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January 22, 2018 - January 25, 2018

Solex Energy IPO Basis of Allotment

SOLEX ENERGY LIMITED
Corporate Identification Number of our Company is U40106GJ2014PLC081036

Our Company was originally incorporated on October 13, 2014 as 'Solex Energy Private Limited' under the provisions of the Companies Act, 2013 with the registrar of Companies, Gujarat bearing Registration no 081036, Further our Company was converted into Public Limited Company and consequently name of company was changed from 'Solex Energy PrivateLimited' to 'Solex Energy Limited' vide special resolution passed by the Shareholders at the Annual General Meeting held on September 09, 2017. A Fresh certificate of incorporation consequence to conversion was issued on september 22, 2017 by the Registrar of  Companies, Ahmedabad. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 104 of the Prospectus.

Registered Office: Plot No. 131/A. Phase 1. Nr. Krimy Industries, GIDC, Vithal Udyognagar, Anand-388121, Gujarat, India.
Tel No: +91-2692-230317 Fax No: +91-2692-231216 E-mail: info@solex.in , Website: www.solex.in
CONTACT PERSON: MRS. JANKIBEN JAYDEEPSINH SISODIYA, (COMPANY SECRETARY & COMPLIANCE OFFICER)

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 13,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF SOLEX ENERGY LIMITED ('OUR COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 52.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 42.00 PER EQUITY SHAR E) ('ISSUE PRICE') AGGREGATING TO RS 717.60 LAKHS ('ISSUE') OF WHICH 72,000 EQUITY SHARE S OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 52.00 PER EQUITY SHARE, AGGREGATING TO RS 37.44 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 13,08,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 52.00 PER EQUITY SHARE AGGREGATING TO RS 680.16 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.94% AND 26.48% , 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 192 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBI ICDR REGULATIONS'), AS AMENDED, THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43{4) OF THE SEBI (ICDR) REGULATIONS. 2009. AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGlNNING ON PAGE 200 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 52.00. THE ISSUE PRICE IS 5.2 TIMES OF THE FACE VALUE

ISSUE OPENED ON: MONDAY, JANUARY 22, 2018 AND ISSUE CLOSED ON: THURSDAY, JANUARY 25, 2018 PROPOSED LISTING: FEBRUARY 05, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE' i.e. 'NSE EMERGE') Our Company has received an approval letter dated January 08, 2018 fron NSE for using its name in this 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 Lmited. The trading is proposed to be commenced on ar about February 05, 2018.*

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

All Applicant 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 DETAILS

The issue has received 8150 applications for 2,42,92,000 Equity Shares resulting in 18.11 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
% NUMBER OF
EQUITY SHARES
% SUBSCRIPTION (TIMES)
Market Makers 01 0.01 72,000 0.29 1.00
Retail Individual Investors 8035 98.59 1,60,70,000 64.30 24.57
Other Than Retail Individual Investors 114 1.40 88,50,000 35.41 13 53
TOTAL 8150 100.00 2,49,02,000 100.00 18.11

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

Catcgory No. of
Applications
No. of
Equity Shares
Market Makers Nil Nil
Retail Individual Investors 117 2,34,000
Other Than Retail Individual Investors 2 44,000
Total 119 2,78,000

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

Category

No.of
Applications
% Reserved Portion
(as per Prospectus)
No. of Valid
Shares applied
% of
Total Applied
Subscription
(Times)
Market Maker 1 100 72,000 72,000 100 1.00
Total 1 100 72,000 72,000 100 1.00
Category No. of
Applications
% Reserved Portion (as per
Prospectus)
Proportionate
Issue Size (After
rounding off)
No. of
Valid Shares
applied
ft of
Total Applied
Subscription (Times)
Retail Individual Investors 7918 98.61 6,54,000 8,40,000 1,58,36,000 64.26 18.85
Other than Retail Individual Investors 112 1.39 6,54,000 4,68,000 88,06,000 35.74 18.62
Total 8030 100.00 13,08,000 13,08,000 2,46,42,000 100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on January 31,208.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment in the Market Maker, at the issue price of Rs 52 per Equity Share, was finalised in consultation wilh NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 72,000 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
% to
Total
Proportionate
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
applicants
(after
rounding
off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus
/Deficit
72,000 1 100 72,000 100 72,000 72,000 72,000 1 1 1 72,000 --
TOTAL 1 100 72,000 100 72,000 72,000 72,000 1 1 1 72,000 --

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individua Investors, at the issue price of Rs 52 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 18.85 times i.e. for 1,58,36,000 Equity Shares. Total number of shares allotted in this category is 8,40,000 Equity Shares to 420 successful applicants.
The category wise details of the Basis of Allotment areas under:

No of
Shares
Applied for
(Category
wise)
No. Of
Applications
Received
% to
Total
Total No.
of Equity
Shares
applied
in this
Category
% to
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(before
Rounding
Off)
Allocation
per
Applicant
(after
Rounding
Off)
Ratio of
Allottees
to
AppliCant:
Ratio 1
Ralio of
Allottees
to
AppliCant:
Ratio 2
Number of
Successful
applicants
(after
rounding off)
Total No.
of Equity
Shares
allocated/
allotted
No. Of
Shares
Surplus
/Deficit
2000 7918 100 1,58,36,000 100 8,40,000 106.09 2000 210 3959 420 8,40,000 0.00
TOTAL 791S 100 1,58,36,000 100 8,40,000 420 8,40,000 0.00

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 52 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 18.12 times i.e. for 88,06,000 shares the total number of shares allotted in this category is 4,68,000 Equity Shares to 65 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
% to
Total
Proportionate
Shares
Available
Allocation
per
Applicant
(before
Rounding
Off)
Allocation
per
Applicant
(after
Rounding
Off)
Ratio of
Allottees
to
AppliCant:
Ratio 1
Ralio of
Allottees
to
AppliCant:
Ratio 2
Number of
Successful
applicants
(after
rounding off)
Total No.
of Equity
Shares
allocated/
allotted
No. Of
Shares
Surplus
/Deficit
4000 33 29.46 132,000 1.50 7,015 212.58 2,000 4 33 4 8,000 -985
6000 7 6 25 42,000 0.48 2,232 318.87 2,000 1 7 1 2,000 232
8000 5 4.46 40,000 0.45 2,126 425.16 2,000 1 5 1 2,000 126
10000 3 2.68 30,000 0.34 1,594 531.46 2,000 1 3 1 2,000 -406
12000 1 0.89 12,000 0.14 638 637.75 2,000 0 3 0 - 638
18000 2 1.79 36,000 0.41 1,913 956.62 2,000 1 2 1 2,000 -87
20000 3 2.68 60,000 0.68 3,189 1062.91 2,000 2 3 2 4,000 -811
22000 1 0.89 22,000 0.25 1,169 1169.20 2,000 1 1 1 2,000 -831
24000 3 2.68 72,000 0.82 3,826 1275.49 2,000 2 3 2 4,000 174
26000 1 0.89 26,000 0.30 1,382 1381.79 2,000 1 1 1 2,000 -618
28000 2 1.79 56,000 0.64 2,976 1488.08 2,000 1 2 1 2,000 976
30000 3 2.68 90,000 1.02 4,783 1594.37 2,000 2 3 2 4,000 783
32000 1 0.89 32,000 036 1,701 1700.66 2,000 1 1 1 2,000 -299
36000 1 0.89 36,000 0.41 1,913 1913.24 2,000 1 1 1 2,000 -87
38000 2 1.79 76,000 0.86 4,039 2019.63 2,000 1 1 2 4,000 39
40000 1 0.89 40,000 0.45 2,126 2125.82 2,000 1 1 1 4,000 126
42000 1 0.89 42,000 0.48 2,232 2232.11 2,000 1 1 1 2,000 232
44000 2 1.79 88,000 1.00 4,677 2338.41 2,000 1 1 2 4,000 677
46000 2 1.79 92,000 1.04 4,889 2444.70 2,000 1 1 2 4,000 889
48000 2 1.79 96,000 1.09 5,102 2550.99 2,000 1 1 2 4,000 -898
48000 2,000 1 2 0 2,000
50000 3 2.68 150,000 1.70 7,972 2657.28 2,000 1 1 3 6,000 -28
50000 2,000 1 3 0 2,000
58000 1 0.89 58,000 0.66 3,082 3082.44 4,000 1 1 1 4,000 -918
62000 1 0.89 62,000 0.70 3,295 3295.03 4,000 1 1 1 4,000 -705
64000 2 1.79 128,000 1.45 6,803 3401.32 2,000 1 1 2 4,000 803
64000 2,000 1 2 0 2,000
76000 1 0.89 76,000 0.86 4,039 4039.06 4,000 1 1 1 4,000 39
82000 1 0.89 82,000 0.93 4,358 4357.94 4,000 1 1 1 4,000 358
84000 1 0.89 84,000 0.95 4,464 4464.23 4,000 1 1 1 4,000 464
90000 1 0.89 90,000 1.02 4,783 4783.10 4,000 1 1 1 4,000 783
96000 2 1.79 192,000 2.18 10,204 5101 98 4,000 1 1 2 8,000 204
96000 2,000 1 2 0 2,000
100000 1 0.89 1,00,000 1.14 5,315 5314.56 6,000 1 1 1 6,000 -685
114000 2 1.79 228,000 2.59 12,117 6058.60 6,000 1 1 2 12,000 117
144000 1 0.89 144,000 1.64 7,653 7652.96 8,000 1 1 1 8,000 -347
170000 1 0.89 170,000 1.93 9,035 9034.75 10,000 1 1 1 10,000 -965
192000 5 4.46 960,000 10.90 51,020 10203.95 10,000 1 1 5 50,000 -980
192000 2,000 1 5 0 2,000
200000 2 1.79 400,000 4.54 21,258 10629.12 10,000 1 1 2 20,000 -742
200000 2,000 1 2 0 2,000
222000 1 0.89 222,000 2.52 11,798 11798.32 12,000 1 1 1 12,000 -202
288000 1 0.89 288,000 3.27 15,306 15305.93 16,000 1 1 1 16,000 -694
298000 1 0.89 298,000 3.38 15,837 15837.38 16,000 1 1 1 16,000 -163
400000 1 0.89 400,000 4.54 21,258 21258.23 20,000 1 1 1 20,000 1258
480000 5 4.46 2,400,000 27.25 127,549 25509.88 24,000 1 1 5 120,000 1549
2,000 3 5 0 6,000
576000 1 0.89 576,000 6.54 30,612 30611.86 30,000 1 1 1 30,000 612
578000 1 0.89 578,000 6.56 30,718 30718.15 30,000 1 1 1 30,000 718
112 100 88,06,000 100 4,68,000 65 4,68,000 0

The Board of Directors of the Company at its meeting held on January 31, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and in meeting held on February 01,2018 has authorized the corporate action for issue of the Equity Shares to Various successful applicants.
The CAN-cum-Refund advices and allotrnent advice- and/or notices will forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before February 02, 2018 Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to February 02, 2018.In case the same is not received within 10 days, investors may contact at the address given belolw. The Equity Shares allocated to successful applicants are being credited to their beneficiary account 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 issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 12, 2018 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the registrar to the issue, Skyline Financial Services Private Limited at www.skylinerta.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:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Indutrial Area, Phase-I, New Delhi-110020
Tel No.: +91 11 64732681-88, Fax No.; +91 11 26292682
Email: virenr@skylinerta.com
Investor Grievance Email: grievances@skylinerta.com ,Website: www.skylinerta.com
Contact Person; Mr Virender Rana, SEBI Regn, No,; INR000003241

Place : Anand, Gujarat
Date : February 01, 2018
For SOLEX ENERGY LIMITED
On behalf Of the Board of Directors
sd/-
Mr Kalpeshkumar Ramanbhai Patel
Chairman and Managing Director
DIN:-01066992

Solex Energy IPO Basis of Allotment FAQs

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

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

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