July 6, 2017 - July 10, 2017

Shrenik IPO Basis of Allotment

SHRENIK LIMITED

Our Company was originally formed as a proprietary firm in the name and style of 'Shree Shyam Corporation' by Shrenikbhai Vimawala. Then the proprietary firm was converted into partnership firm and registered under The Indian Partnership Act, 1932 in the name and style of 'ShrenikTradelink' pursuant to partnership deed dated November 01, 2012 with Shrenikbhai Vimawala, Himaben Vlmawala, Rishit Vimawala, Virendra Surti, Sonal Surti, Vitthal Jadhav and Nirav Zaveri were initial partners of ('Shrenik Tradelink). 'Shrenik Tradelink' was thereafter converted from a partnership firm to a Private Limited Company under Part IX of the Companies Act, 1956 with the name of 'Shrenik Tradelink Private Limited' and received a Certificate of Incorporation issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli on December 20,2012 bearing Corporate Identification No. U51396GJ2012PTC073061. Further, name of our company was changed to 'Shrenik Private Limited', pursuant to shareholder resolution passed at the Extra-ordinary General Meeting of our Company held on December 01,2016 and a fresh Certificate of Incorporation was issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli on December 19, 2016. Consequently, it was converted into a public limited company pursuant to shareholders resolution passed at Extra-ordinary General Meeting of our Company held on March 25, 2017 and the name of our Company was changed to Shrenik Limited and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated April 03, 2017 was issued by Registrar of Companies, Gujarat, Dadra and Nagar Haveli. The Corporate Identification Number of our Company is U51396GJ2012PLC073061. 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 60 and page 127 of this Prospectus.

Registered Office: D/87, Nava Anaj Bazar, 0pp. Anupam Cinema, Khokhara, Ahemdabad - 380008 Gujarat; Tel No.: 079-22931502; Fax No.: Not Available;
Corporate Office: 505-508,10/11 Beside Mardia Plaza CG Road Ahmedabad-380009, Gujarat; Tel No.: 079-26440303/505; Fax No.: 079-26406810
E-mail: info@shrenik.co.in; Website: www.shrenik.co.in; Corporate Identification Number: U51396GJ2012PLC073061;
Contact Person: Madhulika Mishra, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: SHRENIKBHAI VIMAWALA AND RISHIT VIMAWALA

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 54,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ('EQUITY SHARES') OF SHRENIK LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 30/- PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 2,160,00 LAKHS ('THE ISSUE'), OF WHICH 2,88,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE, AGGREGATING RS. 115.20 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION P0RTION').THE ISSUE LESS MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 51,12,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 40/- PER EQUITY SHARE, AGGREGATING RS. 2,044.80 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.06% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated June 27,2017 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 253 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND
THE ISSUE PRICE OF RS. 40 IS 4 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON THURSDAY, JULY 06, 2017 AND CLOSED ON MONDAY, JULY 10,2017.

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'). In terms of the ChapterXB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, our Company has received an approval letter dated June 09, 2017 from National Stock Exchange of India Limited for using its name in the offer Document for listing of our Shares on EMERGE Platform of National Stock Exchange of India Limited. The designated stock exchange is EMERGE Platform of the National Stock Exchange of India Limited ('NSE EMERGE')

SUBSCRIPTION DETAILS

The Issue has received 3,096 applications for 1,61,58,000 Equity shares (Before Technical Rejection but after Bids not Banked and Invalid Duplicate Bids) (including Market Maker Application of 2,88,000 Equity Shares) resulting 2.99 times subscription. After considering, Technical Rejection cases, Bids not Banked and invalid Duplicate Bids) the issue was subscribed 2.97 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection and after Bids not banked)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	2,88,000	1.00
Other than Retail Individual Investor's	92	68,61,000	2.68
Retail Individual Investor's	3,003	90,09,000	3.52
TOTAL	3,096	1,61,58,000	2.99

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 Investor's	Nil	Nil
Retail Individual Investor's	33	99,000
TOTAL	33	99,000

Detail of the Applications Received (After Technical Rejection and bids not banked):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION	REVISED SUBSCRIPTION
Market Maker	1	2,88,000	1.00	1.00
Other than Retail Individual Investor's	92	68,61,000	2.68	3.09
Retail Individual Investor's	2,970	89,10,000	3.49	3.08
TOTAL	3,063	1,60,59,000	2.97	2.97

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on July 13, 2017.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,88,000 Equity Shares in full out of reserved portion of 2,88,000 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. 40/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 3.08 times. Total number of shares allotted in this category is 28,89,000 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 Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
3,000	2,970	100	89,10,000	100	28,89,000	972.73	3,000	12:37	28,89,000	0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 40/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 3.09 times. Total number of shares allotted in this category is 22,23,000 Equity Shares. The category wise basis of allotment is as under:

Sr. No.	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 Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
1.	6,000	15	16.30	90,000	1.31	29,163	1,944.00	3,000	3:5	27,000	-2,163
2.	9,000	7	7.61	63,000	0.92	20,412	2,916.00	3,000	1:1	21,000	588
3.	12,000	4	4.35	48,000	0.70	15,552	3,888.00	3,000	1:1	12,000	-3,552
4.	15,000	3	3.26	45,000	0.66	14,580	4,860.00	6,000	1:1	18,000	3,420
5.	18,000	1	1.09	18,000	0.26	5,832	5,832.00	6,000	1:1	6,000	168
6.	21,000	1	1.09	21,000	0.31	6,804	6,804.00	6,000	1:1	6,000	-804
7.	24,000	16	17.39	3,84,000	5.60	1,24,418	7,776.13	6,000	1:1	96,000	-28,418
1 additional share is allotted for Serial no 7 in the ratio of 5:8								3,000	5:8	30,000	30,000
8.	27,000	1	1.09	27,000	0.39	8,748	8,748.00	9,000	1:1	9,000	252
9.	30,000	7	7.61	2,10,000	3.06	68,041	9,720.14	9,000	1:1	63,000	-5,041
10.	33,000	1	1.09	33,000	0.48	10,692	10,692.00	9,000	1:1	9,000	-1,692
11.	36,000	2	2.17	72,000	1.05	23,328	11,664.00	12,000	1:1	24,000	672
12.	39,000	1	1.09	39,000	0.57	12,636	12,636.00	12,000	1:1	12,000	-636
13.	42,000	2	2.17	84,000	1.22	27,216	13,608.00	12,000	1:1	24,000	-3,216
1 additional share is allotted for Serial no 13 in the ratio of 1:2								3,000	1:2	3,000	3,000
14.	48,000	2	2.17	96,000	1.40	31,105	15,552.50	15,000	1:1	30,000	-1,105
15.	51,000	6	6.52	3,06,000	4.46	99,146	16,524.33	15,000	1:1	90,000	-9,146
1 additional share is allotted for Serial no 15 in the ratio of 1:2								3,000	1:2	9,000	9,000
16.	54,000	1	1.09	54,000	0.79	17,496	17,496.00	18,000	1:1	18,000	504
17.	60,000	1	1.09	60,000	0.87	19,440	19,440.00	18,000	1:1	18,000	-1,440
18.	75,000	1	1.09	75,000	1.09	24,300	24,300.00	24,000	1:1	24,000	-300
19.	90,000	1	1.09	90,000	1.31	29,160	29,160.00	30,000	1:1	30,000	840
20.	1,02,000	2	2.17	2,04,000	2.97	66,097	33,048.50	33,000	1:1	66,000	-97
21.	1,26,000	7	7.61	8,82,000	12.86	2,85,773	40,824.71	42,000	1:1	2,94,000	8,227
22.	1,86,000	1	1.09	1,86,000	2.71	60,265	60,265.00	60,000	1:1	60,000	-265
23.	2,46,000	2	2.17	4,92,000	7.17	1,59,411	79,705.50	78,000	1:1	1,56,000	-3,411
1 additional share is allotted for Serial no 23 in the ratio of 1:2								3,000	1:2	3,000	3,000
24.	2,49,000	4	4.35	9,96,000	14.52	3,22,709	80,677.25	81,000	1:1	3,24,000	1,291
25.	5,19,000	2	2.17	10,38,000	15.13	3,36,317	1,68,158.50	1,68,000	1:1	3,36,000	-317
26.	12,48,000	1	1.09	12,48,000	18.19	4,04,359	4,04,359.00	4,05,000	1:1	4,05,000	641
	Total	92	100.00	68,61,000	100.00	22,23,000				22,23,000	0

The Board of Directors of the Company at its meeting held on July 13, 2017 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 Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs shall be issued on July 14, 2017 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 July 18, 2017 subject to receipt of listing and trading approval from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.linkintime.co.in 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park, L.B.S. Marg, Vlkhroli (West), Mumbai 400083, Maharashtra, India.
Tel.: +91 22-49186200; Fax: +91 022-49186195
Email: shrenik.ipo@linkintime.co.in; Website: www.linkintime.co.in;
Contact Person: Shanti Gopalkrishnan; SEBI Registration No: INR000004058

Date: July 14,2017 Place: Ahmedabad, Gujarat	For SHRENIK LIMITED On behalf of the Board of Directors Sd/- Shrenikbhai Vimawala Chairman & Managing Director

Shrenik 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 Shrenik IPO .

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

Visit the Shrenik IPO allotment status page to check the number of shares allocated to your application.

In Shrenik 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 Shrenik IPO basis of allotment document to know how the shares are allocated in Shrenik IPO.

Shrenik IPO Basis of Allotment

Shrenik IPO Basis of Allotment FAQs

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