Milton Industries IPO Basis of Allotment

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

MILTON INDUSTRIES LIMITED
CIN: U20299GJ198SPLC008047

Our Company was originally incorporated on August 23,1985 as 'Milton Laminates Private Limited' vide Registration no. 008047/1985-1986 under the provisions of the Companies Act. 1956 with the Registrar of Companies, Gujarat Further our Company was converted into Public Limited Company and consequenily name of company was changed from 'Milton Laminates Private Limited' to 'Milton Laminates Limited' vtde resolution passed by the Shareholders at the Extra Ordinary General Meeting held on February 24,1997 and a fresh certificate of incorporation dated March 31,1997 issued by the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later, the name of the Company was changed to 'Milton Industries Limited' vide Shareholder's Resolution passed at the Extra Ordinary General Meeting of the Company held on February 23,2007 and a fresh Certificate of Incorporation dated Apnt 3, 2007 issued by the Registrar of Companies. Gujarat, Dadra & Nagar Haveli pursuant to change in name of our Company. For further details please refer to chapter tided 'History and Certain Corporate Matters' beginning on page 120 of the Prospectus.

Registered Office: 1/2. Chitra-Ami Appartment. Opp La Gajjar Chamber, Ashram Road. Ahmedabad - 380009, Gujarat India
Tel No: +91-79-26584193. +91-79-26588448, Fax No.: +91-79-26585532 E-mail; cs@miltonindustries.in   , Website: www.miltonindustries.in

CONTACT PERSON: MR. KEYUR DINESHBHAI PAREKH, (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTER OF OUR COMPANY: MR. VIJAY PAL JAIN, MR. AJAY MAHIPAL SINGH JAIN, MR. ABHAYKUMAR MAHIPALSINGH JAIN, MR. VIKAS JAIN AND
MR. SAKET JAIN

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 42,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF MILTON INDUSTRIES LIMITED (OUR COMPANY OR 'ISSUER') FOR CASH AT A PRICE OF RS 34.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 24.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 1428.00 LAKHS ('ISSUE') OF WHICH 2,16,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 34.00 PER EQUITY SHARE. AGGREGATING TO RS 73.44 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 39,84,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 34.00 PER EQUITY SHARE AGGREGATING TO RS 1354.56 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.18% AND 25.79%, 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 222 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBI ICDR REGULATIONS'), 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 (ICDR) REGULATIONS, 2009. AS AMENDED FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 229 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 34.00.THE ISSUE PRICE IS 3.4 TIMES OF THE FACE VALUE.

ISSUE OPENED ON: FRIDAY, SEPTEMBER 29, 2017 AND ISSUE CLOSED ON: FRIDAY, OCTOBER 06, 2017, PROPOSED LISTING: OCTOBER 16, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of india Limited ('NSE' i.e. 'NSE EMERGE') in terms of chapter XB of SEBI (ICDR), Regulations, 2009 as amended. Our Company has received an in-principle approval letter dated September 19,2017 from NSE for using its name in the offer document for listing of shares on the SME Platform of NSE ('NSE EMERGE'). For the purpose of this issue. the Designated Stock Exchange of India limited.The trading is proposed to be commenced on or about October 16, 2017.*

*Subject to receipt of listing and trading approval from the National Stock Exchange of India Limited.
All Applications were allowed to participating in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the detals of the respective bank accounts m which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs')

SUBSCRIPTION DETAILS

The issue has received 8911 applications for 5,61,28,000 Equity Shares resulting in 13.36 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

The details of applications rejected by the Reqistrar on technical qrounds (includinq withdrawal) are detailed below:

After eliminating technically rejectcd applications, the following tables give us category wise net valid applications:

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on October 11, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 34 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted tn this category is 2,16,000 Equity shares.
The category wise details of the Basis of Allotment are as under:

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 34 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 13.95 times i.e. for 3,49,88,000 Equity Shares. Total number of shares allotted in this category is 25,08,000 Equity Shares to 627 successful applicants.

The category wise details of the Basis of Allotment are as under:

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 34 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 13.96 times i.e. for 2,06,12,000 shares the total number of shares allotted in this category is 14,76,000 Equity Shares to 67 successful applicants.
The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on October 11, 2017 has approved the Basis of Allocation of Equity Shares as provided by the Designated Stock Exchange of India Limited and in meeting held on October 12, 2017 has authorized the corporate action for issue of the Equity Shares to Various successful applicants.

The CAN-cum-Refund advices and allotmrnt advice and/or notices will forwarded to the email id's and address of the Applicants as registered with the depositories/ as filled in the application form on or before October 13,2017, Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to October 13, 2017. 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 tradng on the SME Platform of National Stock Exchange of India Limited (NSE EMERGE) 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 september 22, 2017 ('Prospectus')

INVSETORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue, Bigshare Services Privarte Limited at www.bigshareonline.com All Future correspondencein 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 and Bank Branch where the application had been lodged & payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor. Bharat Tin Works Building, opp Vasant Oasis, Makwana Road, Marol, Andheri East, Mumbai-400059.
Tel No.: +91-022-62638200. Fax No.: +91-022-26238299, Email: ipo@bigshareonline.com
CIN No.: U9999MH1994PTC076534. SEBI Regn. No.: INR000001385
Website:www.bigshareonline.com. Contact Person: Mr. Ashok Shetty