Ridings Consulting Engineers IPO Basis of Allotment

RIDINGS CONSULTING ENGINEERS INDIA LTD

The Corporate Identification Number of our Company Is U74899DL1995PLCD75005

Our Company was originally incorporated on December 23,1995 as "Ridings Consulting Engineers India Private Limited" vide Registration no. 55-75005 under the provisions of the Companies Act. 1956 with the Registrar of Companies. N.C T of Delhi and Haryana. Further, Our Company changed its name by deleting "India" word from Company's name consequently name of company was changed from "Ridings Consulting Engineers India Private Limiiad' to "Ridings Consulting Engineers Private Limited' and a fresh certificate of incorporation dated February 09,2009 issued by the Registrar of Companies. N.C.T. of Delhi and Haryana. Furthermore, Our Company has changed its name by adding 'India' word in Company's name & consequently name of company was changed from ' Ridings Consulting Engineers Private Limited" to "Ridings Consulling Engineers India Private Limited" and a fresh certificate of incorporation dated February 22,2011 issued by the Registrar of Companies, N.C.T. of Delhi and Haryana. Further, our Company was converted into Public Limited Company and consequently name of company was changed from "Ridings Consulting Engineers India Private Limited" to "Ridings Consulting Engineers India Limited" vide Spacial resolution passed by tha Shareholders at the Extra-Ordina/y General Meeting held on November 14. 2017 and a fresh certificate of incorporation dated November 24, 2017 issued by the Registrar of Companics, Delhi. For further details please refer to chapter titled "History and Certain Corporate Matters"beginning on page 103 of the Prospectus.

Registered Office: Office No. F-24, First Floor, Pankaj Grand Plaza, Mayur Vihar-I, Delhi- 110091, India
Corporate Office: Premises No. 429-430. Block-II. 2nd Floor. Ganga Shopping Complex. Sector-29. Noida ¦ 201303. Uttar Pradesh, India.
Tel No; +91-120-4694500. Fax No.: +91-120-2450429, E-mail: info@ridingsindia.com.

CONTACT PERSON: MR. ABHISHEK BHARGAV, (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTERS OF OUR COMPANY; MR. SAIN DITTA BAVEJA AND MR SUDHIR KUMAR BAVEJA

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 36,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH (''EQUITY SHARES") OF RIDINGS CONSULTING ENGINEERS INDIA LIMITED ("OUR COMPANY*' OR -ISSUER") FOR CASH AT A PRICE OF RS 18.00 per EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 8.00 PER EQUITY SHARE) ('ISSUE PRICE") AGGREGATING TO RS  655.20 LAKHS ('ISSUE') OF WHICH 1.84.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 13.00 PER EQUITY SHARE, AGGREGATING TO RS 33.12 LAKHS IS RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I, E, ISSUE OF 34,56,000 EQUITY SHARES OF FACE VALUE OF RS 10 00 EACH AT AN ISSUE PRICE OF RS 10.00 PER EQUITY SHARE AGGREGATING TO RS 622.08 LAKHS (IS HEREINAFTER REFERRED TO AS THE ,lNET ISSUE''). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.26% AND 27.78%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 196 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2009 (THE "SEBI ICDR REGULATIONS'), AS AMENDED. THIS ISSUE IS A FlXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLICIS MADE IN' TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS. 2009, AS AMENDED. FOR FURTHER DETAJLS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE' BEGlNING ON PAGE 204 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10,00 EACH AND THE ISSUE PRICE IS RS 18,00 THE ISSUE PRICE IS 1.8 TIMES OF THE FACE VALUE.

ISSUE OPENED ON: WEDNESDAY, MARCH 14, 2018 AND
ISSUE CLOSED ON: FRIDAY, MARCH 16, 2018
PROPOSED LISTING: MARCH 26, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter dated February 19. 2016 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE Limited ("BSE  SME"). For the purpose of this Issue, the Designated Stock Exchange will he the BSE Limited. The trading is proposed to be commenced on or about March 26,2018.*

*Subject to receipt of listing and trading approvals from BSE Limited,
All Applicant were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process hy providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The issue has received 398 applications for 45,28,000 Equity Shares resulting in 1.24 times subscription (including reserved portion of market maker) The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE Limited on March 21,2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 18 per Equity Share. was finalised in consultation wih BSE Limited. The category was subscribed by 1.00 limes. The total number of shares allotted in this category is 1,84,000 Equity shares.
The category wise details of the Basis of Allotment are as under:

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 10 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.25 times i.e. for 31,20,000 Equity Shares. Total number of shares allotted in this category is 24,88,000 Equity Shares to 311 successful applicants.
The category wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 18 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.26 times i.e. for 12,16.000 sheres the total number of shares allotted in this category is 9,68,000 Equity Shares to 6 successful applicants.
The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on March 21, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and in meeting heled on March 22.2018 has authorized the corporate action for issue of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and /or notices will forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before March 23, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to March 23. 2018 In case the same is not received within 10 days, investors may contact at the address given below. 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 The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited (BSE SME} within six working days   from the date of the closure of the issue.
Note:All capitalized terms used and not defined heroin shall have the respective meanings assigned to them in the Prospectus dated February 28, 2018 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue. Skyline Financial Services Private Limited at www.skylinerta.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole appticants, 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:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D- 153A, 1st Floor, Okhla Industrial Area Phase-1,
New Delhi-110020, Tel No: +911164732681 -88,
Fax No; + 91 11 26912602. Email; virenr@skylinerta.com;
Investor Grievance Email: grievances@skylinerta.com,
Contact Person: Mr. Virender Rang, SEBI Regn. No.: IWR000003241