Siddhika Coatings IPO Basis of Allotment

SIDDHIKA COATINGS LIMITED

Our Company was incorporated on July 20, 2010 as "Siddhika Coatings Private Limited" under the provisions of the Companies Act, 1956 with Certificate of Incorporation bearing Registration Number 206024 dated July 20, 2010 issued by the Registrar of Companies, NCT of Delhi & Haryana. Subsequently our Company was converted into a public limited company pursuant to special resolution passed at the Extra Ordinary General Meeting of our Company held on October 30, 2019. A fresh certificate of incorporation consequent upon conversion to "Siddhika Coatings Limited" was issued on January 14, 2020 by the Registrar of Companies, NCT of Delhi & Haryana. The Corporate Identification Number of our Company post conversion is U45400DL2010PLC206024. 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 56 and 128 respectively of this Prospectus.

INITIAL PUBLIC ISSUE OF UPTO 8,24,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH OF SIDDHIKA COATINGS LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 57 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 47 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 469.68 LAKHS ("THE ISSUE"), OF WHICH UP TO 42000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 57 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 47 PER EQUITY SHARE AGGREGATING TO RS. 23.94 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 7,82.000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH AT A PRICE OF RS. 57 PER EQUITY SHARE AGGREGATING TO RS. 445.74 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.67% AND 25.31 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE NO 226 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10 EACH AND THE ISSUE PRICE IS Rs. 57.00 THE ISSUE PRICE IS 5.7 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.

THIS ISSUE IS BEING MADE THROUGH FIXED PRICE PROCESS, IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2018

(THE "SEBI (ICDR) REGULATIONS"), AS AMENDED

FOR FURTHER DETAILS, PLEASE REFER TO CHAPTER TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 237 OF THE PROSPECTUS.

ISSUE OPENED ON: WEDNESDAY, MARCH 24, 2021 AND ISSUE CLOSED ON: FRIDAY, MARCH 26, 2021

PROPOSED LISTING: APRIL 07, 2021

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 Chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time. Our Company has received an In-approval letter dated March 09, 2021 from National Stock Exchange of India Limited for using its name in this offer document for listing of our shares on the NSE Emerge. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited.

The trading is proposed to be commenced on or about April 07, 2021*

*Subject to receipt of listing and trading approvals from the NSE.

All Applicants were allowed to participate m the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts m which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs")

SUBSCRIPTION DETAILS

The issue has received 628 applications (before rejections and bids not banked) for 20,38,000 Equity Shares resulting in 2.47 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections but after applications not banked) are as follows:

Detail of the Applications Received (Before Technical Rejection but after application not banked):

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

After eliminating technically rejected applications] the following tables give us category wise net valid applications

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange NSE on April 01, 2021.

The category wise details of the Basis of Allotment are as under:

B.

Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 2.38 times i.e. for 10.16.000 Equity Shares Total number of shares allotted in this category is 4.28.000 Equity Shares to 214 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% of Total	Total No. of Equity Shares applied in this Category	% of Total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
2,000	508	100 00	10,16,000	100.00	4,28,000	842.50	2,000	107	254	214	4,28,000	—
TOTAL	508	100.00	10,16,000	100.00	4,28,000		2,000			214	4,28,000	—

C.

Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 57 per Equity Share, was finalized in consultation with NSE The category was subscribed by 2.37 times i.e. for 8,42,000 shares the total number of shares allotted in this category is 3,54,000 Equity Shares to 58 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% of Total	Total No. of Equity Shares applied in this Category	% of Total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant	Serial Number of Qualifying applicants	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	Surplus/ Deficit (14). (17)
4000	21	34.43	84000	9.98	35316	1681.71	2000	6 7	1,2,3,5,6,7	18	36000	-684
6000	4	6.56	24000	2.85	10090	2522.57	2000	1 1		4	8000	2090
6000							2000	1 4	1		2000	-2000
6000	8	13.11	64000	7.60	26907	3363.42	2000	1 1		8	16000	10907
8000							2000	5 8	1,2,3,7,8		10000	-10000
10000	4	6.56	40000	475	16817	4204 28	4000	1 1		4	16000	817
12000	1	1.64	12000	1.43	5045	5045.13	6000	1 1		1	6000	-955
16000	5	8.20	80000	9.50	33634	6726.84	6000	1 1		5	30000	3634
16000							2000	2 5	4,5		4000	-4000
18000	5	8.20	90000	10.69	37838	7567.70	6000	1 1		5	30000	7838
18000							2000	4 5	1,2,4,5		8000	-8000
20000	2	3.28	40000	4.75	16817	8408.55	8000	1 1		2	16000	817
24000	2	3.28	48000	5.70	20181	10090.26	10000	1 1		2	20000	181
26000	3	4,92	78000	926	32793	10931.12	10000	1 1		3	30000	2793
26000							2000	1 3	1		2000	-2000
86000	1	1.64	36000	4.28	15135	15135.39	16000	1 1		1	16000	-865
88000	1	1.64	38000	4.51	15976	15976.25	16000	1 1		1	16000	-24
40000	1	1.64	40000	475	16817	16817.10	16000	1 1		1	16000	817
52000	1	1.64	52000	618	21862	21862.23	22000	1 1		1	22000	-138
56000	1	1.64	56000	6.65	23544	23543.94	24000	1 1		1	24000	-456
60000	1	1.64	60000	7.13	25226	25225.65	26000	1 1		1	26000	-774
Total	61	100	842000	100	354000					58	354000	0

The Board of Directors of the Company at its meeting held on April 01, 2021 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz NSE and has authorized the corporate action for issue of the Equity Shares to various successful applicants. The CAN-cum-allotment advices and/or notices Mill be forwarded to the email id's and address of the Applicants as registered with the depositories / as filed in the application form on or before April 06, 2021 Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to April 06, 2021. In case the same is not received within 10 days, investors may contact at the address given below. 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. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of NSE (NSE EMERGE) within six working days from the date of the closure of the issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 18, 2021 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED at www.skylinertacom. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicants, serial number of die 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:

	SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
	D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi 110020, India
	Telephone: +91-11-40450193-97 Fax No: +91-11-26812682 Email: virenr@skylinerta.com or admin@skylinerta.com
	Investor grievance email: info@skylinerta.com
	Contact Person: Ms Sarita Singh
	Website: www.skylinerta.com
	SEBI Registration Number: INE00003241

	For SIDDHIKA COATINGS LIMITED
	On behalf of Board of Directors
	Sd/-
Place: Delhi	Mr. Charitra Maheshwari Managing Director
Date: April 02, 2021	DIN - 03055689

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 SIDDHIKA COATINGS LIMITED.

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