Spectrum Electrical IPO Basis of Allotment

Our Company was originally incorporated as Spectrum Polytech Private Limited under the Companies Act, 1956 and the Certificate of Incorporation was issued by the Registrar of Companies. Maharashtra, Mumbai on August 12, 2008. Pursuant to Shareholders' Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on February 18, 2014, name of our Company was changed to Spectrum Electrical Component Private Limited and a fresh Certificate of Incorporation dated March 11, 2014 was issued by the Registrar of Companies, Maharashtra, Mumbai. The name was later changed to Spectrum Electrical Industries Pvt. Ltd. on June 14, 2018. The Company was converted into a Public Limited Company pursuant to Shareholders' Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on May 30, 2018 and the name of our Company was changed to Spectrum Electrical Industries Limited vide a fresh Certificate of Incorporation dated June 20, 2018.

PUBLIC ISSUE OF 39,80,000 EQUITY SHARES OF Rs. 10/- EACH OF SPECTRUM ELECTRICAL INDUSTRIES LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs.65/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO Rs. 2,587.00 LACS ("THE ISSUE"), OF WHICH, 2,00,000 EQUITY SHARES OF Rs 10/- EACH WAS RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE SECTION "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 37,80,000 EQUITY SHARES OF Rs. 10/- EACH FOR CASH AT A PRICE OF RS. 65/- PER SHARE AGGREGATING TO RS. 2,457 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE ". THE ISSUE AND THE NET ISSUE CONSTITUTED 26.32% AND 25.00%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

LISTING: The Equity Shares of our Company offered through Prospectus dated September 6, 2018 are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. Our Company has received an approval letter dated August 31, 2018 from NSE for using its name in this offer document for listing our shares on the EMERGE Platform of NSE. For the purpose of this Issue. EMERGE Platform of National Stock Exchange of India Limited will be the Designated Stock Exchange.

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

SUBSCRIPTION DETAILS

The issue has received 596 applications for 3980000 Equity Shares resulting in 1.21 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections, but after bids not banked, invalid duplicate, invalid multiple bids) are as follows:

Detail of the Applications Received (Before Technical Rejection):

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

After eliminating technically rejected applications, the following tables gives us category wise net valid applications:

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on September 26, 2018.

The details of the Basis of Allotment are as under:

The details of the Basis of Allotment are as under:

The details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on September 27, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on September 27, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount will be processed on or before September 27, 2018. ln 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 National Stock Exchange of India Limited 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 September 6, 2018.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at www.bigshareonline.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:

Disclaimer clause of NSE: As required, a copy of Offer Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter Ref.: NSE/LIST/258 dated August 31, 2018 permission to the Issuer to use the Exchange's name in this Offer Document as one of the stock exchanges on which this Issuer's securities are proposed to be listed. The Exchange has scrutinized this draft offer document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to this Issuer. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the offer document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this offer document; nor does it warrant that this Issuer's securities will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of this Issuer, its promoters, its management or any scheme or project of this Issuer. Every person who desires to apply for or otherwise acquire any securities of this Issuer may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever

Spectrum Electrical Industries Limited has made a public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of designated stock exchange i.e. www.nseindia.com/emerge, the website of the Lead Manager www.arihantcapital.com and website of the Company www.spectrum-india.com. Investors should note that investment in equity shares involves a high degree of risk. For details, Investors should refer and rely on the Prospectus including the section titled "Risk Factors" on page 12 of the Prospectus, which has been filed with ROC.

This announcement has been prepared for publication in India and not to be released or distributed in the United States of America. This announcement is not an offer to sell or a solicitation of any offer to buy equity shares of our Company in any jurisdiction, including the United States of America. The Equity Shares have not been and will not be registered under the U S. Securities Act, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons as defined in Regulation S under the U.S. Securities Act ("U.S. Persons") except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.