August 14, 2013 - August 21, 2013

Kushal Tradelink IPO Basis of Allotment

KUSHAL TRADELINK LIMITED

Our Company was incorporated as Kushal Tradelink Private Limited on March 03, 2000 under the Companies Act, 1956, bearing Registration No. 037472 having its Registered Office in Ahmedabad, Gujarat. Subsequently, the Company became a Public Limited Company in pursuance to a special resolution passed by the members of our Company at the EGM held on January 15, 2013. A fresh Certificate of Incorporation consequent to change of. name as a result of conversion to a public limited company was issued on March 01, 2013 by the Registrar of Companies, Ahmedabad, Gujarat. For further details regarding the changes in our name and registered office, please see the chapter titled 'History and Certain Corporate Matters' beginning on page 98 of the Prospectus.

Registered Office: Plot No. 43, B/S Navneet Prakashan Press, B/H Govt 'G' Colony, Sukhramnagar, Gomtipur, Ahmedabad - 380023, Gujarat. Tel.: +91 -79-22772991 / 95;
Fax: +91 -79-22782670; Website: www.kushaltradelink.com; Company Secretary and Compliance Officer Ms. Khushboo Surana; Email: khushboo@kushaltradelink.com

PROMOTERS OF THE COMPANY: MR. SANDEEP AGRAWAL AND MR. MAHENDRA AGRAWAL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 79,28,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') OF KUSHAL TRADELINK LIMITED ('KTL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 35 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 2774.80 LACS ('THE ISSUE'), OF WHICH, 4,08,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE CHAPTER 'DEFINITIONS AND ABBREVIATIONS') (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.e. ISSUE OF 75,20,000 EQUITY SHARES OFRS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.41% AND 31.69%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET OFFER OF 75,20,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.

This being a Fixed Price Issue, the allocation In the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time.

THE FACE VALUE OP OUR EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS RS. 35/- EACH AND THE ISSUE PRICE IS 3.5 TIMES OF THE FACE VALUE. ISSUE OPENED ON AUGUST 14, 2013 AND CLOSED ON AUGUST 21, 2013.

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated April 30,2013 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before September 04, 2013.*

*Subject to receipt of listing and trading approvals from the BSE Limited.
This being a Fixed Price Issue, the allocation in the Net Offer to the Public category shall be made as Reg. 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors. The balance Net Offer 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. The unsubscribed portion of the Net Offer to any one of the categories specified above shall/may be made available for allocation to Applicants in the other category, if so required. 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 Net Issue has received 328 applications for 94,84,000 Equity Shares resulting in 1.20 times subscription. The details of the applications received in the Net Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	4,08,000	1.00
Retail Individual Applicant	204	8,16,000	0.22
Non - Retail Individual Applicant	123	82,60,000	2.20
Total	328	94,84,000	1.20

Detail of the Applications Received (After Technical Rejection)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	4,08,000	1.00
Retail Individual Applicant	194	7,76,000	0.21
Non - Retail Individual Applicant	118	81,20,000	2.16
Total	313	93,04,000	1.17

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was under-subscription of 29,84,000 Equity Shares in Retail Category & over-subscription, of 43,60,00 Equity Shares in Non - Retail Category. The unsubscribed portion of Retail Category i.e. 29,84,000 Equity Shares has been added to the Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - B6E Limited on August 28, 2013.

A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of 135/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 4,08,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category Wise)	No. of Application Received	% to Total	Total No. of Shares Applied In Each Cateaorv	% to Total	Allocation per Applicant		Ratio of Allottees to the Applicant	Total No. of Shares Allotted
No. of Shares Applied for (Category Wise)	No. of Application Received	% to Total	Total No. of Shares Applied In Each Cateaorv	% to Total	Before Rounding Off	After Rounding Off	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
4,08,000	1	100.00	4,08,000	100.00	4,08,000	4,08,000	1:1	4,08,000
Total	1	100.00	4,08,000	100.00				4,08,000

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 35/- per Equity Share, was finalised In consultation with BSE. The total number of shares allocated in this category is 7,76,000 Equity Shares. The category was subscribed by 0.21 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category Wise)	No. of Application Received	% to Total	Total No. of Shares Applied in Each Category	% to Total	Allocation per Applicant		Ratio of Allottees to the Applicant	Total No. of Shares Allotted
No. of Shares Applied for (Category Wise)	No. of Application Received	% to Total	Total No. of Shares Applied in Each Category	% to Total	Before Rounding Off	After Rounding Off	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
4,000	194	100.00	7,76,000	100.00	4,000	4,000	1:1	7,76,000
Total	194	100.00	7,76,000	100.00				7,76,000

C) Allocation to Non - Retails Individual Investors (After Technical Rejections): The Basis of Allotment to the Non - Retail Individual Investors, at the issue price of Rs. 35/- per Equity Share, was finalised in consultation with BSE. The total number of shares allocated in this category is 67,44,000 Equity Shares (including un-subscribed portion of 29,84,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.79 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category Wise)	No. of Application Received	% to Total	Total No. of Shares Applied in Each Category	% to Total	Allocation per Applicant	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
8,000	24	20.34	1,92,000	2.36	8,000	1:1	1,92,000
12,000	27	22.88	3,24,000	3.99	8,000	1:1	2,16,000
12,000	(Lottery System - Serial No. of Qualifying Applicants is 1, 2, 4 & 9)				4,000	4:9	48,000
16,000	35	29.66	5,60,000	6.90	12,000	1:1	4,20,000
16,000	(Lottery System - Serial No. of Qualifying Applicants is 1, 3, 7, 11, 17, 22, 24, 27 & 29)				4,000	9:35	36,000
20,000	10	8.47	2,00,000	2.46	16,000	1:1	1,60,000
32,000	1	0.85	32,000	0.39	28,000	1:1	28,000
40,000	1	0.85	40,000	0.49	32,000	1:1	32,000
48,000	1	0.85	48,000	0.59	40,500	1:1	40,000
52,000	1	0.85	52,000	0.64	44,000	1:1	44,000
60,000	1	0.85	60,000	0.74	48,000	1:1	48,000
64,000	1	0.85	64,000	0.79	52,000	1:1	52,000
84,000	5	4.24	4,20,000	5.17	68,000	1:1	3,40,000
2,84,000	2	1.69	5,68,000	7.00	2,36,000	1:1	4,72,000
4,20,000	1	0.85	4,20,000	5.17	3,48,000	1:1	3,48,000
4,32,000	1	0.85	4,32,000	5.32	3,60,000	1:1	3,60,000
4,84,000	1	0.85	4,84,000	5.96	4,00,000	1:1	4,00,000
5,36,000	1	0.85	5,36,000	6.60	4,44,000	1:1	4,44,000
5,60,000	1	0.85	5,60,000	6.90	4,64,000	1:1	4,64,000
5,68,000	1	0.85	5,68,000	7.00	4,72,000	1:1	4,72,000
7,36,000	1	0.85	7,36,000	9.06	6,12,000	1:1	6,12,000
8,84,000	1	0.85	8,84,000	10.89	7,36,000	1:1	7,36,000
9,40,000	1	0.85	9,40,000	11.58	7,80,000	1:1	7,80,000
Total	118	100.00	81,20,000	100.00			67,44,000

The Board of Directors of the Company at its meeting held on August 29, 2013 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund Advices and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Refunds have been made through ECS, Direct Credit, RTGS and NEFT, into the Bank Accounts of the applicants, as registered with the depositories on or before August 31, 2013. Further, the instructions to Self Certified Syndicate Banks have been processed on or before August 31, 2013. For other applicants Refund Orders have been dispatched to their address as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The Refund Advices are accompanied with Demand Drafts which have been over-printed with the bank account details as registered, if any, with the depositories. The Equity Shares allotted to successful applicants have been 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 the SME Platform of BSE Limited within 12 working days from the Closure of the Issue. Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 06, 2013 ('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: http://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 Contact Person: Mr. Ashok Shetty; E-2/3, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E), Mumbai - 400 072. Tel: +91-22-4043 2000; Fax: +91 -22-2847 5207; Email: ipo@bigshareonline.com; Investor Grievance Email: investor@bigshareonline.com; Website: www.bigshareonline.com

Place: Ahmedabad Date: August 31, 2013	For KUSHAL TRADELINK LIMITED On behalf of the Board of Directors Sd/- Managing Director

Kushal Tradelink 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 Kushal Tradelink IPO .

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

Visit the Kushal Tradelink IPO allotment status page to check the number of shares allocated to your application.

In Kushal Tradelink 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 Kushal Tradelink IPO basis of allotment document to know how the shares are allocated in Kushal Tradelink IPO.

Kushal Tradelink IPO Basis of Allotment

Kushal Tradelink IPO Basis of Allotment FAQs

How shares are allotted in Kushal Tradelink IPO?

What is Kushal Tradelink IPO basis of allotment status?

What is Kushal Tradelink IPO allotment process?

Read more about Kushal Tradelink IPO