Osia Hyper IPO Basis of Allotment

Our Company was originally incorporated in Ahmedabad as "Mapple Exim Private Limited" on October 18, 2013 under the provisions of the Companies Act. 1956 vide certificate of incorporation issued by the Registrar of Companies, Dadra and Nagar Havelli, Gujarat. Our Company was converted in to a Public Limited Company and consequently the name was changed to "Mapple Exim Limited" vide fresh certificate of incorporation dated August 08, 2017 issued by the Registrar of Companies, Ahmedabad, Gujarat. Further, the name of the company was from "Mapple Exim Limited" to "Osia Hyper Retail Limited" with effect from September 13, 2017. For more details, please see section titled "History and Certain Corporate Matters" on page no. 119 of the Prospectus.

PUBLIC ISSUE OF 15,78,400 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH OF OSIA HYPER RETAIL LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 252 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 242 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 3977.57 LAKHS ("THE ISSUE"), OF WHICH 79,200 EQUITY SHARES OF FACE VALUE OF ? 10 EACH FOR A CASH PRICE OF RS. 252 PER EQUITY SHARE, AGGREGATING TO RS. 199.6 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 14,99,200 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT AN ISSUE PRICE OF RS. 252 PER EQUITY SHARE AGGREGATING TO RS. 3777.98 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.52 % AND 25.18 %, 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 NO. 205 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018 (THE "SEBIICDR 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 253 OF THE SEBI (ICDR) REGULATIONS. 2018, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 215 OF THE PROSPECTUS.

The Equity Shares offered through the Prospectus are proposed to be listed on the Emerge Platform of NSE ("NSE SME Platform"). In terms of the Chapter IX of the SEBI (ICOR) Regulations, 2018, as amended, we are required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an in-principle approval letter dated March 14, 2019 from NSE for using its name in the offer document for listing of our shares on the Emerge Platform of NSE. 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 commenced from Friday, April 05, 2019, 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 APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process and UNIFIED PAYMENT INTERFACE ("UPI") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The issue has received 1,073 applications for 16,27,600 equity shares resulting in 1.03 times subscription (including reserved portion of Market maker).

The details of applications received in the issue (before technical rejections) are as follows:

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

After eliminating technically rejected applications, the following table gives 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 April 02, 2019.

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 02, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before April 02, 2019. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to April 02, 2019. In case the same is not received within ten days, investors may contact Registrar 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 NSE EMERGE Platform 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 March 18, 2019 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED at wmv.skylinerta.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: