Soni Soya IPO Basis of Allotment

SONI SOYA PRODUCTS LIMITED

Our Company was originally incorporated as 'Soni Soya Products Private Limited' at Indore, Madhya Pradesh as a Private Limited Company under the provision of Companies Act, 2013 vide Certificate of Incorporation dated September 17, 2014 bearing Corporate Identification Number U51225MP2014PTC033203 issued by the Assistant Registrar of Companies, Madhya Pradesh, Gwalior. Subsequently our Company was converted into a Public limited company pursuant to Special Resolution passed by the members in Annual General Meeting held on August 02, 2017 and the name of our Company was changed to Soni Soya Products Limited vide a Fresh Certificate of Incorporation dated August 14, 2017, issued by the Registrar of Companies, Gwalior Madhya Pradesh. For details of Incorporation and other details of our company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on pages 57 and 135 of the Prospectus.

Registered Office: Off no: CS-1, P Square Building, 2nd floor 350, Goyal Nagar, Indore - 452016, Madhya Pradesh, India.
Tel.: +91 0731-4056609; Fax No: N.A. E-mail: cs@sonisoya.com; Website: www.sonisoya.com;
Corporate Identification Number: U51225MP2014PLC033203; Contact Person: Surabhi Gupta, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: DILIP KUMAR SONI AND JAVED ALI

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 18,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ('EQUITY SHARES') OF SONI SOYA PRODUCTS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 25/- PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 15/- PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 450.00 LAKHS ('THE ISSUE'), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 25/- PER EQUITY SHARE, AGGREGATING RS. 24.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). AND 1,98,000 EQUITY SHARES OF RS 10/- EACH FOR CASH AT PRICE OF RS. 25/- PER EQUITY SHARE AGGREGATING RS 49.50 LAKHS WERE RESERVED FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (THE 'EMPLOYEES RESERVATION PORTION') THE ISSUE LESS MARKET MAKER RESERVATION PORTION AND EMPLOYEES RESERVATION PORTION I.E. ISSUE OF 15,06,000 EQUITY
SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 25/- PER EQUITY SHARE, AGGREGATING RS. 376.50 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 34.92 % AND 29.21 % RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Risks to Investors:

I. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Dilip Kumar Soni is Rs. 10.34 and Javed Ali is Rs. 10.13. In terms of Prospectus dated March 19, 2018 and as per SEBI (ICDR) Regulations, 2009 wherein

A. minimum fifty percent to retail individual investors; and,

B. remaining to:

(i) individual applicants other than retail individual investors; and
(ii) other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for;

C.the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category, if so required

Explanation: For the purpose of regulation 43 (four of SEBI (ICDR) regulation 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 209 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 25/-AND IS 2.5 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: WEDNESDAY, MARCH 28, 2018 AND CLOSED ON: WEDNESDAY, APRIL 04, 2018

The Equity Shares of our Company issued 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 XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an in - principle approval letter dated January 10, 2018 from National Stock Exchange of India Limited for using its name in the Issue document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue, EMERGE Platform of the National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 551 applications for 48,72,000 Equity shares (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids) including Market Maker Application of 96,000 Equity Shares. The issue was subscribed to the extent of 2.71 times as per the application data (before rejections, before bids not banked but after Invalid Multiple/Duplicate bids). After considering the technical rejections cases, the issue was subscribed 2.52 times. The details of application received (Before Technical Rejection but after bids not banked and invalid duplicate bids)

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - EMERGE Platform of the National Stock Exchange of India Limited on April 09, 2018

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 25/- 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 96,000 Equity shares in full out of reserved portion of 96,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotmentto the Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.655 times. Total number of shares allotted in this category is 10,62,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Otherthan Retail Individual Investor (After Technical Rejection): The Basis of Allotmentto other than Retail Individual Investors, at the issue price of Rs. 25/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.656 times. Total number of shares allotted in this category is 5,94,000 Equity Shares. The category wise basis of allotment is as under:

D. Allocation to Employees (After Technical Rejection): The Basis of Allotment to the Employees, at the issue price of Rs 25/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 0.24 times. Total number of shares allotted in this category is 48,000 Equity Shares. The category wise basis of allotment is as under:

*the under subscription of 1,50,000 Equity Shares in the Eligible Employees category has been spilled overto Retail and Other Than Retail Individual Bidders category.

The Board of Directors of the Company at its meeting held on April 10, 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 on or before April 12, 2018. Further, the instructions to SCSBs shall be issued on April 10, 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 the 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 April 12, 2018 subject to receipt of listing and trading approvals from National Stock Exchage of India Ltd.

CORRIGENDUM NOTICE TO INVESTORS

This Corrigendum should be read along with the Prospectus dated March 19, 2018 filed with Registrar of Companies, Gwalior, Madhya Pradesh. On page 76 of the Prospectus, in the chapter titled 'Capital Structure' under the heading - 'Our Shareholding Pattern' in column XIV of the table 'the details of number of shares held in dematerialized form' given shall be replaced and read as follows:

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrartothe 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:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri East,
Mumbai-400059 Tel: +91 22 62638200 Fax: +91 22 62638299
E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com
Investor Grievance Id: ipo@bigshareonline.com
Contact Person: Mr. Jibu Jhon SEBI Registration No.: INR000001385