Accord Synergy IPO Basis of Allotment

ACCORD SYNERGY LIMITED
Corporate Identity Number: U45200GJ2014PLC079847

Our Company was incorporated on June 19,2014 as Accord Synergy Private Limited under the provisions of the Companies Act, 2013 with Certificate of Incorporation bearing Registration Number 079847 dated June 19, 2014 issued by the Registrar of Companies Ahmedabad. Subsequently our Company was converted into a public limited company pursuant to special resolution passed at the Extra Ordinary General Meeting of our Company held on February 8, 2017. A fresh certificate of incorporation consequent upon conversion to Accord Synergy Limited was issued on February 23,2017 by the Registrar of Companies Ahmedabad. The Corporate Identification Number is U45200GJ2014PLC079847.

Registered and Corporate Office: 302, Shine Plaza, Natubhi Circle, Race Course, Vadodara -390007, Gujarat, India. | Tel No.: +91 265-2356800 | Fax No.: +91 265-2356800
E-mail: compliance@accordsynergy.com | Website: www.accordsynergy.com | Contact Person: Ms. Swati Thakrel, Company Secretary and Compliance Officer

PROMOTER OF OUR COMPANY: MR. BETULLA ASDULLA KHAN AND MRS. ROLI BETULLA KHAN

BASIS OF ALLOTMENT

PUBLIC ISSUE UPTO 9,72,000 EQUITY SHARES OF A FACE VALUE OF RS 10.00 EACH (THE 'EQUITY SHARES') OF ACCORD SYNERGY LIMITED ('ASL' ACCORD' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS 60.00 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 583.20 LAKHS ('THE ISSUE'), OF WHICH, 96,000 EQUITY SHARES OF RS 10.00 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS 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 8,76,000 EQUITY SHARES OF RS 60.00 EACH (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.99% AND 25.23%, RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

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, AS AMENDED FROM TIME TO TIME (THE 'SEBIICDR REGULATIONS').

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS 6 TIMES OF THE FACE VALUE.
ISSUE OPENED ON THURSDAY JUNE 22, 2017 AND CLOSED ON WEDNESDAY JUNE 28, 2017.

PROPOSED LISTING: JULY 06, 2017*

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Ltd. ('NSE') i.e., 'NSE EMERGE' and traded in the SME Continuous Normal Market. Our Company has received an 'in-principal' approval from NSE for the listing of the Equity Shares pursuant to the letter dated March 17, 2017. For the purpose of this Issue, the designated Stock Exchange will be the National Stock Exchange of India Limited ('NSE'). The trading is proposed to be commenced on or about July 06,2017.*

*Subject to receipt of listing and trading approvals from the NSE.

In terms of the SEBI Circular No. CIR/CFD/POLICYCELL/11/2015, all potential investors shall participate in the Issue only through an Application Supported by Blocked Amount ('ASBA') process providing details about the bank account which will be blocked by the Self Certified Syndicate Banks ('SCSBs') for the same.

SUBSCRIPTION DETAILS

The issue has received 44,744 applications for 135,646,000 Equity Shares resulting in 139.55 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):

The details of applications reiected by the Registrar on technical Grounds are detailed below:

*this includes 14 applications for 28,000 Equity shares from retail individual investors which were not in book.

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

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on July 03,2017

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 60 per Equity Share, was finalised in consultation with National Stock Exchange Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 96,000 Equity shares.
The category wise details of the Basis of Allotment are as under: