June 7, 2016 - June 10, 2016

Yash Chemex IPO Basis of Allotment

YASH CHEMEX LIMITED

Our Company was originally incorporated on June 03,2006 at Ahmedabad as 'Yash Chemex Private Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat Dadra and Nagar Havelli vide Certificate of Incorporation bearing Corporate Identification Number U24119GJ2006PTC048385. Our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra-Ordinary General Meeting of the Company held on January 15,2016 and the name of our Company was changed to 'Yash Chemex Limited'. A fresh Certificate of Incorporation consequent upon conversion to public limited company was issued by the RoC on February 15,2016. The Corporate Identification Number of our Company is U24119GJ2006PLC048385. For details of incorporation, the change of Name and Registered Office of our Company, please refer to the chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 53 and 160 respectively of the Prospectus.

Registered Office: 411, Sigma Icon -1,132ft Ring Road, Opp. Medilink Hospital, Satellite, Ahmedabad - 380015, Gujarat. Tel No.: 079-26730257/58; Fax No.: 079-26730258; E-mail: cs@yashchemex.com; Website: www.yashchemex.com Corporate Identification Number: U24119GJ2006PLC048385; Contact Person: Aarefa Dudhwala, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY - PRITESH SHAH, YASHWANTLAL SHAH AND YASHVANT SHAH HUF

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 10,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF YASH CHEMAX LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 13 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 251.16 LAKHS ('THE ISSUE'), OF WHICH 60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE, AGGREGATING RS. 13.80 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 10,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE, AGGREGATING RS. 237.36 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.65% AND 25.19% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 01,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
a) a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
b) the balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail investors and ii) other investors including corporate bodies / institutions irrespective of no.of shares applied for.
c) 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. 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 268 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 23.00. THE ISSUE PRICE IS 2.3 TIMES OF THE FACE VALUE ISSUE OPENED ON JUNE 07, 2016 AND CLOSED ON JUNE 10, 2016.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE 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 May 03,2016 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.

SUBSCRIPTION DETAILS

The Issue has received 241 applications for 21,24,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 60,000 Equity Shares) resulting 1.95 times subscription. After considering, Technical Rejection cases, the issue was subscribed 1.91 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION
Market Maker	1	60,000	1.00
Other than Retail Individual Investors	21	7,50,000	1.45
Retail Individual Investors	219	13,14,000	2.55
TOTAL	241	21,24,000	1.95

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES
Market Maker	0	0
Other than Retail Individual Investors	2	24,000
Retail Individual Investors	3	18,000
TOTAL	5	42,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION	REVISED SUBSCRIPTION
Market Maker	1	60,000	1.00	1.00
Other than Retail Individual Investors	19	7,26,000	1.41	1.98
Retail Individual Investors	216	12,96,000	2.51	1.95
TOTAL	236	20,82,000	1.91	1.91

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on June 15,2016.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 23/- 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 60,000 Equity shares in full out of reserved portion of 60,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 23/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.95 times. Total number of shares allotted in this category is 6,66,000 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	216	100	12,96,000	100	6,66,000	3,083.33	6,000	37:72	6,66,000	0
TOTAL	216	100	12,96,000		6,66,000				6,66,000

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 23/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.98 times. Total number of shares allotted in this category is 3,66,000 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)
12,000	7	36.84	84,000	11.57	42,347	6,049.59	6,000	1:1	42,000	(347)
18,000	4	21.05	72,000	9.92	36,298	9,074.38	6,000	1:1	24,000	(12,298)
							6,000	1:2	12,000	12,000
24,000	4	21.05	96,000	13.22	48,397	12,099.17	12,000	1:1	48,000	(397)
42,000	1	5.26	42,000	5.79	21,174	21,173.55	24,000	1:1	24,000	2,826
1,08,000	2	10.53	2,16,000	29.75	1,08,893	54,446.28	54,000	1:1	1,08,000	(893)
2,16,000	1	5.26	2,16,000	29.75	1,08,891	1,08,892.56	1,08,000	1:1	1,08,000	(891)
TOTAL	19	100	7,26,000	100	3,66,000				3,66,000

The Board of Directors of the Company at its meeting held on June 16, 2016 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 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 June 17,2016. Further, the instructions to SCSBs have been issued on June 16,2016 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 SME Platform of BSE within six working days from the date of the closure of the Issue.
The trading is proposed to commence on or before June 20,2016 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 at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-40430200; Fax: +91-22-28475207;
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Vipin Gupta; SEBI Registration No: INR000001385

Date: 16.06.2016 Place: Ahmedabad, Gujarat	For Yash Chemex Limited On behalf of the Board of Directors Sd/- Yashwantlal Shah Chairman & 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 YASH CHEMEX LIMITED.

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

Yash Chemex 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 Yash Chemex IPO .

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

Visit the Yash Chemex IPO allotment status page to check the number of shares allocated to your application.

In Yash Chemex 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 Yash Chemex IPO basis of allotment document to know how the shares are allocated in Yash Chemex IPO.

Yash Chemex IPO Basis of Allotment

Yash Chemex IPO Basis of Allotment FAQs

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