March 20, 2017 - March 22, 2017

Oceanic Foods IPO Basis of Allotment

OCEANIC FOODS LIMITED

Our Company was originally incorporated as 'Gujarat Oceanic Foods Private Limited' under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated May 3,1993 issued by Registrar of Companies, Gujarat bearing Registration No. 19383 at Jamnagar, Gujarat. Subsequently the name of our Company was changed to 'Oceanic Foods Private Limited' vide a special resolution passed in the General Meeting of the Company and vide a fresh Certificate of Incorporation consequent on change of name dated January 18,1994 bearing Registration Number 19383. Further vide special resolution passed by members of the Company in the Extraordinary General Meeting held on August 22, 2016 our Company was converted into a public limited Company and the name of our Company vide a fresh certificate of incorporation dated September 5, 2016 was changed to 'Oceanic Foods Limited'. The Corporate Identification Number of our Company is U15495GJ1993PLC019383.For details of incorporation, change if 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 163 respectively of this Prospectus.

Registered Office: Opp. Brooke Bond Factory, RN. Marg, Jamnagar - 361002, Gujarat, India
Tel. No.: 0288 2757366/77; Fax No.: +91 288 2757333; E-mail: cs@oceanicfoods.com; Website: www.oceanicfoods.com Corporate Identification Number: U15495GJ1993PLC019383; Contact Person: Krishna Adhyaru, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: VINODRAI PATEL AND AJESH PATEL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 10,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF OCEANIC FOODS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 65/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 55/- PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 650.00 LAKHS ('THE ISSUE'), OF WHICH 52,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 65/- PER EQUITY SHARE, AGGREGATING RS. 33.80 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 9,48,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 65/- PER EQUITY SHARE, AGGREGATING RS. 616.20 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.67% AND 25.28% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated March 14,2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:

a) A minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.

b) The balance net offer of shares to the public shall be made available for allotment to

(i) individual applicants other than retail investors and

(ii) other investors including corporate bodies/institutions irrespective of no. of shares applied for.

c) 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. 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 276 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
THE ISSUE PRICE OF RS. 65.00 IS 6.5 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON MARCH 20, 2017 AND CLOSED ON MARCH 22, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') ('BSE SME') 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 September 23,2016 from BSE for using its name in the Prospectus for listing of our Shares on BSESME. The designated stock exchange is BSE SME.

SUBSCRIPTION DETAILS

The Issue has received 474 applications for 18,90,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 52,000 Equity Shares) resulting 1.89 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.882 times (including the Market Maker Portion) The details of application received (Before Technical Rejection)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	52,000	1.00
Other than Retail Individual Investor's	35	9,62,000	2.03
Retail Individual Investors	438	8,76,000	1.85
TOTAL	474	18,90,000	1.89

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY	NUMBER OF A PPLICATIONS	NUMBER OF EQUITY SHARES
Market Maker	0	0
Other than Retail Individual Investor's	0	0
Retail Individual Investor's	4	8,000
TOTAL	4	8,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	52,000	1.00
Other than Retail Individual Investor's	35	9,62,000	2.03
Retail Individual Investor's	434	8,68,000	1.83
TOTAL	470	18,82,000	1.88

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on March 27,2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 65/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 52,000 Equity shares in full out of reserved portion of 52,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 65/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.83 times. Total number of shares allotted in this category are 4,74,000 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)
2,000	434	100	8,68,000	100	4,74,000	1092.17	2,000	237:434	4,74,000	0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 65/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.03 times. Total number of shares allotted in this category is 4,74,000 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)
4,000	2	5.71	8,000	0.83	3941	1970.50	2000	1:1	4,000	59
6,000	1	2.86	6,000	0.62	2956	2956.00	4000	1:1	4,000	1044
8,000	7	20.00	56,000	5.82	27593	3941.86	4000	1:1	28,000	407
10,000	1	2.86	10,000	1.04	4927	4927.00	6000	1:1	6,000	1073
12,000	4	11.43	48,000	4.99	23651	5912.75	6000	1:1	24,000	349
14,000	5	14.29	70,000	7.28	34491	6898.20	6000	1:1	30,000	-4491
14,000	5	14.29	70,000	7.28	34491	6898.20	2000	1:5	2,000	2000
16,000	2	5.71	32,000	3.33	15767	7883.05	8000	1:1	16,000	233
18,000	1	2.86	18,000	1.87	8869	8869.00	10000	1:1	10,000	1131
20,000	2	5.71	40,000	4.16	19709	9854.50	10000	1:1	20,000	291
34,000	3	8.57	1,02,000	10.60	50258	16752.67	16000	1:1	48,000	-2258
40,000	2	5.71	80,000	8.32	39418	19709.00	20000	1:1	40,000	582
46,000	1	2.86	46,000	4.78	22665	22665.00	22000	1:1	22,000	-665
54,000	1	2.86	54,000	5.61	26607	26607.00	26000	1:1	26,000	-607
96,000	1	2.86	96,000	9.98	47301	47301.00	48000	1:1	48,000	699
1,46,000	1	2.86	1,46,000	15.18	71938	71938.00	72000	1:1	72,000	62
1,50,000	1	2.85	1,50,000	15.59	73909	73909.00	74000	1:1	74,000	91

The Board of Directors of the Company at its meeting held on March 27,2017 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 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 March 30,2017. Further, the instructions to SCSBs has been issued on March 27,2017 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 registrarto the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within six working days from the date of the closure of the Issue. The trading Is proposed to commence on or before March 31, 2017 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.linkintjme.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
C101, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai - 400083
Tel: +91 22 4918 6200; Fax: +91 22 4918 6060
Email: ofl.ipo@linkintime.co.in; Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan; SEBI Registration Number: INR000004058

Date: March 29,2017 Place: Jamnagar	For Oceanic Foods Limited On behalf of the Board of Directors Sd/- Vinodrai Patel Chairman and Managing Director

Oceanic Foods 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 Oceanic Foods IPO .

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

Visit the Oceanic Foods IPO allotment status page to check the number of shares allocated to your application.

In Oceanic Foods 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 Oceanic Foods IPO basis of allotment document to know how the shares are allocated in Oceanic Foods IPO.

Oceanic Foods IPO Basis of Allotment

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