July 29, 2015 - July 31, 2015

Mangalam Seeds IPO Basis of Allotment

(This is only an advertisement for Information purposes and not a Prospectus announcement.)

MANGALAM SEEDS LIMITED

Our Company was originally formed as a partnership firm under the Indian Partnership Act, 1932 in the name of 'Mangalam Seeds Corporation', pursuant to a deed of partnership dated April 01,2007. The name of the partnership firm was changed to 'Mangalam Seeds' pursuant to supplementary agreement modifying the partnership deed dated July 06, 2011. 'Mangalam Seeds' was thereafter converted to a public limited company under Part IX of the Companies Act, 1956 under the name of 'Mangalam Seeds Limited' and received a fresh certificate of incorporation from the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on September 14,2011 bearing registration no. 067128 and Corporate Identification Number U01112GJ2011PLC067128. The certificate of commencement of business was granted by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on September 26, 2011. The partners of M/s Mangalam Seeds were initial subscribers to Memorandum of Association of our Company. For details of incorporation, change of name and Registered Office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 63 and 184 respectively of the Prospectus.

Registered Office: 202, Sampada Complex, B/H Tulsi Complex, Mithakhali Six Roads, Navrangpura, Ahmedabad - 380009, Gujarat, India
Tel.: +91-79 26447302; Fax: +91-79 26447598; Email: ipo@mangalamseeds.com; Website: www.mangalamseeds.com Corporate Identity Number: U01112GJ2011PLC067128; Contact Person: Rujavi Chalishajar, Company Secretary and Compliance Officer Promoters of our Company: Pravinkumar Patel, Mafatlal Patel and Dhanajibhai Patel

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 11,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF MANGALAM SEEDS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 50 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 40 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 570.00 LAKHS ('THE ISSUE'), OF WHICH 60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 50 PER EQUITY SHARE, AGGREGATING RS. 30.00 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 10,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 50 PER EQUITY SHARE, AGGREGATING RS. 540.00 LACS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.50% AND 25.10% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated July 23,2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. 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 individual 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 EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 50. THE ISSUE PRICE IS 5 TIMES OF THE FACE VALUE ISSUE OPENED ON JULY 29,2015 AND CLOSED ON JULY 31,2015

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Ltd. ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated June 26, 2015 from BSE for using its name in the Prospectus for listing of our Shares on SME platform of BSE. The designated stockexchange is BSE.

All Applicants were allowed to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 553 applications for 2,388,000 Equity shares (including Market Maker Application of 60,000 Equity Shares) resulting 2.09 times subscription. After considering, a Cheque Return, Withdrawals, and Technical/ Multiple Rejection case, the issue was subscribed 2.04 times (including the Market Maker Portion). The details of application received (Before Technical Rejection & withdrawal of application but after Cheque returns)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION (Times)
Market Makers	1	60,000	1.00
Other than Retail Individual Investors	41	7,95,000	1.47
Retail Individual Investors	503	15,09,000	2.79
TOTAL	545	23,64,000	2.07

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

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES
Market Makers	-	-
Other than Retail Individual Investors	3	18,000
Retail Individual Investors	5	15,000
TOTAL	8	33,000

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

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION (Times)	REVISED SUBSCRIPTION (Times)
Market Makers	1	60,000	1.00	1.00
Other than Retail Individual Investors	38	7,77,000	1.44	2.11
Retail Individual Investors	498	14,94,000	2.77	2.10
TOTAL	537	23,31,000	2.04	2.04

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on August 07,2015.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 50- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1 time. The total number of shares allotted in this category is 60,000 Equity shares in full out of reserved portion of 60,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotmentto the Retail Individual Investors, at the issue price of Rs. 50/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 2.10 times. Total number of shares allotted in this category is 7,11,000 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	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus / (Deficit)
3,000	498	100.00	14,94,000	100.00	7,11,000	3,000	10:21	7,11,000	0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection and Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 50/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 2.11 times. Total number of shares allotted in this category is 3,69,000 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)
6,000	7	18.42	42,000	5.41	19,946	2,849	3,000	1:1	21,000	-1,054
9,000	1	2.63	9,000	1.16	4,274	4,274	6,000	1:1	6,000	-1,726
12,000	3	7.89	36,000	4.63	17,097	5,699	6,000	1:1	18,000	-903
15,000	7	18.42	1,05,000	13.51	49,865	7,124	6„000	1:1	42,000	7,865
							3,000	2:7	6,000	-6,000
18,000	7	18.42	1,26,000	16.22	59,838	8,548	9,000	1:1	63,000	-3,162
21,000	6	15.79	1,26,000	16.22	59,838	9,973	9,000	1:1	54,000	5,838
27,000	1	2.63	27,000	3.47	12,822	12,822	12,000	1:1	12,000	822
42,000	1	2.63	42,000	5.41	19,946	19,946	21,000	1:1	21,000	-1,054
51,000	4	10.53	2,04,000	26.25	96,880	24220	24,000	1:1	96,000	880
60,000	1	2.63	60,000	7.72	28,494	28,494	30,000	1:1	30,000	-1,506
Total	38	100.00	7,77,000	100.00	3,69,000				3,69,000

The Board of Directors of the Company at its meeting held on August 10,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before August 11,2015. Further, the instructions to SCSBs have been processed on August 08,2015. In case the same is not received within 10 days, investors may contact at the 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 the SME Platform of BSE within Twelve working days from the date of the closure of the Issue. The trading is proposed to commence on or before August 14,2015 subject to receipt of listing and trading approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www. 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:

^{KARVY COMPUTERSHARE PRIVATE LIMITED}

Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda,
Hyderabad-500032; Tel: +91 40 67162222; Fax: +91 40 23431551
Email: mangalamseeds.ipo@karvy.com; Website: www.karisma.karvy.com

Date: August 10,2015 Place: Ahmedabad,Gujarat	For Mangalam Seeds Limited On behalf of the Board of Directors Sd/- Pravinkumar 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 MANGALAM SEEDS LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Mangalam Seeds 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 Mangalam Seeds IPO .

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

Visit the Mangalam Seeds IPO allotment status page to check the number of shares allocated to your application.

In Mangalam Seeds 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 Mangalam Seeds IPO basis of allotment document to know how the shares are allocated in Mangalam Seeds IPO.

Mangalam Seeds IPO Basis of Allotment

Mangalam Seeds IPO Basis of Allotment FAQs

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