September 22, 2017 - September 26, 2017

Innovative Tyres IPO Basis of Allotment

INNOVATIVE TYRES & TUBES LIMITED

Our Company was originally incorporated as 'Innovative Tyres & Tubes Limited' at Mumbai, Maharashtra as a public limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated November 28,1995 bearing Registration Number 11 -94817 issued by Registrar of Companies, Maharashtra, Mumbai. The certificate of Commencement of Business was granted by Registrar of Companies, Maharashtra on February 08, 1996 issued pursuant to change in the registered office of our Company from one state to another state vide resolution passed by shareholders of our company in the Annual General Meeting held on August 23, 2014 and a certificate in respect of which was issued by Registrar of Companies, Ahmedabad, on April 27, 2016. The Corporate Identification Number (CIN) of our Company is U25112GJ1995PLC086579. 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 74 and 191 respectively of the Prospectus.

Registered Office: 1201,1202,1203 - GIDC Halol, Panchmahals - 389350, Gujarat, India; Telefax: +91 2676 220621
E-mail: investors@innovativetyres.co.in; Website: www.innovativetyres.com; Contact Person: Sejal Desai, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MUKESH DESAI AND PRADEEP KOTHARI

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 62,97,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS. 35 PER EQUITY SHARE) AGGREGATING RS. 2833.65 LAKHS (THE 'ISSUE'), OF WHICH 3,27,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE, AGGREGATING RS. 147.15 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION') AND 8,70,000 EQUITY SHARES OF RS. 10/- EACH FOR CASH AT PRICE OF RS. 45/- PER EQUITY SHARE AGGREGATING RS. 391.50 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE 'EMPLOYEES RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION AND EMPLOYEES RESERVATION PORTION I.E. ISSUE OF 51,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 45/- PER EQUITY SHARE, AGGREGATING RS. 2295.00 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 35.00% AND 28.35% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

RISKS TO INVESTORS:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Mukesh Desai is Rs. 25.30 and Pradeep Kothari is Rs. 29.29.
In terms of Prospectus dated September 27, 2017 and as per SEBI (ICDR) Regulations, 2009 wherein

A. minimum fifty percent to retail individual investors; and,

B. remaining to:

(i) individual applicants other than retail individual investors; and

(ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for;

C. the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category. Under-subscription, if any, in the Employee Reservation Portion will be added back to the Net Issue to the public.

All Investors have participated in this offer through ASBA process. Fordetails in this regards, specific attention is invited to chapter 'Issue Procedure' on page 314 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 45/- AND IS 4.5 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: FRIDAY, SEPTEMBER 22, 2017 AND CLOSED ON: TUESDAY, SEPTEMBER 26, 2017

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an in - principle approval letter dated September 13, 2017 from NSE EMERGE for using its name in the Issue document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of the National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 12,465 applications for 4,79,34,000 Equity shares (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids) including Market Maker Application of 3,27,000 Equity Shares and Applications of eligible Employees of 7,95,000 Equity Shares. The issue was subscribed to the extent of 7.61 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 7.28 times.
The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	3,27,000	1.00
Employee Reservation	91	7,95,000	0.91
Other than Retail Individual Investors	155	95,10,000	3.73
Retail Individual Investors	11,923	3,57,69,000	14.03
TOTAL	12,170	4,64,01,000	7.37

Final Demand

Sr.No.	Bid Price	No. of Equity Shares Bid	% to total	Cumulative total	% of Cumulative total
1.	42	87,000	0.18%	87,000	0.18%
2.	43	24,000	0.05%	1,11,000	0.23%
3.	44	12,000	0.03%	1,23,000	0.26%
4.	45	3,08,55,000	64.32%	3,09,78,000	64.57%
5.	CutOff	1,69,95,000	35.42%	4,79,73,000	100.00%
	Total	4,79,73,000	100

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the National Stock Exchange of India Limited on September29, 2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,27,000 Equity shares in full out of reserved portion of 3,27,000 Equity Shares.

B. Allocation to Employees (After Technical Rejection): The Basis of Allotmentto the Employees, at the issue price of Rs 45/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 0.89 times. Total number of shares allotted in this category is 7,77,000 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)
3,000	1	1.15	3,000	0.39	3,359	3,359.00	3,000.00	1:1	3,000	-359
9,000	86	98.85	7,74,000	99.61	8,66,641	10,077.22	9,000.00	1:1	7,74,000	-92,641

*the under subscription of 93,000 Equity Shares in the Eligible Employees category has been spilled over to Retail and Other Than Retail Individual Bidders category.

C. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 45/- per Equity Share was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 8.61 times. Total number of shares allotted in this category is 40,92,000 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)
3,000	11,738	100	3,52,14,000	100	40,92,000	348.61	3,000.00	5:43	40,92,000	0

D. 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 45/-per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 8.63 times. Total number of shares allotted in this category is 11,01,000 Equity Shares. The category wise basis of allotment is as under:

Sr. No.	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)
1	6,000	22	14.29	1,32,000	1.39	15,291	695.09	3,000.00	5:22	15,000	-291
2	9,000	16	10.39	1,44,000	1.52	16,681	1,042.63	3,000.00	5:16	15,000	-1,681
3	12,000	11	7.14	1,32,000	1.39	15,291	1,390.18	3,000.00	5:11	15,000	-291
4	15,000	10	6.49	1,50,000	1.58	17,377	1,737.70	3,000.00	3:5	18,000	623
5	18,000	5	3.25	90,000	0.95	10,426	2,085.20	3,000.00	3:5	9,000	-1426
6	24,000	1	0.65	24,000	0.25	2,780	2,780.00	3,000.00	1:1	3,000	220
7	27,000	2	1.30	54,000	0.57	6,256	3,128.00	3,000.00	1:1	6,000	-256
8	30,000	27	17.53	8,10,000	8.52	93,835	3,475.37	3,000.00	1:1	81,000	-12,835
3000 additional share is allotted for Serial no. 8 in the ratio of 4:27								3,000.00	4:27	12,000	12,000
9	33,000	4	2.60	1,32,000	1.39	15,292	3,823.00	3,000.00	1:1	12,000	-3,292
3000 additional share is allotted for Serial no. 9 in the ratio of 1:4								3,000.00	1:4	3,000	3,000
10	36,000	6	3.90	2,16,000	2.27	25,023	4,170.50	3,000.00	1:1	18,000	-7,023
3000 additional share is allotted for Serial no. 10 in the ratio of 1:2								3,000.00	1:2	9,000	9,000
11	39,000	2	1.30	78,000	0.82	9,036	4,518.00	3,000.00	1:1	6,000	-3,036
3000 additional share is allotted for Serial no. 11 in the ratio of 1:2								3,000.00	1:2	3,000	3,000
12	42,000	1	0.65	42,000	0.44	4,866	4,866.00	6,000.00	1:1	6,000	1,134
13	45,000	2	1.30	90,000	0.95	10,426	5,213.00	6,000.00	1:1	12,000	1,574
14	48,000	1	0.65	48,000	0.51	5,561	5,561.00	6,000.00	1:1	6,000	439
15	54,000	1	0.65	54,000	0.57	6,256	6,256.00	6,000.00	1:1	6,000	-256
16	57,000	2	1.30	1,14,000	1.20	13,206	6,603.00	6,000.00	1:1	12,000	-1,206
17	60,000	3	1.95	1,80,000	1.89	20,852	6,950.67	6,000.00	1:1	18,000	-2,852
3000 additional share is allotted for Serial no. 17 in the ratio of 1:3								3,000.00	1:3	3,000	3,000
18	63,000	2	1.30	1,26,000	1.33	14,597	7,298.50	6,000.00	1:1	12,000	-2,597
3000 additional share is allotted for Serial no. 18 in the ratio of 1:2								3,000.00	1:2	3,000	3,000
19	66,000	5	3.25	3,30,000	3.47	38,229	7,645.80	6,000.00	1:1	30,000	-8,229
3000 additional share is allotted for Serial no. 19 in the ratio of 3:5								3,000.00	3:5	9,000	9,000
20	69,000	1	0.65	69,000	0.73	7,993	7,993.00	9,000.00	1:1	9,000	1,007
21	87,000	1	0.65	87,000	0.92	10,079	10,079.00	9,000.00	1:1	9,000	-1,079
22	90,000	4	2.60	3,60,000	3.79	41,705	10,426.25	9,000.00	1:1	36,000	-5,705
3000 additional share is allotted for Serial no. 22 in the ratio of 1:2								3,000.00	1:2	6,000	6,000
23	99,000	2	1.30	1,98,000	2.08	22,938	11,469.00	12,000.00	1:1	24,000	1,062
24	1,05,000	1	0.65	1,05,000	1.10	12,164	12,164.00	12,000.00	1:1	12,000	-164
25	1,11,000	5	3.25	5,55,000	5.84	64,295	12,859.00	12,000.00	1:1	60,000	-4,295
3000 additional share is allotted for Serial no. 25 in the ratio of 1:5								3,000.00	1:5	3,000	3,000
26	1,14,000	1	0.65	1,14,000	1.20	13,206	13,206.00	12,000.00	1:1	12,000	-1,206
27	1,20,000	1	0.65	1,20,000	1.26	13,902	13,902.00	15,000.00	1:1	15,000	1,098
28	1,23,000	1	0.65	1,23,000	1.29	14,249	14,249.00	15,000.00	1:1	15,000	751
29	2,13,000	1	0.65	2,13,000	2.24	24,675	24,675.00	24,000.00	1:1	24,000	-675
30	2,19,000	1	0.65	2,19,000	2.30	25,370	25,370.00	24,000.00	1:1	24,000	-1,370
31	2,22,000	3	1.95	6,66,000	7.01	77,153	25,717.67	24,000.00	1:1	72,000	-5,153
3000 additional share is allotted for Serial no. 31 in the ratio of 2:3								3,000.00	2:3	6,000	6,000
32	2,25,000	2	1.30	4,50,000	4.73	52,131	26,065.50	27,000.00	1:1	54,000	1,869
33	2,40,000	2	1.30	4,80,000	5.05	55,606	27,803.00	27,000.00	1:1	54,000	-1,606
34	3,00,000	1	0.65	3,00,000	3.16	34,754	34,754.00	36,000.00	1:1	36,000	1,246
35	4,44,000	2	1.30	8,88,000	9.34	1,02,871	51,435.50	51,000.00	1:1	1,02,000	-871
36	4,98,000	1	0.65	4,98,000	5.24	57,691	57,691.00	57,000.00	1:1	57,000	-691
37	11,13,000	1	0.65	11,13,000	11.71	1,28,937	1,28,937.00	1,29,000.00	1:1	1,29,000	63

The Board of Directors of the Company at its meeting held on October 03, 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 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 has been issued on October 03, 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 the 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 05, 2017 subject to receipt of listing and trading approvals from National Stock Exchange.

INVESTORS PLEASE NOTE

The details of the allotment made will 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 - 400 083, Maharashtra, India
Tel: +91 22 4918 6200; Fax: +91 22 4918 6195; Email: itati.ipo@linkintime.co.in ; Website: www.linkintime.co.in
Investor Grievance Id: itati.ipo@linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan; SEBI Registration No.: INR000004058

Date: October 03, 2017 Place: Halol, Vadodara	For Innovative Tyres & Tubes Limited On behalf of the Board of Directors Sd/- Mukesh Desai Chairman and Managing Director

Innovative Tyres 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 Innovative Tyres IPO .

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

Visit the Innovative Tyres IPO allotment status page to check the number of shares allocated to your application.

In Innovative Tyres 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 Innovative Tyres IPO basis of allotment document to know how the shares are allocated in Innovative Tyres IPO.

Innovative Tyres IPO Basis of Allotment

Innovative Tyres IPO Basis of Allotment FAQs

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