September 10, 2015 - September 15, 2015

Sri Krishna Constructions IPO Basis of Allotment

SRI KRISHNA CONSTRUCTIONS (INDIA) LIMITED

Our Company was incorporated as 'Sri Krishna Constructions (India) Private Limited' in Bangalore, Karnataka, as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 5,2005 bearing Corporate Identification Number U45201KA2005PTC037848 issued by Registrar of Companies, Karnataka, Bangalore. Our Company was converted in to public company vide fresh Certificate of Incorporation dated June 29,2015 and name of our Company was changed to 'Sri Krishna Constructions (India) Limited'. Our Corporate Identification Number is U45201KA2005PLC037848. For further details of incorporation, changes of name and changes in Registered Office of our Company, please refer to chapter titled 'General Information' 'Our History and Certain Other Corporate Matters' beginning on page 62 and 141 respectively of this Prospectus.

Registered Office: No.1,4th Main Road, Nehru Circle, Sheshadripuram Bangalore - 560020, Karnataka, India
Tel.: 080 23318189; Fax: 080 23318189; E-mail: cs@skcipl.in; Website: www.skcipl.in ;Corporate Identity Number: U45201KA2005PTC037848. Contact Person: Barun Pandey, Company Secretary and Compliance Officer; Promoters of Our Company: Kailash Dubal and Jignesh Dubal

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 25,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SMRES') OF SRI KRISHNA CONSTRUCTIONS (INDIA) LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 35 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS.1134.00 LAKHS ('THE ISSUE'), OF WHICH 1,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE, AGGREGATING RS. 59.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 23,88,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE, AGGREGATING RS. 1074.60 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.08% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated September 4,2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. 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/ institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.

Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 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.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 45.00. THE ISSUE PRICE IS 4.5 TIMES OF THE FACE VALUE ISSUE OPENED ON SEPTEMBER 10, 2015 AND CLOSED ON SEPTEMBER 15,2015.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of Bombay Stock Exchange of India Limited ('BSE') ('BSE SME') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated August 4,2015 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.
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 475 applications for 37,98,000 Equity shares (including Market Maker Application of 1,32,000 Equity Shares) resulting 1.51 times subscription. After considering, Cheque Return, Withdrawls, and Technical/ Multiple Rejection cases, the issue was subscribed 1.50 times (including the Market Maker Portion). The details of application received (Before Technical Rejection & withdrawl of application but after cheque returns)

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES SUBSCRIPTION
(Times)

Market Makers 1 1,32,000 1.00

Other than Retail Individual Investors 60 24,24,000 2.03

Retail Individual Investors 412 12,36,000 1.04

TOTAL 473 37,92,000 1.50

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

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES

Market Makers 0 0

Other than Retail Individual Investors 0 0

Retail Individual Investors 8 24,000

TOTAL 8 24,000

Detail of the Applications Received (After Technical Rejection & withdrawal):

CATEGORY NUMBER OF
APPLICATIONS NUMBER OF
EQUITY SHARES SUBSCRIPTION
(Times)

Market Makers 1 1,32,000 1.00

Other than Retail Individual Investors 60 24,24,000 2.03

Retail Individual Investors 404 12,12,000 1.02

TOTAL 465 37,68,000 1.50

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on September 24,2015.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,32,000 Equity shares in full out of reserved portion of 1,32,000 Equity Shares.

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. 45/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.02 times. Total number of shares allotted in this category is 11,94,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. Of Applications received % to
total Total No. of Equity Shares applied % to
total Proportionate Shares Available Allocation per Applicant Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus /
(Deficit)

3,000 404 100.00 12,12,000 100.00 11,94,000 6,000 66:67 11,94,000 0.00

C. Allocation to Other than Retail Individual Investor (After Technical Rejection and Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 45/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.03 times. Total number of shares allotted in this category is 11,94,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications received % to
total Total No.
of Equity Shares applied % to
total
Proportionate Shares Available Allocation per Applicant
(Before Rounding Off) Allocation per Applicant
(After Rounding Off) Ratio of Allottees to the Applicants Total No.
of Equity Shares allotted Surplus / (Deficit)

6,000 21 35.00 1,26,000 5.20 62,064 2,955.45 3,000 1:1 63,000 936

9,000 10 16.67 90,000 3.71 44,332 4,433.17 3,000 1:1 30,000 -14332

9,000 0 3,000 9:10 27,000 27000

12,000 3 5.00 36,000 1.49 17,733 5,910.89 6,000 1:1 18,000 267

15,000 3 5.00 45,000 1.86 22,166 7,388.61 6,000 1:1 18,000 -4166

21,000 1 1.67 21,000 0.87 10,344 10,344.06 9,000 1:1 9,000 -1344

24,000 1 1.67 24,000 0.99 11,822 11,821.78 12,000 1:1 12,000 178

27,000 3 5.00 81,000 3.34 39,899 13,299.50 12,000 1:1 36,000 -3899

30,000 1 1.67 30,000 1.24 14,777 14,777.23 15,000 1:1 15,000 223

54,000 1 1.67 54,000 2.23 26,599 26,599.01 27,000 1:1 27,000 401

57,000 1 1.67 57,000 2.35 28,077 28,076.73 27,000 1:1 27,000 -1077

60,000 1 1.67 60,000 2.48 29,554 29,554.46 30,000 1:1 30,000 446

66,000 1 1.67 66,000 2.72 32,510 32,509.90 33,000 1:1 33,000 490

72,000 1 1.67 72,000 2.97 35,465 35,465.35 36,000 1:1 36,000 535

75,000 2 3.33 1,50,000 6.19 73,886 36,943.07 36,000 1:1 72,000 -1886

99,000 2 3.33 1,98,000 8.17 97,530 48,764.85 48,000 1:1 96,000 -1530

1,11,000 4 6.67 4,44,000 18.32 2,18,703 54,675.74 54,000 1:1 2,16,000 -2703

1,98,000 1 1.67 1,98,000 8.17 97,530 97,529.70 99,000 1:1 99,000 1470

2,22,000 1 1.67 2,22,000 9.16 1,09,351 1,09,351.49 1,08,000 1:1 1,08,000 -1351

2,25,000 2 3.33 4,50,000 18.56 2,21,658 1,10,829.21 1,11,000 1:1 22,2000 342

Total 60 100 24,24,000 100 11,94,000 11,94,000 0.00

The Board of Directors of the Company at its meeting held on September 28,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before 29/09/2015. Further, the instructions to SCSBs are being processed on 28/09/2015. In case the same is not received within 10 days, investors may contact atthe 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 SME Platform of BSE within Twelve working days from the date of the closure of the Issue. The trading is proposed to commence on or before October 1,2015 subject to receipt of listing and trading approvals from BSE.
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the 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 atthe address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-40430200; Fax: +91-22-28475207
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com

Date: September 28,2015
Place: Banglore, Karnataka For Sri Krishna Constructions (India) Limited
On behalf of the Board of Directors
Sd/-
Kailash Dubal
Managing Director

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 SRI KRISHNA CONSTRUCTIONS (INDIA) LIMITED.

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

Sri Krishna Constructions IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Sri Krishna Constructions IPO .

The Sri Krishna Constructions IPO basis of allotment (published above) tells you how shares are allocated to you in Sri Krishna Constructions IPO and category wise demand of IPO share.

Visit the Sri Krishna Constructions IPO allotment status page to check the number of shares allocated to your application.

In Sri Krishna Constructions IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Sri Krishna Constructions IPO basis of allotment document to know how the shares are allocated in Sri Krishna Constructions IPO.

Sri Krishna Constructions IPO Basis of Allotment

Sri Krishna Constructions IPO Basis of Allotment FAQs

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