Rex Pipes and Cables IPO Basis of Allotment

Our Company was originally incorporated at Sikar as "Kaler Electricals Private Limited" on 9th July, 2002 under the provisions of the Companies Act, 1956 vide Certificate of incorporation issued by the Registar of Companies, Jaipur The name of company has been changed to "Rex Pipes and Cabies Industries Private Limited" on 19th January, 2018 vide Fresh Certificate of Incorporation issued by the Registrar of Companies, Jaipur Consequent upon the conversion of Company to public Limited company, the name of the Company was changed to Rex Pipes and Cables Industries Limited vide fresh certificate of incorporation dated 1st February, 2018 issued by the Registrar of Companies. Jaipur, for further details of incorporation change of name and registered office of our Company, please refer to chapter filed "General Information" and " Our History and Corporate Structures" beginning on page 48 and page 135 respectively of the Prospectus.

PUBLIC ISSUE OF 24,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF REX PIPES AND CABLES INDUSTRIES LIMITED (THE "COMPANY" OF THE "ISSUER") FOR CASH AT A PRICE OF RS. 26 PER EQUITY SHARE. INCLUDING A SHARE PREMIUM OF RS. 16 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS 624.00 LACS ("THE ISSUE"), OF WHICH UPTO 1,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 26 PER EQUITY SHARE, AGGREGATING RS. 31.20 LACS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF UPTO 22,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH CASH AT A PRICE OF RS. 26 PER EQUITY SHARE, AGGREGATING RS. 592.60 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTES 27.91 % AND 26.51 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

The Equity Shares of the Company are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited ("NSE") in terms of the Chapter IX of the SEBI (ICDR) Regulations. 2018 as amended from time to time. Our Company has received an In-Principle approval from NSE for the listing of the Equity Shares pursuant to letter dated July 16, 2021. NSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on August 10, 2021

(Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited).

The Issue 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. of the Retail Individual Investor category is Entitled to more than 50% on proportion ate 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 Designation Stuck Exchange Such inter-se spilI 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 RlIs, if applicable, which will be blocked by the self Certified Syndicate Banks ("SCSBs")

The Issue has received 14,348 applications 64,300,000 Equity Shares resulting 26.79 times Subscriptions. Out of which 2,394 applications for 9,608,000 Equity Shares were invalid and 4,763 application for 19,692,000 Equity Shares were not banked hence net 7,191 applications for 34,800,000 Equity Shares resulting in 14,50 times subscription has been considered The details of the applications received in the Net Issue before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

In the event of over subscription, the allotment will be made on a proportionate basis at marketable lots. There was over subscription of 25,432,000 Equity Shares in Retail Individual Investors & over subscription of 6,148,000 Equity Shares in Non-Retail Investors. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange-National Stock Exchange of India Limited on August 05, 2021

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 26 per Equity Share, was finalised in consultation with NSE The category was subscribed by 1.00 time. The total number of shares allotted in this category 120,000 Equity Shares in full out of reserved portion of 120,000 Equity Shares

B) Allocation lo Retail Individual Investors (After Technical Rejections 4 Withdrawals): The Basis of Allotment to the Retail individual Investors, at the Issue Price of Rs. 26 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 1,840,000 Equity Shares. The category was subscribed by 14.82 times The category-wise details of the Basis of Allotment are as under

C) Allocation to Other than Retails Category (Alter Technical Rejections & Withdrawals): The Basis of Allotment to the Other than Retails Category, at the Issue Price of Rs. 26 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 253(2) of the SEBI (ICDR) Regulations, 2018, the total number of shares allocated in this category is 440.000 Equity Shares The category was subscribed by 14.97 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 August 05, 2021 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE 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 August 09, 2021, Further, the instructions to Self Certified Syndicate Banks will be processed on or before August 06, 2021 for unlocking 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 Emerge platform of National Stock Exchange of India Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on August 10, 2021 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited ("NSE").

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated July 19, 2021 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue. KFIN TECHNOLOGIES PRIVATE LIMITED at Website: www.klintech.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 below:

	KFIN TECHNOLOGIES PRIVATE LIMITED
	Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial Distnct, Nanakramguda, Serilingampally, Hyderabad - 500 032, Telangana
	Tel No. +9140 6716 2222 Email Id- rexpipesipo@kfintech.com Investor Grievance Email: einwrardris@kfintech.com
	Website: www.kfintech.com SEBI Registration Number: INR000000221 Contact Person: Mr. M Murali Krishna

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 REX PIPES AND CABLES INDUSTRIES LIMITED

REX PIPES AND CABLES INDUSTRIES LIMITED is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market condition and other considerations, to make a Public Issue of its Equity Shares and has filed the Prospectus with the Registrar of Companies, Jaipur. The Prospectus shall be available on the websites of the Company the NSE and the Lead Manager at www.rexpumps.com, www.nseindia.com/emerge and www.navigantcorp.com respectively. Applicants should note that investment In equity shares involves a high degree of risk and for details relating to the same, see the Prospectus, including, the section titled ‘Risk Factors" beginning on page no 24 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933. As amended (the "U.S. Securities Act"), 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 being offered and sold within the United States to persons reasonably believed to be qualified institutional investors (as defined in Rule 144A under the U S Securities Act) pursuant to Rule 144 A under the U S. Securities Act and (ii) outside the United Slates in onshore transactions m reliance on Regulation under the U S Securities Act and applicable laws of the jurisdictions where such offers and sales occur.