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May 14, 2018 - May 16, 2018

Innovators Facade Systems IPO Basis of Allotment

Our Company was originally incorporated as "Innovators Engineers & Contractors Private Limited" at Mumbai, Maharashtra, as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated June 8,1999 bearing Registration Number 11-120229 issued by Assistant Registrar of Companies, Maharashtra, Mumbai. The name of our Company was changed from Innovators Engineers & Contractors Private Limited to Innovators Facade Systems Private Limited vide Fresh Certificate of Incorporation dated July 19,2005 issued by Assistant Registrar of Companies, Belapur, Navi Mumbai. Our Company was converted to Public Limited Company pursuant to shareholders resolution passed at Extraordinary General Meeting of our Company held on January 29,2018 and the name of our Company was changed to Innovators Facade Systems Limited and a Fresh Certificate of Incorporation consequent upon conversion of Company to Public Limited dated February 15,2018 was issued by Registrar of Companies, Maharashtra. The Corporate Identification number of our Company is U45200MH1999PLC120229.For further details of change of name and registered office of our Company, please refer to chapters titled "General Information" and "Our History and Certain Other Corporate Matters" beginning on page 73 and 173, respectively of this Prospectus.

Registered Office: 204, B-65, Sector No 1, Shanti Nagar, Mira Road (East), Thane- 401107, Maharashtra, India Corporate Identification Number: U45200MH1999PLC120229 Tel: 022- 28132151 Fax: 022- 28132151
Contact Person: Radhika Tibrewala Email: investors@innovators.in; Website: www.innovators.in

PROMOTERS OF OUR COMPANY: RADHESHYAM SHRMA AND JOLLY MILTITRADE PRIVATE LIMITED.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 56,60,800* EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 72/- PER EQUITY SHARE (" THE ISSUE PRICE"), (INCLUDING A SHARE PREMIUM OF RS. 62/- PER EQUITY SHARE), AGGREGATING RS. 4,075.78 LAKHS ('THE ISSUE"), OF WHICH 2,88,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 72/- PER EQUITY SHARE, AGGREGATING RS. 207.36 LAKHS WAS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 53,72,800 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 72/- PER EQUITY SHARE, AGGREGATING RS. 3,868.42 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.00 % AND 28.48 % 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. Radheshyam Sharma and M/s. Jolly Multitrade Private Limited is Rs. 12.72 and Rs. 37.08 respectively.

II. This being the first public Issue of our Company, there has been no formal market for the Equity Shares. The face value of the Equity Shares is Rs. 10 each. The Floor Price is 7.1 times the face value and the Cap Price is 7.2 times the face value. The Issue Price (determined and justified by our Company in consultation with the BRLM as stated in "Basis for Issue Price" on page 118 of the Prospectus should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.

All Investors have participated in this Issue through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 278 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 72/- AND IS 7.2 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: MONDAY, MAY 14, 2018* AND CLOSED ON: WEDNESDAY, MAY 16,2018
*THE ANCHOR INVESTOR BID/ISSUE PERIOD WAS FRIDAY, MAY 11,2018

In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the "SCRR") the Issue is being made for at least 25% of the post-Issue paid-up Equity Share capital of our Company. The Issue is being made in accordance with Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time ("SEBI (ICDR) Regulations"), wherein 49.97 % of the Net Issue was available for allocation on a proportionate basis to QIBs, provided that our Company, in consultation with the BRLM allocated 59.95% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription in the Anchor Investor Portion, the remaining Equity Shares shall be added to the QIB Portion. 5.00% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion (excluding Anchor Investor Portion) was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, 15.01 % of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Investors and 35.02% of the Net Issue was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All investors (except Anchor Investors) participated in this Issue mandatorily through the Applications Supported by Blocked Amount ("ASBA") process by providing details of their respective bank accounts which were blocked by SCSBs. For further details please refer the section titled 'Issue Information' beginning on page 264 of this Prospectus. The Equity Shares of our Company issued through the Prospectus are proposed to be listed on BSE Limited, 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 April 19,2018 from BSE Limited for using its name in the Issue document for listing of our shares on BSE Limited. For the purpose of this Issue, SME Platform of BSE Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 23720 applications for 12,81,13,600 Equity shares (Before Technical Rejections, Multiple Rejections, but after bids not banked, invalid duplicate and invalid multiple bids) including Market Maker Application of 2,88,000 Equity Shares. The issue was subscribed to the extent of 22.63 times as per the application data (before technical rejection, multiple rejections, but after bids not banked, invalid duplicate and invalid multiple bids). After considering the technical rejections cases and multiple rejection cases, the issue was subscribed 22.54 times. The details of application received (Before Technical Rejections, Multiple Rejections, but after bids not banked, invalid duplicate and invalid multiple bids)

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION AMOUNT (In Rs.)
Market Maker 1 2,88,000 1.00 20736000.00
Retail Individual Investors 23,509 376,14,400 19.99 2708228800.00
Non Institutional Investors 198 742,22,400 92.04 5344006400.00
Qualified Institutional Buyer (Excluding Anchor Investors) 10 132,08,000 12.28 950976000.00
Anchor Investors 2 27,80,800 1.73 200217600.00
TOTAL 23,720 12,81,13,600 22.63 9224164800.00

Final Demand

Sr No Bid Price No of Equity
Shares Bid for
% to
total
Cumulative
total
Cumulative %
of total
1. 71 27,200 0.02 27,200 0.02
2. 72 1022,80,000 80.63 1023,07,200 80.66
3. CUT OFF 245,37,600 19.34 1268,44,800 100.00
Total 1268,44,800 100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - SME Platform of BSE Limited on May 21,2018

A. Allocation to Market Maker (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 72/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,88,000 Equity shares in full out of reserved portion of 2,88,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 72/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 19.76 times. Total number of shares allotted in this category is 18,81,600 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
1600 23,243 100.00 3,71,88,800 100.00 18,81,600 80.92 1600 4:79 18,81,600 0

C. Allocation to Non Institutional Investor (After Technical Rejection and Multiple Rejections): The Basis of Allotment to Non Institutional Investors, at the issue price of Rs. 72/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 91.96 times. Total number of shares allotted in this category is 8,06,400 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. 3200 22 11.40 70400 0.09 766 34.82 1600.00 0:22 0 -766
2. 4800 19 9.84 91200 0.12 992 52.21 1600.00 1:19 1600 608
3. 6400 6 3.11 38400 0.05 418 69.67 1600.00 0:6 0 -418
4. 8000 8 4.15 64000 0.09 696 87.00 1600.00 0:8 0 -696
5. 9600 4 2.07 38400 0.05 418 104.50 1600.00 0:4 0 -418
6. 11200 8 4.15 89600 0.12 974 121.75 1600.00 1:8 1600 626
7. 12800 3 1.55 38400 0.05 418 139.33 1600.00 0:3 0 -418
8. 14400 4 2.07 57600 0.08 626 156.50 1600.00 0:4 0 -626
9. 16000 3 1.55 48000 0.06 522 174.00 1600.00 0:3 0 -522
10. 17600 3 1.55 52800 0.07 574 191.33 1600.00 0:3 0 -574
11. 19200 5 2.59 96000 0.13 1044 208.80 1600.00 1:5 1600 556
12. 20800 2 1.04 41600 0.06 452 226.00 1600.00 0:2 0 -452
13. 22400 1 0.52 22400 0.03 244 244.00 1600.00 0:1 0 -244
14. 24000 3 1.55 72000 0.10 783 261.00 1600.00 0:3 0 -783
15. 25600 2 1.04 51200 0.07 557 278.50 1600.00 0:2 0 -557
16. 27200 3 1.55 81600 0.11 887 295.67 1600.00 1:3 1600 713
17. 28800 1 0.52 28800 0.04 313 313.00 1600.00 0:1 0 -313
18. 30400 1 0.52 30400 0.04 331 331.00 1600.00 0:1 0 -331
19. 32000 4 2.07 128000 0.17 1392 348.00 1600.00 1:4 1600 208
20. 33600 3 1.55 100800 0.14 1096 365.33 1600.00 1:3 1600 504
21. 35200 1 0.52 35200 0.05 383 383.00 1600.00 0:1 0 -383
22. 36800 1 0.52 36800 0.05 400 400.00 1600.00 0:1 0 -400
23. 38400 1 0.52 38400 0.05 418 418.00 1600.00 0:1 0 -418
24. 41600 2 1.04 83200 0.11 905 452.50 1600.00 1:2 1600 695
25. 44800 2 1.04 89600 0.12 974 487.00 1600.00 1:2 1600 626
26. 48000 1 0.52 48000 0.06 522 522.00 1600.00 0:1 0 -522
27. 49600 1 0.52 49600 0.07 539 539.00 1600.00 0:1 0 -539
28. 54400 2 1.04 108800 0.15 1183 591.50 1600.00 1:2 1600 417
29. 56000 1 0.52 56000 0.08 609 609.00 1600.00 0:1 0 -609
30. 64000 1 0.52 64000 0.09 696 696.00 1600.00 0:1 0 -696
31. 68800 1 0.52 68800 0.09 748 748.00 1600.00 0:1 0 -748
32. 70400 1 0.52 70400 0.09 766 766.00 1600.00 0:1 0 -766
33. 80000 4 2.07 320000 0.43 3480 870.00 1600.00 1:2 3200 -280
34. 83200 2 1.04 166400 0.22 1809 904.50 1600.00 1:2 1600 -209
35. 89600 1 0.52 89600 0.12 974 974.00 1600.00 1:1 1600 626
36. 91200 1 0.52 91200 0.12 992 992.00 1600.00 1:1 1600 608
37. 107200 1 0.52 107200 0.14 1166 1166.00 1600.00 1:1 1600 434
38. 108800 1 0.52 108800 0.15 1183 1183.00 1600.00 1:1 1600 417
39. 110400 1 0.52 110400 0.15 1201 1201.00 1600.00 1:1 1600 399
40. 112000 1 0.52 112000 0.15 1218 1218.00 1600.00 1:1 1600 382
41. 113600 2 1.04 227200 0.31 2471 1235.50 1600.00 1:1 3200 729
42. 115200 1 0.52 115200 0.16 1253 1253.00 1600.00 1:1 1600 347
43. 116800 1 0.52 116800 0.16 1270 1270.00 1600.00 1:1 1600 330
44. 118400 1 0.52 118400 0.16 1288 1288.00 1600.00 1:1 1600 312
45. 121600 1 0.52 121600 0.16 1322 1322.00 1600.00 1:1 1600 278
46. 123200 1 0.52 123200 0.17 1340 1340.00 1600.00 1:1 1600 260
47. 124800 1 0.52 124800 0.17 1357 1357.00 1600.00 1:1 1600 243
48. 126400 1 0.52 126400 0.17 1375 1375.00 1600.00 1:1 1600 225
49. 132800 1 0.52 132800 0.18 1444 1444.00 1600.00 1:1 1600 156
50. 137600 3 1.55 412800 0.56 4489 1496.33 1600.00 1:1 4800 311
51. 139200 2 1.04 278400 0.38 3027 1513.50 1600.00 1:1 3200 173
52. 145600 1 0.52 145600 0.20 1583 1583.00 1600.00 1:1 1600 17
53. 160000 1 0.52 160000 0.22 1740 1740.00 1600.00 1:1 1600 -140
54. 161600 1 0.52 161600 0.22 1757 1757.00 1600.00 1:1 1600 -157
55. 164800 1 0.52 164800 0.22 1792 1792.00 1600.00 1:1 1600 -192
56. 166400 1 0.52 166400 0.22 1809 1809.00 1600.00 1:1 1600 -209
57. 182400 1 0.52 182400 0.25 1983 1983.00 1600.00 1:1 1600 -383
58. 187200 1 0.52 187200 0.25 2036 2036.00 1600.00 1:1 1600 -436
59. 192000 1 0.52 192000 0.26 2088 2088.00 1600.00 1:1 1600 -488
60. 193600 1 0.52 193600 0.26 2105 2105.00 1600.00 1:1 1600 -505
61. 228800 1 0.52 228800 0.31 2488 2488.00 3200.00 1:1 3200 712
62. 230400 1 0.52 230400 0.31 2505 2505.00 3200.00 1:1 3200 695
63. 262400 1 0.52 262400 0.35 2853 2853.00 3200.00 1:1 3200 347
64. 278400 2 1.04 556800 0.75 6055 3027.50 3200.00 1:1 6400 345
65. 291200 1 0.52 291200 0.39 3167 3167.00 3200.00 1:1 3200 33
66. 336000 1 0.52 336000 0.45 3654 3654.00 3200.00 1:1 3200 -454
67. 374400 1 0.52 374400 0.50 4071 4071.00 4800.00 1:1 4800 729
68. 376000 1 0.52 376000 0.51 4089 4089.00 4800.00 1:1 4800 711
69. 377600 2 1.04 755200 1.02 8212 4106.00 3200.00 1:1 6400 -1812
377600 1600 additional share is allocated for Serial no 69 in the ratio of 1:2 1600.00 1:2 1600 1600
70. 379200 1 0.52 379200 0.51 4124 4124.00 4800.00 1:1 4800 676
71. 380800 1 0.52 380800 0.51 4141 4141.00 4800.00 1:1 4800 659
72. 416000 1 0.52 416000 0.56 4524 4524.00 4800.00 1:1 4800 276
73. 694400 1 0.52 694400 0.94 7551 7551.00 8000.00 1:1 8000 449
74. 1353600 1 0.52 1353600 1.83 14719 14719.00 14400.00 1:1 14400 -319
75. 1388800 5 2.59 6944000 9.36 75511 15102.20 14400.00 1:1 72000 -3511
1388800 1600 additional share is allocated for Serial no 75 in the ratio of 2:5 1600.00 2:5 3200 3200
76. 1444800 1 0.52 1444800 1.95 15711 15711.00 16000.00 1:1 16000 289
77. 2027200 1 0.52 2027200 2.73 22044 22044.00 22400.00 1:1 22400 356
78. 2083200 2 1.04 4166400 5.62 45306 22653.00 22400.00 1:1 44800 -506
79. 2360000 1 0.52 2360000 3.18 25663 25663.00 25600.00 1:1 25600 -63
80. 2777600 1 0.52 2777600 3.75 30204 30204.00 30400.00 1:1 30400 196
81. 3763200 7 3.63 26342400 35.52 286454 40922.00 40000.00 1:1 280000 -6454
3763200 1600 additional share is allocated for Serial no 81 in the ration ratio of 4:7 1600.00 4:7 6400 6400
82. 4166400 1 0.52 4166400 5.62 45306 45306.00 44800.00 1:1 44800 -506
83. 5372800 2 1.04 10745600 14.49 116850 58425.00 57600.00 1:1 115200 -1650
5372800 1600 additional share is allocated for Serial no 83 in the ratio of 1:2 1600.00 1:2 1600 1600
Total 193 100.000 74156800 100.00 806400 806400 0

*there were 1 applications for 4,92,800 Equity Shares bided by QIB in Nil category hence, the said applications have been shifted to QIB Category and there were 3 applications for 3,53,600 Equity Shares bided by Nil in QIB category hence, the said applications have been shiftedto Nil Category.

D. Allocation to Qualified Institutional Investor (Excluding Anchor Investors and After Technical Rejection and multiple rejections)Allotment to QIBs, who have bid at the Issue Price of 72/- per Equity Share, has been done on a proportionate basis in consultation with the BSE Limited. This category has been subscribed to the extent of 12.28 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were to be allotted 5% of the Equity Shares of Net QIB portion available i.e. 53,760 Equity Shares. No applications have been received in Mutual fund category and hence 53,760 shares from Mutual fund category has been spilled over.

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
92800 1 10.00 92800 0.70 7553 7553.00 8000.00 1:1 8000 447
208000 1 10.00 208000 1.57 16932 16932.00 17600.00 1:1 17600 668
347200 1 10.00 347200 2.63 28264 28264.00 28800.00 1:1 28800 536
384000 1 10.00 384000 2.91 31260 31260.00 30400.00 1:1 30400 -860
492800 1 10.00 492800 3.73 40116 40116.00 40000.00 1:1 40000 -116
1299200 1 10.00 1299200 9.84 105762 105762.00 105600.00 1:1 105600 -162
1518400 1 10.00 1518400 11.50 123606 123606.00 123200.00 1:1 123200 -406
1665600 1 10.00 1665600 12.61 135589 135589.00 136000.00 1:1 136000 411
3600000 2 20.00 7200000 54.51 586118 293059.00 292800.00 1:1 585600 -518
GRAND TOTAL 10 100.00 13208000 100.00 1075200 1075200 0

*There were 3 applications for 3,53,600 Equity Shares bided by Nil in QIB category hence, the said applications have been shifted to Nil Category and 1 application for 4,92,800 Equity Shares bided by QIB in Nil category hence, the said applications have been shifted to QIB Category

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

Category Fls/Banks MPs IC's Bodies Corporate AIF NBF FPC Total
QIB - - - - 515200 292800 267200 1075200

E. Allocation to Anchor Investors
Our Company in consultation with the BRLM have allocated 16,09,600 Equity Shares to 2 Anchor Investors (through 2 application) at the Anchor Investor Issue Price of Rs. 72/- per Equity Share in accordance with SEBI ICDR Regulations. This represents 59.95% of the QIB Portion after adjusting Lot size:

Category Fls/Banks MPs IC's Bodies Corporate AIF CBO FPC Total
Anchor - - - - - 7,08,800 9,00,800 16,09,600

The Board of Directors of the Company at its meeting held on May 22,2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been issued on May 22, 2018 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 SME Platform of the BSE Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before May 24,2018 subject to receipt of listing and trading approvals from BSE.

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
400083, Maharashtra, India
Tel:+91 022 49186200
Fax:+91 022 49186195
Email: innovators.ipo@linkintime.co.in
Investor grievance mail: innovators.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Date: May 22,2018
Place: Thane, Maharashtra
For Innovators Facade Systems Limited
On behalf of the Board of Directors

Sd/-
Radheshyam Sharma
Managing Director

Innovators Facade Systems 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 Innovators Facade Systems IPO .

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

Visit the Innovators Facade Systems IPO allotment status page to check the number of shares allocated to your application.

In Innovators Facade Systems 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 Innovators Facade Systems IPO basis of allotment document to know how the shares are allocated in Innovators Facade Systems IPO.