Ace Integrated Solutions IPO Basis of Allotment

ACE INTEGRATED SOLUTIONS LIMITED
Corporate Identification Number: U74140DL1997PLC088373

Our Company was incorporated as ''Ace Integrated Solutions Private Limited' under the Companies Act, 1956 vide certificate of incorporation dated July 04, 1997 issued by Registrar of Companies, NCT of Delhi and Haryana bearing Registration No. 55-88373 in Delhi. Subsequently, our Company was converted into a Public Limited Company and fresh Certificate of Incorporation consequent to conversion was issued on, September 30, 2016 by the Registrar of Companies, NCT of Delhi and Haryana and consequently the name of our Company was changed to 'Ace Integrated Solutions Limited'. The Corporate identification Number of Our Company is U74140DL1997PLC088373. For details of change in registered office of our Company please refer to chapter titled 'Our history and Certain Other Corporate Matters ' beginning on page 102 of the Prospectus.

Registered Office: B-13 DSIDC Complex, Functional Industrial Estate, Indl. Area Patparganj, New Delhi - 110092, India
Tel. No.: +91 011 2216 2970; Fax No.: +91 011 2215 6374; E-mail: cs@aceintegrated.com
Website: www.aceintegrated.com
Contact Person: Mr. Ranjeet Singh, Company Secretary and Compliance Officer.

PROMOTERS OF THE COMPANY: MR. CHANDRA SHEKHAR VERMA AND MRS. AMITA VERM A

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF ACE INTEGRATED SOLUTIONS LIMITED ( 'AISL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 40 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS 30 PER EQUITY SHARE) AGGREGATING TO RS 720.00 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 90,000 EQUITY SHARES OF RS 40 FULLY PAID UP EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 17,10,000 EQUITY SHARES OF RS  40 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE' THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.15% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY,

THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME).
For further details please refer to 'Section VII - issue information' beginning on Page 214 of The Prospectus,

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND
THE ISSUE PRICE IS RS 40/-. THE ISSUE PRICE IS 4 TIMES OF THE FACE VALUE.

PROPOSED LISTING: JULY 13, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform. In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time, we are not required to obtain an in-principle listing approval for the shares being offered In in is issue. However, our Company has received an In-principle approval letter dated June 08, 2017 from NSE for using its name in the offer document for listing of our Equity Shares on the NSE Emerge Platform. 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 with effect frpm Stock Exchange will be the National Stock Exchange of India Limited ('NSE'). The trading is proposed to be commenced with effect from  July 13, 2017*.

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

All Applicants were allowed to participate in the Issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASB A') process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (The 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 316 applicalions for 27,36,000 Equity Shares resulting in 1.52 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows:

Details of the Applications Received (Before Technical Rejections & After Cheque Returns):

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

(Technical rejection)

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 - NSE India Limited on July 10, 2017.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price or Rs 40/- per Equity Share, was finalized in consultation with NSE India Limited. The category was subscribed by One times. The total number of shares allotted in this category is 90,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allolment to the Retail Individual Investors, at the issue price of Rs 40/- per Equity Share, was finalized in consultation with NSE India Limited. The category was subscribed by 0.94 times. The total number of shares allotted in this category is 8,04,000 Equity Shares to 268 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 40/- per Equity Share, was finalized in consultation With NSE India Limited. The category was subscribed 1.93 times. The total number of shares allotted in this category is 9,06,000 Equity Shares.

The Calegory-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on July 11, 2017 has taken on record the Basis of Allocation of Equily Shares approved by the Designated Stock Exchange viz. NSE India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before July 12, 2017. Further, the instructions to Self Certified Syndicate Banks For unblocking the amout are being processed on or prior to July 11, 2017. In case the same is not received within ten days, investors may contact Registrar at the address given below. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the accounl details with the depositories concerned. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of NSE 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 meaning assigned to them in the Prospectus dated June 21, 2017 ('Prospectus').

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 Regisirar to the Issue quoting full name of the First/Sole applicants, serial number of the Application Form, number of shares applied for Bank branch where the application had been lodged and payment details at the address of the Registrar given below;

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate. Sakivihar Road, Sakinakah Andheri (East), Mumbai - 400072.
Tel.: +91 22 4043 0200' Fax: +-91 22 2847 5207;
Email: ipo@bigshareonline.com   Website; www.bigshareonline.com
Contact Person: Mr. Jibu John: SEBI Registration No.: INR000001385