August 28, 2017 - August 31, 2017

Pashupati Cotspin IPO Basis of Allotment

PASHUPATI COTSPIN LIMITED
Corporate Identity Number: U17309GJ2017PLC098117

Our Company was originally incorporated as 'Pashupati Cotspin LLP' on January 07, 2013 under the provisions of Limited Liability Partnership Act, 2008 with Registrar of Companies, Gujarat, Dadra and Nagar Havelli vide (LLPIN:3046) and received a certificate of incorporation from the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on January 07, 2013. Later, 'Pashupati Cotspin LLP' was thereafter converted from a Limited Liability Partnership into a Private Limited Company under part I Chapter XXI of Section 366 of Companies Act, 2013 with the name of 'Pashupati Cotspin Private Limited' and received a fresh certificate of incorporation from the Registrar of Companies Gujarat, Central registration Centre on July 03, 2017. The Corporate Identification Number of our Company is U17309GJ2017PTC098117. Later, our Company was converted into Public Limited Company and consequently name of company was changed from 'Pashupati Cotspin Private Limited' to 'Pashupati Cotspin Limited' vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on July 11, 2017 and a fresh certificate of incorporation dated July 18, 2017 issued by the Registrar of Companies Ahmedabad. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 110 of the Prospectus.

Registered Office & Factory Unit: Survey No.404 At & Post Balasar, Kadi-Detroj Road, Kadi, Mahesana - 382715, Gujarat, India.
Corporate Office: D-707, Ganesh Meridian, Opp. Gujarat High Court, S.G. Highway, Ahmedabad- 380060, Gujarat, India.
Tel. No: +91-02764-262200 | E-mail: info@pashupaticotspin.com | Website: www.pashupaticotspin.com
Contact Person: MR. PRATIK ASHOKBHAIPATEL, (COMPANY SECRETARY & COMPLIANCE OFFICER)

PROMOTERS OF OUR COMPANY: MR. SAURIN JAGDISH BHAI PARIKH,
MR. TRIVEDI TUSHAR R AND MR. DAKSHESH JAYANTILAL PATEL

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 27,84,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF PASHUPATI COTSPIN LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 75.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 65.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 2088.00 LAKHS ('ISSUE' ) OF WHICH 2,04,800 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 75.00 PER EQUITY SHARE, AGGREGATING TO RS 153.60 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 25,79,200 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 75.00 PER EQUITY SHARE AGGREGATING TO RS 1934.40 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.07% AND 25.08%, 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 215 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 'SEBIICDR REGULATIONS'), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 75.00.
THE ISSUE PRICE IS 7.5 TIMES OF THE FACE VALUE.

ISSUE OPENED ON MONDAY, AUGUST 28, 2017 AND CLOSED ON THURSDAY, AUGUST 31, 2017.
PROPOSED LISTING: FRIDAY, SEPTEMBER 08, 2017*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an approval letter dated August 08, 2017 from NSE for using its name in this 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 commenced on or about September 08, 2017.*
*Subject to receipt of listing and trading approvals from the NSE.

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 amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The issue has received 1387 applications for 46,57,600 Equity Shares resulting in 1.673 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):

Category	Number of Applications	%	Number of Equity	%	Subscription (Times)
Market Maker	1	0.07	2,04,800	4.40	1.00
Retail Individual Investors	1324	95.46	21,18,400	45.48	1.643
Other than Retail Individual Investors	62	4.47	23,34,400	50.12	1.810
TOTAL	1387		46,57,600

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

Category	No. of Applications	No. of Equity Shares
Market Maker	-	-
Retail Individual Investors	37	59,200
Other than Retail Individual Investors	-	-
Total	37	59,200

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

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Market Maker	1	100	2,04,800	2,04,800	100	1.00
Total	1	100	2,04,800	2,04,800	100	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Offer Size (After rounding off)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual Investors	1287	95.40	12,89,600	12,89,600	20,59,200	46.87	1.597
Other than Retail Individual Investors	62	4.60	12,89,600	12,89,600	23,34,400	53.13	1.810
Total	1349	100	25,79,200	25,79,200	43,93,600	100

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on September 05,2017

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 75 per Equity Share, was finalised in consultation with National Stock Exchange Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,04,800 Equity shares.
The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
2,04,800	1	100.00	2,04,800	100.00	2,04,800	2,04,800	2,04,800	1	1	1	2,04,800	-
TOTAL	1	100.00	2,04,800	100.00	2,04,800					1	2,04,800	-

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 75 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 1.597 times i.e. for 20,59,200 Equity Shares. Total number of shares allotted in this category is 12,89,600 Equity Shares to 806 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. Of Shares Applied for (Category wise)	No. Of Applications received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. Of Shares Surplus/ Deficit
1600	1287	100.00	20,59,200	100.00	12,89,600	1002.02	1600	62	99	806	12,89,600	0
TOTAL	1287	100.00	20,59,200	100.00	12,89,600					806	12,89,600	0

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 75 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 1.810 times i.e. for 23,34,400 shares the total number of shares allotted in this category is 12,89,600 Equity Shares to 62 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to Total	Total No. of Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
3,200	13	20.97	41,600	1.78	22981	1767.77	1,600	1	1	13	20800	2181
4,800	8	12.90	38,400	1.64	21213	2651.63	3,200	1	1	8	25600	-4387
6,400	2	3.23	12,800	0.55	7071	3535.50	3,200	1	1	2	6400	671
8,000	7	11.29	56,000	2.40	30936	4419.43	4,800	1	1	7	33600	-2664
17,600	1	1.61	17,600	0.75	9723	9723.00	9,600	1	1	1	9600	123
32,000	10	16.13	3,20,000	13.71	176779	17677.90	17,600	1	1	10	176000	779
33,600	1	1.61	33,600	1.44	18562	18562.00	19,200	1	1	1	19200	-638
40,000	5	8.06	2,00,000	8.57	110487	22097.40	22,400	1	1	5	112000	-1513
48,000	6	9.68	2,88,000	12.34	159101	26516.83	25,600	1	1	6	153600	5501
52,800	3	4.84	1,58,400	6.79	87505	29168.33	28,800	1	1	3	86400	1105
60,800	1	1.61	60,800	2.60	33588	33588.00	33,600	1	1	1	33600	-12
80,000	1	1.61	80,000	3.43	44195	44195.00	44,800	1	1	1	44800	-605
1,26,400	1	1.61	1,26,400	5.41	69828	69828.00	70,400	1	1	1	70400	-572
200,000	1	1.61	2,00,000	8.57	110487	110487.00	1,10,400	1	1	1	110400	87
3,00,800	1	1.61	3,00,800	12.89	166172	166172.00	1,66,400	1	1	1	166400	-228
4,00,000	1	1.61	4,00,000	17.14	220973	220973.00	2,20,800	1	1	1	220800	173
TOTAL	62	100.00	23,34,400	100.00	12,89,601	781363.00	7,82,400	0	0	62	12,89,600	0

The Board of Directors of the Company at its meeting held on September 06, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before September 07, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about September 06, 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 trading on the SME Platform of National Stock Exchange of India Limited 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 meanings assigned to them in the Prospectus dated August 21,2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Sharex Dynamic (India) Private Limited at www.sharexindia.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:

SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
Unit -1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Road, Andheri (East), Mumbai - 400 072, Maharashtra, India.
Tel. No.: +91 - 22 - 2851 5606 / 44 | Fax No.: +91 - 22 - 2851 2885 | Website: www.sharexindia.com
Email: sharexindia@vsnl.com | Investor Grievance Email: pcl.ipo@sharexindia.com
Contact Person: Mr. K. C. Ajitkumar | SEBI Regn. No.: INR000002102

Place : Kadi, Gujarat Date: 06.09.2017	For Pashupati Cotspin Limited On behalf of the Board of Directors Sd/- Mr. Saurin Jagdish Bhai Parikh Chairman & Managing Director

Pashupati Cotspin 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 Pashupati Cotspin IPO .

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

Visit the Pashupati Cotspin IPO allotment status page to check the number of shares allocated to your application.

In Pashupati Cotspin 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 Pashupati Cotspin IPO basis of allotment document to know how the shares are allocated in Pashupati Cotspin IPO.

Pashupati Cotspin IPO Basis of Allotment

Pashupati Cotspin IPO Basis of Allotment FAQs

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