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December 27, 2018 - January 2, 2019

Axita Cotton IPO Basis of Allotment

Our Company was incorporated as "Axita Cotton Private Limited" at Ahmedabad on July 16, 2013, under the provisions of the Companies Act. 1956 vide Certificate of Incorporation issued by the Registrar of Companies. Gujarat, Dadra and Nagar Haveli. Consequent up on the conversion of our Company from Private Limited Company to Public Limited Company, the name of our Company was changed to "Axita Cotton Limited" and fresh Certificate of Incorporation consequent up on the conversion from Private Limited Company to Public Limited Company dated October 15, 2018 was issued by the Registrar of Companies. RoC - Ahmedabad For details of change in name and registered office of our Company, please refer to chapter titled "HISTORY AND CORPORATE MATTERS" beginning on page no. 98 of the Prospectus.

Registered Office: Servey No. 324, 357, 358, Kadi-Thol Road, Bonsana, Kadi, Mahesana-382715, Gujarat: Tel No. : +916358747514;
Website: www.axitacotton com; E-Mail: cs@axitacotton.com; Company Secretary and Compliance Officer: Mr. Deepakkumar Chaubisa
PROMOTERS OF THE COMPANY:
MR. NITINBHAI GOVINDBHAI PATEL, MR. KUSHAL NITINBHAI PATEL AND MR. AMITKUMAR GOVINDBHAI PATEL
BASIS OF ALLOTMENT

AXITA COTTON LIMITED - SME IPO

PUBLIC ISSUE OF 1752000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF AXITA COTTON LIMITED ("AXITA" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 60 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF� RS. 50 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO� RS. 1051.20 LAKH ("THE ISSUE"), OF WHICH 92000 EQUITY SHARES OF FACE VALUE OF� RS. 10 EACH FOR CASH AT A PRICE OF� RS.�60 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 50 PER EQUITY SHARE AGGREGATING TO� RS. 55.20 LAKH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 1660000 EQUITY SHARES OF FACE VALUE OF� RS. 10 EACH AT A PRICE OF� RS.� 60 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 50 PER EQUITY SHARE AGGREGATING TO RS. 996.00 LAKH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.74% AND 25.34% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated December 14, 2018 and as per 32(4) of the SEBI (ICDR) Regulations, 2018 whereinallocation in the net offer to the public category shall be; (a) minimum of 50 % to Retail Individual Investors and (b) remaining to i) individual applicants other than retail individual investors and ii) other investors including corporate bodies or institutions, irrespective of number of specified secunties applied for. Provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category.

Explanation: If the retail individual investor category is entitled to more than fifty percent, of the Net issue size on a proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS� RS. 10/- EACH AND THE ISSUE PRICE IS RS.�60/- EACH INCLUDING ASHARE PREMIUM OF RS.� 50/- PER EQUITY SHARE. THE ISSUE PRICE IS 6 TIMES OF THE FACE VALUE. ISSUE WAS OPENED ON THURSDAY, DECEMBER 27, 2018 AND CLOSED ON WEDNESDAY, JANUARY 2, 2019.

The Equity Shares offered through this Prospectus are proposed to be listed on SME Platform of BSE Limited. In terms of the Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time, our Company has received in principle approval letter dated December 11, 2018 from BSE Limited ("BSE") for using its name in this offer document for listing our shares on the SME Platform of BSE. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited.

SUBSCRIPTION DETAILS

Details of Applications:

The Issue has received 658 applications (before Technical Rejections but after removing 15 applications for 30000 shares for which "bid filed but not banked) for 3252000 Equity Shares (Including Market Maker Application of 92000 Equity Shares) resulting 1,856 times subscription. The details of the applications received in the Issue (before Technical Rejections but after removing 15 applications for 30000 shares for which "bid filed but not banked) are as follows:

Details of the valid Applications Received (before Technical Rejections but after removing 15 applications for 30000 shares for which "bid filed but not banked):

Category Number of Applications Number of Equity Shares Subscription Ratio
Market Makers 1 92000 1.000 Times
Non Retail Investor's 28 1902000 2.292 Times
Retail Individual Investor's 629 1258000 1.516 Times
Total 658 3252000 Overall 1.856 Times

Total 3 applications received in Retail Individual Investors Category for 6000 Shares were rejected on technical grounds. Further, there was no withdrawal of application in any of the category

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on January 7, 2019.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of� Rs.� 60/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 92000 Equity shares in full, out of reserved portion of 92000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal, if any): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 60/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.508times Total number of shares allotted in this category is 830000 Equity Share 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 Oft) Allocation per Applicant (after Rounding Off) Ratio of Alio ttees to the Applicants Serial Number of Qualifying appli cants Number of Successful Applicants (After Round ing Off) % to Total Total No. of Equity Shares allocated/ allotted % to Total No. of Shares Surplus /Deficit
2000 626 100.00 1252000 100.00 830000 1325.88 2000 415:626 As below 415 100.00 830000 100.00 0
Total 626 100.00 1252000 100.00 830000 415 100.00 830000 100.00 0

Serial Number of Qualifying applicants - Retail Individual Investors:

2, 3, 4, 5, 8, 11, 12,14, 16, 18, 19, 21, 22, 24, 25, 26, 29, 31, 32, 36, 38, 39, 42, 44, 45, 47, 50, 51, 53, 54, 55, 58, 60, 62, 64, 65, 69, 70, 71, 72, 75, 76, 77, 79, 82, 83, 85, 86, 87, 90, 92, 93, 95, 96, 97, 101, 102, 104, 105, 108, 109, 110, 111, 112, 117, 119, 120, 121, 123, 125, 126, 127, 128, 129, 130, 131, 132, 137,138, 139, 140, 141, 144, 145, 147, 149, 150, 151, 152, 153, 154, 156, 157, 158, 160, 161, 162, 165, 167, 168, 170, 171, 172, 173, 174, 175, 176, 177, 179, 181, 182, 183, 184, 185, 187, 188, 189, 192, 193, 194, 195, 197,198, 199, 201, 202, 204, 205, 206, 207, 210, 211, 212, 214, 215, 218, 219, 223, 225, 227, 228, 229, 230, 231, 232, 233, 234, 235, 236, 237, 238, 240, 241, 242, 243, 245, 246, 250, 252, 253, 254, 257, 258, 259, 260, 261, 263, 264, 266, 270, 271, 272, 274, 275, 276, 277, 279, 280, 281, 282, 284, 285, 286, 289, 290, 291, 292, 294, 295, 298, 299, 300, 301, 303, 304, 305, 307, 308, 309, 310, 311, 312, 314, 315, 316, 319, 320, 321, 322, 323, 327, 328, 329, 331, 332, 334, 335, 336, 338, 343, 344, 345, 347, 348, 349, 350, 354, 356, 357, 358, 359, 360, 361, 362, 363, 364, 365, 366, 367, 368, 370, 373, 374, 375, 376, 379, 380, 381, 382, 383, 385, 386, 387, 388, 389, 390, 391, 392, 395, 396, 399, 401, 404, 405, 406, 407, 408, 410, 411, 413, 414, 415, 416, 417, 418, 420, 421, 426, 427, 429, 432, 433, 435, 436, 437, 438, 439, 440, 441, 442, 443, 445, 447, 449, 451, 452, 453, 454, 456, 458, 460, 461, 462, 463,464, 465, 467, 468, 471,472, 474, 475, 476, 477, 478, 479, 480, 483, 484, 485, 486, 488, 489, 493, 494, 495, 497, 498, 499, 500, 501, 504, 505, 506, 507, 508, 510, 511, 512, 513, 514, 515, 517, 518, 520, 521, 522, 524, 525, 527, 528, 529, 533, 534, 535, 536, 537, 539, 540, 542, 543, 545, 546, 547, 548, 550, 552, 554, 555, 556, 557, 560, 561, 562, 564, 565, 567, 568, 569, 571, 572, 575, 576, 577, 578, 579, 580, 581, 582, 583, 585, 587, 589, 590, 593, 595, 596, 599, 600, 601, 603, 604, 606, 608, 611, 612, 613, 615, 616, 618, 619, 620, 623, 624, 625

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. 60/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 2.2915 times. Total number of shares allotted in this category is 830000Equity Shares. The category wise basis of allotment is as under:
No. ol 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 Alio ttees to the Applicants Serial Number of Qualifying applicants Number of Succe ssful Applicants (After Round ing Off) % to Total Total No. of Equity Shares allocated/ allotted % to Total Surplus /(Deficit) (Rounded off)
4000 9 32.14 36000 1.89 15708 1745.33 2000.00 8:9 1,2,3,4,5,6,8,9 8 29.63 16000 1.94 292
6000 3 10.71 18000 0.95 7855 2618.33 2000.00 1:1 3 11.11 6000 0.73 -1855
6000 2000 aditional share is allocated for Serial no 2 in the ratio of 1:3 2000.00 1:3 1 2000 2000
20000 1 3.57 20000 1.05 8728 8728.00 8000.00 1:1 1 3.70 8000 0.97 -728
42000 7 25.00 294000 15.46 128297 18328.14 18000.00 1:1 7 25.93 126000 15.25 -2297
42000 2000 additional share is allocated for Serial no 4 in the ratio of 1:7 2000.00 1:7 6 2000 2000
82000 2 7.14 164000 8.62 71567 35783.50 36000.00 1:1 2 7.41 72000 8.72 433
84000 1 3.57 84000 4.42 36656 36656.00 36000.00 1:1 1 3.70 36000 4.36 -656
164000 1 3.57 164000 8.62 71567 71567.00 72000.00 1:1 1 3.70 72000 8.72 433
166000 1 3.57 166000 8.73 72440 72440.00 72000.00 1:1 1 3.70 72000 8.72 -440
250000 1 3.57 250000 13.14 109096 109096.00 110000.00 1:1 1 3.70 110000 13.32 904
290000 1 3.57 290000 15.25 126551 126551.00 126000.00 1:1 1 3.70 126000 15.25 -551
416000 1 3.57 416000 21.87 181535 181535.00 182000.00 1:1 1 3.70 182000 22.03 465
Total 28 100.00 1902000 100.00 830000 27 100.00 830000 100.00 0

The Board of Directors of the Company at its meeting held on January 8, 2019 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 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. Further, the instructions to Self Certified Syndicate Banks were being processed on or before January 8, 2019. 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 Thursday January 10, 2019 subject to receipt of final listing and trading approvals from the BSE

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. Link Intime India Pnvate United at www.linkintime.co.in. 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 Bank Branch where the application had been lodged and payment details at the address of the Registrar given below

LINK INTIME INDIA PRIVATE LIMITED On behalf of the Board of Directors
Address: C-101,1st Floor, 247 Park, Lai Bahadur Shastri Marg, For, AXITA COTTON LIMITED
Vikhroli (West), Mumbai -400 083, Maharashtra. Tel. Number: +912249186200; Sd/-
Fax Number: +912249186195; Website: www.linkintime.co.in; Kushal Nitinbhai Patel
SEBI Registration Number: INR000004058; Contact Person: Ms. Shanti Goapalkrishnan; Managing Director
Email/ Investor Grievance E-mail: axita.ipo@linkmtime.co.in DIN: 06626639
Place: Kadi
Date : January 8, 2019

Axita Cotton IPO Basis of Allotment FAQs

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

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

Visit the Axita Cotton 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 Axita Cotton IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).