Rajshree Polypack IPO Basis of Allotment

* Anchor Investor Bid/lssue Period was one (1) Working Day prior to the Bid/lssue Opening Date, i.e., Friday, September 7,2018.

In terms of Rule 19(2)(b)(i) of the SCRR this Issue has been made for at least 25% of the post-issue paid-up Equity Share capital of our Company. The Issue has been made through Book Building Process in accordance and compliance with Chapter XB and other applicable provisions of SEBIICDR Regulations wherein upto 49.96% of the Net Issue was allocated on a proportionate basis to QIBs, and our Company, in consultation with the Book Running Lead Manager have allocated upto 60% of the QIB Portion to Anchor Investor on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion (excluding Anchor Investor Portion) was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Net Issue was available for allocation on a proportionate basis to Non-lnstitutional Investors and not less than 35% of the Net Issue was available for allocation to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price. All investors (except Anchor Investors) participated in this Issue mandatorily through the Applications Supported by Blocked Amount ('ASBA') process by providing details of their respective bank accounts which were blocked by SCSBs. Anchor Investors were not permitted to participate in the Anchor Investor Portion through the ASBA process.

SUBSCRIPTION DETAILS

The Issue received 2,823 applications for 1,12,22,000 Equity Shares (before technical rejections, multiple rejections but after bids not banked, invalid duplicate, invalid multiple bids) including Anchor Investor application of 8,43,000 Equity Shares & Market Maker application of 1,48,000 Equity Shares. The Issue was subscribed 3.7912 times as per the applications received (before technical rejections, multiple rejections, but after bids not banked, invalid duplicate, invalid multiple bids). After considering the technical rejections, multiple rejections and after bids not banked, invalid duplicate, invalid multiple bids (including Market Maker application of 1,48,000 Equity Shares), the Issue was subscribed 3.7791 times.

The details of the applications received in the Issue (before technical rejections, multiple rejections, but after bids not banked, invalid duplicate, invalid multiple bids) from various categories are as under:

Detail of the applications received:

Final Demand:

A summary of the final demand as per NSE as on the Bid/lssue Closing Date at different Bid prices is as under:

Allocation: The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - NSE EMERGE on September 18,2018.

1) Allotment to Retail Individual Investors (after technical rejections and multiple rejections)

The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at or above the Issue Price of Rs.120 per Equity Share, was finalized in consultation with NSE EMERGE. The category has been subscribed to the extent of 2.7614 times. The total number of Equity Shares Allotted in this category are 9,85,000 Equity Shares to 985 successful applicants. The details of the Basis of Allotment are as under:

* Minimum and maximum application size for this category was 1,000 Equity Shares.

2) Allotment to Non Institutional Bidders (after technical rejections and multiple rejections)

The Basis of Allotment to the Non-lnstitutional Bidders, who have Bid at or above the Issue Price of Rs.120 per Equity Share, was finalized in consultation with NSE EMERGE. This category has been subscribed to the extent of 12.8246 times. The total number of Equity Shares Allotted in this category are 4,22,000 Equity Shares to 66 successful applicants. The category-wise details of the Basis of Allotment are as under:

3) Allotment to QIBs (excluding Anchor Investor Portion and after technical rejections and multiple rejections)

Allotment to QIBs, who have Bid at the Issue Price of Rs. 120 per Equity Share or above, has been done on a proportionate basis in consultation with NSE EMERGE. This category has been subscribed to the extent of 3.6066 times of the Net QIB portion (excluding Anchor Investor Portion). In compliance with SEBI ICDR Regulations, 5% of the Net QIB portion, i.e., 29,000 Equity Shares were reserved for Mutual Funds, however, no applications were received from any Mutual Fund and hence, 29,000 Equity Shares that were reserved for Mutual Funds were added to the Net QIB Portion. The total number of Equity Shares Allotted in the QIB category is 5,72,000 Equity Shares, which were Allotted to two (2) successful applicants. The details of the Basis of Allotment are as under:

QIB category wise details of allotment are as under:

4) Allotment to Anchor Investor

Our Company in consultation with the Book Running Lead Manager have allocated 8,33,000 Equity Shares to one (1) Anchor Investor at the Anchor Investor Issue Price of Rs. 120 per Equity Share in accordance with SEBI ICDR Regulations. The allocation represents 59.29% of the QIB portion.

5) Allotment to Market Maker (after technical rejections and multiple rejections)

The Basis of Allotment to the Market Maker, at the Issue Price of Rs.120 per Equity Share, was finalized in consultation with NSE EMERGE. The category has been subscribed to the extent of 1 time. The total number of Equity Shares Allotted in this category are 1,48,000 Equity Shares in full out of the reserved portion of 1,48,000 Equity Shares.

The members of the IPO Committee of our Company at its meeting held on September 19, 2018 have taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE Emerge and have allotted the Equity Shares to various successful applicants. The Allotment Advice cum funds unblocking intimation/ refund intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched/ e-mailed for unblocking of funds and transfer to the Public Issue Account on September 19, 2018. In case the same is not received, investors may contact the Registrar to the Issue at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on September 19, 2018 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of filing the final listing application with NSE EMERGE and is taking steps to get the Equity Shares of the Company admitted for listing and trading on the NSE EMERGE within six (6) Working Days from the Bid/lssue Closing Date.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 14, 2018 filed with the Registrar of Companies, Mumbai ('RoC').

INVESTORS PLEASE NOTE

The details of the allotment made have been hosted on the website of the Registrar to the Issue - i.e. LINK INTIME INDIA PRIVATE LIMITED at website: www.linkintime.co.in.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First / Sole Bidder, Serial number of the ASBA Form, number of Equity Shares Bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below:

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 RAJSHREE POLYPACK LIMITED.

Disclaimer clause of NSE EMERGE:

As required, a copy of the Offer Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter Ref.: NSE/LIST/83 dated May 4, 2018 permission to the Issuer to use the Exchange’s name in the Offer Document as one of the stock exchanges on which this Issuer's securities are proposed to be listed. The Exchange has scrutinized the draft offer document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to the Issuer. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the Offer Document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of the Offer Document; nor does it warrant that the Issuer’s securities will be listed or will continue to be listed on NSE; nor does it take any responsibility for the financial or other soundness of the Issuer, its promoters, its management or any scheme or project of the Issuer.

It is to be distinctly understood that the permission given by NSE to use their network and software of the Online IPO system should not in any way be deemed or construed that the compliance with various statutory and other requirements by the Company, BRLM, etc. are cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the compliance with the statutory and other requirements nor does it take any responsibility for the financial or other soundness of the Issuer, its Promoters, its management or any scheme or project of the Issuer.

Every person who desires to apply for or otherwise acquire any securities of the Issuer may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against NSE whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever.

Rajshree Polypack Limited has made 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 the Designated Stock Exchange i.e. www.nseindia.com/emerge, the website of the Book Running Lead Manager at www.plindia.com and the website of the Company at www.rajshreepolypack.com. Investors should note that investment in Equity Shares involves a high degree of risk. For details, investors should refer and rely on the Prospectus including the section titled 'Risk Factors' beginning on page 20 of the Prospectus, which has been filed with the RoC.

This announcement has been prepared for publication in India and not to be released or distributed in the United States of America. This announcement is not an offer to sell or a solicitation of any offer to buy Equity Shares of our Company in any jurisdiction, including the United States of America. 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 of America, and may not be offered or sold within the United States of America, except pursuant to an exemption from, or in a transaction not subject to the registration requirements of the U.S. Securities Act and applicable state securities laws. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.