Akg Exim IPO Basis of Allotment

Our Company was originally incorporated at New Delhi as "AKG Exim Private Limited" on 26th July, 2005 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Asst. Registrar of Companies. NCT of Delhi & Haryana. Consequent upon the conversion of our Company to public limited company, the name of our Company was changed to "AKG Exim Limited" vide fresh certificate of incorporation dated 17th January, 2018 issued by the Registrar of Companies, Delhi. For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled "General Information" and "Our History and Corporate Structure" beginning on pages 61 and page 147 respectively of the Prospectus.

PUBLIC ISSUE OF 17,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF AKG EXIM LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 31.00 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 21.00 PER EQUITY SHARE (THE "ISSUE PRICE"). AGGREGATING RS. 551.80 LACS ("THE ISSUE"), OF WHICH 92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 31.00 PER EQUITY SHARE, AGGREGATING RS. 28.52 LACS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 16,88,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH CASH AT A PRICE OF RS. 31.00 PER EQUITY SHARE, AGGREGATING RS. 523.28 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.89% and 25.50% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 11th August, 2018 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies / institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.

Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

The Equity Shares offered through the Prospectus 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, Company has received In-Principle approval letter dated 11th July, 2018 from NSE for using its name in the offer document for listing of our Shares on the EMERGE platform of NSE. The designated stock exchange is National Stock Exchange of India Limited ("NSE"). All Applicants are mandatorily 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 106 applications for 19,88,000 Equity Shares (Including Market Maker Application of 92,000 Equity Shares) resulting 1.12 times subscription. Out of the same, 6 applications of aggregating 36,000 Equity Shares were not banked. Hence 100 applications for 19,52,000 Equity Shares (Including Market Maker Application of 92,000 Equity Shares) resulting 1.10 times subscription was considered. The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection and Multiple Applications):

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

Details of the Valid Applications Received (After Technical Rejection & withdrawal):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited ("NSE") on 19th September, 2018.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs. 31/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 92,000 Equity shares in full out of reserved portion of 92,000 Equity Shares.

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. 31/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.35 times. Total number of shares allotted in this category is 2,96,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Non Retail Investors (Alter Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs. 31/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.85 times. Total number of shares allotted in this category is 13,92,000 Equity Shares including spill over of 5,48,000 Equity Shares by Retail Individual Investors. The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on 18th September, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants.

The allotment advice cum refund intimation will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks being processed on or before 22nd September, 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 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 NSE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 25th September, 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 would also be hosted on the website of the Registrar to the Issue, Mas Services Ltd at 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 ASBA Bank details at the address of the Registrar given below: