Poojawestern Metaliks IPO Basis of Allotment

POOJAWESTERN METALIKS LIMITED

Our Company was originally formed as a partnership firm under the Indian Partnership Act, 1932 in the name of 'Pooja Precision Products' and 'Pooja Metal Industries', pursuant to deed of partnership dated January 1,1993 and August 1,2002 respectively. Thereafter both firms were converted to a public limited company under Part XXI of the Companies Act, 2013 under the name of 'Poojawestern Metaliks Limited' at Dared, Jamnagar, Gujarat under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated November 9, 2016 bearing Corporate Identification Number U27320GJ2016PLC094314. The partners of both partnership firm are initial subscribers to Memorandum of Association of our Company. For further details of Incorporation, Change of 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 66 and page 146 of the Prospectus.

Registered Office: Plot No.1, Phase II.GIDC, Dared, Jamnagar, Gujarat - 361004, India
Tel No.: +91 288 2730088; Fax No.: +91 288 2730786; E-mail: info@poojametal.com; Website: www.poojametal.com
Corporate Identification Number: U27320GJ2016PLC094314; Contact Person: Zil Bhavsar, Company Secretary and Compliance Officer

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 15,21,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ('EQUITY SHARES') OF POOJAWESTERN METALIKS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 36/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 26 /- PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 547.56 LAKHS ('THE ISSUE'), OF WHICH 81,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 36/- PER EQUITY SHARE, AGGREGATING RS. 29.16 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. NET ISSUE OF 14,40,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 36/-PER EQUITY SHARE, AGGREGATING RS. 518.40 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.99% AND 28.40% RESPECTIVELYOFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated September 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 256 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
THE ISSUE PRICE OF RS. 36.00 IS 3.6 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON: SEPTEMBER 22, 2017 AND CLOSED ON SEPTEMBER 26, 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 July 31,2017 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stockexchange is BSE SME.

SUBSCRIPTION DETAILS

The Issue has received 739 applications for 2724000 Equity shares (Before Technical Rejections but after Bids not Banked and Bid not registered) (including Market Maker Application of 81000 Equity Shares) resulting 1.79 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.77 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection and after Bids not banked)

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

Detail of the Applications Received (After Technical Rejection):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE on September 30,2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 36/- 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 81,000 Equity shares in full out of reserved portion of 81,000 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. 36/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.81 times. Total number of shares allotted in this category are 11,85,000 Equity Shares. The category wise basis of allotment is as under:

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. 367-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.82 times. Total number of shares allotted in this category is 2,55,000 Equity Shares. The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on October 03,2017 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 October 05,2017. Further, the instructions to SCSBs shall be issued on October 03,2017 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 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 within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before October 05,2017 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.bigshareonline.com. 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:

BIGSHARE SERVICES PRIVATE LIMITED
1' Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol,
Andheri East, Mumbai - 400059, Maharashtra.
Tel.: +91 22 40430200; Fax: +91 22 28475207
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Babu Raphael; SEBI Registration No.: INR000001385