Platinumone Business Services IPO Basis of Allotment

	PLATINUMONE BUSINESS SERVICES LIMITED
	(Formerly known as "PlatinumOne Business Services Private Limited")
	Corporate Identification Number: U67190MH2008PLC185240

Our Company was originally incorporated as PlatinumOne Wealth Advisors Private Limited on July 30, 2008 at Mumbai, Maharashtra as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai. Pursuant to a special resolution passed by the shareholders of the Company at the Extra Ordinary General Meeting held on January 20, 2015, our Company's name was changed to Platinum One Business Services Private Limited. A Certificate of Incorporation pursuant to change of name was issued on February 13, 2015 by the Registrar of Companies, Mumbai. Subsequently, our Company was converted into Public Limited Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of our Company held on July 08.2020 and the name of our Company was changed to "PlatinumOne Business Services Limited" and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company dated July 30,2020 was issued by Registrar of Companies, Mumbai, being Corporate Identification Number U67190MH2008PLC185240

PUBLIC ISSUE OF UPTO 4,22,400 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH ("EQUITY SHARES") OF PLATINUMONE BUSINESS SERVICES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 92.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 82.00 PER EQUITY SHARE (THE "ISSUE PRICE ") AGGREGATING TO RS 388.61 LAKH ("THE ISSUE") OF WHICH 21,600 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR CASH AT A PRICE OF RS 92.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 82.00 PER EQUITY SHARE AGGREGATING TO RS 19.87 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 4,00,800 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT A PRICE OF RS 92.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 82.00 PER EQUITY SHARE AGGREGATING TO RS 368.74 LAKH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.69 % and 25.33 % RESPECTIVELY OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY THE FACE VALUE OF THE EQUITY SHARE IS RS 10.00 AND THE ISSUE PRICE IS 9.2 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited, in terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an Inprinciple Approval dated October 05, 2020 from BSE Limited. BSE Limited shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on or before September 16, 2021 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price Process, the allocation in the Net Issue to the Public Category shall be made pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of Number of Shares applied for. If the Retail Individual Investor Category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designated Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ("ASBA'') process including through UPI mode (as applicable) by providing details of the irrespective bank accounts and / or UPI IDs, in case of Rlls, if applicable, which will be blocked by the Self-Certified Syndicate Banks ("SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 467 applications for 11,64,000 Equity Shares (before technical rejections, after Invalid Bids Multiple/ Duplicate and Bids not banked) including Market Making application of 21,600 Equity Shares. The Issue was subscribed to the extent of 2.84 times as per the bid book received from BSE Limited. After considering invalid bids, bids not banked and technical rejection cases from the Bid book, the Issue was subscribed by 2.69 times including Market Making Reservation Portion. The details of the applications received in the Issue (before technical rejections but after Invalid Bids Multiple / Duplicate and Bids not banked) are as follows: Detail of the Applications Received:

The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - BSE Limited on September 13, 2021.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 92.00 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 21,600 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs. 92.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 2,00,400 Equity Shares. The category was subscribed by 2.41 times. The category-wise details of the Basis of Allotment are as under:

C) Allocation to Other than Retails Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs 92.00 per Equity Share, was finalised in consultation with BSE Limited. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018. The total number of shares allocated in this category is 2,00,400 Equity Shares. The category was subscribed by 3.16 times. The category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on September 13, 2021, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and / or notices shall be dispatched to the address of the investors as registered with the depositories on or before September 14, 2021. Further, the instructions to Self-Certified Syndicate Banks will be processed on or before September 14, 2021 for unblocking of funds. The Equity Shares allotted 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 Registrar to 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 Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on or before September 16, 2021 subject to receipt of listing and trading approvals from BSE Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 24, 2021 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: www.bigshareonline.com.

LEAD MANAGER TO THE ISSUE	REGISTRAR TO THE ISSUE	COMPANY SECRETARY AND COMPLIANCE OFFICER
GREIEX GRETEX CORPORATE SERVICES LIMITED	BIGSHARE SERVICES PRIVATE LIMITED	PLATINUMONE BUSINESS SERVICES LIMITED
Office No. 13,1st Floor, New Bansilal Building,	1st Floor, Bharat Tin Works Building,	Ms. Sony Devhare
Raja Bahadur Mansion, 9-15, Homi Modi Street,	Opp. Vasant Oasis, Makwana Road, Marol,	Company Secretary & Compliance Officer, Unit No. 0907 & 0908. Lodha Supremus II,
Fort, Mumbai - 400 001	Andheri East, Mumbai - 400 059	Plot No. F-4 & F-4/1, Rd No.22, Wagle Estate, Thane - 400604, Maharashtra, India
Tel. No.: +91 -22-4002 5273/	Tel. No.: +91 - 22-6263 8200;	Tel. No.: +91 9152018640
98368 22199 / 98368 21999	Fax No.: +91 - 22-6263 8299	E-mail: company.secretary@platinumone.in
Email: info@gretexgroup.com/	Email: ipo@bigshareonlme.com;	Website: http://www.platinumone.in/
mbk@gretexgroup.com	Website: www.bigshareonline.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 Application Form. Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given.
Website: www.gretexcorporate.com	Investor Grievance Email: investor@bigshareonline.com
Contact Person: Mr. Janil Dilip Jain	Contact Person: Mr. Swapnil Kate
SEBI Registration No: INM000012177	SEBI Registration No.: INR000001385
CIN: U74999MH2008PLC288128	CIN: U99999MH1994PTC076534

LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF PLATINUMONE BUSINESS SERVICESLIMITED.

PLATINUMONE BUSINESS SERVICES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of the Lead Manager at www.gretexcorporate.com, the website of the BSE Limited i.e. www.bseindia.com, and website of the Issuer Company at www.platinumone.in. Investors should note that investment in Equity Shares involves a high degree of risk. For details investors should refer to and rely on the Prospectus including the section titled "Risk Factors" beginning on page 19 of the Prospectus.

The Equity Shares have not been and will not be registered under the US Securities Act (the "Securities Act") or any state securities law in United States and may not be Issued or sold within the United States or to, or for the account or benefit of, "US. persons" (as defined in the Regulations under the Securities Act), except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the Securities Act of 1933.