Chemcrux Enterprises IPO Basis of Allotment

CHEMCRUX ENTERPRISES LIMITED

Our Company was incorporated as "Chemcrux Enterprises Limited" at Vadodara, Gujarat as a Public Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 15,1996 bearing Corporate Identification Number U01110GJ1996PLC029329 and Certificate of Commencement of Business dated August 08,1996 issued by Registrar of Companies, Gujarat, Dadra & Nagar Haveli. For details of Incorporation and Registered office of our Company, please refer to chapter titled 'General Information' and 'Our History' and Certain Other Corporate Matters' beginning on page 60 and 156 respectively of this Prospectus

Registered Office: T-7, National Plaza, R. C. Dutt Road, Vadodara - 390 007, Gujarat, India;
Tel No.: +91 265 2344803; Fax No.: +91 265 2332910; E-mail: companysec@chemcrux.com; Website: www.chemcrux.com
Corporate Identification Number: U01110GJ1996PLC029329; Contact Person: Alpesh S. Makwana, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: SANJAYBHAI MARATHE AND GIRISH SHAH

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 13,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF CHEMCRUX ENTERPRISES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 8 PER EQUITY SHARE (THE "ISSUE PRICE"), AGGREGATING RS. 240.48 LAKHS ("THE ISSUE"), OF WHICH 72,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE, AGGREGATING RS. 12.96 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 12,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 18 PER EQUITY SHARE, AGGREGATING RS. 227.52 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.06% AND 25.61 % RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated March 07,2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:
a) 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 266 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH.
THE ISSUE PRICE OF RS. 18.00 IS 1.8 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON MARCH 15, 2017 AND CLOSED ON MARCH 20, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") ("BSE SME") 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 February 14,2017 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.

SUBSCRIPTION DETAILS

The Issue has received 4254 applications for 7,34,64,000 Equity shares (Before Technical Rejections and after bids not banked) (including Market Maker Application of 72,000 Equity Shares) resulting 54.99 times subscription. After considering, a Technical Rejection case, the issue was subscribed 54.37 times (including the Market Maker Portion). The details of application received (Before Technical Rejection)