Ashok Masala IPO Basis of Allotment

ASHOK MASALA MART LIMITED
(CIN- U15122MH2014PLC252200)

Our Company was originally incorporated as 'Ashok Masala Mart Limited' in Mumbai, Maharashtra under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated 17th January, 2014 bearing Registration Number 252200 issued by the Registrar of Companies, Mumbai, Maharashtra. We have obtained the Certificate of Commencement dated 7th March, 2014. The Corporate Identification Number of our Company is U15122MH2014PLC252200. 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 page 37 and page 122 respectively of the Prospectus.

Registered Office: 184/188, Mandvi Chamber, Hazrat Abbas Road, Samuel Street, Khoja Gully, Chinchbunder, Mumbai - 400 009, Maharashtra, India
Tel: +91-22-2344 6871; 2346 5315; Email: ashokmasalamart@gmail.com; Website: www.ashokmasalamart.com
Company Secretary & Compliance Officer: Ms. Barkha Jain

PUBLIC ISSUE OF 20,10,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') OF ASHOK MASALA MART LIMITED ('AMML' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 10 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 201.00 LACS ('THE ISSUE'), OF WHICH, 1,10,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 19,00,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 38.95% AND 36.82%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 20th July, 2017 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 SME platform of BSE Limited ('BSE') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company has received an in-principle approval letter dated 6th July, 2017 from BSE for using its name in the offer documentfor listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.

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 1981 applications for 2,19,50,000 Equity Shares (Including Market Maker Application of 1,10,000 Equity Shares) resulting 10.920 times subscription. Twelve (12) applications aggregating to 1,20,000 Equity Shares was not banked, hence 1969 applications for 2,18,30,000 Equity Shares (Including Market Maker Application of 1,10,000 Equity Shares) resulting 10.861 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 & withdrawal of application):

The details of applications rejected by the Registrar on technical grounds (including withdrawals) 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 - BSE Limited on 17th August, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs, 10/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 1,10,000 Equity shares in full out of reserved portion of 1,10,000 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. 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 11.000 times. Total number of shares allotted in this category is 17,90,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs. 10/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 11.545 times. Total number of shares allotted in this category is 1,10,000 Equity Shares. The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on 18th August, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares/ dispatch of share certificates to various successful applicants. The allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 18th August, 2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 18th August, 2017. 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 Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 22nd August, 2017 subject to receipt of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrarto the Issue, Karvy Computershare Private Limited at All future correspondence in this regard may kindly be addressed to the Registrarto the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied f or and ASBA Bank details at the address of the Registrar given below:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31 -32, Gachibowli, Financial District,
Nanakramguda, Hyderabad - 500 032.
Tel: +91 40 6716 2222; Fax: + 91 40 23431551
E-mail: ashokmasalamart.ipo@karvy.com; Website: www.karisma.karvy.com
Contact Person: Mr. M Murali Krishna; SEBI Registration: INR000000221