ShreeOswal Seeds & Chemicals IPO Basis of Allotment

Our Company was originally formed as a partnership firm under the Indian Partnership Act, 1932 in the name of "M/s Oswal Seeds and Chemicals" pursuant to a deed of partnership dated July 29, 2002. M/s Oswal Seeds and Chemicals, was thereafter converted from a partnership firm to a public limited company under Section 366 of the Companies Act, 2013 with the name of "Shree Oswal Seeds and Chemicals Limited" and received a fresh certificate of incorporation from the Registrar of Companies, Central Registration Centre, on December 01, 2017 and Corporate Identification Number of our Company is U01111MP2017PLC044596. For Further 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 70 and 159 of the Prospectus.

Registered Office: "Oswal House", Opposite Balkavibairagi College, Nasirabad Highway, Village Kanwati Neemuch-458441, Madhya Pradesh, India.
Tel. No.: +917423-297006; Fax No.: 917243-297511; E-mail: info@oswalseeds.com; Website: www.oswalseeds.com; Corporate Identification Number: U01111MP2017PLC044596; Contact Person: Anjali Bamboria, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: ANIL KUMAR NAHATA & SANAJY KUMAR BAIGANI

BASIS OF ALLOTMENT

Our Company had filed the Prospectus with the Registrar of Companies, Gwalior and the Equity Shares are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE") and the trading is expected to commence on or before June 20, 2018.

INITIAL PUBLIC OFFER CONSISTING OF FRESH ISSUE OF 45,76,000 EQUITY SHARES OF FACE VALUE OF RS.10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 26/- PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING A SHARE PREMIUM OF RS. 16/- PER EQUITY SHARE) AGGREGATING RS. 1189.76 LAKHS (THE "ISSUE"), OF WHICH 2,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 26/- PER EQUITY SHARE, AGGREGATING RS. 60.32 LAKHS WERE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 43,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 26/- PER EQUITY SHARE, AGGREGATING RS. 1129.44 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.02% AND 28.49% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In  terms of  Prospectus dated June 13, 2018 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  number 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 236 of the Prospectus.

RISKS TO INVESTORS:

I. This being the first public issue of our company, there has been no formal market for the Equity shares. The face value of the equity shares is Rs.10/-  each. The Floor Price 2.5 times the face value and the Cap Price is 2.6 times the face value. The Issue Price (determined and justified by our Company in consultation with the BRLM as stated in "Basis for Issue Price" on page 104 should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing.

II. As on date of the Red Herring Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Anil Kumar Natha is Rs. 10.11/- and Sanjay Kumar Baigani is Rs. 10.11/-.

ISSUE PRICE : RS. 26/- PER EQUITY SHARE
THE FACE VALUE OF EQUITY SHARES IS Rs.10/- EACH AND
ISSUE PRICE OF Rs. 26/- IS 2.6 TIMES OF THE FACE VALUE OF EQUITY SHARES

ISSUE OPENED ON: THURSDAY JUNE 07, 2018 | ISSUE CLOSED ON: FRIDAY JUNE 12, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE PLATFORM OF NATIONAL STOCK EXCHANGE OF INDIA LIMITED ("NSE"). In terms of the Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, Our Company has received an In-Principle approval letter dated April 24,2018 from NSE for using its name in the Prospectus for listing of our equity shares on the SME Platform of NSE. For the purpose of this Issue, the designated Stock Exchange will be National Stock Exchange of India Limited.

SUBSCRIPTION DETAILS

The Issue has received 3123 applications for 17536000 Equity shares (Before Technical Rejections but after bids not banked, invalid duplicate and multiple bids) including Market Maker Application of  2,32,000 Equity Shares. The issue was subscribed to the extent of 3.96 times as per the application data (before technical rejection, bids not banked and invalid duplicated bids). After considering the technical rejections cases, the issue was subscribed 3.76 times.
Details of Application  Received (Before Technical Rejection but aftar bid not banked and invalid duplicate and multible bids):

Final Demand:

ALLOCATION:The Basis of Allotment was finalizedin consultation with the Designated Stock Exchange- National StockExchange of lndia Limited on June 15, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 26/- per Equity Share, was finalized in consultation with the NSE. The category was subscribed by 1 times. The total number of shares alloted in this category 2,32,000 Equity share in full out of reserved portion of 2,32,000 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. 26/- per Equity Share, was finalized in consultation with the NSE. The category was subscribed by 3.902 times. Total number of shares allotted in this category 30,36,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Non Retail investors (After Technical Rejection): The Basis of Allotment to other than Retail Individual investors, at the issue price of Rs. 26/- per Equity Share, was finalized in consultation with the NSE. The category was subcribed by 3.914 Times. Total number of shares allotted in this category is 1308000 Equity Shares. The category wise basis of allotment is as under:

The Board of  Directors of the Company at its meeting held on June 16, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to SCSBs shall be issued on June 18, 2018, 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 EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before June 20, 2018 subject to receipt of listing and trading approvals from the NSE.

INVESTORS PLEASE NOTE

The details of the allotment made will 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 lodged and payment details at the address of the Registrar given below:

BIGHSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building ,Opp, Vasant Oasis, Makwana Road Marol, Andheri (East), Mumbai - 400059, Maharashtra, India.
Tel: +91 22 62638200; Fax: +91 22 62638299; Email: ipo@bigshareonline.com; Website: www.bigshareonline.com;
Investor Grievance Id: investor@bigshareonline.com
Contact Person: Babu Rapheal; SEBI Registration Number: INR000001385