Pennar Engineered IPO Basis of Allotment

Final Demand
A summary of the final demand as per the BSE and the NSE as on the Bid/Issue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on September 3,2015.
A. Allotment to Retail Individual Investors (After Technical Rejections) (including ASBA Applications).
The Basis of Allotment to the Retail Individual Investors, who had Bid at Cut-off Price or at the Issue Price of  Rs 178 per Equity Share was finalized in consultation with BSE. The category has been subscribed to the extent of 0.3863 times. The total number of Equity Shares Allotted in this category is 1,186,480 Equity Shares to 12,632 successful applicants. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non Institutional Investors (After Technical Rejections) (including ASBA Applications):
The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Issue Price of Rs 178 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 0.6992 times. The total number of Equity Shares Allotted in this category is 920,320 Equity Shares to 10 successful applicants. The category-wise details of the Basis of Allotment are as under:

C. Allotment to QIBs, excluding Anchor Investors (After Technical Rejections):
The Basis of Allotment to QIBs who have Bid at the Issue Price of  Rs 178 per Equity Share has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 2.2995 times. As per the SEBI ICDR Regulations, Mutual Funds were Allocated 5% of the Equity Shares of Net QIB Portion, including spillover from the Retail and Non Institutional Category available i.e. 114,024 Equity Shares and other QIBs including Mutual Funds, were Allocated the remaining available 2,166,461 Equity Shares on proportionate basis. The total number of Equity Shares allotted in the QIB category (excluding Anchor Investor Portion) is 4,035,398 Equity Shares, which were allotted to 16 successful Applicants. The category-wise details of the Basis of Allotment are as under:

The un-subscribed portion of 114,024 equity shares of Retail Individual Investors and Non-Institutional Investors was added to QIBs - Mutual Funds. The un-subscribed portion of 2,166,461 equity shares of Retail Individual Investors and Non-Institutional Investors was added to QIBs - Other QIBs + Mutual Funds. D. Allotment to Anchor Investors:
The Company and the Selling Shareholders in consultation with the BRLMs had Allocated 2,632,369 Equity Shares to 14 Anchor Investors through 14 Applications at the Anchor Investor Issue Price of Rs 178 per Equity Shares in accordance with the SEBI ICDR Regulations. This represents 60.00% of the QIB Category.
The IPO Committee of the Company, at its meeting held on September 4,2015, has approved the Basis of Allotment of the Equity Shares approved by the Designated Stock Exchange, being BSE, and Allotted the Equity Shares to various successful Applicants. The Allotment Advice-cum-Refund Orders and/ or notices have been dispatched on or before September 7,2015 to the address of the investors as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks have been dispatched/ mailed on September 3,2015. In case the same is not received within ten (10) days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the BankAccount details as registered, if any, with the depositories. The corporate action to credit the Equity Shares to the successful Applicants has been initiated on September 4,2015 in order to credit the Equity Shares on or before September 7,2015 to their beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps tor completion of the necessary formalities to get the Equity Shares admitted for trading on the BSE and the NSE within twelve Working Days from the Bid/Issue Closing Date.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at www.karisma.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 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 was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31 -32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032 Telangana, India. Tel: +9140 6716 2222; Fax: +9140 23431551 Toll free no.: 1800 3454 001; Email: einward.ris@karvy.com; Investor grievance email: pebspennar.ipo@karvy.com; Website: www.karisma.karvy.com Contact Person: M. Murali Krishna; SEBI Registration No.: INR000000221; CIN: U74140TG2003PTC041636

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 PENNAR ENGINEERED BUILDING SYSTEMS LIMITED.

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Act, 1933 ("U.S. Securities Act") or any state securities laws in the United States, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold outside the United States in offshore transactions in reliance on Regulation Sunder the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur.