Accuracy Shipping IPO Basis of Allotment

Our Company was originally incorporated as 'Accuracy Shipping Private Limited' at Gandhidham, Gujarat, as a private limited company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated October 24, 2008 bearing Corporate Identification Number U52321GJ2008PTC055322 issued by Registrar of Companies, Gujarat at Dadra and Nagar Havelli. Our Company was converted in to Public Limited Company pursuant to shareholders resolution passed at Extraordinary General Meeting of our Company held on January 31, 2018 and the name of our Company was changed to Accuracy Shipping Limited and a Fresh Certificate of incorporation consequent upon conversion of company to Public Limited dated February13, 2018 was issued by Registrar of Companies, Gujarat. The Corporate Identification number of our Company is U52321GJ2008PLC055322.
For further details of change of name and registered office of our Company, please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 145 and 66 of the Prospectus.

Registered Office: Survey No 42 Plot No 11, Meghpar Borichi, Anjar, Kachchh- 370110 Gujarat, India. Corporate Identification Number: U52321GJ2008PLC055322.Tel: 02836-258251;
Fax: 02836-258253 Contact Person: Shipra Jhanwar, Company Secretary & Compliance Officer; Email: investors@aslindia.net; Website: www.aslindia.net

In terms of Rule 19(2) (b) (i) of the Securities Contracts (Regulation) Rules, 1957, as amended (the 'SCRR') the Issue is being made for at least 25% of the post-Issue paid-up Equity Share capital of our Company. The Issue is being made in accordance with Chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time ('SEBI (ICDR) Regulations'), wherein 49.98% of the Net Issue was available for allocation on a proportionate basis to QIBs, provided that our Company, in consultation with the BRLM have allocated 58.95% of the QIB Portion to Anchor Investors on a discretionary basis. One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription in the Anchor Investor Portion, the remaining Equity Shares shall be added to the QIB Portion. 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion (excluding Anchor Investor Portion) was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, 15.01 % of the Net Issue was available for allocation on a proportionate basis to Non-Institutional Investors and 35.01 % of the Net Issue was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All investors (except Anchor Investors) shall participate in this Issue mandatorily through the Applications Supported by Blocked Amount ('ASBA') process by providing details of their respective bank accounts which will be blocked by SCSBs. For further details please refer the section titled 'Issue Information' beginning on page 221 of the Prospectus.

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'), in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an in principal approval letter dated April 20,2018 from National Stock Exchange of India Limited for using its name in the Offer document for listing of our shares on the EMERGE Platform of National Stock Exchange of India Limited. For the purpose of this Issue National Stock Exchange of India Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 1256 applications for 40,09,600 Equity shares (Before Technical Rejections, Multiple Rejections but after bids not banked Invalid Bids Multiple, Invalid Bids Duplicate) including Market Maker Application of 2,17,600 Equity Shares. The issue was subscribed to the extent of 1.31 times as per the application data (before technical rejection, multiple rejections, but after bids not banked, Invalid Bids Multiple, Invalid Bids Duplicate). After considering the technical rejections cases, the issue was subscribed 1.29 times (including Market Maker Portion)

The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids)

Final Demand:

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Limited on June 20, 2018.

A. Allocation to Market Maker (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times.The total number of shares allotted in this category is 2,17,600 Equity shares in full out of reserved portion of 2,17,600 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections and Multiple Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed 1.37 times. Total number of shares  allotted 14,14,400. Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Non Institutional Investor (After Technical Rejection and Multiple Rejections): The Basis of Allotment to Non Institutional Investors, at the issue price of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subcribed by 1.63 times. Total number of shares allotted in this category is 6,06,400 Equity Shares. The category wise basis of allotment is as under:

D. Allocation to Qualified institutional investor (Excluding Anchor investors and After Technical Rejection and multiple rejections): Qualified Institutional Investor (Excluding Anchor Investors), at the issue pnce of Rs. 84/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. Total number of shares allotted in this category is 8,28,800 Equity Shares. The category wise basis of allotment is as under:

* As per prospectus June 18, 2018, the issue is 100% underwriting agreement March 20, 2018. AS QIB category is undersubcribed to the extend of 27,200 share, the underwriter is obliged to subscribe the unsubscribed portion in terms of the cited underwriting agreement. Hence, the Underwriter has brought in Rs. 22,84,800/- for 27,200 Equity shares at the rate of Rs.84.00 (cut off price) per Equity Share by transferring funds in to public issue account no. 000405116650 having account title ACCURACY SHIPPING LIMITED - PUBLIC ISSUE ACCOUNT with ICICI Bank on June 19, 2018, which has accordingly considered while doing basis of allotment under QIB portion. Accordingly, 27, 200 equity shares pursuant to the aforesaid underwriting obligation shall be allotted to the Underwriters viz., Pantomath Capital Advisors Private Limited.
The category-wise details of the Basis of Allotment are as under:

E. Allocation to Anchor Investors: Our Company in consultation with the BRLM has allocated 11,90,400 Equity Shares to 1 Anchor Investors (through 1 application) at the Anchor Investor Issue Price of Rs. 84/- per Equity Share in accordance with SEBI ICDR Reoulations. This represents 58.95% of the QIB Portion after adjusting Lot size:

The Board of Directors of the Company at its meeting held on June 20, 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 authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been issued on June 20, 2018 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of the National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before June 22, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE
The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.linkintime.co.in. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/Sole applicant, 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
C-101,1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai 400083, Maharashtra, India. Tel: +91 022 49186200; Fax: +91 022 49186195; Email: accuracy.ipo@linkintime.co.in
Investor grievance mail: accuracy.ipo@linkintime.co.in; Website: www.linkintime.co.in; Contact Person: Shanti Gopalkrishnan; SEBI Registration Number: INR000004058