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March 30, 2016 - April 5, 2016

Franklin Leasing IPO Basis of Allotment

FRANKLIN LEASING AND FINANCE LIMITED

(CIN No.: U748990L1992PLC048028)

Our Company was incorporated as Franklin Leasing and Finance Private Limited on March 16,1992 underthe Companies Act, 1956, bearing Registration No. 048028 having its Registered office in Delhi. Subsequently, the Company became a Public Limited Company in pursuance to a special resolution  passed by the members of our Company at the EGM held on September 10,2013 and the name of our Company was changed to Franklin Leasing and   Finance Limited. A fresh Certificate of Incorporation consequent to conversion to a public limited company was issued on February 13,2014 by the Finance Limited Registrar of Companies, Delhi. For further details regarding the changes in our name and registered office, please see the chapter titled 'History and Certain Corporate Matters' beginning on page 89 of the Prospectus.

Registered Office: Unit No.205,2nd Floor, Aggarwal City Mall, Road No. 44, Pitampura, Delhi -110034.
Tel No.: +91-11-42351486; Tele Fax No.: +91-11-42351486; Website: www.franklinleasing.in
Company Secretary and Compliance Officer: Ms. Shanu Jain; Email: info.franklinleasing@gmail.com

PROMOTERS OF THE COMPANY: MR. PAWAN DALMIA AND M/S. CONFIDENT FINANCIAL ADVISORY PVT. LTD.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 42,24,000 EQUITY SHARES OF RS 10/- EACH ('EQUITY SHARES') OF FRANKLIN LEASING AND FINANCE LIMITED ('FLFL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 15/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 633.60 LAKHS ('THE ISSUE'), OF WHICH, 2,24,000 EQUITY SHARES OF RS 10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 40,00,000 EQUITY SHARES OF RS 10/- EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.76% AND 25.34%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS 1.50 TIMES OF THE FACE VALUE. ISSUE OPENED ON MARCH 30,2016 AND CLOSED ON APRIL 05,2016.

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated June 12,2015 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before April 13,2016* * Subject to receipt of listing and trading approvals from the BSE Limited.

This being a Fixed Price Issue, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies/ Institutions irrespective of number of shares applied for. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only 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 Net Issue has received 224 applications for 42,08,000 Equity Shares resulting in 1.05 times subscription. The details of the applications received in the Net Issue (before and aftertechnical rejections) are as follows:
Detail of the Applications Received

CATEGORY BEFORE TECHNICAL REJECTION AFTER TECHNICAL REJECTION
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Applicant 176 14,08,000 171 13,68,000
Non - Retail Applicant 48 28,00,000 47 27,76,000
TOTAL 224 42,08,000 218 41,44,000

Note: The Issue also includes 2,24,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejections.In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 6,32,000 Equity Shares in Retail Category & over subscription 7,76,000 Equity Shares in Non - Retail Category, before spill over. The unsubscribed portion of Retail Category i.e. 6,32,000 Equity Share has been added to the Non-Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Ltd on April 08,2016.

A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 15/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,24,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied
for (Category wise)
No. of Applications
received
%t o
total
Total No. of Shares
applied in Each Category
% to
total
Allocation
per Applicant
Ratio of Allottees
to the Applicant
Total No. of
Shares allocated
2,24,000 1 100.00 2,24,000 100.00 2,24,000 1:1 2,24,000
Total 1 100.00 2,24,000 100.00 2,24,000

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.15/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 20,00,000 Equity Shares. The category was subscribed by 0.68 times. The category-wise details of the Basis of Allotment are as under:

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 Ratio of Allottees to the Applicant Total No. of Shares allocated
8,000 171 100.00 13,68,000 100.00 8,000 1:1 13,68,000
Total 171 100.00 13,68,000 100.00 13,68,000

C) Allocation to Non - Retails Category (After Technical Rejections): The Basis of Allotment to the Non - Retail Investors, at the issue price of Rs.15/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 26,32,000 Equity Shares including unsubscribed portion of Retail Category. The category was subscribed by 1.05 times. The category-wise details of the Basis of Allotment are as under:

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
Ratio of Allottees
to the Applicant
Total No. of
Shares allocated
16,000 3 6.38 48,000 1.73 16,000 1:1 48,000
24,000 13 27.66 3,12,000 11.24 24,000 1:1 3,12,000
32,000 13 27.66 4,16,000 14.99 32,000 1:1 4,16,000
40,000 1 2.13 40,000 1.44 40,000 1:1 40,000
56,000 1 2.13 56,000 2.02 56,000 1:1 56,000
64,000 8 17.02 5,12,000 18.44 56,000 1:1 4,48,000
64,000 (Lottery System - Serial No.of Qualifying Applicant is 1) 8,000 1:8 8,000
96,000 4 8.51 3,84,000 13.83 88,000 1:1 3,52,000
1,04,000 2 4.26 2,08,000 7.49 96,000 1:1 1,92,000
1,28,000 1 2.13 1,28,000 4.61 1,20,000 1:1 1,20,000
6,72,000 1 2.13 6,72,000 24.21 6,40,000 1:1 6,40,000
TOTAL 47 100.00 27,76,000 100.00 26,32,000

The Board of Directors of the Company at its meeting held on April 09, 2016 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action forthe allotment of the Equity Shares to various successful applicants. The CAN and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on April 11,2016 for unblocking of funds. The Equity Shares allotted to successful applicants have been credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on or before April 13,2016 subject to receipt of listing and trading approvals from BSE.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March18,2016 ('Prospectus').
INVESTORS PLEASENOTE
The details of the allotment made has been hosted on the website of the Registrarto the Issue, Skyline Financial Services Private Limited at Website: www.skylinerta.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, 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 given below:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area, Phase-I, New Delhi -110020.
Tel: +91 11 64732681-88; Fax: +91 11 26812682; Email: virenr@skylinerta.com; oradmin@skylinerta.com
Investor Grievance Email: info@skylinerta.com; Website: www.skylinerta.com
Contact Person: Mr. Vlrender Rana; SEBI Registration No.: INE00003241

Date: April 12,2016
Place: Delhi
For Franklin Leasing and Finance Limited
On behalf of the Board of Directors
Sd/-
Managing Director

Franklin Leasing 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 Franklin Leasing IPO .

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

Visit the Franklin Leasing IPO allotment status page to check the number of shares allocated to your application.

In Franklin Leasing 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 Franklin Leasing IPO basis of allotment document to know how the shares are allocated in Franklin Leasing IPO.