InfoBeans Technologies IPO Basis of Allotment

Our Company was incorporated as InfoBeans Software Solutions Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 18,2011 in Indore, Madhya Pradesh. Subsequently, the name of our Company was changed from InfoBeans Software Solutions Private Limited to InfoBeans Systems India Private Limited vide shareholder's approval on December 12,2012 and fresh certificate of incorporation dated December 07,2012. Subsequently, the name of our Company was changed from InfoBeans Systems India Private Limited to InfoBeans Technologies Private Limited vide shareholder's approval on February 28,2015 and fresh certificate of incorporation dated March 03,2015. Subsequently, our Company was converted into public limited company pursuant to which the name of our Company was changed to 'InfoBeans Technologies Limited' vide shareholder's approval on February 28, 2015 and fresh certificate of incorporation dated March 03,2015. Our Company got listed on Emerge ITP Platform of National Stock Exchange of India Limited (NSE) on March 31,2015. Further, our Company had made an application for delisting of Company on Emerge ITP Platform of NSE vide letter dated February 01,2017 and is delisted with effect from March 01,2017 vide letter no. NSE/LIST/C/2017/0134. The Corporate Identification Number of our Company is L72200MP2011PLC025622. Forfurttier details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 143 of the Prospectus.

Registered Office: 601 -602, Rafael Tower 8/2, Old Palasia Indore - 452001, Madhya Pradesh
Tel No: +91- 731- 6704000; E-mail: info@infobeans.com; Website: www.infobeans.com
Contact Person: Mr. Avinash Sethi, Director

PUBLIC ISSUE OF 63,42,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF INFOBEANS TECHNOLGIES LIMITED ('ITL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs. 58/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF Rs. 48/- PER EQUITY SHARE) AGGREGATING Rs. 3678.36 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 3,18,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 60,24,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.41% AND 25.08% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING IN TERMS OF CHAPTERXB OFTHE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII - ISSUE INFORMATION' BEGINNING ON PAGE 276 OFTHE PROSPECTUS.

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ('NSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated April 05,2017 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited.The trading Is proposed to be commenced with effect from Tuesday, May 02, 2017.*

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

All Applicants participated 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').

The Issue has received 39,870 applications for 197680000 Equity Shares resulting in 31.17 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection):

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

After eliminating technically rejected applications, the following tables give us Category wise net valid applications:

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on April 26,2017.

A. Allocation to Market Makers (After Technical Rejections): The Basis of Allotmentto the Market Makers, at the issue price of Rs. 58/- 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 3,18,000 Equity Shares to 02 successful applicants.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 58/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 25.78 times. Thetotal number of shares allotted in this category is 30,12,000 Equity Shares to 1,506 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to the Qualified Institutional Buyers, at the issue price of Rs. 58/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.38 times. The total number of shares allotted in this category is 24,06,000 Equity Shares to 05 successful applicants. The Category-wise details of the Basis of Allotment are as under:

D. Allocation to Non institutional investors (After Technical Rejections):

The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs.58/-per Equity Share, was finalized in consultation with NSE. The category was subscribed by 189.87 times. The total number of shares allotted in this category is 6,06,000 Equity Shares to 106 successful applicants.
The Category-wise details of the Basis of Allotment are as under:

The Board of Directors of the company at its meeting heid on April 26,2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before April 27,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to April 27,2017. In case the same is not received within four working days, investors may contact Registrar at the address given below. 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. The Company is taking steps to get the Equity Shares admitted for trading on NSE Emerge Platform within six 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 April 10,2017 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, LINK INTIME INDIA PRIVATE LIMITED at www.linkintime.co.in. 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, Lal Bahadur Shastri Marg,Vikhroli (West), Mumbai 400083, Maharashtra, India
Tel: (022) 49186200, Fax: (022) 49186195, E-mail: infobeans.ipo@linkintime.co.in, Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan, SEBI Registration No.: INR000004058