July 27, 2015 - July 30, 2015

Emkay Taps IPO Basis of Allotment

Not for release in The United States. This is an advertisement for information purposes only. This is not a Prospectus announcement, and does, not constitute an invitation orofferto acquire, purchase'or subscribe for securities. Not for publication or distribution, directly or Indirectly outside India. All capitalized terms used hereinand not specifically defined shall have the same meaning as ascribed to them in the Prospectus.
EMKAY TAPS AND CUTTING TOOLS LIMITED

Corporate Identity Number: U29220MH1995PLC091091

Our Company was originally incorporated on July 27,1995, as 'Emkay Taps and Cutting Tools Private Limited' under the provisions of the Companies Act, 1956 with the RoC, Maharashtra, Mumbai. Subsequently, our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on April 8,2015 and the name of our Company was changed to 'Emkay Taps and Cutting Tools Limited' vide a fresh Certificate of Incorporation dated April 24,2015, issued by the RoC, Maharashtra, Mumbai. For details of the changes in our Name, Registered Office and other details, please see section titled 'History and Certain Corporate Matters'on page 106 of the Prospectus.

Registered Office: Plot No. B-27 and B-27/1, M.I.D.C. Hingna, Industrial Estate, Nagpur - 440 016, Maharashtra, India Tel. No.: +91 - 7104 - 237363; Tele-Fax No. +91 - 7104 - 237584; Email: investors@emkaytapsandtools.com, Website: www.emkaytapsandtools.com Contact Person: Ms. Shruti R. Sohane (Company Secretary & Compliance Officer)

PROMOTERS OF OUR COMPANY: MR. AJAYPRAKASH KANORIA, MRS. ALKA KANORIA AND AJAYPRAKASH KANORIA HUF

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 4,71,200 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF EMKAYTAPS AND CUTTING TOOLS LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 330.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 320.00 PER EQUITY SHARE) ('ISSUE PRICE') THROUGH AN OFFER FOR SALE OF BY MR. AJAYPRAKASH KANORIA, MRS. ALKA KANORIA, AJAYPRAKASH KANORIA HUF AND NAGPUR TOOLS PRIVATE LIMITED (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS HEREIN AFTER) AGGREGATING TO RS 1,554.96 LAKHS ('THE ISSUE'). OF THE ISSUE, 24,000 EQUITY SHARES AGGREGATING TO RS 79.20 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 4,47,200 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 330.00 PER EQUITY SHARE AGGREGATING TO RS 1,475.76 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.49% AND 25.14%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 191 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBIICDR REGULATIONS'), AS AMENDED. THIS ISSUE ISAFKED PRICE ISSUE AND ALLOCATION INTHE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 199 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 330.00 THE ISSUE PRICE IS 33.00 TIMES OF THE FACE VALUE

ISSUE	OPENED ON: MONDAY, JULY 27, 2015
	CLOSED ON: THURSDAY, JULY 30, 2015

PROPOSED LISTING: AUGUST 13,2015

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE') ('NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in the issue. However, our Company has received an in-principle approval letter dated July 15,2015 from NSE for using its name in the offer document for listing of our shares on the NSE EMERGE. For the purpose of the Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commence with effect from August 13,2015*

'Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs')

SUBSCRIPTION DETAILS

The Issue has received applications for 6,42,000 Equity Shares (after cheque returns) resulting in 1.36 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:
Detail of the Applications Received (Before Technical Rejection and after cheaue returns)

Category	No. of Applications	%	No. of Equity Shares	%	Subscription
Market Maker	1	0.14	24,000	3.74	1.00
Retail Individual Applicant	699	95.75	2,79,600	43.55	1.25
Other than Retail Individual Applicant	30	4.11	3,38,400	52.71	1.51
Total	730	100.00	6,42,000	100.00	1.36

The details of applications rejected by tne Registrar to the issue on tecnnical grounds/witndrawal are detailed below:

Category	No. of Applications	No. of Equity Shares
Market Maker	0	0
Retail Individual Applicant	18	7,200
Other than Retail Individual Applicant	3	22,800
Total	21	30,000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

Category	No. of Application	%		Reserved Portion (as per Prospectus)			No. of Valid Shares applied			% to Total Applied		Subscription (Times)
Market Maker	1	100.00		24,000			24,000			100.00		1.00
Total	1	100.00		24,000			24,000			100.00		1.00
Category			No. of Applications		%	Reserved Portion (as per Prospectus)		Proportionate Issue Size	No. of Valid Shares applied		% to Total Applied		Subscription (Times)
Retail Individual Applicant			681		96.19	2,23,600		2,23,600	2,72,400		46.33		1.22
Other than Retail Individual Applicant			27		3.81	2,23,600		2,23,600	3,15,600		53.67		1.41
Total			708		100.00	4,47,200		4,47,200	5,88,000		100.00

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on August 6,2015.

A) Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 330.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 24,000 Equity Shares.

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 330.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.22 times i.e. for 2,72,400 Equity Shares. The total number of shares allotted in this category is 2,23,600 Equity Shares to 559 successful applicants.

No. of Shares applied for (category wise)	No. of Applications received	%to Total	Total No. of Shares Applied in Each Category	%to Total	Allocation per Applicant after Rounding Off	Ratio of Allottees to Applicants	Number of Successful Applicants after Rounding Off	Total No. of Shares Allotted
400	681	100.00	2,72,400	100.00	400	55:67	559	2,23,600
Total	681	100.00	2,72,400	100.00	-		559	2,23,600

C)Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 330.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.41 times i.e. for 3,15,600 Equity Shares. The total number of shares allotted in this category is 2,23,600 Equity Shares to 27 successful applicants.

No. of Shares applied for (category wise)	No. of Applications received	% to Total	Total No. of Shares Applied in each Category	% to Total	Allocation per Applicant after Rounding Off	Ratio of Allotees to Applicants	Number of Successful Applicants after Rounding Off	%to Total	Total No. of Shares Allotted	% to Total
1,200	1	3.70	1,200	0.38	800	1:1	1	3.70	800	0.36
2,400	1	3.70	2,400	0.76	1,600	1:1	1	3.70	1,600	0.72
2,800	1	3.70	2,800	0.89	2,000	1:1	1	3.70	2,000	0.89
3,200	1	3.70	3,200	1.01	2,400	1:1	1	3.70	2,400	1.07
3,600	1	3.70	3,600	1.14	2,400	1:1	1	3.70	2,400	1.07
4,000	4	14.81	16,000	5.07	2,800	1:1	4	14.81	11,200	5.01
4,400	2	7.41	8,800	2.79	3,200	1:1	2	7.41	6,400	2.86
6,000	3	11.11	18,000	5.70	4,400	1:1	3	11.11	13,200	5.90
9,200	2	7.41	18,400	5.83	6,400	1:1	2	7.41	12,800	5.72
15,200	5	18.52	76,000	24.08	10,800	1:1	5	18.52	54,000	24.15
18,000	1	3.70	18,000	5.70	12,800	1:1	1	3.70	12,800	5.72
18,400	1	3.70	18,400	5.83	13,200	1:1	1	3.70	13,200	5.90
22,800	1	3.70	22,800	7.22	16,000	1:1	1	3.70	16,000	7.16
30,000	2	7.41	60,000	19.01	21,200	1:1	2	7.41	42,400	18.96
46,000	1	3.70	46,000	14.58	32,400	1:1	1	3.70	32,400	14.49
Total	27	100.00	3,15,600	100.00	2,23,600		27	100.00	2,23,600	100.00

The Board of Directors of the Company at its meeting held on August 7, 2015 has taken on records the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the Corporate Action for the allotment and transfer of the Equity Shares to various successful applicants.

The Refund/allotment intimations have been dispatched to the address of the Applicants as registered with the Depositories. Further, the instructions to SCSBs for unblocking the amount have been given on August 7,2015. In case the Refunds the same has been made through Direct credit/RTGS/NEFT/NECS into the Bank Accounts of the applicants, as registered with the depositories. For other applicants, Refund Orders have been dispatched to their addresses as registered with the Depositories. In case the same is not received within 10 (Ten) days, investors may contact Registrar at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the Depositories. The Equity Shares allocated to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of NSE within 12 (Twelve) working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated July 20,2015 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATELIMITED
^{E - 2/3, Ansa Industrial Estate, Sakhivihar Road, Sakinaka, Andheri (East),
Mumbai - 400 072, Maharashtra}
^{Tel. No.: +91 - 22 - 4043 0200; Fax No.: +91 - 22 - 2847 5207;
Website: www.bigshareonline.com}
Investor Grievance Email: investor@bigshareonline.com; Email: ipo@bigshareonline.com
Contact Person: Mr. Ashok Shetty; SEBI Regn. No.: INR000001385

Date : August 10,2015
Place: Nagpur
For EMKAY TAPS AND CUTTING TOOLS LIMITED
On behalf of the Board of Directors
Sd-
Ajayprakash Kanoria
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF EMKAYTAPS AND CUTTING TOOLS LIMITED.

Emkay Taps IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Emkay Taps IPO .

The Emkay Taps IPO basis of allotment (published above) tells you how shares are allocated to you in Emkay Taps IPO and category wise demand of IPO share.

Visit the Emkay Taps IPO allotment status page to check the number of shares allocated to your application.

In Emkay Taps IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Emkay Taps IPO basis of allotment document to know how the shares are allocated in Emkay Taps IPO.

Emkay Taps IPO Basis of Allotment

Emkay Taps IPO Basis of Allotment FAQs

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