August 24, 2015 - August 26, 2015

Navkar Corporation IPO Basis of Allotment

This is an advertisement for information purposes only. This is not a Prospectus announcement, and does not constitute an invitation or offer to acquire, purchase or subscribe to securities. Not for publication or distribution, directly or indirectly outside India.'All the capitalized terms used and not specifically defined here shall have the same meaning as ascribed to them in the Prospectus'

NAVKAR CORPORATION LIMITED

The Company was incorporated as 'Navkar Corporation Limited' on September 29,2008 as a public limited company under Part IX of the Companies Act, 1956 ('Companies Act 1956'), with the Registrar of Companies, Maharashtra at Mumbai (the 'RoC'). For further details, see 'History and Certain Corporate Matters' on page 147 of the Prospectus dated August 29,2015 ('Prospectus').Corporate Identity Number: U63000MH2008PLC187146

Registered Office: 205-206, J.K. Chambers, Sector 17, Vashi, Navi Mumbai 400 705, Maharashtra, India
Tel: (+91 22) 2766 8223 Fax: (+91 22) 2766 8238
Corporate Office: Survey No. 89/93/95/97, Somathane Village, Kon Savla Road, Panvel, Raigad 410 206, Maharashtra, India
Tel: (+91 2143)662 525 Fax: (+91 2143) 262 042 Contact Person: Ms. Ekta Chuglani, Company Secretary and Compliance Officer
Tel: (+91 2143)662 525 Fax: (+91 2143)262 042 E-mail: cs@navkarcfs.com Website: www.navkarcfs.com

The equity shares of the Company are proposed to be listed on the BSE Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading will commence on or before September 9,2015.

PROMOTERS: MR. SHANTILAL JAYAVANT RAJ MEHTA AND
MR. NEMICHAND JAYAVANTRAJ MEHTA

INITIAL PUBLIC OFFERING OF 38,709,676 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH (THE 'EQUITY SHARES') OF NAVKAR CORPORATION LIMITED ('NCL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs 155 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 145 PER EQUITY SHARE) (THE 'OFFER PRICE') AGGREGATING TO Rs 6,000 MILLION (THE 'OFFER'). THE OFFER COMPRISES A FRESH ISSUE OF 32,903,225 EQUITY SHARES AGGREGATING TO Rs 5,100 MILLION BY THE COMPANY (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 5,806,451 EQUITY SHARES AGGREGATING TO Rs 900 MILLION BY SIDHHARTHA CORPORATION PRIVATE LIMITED, A MEMBER OF THE PROMOTER GROUP OF THE COMPANY (THE 'SELLING SHAREHOLDER') (THE 'OFFER FOR SALE'). THE OFFER CONSTITUTES 27.14 % OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS 10;
THE OFFER PRICE IS RS 155 PER EQUITY SHARE;
THE OFFER PRICE IS 15.5 TIMES THE FACE VALUE.
THE ANCHOR INVESTOR OFFER PRICE IS RS 155 PER EQUITY SHARE
BID/OFFER OPENED ON MONDAY, AUGUST 24, 2015
BID/OFFER CLOSED ON WEDNESDAY, AUGUST 26, 2015
ANCHOR INVESTOR BIDDING DATE: FRIDAY, AUGUST 21, 2015

The Offer is made in terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended, for 27.14% of the post-Offer paid up Equity Share capital of the Company. The Offer is made through the Book Building Process, in compliance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the 'SEBI ICDR Regulations'), wherein 50% of the Offer has been allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (the 'QIB Category').The Company and the Selling Shareholder, in consultation with the Joint Global Co ordinators and Book Running Lead Managers ('JGCBRLMs'), have allocated 60% of the QIB Category to Anchor Investors, on a discretionary basis (the 'Anchor Investor Portion'), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Retail Individual Investors may participate in the Offer through the ASBA process by providing the details of the ASBA Accounts in which the corresponding Bid Amounts were to be blocked by the Self Certified Syndicate Banks ('SCSBs'). QIBs (excluding Anchor Investors) and Non-Institutional Investors can participate in the Offer only through the ASBA process. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For details in this regard, specific attention is invited to 'Offer Procedure' on page 500 of the Prospectus.

The Offer received 214,813 applications for 88,686,585 Equity Shares (prior to technical rejections) resulting in 2.2911 times subscription. The details of the applications received in the Offer from Retail Individual Investors, Non-Institutional Investors, QIBs (excluding Anchor Investors) and Anchor Investors are as under (before technical rejections):

	Category	No. of Applications	No. of Equity Shares	No. of times Subscription
A	Retail Individual Bidders	214,737	21,413,190	1.580
B	Non-Institutional Bidders	20	1,656,230	0.285
C	Qualified Institutional Buyers	28	52,842,325	6.825
D	Anchor Investors	28	12,774,840	1.100
Total		214,813	88.686.585	2.291

Final Demand
A summary of the final demand as per the BSE & NSE after the Bid/Offer Period at different Bid prices is as under:

Bid Price	No. of Equity Shares	% of Total	Cumulative Total	Cumulative % of Total
147	778,145	0.95	778,145	0.95
148	3,230	0.00	781,375	0.96
149	2,470	0.00	783,845	0.96
150	14,060	0.02	797,905	0.98
151	67,260	0.08	865,165	1.06
152	2,375	0.00	867,540	1.06
153	1,425	0.00	868,965	1.06
154	1,235	0.00	870,200	1.07
155	58,713,230	71.91	59,583,430	72.98
CUT OFF	22,059,190	27.02	81,642,620	100.00
TOTAL	81,642,620	100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on September03, 2015.

A. Allotment to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at the Offer Price of Rs155 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.1588 times. The total number of Equity Shares Allotted in the Retail Individual Investors Category is 17,698,608 Equity Shares to 186,301 successful Bidders. The category-wise details of the Basis of Allotment are as under:

Sr.	Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied for	% of Total	No. of Equity Shares Allotted per Bidder	Ratio	Total No. of Equity Shares Allotted
1	95	202,083	98.34	19,197,885	93.61	95	68:75	17,405,520
2	190	1,631	0.79	309,890	1.51	95	29:32	140,410
3	285	594	0.29	169,290	0.83	95	10:11	51,300
4	380	282	0.14	107,160	0.52	95	10:11	24,320
5	475	187	0.09	88,825	0.43	95	10:11	16,150
6	570	171	0.08	97,470	0.48	95	19:21	14,725
7	665	153	0.07	101,745	0.50	95	10:11	13,205
8	760	28	0.01	21,280	0.10	95	25:28	2,375
9	855	9	0.00	7,695	0.04	95	8:9	760
10	950	59	0.03	56,050	0.27	95	53:59	5,035
11	1,045	18	0.01	18,810	0.09	95	8:9	1,520
12	1,140	13	0.01	14,820	0.07	95	12:13	1,140
13	1,235	258	0.13	318,630	1.55	95	19:21	22,135
14	3085 Allottees from Serial no 2 to 13 Additional 1 (one) share					1	1:237	13

B. Allotment to Non-Institutional Investors (After Technical Rejections)
The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Offer Price of Rs 155 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 0.2852 times*. The total number of Equity Shares Allotted in this category is 1,656,230 Equity Shares to 20 successful applicants on a proportionate basis. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied for	% of Total	No. of Equity Shares Allotted per Bidder	Ratio	Total No. of Equity Shares Allotted
1,330	1	5.00	1,330	0.08	1,330	1:1	1,330
1,520	1	5.00	1,520	0.09	1,520	1:1	1,520
1,615	1	5.00	1,615	0.10	1,615	1:1	1,615
1,900	1	5.00	1,900	0.11	1,900	1:1	1,900
2,565	1	5.00	2,565	0.15	2,565	1:1	2,565
3,230	1	5.00	3,230	0.20	3,230	1:1	3,230
4,940	1	5.00	4,940	0.30	4,940	1:1	4,940
6,365	3	15.00	19,095	1.15	6,365	1:1	19,095
6,460	1	5.00	6,460	0.39	6,460	1:1	6,460
9,975	1	5.00	9,975	0.60	9,975	1:1	9,975
12,825	1	5.00	12,825	0.77	12,825	1:1	12,825
25,745	1	5.00	25,745	1.55	25,745	1:1	25,745
34,200	1	5.00	34,200	2.06	34,200	1:1	34,200
38,000	2	10.00	76,000	4.59	38,000	1:1	76,000
64,505	1	5.00	64,505	3.89	64,505	1:1	64,505
100,035	1	5.00	100,035	6.04	100,035	1:1	100,035
1,290,290	1	5.00	1,290,290	77.91	1,290,290	1:1	1,290,290

*The undersubscribed portion of 4,150,221 equity shares in Non-Institutional Category has been spilled over to Retail Category.

C. Allotment to QIBs (excluding Anchor Investors)
Allotment to QIBs, who have Bid at the Offer Price of Rs 155 per Equity Share, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 6.7376 times. As per the SEBI ICDR Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Category (excluding Anchor Investors Portion) available i.e. 387,097 Equity Shares and other QIBs (including Mutual Funds) were Allotted the remaining available Equity Shares i.e. 7,354,839 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Category (excluding Anchor Investors Portion) is 7,741,936 Equity Shares, which were Allotted to 27 successful Bidders.

Category	Fls/Banks	MFs	ICS	VCs	AIF	Trust	FPI	Total
Allotment	824,807	4,281,425	412,411	-	307,918	-	1,915,375	7,741,936

D. Allotment to Anchor Investors
The Company and Selling Shareholder in consultation with the JGCBRLMs have allotted 11,612,902 Equity Shares to 15 Anchor Investors (through 28 applications). In accordance with the SEBI ICDR Regulations, this represents 60.00% of the QIB Portion.

Category	Fls/Banks	MFs	ICS	VCs	AIF	Trust	FPI	Total
Allotment	-	7,354,792	-	-	-	-	4,258,110	11,612,902

The Board of Directors of the Company at its meeting held on September 04,2015. has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-Refund Order have been dispatched to the address of the investors as registered with the depositories on September 05,2015. Further, instructions to the SCSBs have been issued on September 03,2015. The Refund Orders have been over-printed with the bank account details as registered, if any, with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on September 05,2015 for credit into the respective 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 BSE and NSE within 12 working days of the closure of the Offer, i.e. on or before September 09,2015. The Company has filed the listing application with BSE & NSE on September 04,2015.

INVESTORS PLEASE NOTE

The details of the Basis of Allotment made shall be hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in.

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the first/ sole applicant, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the member of the Syndicate, place where the Bid-cum-Application Form was submitted and payment details atthe address given below:

Link Intime India Private Limited
Pannalal Silk Mills compound, L.B.S. Marg, Bhandup (West),
Mumbai 400 078, Maharashtra, India
Tel. (+91 22) 61715400, Fax: (+91 22) 2596 0329 Email: ncl.ipo@linkintime.co.in
Investor Grievance Email: ncl.ipo@linkintime.co.in , Website: www.linkintime.co.in
Contact Person: Mr. Sachin Achar, SEBI Registration No.: INR000004058

Place: Mumbai Date: September, 2015	For NAVKAR CORPORATION LIMITED On behalf of the Board of Directors Sd/- Company Secretary and Compliance Officer

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 NAVKAR CORPORATION LIMITED.

Navkar Corporation 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 Navkar Corporation IPO .

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

Visit the Navkar Corporation IPO allotment status page to check the number of shares allocated to your application.

In Navkar Corporation 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 Navkar Corporation IPO basis of allotment document to know how the shares are allocated in Navkar Corporation IPO.

Navkar Corporation IPO Basis of Allotment

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