Mangalam Global IPO Basis of Allotment

INITIAL PUBLIC OFFER OF FRESH ISSUE OF 42,30,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FULLY PAID OF MANGALAM GLOBAL ENTERPRISE LIMITED ('THE ISSUER' OR 'OUR COMPANY') FOR CASH AT A PRICE OF Rs 51/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 41/- PER EQUITY SHARE) (THE 'ISSUE PRICE') AGGREGATING Rs 2157.30/- LAKHS (THE 'ISSUE') OF WHICH 2,12,000 EQUITY SHARES OF FACE VALUE Rs 10/- EACH FOR CASH AT A PRICE OF Rs 51/- PER EQUITY SHARE, AGGREGATING Rs 108.12/- LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 40,18,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FOR CASH AT A PRICE OF Rs 51/- PER EQUITY SHARE IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.34% AND 25.02%, RESPECTIVELY OFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

This issue is being made in terms of chapter IX of the Securities And Exchange Board of India (Issue of capital and disclosure requirements) regulations, 2018 (the 'SEBI ICDR REGULATIONS'), as amended, in terms of rule 19(2)(b)(i) of the securities contracts (regulation) rules, 1957, as amended (the 'SCRR'), this issue is being made for at least 25% of the post-issue paid-up equity share capital of our company. This issue is a fixed price issue and allocation in the net issue to the public will be made in terms of regulation 253 of the SEBI (ICDR) regulations 2018, as amended. For further details, please refer to section titled 'Issue Procedure' beginning on page 242 of the Prospectus.

RISKS TO INVESTORS:

In terms of Prospectus dated November 06, 2019 and as per Regulation 253(2) SEBI (ICDR) Regulations, 2018 wherein:

The allocation in the Net Issue to the public category has been made as follows:

Provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Explanation: For the purpose of Regulation 253(2) of SEBI (ICDR) Regulation, 2018, if retail individual investors are 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 regards, specific attention is invited to chapter 'Issue Procedure' on page 242 of the Prospectus.

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-Principle approval letter dated November 06, 2019 from National Stock Exchange of India Limited ('NSE') for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 573 applications for 5146000 Equity shares (before rejections, before application not banked but after Invalid Multiple/Duplicate application) including Market Maker Application of 2,12,000 Equity Shares. The issue was subscribed to the extent of 1.22 times as per the application data (before rejections, before application not banked but after Invalid Multiple/Duplicate application). After considering the technical rejections cases, the issue was subscribed 1.11 times.

The details of applications received (Before Technical Rejection but after application not banked and application banked but application not registered)

The details of applications rejected by the Registration technical grounds and Multiple Rejections are detailed below:

Detail of the Applications Received (After Technical and Multiple Rejection):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on November 25, 2019.

Please Note: Additional lot of 2000 shares given in applied category of 4000, 6000, 8000, 10000, 20000, 24000, 34000, 40000, 48000, 50000, 70000, 96000 and 100000 after proportionate allocation of Equity shares.

The Board of Directors of the Company at its meeting held on November 25, 2019 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 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 November 26, 2019. Further, the instructions to SCSBs has been issued on November 25, 2019 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 EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue The trading is proposed to commence on or before November 27, 2019 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.linkintime.co.in 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:

	LINK INTIME INDIA PRIVATE LIMITED
	C-101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai- 400 083, India Tel: 022-49186200 Fax: 022-49186195
	Website: www.linkintime.co.in Email: mangalam.ipo@linkintime.co.in Investor Grievance Id: mangalam.ipo@linkintime.co.in Contact Person: Shanti Gopalkrishnan Sebi
	Registration Number: INR000004058

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Mangalam Global Enterprise Limited is proposing, subject to market conditions, public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Ahmedabad, Gujarat. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.pantomathgroup.com, website of the National Stock Exchange of India Limited at www.nseindia.com and website of Issuer Company at www.groupmangalam.com Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors shall refer to and rely on the Prospectus including the section titled 'Risk Factors' beginning on page 35 of the Prospectus, which has been filed with ROC. The Equity Shares have not been and will not be registered under the US Securities Act (the 'Securities Act') or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, 'U.S. persons' (as defined in the Regulation S under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.