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June 23, 2015 - June 30, 2015

Ambition Mica IPO Basis of Allotment

AMBITION MICA LIMITED

Our Company was incorporated as 'Ambition Mica Private Limited' under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 19,2010 issued by Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli, Ahmedabad bearing Registration No.059931 in Ahmedabad, Gujarat. Subsequently our Company was converted into a public limited company vide fresh Certificate of Incorporation dated March 25, 2015 and the name of our Company was changed to 'Ambition Mica Limited'. The Corporate Identity Number of our Company is U25202GJ2010PLC059931. For details of incorporation, 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 63 and 145 respectively of the Prospectus.

Registered Office: Shop No.10, Ground Floor, Raghav Residency, Opp. Naroda G.E.B., Dehgam Road, Naroda, Ahmedabad - 382230, Gujarat, India Tel.: 079- 65417241; Fax: N.A; Email: investor@ambitionmica.com; Website: www.ambitionmica.com; Corporate Identity Number: U25202GJ2010PLC059931 Contact Person: Nisha Jha. Company Secretary and Compliance Officer; Promoters of Our Company: Veliibhai Patel and Govindbhai Patel

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 10,74,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF AMBITION MICA LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 40 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 30 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 429.60 LAKHS ('THE ISSUE'), OF WHICH 54,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 40 PER EQUITY SHARE, AGGREGATING RS. 21.60 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 10,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 40 PER EQUITY SHARE, AGGREGATING RS. 408.00 LACS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.03% AND 25.67% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE OF RS. 40 IS 4 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.

In terms of Prospectus dated June 16,2015 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. 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 FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 40. THE ISSUE PRICE IS 4 TIMES OF THE FACE VALUE. ISSUE OPENED ON JUNE 23,2015 AND CLOSED ON JUNE 30,2015

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated May 07,2015 from BSE for using its name in the Prospectus for listing of our Shares on SME Platform of BSE. The designated stockexchange is BSE.

All Applicants were allowed 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 339 applications for 17,61,000 Equity shares (including Market Maker Application of 54,000 Equity Shares) resulting 1.64 times subscription. After considering, a Cheque Return, Withdrawals, and Technical / Multiple Rejection case, the issue was subscribed 1.59 times (including the Market Maker Portion).

The details of application received (Before Technical Rejection & withdrawal of application but after Cheque returns).

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 54,000 1.00
Other than Retail Individual Investor's 90 9,63,000 1.89
Retail Individual Investor's 245 7,35,000 1.44
TOTAL 336 17,52,000 1.63

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

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Makers - -
Other than Retail Individual Investor's 4 30,000
Retail Individual Investor's 5 15,000
TOTAL 9 45,000

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

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Makers 1 54,000 1.00
Other than Retail Individual Investor's 86 9,33,000 1.83
Retail Individual Investor's 240 7,20,000 1.41
TOTAL 327 17,07,000 1.59

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on July 9,2015.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 54,000 Equity shares in full out of reserved portion of 54,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotmentto the Retail Individual Investors, at the issue price of Rs. 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.41 times. Total number of shares allotted in this category is 510000 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 Ratio of Allottees to the Applicants Total No. of Equity Shares allotted Surplus / (Deficit)
3,000 240 100 7,20,000 100 5,10,000 3,000 17:24 5,10,000 0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection and Withdrawal): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 40/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.83 times. Total number of shares allotted in this category is 510000 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)
6,000 41 47.67 2,46,000 26.37 1,34,469 3,279.743 3,000 1:1 1,23,000 11469
9,000 6 6.98 54,000 5.79 29,518 4,919.614 6,000 1:1 36,000 -6482
12,000 19 22.09 2,28,000 24.44 1,24,630 6,559.486 6,000 1:1 1,14,000 10630
15,000 7 8.14 1,05,000 11.25 57,395 8,199.357 9,000 1:1 63,000 -5605
18,000 2 2.33 36,000 3.86 19,678 9,839.228 9,000 1:1 18,000 1678
24,000 11 12.79 2,64,000 28.30 1,44,309 13,118.970 12,000 1:1 1,32,000 12309
3,000 8:11 24,000 -24000
Total 86 100.00 9,33,000 100.00 5,10,000 5,10,000

The Board of Directors of the Company vide resolution passed by circulation on July 10,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before July 13,2015. Further, the instructions to SCSBs have been processed on July 09,2015. 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 SME Platform of BSE within Twelve working days from the date of the closure of the Issue.The Trading is proposed to commence on or before July 14,2015 subject to receipt of listing and trading approvals from BSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrarto the Issue at https://karisma.karvy.com All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the Firs/ 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 atthe address of the Registrar given below:

KARVY COMPUTERSHARE PRIVATE LIMITED

Karvy Selenium Tower B, Plot No.31-32, Gachibowli Financial District,
Nanakramgudam, Hyderabad - 500 032. India.
Tel:+91 40- 6716 2222; Fax: +91 40 2343 1551
Email: ambition.ipo@karvy.com; Website: https://karisma.karvy.com

Date: July 11,2015
Place: Ahmedabad, Gujarat

For Ambition Mica Limited
On behalf of the Board of Directors
Sd/-
Govindbhai Patel
Managing Director

Ambition Mica IPO Basis of Allotment FAQs

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

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

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

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