July 3, 2015 - July 7, 2015

Loyal Equipments IPO Basis of Allotment

(This is only an advertisement for information purposes and not a prospects announcement)

LOYAL EQUIPMENTS LIMITED
(Formerly known as Loyal Equipments Private Limited)
^{CIN: U29190GJ2007PLC05067}

Out Company was incorporated as Loyal Equipments Private Limited on April 20, 2007 under the provisions of Companies Act, 1956 with Registrar of Companies, Dadra and Nagar Havelli, Gujarat vide registration no. (C1N: U29190GJ2007PTC050607). Pursuant to Shareholders Resolution passed at the Extra Ordriary General Meeting held on May 02, 2015 our Company was converted into a Public Limited Company and the name of our Company was changed to 'Loyal Equipments Limited' vide a fresh Certificate of Incorporation dated May 12, 2015 issued by the Registrar of Companies Ahmedabad, Gujarat. For details of the changes in our Name and Registered Office, please see section titled 'History and Certain Corporate Matters' on page 104 of the Prospectus.

Registered Office: Block No. 35/1-2-3-4, Village Zak, Dahegam, Gujarat-382330, India.
Tel No: +91-2718-247236, +91-2716-269399 Fax No.: +91-2716-269033: E-mail: cs@loyalequipments.com
Website: www.loyalequipments.com

Company Secretary & Compliance officer: Ms. Komal Manohartal Mourn
Promoter of Our Company: Mr. Rameshchandra Nathalal Patel, Mr. Alkesh Rameshchandra patel & Mrs. Jyotsanaben Rameshchandra Patel

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH OF LOYAL EQUIPMENTS LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS.18.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 8.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS. 324.00 LAKHS ('THE ISSUE'), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH FOR A CASH PRICE OF RS. 18.00 PER EQUITY SHARE, AGGREGATING TO RS. 17.28 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 17,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 18.00 PER EQUITY SHARE AGGREGATING TO RS. 306.72 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.06%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 201 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICOR) REGULATIONS, 2009, AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICOR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 208 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS.10.00 EACH AND THE ISSUE PRICE IS RS.18.00.
THE ISSUE PRICE IS 1.80 TIMES OF THE FACE VALUE.
ISSUE OPENED ON FRIDAY, JULY 03, 2015 AND CLOSED ON TUESDAY, JULY 07, 2015.

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms ot the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, Our Company has received an in-principle approval letter dated June 26, 2015 from BSE for using Its name in the offer document for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on July 16, 2015.*

*Subject to receipt of listing and trading approvals from the BSE 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 Issue has received 314 applications for 35,84,000 Equity Shares resulting In 1.991 times subscription (Including reserved portion of market maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:
Detail of the Applications Received (Before Technical Rejection and after cheque returns):

Category	Number of Applications	%	Number of Equity Shares	%	Subscription
Market Makers	1	0.32	96,000	2.68	1.00
Retail Individual Investors	295	93.95	23,60,000	65.85	2.76
Other than Retail Individual Investors	18	5.73	11,28,000	31.47	1.33
Total	314	100.00	35,84,000	100.00	1.991

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

Category	No. of Applications	No. of Equity Shares
Market Makers	0	0
Retail Individual Investors	4	32000
Other than Retail Individual Investors	0	0
Total	4	32000

After eliminating technically rejected applications, the following tables give the details of category wise net valid applications:

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Market Makers	1	100.00	96.00	96.00	100.00	1.00
Total	1	100.00	96.00	96.00	100.00	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size (After rounding off)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual Investors	291	94.17	8,56,000	11,52,000	23,28,000	67.36	2.021
Other than Retail Individual Investors	18	5.83	8,48,000	5,52,000	11,28,000	32.64	2.043
Total	309	100.00	17,04,000	17,04,000	34,56,000	100.00

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange BSE Uimited on July 13, 2015.

A) Allocation to Market Maker (After Technical Refections & Withdrawal): The Basis ot Allotment to the Market Maker, at the issue price of Rs.18 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 96,000 Equity shares.

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.18 per Equity Share, was finalized in consultation will BSE. The category was subscribed by 2.021 times i.e for 23,28,000 Equity Shares. Total number of shares allotted in this category is 11,52,000 Equity Shares to 144 successful appicants.

The category wise details of the basis of allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications	% to Total	Total No. of Shares Applied in This Category	% to Total	Proportionate Shares Available	Allocation per Applicant (Before Rounding off)	Allocation per Applicant (After Rounding off)	Ratio of allottees to applicant: RATIO 1	Ratio of allottees to applicant: RATIO 2	Number of successful applicants (after rounding off)	Total No. of Equity Shares allotted	No. of Shares Surplus/ Deficit
8000	291	100.00	23,28,000	100.00	11,52,000	3958.76	8000	48	97	144	11,52,000	0
Total	291	100.00	23,28,000	100.00	11,52,000	3958.76	8000	48	97	144	11,52,000	0

C) Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs.18 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.043 times i.e. for 11,28,000 the total number of shares allotted in this category is 11,52,000 Equity Shares to 144 successful appacants.

The Category wise details of the Basis of allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications	% to Total	Total No. of Shares Applied in This Category	% to Total	Proportionate Shares Available	Allocation per Applicant (Before Rounding off)	Allocation per Applicant (After Rounding off)	Ratio of allottees to applicant: RATIO 1	Ratio of allottees to applicant: RATIO 2	Number of successful applicants (after rounding off)	Total No. of Equity Shares allotted	No. of Shares Surplus/ Deficit
16,000	2	11.11	32,000	2.84	15,660	7,830.00	8,000	1	1	2	16,000	(340)
24,000	6	33.33	1,44,000	12.77	70,468	11,744.67	8,000	1	1	6	48,000	22,468
								2	3		32,000	(32,000)
40,000	1	5.56	40,000	3.55	19,574	19,574.00	16,000	1	1	1	16,000	3,574
48,000	1	5.56	48,000	4.26	23,489	23,489.00	24,000	1	1	1	24,000	(511)
64,000	1	5.56	64,000	5.67	31,319	31,319.00	32,000	1	1	1	32,000	(681)
72,000	1	5.56	72,000	6.38	35,234	35,234.00	32,000	1	1	1	32.000	3,234
80,000	1	5.56	80,000	7.09	39,149	39,149.00	40,000	1	1	1	40,000	(851)
1,04,000	3	16.64	3,12,000	27.66	1,52,681	50.893.67	48,000	1	1	3	1,44,000	8,681
1,60,000	1	5.56	1,60,000	14.18	78,298	78,298.00	80,000	1	1	1	80,000	(1,702)
1,76,000	1	5.56	1,76,000	15.60	86,128	86,128.00	88,000	1	1	1	88,000	(1,872)
TOTAL	18	100.00	11,28,000	100.00	5,52,000					18	5,52,000	0

The Board of Directors of the Company at their meeting held on July 14, 2015 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and Allotment advice and/or notices will be dispatch to the address of the Applicants as registered with the depositories / as filled in the application form on or before 15 July, 2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been processed on or prior to 15 July, 2015. In case the Refunds the same has been made through Direct credit/RTGS/NEFT/NECS 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 10 days, investors may contact at the address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any. with the depositories. 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 the SME Platform of BSE Limited within Twelve working days from the date of 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 June 29, 2015 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Sharex Dynamic (India) Private Limited at www.sharexindia.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 at the address of the Registrar given below:

SHAREX DYNAMIC (INDIA) PRIVATE LIMITED

Unit-1, Luthra Industrial Premises. Sated Pool, Andheri Kurla Road, Andheri (E), Mumbai - 400 072, Maharashtra, India
Tel. No.: +91-22 - 28515606 / 44; Fax No.: +91-22 - 28512885; Website: www.sharexindia.com; Email: info@sharexindia.com
Contact Person: Mr. K C Ajikumar; SEBI Regn. No. INR000002102

Place : Dahegam Date : July 14, 2015	For LOYAL EQUIPMENTS LIMITED On behalf of Board of Directors Sd/- Mr. Alkesh Rameshchandra Patel Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF LOYAL EQUIPMENTS LIMITED.

Loyal Equipments 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 Loyal Equipments IPO .

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

Visit the Loyal Equipments IPO allotment status page to check the number of shares allocated to your application.

In Loyal Equipments 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 Loyal Equipments IPO basis of allotment document to know how the shares are allocated in Loyal Equipments IPO.

Loyal Equipments IPO Basis of Allotment

Loyal Equipments IPO Basis of Allotment FAQs

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