September 27, 2017 - September 29, 2017

Goldstar Power IPO Basis of Allotment

GOLDSTAR POWER LIMITED

Our Company was originally incorporated as Goldstar Battery Private Limited at Jamnagar, Gujarat as a Private Limited Company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated July 12,1999 bearing registration No. 04-36274 issued by the Registrar of Companies, Gujarat. The name of our Company was changed to Goldstar Power Private Limited pursuant to a Fresh Certificate of Incorporation Consequent on Change of Name, dated July 13, 2017, issued by the Registrar of Companies, Gujarat. Subsequently, our Company was converted into a public limited company pursuant to shareholders resolution passed at Extraordinary General Meeting of our Company held on July 15, 2017 and the name of our Company was changed to Goldstar Power Limited and a Fresh Certificate of Incorporation consequent upon Conversion of Company to Public Limited, dated July 21,2017 was issued by Registrar of Companies, Ahmedabad. The Corporate Identity number of our Company is U36999GJ1999PLC036274. For details of incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 56 and 124 respectively of the Prospectus.

Registered Office: Behind Ravi Petrol pump, High-Way Road, AT & Post -Hapa, Dist. Jamnagar 361120, Gujarat, India.
Tel. No.: 0288-2571120; Fax No.: Not Available; Email: cs@goldstarpower.com; Website: www.goldstarpower.com
Corporate Identification Number: U36999GJ1999PLC036274; Contact Person: Darshak Thaker, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MULJI PANSARA AND AMRATLAL PANSARA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF UPTO 28,98,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ('EQUITY SHARES') OF GOLDSTAR POWER LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 25 /- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 15 /- PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 724.50 LAKHS ('THE ISSUE'), OF WHICH UPT01,50,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 25/-PER EQUITY SHARE, AGGREGATING RS. 37.50 LAKHS IS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 27,48,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 25/- PER EQUITY SHARE, AGGREGATING RS. 687.00 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.09% AND 25.69% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated September 19,2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:
a) A minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
b) The balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants otherthan retail investors and
(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.
c) the unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter 'Issue Procedure' on page 232 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
THE ISSUE PRICE OF RS. 25.00 IS 2.5 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON SEPTEMBER 27, 2017 AND CLOSED ON SEPTEMBER 29, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of National Stock Exchange of of India Limited (NSE EMERGE) in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated September 13,2017 from National stock Exchange of India Limited for using its name in the Prospectus for listing of our Shares on NSE EMERGE. The designated stock exchange is NSE EMERGE.

SUBSCRIPTION DETAILS

The Issue has received 198 applications for 34,80,000 Equity shares (Before Technical Rejections but after Bids not Banked and Invalid Duplicate Bids) (including Market Maker Application of 1,50,000 Equity Shares) resulting 1.20 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.18 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection & Bids not Banked)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	1,50,000	1
Other than Retail Individual Investor's	42	24,00,000	1.75
Retail Individual Investor's	155	9,30,000	0.68
TOTAL	198	34,80,000	1.20

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES
Market Makers	0	0
Other than Retail Individual Investor's	1	36,000
Retail Individual Investor's	6	36,000
TOTAL	7	72,000

Detail of the Applications Received (After Technical Rejection & Bids not Banked):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	1,50,000	1
Other than Retail Individual Investor's	41	23,64,000	1.28
Retail Individual Investor's	149	8,94,000	0.65
TOTAL	191	34,08,000	1.18

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- NSE on October 05,2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,50,000 Equity shares in full out of reserved portion of 1,50,000 Equity Shares.

B. AIIocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.65 times. Total number of shares allotted in this category are 8,94,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
6,000	149	100.00	8,94,000	100.00	13,74,000	9221.48	6,000	1:1	8,94,000	4,80,000

**the under subscription of 480,000 Equity Shares in the Retail Individual Bidders category has been spilled over to Other Than Retail Individual Bidders category C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 25/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.28 times. Total number of shares allotted in this category is 18,54,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
12,000	20	48.78	2,40,000	10.15	1,88,223	9,411.15	6,000.00	1:1	1,20,000	-68,223
6000 additional share is allotted for Serial No. 1 in the ratio of 1:2								1:2	60,000	60,000
18,000	1	2.44	18,000	0.76	14,117	14,117.00	12,000.00	1:1	12,000	-2,117
24,000	2	4.88	48,000	2.03	37,645	18,822.50	18,000.00	1:1	36,000	-1,645
30,000	2	4.88	60,000	2.54	47,056	23,528.00	24,000.00	1:1	48,000	944
36,000	6	14.63	2,16,000	9.14	1,69,401	28,233.50	30,000.00	1:1	1,80,000	10,599
42,000	1	2.44	42,000	1.78	32,939	32,939.00	30,000.00	1:1	30,000	-2,939
1,08,000	2	4.88	2,16,000	9.14	1,69,401	84,700.50	84,000.00	1:1	1,68,000	-1,401
1,14,000	2	4.88	2,28,000	9.64	1,78,812	89,406.00	90,000.00	1:1	1,80,000	1,188
1,98,000	3	7.32	5,94,000	25.13	4,65,853	1,55,284.33	1,56,000.00	1:1	4,68,000	2,147
2,04,000	1	2.44	2,04,000	8.63	1,59,990	1,59,990.00	1,62,000.00	1:1	1,62,000	2,010
4,98,000	1	2.44	4,98,000	21.07	3,90,563	3,90,563.00	3,90,000.00	1:1	3,90,000	-563
Grand Total	41	100.00	23,64,000	100.00	18,54,000				18,54,000	0

The Board of Directors of the Company at its meeting held on October 06,2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to SCSBs shall be issued on October 06,2017 for unblocking of funds. The Equity Shares allocated to successful applicants are being 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 EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before October 10, 2017 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:

LINK INTIME INDIA PRIVATE LIMITED
C-101.1ST Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083 India.
Tel: 022-49186200; Fax: 022-49186195
Email: goldstar.ipo@linkintime.co.in; Website: www.linkintime.co.in
Investor Grievance Id: goldstar.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan; SEBI Registration Number: INR000004058

Date: October 06,2017 Place: Jamnagar, Gujarat	For GOLDSTAR POWER LIMITED On behalf of the Board of Directors Sd/- Navneet Pansara Managing Director DIN: 00300843

Goldstar Power 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 Goldstar Power IPO .

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

Visit the Goldstar Power IPO allotment status page to check the number of shares allocated to your application.

In Goldstar Power 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 Goldstar Power IPO basis of allotment document to know how the shares are allocated in Goldstar Power IPO.

Goldstar Power IPO Basis of Allotment

Goldstar Power IPO Basis of Allotment FAQs

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