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Infibeam Incorporation Ltd IPO Basis of Allotment

INFIBEAM INCORPORATION LIMITED

Our Company was Incorporated as INfibeam Incorporation Limited on June 30, 2010, at Ahmedabad, as a public limited company under the Companies Act, 1956. For further details, see "History and Certain Corporate Matters" beginning on page 143 of the Prospectus. Registered Office: 9th Floor, "A" wing, Gopal Palace, Opposite Ocean Park, Nehrunagar, Satellite Road, Ahmedabad 380 015; Tel: -91 79 4040 3600; Fax: +91 79 4040 3636; Corporate Office: 909,9th Floor, Shitiratna Complex. Near Panchwati Circle, Off C. G. Road, Ellis Bridge, Ahmedabad 380 006; Tel: + 91 79 2644 0364; Fax: + 91 79 2644 0359; Contact Person: Shyamal Trivedi, Company Secretary and Compliance Officer; Email: ir@infibeam.ooo; Website: www.infibeam.ooo; Corporate Identity Number: U64203GJ2010PLC061366

BASIS OF ALLOTMENT

Our Company has filed Prospectus dated March 28, 2016 with the Registrar of Companies, Gujarat situated at Ahmedabad and the Equity Shares are proposed to be listed on tho BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commenceon April 4, 2016.

PROMOTERS OF OUR COMPANY: AJIT MEHTA, VISHAL MEHTA, MALAV MEHTA AND JAYSHREE MEHTA

PUBLIC ISSUE OF 10,416,666 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH (THE "EQUITY SHARES") OF INFIBEAM INCORPORATION LIMITED (OUR "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 432 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 422 PER EQUITY SHARE) AGGREGATING UP TO RS. 4,500 MILLION. THE ISSUE CONSTITUTES 19.62% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Issue Price: Rs. 432/- per Equity Share of Face Value of Rs. 10/- each
The Issue Price is 43.2 times the Face Value

Risks to Investors:

(I.) SBI Capital Markets Limited, GCBRLM for the Issue, has handled five public issues In the past three financial years out of which three issues have closed below the Issue price on listing date. Elara Capital (India) Private Limited, BRLM for the Issue, has not handled any public issue in the past three financial years. The Draft Red Herring Prospectus with respect to the Issue was filed with SEBI on June 30, 2015 with SBI Capital Markets Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited as the global co-ordinators and book running lead managers and Elara Capital (India) Private Limited as the book running lead manager. Subsequently, ICICI Securities Limited and Kotak Mahindra Capital Company Limited have withdrawn their participation from the Issue. (II.) Since the EPS of the Company for the financial year 2015 on restated consolidated basis is negative and that there are no listed peers who are engaged in similar business as the Company, the comparison of price/earnings ratio based on diluted EPS on the basis of the Price Band with the average Industry peer group price/earnings ratio cannot be calculated. (iii.)Weightod Average Return on Net Worth for financial year 2015, financial year 2014 and financial year 2013 on restated consolidated basis is (0.31%) (negative). (IV.) The average cost of acquisition of Equity Shares by our Promoters Is as follows: (I) Ajit Mehta: Rs. 0.028 per Equity Share; (II) Vishal Mehta: Rs. 4.99 per Equity Share, (iii) Malav Mehta: Rs. 2.17 per Equity Share; and (IV) Jayshree Mehta: Rs. 0.028 per Equity Share. (V.) The Company does not have a listed peer which is involved exclusively In e-commerce business for comparison of performance and therefore, investors must rely on their own examination of accounting ratios of the Company for the purpose of Investment in the Issue.

BID/ISSUE PERIOD: OPENED ON: MONDAY, MARCH 21, 2016
CLOSED ON: WEDNESDAY, MARCH 23, 2016

In terms of Rule 19(2)(b(ii) of the SCRR, this is an Issue where the minimum offer to public has been at least such percentage which is equivalent to Rs. 4,000 million calculated at the Issue Price. The Issue is being made through the Book Building Process wherein at least 75% of the Issue shall be Allotted on a proportionate basis to Qualified Institutional Buyers ("QIBs") 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of tho QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders, Including Mutual Funds, subject to valid Bids being received at or above the issue Price. If at least 75% of the Issue cannot be Allotted to QIBs, then the entire application money shall be refunded forthwith. Further, not more than 15% of the Issue shall be available for allocation on a proportionate basis to Nor-Institutional Bidders and not more than 10% of the Issue shall be available for allocation to Retail Individual Bidders in accordance with the Secunties and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI Regulations"), subject to valid Bids being recerved at or above the Issue Price. For details in relation to allocation to Retail Individual Bidders, specific attention of the investors is invited to "Issue Procedure - Basis of Allotment" on page 281 of the Prospectus, For details, see "Issue Procedure" beginning on page 248 of the Prospectus.
The Issue received 40,116 applications for 13,676,602 Equity Shares {prior to technical rejections) resulting in 1.3130 times subscription. The details of the applications received in the Issue from various categories are as under (before technical rejections):

Category No. of
Applications
No. of Equity
Shares applied
No. of times
Subscribed
Amount (Rs.)
A. Retail Individual Bidders 40,002 1,563,864 1.5013 674,392,002
B. Non-Institutional Bidders 106 4,094,960 2.6208 1,769,022,720
C. Qualified Institutional Buyers 8 8,017,778 1.0263 3,463,680,096
Total 40,116 13,676,602 1.3130 5,907,094,818

Final Demand

A summary of the final demand as per the BSE and NSE as on the Bxtfssue Closing Date at different Bid prices a as under:

Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % of Total
360 65,314 0.47 65,314 0.47
361 680 0.00 65,994 0.47
362 1,122 0.01 67,116 0.48
364 34 0.00 67,150 0.48
365 1,938 0.01 69,088 0.50
366 170 0.00 69,258 0.50
367 34 0.00 69,292 0.50
369 102 0.00 69,394 0.50
370 2,210 0.02 71,604 0.51
371 68 0.00 71,672 0.51
374 68 0.00 71,740 0.52
375 816 0.01 72,556 0.52
376 34 0.00 72,590 0.52
380 28,730 0.21 101,320 0.73
382 136 0.00 101,456 0.73
384 510 0.00 101,966 0.73
385 204 0.00 102,170 0.73
389 68 0.00 102,238 0.73
390 680 0.00 102,918 0.74
395 204 0.00 103,122 0.74
396 136 0.00 103,258 0.74
397 102 0.00 103,360 0.74
398 34 0.00 103,394 0.74
399 136 0.00 103,530 0.74
400 6,596 0.05 110,126 0.79
401 544 0.00 110,670 0.80
402 34 0.00 110,670 0.80
405 170 0.00 110,874 0.80
410 1,054 0.01 111,928 0.80
412 102 0.00 112,030 0.80
415 306 0.00 112,336 0.80
416 34 0.00 112,370 0.81
419 34 0.00 112,404 0.81
420 850 0.01 113,254 0.81
421 34 0.00 113,288 0.81
424 34 0.00 113,322 0.81
425 306 0.00 113,628 0.82
429 34 0.00 113,662 0.82
430 272 0.00 113,934 0.82
431 34 0.00 113,968 0.82
432 12,319,866 88.52 12,433,834 89.34
CUTOFF 1,483,726 10.66 13,917,560 100.00
TOTAL 13,917,560 100.00

The Basts of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on March 30,2016.

A. Allotment to Retail Individual Bidders (After Technical Rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 432 per Equity Share, was finalized in consultation with tho BSE. This category has been subsenbed to the extent of 1.4638 times. The total number of Equity Shares Allotted m Retail individual Bidders category is 1,041,666 Equity Shares to 30,637 successful applicants. The category-wise details of the Basis of Allotment are as under:

SL
No.
Category No. of
Applications
received
% of
Total
Total No. of
Equity Shares
Applied
% to
Total
No. of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity Shares
Allotted
1 34 37,775 96.34 1,284,350 84.23 34 25 32 1,003,442
2 68 594 1.51 40,392 2.65 34 25 32 15,776
3 102 266 0.68 27,132 1.78 34 25:32 7,072
4 136 80 0.20 10,880 0.71 34 25 32 2,142
5 170 66 0.17 11,220 0.74 34 2'. 32 1,768
6 204 69 0.18 14,076 0.92 34 25:32 1,836
7 238 68 0.17 16,184 1.06 34 25:32 1,802
8 272 20 0.05 5,440 0.36 34 4:5 544
9 306 11 0.03 3,366 0.22 34 9:11 306
10 340 37 0.09 12,580 0.83 34 25:32 986
11 374 5 0.01 1,870 0.12 34 4:5 136
12 408 12 0.03 4,896 0.32 34 3:4 306
13 442 209 0.53 92,378 6.06 34 25:32 5,542
1124 Allottees from Serial no 2 to 13 Additional 1 (one) share 1:141 8
Total 39,212 100 1,524,764 100 442

B. Allotment to Non-lnstitutlonal Bidders (After Technical Rejections)

The Basis of Allotment to Ihe Non-Institutional Bidders, who have tod at the Issue Price of Rs. 432 per Equity Share or above, was finalized In consultation with the BSE. This category has been subscribed to the extent of 2,6199 times. The total number of Equity Shares Allotted in this category is 1,562,499 Equity Shares to 105 successful applicants. The category-wise details of the Basis of Allotment is provided on a indicative basis as under:

Category No. of
Applications
received
% of Total Total No. of
Equity Shares
Applied
% to
Total
No of Equity
Shares Allotted
per Applicant
Ratio Total No. of
Equity Shares
Allotted
476 5 4.76 2,380 0.06 181 1:1 905
510 6 5.71 3,060 0.07 195 1:1 1,170
578 2 1.90 1,156 0.03 221 1:1 442
646 1 0.95 646 0.02 247 1:1 247
680 2 1.90 1,360 0.03 260 1:1 520
782 1 0.95 782 0.02 298 1:1 298
816 1 0.95 816 0.02 311 1:1 311
918 2 1.90 1,836 0.04 351 1:1 702
1,020 2 1.90 2,040 0.05 390 1:1 780
1,122 1 0.95 1,122 0.03 428 1:1 428
1,156 7 6.67 8,092 0.20 411 1:1 3,087
1,190 2 1.90 2,380 0.06 454 1:1 908
1,360 1 0.95 1,360 0.03 519 1:1 519
1,700 3 2.86 5,100 0.12 649 1:1 1,947
1,836 2 1.90 3,672 0.09 701 1:1 1, 402

C AllotmonttoQIBs

Allotment to QIBs, who have Bid at the Issue Price of Rs. 432 per Equity Share or above, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 1.0263 times of the QIB portion. As per the SEBI Regulations, 5% of the QIB Portion i.e. 390,626 Equity Shares had been reserved for Mutual Funds in the Issue subject to valid Bids being received at or above the Issue Price. However, no Bids were received from Mutual Funds in the Issue and accordingly, the aforesaid 390,626 Equity Shares were included in the QIB Portion and were available on proportionate basis in the Issue. The total number of Equity Shares Allotted in the QIB Portion is 7,812,501 Equity Shares, which were allotted to 8 successful Applicants. The category-wise details of the Basis of Allotment are as under:

Category FIs/Banks MFs ICs VCs AlF FII/FPC Total
Allotment NlL NlL NlL 2,608,518 NlL 5,203,983 7,812,501

The Board of Directors of our Company at its meeting held on March 31, 2016 has taken on record the basis of allotment of Equity Shares approved by the BSE and has allotted tho Equity Shares to various successful applicants. The Equity Shares Allotted to the successful Allottees have been uploaded on March 31, 2016 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned The SCSBs have been instructed for unblocking of funds and transfer to Public Issue Account and payment to non-Syndicate brokers have been released on March 31, 2016. Our Company has filed applications with the BSE and the NSE for listing and trading approval on March 31, 2016. The Company has received listing and trading approval from BSE and NSE and the trading will commence on April 4, 2016.

All capitalised terms used and not specifically defined herein shall have the same meaning as ascribed to them in the Prospoctus.

INVESTORS PLEASE NOTE:

The details of the allotment made will be hosted on the website of the Registrar to the Issue, Link Intime India Private Limited at www.linkintime.co.in

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/Sole applicant, Serial number of the Bud-Cum-Application form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Link Intime India Private Limited

C-13, Pannalal Silk Mills Compound, L.B.S Marg, Bhandup West, Mumbal 400 078,
Tel: +91 22 6171 5400, Fax: + 91 22 2596 0329
E-mall: III.Ipo@linkintime.co.in, Website: www.linkintime.co.in
Investor grievance e-mail; III.Ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnen, SEBI Registration number: INR000004058

Place: Ahmedabad
Date : April 1, 2016

For INFIBEAM INCORPORATION LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer



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