Jakharia Fabric IPO Basis of Allotment

(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT. NOT FOR DISTRIBUTION OUTSIDE INDIA.)

JAKHARIA FABRIC LIMITED
CIN: U17200MH2007PLC171939

Our Company was Incorporated as Jakharia Fabric Private Limited on June 22, 2007, under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 171939. The status of our Company was changed to a public limited company and the name of our Company was changed to Jakharia Fabric Limited by a special resolution passed on April 20, 2018. A fresh certificate of incorporation consequent to the conversion was granted to our Company on April 27, 2018, by the Registrar of Companies, Mumbai. For further details, pertaining to the change of name of our Company and the change in registered office, please refer the chapter 'History and Certain Corporate Matters' beginning on page no. 95 of the Prospectus.

Registered Office: Office No. 1224, Deoji Nagar, Narpoli Village, Bhiwandi, Thane - 421 302, Maharashtra
Tel No.: +91-25- 2227 8892 | Email: info@jakhariafabric.com | Website: www.jakhariafabric.com
Contact Person: Mr. Bhavin Waghela, Company Secretary and Compliance Officer.

PROMOTERS OF THE COMPANY: MR. JIGNESH SHAH, MR. NITIN SHAH AND MR. DIXIT SHAH

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 10,92,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF JAKHARIA FABRIC LIMITED ('JFL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS 180 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 1,965.50 LAKHS ('THE ISSUE'), OF WHICH 60,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,32,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.87% AND 25.39%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS 10 AND THE ISSUE PRICE IS 18.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: FRIDAY, JUNE 29, 2018 AND ISSUE CLOSED ON: TUESDAY, JULY 03, 2018.

The Equity Shares of the Company are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE'). Our Company has received an approval from NSE for the listing of the Equity Shares pursuant to letter dated June 01, 2018. NSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on July 11, 2018 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited).

The Issue is being made through the Fixed Price process, 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 Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of 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. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. 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').

The Net Issue has received 465 applications for 11,15,200 Equity Shares resulting in 1.07 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

Note: The Issue also includes 60,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal.

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 81,600 Equity Shares in Non - Retail Category & under subscription 2,16,000 Equity Shares in Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on July 06, 2018.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of RS 180 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 60,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of RS 180 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 3,00,000 Equity Shares. The category was subscribed by 0.58 times. The category-wise details of the Basis of Allotment are as under:

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of RS 180 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 7,32,000 Equity Shares (including un-subscribed portion of 2,16,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.11 times. The category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on July 07, 2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the 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 or before July 10, 2018 for unblocking of funds. The Equity Shares allotted 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 6 working days from the Closure of the Issue.
The trading is proposed to be commenced on July 11, 2018, subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 21, 2018 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.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:

BIGSHARE SERVICES PRIVATE LIMITED
1 st floor, Bharat Tin works Building, Opposite Vasant Oasis, Marol Maroshi Road,
Marol, Andheri (East), Mumbai - 400059.
Tel: +91 - 22 - 6263 8200 | Fax: +91 - 22 - 6263 8299
Email: ipo@bigshareonline.com | Website: www.bigshareonline.com
Contact Person: Mr. Nilesh Chakle | SEBI Registration No.: INR000001385

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF JAKHARIA FABRIC LIMITED.

JAKHARIA FABRIC LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus shall be available on the websites of the Company, the NSE and the Lead Manager at www.jakhariafabric.com, www.nseindia.com and www.afsl.co.in respectively. Applicants should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled 'Risk Factors' beginning on page no. 10 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the 'U.S. Securities Act'), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold (i) within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U.S. Securities Act) pursuant to Rule 144A under the U.S. Securities Act and (ii) outside the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur.