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September 17, 2018 - September 21, 2018

Spectrum Electrical IPO Basis of Allotment

Our Company was originally incorporated as Spectrum Polytech Private Limited under the Companies Act, 1956 and the Certificate of Incorporation was issued by the Registrar of Companies. Maharashtra, Mumbai on August 12, 2008. Pursuant to Shareholders' Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on February 18, 2014, name of our Company was changed to Spectrum Electrical Component Private Limited and a fresh Certificate of Incorporation dated March 11, 2014 was issued by the Registrar of Companies, Maharashtra, Mumbai. The name was later changed to Spectrum Electrical Industries Pvt. Ltd. on June 14, 2018. The Company was converted into a Public Limited Company pursuant to Shareholders' Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on May 30, 2018 and the name of our Company was changed to Spectrum Electrical Industries Limited vide a fresh Certificate of Incorporation dated June 20, 2018.

Registered Office: No. V -195, MIDC Area, Ajanta Road. Jalgaon- 425 003, Maharashtra | Tel.: 0257 2210 192

E-mail: info@spectrum-india.com | Website: www.spectrum-india.com | Corporate Identity Number: U28100MH2008PLC185764

Contact Person: Ms. Sarita Zamwar, Company Secretary & Compliance Officer

PROMOTER OF OUR COMPANY: MR. DEEPAK CHAUDHARI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 39,80,000 EQUITY SHARES OF Rs. 10/- EACH OF SPECTRUM ELECTRICAL INDUSTRIES LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs.65/- PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO Rs. 2,587.00 LACS ("THE ISSUE"), OF WHICH, 2,00,000 EQUITY SHARES OF Rs 10/- EACH WAS RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (AS DEFINED IN THE SECTION "DEFINITIONS AND ABBREVIATIONS") (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 37,80,000 EQUITY SHARES OF Rs. 10/- EACH FOR CASH AT A PRICE OF RS. 65/- PER SHARE AGGREGATING TO RS. 2,457 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE ". THE ISSUE AND THE NET ISSUE CONSTITUTED 26.32% AND 25.00%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND THE ISSUE PRICE IS RS. 65.00 EACH
THE ISSUE PRICE IS 6.5 TIMES OF THE FACE VALUE.
ISSUE OPENED ON: MONDAY, SEPTEMBER 17, 2018 AND CLOSED ON: FRIDAY, SEPTEMBER 21, 2018.
PROPOSED LISTING: MONDAY, OCTOBER 1, 2018

LISTING: The Equity Shares of our Company offered through Prospectus dated September 6, 2018 are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. Our Company has received an approval letter dated August 31, 2018 from NSE for using its name in this offer document for listing our shares on the EMERGE Platform of NSE. For the purpose of this Issue. EMERGE Platform of National Stock Exchange of India Limited will be the Designated Stock Exchange.

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 DETAILS

The issue has received 596 applications for 3980000 Equity Shares resulting in 1.21 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections, but after bids not banked, invalid duplicate, invalid multiple bids) are as follows:

Detail of the Applications Received (Before Technical Rejection):

Category

No. of Application(s)

% to Total

No. of Equity Shares

% to Total

Subscription (Times)

Market Makers

1

0.17

2,00,000

4.49

1.00

Retail Individual Investors

496

83.22

9,92,000

22.25

0.52

Other than Retail Individual Investors

99

16.61

32,66,000

73.26

1.56

Total

596

100.00

44,58,000

100

1.21

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

Category

No. of Application(s)

No. of Equity Shares

Market Makers

-

-

Retail Individual Investors

5

10,000

Other than Retail Individual Investors

2

30,000

Total

7

40,000

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

Category

Number of Applications

% to Total

Issue Size (as per Prospectus)

Proportionate Issue Size (After rounding off)

No. of Valid Shares applied

% of Total Applied

Subscription (Times)

Revised* Subscription (Times)

Market Maker

1

0.17

2,00,000

2,00,000

2,00,000

4.53

1.00

1.00

Other than Retail Individual Investor's

97

83.36

18,90,000

18,90,000

9,82,000

22.23

0.52

0.52

Retail Individual Investor's

491

16.47

18,90,000

18,90,000

32,36,000

73.25

1.71

1.71

TOTAL

589

100.00

39,80,000

39,80,000

42,63,000

100.00

1.11

1.11

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on September 26, 2018.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 65.00 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 2,00,000 Equity shares.

The details of the Basis of Allotment are as under:

Sr. No

No. of Shares applied for (Category wise)

Number of applications received

% to total

Total No. of Shares applied in each category

% to total

Proportionate shares available

Allocation per Applicant

Ration of allottees to applicants

Serial Number of Qualifying applicants

Number of successful applicants (after rounding)

%to total

Total No. of shares allocated/ alloted

%to total

Surplus/ Deficit (14)-(7)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Before Rounding off (8)

After Rounding off (9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

1

2,00,000

1

100.00

2,00,000

100.00

2,00,000

2,00,000

2,00,000

1

1

1

100.00

2,00,000

100.00

0

GRAND TOTAL

1

100.00

2,00,000

100.00

2,00,000

1

100.00

2,00,000

100.00

0

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. 65.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.52 times i.e. bids received for 9,82,000 Equity Shares. Total number of shares allotted in this category is 9,82,000 Equity Shares to 491 successful applicants.

The details of the Basis of Allotment are as under:

Sr. No

No. of Shares applied for (Category wise)

Number of applications received

% to total

Total No. of Shares applied in each category

% to total

Proportionate shares available

Allocation per Applicant

Ration of allottees to applicants

Serial Number of Qualifying applicants

Number of successful applicants (after rounding)

% to total

Total No. of shares allocated/ alloted

% to total

Surplus/ Deficit (14)-(7)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Before Rounding off (8)

After Rounding off (9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

1

2,000

491

100.00

9,82,000

100.00

18,90,000

2000

2000

1

1

491

100.00

9,82,000

100.00

9,08,000

GRAND TOTAL

491

100.00

9,82,000

100.00

18,90,000

491

100.00

9,82,000

100.00

9,08,000

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. 65.00 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.71 times i.e. bids received for for 32,36,000 shares. The total number of shares allotted in this category is 27,98,000 Equity Shares to 97 successful applicants.

The details of the Basis of Allotment are as under:

Sr. No

No. of Shares applied for (Category wise)

Number of applications received

% to total

Total No. of Shares applied in each category

% to total

Proportionate shares available

Allocation per Applicant

Ration of allottees to applicants

Serial Number of Qualifying applicants

Number of successful applicants (after rounding)

% to total

Total No. of shares allocated/ alloted

% to total

Surplus/ Deficit (14)-(7)

(1)

(2)

(3)

(4)

(5)

(6)

(7)

Before Rounding off (8)

After Rounding off (9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

1

4,000

22

22.68

88,000

2.72

76,089

3,458.59

2,000

1

1

22

22.68

44,000

1.57

-32,089

2,000

8

11

2,3,4,5,6,7,8,10

32,000

1.14

32,000

2

6,000

4

4.12

24,000

0.74

20,752

5,188

4,000

1

1

4

4.12

16,000

0.57

-4,752

2,000

1

2

1

4,000

0.14

4,000

3

8,000

3

3.09

24,000

0.74

20,752

6,917.33

6,000

1

1

3

3.09

18,000

0.64

-2,752

2,000

1

3

1

2,000

0.07

2,000

4

10,000

32

32.99

3,20,000

9.89

2,76,687

8,646.47

8,000

1

1

32

32.99

2,56,000

9.15

-20,687

2,000

5

16

2,4,7,13,15

20,000

0.71

20,000

5

12,000

2

2.06

24,000

0.74

20,752

10,376

10,000

1

1

2

2.06

20,000

0.71

-752

6

14,000

4

4.12

56,000

1.73

48,420

12105

12,000

1

1

4

4.12

48,000

1.72

-420

7

16,000

3

3.09

48,000

1.48

41,503

13,834.33

14,000

1

1

3

3.09

42,000

1.50

497

8

20,000

4

4.12

80,000

2.47

69,172

17,293

16,000

1

1

4

4.12

64,000

2.29

-5,172

2,000

3

4

1,2,3

6,000

0.21

6,000

9

22,000

2

2.06

44,000

1.36

38,044

19,022

18,000

1

1

2

2.06

36,000

1.29

-2,044

2,000

1

2

1

2,000

0.07

2,000

10

36,000

1

1.03

36,000

1.11

31,127

31,127

32,000

1

1

1

1.03

32,000

1.14

873

11

38,000

1

1.03

38,000

1.17

32,857

32,857

32,000

1

1

1

1.03

32,000

1.14

-857

12

40,000

3

3.09

1,20,000

3.71

1,03,758

34,586

34,000

1

1

3

3.09

1,02.000

3.65

-1758

2,000

1

3

1

2,000

0.07

2,000

13

46,000

7

7.22

3,22,000

9.95

2,78,417

39,773.86

38.000

1

1

7

7.22

2,66.000

9.51

-12,417

2,000

6

7

1,2,3,4,5.6

12,000

0.43

12,000

14

50,000

1

1.03

50,000

1.55

43,232

43,232

44,000

1

1

1

1.03

44,000

1.57

768

15

60,000

1

1.03

60,000

1.85

51,879

51,879

52,000

1

1

1

1.03

52,000

1.86

121

16

66,000

1

1.03

66,000

2.04

57,067

57,067

58.000

1

1

1

1.03

58,000

2.07

933

17

3,06,000

6

6.19

18,36.000

56.74

15.87,492

2,64,582.17

2,64.000

1

1

6

6.19

15,84,000

56.63

-3,492

2,000

1

6

2

4.000

0.14

4,000

GRAND TOTAL

97

100.00

32,36000

100.00

27,98,000

97

100.00

27,98,000

100.00

0

The Board of Directors of the Company at its meeting held on September 27, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and at a meeting held on September 27, 2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount will be processed on or before September 27, 2018. ln 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 EMERGE Platform of National Stock Exchange of India Limited 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 September 6, 2018.

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
SEBI Registration No: INR000001383
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis,
Makwana Road, Marol, Andheri East, Mumbai - 400 059.
Tel.: 022-6263 8200; Fax: 022-6263 8299 | Website: www.bigshareonline.com
E-Mail: ipo@bigshareonline.com | Contact Person: Mr. Ashok Shetty

For Spectrum Electrical Industries Limited On behalf of the Board of Directors

Place: Jalgaon

Sd/-

Date : September 27, 2018

Managing Director

Disclaimer clause of NSE: As required, a copy of Offer Document has been submitted to National Stock Exchange of India Limited (hereinafter referred to as NSE). NSE has given vide its letter Ref.: NSE/LIST/258 dated August 31, 2018 permission to the Issuer to use the Exchange's name in this Offer Document as one of the stock exchanges on which this Issuer's securities are proposed to be listed. The Exchange has scrutinized this draft offer document for its limited internal purpose of deciding on the matter of granting the aforesaid permission to this Issuer. It is to be distinctly understood that the aforesaid permission given by NSE should not in any way be deemed or construed that the offer document has been cleared or approved by NSE; nor does it in any manner warrant, certify or endorse the correctness or completeness of any of the contents of this offer document; nor does it warrant that this Issuer's securities will be listed or will continue to be listed on the Exchange; nor does it take any responsibility for the financial or other soundness of this Issuer, its promoters, its management or any scheme or project of this Issuer. Every person who desires to apply for or otherwise acquire any securities of this Issuer may do so pursuant to independent inquiry, investigation and analysis and shall not have any claim against the Exchange whatsoever by reason of any loss which may be suffered by such person consequent to or in connection with such subscription /acquisition whether by reason of anything stated or omitted to be stated herein or any other reason whatsoever

Spectrum Electrical Industries Limited has made a public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Mumbai. The Prospectus is available on the website of designated stock exchange i.e. www.nseindia.com/emerge, the website of the Lead Manager www.arihantcapital.com and website of the Company www.spectrum-india.com. Investors should note that investment in equity shares involves a high degree of risk. For details, Investors should refer and rely on the Prospectus including the section titled "Risk Factors" on page 12 of the Prospectus, which has been filed with ROC.

This announcement has been prepared for publication in India and not to be released or distributed in the United States of America. This announcement is not an offer to sell or a solicitation of any offer to buy equity shares of our Company in any jurisdiction, including the United States of America. The Equity Shares have not been and will not be registered under the U S. Securities Act, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons as defined in Regulation S under the U.S. Securities Act ("U.S. Persons") except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.

Spectrum Electrical IPO Basis of Allotment FAQs

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

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

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