August 25, 2015 - August 27, 2015

Shree Pushkar Chemicals IPO Basis of Allotment

This is only an advertisement for information purpose. This is not a Prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe fo rsecurities.

SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED

Our Company was incorporated as 'Shree Pushkar Petro Products Limited' a public limited company under the Companies Act, 1956 pursuant to a Certificate of Incorporation dated March 29,1993 bearing registration number 11 -71376 of 1993 and certificate of commencement of business on August 3,1993 issued by the Registrar of Companies, Maharashtra, Mumbai. The name of our Company was changed to 'Shree Pushkar Chemicals &Ferblisers Limited' pursuant to fresh certificate of incorporation consequent upon change of name dated March 5,2012 issued by the Registrar of Companies, Maharashtra, Mumbai. Our corporate identification number is U24100MH1993PLC071376.

Registered and Corporate Office: 202, A Wing, Building No. 3, Rahul Mittal Industrial Estate, Sir M.V. Road, Andheri (East), Mumbai - 400 059, Maharashtra Tel. No.: +91 22 4270 2525; Fax No.: +91 22 2850 4242; Company Secretary and Compliance Officer: Kishan Bhargav;
Email: cosec@shreepushkar.com; Website: www.shreepushkar.com

PUBLIC ISSUE OF 1,07,69,200 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITYSHARES') OF SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT APRICE OF RS 65/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 55/- PER EQUITY SHARE) AGGREGATING UP TO RS 700 MILLION CONSISTING OF A FRESH ISSUE OF 87,42,611 EQUITY SHARES AGGREGATING UP TO RS 568.27 MILLION (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF UP TO 20,26,589 EQUITY SHARES BY THE SELLING SHAREHOLDER (AS DEFINED IN 'DEFINITIONS AND ABBREVIATIONS') AGGREGATING UP T0 RS 131.73 MILLION (THE 'OFFER FOR SALE' AND THE 'FRESH ISSUE' ARE TOGETHER REFERRED TO AS, THE 'ISSUE').

THE ISSUE CONSTITUTES 35.64% OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON THE NATIONAL STOCK EXCHANGE OF INDIA LIMITED ('NSE') AND ON BSE LIMITED ('BSE'). THE TRADING WILL COMMENCE ON OR BEFORE SEPTEMBER 10,2015.

ISSUE PRICE: RS 65 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH
THE ISSUE PRICE IS 6.5 TIMES THE FACE VALUE
BID/ISSUE: OPENED ON AUGUST 25, 2015 • CLOSED ON AUGUST 27, 2015

In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the 'SCRR') the Issue was made through Book Building Process in accordance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ('SEBIICDR Regulations') where not more than 50% of the Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ('QIBs') (the 'QIB Category'). 5% of the QIB Category was available for allocation on a proportionate basis to Mutual Funds only and the remainder was available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Investors and 35% of the Issue was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. QIBs and Non-Institutional Investors were mandatorily required to participate in the Issue through the ASBA process. For details, see 'Issue Procedure' beginning on Page 224 of the Prospectus.

The Issue received 21,615 Applications for 1,51,07,600 Equity Shares (before technical rejections) resulting in 1.403 times subscription. The details of the Applications received in the Issue from various categories are as under: (Before technical rejections)

SI no	Category	No. of Applications	No. of Equity Shares	Shares Reserved	No. of times Subscribed
A	Retail Individual Bidders	21,542	59,97,400	37,69,220	1.591
B	Non Institutional Bidders	61	35,33,600	16,15,380	2.187
C	Qualified Institutional Bidders	12	55,76,600	53,84,600	1.036
	Total	21,615	1,51,07,600	1,07,69,200	1.403

Final Demand
A summary of the final demand as per the BSE and the NSE as on the Bid/Issue Closing Date at different Bid prices is as under:

Bid Price	No. of Equity Shares	% to Total	Cumulative Total	Cumulative % to Total
61.00	30,600	0.20	30,600	0.20
62.00	5,400	0.04	36,000	0.23
63.00	10,000	0.07	46,000	0.30
64.00	4,000	0.03	50,000	0.33
65.00	96,89,400	63.04	9,739,400	63.36
CUT-OFF	56,32,000	36.64	15,371,400	100.00
TOTAL	1,53,71,400	100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on September 4,2015.
A. Allotment to Retail Individual Investors (After Technical Rejections) (including ASBA Applications).

The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at the Issue Price of Rs 65 per Equity Share was finalized in consultation with NSE. The category has been subscribed to the extent of 1.553 times. The total number of Equity Shares Allotted in this category is 37,69,220 Equity Shares to 18,846 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied	% to Total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
200	19,597	92.73	39,19,400	66.95	200	53:60	34,61,800
400	587	2.78	2,34,800	4.01	200	1:1	1,17,400
600	185	0.88	1,11,000	1.90	200	1:1	37,000
800	87	0.41	69,600	1.19	200	1:1	17,400
1,000	121	0.57	1,21,000	2.07	200	1:1	24,200
1,200	28	0.13	33,600	0.57	200	1:1	5,600
1,400	40	0.19	56,000	0.96	200	1:1	8,000
1,600	52	0.24	83,200	1.42	200	1:1	10,400
1,800	17	0.08	30,600	0.52	200	1:1	3,400
2,000	30	0.14	60,000	1.02	200	1:1	6,000
2,200	18	0.09	39,600	0.68	200	1:1	3,600
2,400	17	0.08	40,800	0.70	200	1:1	3,400
2,600	19	0.09	49,400	0.84	200	1:1	3,800
2,800	12	0.06	33,600	0.57	200	1:1	2,400
3,000	324	1.53	9,72,000	16.60	200	1:1	64,800
3,000					1	5:81	20
TOTAL	21,134	100	58,54,600	100			37,69,220

B. Allotment to Non Institutional Investors (After Technical Rejections) (including ASBA Applications):

The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Issue Price of Rs 65 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 2.187 times. The total number of Equity Shares Allotted in this category is 16,15,380 Equity Shares to 61 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications Received	% of Total	Total No. of Equity Shares applied	% to Total	No. of Equity Shares allotted per applicant	Ratio	Total No. of Equity Shares allotted
3,200	1	1.64	3,200	0.09	1,463	1:1	1,463
4,600	4	6.56	18,400	0.52	2,103	1:1	8,412
5,000	1	1.64	5,000	0.14	2,286	1:1	2,286
5,400	2	3.28	10,800	0.31	2,469	1:1	4,938
6,000	5	8.20	30,000	0.85	2,743	1:1	13,715
7,000	1	1.64	7,000	0.20	3,200	1:1	3,200
7,400	1	1.64	7,400	0.21	3,383	1:1	3,383
7,600	13	21.31	98,800	2.80	3,474	1:1	45,162
10,000	2	3.28	20,000	0.57	4,571	1:1	9,142
12,800	7	11.48	89,600	2.54	5,852	1:1	40,964
15,000	5	8.20	75,000	2.12	6,857	1:1	34,285
15,200	2	3.28	30,400	0.86	6,949	1:1	13,898
15,400	4	6.56	61,600	1.74	7,040	1:1	28,160
19,000	1	1.64	19,000	0.54	8,686	1:1	8,686
37,400	1	1.64	37,400	1.06	17,097	1:1	17,097
38,400	1	1.64	38,400	1.09	17,555	1:1	17,555
46,200	1	1.64	46,200	1.31	21,120	1:1	21,120
50,000	1	1.64	50,000	1.41	22,857	1:1	22,857
77,000	1	1.64	77,000	2.18	35,200	1:1	35,200
92,800	1	1.64	92,800	2.63	42,423	1:1	42,423
1,00,000	1	1.64	1,00,000	2.83	45,715	1:1	45,715
1,54,000	2	3.28	3,08,000	8.72	70,401	1:1	1,40,802
5,38,400	1	1.64	5,38,400	15.24	2,46,129	1:1	2,46,129
7,69,200	1	1.64	7,69,200	21.77	3,51,639	1:1	3,51,639
10,00,000	1	1.64	10,00,000	28.30	4,57,149	1:1	4,57,149
TOTAL	61	100.00	35,33,600	100.00			16,15,380

C. Allotment to QIBs Investors (After Technical Rejections):

The Basis of Allotment to QIBs who have Bid at the Issue Price of Rs 65 per Equity Share has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 1.036 times. As per the SEBI Regulations, Mutual Funds were Allocated 5% of the Equity Shares of Net QIB Portion, available i.e. 2,69,230 Equity Shares and other QIBs including Mutual Funds, were Allocated the remaining available 51,15,370 Equity Shares on proportionate basis. The total number of Equity Shares allotted in the QIB category is 53,84,600 Equity Shares, which were allotted to 12 successful Applicants. The category-wise details of the Basis of Allotment are as under:

Category	Fls/Banks	MFs	ICs	Others	AIF	Fll	Total
QIB	1,92,765	25,52,693	0	8,15,395	3,40,808	14,82,939	53,84,600

The Board of Directors of the Company, at its meeting held on September 5,2015, has approved the Basis of Allotment of the Equity Shares as approved by the Designated Stock Exchange, being NSE and Allotted the Equity Shares to various successful Applicants. The Allotment Advice-cum-Refund Orders and/ or notices have been dispatched on or before September 8,2015 to the address of the investors as registered with the depositories. Further, instructions to the Self Certified Syndicate Banks have been dispatched/ mailed on September 7,2015. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allotted to the successful allottees have been uploaded on September 7,2015 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company is taking steps for completion of the necessary formalities to get the Equity Shares admitted for trading on the BSE and the NSE within twelve Working Days from the Bid/Issue Closing Date.

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

The details of the Allotment made shall be hosted on the website of Registrar to the Issue, Bigshare Services Pvt. Ltd at www.bigshareonline.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 Bid-Cum-Application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Bigshare Services Private Limited
E2 Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri East, Mumbai - 400 072. Tel: +91 2240430200; Fax: +91222847 5207
Email: ipo@bigshareonline.com; Investor grievance email: investor@bigshareonline.com; Website: www.bigshareonline.com;
Contact Person: MrAshokShetty; SEBI Registration No.: INR000001385; CIN: U99999MH1994PTC076534

Place : Mumbai Date : September 8,2015	For Shree Pushkar Chemicals & Fertilisers Limited On behalf of the Board of Directors sd/- Punit Makharia Managing 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 SHREE PUSHKAR CHEMICALS & FERTILISERS LIMITED.

The Equity Shares offered in the Issue have not been and will not be registered under the U.S. Securities Ad, 1933 ('U.S. Securities Act') or any state securities laws in the United States, 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 only being offered and sold outside the United States in offshore transactions in reliance on Regulation S underthe U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur. 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.

Shree Pushkar Chemicals IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Shree Pushkar Chemicals IPO .

The Shree Pushkar Chemicals IPO basis of allotment (published above) tells you how shares are allocated to you in Shree Pushkar Chemicals IPO and category wise demand of IPO share.

Visit the Shree Pushkar Chemicals IPO allotment status page to check the number of shares allocated to your application.

In Shree Pushkar Chemicals IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Shree Pushkar Chemicals IPO basis of allotment document to know how the shares are allocated in Shree Pushkar Chemicals IPO.

Shree Pushkar Chemicals IPO Basis of Allotment

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