January 31, 2018 - February 6, 2018

Lorenzini Apparels IPO Basis of Allotment

LORENZINI APPARELS LIMITED
Corporate Identification Number: U17120DL2007PLC163192

Our Company was originally incorporated as Lorenzini Apparels Private Limited at National Capital Territory of Delhi and Haryana as a Private Limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation dated May 09, 2007 bearing registration number 163192 issued by Assistant Registrar of Companies, Delhi. Subsequently our Company was converted into a Public Limited Company pursuant to special resolution passed by the shareholders at the Extraordinary General Meeting held on March 15, 2017 and fresh certificate of incorporation consequently upon change of name was issued by Assistant Registrar of Companies, Delhi dated March 30, 2017 and name of our Company was changed to Lorenzini Apparels Limited. For Further details of changes of name and registered office of our Company, please refer to the chapter titled 'History and Certain Other Corporate Matters' beginning on page 80 of the Prospectus.

Registered and Corporate Office: TA 168 & 187 Ground Floor, Gali No. 2, Tuglakabad Extn, New Delhi-110019, India.
Tel No.: 011-40504731; Fax No.: Not Available; Email: cs@mymonteil.com; Website: www.mymonteil.com
Contact Person: Laveena Jain, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: SANDEEP JAIN AND DEEPIKA JAIN

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 44,70,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ('EQUITY SHARES') OF LORENZINI APPARELS LIMITED ('THE COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 10/- PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 447.00 LAKHS ('THE ISSUE'), OF WHICH 2,30,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- FOR CASH AT A PRICE OF RS. 10/- EACH AGGREGATING TO 23.00 LAKHS 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 42,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 10/-PER EQUITY SHARE, AGGREGATING TO RS. 424.00 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 44.09% AND 41.82%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated January 22, 2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein

(a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
(b) the balance net offer of shares to the public shall be made available for allotment to:
(i) individual applicants other than retail investors and
(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.
(c) 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 individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All Investors have participated in this offer through ASBA process. For details in this regard, specific attention is invited to chapter 'Issue Procedure' on page 164 of the Prospectus.

FACE VALUE OF THE EQUITY SHARE IS RS. 10 EACH AND THE ISSUE PRICE RS. 10.00 IS
1.00 TIMES OF THE FACE VALUE OF THE EQUITY SHARES

ISSUE
OPENED ON: WEDNESDAY, JANUARY 31,2018

CLOSED ON: TUESDAY, FEBRUARY 06, 2018

Listing: - The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE SME'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received an approval letter dated January 22,2018 from BSE for using its name in the offer Document for listing of our Shares on SME Platform of BSE. The Designated Stock Exchange is SME Platform of BSE Limited (BSE SME). The trading is proposed to commence on or before February 15, 2018*.

*subject to receipt of listing and trading approvals from BSE Limited.

All Applicant 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 411 applications for 72,70,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 2,30,000 Equity Shares) resulting 1.63 times subscription. After considering, Technical Rejection cases, the issue was subscribed 1.04 times (including the Market Maker Portion). The details of application received (Before Technical Rejection)

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES SUBSCRIPTION

Market Maker 1 2,30,000 1

Other than Retail Individual Investors 20 27,90,000 4.57

Retail Individual Investors 390 42,50,000 1.17

TOTAL 411 72,70,000 1.63

The details of bids not banked

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES

Other than Retail Individual Investors 4 19,50,000

Retail Individual Investors 30 3,00,000

TOTAL 34 22,50,000

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES

Market Maker 0 0

Other than Retail Individual Investors 3 2,00,000

Retail Individual Investors 16 1,70,000

TOTAL 19 3,70,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES SUBSCRIPTION

Market Makers 1 2,30,000 1

Other than Retail Individual Investors 13 6,40,000 1.05

Retail Individual Investors 344 37,80,000 1.04

TOTAL 358 46,50,000 1.04

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on February 09,2018

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 10/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 1 times. The total number of shares allotted in this category is 2,30,000 Equity Shares in full out of reserved portion of 2,30,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotmentto the Retail Individual Investors, at the issue price of Rs. 10/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 1.04 times. Total number of shares allotted in this category is 36,30,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares
Applied for
(Category wise) No. of
Applications
received % to
total Total No. of
Equity Shares
applied % to
total Proportionate
Shares
Available Allocation per
Applicant
(Before
Rounding Off) Allocation per
Applicant
(After
Rounding Off) Ratio of
Allottees to
the Applicants Total No.
of Equity
Shares allotted Surplus/
(Deficit)

10,000 310 90.12 31,00,000 82.01 31,00,000 10,000 10,000 1:1 31,00,000 0

20,000 34 9.88 6,80,000 17.99 5,30,000 15,588.24 10,000 1:1 3,40,000 1,90,000

20,000 10,000 19:34 19,00,000 -1,90,000

Total 344 100.00 37,80,000 100.00 36,30,000 36,30,000 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 10/- per Equity Share, was finalized in consultation with BSE SME. The category was subscribed by 1.05 times. Total number of shares allotted in this category is 6,10,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares
Applied for
(Category wise) No. of
Applications
received % to
total Total No.
of Equity
Shares applied % to
total Proportionate
Shares
Available Allocation per
Applicant
(Before
Rounding Off) Allocation per
Applicant
(After
Rounding Off) Ratio of
Allottees to
the Applicants Total No.
of Equity
Shares allotted Surplus/
(Deficit)

30,000 6 46.15 1,80,000 28.13 1,71,563 28593.75 20,000 1:1 1,20,000 51,563

30,000 10,000 5:6 50,000 -50,000

40,000 1 7.69 40,000 6.25 38,125 38,125.00 40,000 1:1 40,000 -1875

50,000 2 15.38 1,00,000 15.63 95,313 47,656.25 40,000 1:1 80,000 15,313

50,000 10,000 1:2 10,000 -10,000

60,000 1 7.69 60,000 9.38 57,188 57,187.50 60,000 1:1 60,000 -2,813

80,000 2 15.38 1,60,000 25.00 1,52,500 76,250.00 70,000 1:1 1,40,000 12,500

80,000 10,000 1:2 10,000 -10,000

1,00,000 1 7.69 1,00,000 15.63 95,313 95,312.50 1,00,000 1:1 1,00,000 -4,688

Total 13 100.00 6,40,000 100.00 6,10,000 6,10,000 0

The Board of Directors of the Company at its meeting held on February 12, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE SME and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before February 15, 2018. Further, the instructions to SCSBs shall be issued on or before February 12, 2018 for unblocking of funds. 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. 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 SME Platform of BSE within six working days from the date of the closure of the Issue.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrarto the Issue, Skyline Financial Services Private Limited at www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
4A9, Gundecha Onclave, Kherani Road, Sakinaka, Mumbai-400 072, Maharashtra, India.
Tel No.: 022 28511022 / 62215779 Fax No: Not Available Email: virenr@skylinerta.com
Website: www.skylinerta.com; Contact Person: Virender Rana / Subhash Dhingreja
SEBI Registration No.: INR000003241
Investor Grievance Email: grievances@skylinerta.com

Date: February 13, 2018
Place: New Delhi For Lorenzini Apparels Limited
On behalf of the Board of Directors
Sd/-
Deepika Jain
Whole-Time Director

Lorenzini Apparels 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 Lorenzini Apparels IPO .

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

Visit the Lorenzini Apparels IPO allotment status page to check the number of shares allocated to your application.

In Lorenzini Apparels 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 Lorenzini Apparels IPO basis of allotment document to know how the shares are allocated in Lorenzini Apparels IPO.

Lorenzini Apparels IPO Basis of Allotment

Lorenzini Apparels IPO Basis of Allotment FAQs

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