March 19, 2013 - March 21, 2013

Lakhotia Polyesters IPO Basis of Allotment

LAKHOTIA POLYESTERS (INDIA) LIMITED

Our Company was originally incorporated with the Registrar ot Companies, Mumbai, Maharashtra, on August 5, 2005 as Lakhotia Polyesters (India) Private Limited. Pursuant to shareholders Resolution dated July 25, 2012 the Company was converted into Public Limited Company and the name was changed to Lakhotia Polyesters (India) Limited. For details of the changes in our name and Registered Office, refer 'History and Certain Corporate Matters' on page 87 of the Prospectus. A copy of the Prospectus has been delivered to the office of the Registrar of Companies, Mumbai.

Registered Office: 158/159 Samaratha Sahkari Audyogik Vasahat Ltd., Pimpal- Gaon (Baswant), Tal.- Niphad, Nashik - 422209, Maharashtra, India
Tel: +91 - 2550 - 252300; Fax: +91 - 2550 - 252300; Email: info@iakhotiapoly.in; Website: www.lakhotiapoly.in; Contact Person: Mr. Vivek Vijay
PROMOTERS OF THE COMPANY: MR.MADHUSUDAN LAKHOTIA, MRS. JAYSHREE LAKHOTIA,
MR. SHYAMSUNDER LAKHOTIA, MRS. KANCHANDEVI LAKHOTIA, MR. DHANRAJ LAKHOTIA AND SHYAMSUNDER LAKHOTIA (HUF)

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 14,52,000 EQUITY SHARES OF RS.10/- EACH ('EQUITY SHARES') OF LAKHOTIA POLYESTERS (INDIA) LIMITED ('LPIL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT PRICE OF RS.35/- PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 508.20 LACS ('THE ISSUE'), OF WHICH, 2,20,000 EQUITY SHARES OF RS.10/- EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE PROSPECTUS) (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 12,32,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 38.82% AND 32.93% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

This being a Fixed Price Issue and in terms of Prospectus dated March 14, 2013 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the Public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall / may be made available for allocation in any other category, if so required.
Explanation: For the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF OUR EQUITY SHARES IS RS.10/- EACH. THE ISSUE PRICE OF EQUITY SHARES IS RS.35 EACH. THE ISSUE PRICE IS 3.50 TIMES OF THE FACE VALUE. ISSUE OPENED ON MARCH 19,2013 AND CLOSED ON MARCH 21,2013.

The Equity Shares offered through the Prospectus 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, Company is not required to obtain an in-principle listing approval of the shares being offered in this Issue. However, our Company has received an approval via letter dated March 13,2013 from BSE for using its name in the offer document for listing of our Shares on the SME Platform of BSE. The designated stock exchange is BSE Limited ('BSE').
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 Issue has received 191 applications for 1864000 Equity Shares resulting in 1.28 times subscription (including reserved portion of Market Makers). The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

CATEGORY	NO. OF APPLICATIONS	NO. OF EQUITY SHARES	SUBSCRIPTION
Market Makers	2	220000	1.00
Other than Retail Individual Investors	7	916000	1.49
Retail Individual Investors	182	728000	1.18
Total	191	1864000	1.28

The details of applications rejected by the Registrar on technical grounds (including withdrawals) are detailed

CATEGORY	NO. OF APPLICATIONS	NO. OF EQUITY SHARES
Market Makers	-	-
Other than Retail Individual Investors	-	-
Retail Individual Investors	2	8000
Total	2	8000

Detail of the Application Received (After Technical Rejection & withdrawal):

CATEGORY	NO. OF APPLICATIONS	NO. OF EQUITY SHARES	SUBSCRIPTION
Market Makers	2	220000	1.00
Other than Retail Individual Investors	7	916000	1.49
Retail Individual Investors	180	720000	1.17
Total	189	1856000	1.28

ALLOCATION: The Basis of allotment was finalized in constitution with the Designated Stock Exchange - BSE Limited on March 28,2013.

A) Allocation to Marker Makers (After Technical Rejections & withdrawal): The Basis of Allotment to the Market Makers, at the issue price of Rs.35/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 220000 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.ot Shares Applied in Each Category	% of Total	Proportionate Shares Available	Allocation Per Applicant Before Rounding Off	Allocation Per Applicant After Rounding Oft	Ratio of Allotees to Applicants	Total No.of Shares Alloted	Surplus/ Deficit
16000	1	50.00	16000	7.27	16000	16000	16000	1:1	16000	0
204000	1	50.00	204000	92.73	204000	204000	204000	1:1	204000	0
TOTAL	2	100.00	220000	100.00	220000				220000	0

B) Allocation to Retail Individual Investors (After Technical Rejections & withdrawal): 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 category was subscribed by 1.17 times. The total number of shares allotted in this category is 616000 Equity Shares as against 616000 Equity Shares reserved for allocation to Retail Individual Investors Category. 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	% of Total	Proportionate Shares Available	Allocation Per Applicant Before Rounding Off	Allocation Per Applicant After Rounding Off	Ratio of Allotees to Applicants	Total No.of Shares Alloted	Surplus/ Deficit
4000	180	100.00	720000	100.00	616000	3422.22	4000	6:7	616000	0
TOTAL	180	100.00	720000	100.00	616000				616000	0

C) Allocation to other than Retail Individual Investors (After Technical Rejections & withdrawal): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs.35/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.49 times. The total number of shares allotted in this category is 616000 Equity Shares as against 616000 Equity Shares reserved for allocation to Other than Retail Individual Investors Category. 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	% of Total	Proportionate Shares Available	Allocation Per Applicant Before Rounding Off	Allocation Per Applicant After Rounding Oft	Ratio of Allotees to Applicants	Total No. of Shares Alloted	Surplus/ Deficit
12000	1	14.29	12000	1.31	8069.87	8069.87	8000	1:1	8000	70
68000	1	14.29	68000	7.42	45729.26	45729.26	48000	1:1	48000	-2271
88000	1	14.29	88000	9.61	59179.04	59179.04	60000	1:1	60000	-821
100000	1	14.29	100000	10.92	67248.91	67248.91	68000	1:1	68000	-751
156000	1	14.29	156000	17.03	104908.30	104908.30	104000	1:1	104000	908
204000	1	14.29	204000	22.27	137187.77	137187.77	136000	1:1	136000	1188
288000	1	14.29	288000	31.44	193676.86	193676.86	192000	1:1	192000	1677
TOTAL	7	100.00	916000	100.00	616000.00				616000	0

The Board of Directors of the Company at its meeting held on March 28,2013 has taken on record the Basis of Allocation of Equity Shares 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 Order and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on or before April 02, 2013. Further, the instructions to Self Certified Syndicate Banks have been processed on or prior to April 02, 2013. Refunds have been made through Direct Credit and NEFT into the Bank Accounts of the applicants, as registered with the depositories. 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 working day, investors may contact at the address given below. 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.The trading Is proposed to be commenced with effect from April 04,2013, subject to reciept of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE:
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Sharex Dynamic (India) Private Limited at Website: www.stiarexindla.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:

Sharex Dynamic (India) Private Limited
Unit No.1, Luthra Indl. Premises, Andheri Kurla Road, Safed Pool, Andheri (E), Mumbai 400 072, Maharashtra, India.
Tel: +91 - 22 - 2851 5606/5644; Fax: +91 - 22 - 2851 2885; Website: www.sharexindia.com
Investor Grievance ID: lakhotia.ipo@sharexindia.in; Contact Person: Mr. K. C. Ajit Kumar

Place: Nashik Date: April 02,2013	For Lakhotia Polyesters (India) Limited On behalf of Board of Directors Sd/- Managing Director

Lakhotia Polyesters 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 Lakhotia Polyesters IPO .

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

Visit the Lakhotia Polyesters IPO allotment status page to check the number of shares allocated to your application.

In Lakhotia Polyesters 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 Lakhotia Polyesters IPO basis of allotment document to know how the shares are allocated in Lakhotia Polyesters IPO.

Lakhotia Polyesters IPO Basis of Allotment

Lakhotia Polyesters IPO Basis of Allotment FAQs

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