Sansera Engineering IPO Basis of Allotment

Our Company was incorporated as Sansera Engineering Private Limited on December 15, 1981 at Bengaluru, Karnataka India as private limited company under the Companies Act 1956. Our Company was converted into a pubic limited company pursuant to a special resolution passed by our Shareholders at the EGM held on June 19, 2018 and the name of our Company was changed to Sansera Engineering limited. A fresh certificate of incorporation consequent upon conversion to a public limited company was issued by the Registrar of Companies, Karntaka situated in Bangalore ("RcC") on June 29, 2018. For further dates. see "History and Certain Corporate Matters" on page 148 of the prospectus dated September 17, 2021 ("Prospectus").

Our Company has filed the Prospectus with the RoC and the Equity Shares arc proposed to be listed on BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") and the trading will commence on September 24, 2021.

INITIAL PUBLIC OFFER OF 17,244,328 EQUITY SHARES OF FACE VALUE OF RS 2 EACH ("EQUITY SHARES") OF SANSERA ENGINEERING LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs.744^{^} PER EQUITY SHARE ("OFFER PRICE"), THROUGH AN OFFER FOR SALE OF 17,244,328 EQUITY SHARES AGGREGATING TO Rs.12,825.20^{^} MILLION ("OFFER") BY THE SELLING SHAREHOLDERS, COMPRISING OF 8,635,408 EQUITY SHARES BY CLIENT EBENE LIMITED ("CEL"), 4,836,723 EQUITY SHARES BY CVCIGP II EMPLOYEE EBENE LIMITED ("EEL") (COLLECTIVELY THE "INVESTOR SELLING SHAREHOLDERS"), 2,058,069 EQUITY SHARES BY SUBRAMONIA SEKHAR VASAN; 571,376 EQUITY SHARES BY UNNI RAJAGOPAL KOTHENATH; 571,376 EQUITY SHARES BY FATHERAJ SINGHVI* AND 571,376 EQUITY SHARES BY DEVAPPA DEVARAJ (COLLECTIVELY, THE "PROMOTER SELLING SHAREHOLDERS", AND TOGETHER WITH THE INVESTOR SELLING SHAREHOLDERS, THE "SELLING SHAREHOLDERS"). THIS OFFER INCLUDED A RESERVATION OF 127,118 EQUITY SHARES, AGGREGATING TO Rs.90 MILLION (CONSTITUTING 0.25% OF THE POSTOFFER PAID-UP EQUITY SHARE CAPITAL) FOR PURCHASE BY ELIGIBLE EMPLOYEES (THE "EMPLOYEE RESERVATION PORTION"). THE OFFER LESS THE EMPLOYEE RESERVATION PORTION IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER CONSTITUTED 33.56% and 33.32%, RESPECTIVELY, OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY. THE COMPANY, IN CONSULTATION WITH THE BRLMS AND THE SELLING SHAREHOLDERS HAVE OFFERED A DISCOUNT OF 4.84 % (EQUIVALENT TO Rs.36 PER EQUITY SHARE) TO THE OFFER PRICE TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION ("EMPLOYEE DISCOUNT").

OFFER PRICE IS Rs.744 PER EQUITY SHARE AND IS 372 TIMES THE FACE VALUE OF THE EQUITY SHARES, THE ANCHOR INVESTOR OFFER PRICE IS Rs.744 PER EQUITY SHARE.

^ A DISCOUNT OF Rs. 36 PER EQUITY SHARE WAS OFFERED TO ELIGIBLE EMPLOYEES BIDDING IN THE EMPLOYEE RESERVATION PORTION.

* Fatheraj Singhvi is acting in trust for the offer for sale of 61,221 Equity Shares by Lalitha Singhvi, 62,031 Equity Shares by Praveen Singhvi, 62,031 Equity Shares by Lata Singhvi, 62,031 Equity Shares by Jayaraj Singhvi. 62,031 Equity Shares by Tara Singhvi and 62,031 Equity Shares by Indira Singhvi (collectively, the "Singhvi Family Shareholders'').

The Offer was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Net Offer was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"). Our Company with the consent of the Investor Selling Shareholders in consultation with the BRLMs and Promoter Selling Shareholders allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids having been received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Portion (excluding the Anchor Investor Portion) was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was required to be made available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids having been received at or above the Offer Price. Further, not less than 15% of the Net Offer was required to be made available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer was required to be made available for allocation to RIBs in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received from them at or above the Offer Price Further, Equity Shares were required to be available for allocation on a proportionate basis to Eligible Employees applying under the Employee Reservation Portion, subject to valid Bids received from them at or above the Offer Price. All Bidders (except Anchor Investors) were required to mandatority utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank account (including UPI ID for RIBs using UPI Mechanism), in which the corresponding Bid Amounts were blocked by the SCSBs or the Sponsor Bank, as applicable. Anchor Investors are not permitted to participate in the Offer through the ASBA process. For details, see "Offer Procedure" on page 344 of the Prospectus.

The bidding for Anchor Investor opened and closed on Monday, September 13, 2021. The Company received 27 Anchor Investor Application Forms from 21 Anchor Investors (including 3 mutual funds through 7 Mutual Fund schemes) for 5,551,320 Equity Shares. The Anchor investor price was finalized at Rs 744 per Equity Share. A total of 5,135.162 Equity Shares were allocated under the Anchor investor Portion aggregating to Rs 3,820,560,528.00.

The Offer received 575,145 applications for 133,950,260 Equity Shares resulting in 11,0619 times subscription. The details of the applications received in the Offer from Retail Individual Bidders, Non-institutional Bidders, Eligible Employees and QIBs are as under; (before technical rejections):

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/ Offer Closing Date at different bid prices is as under;

The Basis of Allotment was finalized by the Company, in consultation with BRLMs, Selling Shareholders, Designated Stock Exchange, being BSE and the Registrar to the Offer, on September 21, 2021

A. Allotment to Retail Individual Bidders (after technical rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at the Cut-Off Price or at the Offer Price of Rs. 744 per Equity Share, was finalized by the Company, in consultation with BRLMs, Selling Shareholders. BSE and the Registrar to the Offer. This category has been subscribed to the extent of 2,3373 times. The total number of Equity Shares Allotted in Retail Portion is 5,991,024 Equity Shares to 299,551 successful Retail Individual Bidders. The category-wise details of the Basis of Allotment are as under:

B. Allotment to Non-Institutional Bidders (after technical rejections)

The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of Rs 744 per Equity Share, was finalized by the Company, in consultation with BRLMs, Selling Shareholders, BSE and the Registrar to the Offer. The Non-Institutional Portion has been subscribed to the extent of 11,1185 times. The total number of Equity Shares Allotted in this category is 2,567,582 Equity Shares to 1,873 successful Non- Institutional Bidder. The category-wise details of the Basis of Allotment are as under; (Sample)

C. Allotment to Employee Reservation (after technical rejections)

The Basis of Allotment to the Eligible Employees, who have Bid at the Cut-Off price or at the Offer Price of Rs 744 per Equity Share (A discount of Rs 36 per Equity Share was being offered to Eligible Employees bidding in the Employee Reservation Portion), was finalized by the Company, in consultation with BRLMs, Selling Shareholders, BSE and the Registrar to the Offer This category has been subscribed to the extent of 1.07 times. The total number of Equity Shares allotted in this category is 127,118 Equity Shares to 870 successful applicants. The category-wise details of the Basis of Allotment are as under:

In the first instance full allotment to 870 valid applications for 110,660 Equity Shares were made against 127,118 Equity Shares reserved for this category resulting in subscription of Rs.8705 times. The allotment has been made to all the Eligible Employee in the Employee Category and the maximum Bid Amount considered for allotment under the Employee Reservation Portion by an Eligible Employee has not exceeded Rs 200,000 on a net basis. The category-wise details of the Basis of Allotment are as under: (Sample)

However, due to under-subscription in the Employee Reservation Portion post the initial Allotment, the unsubscribed portion of 16,458 Equity Shares have been proportionately allotted to Eligible Employees Bidding in the Employee Reservation Portion, for a value in excess of Rs 200,000, subject to the total Allotment to an Eligible Employee not exceeding Rs 500,000 The Registrar informed that 95 valid applications for 25,360 Equity Shares were received against balance 16,458 Equity Shares reserved under this category resulting in subscription of 1,5409 times. The category-wise details of the Basis of Allotment are as under; (Sample)

D. Allotment to QIBs (excluding Anchor Investors) (after technical rejections)

Allotment to QIBs, who have Bided at the Offer Price of Rs 744 per Equity Share, has been done on a proportionate basis by the Company, in consultation with BRLMs, Selling Shareholders, BSE and the Registrar to the Offer. This category has been subscribed lo the extent of 26,4652 limes of QIB Portion. In accordance with SEBI Regulations, 5% of the QlB Portion i e. 171,173 Equity Shares were Allotted to Mutual Funds and other QIBs and unsatisfied demand of Mutual Funds were Allotted the remaining available Equity Shares i.e, 3,252,269 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Portion is 3,423,442 Equity Shares, which were allotted to 69 successful QIB Bidders. The category-wise details of the Basis of Allotment are as under:

E. Allotment to Anchor Investors

The Company with the consent of the Investor Selling Shareholder, in consultation with the BRLMs and the Promoter Selling Shareholders, have allocated 5,135,162 Equity Shares to 21 Anchor Investors (through 27 Applications) at the Anchor Investor Offer Price of Rs 744 per Equity Share in accordance with the SEBI Regulations. This represents 60% of the QIB Portion.

The IPO Committee of our Company on September 21, 2021, has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum refund intimation are being emailed or dispatched to the email ID or address of the investors as registered with the depositories. Further, the instructions to the Self Certified Syndicate Banks for unblocking of funds, transfer to Public Offer Account have been issued on September 21, 2021, and payment to non-Syndicate brokers has been issued on September 22, 2021. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below, The Equity Shares Allotted to the successful Allottees have been uploaded on September 22, 2021, for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the listing application with BSE and NSE on September 22, 2021. The Company has received listing and trading approval from BSE and NSE and the trading of the Equity Shares will commence on September 24, 2021.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospectus.

Additionally, Nomination and Remuneration Committee of our Company has granted 808,327 options at a price of 1744 per option to eligible employees under the ESOP 2018 scheme. pursuant to its resolution dated September 22, 2021

INVESTORS PLEASE NOTE

The details of the allotment made have been hosted on the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Bid cum Application Form number, number of Equity Shares bid for, name of the Member of the Syndicate, Bidder DP ID, Client ID, PAN, number of Equity Shares applied for the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the Designated Intermediary at the address given below:

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SANSERA ENGINEERING LIMITED.

Sansera Engineering Limited has proposed, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an Initial public offering of its Equity Shares and has filed the Prospectus with RoC on September 17, 2021. The Prospectus shall be available on the website of SEBI at www.sebi.gov.in websites of the Stock Exchanges i.e. BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, and is available on the websites of the BRIMs i.e. ICICI Securities Limited, IIFL Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited at www.icicisecurities.com, www.iiflcap.com and www.nomuraholdings.com/company/group/asia/india/index.html, respectively. Bidders should note that investment in equity shares involves a high degree of risk and for details relating to the same, please see the section entitled "Risk Factors" on page 22 of the Prospectus.

This announcement does not constitute an offer of Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. Any public offering of the Equity Shares to be made in the United Slates will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, there will be no public offering of the Equity Shares in the United States.