November 16, 2017 - November 21, 2017

Ambition Mica FPO Basis of Allotment

AMBITION MICA LIMITED

Our Company was incorporated as 'Ambition Mica Private Limited' in Ahmedabad, Gujarat, as a private limited company under the provisions of the Companies Act, 1956 vide certificate of incorporation dated March 19,2010 bearing registration no. 059931 issued by Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli, Ahmedabad. Our Company was converted in to public company vide fresh certificate of incorporation consequent upon conversion from private to public company dated March 25,2015 issued by Registrar of Companies, Ahmedabad, Gujarat. The shares of our company got listed with the SME platform of BSE Ltd. through Initial Public offer on July 14,2015. Our corporate identification number is L25202GJ2010PLC059931. For further details of in corporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 56 and 145 of the Prospectus respectively.

Registered Office: Shop No.10, Ground Floor, Raghav Residency, Opp. Naroda G.E.B., Dehgam Road, Naroda, Ahmedabad - 382330, Gujarat Tel No.: +91 79 29292629; Fax No.: Not Available; E-mail: investor@ambitionmica.com; Website www.ambitionmica.com
Corporate Identification Number: L25202GJ2010PLC059931; Contact Person: Gauravkumar Jani, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: VELJIBHAI PATEL AND GOVINDBHAI PATEL

BASIS OF ALLOTMENT

FURTHER PUBLIC OFFER CONSISTING OF FRESH ISSUE 30,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID FOR CASH AT A PRICE OF RS. 42/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS. 32/- PER EQUITY SHARE) AGGREGATING UP TO RS. 1260.00 LAKHS (THE 'ISSUE'), OF WHICH 1,56,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 42/- PER EQUITY SHARE, AGGREGATING RS. 65.52 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 28,44,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 42/- PER EQUITY SHARE, AGGREGATING RS. 1194.48.LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 20.10% AND 19.06% RESPECTIVELY OFTHE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

Risks to Investors:

1. As on date of the Prospectus, the average cost of acquisition per Equity Share by our Promoters viz. Veljibhai Patel and Gocindbhai Patel is Rs. 3.33 each. In terms of Prospectus dated November 23,2017 and as per SEBI (ICDR) Regulations, 2009 wherein
(a) minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
(b) the balance net offer of shares to the public shall be made available for allotment to
(i) individual applicants other than retail investors and
(ii) other investors including corporate bodies/ institutions irrespective of no. of shares applied for.
(c) 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.
All Investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter 'Issue Procedure' on page 276 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS. 42/-AND IS 4.2 TIMES THE FACE VALUE OF THE EQUITY SHARES
ISSUE OPENED ON: THURSDAY, NOVEMBER 16, 2017 AND CLOSED ON: TUESDAY, NOVEMBER 21, 2017

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the SME Platform of BSE Limited (' BSE SME') in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an In-principle approval letter dated November 3,2017 from BSE SME for using its name in the Issue document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue, SME Platform of the BSE Limited shall be the Designated Stock Exchange.

SUBSCRIPTION DETAILS

The Issue has received 1,464 applications for 6,057,000 Equity shares (Before Technical Rejections, bids not banked, invalid multiple bids and invalid duplicate bids) including Market Maker Application of 1,56,000 Equity Shares. The issue was subscribed to the extent of 2.019 times as per the application data (before technical rejection, bids not banked, invalid multiple bids and invalid duplicate bids). After considering the technical rejections, bids not banked, bids not registered, invalid multiple bids and invalid duplicate bids the issue was subscribed 1.872 times. The details of application received (After Technical Rejection, bids not banked, bids not registered and invalid bids)

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION	REVISED SUBSCRIPTION
Market Makers	1	1,56,000	1.00	1.00
Other than Retail Individual Investors	132	18,06,000	1.27	1.92
Retail Individual Investors	1,218	36,54,000	2.57	1.92
TOTAL	1,351	56,16,000	1.87	1.87

Final Demand

Sr.No.	Bid Price	No. of Equity Shares Bid	% to total	Cumulative total	% of Cumulative total
1.	40.00	72,000	1.19	72,000	1.19
2.	41.00	42,000	0.70	1,14,000	1.88
3.	42.00	31,02,000	51.21	32,16,000	53.10
4.	CUT-OFF	28,41,000	46.90	60,57,000	100.00
	Total	60,57,000	100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - SME Platform of the BSE Limited on November 24,2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 42/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,56,000 Equity shares in full out of reserved portion of 1,56,000 Equity Shares.

Note: Retail individual investor has subscribed to the extend 66.92 % of the net issue. Hence they were offered 66.98 % of net issue of 2,844,000 shares i.e. 1,905,000 shares (after rounding off) and balance 33.02% aggregating to 939,000 out of 1,806,000 shares were received as valid under HNI category allotted to non-retails category.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 42/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.92 times. Total number of shares allotted in this category is 19,05,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No.of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No. of Equity Shares allotted	Surplus/ (Deficit)
3,000	1,218	100	36,54,000	100	19,05,000	1564.04	3,000	635:1218	19,05,000	0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 42/- per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.92 times. Total number of shares allotted in this category is 9,39,000 Equity Shares. The category wise basis of allotment is as under:

Sr. No.	No. of Shares Applied for (Category wise)	No. of Applications received	% to total	Total No.of Equity Shares applied	% to total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to the Applicants	Total No.of Equity Shares allotted	Surplus/ (Deficit)
1.	6000	79	59.85	474000	26.25	246449	3119.60	3000	1:1	2,37,000	9449
3000 additional shares have been allotted for serial no. 1 in the ratio of 3:79								3000	3:79	9,000	(9000)
2.	9000 \| 15 111.361 135000 \| 7.48 \| 70191 \| 4679.40							3000	1:1	45,000	25191
3000 additional shares have been allotted for serial no. 2 in the ratio of 8:15								3000	8:15	24,000	(24,000)
3.	12000 \| 6 \| 4.551 72000 \| 3.99 \| 37435 \| 6239.20							6000	1:1	36000	1435
3000 additional shares have been allotted for serial no. 3 in the ratio of 1:6								3000	1:6	3000	(3000)
4.	15000 \| 5 \| 3.791 75000 \| 4.15 \| 38995 \| 7799.00							6000	1:1	30000	8995
3000 additional shares have been allotted for serial no. 4 in the ratio of 3:5								3000	3:5	9000	(9000)
5.	18000	2	1.52	36000	1.99	18718	9358.80	9000	1:1	18000	718
6.	21000	2	1.52	42000	2.33	21837	10918.60	9000	1:1	18000	3837
3000 additional shares have been allotted for serial no. 6 in the ratio of 1:2								3000	1:2	3000	(3000)
7.	24000 \| 4 \| 3.031 96000 \| 5.32 \| 49914 \| 12478.41							12000	1:1	48000	1914
3000 additional shares have been allotted for serial no. 7 in the ratio of 1:4								3000	1:4	3000	(3000)
8.	27000 \| 4 \| 3.031 108000 \| 5.98 \| 56153 \| 14038.21							12000	1:1	48000	8153
3000 additional shares have been allotted for serial no. 8 in the ratio of 3:4								3000	3:4	9000	(9000)
9.	30000 \| 5 \| 3.791 150000 \| 8.31 \| 77990 \| 15598.01							15000	1:1	75000	2990
3000 additional shares have been allotted for serial no. 9 in the ratio of 1:5								3000	1:5	3000	(3000)
10.	36000	1	0.76	36000	1.99	18718	18717.61	18000	1:1	18000	718
11.	45000	2	1.52	90000	4.98	46794	23397.01	24000	1:1	48000	(1206)
12.	48000	1	0.76	48000	2.66	24957	24956.81	24000	1:1	24000	957
13.	63000	4	3.03	252000	13.95	131023	32755.81	33000	1:1	132000	(977)
14.	72000	1	0.76	72000	3.99	37435	37435.22	36000	1:1	36000	1435
15.	120000	1	0.76	120000	6.64	62392	62392.03	63000	1:1	63000	(608)
	Total	132	100	1806000	100	939000				939000	0

The Board of Directors of the Company at its meeting held on November 25,2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and authorized corporate action for allotment of shares in dematerialized form to various successful applicants. The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before November 28,2017. Further, the instructions to SCSBs shall be issued on November 27,2017 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 SME Platform of the BSE Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before November 29, 2017 subject to receipt of listing and trading approvals from BSE.
INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.karisma.karvy.com. 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:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot No. 31-32, Gachibowli, Financial District,
Nanakramguda, Hyderabad-500 032, India.
Tel: +91 40 6716 2222; Fax: +91 40 23431551
Email: ambitionmica.fpo@karvy.com; Website: www.karisma.karvy.com
Contact Person: M. Murali Krishna; SEBI Registration No: INR000000221
CIN: U72400TG2003PTC041636

Date: November 27,2017 Place: Ahmedabad, Gujarat	For Ambition Mica Limited On behalf of the Board of Directors Sd/- Gauravkumar Jani Company Secretary and Compliance Officer

Ambition Mica FPO Basis of Allotment FAQs

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

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

Visit the Ambition Mica FPO allotment status page to check the number of shares allocated to your application.

Ambition Mica FPO Basis of Allotment

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