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March 19, 2018 - March 21, 2018

Mittal Life Style Ltd IPO Basis of Allotment

MITTAL LIFE STYLE LIMITED

CIN: U18101MH2005PLC155786

Our Company was incorporated as Mittal Life Style Private Limited under the provisions of the Companies Act 1956 vide certificate of incorporation dated August 31,2005, issued by the Registrar of Companies, Maharashtra, Murnbai. Subsequently, the name of our Company was changed to Mittal Life Style Limited pursuant to conversion into a public company vide Shareholders' approval on October 31,2017 and fresh certificate of incorporation dated November 23,2017. The Corporate Identification Number of Our Company is U18101MH2005PLC155786. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 114 of the Prospectus.

Registered Office: Unit No. 8/9, Ravikiran, Ground Floor, New Link Road, Andheri (West) Mumoai -400053, Maharashtra, India
Tel No: +91-22-26741792; Fax: +91-22-26741787; E-mail: info@mittallifestyle.in; Website: www.mittallifestyle.in
Contact Person: Mr. Brijeshkumar Jagdishkumar Mittal, Managing Director.

PROMOTERS OF THE COMPANY: MR. BRIJESHKUMAR JAGDISHKUMAR MITTAL,
MR. PRATIK BRIJESHKUMAR MITTAL AND JK DENIM FAB PRIVATE LIMITED

BASIS OF ALLOTMENT

PPUBLIC ISSUE OF 21,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP OF MITTAL LIFE STYLE LIMITED ('MLSL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs. 21/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING SHARE PREMIUM OF Rs. 11/-PER EQUITY SHARE) AGGREGATING Rs. 441.00 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 1,20,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP 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 19,80,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.79% AND 28.09% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY
THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII • ISSUE INFORMATION' BEGINNING ON PAGE 204 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS RS. 21/-
THE ISSUE PRICE IS 2.10 TIMES THE FACE VALUE.

ISSUE

  OPENED ON: MARCH 19. 2018
  CLOSED ON: MARCH 21, 2018

PROPOSED LISTING: MONDAY, APRIL 02,2018*

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ('NSE'). 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 letter dated January 03,2018 from NSE for using Its name in the offer document for listing of its shares on NSE Emerge Platform. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock  Exchange of India Limited. The trading is proposed to be commenced with effect from Monday, April 02,2018.*
*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.
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 120 applications for 2202000 Equity Shares resulting in 1.05 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
Detalls of The Applications Received (BeforeTechnica Rejection):

CATEGORY No. of Applications % No. of Equity Shares % Subscription (Times)
Market Maker 1 0.83 120000 545 1.00
Retail Individual -Investors 87 72.50 522000 23.71 0.53
Other than Retail Individual Investors 32 26.67 1560000 70.84 1.58
Total 120 100.00 2202000 100.00 1.05

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

(Technical rejection)

CATEGORY No. of Applications No. of Equity Shares
Market Maker Nil Nil
Retail individual Investors 6 36000
Other than Retail Individual Investors 1 12000
Total 7 48000

After eliminating technically rejected applications, the following tables give us Category wise net valid applications:

CATEGORY No. of
Applications
% Issue Size
(as per
Prospectus)
Proportionate
Issue Size
(After rounding off)
No.of Valid
Shares
applied
Subscription
(Times)
Market Maker 1 0.89 120000 120000 120000 1.00
Retail Individual Investors 81 71.68 990000 486000 486000 0.49
Other than Retail Individual Investors 31 27.43 990000 1494000 1548000 1.04
Total 113 100.00 210000 2100000 2154000 1.03

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 26, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 21/- 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 120000 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. 21/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.49 times. The total number of shares allotted in this
category is 486000 Equity Shares to 81 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 Shares applied in each
Category
%
to Total
Proporti
nate
Shares
Available
Allocation per Applicant
(Before
Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of
Allottees to the Applicant:
Ratio 1
Ratio of
Allottees
to the
Applicant:
Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares
Surplus/ Deficit
6000 81 100.00 486000 100.00 990000 6000.00 6000 1 1 81 486000 -504000
Total 81 100.00 486000 100.00 990000 81 486000 -504000

*The under subscribed portion of 504000 Equity shares from Retail Investors Category have been spilled over to Other than Retail Individual Investors Category.

C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 21/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.04 times. The total number of shares allotted in this category is 1494000 Equity Shares to 31 successful applicants. The Category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category
wise)
No. of
Applica
tions received
%
to
Total
Total No. of
Equity Shares applied in each
Category
%
to Total
Proporti
nate
Shares
Available
Allocation per Applicant
(Before
Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of
Allottees
to the Applicant:
Ratio 1
Ratio of
Allottees
to the
Applicant:
Ratio 2
Number of
Successful
applicant
(after
rounding off)
Total No.
of Shares
allocated/
allotted
No. of
Shares
Surplus/ Deficit
12000 12 38.71 144000 9.30 138977 11581.40 6000 1 1 12 72000 -66977
12000 6000 11 12 66000 66000
24000 3 9.68 72000 4.65 69488 23162.79 24000 1 1 3 72000 2512
30000 1 3.23 30000 1.94 28953 28953.49 30000 1 1 1 30000 1047
42000 5 16.13 210000 13.57 202674 40534.88 36000 1 1 5 180000 -22674
42000 6000 4 5 24000 24000
66000 2 6.45 132000 8.53 127395 63697.67 60000 1 1 2 120000 -7395
66000 6000 1 2 6000 6000
120000 8 25.80 960000 62.01 926513 115813.95 114000 1 1 8 912000 -14513
120000 6000 1 4 12000 12000
Total 31 100.00 1548000 100.00 1494000 31 1494000 0

*Includes original reservation of 990000 Equity Shares and Spill over from Retail Individual Investors Category of 504000 Equity Shares.
The Board of Directors of the Company at its meeting held on March 26,2018 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 has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before March 28,2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to March 28,2018. In case the same is not received within four working days, investors may contact Registrar 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 NSE Emerge Platform within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated March 07, 2018 ('Prospectus').

INVESTORS PLEASE NOTE

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
Bharat Tin Works Building, 1 st Floor, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri (East), Mumbai - 400059, Maharashtra
Tel: (022) 22 62638200 Fax: (022) 62638299
E-mail:
ipo@bigshareonline.com Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty SEBI Registration No.: INR000001385

Date: March 27,2018

Place: Mumbai

For MITTAL LIFE STYLE LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director

Mittal Life Style Ltd IPO Basis of Allotment FAQs

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

The Mittal Life Style Ltd IPO basis of allotment (published above) tells you how shares are allocated to you in Mittal Life Style Ltd IPO and category wise demand of IPO share.

Visit the Mittal Life Style Ltd 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 Mittal Life Style Ltd IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).