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April 27, 2018 - May 3, 2018

Godha Cabcon Insulation IPO Basis of Allotment

GODHA CABCON & INSULATION LIMITED
Corporate Identity Number: U74999MH2003PLC141887

Our Company was incorporated as Godha Cabcon & Insulation Private Limited on October 04, 2016 under the provisions of the Companies Act, 2013 in the State of Madhya Pradesh. Subsequently, our Company was converted into a Public Limited Company and the name was changed to 'Godha Cabcon & Insulation Limited' vide fresh Certificate of Incorporation dated July 28, 2017 issued by the Registrar of Companies, Madhya Pradesh. The Corporate Identification Number of Our Company is U31909MP2016PLC041592

Registered Office: 36-D, Sector B, Sanwer Road, Industrial Area, Indore-452 006, Madhya Pradesh
Tele Fax: +91 731 4029 509 | E-mail: info@godhacabcon.com; | Website: www.godhacabcon.com
Contact Person: Ms. Surbhi Jain, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MRS. MADHU GODHA, MRS. RUPALI GODHA AND MR. DIPESH GODHA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 30,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF GODHA CABCON & INSULATION LIMITED ('GODHA' OR 'GCIL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 33 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING SHARE PREMIUM OF RS 23 PER EQUITY SHARE) AGGREGATING TO RS 9,90,00,000 (THE 'ISSUE'). THE ISSUE COMPRISES OF 1,60,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 33 PER EQUITY SHARE, AGGREGATING TO RS 52,80,000 WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 28,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 33 PER EQUITY SHARE, AGGREGATING UP TO RS 9,37,20,000 IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03% AND 25.59% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

As per Regulation 43(2) of the SEBI (ICDR) Regulations, as present offer is a book building offer laws or regulation the net Offer to the public category shall be made as follows:

a) Not less than thirty five per cent to retail individual investors; b) Not less than fifteen per cent to non-institutional investors; and c) Not more than fifty percent to qualified institutional buyers, five per cent of which shall be allocated to mutual funds:

Provided that in addition to five percent allocation available in terms of clause (c), mutual funds shall be eligible for allocation under the balance available for qualified institutional buyers. All investors (except Anchor Investors) shall participate in this Issue mandatorily through the Applications Supported by Blocked Amount ('ASBA') process by providing details of their respective bank accounts which will be blocked by SCSBs. For details, refer 'Issue Procedure' on page 190 of the Prospectus.

RISK TO INVESTORS:

1. The Book Running Lead Manager associated with the Issue have handled 2 public issues in the past three financial years out of which none of the public issues closed below the issue price on listing date.

2. The average cost of acquisition per equity share of our Promoter, Mrs. Madhu Godha, Mrs. Rupali Godha and Mr. Dipesh Godha are Rs 15.05, Rs 10.00 and Rs 29.58 respectively.

3. The Price / Earnings ratio based on basic EPS for Period Ended October 31, 2017 for the Company at the Floor Price of Rs 30 is 9.46 and Cap Price of Rs 33 per share is 10.41 as compared to the composite industry peer group P/E Ratio of 56.90.

ISSUE PRICE : RS 33 PER EQUITY SHARE
THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE OF RS 33. IS 3.3. TIMES OF THE FACE VALUE
ISSUE OPENED ON FRIDAY, APRIL 27, 2018 AND CLOSED ON THURSDAY, MAY 03, 2018

The Equity Shares offered through Red Herring Prospectus are proposed to be listed on the NSE EMERGE. Our Company has received an in-principle approval letter dated February 19, 2018 from NSE for using its name in this offer document for listing of our Equity Shares on the NSE Emerge. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Ltd. ('NSE').

All Applicants participated in the Issue through Applications Supported By Blocked Amount ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 562 applications for 4,972,000 Equity Shares resulting in 1.657 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):

Category Number Of
Applications Received
% Number Of
Shares Bid for
% Subscription
(Times)
Non Retail Investor's 45 8.01 1,332,000 26.790 3.13
Retail Individual Investor's 515 91.63 2,060,000 41.432 2.07
Market Maker 1 0.17 160,000 3.218 1.00
Lead Manager Underwriter Obligations 1 0.19 1,420,000 28.560 1.00
TOTAL 562 100.00 4,972,000 100.00

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

Technical rejection / Withdrawal

Category

No. of Applicatrions Rejected

No. of Shares

Non Retail Investor's 3 60,000
Retail Individual Investor's 21 84,000
Market Maker 0 0
Lead Manager Underwriter Obligations 0 0
TOTAL 24 144,000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

After technical rejections

Category No. of Applications
Received (Valid)
% Number of
Shares Bid for
% Subscription Proportionate no. of Equity Shares
(Allocated) after rounding off
Non Retail Investor's 42 7.81 1,272,000 26.35 2.97 428,000
Retail Individual Investor's 494 91.82 1,976,000 40.93 1.98 996,000
Market Maker 1 0.18 160,000 3.31 1.00 160,000
Lead Manager Underwriter Obligations 1 0.18 1,420,000 29.41 1.00 1,420,000
TOTAL 538 100.00 4,828,000 100.00 6.97 3,004,000

Note: The additional 2000 share each were allocated in the catagory of Non-Institution Investor and Retail Individual Investor for rounding off.

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on May 10, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 33 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 160,000 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. 33 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.98 times. The total number of shares allotted in this category is 996,000 Equity Shares to 249 successful applicants.

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

No. of Shares
Applied
for
(Category
wise)
No. of
Applications
received
% to
Total
Total No. of
Equity Shares
applied in this
Category
% of
Total
Proportinate
Shares
Available
Allocation
per Applicant
(Before
Rounding Off)
Allocation
per Applicant
(After
Rounding Off)
Ratio of
Allottees to
Applicant:
Ratio 1
Ratio of
Allottees to
Applicant:
Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of
Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
4000 494 100.00 1,976,000 100.00 996,000 2,016.19 4,000 62:123 249 996,000 0

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of 33 per Equity Share, was finalized in consultation with NSE. The category was subscribed 2.97 times. The total number of shares allotted in this category is 428,000 Equity Shares.

The Category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category wise)
No. of
Applications
received
% to Total Total No. of Equity Shares
applied in this Category
% of Total Proportinate
Shares
Available
Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant
(After
Rounding Off)
Ratio of
Allottees to Applicant:
Ratio 1
Ratio of
Allottees to Applicant:
Ratio 2
Number of
Successful
applicant
(after rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares Surplus/
Deficit
8000 25 59.52 200,000 15.72 67,296 2,691.84 4000 17:25 17 68,000 -704
12000 5 11.90 60,000 4.72 20,189 4,037.80 4000 1:1 5 20,000 189
16000 1 2.38 16,000 1.26 5,384 5,384.00 4000 1:1 1 4,000 1384
20000 1 2.38 20,000 1.57 6,729 6,729.00 8000 1:1 1 8,000 -1271
24000 1 2.38 24,000 1.89 8,075 8,075.00 8000 1:1 1 8,000 75.00
28000 1 2.38 28,000 2.20 9,421 9,421.00 8000 1:1 1 8,000 1421
32000 4 9.52 128,000 10.06 43,069 10,767.25 12000 1:1 4 4,8000 -4931
60000 1 2.38 60,000 4.72 20,189 20,189.00 20000 1:1 1 2,0000 189
88000 1 2.38 88,000 6.92 29,610 29,610.00 28000 1:1 1 2,8000 1610
148000 1 2.38 148,000 11.64 49,799 49,799.00 48000 1:1 1 4,8000 1799
500000 1 2.38 500,000 39.31 168,239 168,239.00 168000 1:1 1 1,68000 239
TOTAL 42 100.00 1,272,000 100.00 428,000 34 428,000 0

D. Allocation to QIB (Mutual Fund+Others) (After Technical Rejections): Nill

E. Allocation to Lead Manager's Underwriter Obligation (Alter Technical Rejections & Withdrawal): Unsubscribed portion of 14,20,000 Equity Shares under the category of QBI's brought-in by the Merchant Banker Underwriter's obligation at the price of Rs. 33/- per Equity Share. Book Running Lead Manager, Mark Corporate Advisors Private Limited have agreed to fulfil their underwriting obligation of 100.00% of the Issue Size on their own account and have accordingly subscribed for 14,20,000 Equity Shares. The Basis of Allotment for Lead Managers Underwriter Category at the issue price of Rs. 33/-per Equity Share, was finalized in consultation with NSE and 14,20,000 Equity Shares were allotted to Mark Corporate Advisors Private Limited.

The Category-wise details of the Basis of Allotment are as under:

No. of Shares
applied for
(Category wise)
No. of
Applications
Receives
% 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
Total No.
of Shares Allotted
Surplus/ Deficit
1420000 1 100 1,420,000 100 1,420,000 1,420,000 1,420,000 1 1,420,000 0
Total 1 100 1,420,000 100 1,420,000 1,420,000 1,420,000 1 1,420,000 0

The Board of Directors of the Company at its meeting held on May 10, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares 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 on or before May 11, 2018. Further, the instructions to Self Certified Syndicate Banks are being processed on May 10, 2018. 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 NSE 'NSE EMERGE' within six working days from the date of the closure of the Issue. The trading is proposed to be commenced with effect from Friday, May 11, 2018*.
*Subject to receipt of listing and trading approvals from the NSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, KARVY COMPUTERSHARE PRIVATE LIMITED at www. karvycomputershare.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:

KARVY COMPUTERSHARE PRIVATE LIMITED
CIN: U72400TG2003PTC041636
Karvy Selenium Tower B, Plot 31 -32, Gachibowli, Financial District, Nanakramguda, Hyderabad-500 032.
Tel No.: +91 40 6716 2222 | Fax No.: +91 40 23431551 | E-Mail ID: einward.ris@karvy.com
Contact Person: Mr. M Murli Krishna | Investor Grievance E-Mail ID: godhacabcon.ipo@karvy.com
SEBI Regn No.: INR000000221

Place: Indore
Date: May 10, 2018
For Godha Cabcon & Insulations Limited
On behalf of the Board of Directors
Sd/-
Executive Director & CEO

Godha Cabcon Insulation IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Godha Cabcon Insulation IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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

Visit the Godha Cabcon Insulation IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Godha Cabcon Insulation IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).