September 4, 2018 - September 11, 2018

Synergy Green IPO Basis of Allotment

(This is only an advertisement for Information purposes and not a Prospectus announcement.)

SYNERGY GREEN INDUSTRIES LIMITED
Corporate Identity Number of our company is U27100PN2010PLC137493

Our Company was originally incorporated on October 08, 2010 as 'Synergy Green Industries Private Limited' as Private Limited Company under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Pune. Further, our Company was converted into Public Limited Company and consequently name of company was changed from 'Synergy Green Industries Private Limited' to 'Synergy Green Industries Limited' vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on February 12, 2018 and a fresh certificate of incorporation dated February 16, 2018 issued by the Registrar of Companies, Pune. For further details, please refer to chapter titled/ 'History and Certain Corporate Matters' beginning on page 118 of the Prospectus.

Registered Office; 392 E Ward, Shahupuri, Kolhapur- 416001, Maharashtra. India. Tel No: +91-0231-2658375
E-Mail: info@synergygreenind.com, Website: www.synergygreenind.com

CONTACT PERSON: MR. NILESH MOHAN MANKAR (COMPANY SECRETARY & COMPLIANCE OFFICER)

PROMOTERS OF OUR COMPANY: MR. SACHIN RAJENDRA SHIRGAOKAR. MR. SOHAN SANJEEV SHIRGAOKAR,
MR. VENDAVAGALI SRINIVASA REDDY AND S.B. RESHELLERS PRIVATE LIMITED

THE ISSUE

INITIAL PUBLIC ISSUE OF 37,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF SYNERGY GREEN INDUSTRIES LIMITED ('0UR COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 70.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 60.00 PER EQUITY SHARE) ('ISSUE PRICE')AGGREGATING TO RS 2646.00 LAKHS ('ISSUE') OF WHICH 1,92,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 70.00 PER EQUITY SHARE, AGGREGATING TO RS 134.40 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 35,88,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 70.00 PER EQUITY SHARE AGGREGATING TO RS 2511.60 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.75% AND 25.39%, 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 242 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 IS 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' BEGINNING ON PAGE 250 OF THE PROSPECTUS

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 70.00. THE ISSUE PRICE IS 7.0 TIMES OF THE FACE VALUE.

ISSUE OPENS ON: TUESDAY, SEPTEMBER 04, 2018 & ISSUE CLOSED ON: TUESDAY, SEPTEMBER 11, 2018 PROPOSED LISTING: SEPTEMBER 21, 2018

The Equity Shares offered through the Prospectus are proposed to be listed or the SME Platform of BSE Limited ('BSE SME'). Our Company has received an approval letter dated July 31, 2018 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE Limited ('BSE SME'). For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about September 21, 2018. *

* Subject to receipt of Listing and trading approvals from the BSE Limited.

All Applicants ware allowed to participale in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding applicalion amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs'),

SUBSCRIPTION DETAILS

The issue has received 338 applications for 38,00,000 Equity Shares resulting in 1.01 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	030	1,92,000	5.05	1.00
Retail Individual Investors	295	87.28	5,90,000	15.53	0.32
Other than Retail Individual Investors	42	12.43	30,18,000	79.42	1.68
TOTAL	338	100.00	38,00,000	100.00

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

Category	No. of Applications	No. of Equity Shares
Market Makers	Nil	Nil
Retail Individual Investors	6	12,000
Other than Retail Individual Investors	Nil	Nil
TOTAL	⁶	12,000

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 00	1.92,000	1,92.000	100 00	1.00
Total	1	10000	1,92,000	1,92,000	100.00	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size (Spilled over)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual lnvestors	289	87.31	17,94,000	5,78,000	5,78,000	16.07	0.32
Other than Retail Individual Investors	42	12.69	17,94,000	30,10,000	30,18,000	83.93	1.68
Total	331	100.00	35,88,000	35,88,000	35,96,000	100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on September 17, 2018.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 70 per Equity Share was finalised in Conusltation BSE Limhed. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,92,000 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
1,92,000	1	101.00	1,92,000	100.00	1,92,000	1,92,000	1,92,000	1	1	1	1,92,000	--
TOTAL	1	100.00	1,92,000	100.00	1,92,000	1,92,000	1,92,000	1	1	1	1,92,000	--

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Ralail Individual Investors, at the issue price of Rs 70 per Equity Share, was finalized in consultation with BSE Limited. Tha category was subscribed by 0.32 times i.e. for 5,78,000 Equity Shares. Total number or shares allotted in this category is 5,78,000 Equity Shares to 289 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	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
2000	289	100.00	5,78,000	100.00	17,94,000	6207.61	2000	1	1	289	578,000	-12,16,000
TOTAL	289	100.00	5,78,000	100.00	17,94,000					289	5,78,000	-12,16,000

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 70 per Equity Share, was finalised in consultation with BSE Limited. The cetegory was subscribed by 1.66 times, i. e. for 30,18,000 shares the total number of shares allotted in this category is 30,10,000 Equity Shares 42 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	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
4000	8	19.05	32000	1.06	31918	3989.38	4000.00	1	1	8	32000	84
6000	8	14.29	36000	1.19	35905	5984.17	6000.00	1	1	6	36000	95
8000	5	11.90	40000	1.33	39894	7978.80	8000.00	1	1	5	40000	106
10000	1	2.38	10000	0.33	9973	9973.00	10000.00	1	1	1	10000	27
12000	1	2.38	12000	0.40	11968	11968.00	12000.00	1	1	1	12000	32
14000	2	4.76	28000	0.93	27926	13963 00	14000.00	1	1	2	28000	74
18000	1	2.38	18000	0.60	17952	17952.00	18000.00	1	1	1	18000	48
20000	3	7.14	60000	1.99	59841	19947.00	20000.00	1	1	3	60000	159
28000	1	2.38	28000	0.93	27926	27926.00	28000.00	1	1	1	28000	74
36000	1	2.38	36000	1.19	35905	35905.00	36000.00	1	1	1	36000	95
40000	1	2.38	40000	1.33	39894	39894.00	40000.00	1	1	1	40000	106
42000	1	2.38	42000	1.39	41889	41889.00	42000.00	1	1	1	42000	111
50000	1	2.38	50000	1.66	49867	49867.00	50000.00	1	1	1	50000	133
60000	1	2.38	60000	1.99	59841	59841.00	60000.00	1	1	1	60000	159
70000	1	2.38	70000	2.32	69814	69814.00	70000.00	1	1	1	70000	186
72000	1	2.38	72000	2.39	71809	71809.00	72000.00	1	1	1	72000	191
84000	1	2.38	84000	2.78	83777	83777.00	8400000	1	1	1	84000	223
86000	1	2.38	86000	2.85	85772	85772.00	86000.00	1	1	1	86000	228
120000	1	2.38	120000	3.98	119682	119682.00	120000.00	1	1	1	120000	318
144000	1	2.38	144000	4.77	143618	143618.00	144000.00	1	1	1	144000	382
200000	1	2.38	200000	6.63	199470	199470.00	198000.00	1	1	1	198000	-1470
350000	1	2.38	350000	11.60	349072	349072 00	348000.00	1	1	1	348000	-1072
1400000	1	2.38	1400000	46.39	1396289	1396289.00	1396000.00	1	1	1	1396000	-289
TOTAL	42	100.00	30,18,000	100.00	30,10,000					42	30,10,000	0

The Board of Directors of the Company at its meeting held on September 17, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited on September 17, 2018. Further the Company in its meeting held on September 18, 2018 has authorized the corporate action for issue of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advices 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 Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to September 19, 2018. In 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 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 BSE Limiled (BSE SME) 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 August 24, 2018 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue. Link Intirne India Private Limited at www.intime.co.in All future correspondence in this record 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:

LINK INTIME INDIA PRIVATE LIMITED
C101, 1st Floor, 247 Park, LBS Mara, Vikhroli (West), Mumbai,
Maharashtra, India - 400083
Telephone: + 91 22 49166200; Facsimile: +91 22 49186195
Email: synergygreen.ipo@linkintime.co.in
Investors Grievance Email: synergygreen.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Place: Kolhapur, Maharashtra Date: September 18, 2018	On behalf of Board of Directors Sd/- Mr. Sohan Sanjeev Shirgaokar Joint Managing Director DIN:- 00217631

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SYNERGY GREEN INDUSTRIES LIMITED.

Synergy Green IPO Basis of Allotment FAQs

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

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

Visit the Synergy Green IPO allotment status page to check the number of shares allocated to your application.

Synergy Green IPO Basis of Allotment

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