SK International IPO Basis of Allotment

SK INTERNATIONAL EXPORT LIMITED

Our Company was originally formed as partnership firm constituted under the Indian Partnership Act, 1932 (the "Partnership Act) in the name of M/s S.K International (Export) Co., pursuant to a deed of partnership dated November 01, 1991 and subsequent change including addition and retirement of partners by way of partnership deed dated May 18, 2018 thereafter conversion from a partnership firm to a public limited company under Part I of Chapter XXI of the Companies Act, 2013 with the name SK International Export Limited and received a certificate of incorporation from Registrar of Companies, Mumbai on September 13, 2018 bearing corporate identification number U18109MH2018PLC314141. For details of changes in name and registered office of our Company, please refer to the section titled "Our History and Certain Other Corporate Matters' beginning on page 124 of the Prospectus.

INITIAL PUBLIC ISSUE OF 19,80,000 EQUITY SHARES OF FACE VALUE OF Rs.10.00 EACH OF SK INTERNATIONAL EXPORT LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 20.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 10.00 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 396.00 LACS/- ("THE ISSUE"), OF WHICH 1,02,000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH FOR CASH AT A PRICE OF Rs. 20.00 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 10.00 PER EQUITY SHARE AGGREGATING TO Rs. 20.40 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 18,78,000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH AT A PRICE OF Rs. 20.00 PER EQUITY SHARE AGGREGATING TO Rs. 375.60 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.01% AND 25.61% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER IX OFTHE SEBI (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENT) REGULATIONS, 2018 (THE "SEBIICDR REGULATIONS") READ WITH RULE 19(2)(b)(IF SCRR AS AMENDED.

THIS ISSUE IS AFIXED PRICE ISSUE AND ALLOCATION IN THE NETOFFERTOTHE PUBLIC WILL BE MADE IN TERMS OF REGULATION 253(2) OFTHE SEBI (ICDR) REGULATIONS, 2018.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE ISSUE PRICE IS RS. 20/- EACH. THE ISSUE PRICE IS 2 TIMES OF THE FACE VALUE.

PROPOSED LISTING: MONDAY, JULY 15, 2019*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE ("BSE"). Our Company has received in-principal approval letter dated April 08, 2019 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited (^"BSE"). The trading is proposed to be commenced on or about July 15, 2019*.

* Subject to receipt of listing and trading approvals from the BSE SME Platform.

All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs"). Further, pursuant to SEBI Circular No. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 01, 2018, Retail Individual Investors applying in public issue were required to use either Application Supported by Blocked Amount (ASBA) facility for making application or also can use UPI (Unified Payment Interface) as a payment mechanism with Application Supported by Blocked Amount for making application. For details in this regards, specific attention are invited to the chapter titled 'Issue Procedure' beginning on page 214 of the Prospectus.

SUBSCRIPTION DETAILS

The Issue has received 104 applications (after removing applications not banked) for 23,58,000 Equity Shares resulting in 1.19 times subscription (including reserved portion of Market Maker). After considering invalid bids, bids not banked and Technical rejection cases, the issue was subscribed 1.1364 times including Market Maker reservation portion. The details of the applications received in the Issue (before technical rejections) are as follows:

Summary of the Valid Applications Received:

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -BSE SME Platform on 10th July, 2019

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.20/- per Equity Share, was finalised in consultation with BSE SME Platform. The category was subscribed by 1 time. The total number of shares allotted in this category is 1,02,000 Equity shares.

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.20/- per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 0.52 times i.e. for 4,92,000 Equity Shares. Total number of shares allotted in this category is 4,92,000 Equity Shares to 82 successful applicants

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. 20/- per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 1.19 times i.e. for 16,56,000 shares. Total number of shares allotted in this category is 13,86,000 Equity Shares to 17 successful applicants.

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

The Board of Directors of the Company at its meeting held on July 10, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

In terms of the Prospectus dated June 11, 2019 and as per the SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the net offer of shares to the Public shall initially be made available for allotment to retail individual investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors, including Corporate Bodies I Institutions irrespective of number of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall be made available for allocation in the other category, if so required. * For the purpose of sub-regulation (2) of regulations 253, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage".

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address/email id of the Applicants as registered with the depositories as filled in the application form on or before 12th July, 2019. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount will be processed on or prior to 11th July, 2019. 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 BSE SME Platform 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 meaning assigned to them in the Prospectus dated June 11, 2019 ("Prospectus").

INVESTORS PLEASE NOTE: The details of the allotment made would also be hosted on the website of the Registrar to the Issue KARVY FINTECH PRIVATE LIMITED at www.karisma.karvy.com. 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 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:

	Karvy Fintech Private Limited,
	Karvy Selenium Tower-B, Plot 31 & 32, Gachibowli, Financial District, Nanakramguda, Senlingampaily, Hyderabad - 500 032, Telangana, Hyderabad. Tel.: +91 40 6716 2222; Fax: +91 40 2343 1551
	Email: einvrard.ris@karvy.com; Investor Grievance Email: skinternational ipo@karvy.com; Website: https://karisma.karvy.com; SEBI Registration No.: INR000000221 Contact Person: Mr. M Murali Krishna

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 SK INTERNATIONAL EXPORT LIMITED.