Narmada Agrobase IPO Basis of Allotment

NARMADA AGROBASE LIMITED

CIN :U15494GJ2013PLC073468

Our Company was originally incorporated on January 29.2013 as *Narmada Agrobase Private Limited* vide Registration No. 073468/2012-2013 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat. Dadra and Nagar Havelli. Further. our Company was converted into Public Limited Company and consequently name of Company was changed from 'Narmada  Agrobase Private Lirnited' to 'Narmada Agrobase Lirnited' vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 05. 2017 and a fresh certificate of incorporation deted December 11,2017 issued by the Registrar of Companies, Ahmedabad. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 103 of the Prospectus.

Registered Office: 613,/P-I IJ Pura (Jethaji) Dhanpura Road, Tal. Jotana. Mahesana -384421, Gujarat India
Corporate Office: 310, Sudarshan Complex. Mithakhali Underbridge. Navrangpura. Ahmedabad - 380009, Gujarat, India
Tel No: +91-79-4037 0886, E-mail: cs@narmadaagrobase.com. Website: www.narmadaagrobase.com

CONTACT PERSON: MRS. NIDHI JAIN. (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTER OF OUR COMPANY: MR. NEERAJKUMAR SURFJSHCHANDRA AGRAWAL AND MR. SURESH CHANDRA GUPTA

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 23,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (' EQUITY SHARES') OF NARMADA AGROBASE LIMITED ('OUR COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS. 32.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 22.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS. 748.80 LAKHS ('ISSUE') OF WHICH 1,24,000 EQUITY SHARES OF FACE VALUE OF RS.10.00 EACH FOR A CASH PRICE OF RS. 32.00 PER EQUITY SHARE, AGGREGATING TO RS. 39.68 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 22,16,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS, 32.00 PER EQUITY SHARE AGGREGATING TO RS. 709.12 LAKHS (IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE Wl LL CONSTITUTE 31.09% AND 29,44%, RESPECTlVELY 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 187 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 IS MADE IN TERMS OF REGULATION 43 (4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TTTLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 195 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS. 32.00. THE ISSUE PRICE IS 3.2 TIMES OF THE FACE VALUE.

ISSUE OPENS ON: WEDNESDAY, MARCH 28, 2018 AND ISSUE CLOSES ON: WEDNESDAY, APRIL 11, 2018
PROPOSED LISTING: APRIL 19, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platfornn of National Stock Exchange of India Limited ('NSE')
i.e. 'NSE EMERGE'). Our Company has received an approval letter dated March 14, 2018 from NSE for using its name in the offer document for listing of our shares on the SME Platform of NSE ('NSE EMERGE'). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be comrnenced on or about April 19,20l8*.
*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
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 amounte were blocked by Self Certified Syndicate Banks (the'SCSBs'),

SUBSCRIPTION DETAILS

The issue has received 389 applications for 2440000 Equity Shares resulting in 1.0427 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical relations) are as follows:
Detail of the Applications Received (Before Technical Rejection):

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

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

ALLOCATION; The Basis of Allotment was finalized in consoltation with the Designated Stock Exchange - National Stock Exchange of India Limited on April 16, 2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of RS. 32 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 in this category is 124000 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. 32 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.0375 times i.e. for 1440000 Equity Shares. Total number of shares allotted In this category Is 1388000 Equity Shares to 347 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. 32 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 0.7473 times i.e. for 828000 shares the total number of shares allotted in this category is 828000 Equity Shares to 16 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 April 16.2018 has approved the Basis of  Allocation of Equity Shares as approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and in meeting held on April 17.2018 has authorized the corporate action for issue of the Equity Shares to various successful applicant. The CAN-cum-Refund advices and allotment advice and/or notices will forwarded to the email id's and address of the Applicants as registered wiih the depositories / as filled in the application form on or before April 18. 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to April 18.2018. 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 heir beneficiary accounts subjed to validation of the account details with the depositories concemed. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of National Stock Exchange of India Limited (NSE EMERGE) within six working days from the date of the closure at the issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 20,2018 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue, Karvy Computershare Private Limited at www.karsima.karvy.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:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda, Hyderabad-500 032, India
Tel No.: +91-040-6716 2222, Fax No.: +91-040-2343 1551
Email: einward.ris@karvy.com
Investor grievance e-mail: narmadaagrobase.ipo@karvy.com
Website: www.karisma karvy.com
Contact Person: Mr. M Murali Krishna
SEBI Regn. No.: INR000000221