August 23, 2016 - August 29, 2016

Shiva Granito IPO Basis of Allotment

SHIVA GRANITO EXPORT LIMITED

Our Company was originally formed and registered as a partnership firm under the Partnership Act 1932 ('Partnership Act') in the name and style of 'M/s Shiva Export Co.' pursuant to a deed of partnership dated July 16,2007. The Constitution and Capital of the partnership firm was changed pursuant to supplementary agreement modifying the partnership deeds dated October 11,2008. April 1,2015 and November 3, 2015. M/s Shiva Export. Co. was thereafter converted from a partnership firm to a public limited company under Part I chapter XXI of the Companies Act 2013 in the name and style of 'Shiva Granito Export Limited' and received a fresh certificate of incorporation from the Registrar of Companies, Rajasthan at Jaipur on December 31, 2015 bearing registration no. 048974. The Corporate Identification Number of our Company is U14200RJ2015PLC048974. For details of Incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 74 and 180 respectively of the Prospectus.

Registered Office: 8, Bhatt Ji Ki Baari, Udaipur- 313001 Rajasthan, India; Tel Ho.: 0294-2427577; Fax No.: 0294-2414463
E-mail: cs@shivaexport.in: Website: www.shivaexport.in;
Corporate Identity Number: U14200RJ2015PLC048974; Contact Person: Youghveer Singh Rathore, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: SURESH UPADHYAY AND ABHISHEK UPADHYAY

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 42,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF SHIVA GRANITO EXPORT LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PHICE OF RS. 12 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 2 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 504.00 LAKHS ('THE ISSUE'), OF WHICH 2,20,000 EQUITY SHARES OF FACE VALUE RS. 10 EACH FOR CASH AT A PRICE OF RS. 12 PER EQUITY SHARE, AGGREGATING RS. 26.40 LAKHS 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 39,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 12 PER EQUITY SHARE, AGGREGATING RS. 477.60 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 31.78% AND 30.12% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY

In terms of Prospectus dated August 12,2016 and as per Regulation 43(4) of 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 proportionate 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 303 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE OF RS. 12.00 IS 1.2 TIMES OF THE FACE VALUE
ISSUE OPENED ON AUGUST 23, 2016 AND CLOSED ON AUGUST 29, 2016.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') ('BSE SME') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. TheCompany is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated July 14,2016 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.

SUBSCRIPTION DETAILS

The Issue has received 701 applications for 93,90,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 2,20,000 Equity Shares) resulting 2.24 times subscription. After considering, Technical Rejection cases, the issue was subscribed 2.18 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	2,20,000	1.00
Other than Retail Individual Investors	42	25,90,000	1.30
Retail Individual Investors	658	65,80,000	3.31
TOTAL	701	93,90,000	2.24

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES
Market Maker	Nil	Nil
Other than Retail Individual Investors	1	80,000
Retail Individual Investors	14	1,40.000
TOTAL	15	2,20,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION	REVISED SUBSCRIPTION
Market Maker	1	2,20,000	1.00	1.00
Other than Retail Individual Investors	41	25,10,000	1.26	2.26
Retail Individual Investors	644	64,40,000	3.24	2.24
TOTAL	686	91,70,000	2.18	2.18

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stack Exchange-BSE on September 01,2016

A. Allocation to Market Maker (AfterTechnical Rejeclions):TheBasis of Allotmentto the Market Maker, at the issue priceof Rs. 12/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,20,000 Equity shares in full out of reserved portion of 2,20,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 12/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.24 times. Total number of shares allotted in this category is 28,70,000 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 Applicaot (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicaots	Total No. of Equity Shares allotted	Surplus/ (Deficit)
10,000	644	100.00	64,40,000	100.00	28.70,000	4456.52	10,000	41:92	28,70,000
TOTAL	644	100.00	64,40,000		28,70,000				28,70,000

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotmentto other than Retail Individual Investors, at the issue price of Rs. 12/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.26 times. Total number of shares allotted in this category is 11,10,000 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 Roundiog Off)	Ratio of Allottees to the Applicaots	Total No. of Equity Shares allotted	Surplus/ (Deficit)
20,000	7	17.07	1,40,000	5.58	61,912	8,844.62	10,000	1:1	70,000	8,088
30.000	7	17.07	2,10,000	8.37	92,869	13,265.93	10,000	1:1	70,000	(22,869)
40,000	7	17.07	2,80,000	11.16	1,23,825	17,689.24	10,000	1:1	70,000	(53.825)
40,000							10,000	6:7	60,000	60,000
50,000	5	12.20	2,50,000	9.96	1,10,558	22,111.55	20,000	1:1	1,00,000	(10,558)
70,000	3	7.32	2,10,000	8.37	92,869	30,956.18	30,000	1:1	90,000	(2,869)
80,000	3	7.32	2,40,000	9.56	1,06,135	35,378.49	40,000	1:1	1,20,000	13,865
90,000	5	12.20	4,50,000	17.93	1,99,004	39,800.80	40,000	1:1	2,00,000	996
1,30,000	1	2.44	1,30,000	5.18	57,490	57,490.04	60,000	1:1	60,000	2,510
1,50,000	1	2.44	1,50,000	5.98	66,335	66,334.66	70,000	1:1	70,000	3,665
2,00,000	1	2.44	2,00,000	7.97	88,446	88,446.22	90,000	1:1	90,000	1,554
2,50,000	1	2.44	2,50,000	9.96	1,10,557	1,10,557.77	1,10,000	1:1	1,10,000	(557)

The Board of Directors of the Company at its meeting held on September 01, 2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories/as filled in the application form on or before September 02,2016. Further, the instructions to SCSBs have been issued on September 02,2016 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 SME Platform of BSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before Septemher 07,2016 subject to receipt of listing and trading approvals from BSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this 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 lodgedand payment details at the addressof the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-4043 0200; Fax: +91-22-2847 5207
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Vipin Gupta; SEBI Registration No: INR000001385

Date: September 01, 2016 Place: Udaipur, Rajasthan	For Shiva Granito Export Limited On behalf of the Board of Directors Sd/- Suresh Upadtiyay Chairman and Whole-Time Director

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 SHIVA GRANITO EXPORT LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Shiva Granito IPO Basis of Allotment

Shiva Granito IPO Basis of Allotment FAQs

Read more about Shiva Granito IPO

Shiva Granito IPO Basis of Allotment

Shiva Granito IPO Basis of Allotment FAQs

How shares are allotted in Shiva Granito IPO?

What is Shiva Granito IPO basis of allotment status?

What is Shiva Granito IPO allotment process?

Read more about Shiva Granito IPO