March 31, 2017 - April 7, 2017

ASL Industries IPO Basis of Allotment

ASL INDUSTRIES LIMITED

CIN: U36900WB1992PLC099901

Our Company was originally tormed as a partnership firm constituted under the Indian Partnership Act, 1932 on September 01, 1983 under thn name Ajanta Industries. Ajanta industries was thereafter converted from a partnership firm to a private limited company under Part IX of the Companies Act. 1956 as Ajanta Composite Private Limited and a certificate of incorporation was issued by the Registrar of Companies, Bihar ('RoC') on February 20, 1992. The name of our Company was changed to ASL Industries Private Limited and a fresh certificate of incorporation consequent upon change of name was issued by the RoC Bihar & Jharkhand on January 22,2003. Pursuant to an order passed by the Company Law Board. Eastern Region Bench, Kolkata bearing order dated August 04.2004. the registered office of our Company was shifted from state of JharKhand to West Bengal on September 23,2004. Subsequently our Company was converted into public limited Company pursuant to shareholders resolution passed at the Extra-Ordinary General Meeting held on February 26. 2016 and the name of our Company was changed to ASL Industries Limited. A fresh certificate Of incorporation consequent upon conversion to public limited Company was issued by the RoC on March 15, 2016. For further details, please see the section titied History' and Certain Other Corporate Matters' beginning on page 88 of the prospectus. .

Registered Office:78 punwani. Chambers, Kiran Shankar Roy Road, Kolkata-700001. | Tel.: +91-33-22480150 | Far +91-33-22480150
Corporate Office: C- 54, 55 & 56, Phase IV,NS 7&8 Phase IV B-13 B-14P,B-27P & B-28, Adityapur lndustrial Area. Gamharia, Jamshedpur-832 108. Contact Person: Simi Sen, Company Secretary and Compliance Officer | TeL: +91-657-6571890 | Fax: +-91-6S7-2200419 | Email: cs@aslindustries.in;

PROMOTERS OF OUR COMPANY: DILIP KUMAR GOYAL,
JAYSHREE GOYAL, AKSHAY GOYAL AND ANKIT GOYAL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 28,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF ASL INDUSTRIES LIMITED ('OUR COMPANY' OR 'THE ISSUER ) FOR CASH AT A PRICE OF RS 35.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 25.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 980.00 LAKHS ('THE ISSUE ) OF THE ISSUE, 1,44,000 EQUTTY SHARES AGGREGATING TO RS 50.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 26,56,000 EQUITY SHARES OF FACE VALUE OF RS 10 00 EACH AT AN ISSUE PRICE OF RS 35.00 PER EQUITY SHARE AGGREGATING TO RS 929.60 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE', THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.88% AND 25.50%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITV SHARE CAPITAL OF OUR COMPANY FOR FUHTHEH DETAILS PLEASE REFER 'TERMS OF THE ISSUE' ON PAGE 183 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE SEBI ICDR REGULATIONS'), AS AMENDED THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS. 2009 AS AMENDED. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 190 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE
PRICE IS RS 35.00. THE ISSUE PRICE IS 3.50 TIMES OF THE FACE VALUE.
ISSUE OPENED ON FRIDAY, MARCH 31, 2017 AND CLOSED ON FRIDAY, APRIL 07, 2017.

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of National Stock Exchange of India Limited ('NSE EMERGE') In terms of the chapter XB of the SEBI (ICDR) Regulations. 2009 as amended from time In time. Our Company has received an in-principle approval letter dated March 21. 2017 from National Stock Exchange of India Limited for. using its name in the offer document for listing of our Shares on the EMERGE platform of National Stock Exchange of India Limited. The trading is proposed to be commenced on or about April 18. 2017 subject to receipt of listing, and trading approvals from the National Stock Exchange of India Limited.
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 1,090 applications for 67,88,000 Equity Shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 1.44.000 Equity Shares) resulting in 2.42 times subscription. After considering, a Technical Rejection case, the issue was subscribed 2.41 times (including the Market Maker Portion). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

Category	No, of Applications	%	No, of Equity Shares	%	Subscription (Times)
Market Maker	1	0.09	1.44,000	2.12	1.00
Retail Individual Investors	1,028	94.31	41.12.000	60.58	2.51
Other than Retail Individual Investors	61	5.60	25,32,000	37.30	2.49
TOTAL	1,090	100.00	67.88.000	100.00	2.42

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

Category	No, of Applications	No, of Equity Shares
Market Maker	Nil	Nil
Retail Individual Investors	9	36,000
Other than Retail Individual Investors	Nil	Nil
Total	9	36,000

After eliminating technically, rejected applications, the foilowing tables give us category wise net valid applications:

Category	No. of Applications	% to Total	Proportionate Shares Available	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Market Maker	1	0.09	1,44,000	1,44,000	2.13	1.00
Retail Individual Investors.	1,019	94.26	16,40,000	40,76,000	60.37	2.49
Other than Retail Individual Investors	61	5.64	10,16,000	25,32,000	37.50	2.49
TOTAL	1.081	100.00	28,00,000	67,52,000	100.00	2.41

Allocation; The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited April 12,2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker at the Issue price of Rs 35 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,44.000 Equity shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 35 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited, The category was subscribed by 2,49 times, Total number of shares allotted in this category is 16.40,000 Equity Shares to 410 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise)	No. of Appli cations received	% of Total	Total No.of Equity Shares applied in this Category	% of total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding (off)	Allocation per Applicant (After Rounding (off)	Ratio.of Allottees to Applicant	Number of Successful applicant aftar rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
4.000	1.019	100	40,76.000	100	16,40,000	1.609.42	4,000	410:1019	410	16.40.000	0
Total	1,019	100	40.76.000	100	16.40.000				410	16.40,000	0

C. Allocatien to Other than Retail Individual investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 35 per Equily Share, was finalized in consultation with National Stock Exchange of India Limited, The category was subscribed by 2,49 times. Total number of shares allotted in this category is 10,16,000 Equity Shares to 61 successful applicants.

The category wise basis of allotment is as under;

No. of Shares Applied for (Category wise)	No. of Appli cations received	% of Total	Total No.of Equity Shares applied in this Category	% of total	Proporti nate Shares Available	Allocation per Applicant (Before Rounding (off)	Allocation per Applicant (After Rounding (off)	Ratio.of Allottees to Applicant	Number of Successful applicant aftar rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
8,000	13	21.31	1,04,000	4.11	41.731	3.210.08	4,000	1:1	13	52,000	(10269)
12,000	5	8.20	60,000	2.37	24,076	4.815.20	4,000	1:1	5	20,000	4076
16,000	8	13.11	1,28,000	5.06	51,362	6.420.25	8,000	1:1	8	64,000	(12638)
20.000	10	16.39	2,00,000	7.90	80.253	8.025.30	8,000	1:1	10	80,000	253
24,000	4	6.56	96,000	3.79	38,521	9,630.25	8,000	1:1	4	32,000	6521
28,000	2	3.28	56,000	2.21	22.471	11.235.50	12,000	1:1	2	24,300	(1529)
32,000	1	1,64	32,000	1.26	12,840	12,840,00	12,000	1:1	1	12,000	840
36,000	1	1.64	36,000	1.42	14,445	14.445.00	16,000	1:1	1	16,000	(1555)
40.000	2	3.28	80,000	3.16	32.101	16.050.50	16,000	1:1	2	32,000	101
48,000	1	1.64	48,000	1.90	19,261	19.261.00	20,000	1:1	1	20,000	(739)
52,000	1	1.64	52,000	2.05	20.866	20.866.00	20,000	1:1	1	20,000	866
60,000	1	1.64	60,000	2.37	24,076	24,076.00	24,000	1:1	1	24,000	76
64,000	1	1.64	64,000	2.53	25.681	25.681.00	24,000	1:1	1	24,000	1681
68,000	1	1.64	68,000	2.69	27,286	27.286.00	28,000	1:1	1	28,000	(714)
72,000	1	1.64	72,000	2.84	28,891	28.891.00	28,000	1:1	1	28.000	891
1,00,000	3	4.92	3,00,000	11.85	1,20,379	40,126.33	40,000	1:1	3	1,20,000	379
1,44,000	5	8.20	7,20,000	28.44	2,88,910	57.782.00	56,000	1:1	5	2,80,000	3910
3,56,000	1	1.64	3,56,000	14.06	1,42,650	1,42,850.00	1,40,000	1:1	1	1,40,000	2850
Tolal	61	100.00	25,32,000	100.00	10,16,000				61	10,16,000	0

The Board of Directors of the Company at its meeting held on April 12,2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for allotment of shares in dematerialized form 10 various successful applicants.
The CAN and 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 April 13, 2017. Further, the instructions to Self Certified Syndicate Banks being processed on April 12. 2017. In case the same is not received within prescribed time, investors may contact at the address given below The Equity Shares allocated to successful applicants are being credited to their benefciary accounts subject to validation of the account details with the depositaries concerned. The Company is takingj steps to get the Equity Shares admitted for trading on the EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue.
Note: All capitalizfed tarms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 24, 2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue Karvy Computershare Private Limited at www.karisma.karvy.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name cf the First/Sole applicants, 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 COMPUTERSHAFLE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli financial District. Nanakramguda. Hyderabad - 500 032.
Tel: +91 40-67162222: Fax: +91 40-23431551; E-mail: einward.ris@karvy.com
Investor grievance e-mail: asl.ipo@karvy.com. Website: www.karisma.karvy.com
Contact Person: Mr. M Murli Krishna: SEBI Registration No.: INR000000221

Place : Kolkata Date : April 15, 2017	For ASL Industries Limited On behalf of the Board of Directors Sd/- Mr. Ankit Goyal Managing Director

ASL Industries IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in ASL Industries IPO .

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

Visit the ASL Industries IPO allotment status page to check the number of shares allocated to your application.

In ASL Industries IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the ASL Industries IPO basis of allotment document to know how the shares are allocated in ASL Industries IPO.

ASL Industries IPO Basis of Allotment

ASL Industries IPO Basis of Allotment FAQs

How shares are allotted in ASL Industries IPO?

What is ASL Industries IPO basis of allotment status?

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