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March 15, 2017 - March 20, 2017

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)

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Maker 1 72,000 1.00
Otherthan Retail Individual Investor's 186 4,08,56,000 64.65
Retail Individual Investors 4,067 3,25,36,000 51.48
TOTAL 4,254 7,34,64,000 54.99

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Maker - 0
Other than Retail Individual Investor's 2 3,04,000
Retail Individual Investor's 65 5,20,000
TOTAL 67 8,24,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Maker 1 72,000 1.00
Other than Retail Individual Investor's 184 4,05,52,000 64.16
Retail Individual Investor's 4,002 3,20,16,000 50.66
TOTAL 4,187 7,26,40,000 54.37

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE on March 23,2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 18/- 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 72,000 Equity shares in full out of reserved portion of 72,000 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. 18/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 50.66 times. Total number of shares allotted in this category are 6,32,000 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)
8,000 4,002 100 3,20,16,000 100 6,32,000 157.92 8,000 79:4002 6,32,000 0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 18/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 64.16 times. Total number of shares allotted in this category is 6,32,000 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)
16,000 49 26.63 7,84,000 1.93 12,219 249.36 8,000 1:49 8,000 -4,219
24,000 13 7.075 3,12,000 0.77 4,862 374.04 8,000 1:13 8,000 3,138
32,000 16 8.70 5,12,000 1.26 7,979 498.72 8,000 1:16 8,000 21
40,000 12 6.52 4,80,000 1.18 7,481 623.40 8,000 1:12 8,000 519
48,000 7 3.80 3,36,000 0.83 5,237 748.08 8,000 1:7 8,000 2,763
56,000 7 3.80 3,92,000 0.97 6,109 872.76 8,000 1:7 8,000 1,891
64,000 12 6.52 7,68,000 1.89 11,969 997.44 8,000 1:12 8,000 -3,969
72,000 1 0.54 72,000 0.18 1,122 1,122.11 0 0 0 -1,122
80,000 5 2.72 4,00,000 0.99 6,234 1,246.79 8,000 1:5 8,000 1,766
88,000 1 0.54 88,000 0.22 1,371 1,371.47 0 0 0 -1,371
96,000 1 0.54 96,000 0.24 1,496 1,496.15 0 0 0 -1,496
1,12,000 2 1.09 2,24,000 0.55 3,491 1,745.57 0 0 0 -3,491
1,20,000 2 1.09 2,40,000 0.59 3,740 1,870.19 8,000 1:2 8,000 4,260
1,36,000 1 0.54 1,36,000 0.34 2,120 2,119.55 0 0 0 -2,120
1,60,000 1 0.54 1,60,000 0.39 2,494 2,493.59 0 0 0 -2,494
2,16,000 1 0.54 2,16,000 0.53 3,366 3,366.34 8,000 1:1 8,000 4,634
2,24,000 1 0.54 2,24,000 0.55 3,491 3,491.02 8,000 1:1 8,000 4,509
2,56,000 2 1.09 5,12,000 1.26 7,979 3,989.74 8,000 1:2 8,000 21
2,72,000 2 1.09 5,44,000 1.34 8,478 4,239.10 8,000 1:2 8,000 -478
2,80,000 7 3.80 19,60,000 4.83 30,546 4,363.78 8,000 4:7 32,000 1,454
2,88,000 1 0.54 2,88,000 0.71 4,488 4,488.46 8,000 1:1 8,000 3,512
2,96,000 1 0.54 2,96,000 0.73 4,613 4,613.14 8,000 1:1 8,000 3,387
3,04,000 2 1.09 6,08,000 1.50 9,476 4,737.82 8,000 1:2 8,000 -1,476
3,12,000 1 0.54 3,12,000 0.77 4,862 4,862.50 8,000 1:1 8,000 3,138
3,20,000 2 1.09 6,40,000 1.58 9,974 4,987.18 8,000 1:2 8,000 -1,974
4,00,000 2 1.09 8,00,000 1.97 12,468 6,233.97 8,000 1:1 16,000 3,532
4,08,000 1 0.54 4,08,000 1.01 6,359 6,358.65 8,000 1:1 8,000 1,641
4,16,000 1 0.54 4,16,000 1.03 6,483 6,483.33 8,000 1:1 8,000 1,517
4,80,000 1 0.54 4,80,000 1.18 7,481 7,480.77 8,000 1:1 8,000 519
5,12,000 1 0.54 5,12,000 1.26 7,979 7,979.48 8,000 1:1 8,000 21
5,52,000 2 1.09 11,04,000 2.72 17,206 8,602.88 8,000 1:1 16,000 -1,206
5,60,000 2 1.09 11,20,000 2.76 17,455 8,727.56 8,000 1:1 16,000 -1,455
5,68,000 1 0.54 5,68,000 1.40 8,852 8,852.24 8,000 1:1 8,000 -852
5,76,000 1 0.54 5,76,000 1.42 8,977 8,976.92 8,000 1:1 8,000 -977
5,84,000 1 0.54 5,84,000 1.44 9,102 9,101.60 8,000 1:1 8,000 -1,102
6,08,000 1 0.54 6,08,000 1.50 9,476 9,475.64 8,000 1:1 8,000 -1,476
6,64,000 1 0.54 6,64,000 1.64 10,348 10,348.39 8,000 1:1 8,000 -2,348
6,80,000 1 0.54 6,80,000 1.68 10,598 10,597.75 8,000 1:1 8,000 -2,598
7,20,000 1 0.54 7,20,000 1.78 11,221 11,221.15 8,000 1:1 8,000 -3,221
8,32,000 1 0.54 8,32,000 2.05 12,967 12,966.66 16,000 1:1 16,000 3,033
10,16,000 1 0.54 10,16,000 2.51 15,834 15,834.29 16,000 1:1 16,000 166
12,08,000 1 0.54 12,08,000 2.98 18,827 18,826.59 16,000 1:1 16,000 -2,827
12,56,000 5 2.72 62,80,000 15.49 97,873 19,574.67 16,000 1:1 80,000 -17,873
12,56,000 8,000 2:5 16,000 16,000
12,64,000 9 4.89 1,13,76,000 28.05 1,77,297 19,699.35 16,000 1:1 1,44,000 -33,297
12,64,000 8,000 4:9 32,000 32,000

The Board of Directors of the Company at its meeting held on March 23,2017 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 and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before March 27,2017. Further, the instructions to SCSBs shall be issued on March 24,2017 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before March 28,2017 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 Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ 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 at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki naka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-4043 0200; Fax: +91-22-2847 5207; Email: ipo@bigshareonline.com;
Website: www.bigshareonline.com
Contact Person: Babu Raphael; SEBI Registration No: INR000001385

Place: Vadodara

Date: March 24,2017

For CHEMCRUX ENTERPRISES LIMITED
On behalf of the Board of Directors
Sb/-
Girish Shah
Chairman and Whole Time Director

Chemcrux Enterprises IPO Basis of Allotment FAQs

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

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

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