September 28, 2017 - October 3, 2017

Jash Engineering IPO Basis of Allotment

JASH ENGINEERING LIMITED

CIN: U28910MP1973PLC001226

Our Company was incorporated as Jash Engineering Industries Private Limited under the provisions of Companies Act 1956 vide Certificate of Incorporation dated September 29,1973 at Indore. Subsequently, the name of the Company was changed to Jash Engineering Private Limited vide Certificate of Incorporation dated January 29,1976 in Indore. In furtherance to this, the name of the Company was changed to Jash Engineering Limited pursuant to section 23 of the Companies Act, 1956 and the special resolution passed by the members of the Company at its Extra-Ordinary General Meeting held on July 15,1994. A fresh certificate of incorporation consequent to change of name was issued to the Company stating the new name Jash Engineering Limited. The corporate identity number of the Company is U28910MP1973PLC001226. For details of Incorporation, Change in the Name and Registered Office of our Company please refer to chapters titled 'General Information' and 'History and Certain Other Corporate Matters' beginning on pages 57 and 161 of the Prospectus.

Registered Office: 31, Sector-C, Sanwer Road, Industrial Area, Indore - 452015, Madhya Pradesh.
Tel. No.: +91-731-6732700; Fax No.: +91-731-2720499; E-mail: info@jashindia.com; Website: www.jashindia.com;
Contact Person: Mr. Tushar Kharpade, Company Secretary & Compliance Officer

PROMOTERS OF OUR COMPANY: MR. LAXMINANDAN AMIN, MR. PRATIK PATEL,
MS. BHAIRAVI PATEL AND MR. HARSH PATEL

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 40,00,800 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUFTY SHARES') OF JASH ENGINEERING LIMITED (OUR 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 120 PER EQUFTY SHARE INCLUDING A SHARE PREMIUM OF RS 110 PER EQUTTY SHARE (THE 'OFFER PRICE'), AGGREGATING TO RS 4800.96 LAKH (THE 'OFFER') COMPRISING OF A FRESH ISSUE OF 22,61,198 EQUITY SHARES BY OUR COMPANY AGGREGATING TO RS 2713.43 LAKH (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 17,39,602 EQUITY SHARES AGGREGATING TO RS 2087.52 LAKH BY PRAGATI INDIA FUND LIMITED, (THE 'SELLING SHAREHOLDER') ('OFFER FOR SALE') AND TOGETHER WITH FRESH ISSUE ('THE OFFER'). THE OFFER COMPRISES OF 2,00,400 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 120 PER EQUITY AGGREGATING UP TO RS 240.48 LAKHS IS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. 38,00,400 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 120 PER EQUTTY SHARE, AGGREGATING RS 4560.48 LAKH IS HEREIN AFTER REFERRED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 33.80% AND 32.11%, RESPECTIVELY OF THE POST OFFER 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. Mr. Laxminandan Amin is Rs 15.39, Mr. Pratik Patel is Rs 18.06, Mrs. Bhairavi Patel is Rs 19.73 and Mr. Harsh Patel is NIL. In terms of Prospectus dated October 04,2017 and as per SEBI (ICDR) Regulations, 2009 wherein
A. Minimum of 50% of Net Issue shall be allocated to QIBs.
B. 35% of the Net Issue shall be allocated to Retail Individual Investors.
C. 15% Non-Institutional Investors respectively.
All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter 'Offer Procedure' on page 405 of the Prospectus.

THE OFFER 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'). For further details please refer the section titled 'Offer Information' beginning on page 389 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH.
THE OFFER PRICE OF RS 120.00 IS 12.00 TIMES THE FACE VALUE OF THE EQUITY SHARES

OFFER OPENED ON THURSDAY, SEPTEMBER 28, 2017 AND CLOSED ON TUESDAY.OCTOBER 03,2017
PROPOSED LISTING:OCTOBER 11,2017*

The Equity Shares of the Company offered through the Prospectus are proposed to be listed on EMERGE Platform of National Stock Exchange of India Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, the Company has received an in-principal approval letter dated September 15,2017 from National Stock Exchange of India Limited for using its name in the Offer Document for listing of its shares on EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Offer, EMERGE Platform of National Stock Exchange of India imited shall be the Designated Stock Exchange.
'Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
All Applicants were allowed to participate 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').

SUBSCRIPTION DETAILS

The Offer has received 2,449 applications for 18,886,800 Equity Shares resulting in 4.80 times subscription (including reserved portion of Market Maker). The details of the applications received in the Offer (before technical rejections) are as follows:
The details of the Applications Received (Before Technical Rejection):

Category	No. of applicants	No. of equity shares	Subscription (Times)
Qualified Institutional Buyers	10	5,128,800	2.6999
Retail	2,356	2,827,200	2.1244
Other than Retail Individual Investor	82	10,730,400	18.8253
Market Maker	1	200,400	1.0000
Total	2,449	18,886,800	4.7208

Fina Demand:

Sr. No	Rate	Shares	% to Total	Cumulative Total	Cumulative % To Total
1	115	8,400	0.04	8,400	0.04
2	116	2,400	0.01	10,800	0.06
3	117	1,200	0.01	12,000	0.06
4	120	17,365,200	90.44	17,377,200	90.50
5	9,999	1,824,000	9.50	19,201,200	100.00
	Total	19,201,200	100.00

The details of applications rejected by the Registrar on technical grounds are detailed below:
a) Retail Individual Applicants:-

Sr. No	Particulars	No. of Applications	Shares
1	Below Discover Price	3	3,600
2	Applications With Pan Mismatch (Depo V/S Bid)	12	14,400
3	Multiple Applications - Common Pan	4	4,800
4	Applications with invalid Demat Account	6	7,200
5	Applications From Suspended/Closed Demat A/C	2	2,400
	Total	27	32,400

b) Non-Institutional Applicants:-

Sr. No	Particulars	No. of Applications	Shares
1	Below Discover Price	1	2,400
	Total	1	2,400

c) Market Maker Portion - Nil
d) Qualified Institutional Buyers - Nil
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October 06,2017.
A. Allocation to QIB (After Technical Rejections): The category was subscribed by 2.70 times. The total number of shares allotted in this category is 18,99,600 Equity Shares. The Category-wise details of the Basis of Allotment are as under:

Sr. No	Category	No. of Applications Received	% of Total	Total No. of Equity Shares Applied	% to Total	No. of Equity Shares Allotted per Bidder	Ratio	Total No. of Equity Shares Allotted
1	54,000	1	10.00	54,000	1.05	20,400	1:1	20,400
2	165,600	1	10.00	165,600	3.23	61,200	1:1	61,200
3	208,800	1	10.00	208,800	4.07	76,800	1:1	76,800
4	249,600	1	10.00	249,600	4.87	92,400	1:1	92,400
5	288,000	1	10.00	288,000	5.62	106,800	1:1	106,800
6	604,800	1	10.00	604,800	11.79	224,400	1:1	224,400
7	690,000	1	10.00	690,000	13.45	255,600	1:1	255,600
8	800,400	1	10.00	800,400	15.61	296,400	1:1	296,400
9	888,000	1	10.00	888,000	17.31	328,800	1:1	328,800
10	1,179,600	1	10.00	1,179,600	23.00	436,800	1:1	436,800

B. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the Offer price of Rs120/- 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 2,00,400 Equity Shares in full out of reserved person of 2,00,400 Equity shares.
C. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the Offer price of Rs 120/- per Equity Share, was finalized in consultation with NSE.The category was subscribed by 2.12 times. The total number of shares allotted in this category is 13.30.800 Equity Shares. The Category-wise details of the Basis of Allotment are as under:

Sr. No	Category	No. of Applications Received	% of Total	Total No. of Equity Shares Applied	% to Total	No. of Equity Shares Allotted per Bidder	Ratio	Total No. of Equity Shares Allotted
1	1,200	2,329	100.00	2,794,800	100.00	1,200	10:21	1,330,800
		2,329	100.00	2,794,800	100.00			1,330,800

D. Allocation to Other than Retail Investors (After Technical Rejections): The Basis of Allotment to the other than Retail Individual Investors, at the Offer price of Rs 120/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 18.82 times. The total number of shares allotted in this category is 5,70,000 Equity Shares. The Category-wise details of the Basis of Allotment are as under:

Sr. No	Category	No. of Applications Received	% of Total	Total No. of Equity Shares Applied	% to Total	No. of Equity Shares Allotted per Bidder	Ratio	Total No. of Equity Shares Allotted
1	2,400	7	8.64	16,800	0.16	1,200	1:7	1,200
2	3,600	1	1.23	3,600	0.03	1,200	1:1	1,200
3	4,800	1	1.23	4,800	0.04	1,200	1:1	1,200
4	6,000	6	7.41	36,000	0.34	1,200	1:6	1,200
5	7,200	2	2.47	14,400	0.13	1,200	1:2	1,200
6	8,400	3	3.70	25,200	0.23	1,200	1:3	1,200
7	9,600	1	1.23	9,600	0.09	1,200	1:1	1,200
8	12,000	4	4.94	48,000	0.45	1,200	1:2	2,400
9	14,400	1	123	14,400	0.13	1,200	1:1	1,200
10	15,600	1	1.23	15,600	0.15	1,200	1:1	1,200
11	18,000	3	3.70	54,000	0.50	1,200	2:3	2,400
12	20,400	3	3.70	61,200	0.57	1,200	1:1	3,600
13	21,600	1	1.23	21,600	0.20	1,200	1:1	1,200
14	25,200	1	1.23	25,200	0.23	1,200	1:1	1,200
15	26,400	1	1.23	26,400	0.25	1,200	1:1	1,200
16	33,600	1	1.23	33,600	0.31	1,200	1:1	1,200
17	37,200	1	1.23	37,200	0.35	2,400	1:1	2,400
18	40,800	4	4.94	163,200	1.52	1,200	1:1	4,800
19	1200 additional share is allotted for Serial no. 18 in the ratio of 3:4					1,200	3:4	3,600
20	42,000	4	4.94	168,000	1.57	2,400	1:1	9,600
21	49,200	1	1.23	49,200	0.46	2,400	1:1	2,400
22	62,400	2	2.47	124,800	1.16	2,400	1:1	4,800
23	1200 additional share is allotted for Serial no. 21 in the ratio of 1:2					1,200	1:2	1,200
24	82,800	2	2.47	165,600	1.54	3,600	1:1	7,200
25	1200 additional share is allotted for Serial no. 22 in the ratio of 1:2					1,200	1:2	1,200
26	84,000	1	1.23	84,000	0.78	4,800	1:1	4,800
27	124,800	1	1.23	124,800	1.16	7,200	1:1	7,200
28	166,800	1	1.23	166,800	1.55	8,400	1:1	8,400
29	207,600	3	3.7	622,800	5.81	10,800	1:1	32,400
30	210,000	1	1.23	210,000	1.96	10,800	1:1	10,800
31	312,000	2	2.47	624,000	5.82	15,600	1:1	31,200
32	1200 additional share is allotted for Serial no. 28 in the ratio of 1:2					1,200	1:2	1,200
33	332,400	17	20.99	5,650,800	52.67	16,800	1:1	285,600
34	1200 additional share is allotted for Serial no. 29 in the ratio of 13:17					1,200	13:17	15,600
35	416,400	1	1.23	416,400	3.88	21,600	1:1	21,600
36	570,000	3	3.7	1,710,000	15.94	30,000	1:1	90,000
	Total	81	100	10,728,000	100			570,000

The IPO Committee of the Company at its meeting held on October 07,2017 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 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 Self Certified Syndicate Banks shall be issued on to October 07,2017 for unblocking of funds. 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 Emerge Platform of NSE within six working days from the date of the closure of the Offer.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated October 04,2017.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Offer, LINKINTIME INDIA PRIVATE LIMITED at www.linkintime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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:

LINKINTIME INDIA PRIVATE LIMITED
C-101,247 Park, LBS Marg, Vikhroli West, Mumbai - 400 083, Maharashtra.
Tel.: +91 22 4918 6200; Fax: +9122 4918 6195 Email: jash.ipo@linkintime.co.in; Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan; SEBI Registration Number: INR000004058

Date : October 09,2017 Place : Indore	For JASH ENGINEERING LIMTTED On behalf of the Board of Directors Sd/- Managing Director

Jash Engineering 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 Jash Engineering IPO .

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

Visit the Jash Engineering IPO allotment status page to check the number of shares allocated to your application.

In Jash Engineering 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 Jash Engineering IPO basis of allotment document to know how the shares are allocated in Jash Engineering IPO.

Jash Engineering IPO Basis of Allotment

Jash Engineering IPO Basis of Allotment FAQs

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