Sintercom India IPO Basis of Allotment

SINTERCOM INDIA LIMITED
Corporate Identity Number: U29299PN2007PLC129627

Our Company was originally incorporated on February 22,2007 as a private limited company under the Companies Act, 1956 in the state of Maharashtra as 'Maxtech Victora India Private Limited' vide Certificate of Incorporation issued by the Registrar of Companies, Maharashtra. Subsequently, the name of our Company was changed to 'Maxtech Sintered Product Private Limited' vide fresh Certificate of Incorporation Consequent Upon Change of Name dated June 15,2007 issued by Registrar of Companies, Maharashtra. Pursuant to a special resolution passed by the shareholders of our Company at the extra-ordinary general meeting held on April 3,2012, the name of our Company was further changed to 'Sintercom India Private Limited' and a Fresh Certificate of Incorporation Consequent Upon Change of Name dated April 26,2012 was issued by Registrar of Companies, Maharashtra. Thereafter, the shareholders of our Company have vide special resolution passed at the extra-ordinary general meeting held on November 2,2017, approved the conversion of our Company from private limited company to a public limited company and vide Fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated November 16,2017 issued by the Registrar of Companies, Maharashtra and the name of our Company was changed to 'Sintercom India Limited'. The Corporate Identification Number (CIN) of our Company is U29299PN2007PLC129627. For details of incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'History and Certain Corporate Matters' beginning on page 54 and 132 respectively of the Prospectus ('Prospectus').

Registered Office: Gat No. 127, At Post Mangrul, Taluka Maval, Talegaon Dabhade, Pune - 410 507, Maharashtra, India. Tel No.: +91 2114 661200; Facsimile: +91 2114 661202;
E-mail: investor@sintercom.co.in; Website: www.sintercom.co.in; Contact Person: Anuja Joshi, Company Secretary and Compliance Officer; E-mail: ajoshi@sintercom.co.in

In terms of Rule 19(2)(b)(i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the 'SCRR') the Offer was made for at least 25% of the post-Offer paid-up Equity Share capital of our Company. The Offer was made through the Book Building Process, in compliance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended the ('SEBI ICDR Regulations') wherein 49.92% of the Net Offer was allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') (the 'QIB Category'), provided that our Company and Selling Shareholders, in consultation with the BRLM, allocated up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the 'Anchor Investor Portion'), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) 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 including Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. Further, not less than 15% of the Net Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer 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 Offer Price. All investors (except Anchor Investors) shall participate in this Offer mandatorily through the Applications Supported by Blocked Amount ('ASBA') process by providing details of their respective bank accounts which will be blocked by SCSBs. For details, see 'Offer Procedure' on page 225 of the Prospectus.
The Offer received 17,708 applications for 244,228,000 Equity Shares as per the bid book resulting in 37.31 times subscription as disclosed in Prospectus. The details of the applications received in the Offer from Retail Individual Bidders, Non-Institutional Bidders. QIBs and Employee reservation portion are as under (before technical rejections):

Final Demand
Asummary of the final demand as per the NSE as on the Bid/Offer Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on February 12,2018.
A. Allotment to Retail Individual Investors (After Technical Rejections)(including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs 65/- per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 15.97 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 2,170,000 Equity Shares to 1085 successful applicants. The category-wise details of the Basis of Allotment are as under:
Note:There were 4 applications for 8,000 Equity Shares bidded by Eligible Employees in Retail Category, these applications were part of Eligible Employee List. Hence, these applications have been shifted to Employee Category.Further, there were 98 applications for 196,000 Equity Shares bided by Retail in Employee Category, these applications were not part of Eligible Employee List. Hence, these applications have been shifted to Retail Category.

*including spill-over of 6,000 Equity Shares from Employee Category
B. Allotment to Non Institutional Investors (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-Institutional Bidders, who have bid at the Offer Price of Rs 65/- per Equity Share or above, was finalized in consultation with the NSE. This category has been subscribed to the extent of 200.37 times. The total number of Equity Shares allotted in this category is 930,000 Equity Shares to 79 successful applicants. The category-wise details of the Basis of Allotment are as under:
Note: There were 5 applications for 28,000 Equity Shares bided by Eligible Employees in Nil Category, these applications were part of Eligible Employee List. Hence, these applications have been shifted to Employee Category.

*including spill over of  2,000 shares from Employee category.
C. Allotment to QIBs (After Technical Rejections)
Allotment to QIBs, who have bid at the Offer Price of Rs 65 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 14.45 times of Net QIB portion. As per the SEBI Regulations, Mutual Funds were to be allotted 5% of the Equity Shares of Net QIB portion available i.e. 61,800 Equity Shares but as no applications have been received for reserved category, no allotment has been made and hence the total number of Equity Shares allotted in the QIB category (including shares reserved for mutual funds) is 12,36,000 Equity Shares, which were allotted to 11 successful Applicants.

Unsubscnbed QIB MF portion of 61,800 Equity shares spilled over to Other QIB Category,
*including spill-over of 6,000 shares from Employee category.
D. Allotment to Anchor Investors

The Company in consultation with the BRLMs has Allocated 18,40,000 Equity Shares to 2 Anchor Investors through 3 Applications at the Anchor Investor Offer Price of  Rs 65 per Equity Shares in accordance with the SEBI Regulations. This represents 59.82% of the QIB Category.
E. Allotment to Eligible Employee under Employee reservation (After Technical Rejections) The Basis of Allotment to the Eligible Employees under Employee reservation portion, who have bid at cut-off or at the Offer Price of Rs 65 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 0.72 times. The total number of Equity Shares Allotted in Employee category is 36,000 Equity Shares to 9 successful applicants.
The category-wise details of the Basis of Allotment are as under:

Note: Under subscription portion of 2,000 equity shares has been spilled over to NII and 6,000 equity shares to Retail category and QIB category each
F. Allotment to Market under Market maker reservation (After Technical Rejections)
The Basis of Allotment to the market maker under market maker reservation portion, who have bid at cut-off or at the Offer Price of Rs  65 per Equity Share, was finalized in consultation with the NSE. This category has been subscribed to the extent of 1.00 time. The total number of Equity Shares Allotted in Market Maker category is 3,34,000 Equity Shares to 1 successful applicant.
The category-wise details of the Basis of Allotment are as under:

The IPO Committee of our Company at its meeting held on February 13,2018 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs shall be dispatched/mailed for unblocking of funds and transfer to the Public Offer Account on or before February 13,2018. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on or before February 14,2018 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of filing the Listing application with NSE on or before February 14,2018. Our Company is taking steps to get the Equity Shares admitted for trading on the NSE within 6 working days of the closure of the Offer.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
INVESTORS PLEASE NOTE
These details of the Allotment made shall be hosted on the website of Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Serial number of the ASBA 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor, 247 Park, L.B.S. Marg, Vlkhroli (West), Mumbai -400 083, Maharashtra, India.
Tel: +91 22 4918 6200; Fax: +91 22 4918 6195; Website: www.linkintime.co.in; Email: sintercom.ipo@linkintime.co.in
Investor Grievance Id: sintercom.ipo@linkintime.co.in; Contact Person: Shanti Gopalkrishnan;
SEBI Registration Number: INR000004058