September 19, 2017 - September 25, 2017

R M Drip IPO Basis of Allotment

R M DRIP AND SPRINKLERS SYSTEMS LIMITED

Our Company was originally incorporated as R.M. Drip & Sprinklers Systems Private Limited as a Private limited Company under the provisions of Companies Act, 1956 vide Certificate of Incorporation issued by Registrar of Companies, Mumbai, Maharashtra on December 20, 2004 bearing Corporate Identification No. U27200MH2004PTC150101. Subsequently, it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on April 28, 2017 and the name of our Company was changed to 'R M Drip and Sprinklers Systems Limited' and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated June 27, 2017 was issued by Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of our Company is U27200MH2004PLC150101. For further details of change of name and registered office of our Company, please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 158 of the Prospectus.

Registered Office: Gat No. 475, Village Gonde, Taluka Sinnar, Nashik, Mahrashtra-422113, India
Tel No.: 02551-218919; Fax No.: Not Available E-mail: CS@rmdrip.com; Website: www.rmdrip.com
Corporate Identification Number: U27200MH2004PLC150101; Contact Person: Anita Pagar, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: VIJAYKUMAR KSHIRSAGAR, SHUBHANGI KSHIRSAGAR,
ARJUN MAKANI, LILABEN MAKANI, NIVRUTTI KEDAR & SUREKHA KEDAR

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE 20,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 57 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS. 47 PER EQUITY SHARE) AGGREGATING UP TO RS. 1145.70 LAKHS (THE 'ISSUE'), OF WHICH 1,10,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 62.70 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. ISSUE OF 19,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 1083.00 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.04% AND 28.40% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

RISKS TO INVESTORS:

I. As on date of the Prospectus, the average cost of acquisitioin per Equity Share by our Promoters viz. Vijaykumar is 4.34, Shubhangi Kshirsagar is 2.87, Arjun Makani is 6.44, Lilaben Makani is 5.64, Nivrutti kedar is 6.44 and Surekha Kedar is 5.64.

II. In terms of Prospectus dated September 26, 2017 and as per SEBI (ICDR) Regulations, 2009 wherein

     (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 proportioniate 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 274 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRECE IS RS. 57/- AND IS 5.7 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: TUESDAY, SEPTEMBER 19, 2017 AND CLOSED ON: MONDAY, SEPTEMBER 25, 2017

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated August 14, 2017 from NSE EMERGE for using its name in the Issue document for listing of our shares on the EMERGE Planform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of the National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 591 applicationis for 25,08,000 Equity shares (Before Technical Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 1,10,000 Equity Shares. The issue was subscribed to the extent of 1.25 times as per the application data (before technical rejection, bids not banked and invalid duplicate bids). After considering the technical rejections cases, the issue was subscribed 1.03 times.

The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION	REVISED SUBSCRIPTION
Market Maker	1	1,10,000	1.00	1.00
Other than Retail individual Investors	67	11,50,000	1.21	1.05
Retail Individual Investors	436	8,72,000	0.92	0.85
TOTAL	504	21,32,000	1.06	1.03

Note: Revised subscription under Other than Retail Individual Investors category has been calculated after considering the spill over of 1,40,000 equity shares from Retail individual Investors Category.

Final Demand

Sr.No.	Bid Price	No. of Equity Shares Bid	% to total	Cumulative total	% of Cumulative total
1.	53.00	20,000	0.83	20,000	0.83
2.	54.00	0	0.00	20,000	0.83
3.	55.00	10,000	0.42	30,000	1.25
4.	57.00	18,58,000	77.22	18,88,000	78.47
5.	CUT-OFF	5,18,000	21.53	24,06,000	100.00
	Total	24,06,000	100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the national Stock Exchange of India Limited on September 28, 2017

A. Allocation to Market Maker (After Technical Rejections and bids not banked): The Basis of Allotment to the Market Maker, at the issue price of Rs. 57/- per Equity Share, was 1,10,000 Equity shares in full out of reserved portion of 1,10,000 Equity Shares.

B. Allocation to Retail Individual Investors(After Technical Rejections and bids not banked): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 57/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The Category was subscribed by 0.8526 times. Total number of shares allotted in this category is 8,10,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
2,000	405	100	8,10,000	100	9,50,000	2,000	2,000	1 : 1	8,10,000	(14,00,00)

C. Allocation to Other than Retail individual Investors(After Technical Rejections and bids not banked): The Basis of Allotment to Other than Retail individual Investors, at the issue price of Rs. 57/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.053 times. Total number of shares allotted in this category is 10,90,000* Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No. of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
4,000	34	51.52	1,36,000	11.85	1,29,129	3,797.91	2,000	1:1	68,000	-61,129
4,000	34	51.52	1,36,000	11.85	1,29,129	3,797.91	2,000	30:34	60,000	60,000
6,000	9	13.64	54,000	4.70	51,272	5,696.86	4,000	1:1	36,000	-15,272
6,000	9	13.64	54,000	4.70	51,272	5,696.86	2,000	8:9	16,000	16,000
8,000	6	9.09	48,000	4.18	45,575	7,595.82	6,000	1:1	36,000	-9,575
8,000	6	9.09	48,000	4.18	45,575	7,595.82	2,000	5:6	10,000	10,000
10,000	4	6.06	40,000	3.48	37,979	9,494.77	8,000	1:1	32,000	-5,979
10,000	4	6.06	40,000	3.48	37,979	9,494.77	2,000	3:4	6,000	6,000
16,000	1	1.52	16,000	1.39	15,192	15,191.64	16,000	1:1	16,000	808
18,000	2	3.03	36,000	3.14	34,181	17,090.59	16,000	1:1	32,000	-2,181
20,000	1	1.52	20,000	1.74	18,990	18,989.55	18,000	1:1	18,000	-990
26,000	1	1.52	26,000	2.26	24,686	24,686.41	24,000	1:1	24,000	-686
28,000	1	1.52	28,000	2.44	26,585	26,585.37	26,000	1:1	26,000	-585
44,000	1	1.52	44,000	3.83	41,777	41,777.00	42,000	1:1	42,000	223
88,000	4	6.06	3,52,000	30.66	3,34,216	83,554.01	84,000	1:1	3,36,000	1,784
1,74,000	2	3.00	3,48,000	30.31	3,30,418	1,65,209.06	1,66,000	1:1	3,32,000	1,582

*Includes original reservation of 9,50,000 Equity Shares and spillover from Retail Individuals Investor category of 1,40,000 shares.

The Board of Directors of the Company at its meeting held on September 29, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited 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 4, 2017. Further, the instructions to SCSBs shall be issued on September 29, 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 EMERGE Platform of the National Stock Exchange of India Limited within sex working days from the date of the closure of the Issue. The trading is proposed to commence on or before October 04, 2017 subject to receipt of listing and trding approvals from NSE.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the registrar to the Issue at www.bigshareonline.com All future correspondence in the 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^st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol,
Andheri East, Mumbai - 400 059, Maharashtra, India
Tel: + 91 22 62638200; Fax: +91 22 62638299
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Investor Grievance Id: investor@bigshareonline.com
Contact Person: Vipin Gupta; SEBI Registration No.: INR000001385

Date: Sepember 29, 2017 Place: Nashik, Maharashtra	For R M Drip and Sprinklers Systems Limited on behalf of the Board of Directors Sd/- Vijaykumar Kshirsagar Whole Time Director

R M Drip 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 R M Drip IPO .

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

Visit the R M Drip IPO allotment status page to check the number of shares allocated to your application.

In R M Drip 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 R M Drip IPO basis of allotment document to know how the shares are allocated in R M Drip IPO.

R M Drip IPO Basis of Allotment

R M Drip IPO Basis of Allotment FAQs

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