December 27, 2016 - December 30, 2016

Libas Designs IPO Basis of Allotment

LIBAS DESIGNS LIMITED

CIN: U18101MH2004PLC149489

Our Company was incorporated as 'Libas Designs Private Limited' under the provisions of the Companies Act, 1956 vide certificate of incorporation dated November 10, 2004 issued by Registrar of Companies, Mumbai, Maharashtra bearing registration No.149489. Further our Company was converted into a Public Limited Company and fresh Certificate of Incorporation consequent to conversion was issued on September 20,2016 by the Registrar of Companies, Mumbai, Maharashtra and consequently the name of our Company was changed to 'Libas Designs Limited'. The Corporate Identification Number of Our Company is U18101MH2004PLC149489. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 131 of this Prospectus.

Registered Office: Gala No. 55, Apaki Industrial Premises Co-operative Society Limited, Plot No. 246, Masrani Lane, Kurla (W),
Mumbai - 400070, Maharashtra, India.; Tel No: 91-22-23525145
Corporate Office: B-201, Duplex Heights Co-operative Society, Yamuna Nagar Andheri (W), Mumbai - 400053, Maharashtra, India,
Tel No.: +919594092800; E-mail: info@libas.co.in; Website: www.libasfashion.com; Contact Person: Mrs. Reshma Riyaz Ganji, Managing Director

PROMOTER OF THE COMPANY: MRS. RESHMA RIYAZ GANJI, MR. RIYAZ EQBAL GANJI AND MR. NISHANT MITRASEN MAHIMTURA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 20,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF LIBAS DESIGNS LIMITED ('LIBAS DESIGNS' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs. 68/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF Rs. 58/- PER EQUITY SHARE) AGGREGATING Rs. 1,360.00 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 1,04,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 18,96,000 EQUITY SHARES OF Rs. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.67% AND 25.28% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY. THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII - ISSUE INFORMATION' BEGINNING ON PAGE 216 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS RS. 68/-
THE ISSUE PRICE IS 6.80 TIMES THE FACE VALUE.
ISSUE OPENED ON: DECEMBER 27, 2016
ISSUE CLOSED ON: DECEMBER 30, 2016
PROPOSED LISTING: MONDAY, JANUARY 09, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ('NSE') in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated October 28,2016 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.

For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Monday, January 09, 2017.*

*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

All Applicants participated 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 1485 applications for 4406000 Equity Shares resulting in 2.20 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows: Details of the Applications Received (Before Technical Rejection):

Category	No. of Applications	% to Total	Number of Equity Shares	% to Total	Subscription (Times)
Market Maker	1	0.07	1,04,000	2.36	1
Retail Individual Investors	1,417	95.42	28,34,000	64.32	2.99
Other than Retail Individual Investors	67	4.51	14,68,000	33.32	1.55
TOTAL	1,485	100	44,06,000	100

The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical rejection)

Category	Number of Applications	Number of Equity Shares
Market Maker	0	0
Retail Individual Investors	24	48,000
Other than Retail Individual Investors	2	20,000
TOTAL	26	68,000

After eliminating technically rejected applications, the following tables give us Category wise net valid applications:

Category	No. Of Applications	% to Total	Issue Size (as per Prospectus)	Proportionate Issue Size (After rounding off)	No. Of Valid Shares applied	Subscription (Times)
Market Maker	1	0.07	1,04,000	1,04,000	1,04,000	1.00
Retail Individual Investors	1,393	95.48	9,48,000	12,48,000	27,86,000	2.94
Other than Retail Individual Investors	65	4.45	9,48,000	6,48,000	14,48,000	1.53
TOTAL	1,459	100	20,00,000	20,00,000	43,38,000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on January 04,2017.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 68/- 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 1,04,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, atthe issue price of Rs. 68/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 2.94 times. The total number of shares allotted in this category is 12,48,000 Equity Shares to 624 successful applicants.

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

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied in each category	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants RATI01	Ratio of Allottees to the Applicants RATIO 2	Number of Successful applicants (after rounding off)	Total No. Of Equity Shares allocated / allotted	No. of Shares Surplus / Deficit
2,000	1,393	100	27,86,000	100	12,48,000	895.91	2,000	624	1,393	624	12,48,000	0
Total	1,393	100	27,86,000	100	12,48,000	895.91	2,000	624	1,393	624	12,48,000	0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 68/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.53 times. The total number of shares allotted in this category is 648000 Equity Shares to 65 successful applicants. The Category-wise details of the Basis of Allotment are as under:

No. Of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied in each category	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants RATI0 1	Ratio of Allottees to the Applicants RATIO 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated / allotted	No. of Shares Surplus / Deficit
4,000	7	10.77	28,000	1.93	12,530	1,790.06	2,000	1	1	7	14,000	1,470
6,000	11	16.92	66,000	4.56	29,536	2,685.08	2,000	1	1	11	22,000	-7,536
8,000	13	20.00	1,04,000	7.18	46,541	3,580.11	4,000	1	1	13	52,000	5,459
10,000	8	12.31	80,000	5.52	35,801	4,475.14	4,000	1	1	8	32,000	-3,801
12,000	4	6.15	48,000	3.31	21,481	5,370.17	6,000	1	1	4	24,000	2,519
16,000	2	3.08	32,000	2.21	14,320	7,160.22	6,000	1	1	2	12,000	-2,320
							2,000	1	2		2,000	2,000
20,000	5	7.69	1,00,000	6.91	44,751	8,950.28	8,000	1	1	5	40,000	-4,751
							2,000	2	5		4,000	4,000
22,000	3	4.62	66,000	4.56	29,536	9,845.30	10,000	1	1	3	30,000	464
28,000	1	1.54	28,000	1.93	12,530	12,530.39	12,000	1	1	1	12,000	-530
30,000	4	6.15	1,20,000	8.29	53,702	13,425.41	14,000	1	1	4	56,000	2,298
36,000	1	1.54	36,000	2.49	16,110	16,110.50	16,000	1	1	1	16,000	-110
58,000	1	1.54	58,000	4.01	25,956	25,955.80	26,000	1	1	1	26,000	44
60,000	1	1.54	60,000	4.14	26,851	26,850.83	26,000	1	1	1	26,000	-851
62,000	1	1.54	62,000	4.28	27,746	27,745.86	28,000	1	1	1	28,000	254
74,000	1	1.54	74,000	5.11	33,116	33,116.02	34,000	1	1	1	34,000	884
1,92,000	1	1.54	1,92,000	13.26	85,923	85,922.65	86,000	1	1	1	86,000	77
2,94,000	1	1.54	2,94,000	20.30	1,31,570	1,31,569.06	1,32,000	1	1	1	1,32,000	430
Total	65	100	14,48,000	100	6,48,000					65	6,48,000	0

The Board of Directors of the Company at its meeting held on January 04,2017 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 CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before January 09,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to January 05, 2017. In case the same is not received within four working days, investors may contact Registrar atthe 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 NSE Emerge Platform within six working days from the date of the closure of the Issue.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated December 19,2016 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at 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 applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details atthe address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri East, Mumbai - 400072.
Tel: +91 22 40430200; Fax: +91 22 28475207
E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty; SEBI Registration No.: INR000001385

Date: January 04, 2017 Place: Mumbai	For LIBAS DESIGNS LIMITED On behalf of the Board of Directors Sd/- Managing Director

Libas Designs 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 Libas Designs IPO .

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

Visit the Libas Designs IPO allotment status page to check the number of shares allocated to your application.

In Libas Designs 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 Libas Designs IPO basis of allotment document to know how the shares are allocated in Libas Designs IPO.

Libas Designs IPO Basis of Allotment

Libas Designs IPO Basis of Allotment FAQs

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