Globe Textiles IPO Basis of Allotment

GLOBE TEXTILES (INDIA) LIMITED
Corporate Identity Number: U65910GJ1995PLC027673

Our Company was originally incorporated on October 04, 1995 as 'Swaroop Financial Services Private Limited' vide Registration no. 027673/1995-1996 (CIN:U99999GJ1995PTC0027673) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat, Dadra & Nagar Haveli. Later, the name of the Company was changed to 'Globe Textile (India) Private Limited' vide Shareholder's Resolution passed at the Extra Ordinary General Meeting of the Company held on March 31,2006 and a fresh Certificate of Incorporation dated May 23, 2006 issued by the Registrar of Companies, Gujarat, Ahmedabad pursuant to change in name of our Company. Further, Our Company vide Shareholders Resolution passed at the Extra Ordinary General Meeting held on June 24, 2011 and a fresh Certificate of Incorporation dated July 17,2011 issued by the Registrar of Companies, Gujarat, Dadra and Nagar Haveli, the name of our Company was changed to 'Globe Textiles (India) Private Limited'. Later, our Company was converted into Public Limited Company and consequently name of company was changed from 'Globe Textiles (India) Private Limited' to 'Globe Textiles (India) Limited' vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on March 4,2017 and a fresh certificate of incorporation dated March 22, 2017 issued by the Registrar of Companies, Gujarat, Ahmedabad. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 116 of the Prospectus.

Registered Office: Plot No. 38 to 41, Ahmedabad Apparel Park, GIDC Khokhra, Ahmedabad - 380008, Gujarat, India. | Tel No.: +91 -79-22931881/82/83/84/85 Email: info@globetexliles.net | Website: www.globetextiles.net | Contact Person: Mr. Yash Manojbhai Shah (Company Secretary & Compliance Officer)

Promoters of Our Company: MR. BHAVIK SURYAKANT PARIKH AND MR. BHAVIN SURYAKANT PARIKH

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 26,88,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF GLOBE TEXTILES (INDIA) LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 51.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 41.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO X1370.88 LAKHS ('ISSUE') CONSISTING OF A FRESH ISSUE OF 13,68,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS 51.00 PER EQUITY SHARE AGGREGATING TO RS 697.68 LAKHS ('ISSUE') AND 13,20,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS 51.00 PER EQUITY SHARE AGGREGATING TO RS 673.20 LAKHS THROUGH AN OFFER FOR SALE BY MR. BHAVIK SURYAKANT PARIKH AND MR. NILAYBHAI JAGDISHBHAI VORA (COLLECTIVELY REFERRED AS PROMOTER AND PROMOTER GROUP MEMBER SELLING SHAREHOLDERS) OF WHICH 1,44,000 EQUITY SHARES OF FACE VALUE OF X 10.00 EACH FOR A CASH PRICE OF RS 51.00 PER EQUITY SHARE, AGGREGATING TO RS 73.44 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25,44,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF X 51.00 PER EQUITY SHARE AGGREGATING TO RS 1297.44 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.68% AND 25.25%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 223 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, (THE 'SEBIICDR REGULATIONS'). AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 232 OF THE PROSPECTUS.

PROPOSED LISTING: FRIDAY, JUNE 23, 2017*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE') ('NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this Issue. However, our company has received an approval letter dated May 18,2017 from NSE for using its name in offer document for listing of our shares on the SME Platform of NSE ('NSE EMERGE'). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited ('NSE EMERGE').

The trading is proposed to be commenced on or about June 23,2017.*

'Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

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 DEATAILS

The issue has received 2,469 applications for 66,62,000 Equity Shares resulting in 2.48 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) 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 give 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 June 20,2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 51 per Equity Share, was finalised 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 144,000 Equity shares.

The category wise details of the Basis of Allotment are as under:

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 51 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.45 times i.e. for 46,36,000 Equity Shares. Total number of shares allotted in this category is 18,92,000 Equity Shares to 946 successful applicants.

The category wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 51 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.46 times i.e. for 16,02,000 shares the total number of shares allotted in this category is 652,000 Equity Shares to 103 successful applicants.

The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on June 21,2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The CAN-cum-Refund advices and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before June 23,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to June 21, 2017 In 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 SME Platform of National Stock Exchange of India Limited (NSE EMERGE) within six working days from the date of the closure of the offer.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated June 05,2017 ('Prospectus').

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:

BIGSHARE SERVICES PRIVATE LIMITED
E2 & 3, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri East, Mumbai - 400072, Maharashtra-India.
Tel: +91 22 40430200; Fax: +91-022-28475201; E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com; Contact Person: Mr. Vipin Gupta; SEBI Registration No.: INR000001385

For GLOBE TEXTILES (INDIA) LIMITED
On behalf of the Board of Directors
Sd/-
Mr. Bhavik Suryakant Parikh
Managing Director

Place: Ahmedabad
Date:  21.06.2017