February 6, 2017 - February 9, 2017

Steel City Securities IPO Basis of Allotment

STEEL CITY SECURITIES LIMITED

Our Companywas incorporated as a public limited company on February 22,1995 underthe provisions of the Companies Act, 1956 as Steel City Securities Limited with Registration No. 01-19521 and obtained certificate of commencement of business on April 20,1995 from the Registrar of Companies, Andhra Pradesh at Hyderabad. For details of changes in the name and the registered office of our Company, see the chapter titled 'History and Certain Corporate Matters' beginning on page 119 of the Prospectus.

Registered Office & Corporate Office: 49-52-5/4, Sri Kanya Towers, Shantipuram, Visakhapatnam - 530016, Andhra Pradesh.;
Tel: (0891) 2549675-79/2762581-84; Fax: (0891) 2720135/2762586 Contact Person: Ms. M. Srividya, Company Secretary and Compliance Officer,
E-mail: srividya.m@steelcitynettrade.com; Website: www.steelcitynettrade.com
Corporate Identification Number: U67120AP1995PLC019521

BASIS OF ALLOTMENT

PUBLIC OFFER OF 49,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF STEEL CITY SECURITIES LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 55/-PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 45/-PER EQUITY SHARE) AGGREGATING UPTO RS 2699.40 LACS CONSISTING OF A FRESH ISSUE OF 27,26,183 EQUITY SHARES AGGREGATING UPTO RS 1499.40 LACS (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 21,81,817 EQUITY SHARES OF THE COMPANY COMPRISING OF 8,94,809 EQUITY SHARES BY MR. G. SREE RAMA MURTHY, 5,96,540 EQUITY SHARES BY MR. K. SATYANARAYANA AND 6,90,468 EQUITY SHARES BY MR. G. RAJAGOPAL REDDY (COLLECTIVELYTHE 'SELLING SHAREHOLDERS') ('OFFER FOR SALE') AGGREGATING TO RS 1200 LACS (THE 'OFFER') (THE 'OFFER FOR SALE' AND THE 'FRESH ISSUE' ARE TOGETHER REFERRED TO AS, THE 'OFFER'). OUT OF THE OFFER, 2,46,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR A CASH PRICE OF RS 55 PER EQUITY SHARE, AGGREGATING TO RS 135.30 LACS ARE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. OFFER OF 46,62,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT AN OFFER PRICE OF RS 55 PER EQUITY SHARE AGGREGATING TO RS 2564.10 LACS IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER CONSTITUTE 32.49% AND 30.86%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

OFFER PRICE: RS 55/- PER EQUITY SHARE
THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND
THE ISSUE PRICE OF RS 55/- IS 5.5 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.

ISSUE OPENED ON FEBRUARY 06, 2017 AND CLOSED ON FEBRUARY 09, 2017.

The Equity Shares offered 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. The Company has received an in-principle approval from National Stock Exchange of India Limited vide their letter dated November 03,2016 for using its name in the Offer Documentfbr listing of our Shares on EMERGE Platform of National Stock Exchange of India Limited.The Designated Stock Exchange is the National Stock Exchange of India Limited ('NSE').

SUBSCRIPTION DETAILS

The Issue has received 8,204 applications for 2,39,28,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 2,46,000 Equity Shares) resulting 4.88 times subscription. Before considering, Technical Rejection cases, the issue was subscribed 4.63 times (including the Market Maker Portion).
The details of application received (Before Technical but after application not banked and invalid duplicate application)

CATEGORY	NUMBEROF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Makers	1	2,46,000	1.00
Other than Retail Individual Investor's	321	72,78,000	3.12
Retail Individual Investor's	7,590	1,51,80,000	6.51
TOTAL	7,912	2,27,04,000	4.63

Detail of the Applications Received (AfterTechnical Rejection):

CATEGORY	NUMBEROF APPLICATIONS	% TO TOTAL	ISSUE SIZE (AS PER PROSPECTUS)	NUMBER OF EQUITY SHARES APPLIED (VALID)	AMOUNT (RS)	SUBSCRIPTION (TIMES)
Market Makers	1	0.01	2,46,000	2,46,000	1,35,30,000	1.00
Otherthan Retail Individual Investor's	316	4.06	23,31,000	72,58,000	39,91,90,000	3.12
Retail Individual Investor's	7462	95.92	23,31,000	1,49,24,000	82,08,20,000	6.51
TOTAL	7779	100.00	49,08,000	2,24,28,000	1,23,35,40,000	4.63

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on February 14,2017.

A. Allocation to Market Maker(AfterTechnical Rejections): The Basis ofAllotment to the Market Maker, at the issue price of Rs 55/-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 2,46,000 Equity Shares in full out of reserved portion of 2,46,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis ofAllotment to the Retail Individual Investors, at the issue price of Rs 55/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscri bed by 6.51 times. Total number of shares allotted in this category is 31,38,000 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	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Number of successful applicants (after rounding)	Total No. of Equity Shares allotted	Surplus/ (Deficit)
2,000	7462	100.00	1,49,24,000	100.00	31,38,000	420.53	2,000	1569:7462	1569	31,38,000	0

Note: The equity shares available for allotment have been arrived in the equal proportion of the respective over subscription ratio of Retail Individual and Non Retail Individual Investors category. In view of the explanation provided under sub-regulation (4) of regulations 43 of the SEBI (ICDR) Regulation, 2009, if the Retail individual investor Category is entitled to more than 50% on proportionate basis, the Retail Individual Investors shall be allocated that higher percentage. Accordingly in view of application in Retail Category being 67.28% and in Non-Retail Category being 32.72%,allotment size has been derived. Further, owing to rounding off, an additional share has been proportioned to be allotted in retail investors.

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis ofAllotment to other than Retail Individual Investors, at the issue price of Rs 55/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscri bed by 3.12 times. Total number of shares allotted in this category is 15,24,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	Number of Applications received	% to total	Total No. of Shares applied in each category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicants	Number of successful applicants (after rounding)	Total No. of Shares allocated/ allotted	No. of Shares Surplus/ (Deficit)
4000	114	36.08	456000	6.28	95749	839.90	2000	8:19	48	96000	251
6000	29	9.18	174000	2.40	36536	1259.85	2000	18:29	18	36000	-536
8000	21	6.65	168000	2.31	35276	1679.80	2000	6:7	18	36000	724
10000	43	13.61	430000	5.92	90289	2099.75	2000	1:1	43	86000	-4289
12000	6	1.90	72000	0.99	15118	2519.70	2000	1:1	6	12000	-3118
14000	5	1.58	70000	0.96	14698	2939.65	4000	4:5	4	16000	1302
16000	5	1.58	80000	1.10	16798	3359.60	4000	1:1	5	20000	3202
18000	20	6.33	360000	4.96	75591	3779.55	4000	19:20	19	76000	409
20000	12	3.80	240000	3.31	50394	4199.50	4000	1:1	12	48000	-2394
22000	3	0.95	66000	0.91	13858	4619.45	4000	1:1	3	12000	-1858
24000	3	0.95	72000	0.99	15118	5039.40	6000	1:1	3	18000	2882
26000	1	0.32	26000	0.36	5459	5459.36	6000	1:1	1	6000	541
28000	3	0.95	84000	1.16	17638	5879.31	6000	1:1	3	18000	362
30000	9	2.85	270000	3.72	56693	6299.26	6000	1:1	9	54000	-2693
34000	1	0.32	34000	0.47	7139	7139.16	8000	1:1	1	8000	861
36000	3	0.95	108000	1.49	22677	7559.11	8000	1:1	3	24000	1323
40000	7	2.22	280000	3.86	58793	8399.01	8000	1:1	7	56000	-2793
42000	1	0.32	42000	0.58	8819	8818.96	8000	1:1	1	8000	-819
44000	3	0.95	132000	1.82	27717	9238.91	10000	1:1	3	30000	2283
46000	2	0.63	92000	1.27	19318	9658.86	10000	1:1	2	20000	682
58000	1	0.32	58000	0.80	12179	12178.56	12000	1:1	1	12000	-179
60000	3	0.95	180000	2.48	37796	12598.51	12000	1:1	3	36000	-1796
62000	1	0.32	62000	0.85	13018	13018.46	14000	1:1	1	14000	982
80000	1	0.32	80000	1.10	16798	16798.02	16000	1:1	1	16000	-798
82000	2	0.63	164000	2.26	34436	17217.97	18000	1:1	2	36000	1564
90000	6	1.90	540000	7.44	113387	18897.77	18000	1:1	6	108000	-5387
90000							2000	3:6		6000	6000
100000	3	0.95	300000	4.13	62993	20997.52	20000	1:1	3	60000	-2993
100000							2000	2:3		4000	4000
178000	1	0.32	178000	2.45	37376	37375.59	38000	1:1	1	38000	624
180000	2	0.63	360000	4.96	75591	37795.54	38000	1:1	2	76000	409
320000	1	0.32	320000	4.41	67192	67192.06	68000	1:1	1	68000	808
374000	1	0.32	374000	5.15	78531	78530.72	78000	1:1	1	78000	-531
396000	1	0.32	396000	5.46	83150	83150.18	84000	1:1	1	84000	850
450000	1	0.32	450000	6.20	94489	94488.84	94000	1:1	1	94000	-489
540000	1	0.32	540000	7.44	113386	113386.61	114000	1:1	1	114000	614
	316	100	7258000	100	1524000	-	-	-	234	1524000	0

The Board of Directors of the Company at its meeting held on February 15,2017 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 February 20,2017. Further, the instructions to SCSBs have be issued on February 15,2017 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 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 February 17,2017 subject to receipt of listing and trading approval from National Stock Exchange of India Limited.

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

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 at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (East), Mumbai 400 072. Tel.: +91-22-4043 0200; Fax: +91-22-2847 5207; Email: ipo@bigshareonline.com;
Website: www.bigshareonline.com; Contact Person: Mr. Babu Raphael; SEBI Registration No: INR000001385

Date: February 15,2017 Place: Visakhapatnam	For STEEL CITY SECURITIES LIMITED Sd/- M. Srividya Company Secretary and Compliance Officer

Steel City Securities 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 Steel City Securities IPO .

The Steel City Securities IPO basis of allotment (published above) tells you how shares are allocated to you in Steel City Securities IPO and category wise demand of IPO share.

Visit the Steel City Securities IPO allotment status page to check the number of shares allocated to your application.

In Steel City Securities 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 Steel City Securities IPO basis of allotment document to know how the shares are allocated in Steel City Securities IPO.

Steel City Securities IPO Basis of Allotment

Steel City Securities IPO Basis of Allotment FAQs

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