June 30, 2016 - July 5, 2016

Commercial Syn Bags IPO Basis of Allotment

COMMERCIAL SYN BAGS LIMITED

Our Company was originally incorporated as 'Commercial Synbags Private Limited' at Indore, Madhya Pradesh as a private limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 10,1984 issued by Registrar of Companies, Madhya Pradesh, Gwalior. Subsequently, our Company was converted into public limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of our Company held on March 20,1993 and the name of our Company was changed to 'Commercial Syn-Bags Limited' pursuant to issuance of fresh Certificate of Incorporation dated May 21,1993 by the Registrar of Companies, Madhya Pradesh, Gwalior. Subsequently, the name of our Company was changed to 'Commercial Syn Bags Limited' and a fresh Certificate of Incorporation pursuant to change of name was issued by the Registrar of Companies, Madhya Pradesh, Gwalior on May 18,2016. The Corporate Identification Number (CIN) of our Company is 'U25202MP1984PLC002669'. For details of Incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 68 and 200 respectively of the Prospectus.

Registered Office: Commercial House, 3-4, Jaora Compound, M.Y.H. Road, Indore, Madhya Pradesh - 452001, India. Tel No.: 0731-4279525/26; Fax No.: 0731-2704210; E-mail: investors@comsyn.com; Website: www.comsyn.com Corporate Identity Number: U25202MP1984PLC002669; Contact Person: Ms. Megha Parmar, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MR. ANIL CHOUDHARY, MR. MOHANLAL CHOUDHARY AND SUPER SACK PRIVATE LIMITED

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 31,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF COMMERCIAL SYN BAGS LIMITED ('THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 24 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 14 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 766.08 LAKHS ('THE ISSUE'), OF WHICH 1,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 24 PER EQUITY SHARE, AGGREGATING RS. 40.32 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 30,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 24 PER EQUITY SHARE, AGGREGATING RS. 725.76 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.01 % AND 25.59% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY
In terms of Prospectus dated June 23,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein

(a) minimum of 50% of the Net Offerto 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 otherthan 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 anyone of the categories specified in (a) or (b) shall/may be made availableforallocatJon in any othercategory, 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 347 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE OF RS. 24.00 IS 2.4 TIMES OF THE FACE VALUE
ISSUE OPENED ON JUNE 30, 2016 AND CLOSED ON JULY 5, 2016.
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 June 21,2016 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.

SUBSCRIPTIONDETAILS

The Issue has received 1803 applications for 2,19,12,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 1,68,000 Equity Shares) resulting 6.86 times subscription. After considering, Technical Rejection cases, the issue was subscribed 6.76 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	1,68,000	1.00
Other than Retail Individual Investors	193	1,20,90,000	7.99
Retail Individual Investors	1,609	96,54,000	6.38
TOTAL	1,803	2,19,12,000	6.86

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	0
Other than Retail Individual Investors	4	90,000
Retail Individual Investors	41	2,46,000
TOTAL	45	3,36,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY	NUMBER OF APPLICATIONS	NUMBER OF EQUITY SHARES	SUBSCRIPTION	REVISED SUBSCRIPTION
Market Maker	1	1,68,000	1.00	1.00
Other than Retail Individual Investors	189	1,20,00,000	7.99	7.93
Retail Individual Investors	1,568	94,08,000	6.38	6.22
TOTAL	1,758	2,15,76,000	6.86	6.75

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE on July 11,2016.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 24/- 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 1,68,000 Equity shares in full out of reserved portion of 1,68,000 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. 24/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 6.22 times. Total number of shares allotted in this category is 15,12,000 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)
6,000	1,568	100.00	94,08,000	100.00	15,12,000	964.29	6,000	9:56	15,12,000	100.00
TOTAL	1,568	100.00	94,08,000		15,12,000				15,12,000

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 24/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 7.93 times. Total number of shares allotted in this category is 15,12,000 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)
12,000	66	34.92	7,92,000	6.60	99,792	1,512	6,000	17:66	1,02,000	2,208
18,000	22	11.64	3,96,000	3.30	49,896	2,268	6,000	9:22	54,000	4,104
24,000	18	9.52	4,32,000	3.60	54,432	3,024	6,000	5:9	60,000	5,568
30,000	7	3.70	2,10,000	1.75	26,460	3,780	6,000	5:7	30,000	3,540
36,000	5	2.65	1,80,000	1.50	22,680	4,536	6,000	4:5	24,000	1,320
42,000	14	7.41	5,88,000	4.90	74,088	5,292	6,000	13:14	78,000	3,912
48,000	4	2.12	1,92,000	1.60	24,192	6,048	6,000	1:1	24,000	(192)
54,000	2	1.06	1,08,000	0.90	13,608	6,804	6,000	1:1	12,000	(1,608)
60,000	12	6.35	7,20,000	6.00	90,720	7,560	6,000	1:1	72,000	(18,720)
66,000	2	1.06	1,32,000	1.10	16,632	8,316	6,000	1:1	12,000	(4,632)
84,000	3	1.59	2,52,000	2.10	31,752	10,584	12,000	1:1	36,000	4,248
90,000	2	1.06	1,80,000	1.50	22,680	11,340	12,000	1:1	24,000	1,320
96,000	1	0.53	96,000	0.80	12,096	12,096	12,000	1:1	12,000	(96)
1,02,000	4	2.12	4,08,000	3.40	51,408	12,852	12,000	1:1	48,000	(3,408)
1,08,000	2	1.06	2,16,000	1.80	27,216	13,608	12,000	1:1	24,000	(3,216)
1,20,000	4	2.12	4,80,000	4.00	60,480	15,120	12,000	1:1	48,000	(12,480)
1,20,000							6,000	1:2	12,000	12,000
1,26,000	4	2.12	5,04,000	4.20	63,504	15,876	18,000	1:1	72,000	8,496
1,44,000	1	0.53	1,44,000	1.20	18,144	18,144	18,000	1:1	18,000	(144)
1,62,000	1	0.53	1,62,000	1.35	20,412	20,412	18,000	1:1	18,000	(2,412)
1,68,000	6	3.17	10,08,000	8.40	12,7008	21,168	18,000	1:1	1,08,000	(19,008)
1,68,000							6,000	1:2	18,000	18,000
2,10,000	2	1.06	4,20,000	3.50	52,920	26,460	24,000	1:1	48,000	(4,920)
2,10,000							6,000	1:2	6,000	6,000
3,30,000	1	0.53	3,30,000	2.75	41,580	41,580	42,000	1:1	42,000	420
3,84,000	1	0.53	3,84,000	3.20	48,384	48,384	48,000	1:1	48,000	(384)
5,82,000	1	0.53	5,82,000	4.85	73,332	73,332	72,000	1:1	72,000	(1,332)
5,88,000	1	0.53	5,88,000	4.90	74,088	74,088	72,000	1:1	72,000	(2,088)
6,24,000	1	0.53	6,24,000	5.20	78,624	78,624	78,000	1:1	78,000	(624)
8,34,000	1	0.53	8,34,000	6.95	105,084	105,084	108,000	1:1	1,08,000	2,916
10,38,000	1	0.53	10,38,000	8.65	130,788	130,788	132,000	1:1	1,32,000	1,212

The Board of Directors of the Company at its meeting held on July 12,2016 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 are being dispatched to the address of the Applicants as registered with the depositories/ as filled in the application form on or before July 13,2016. Further, the instructions to SCSBs have been issued on July 12,2016 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 fortrading 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 July 14,2016 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.: +91-22-40430200; Fax: +91-22-28475207;
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Babu Raphael; SEBI Registration No.: INR000001385

Date: July 12,2016 Place: Indore, Madhya Pradesh	For Commercial Syn Bags Limited On behalf of the Board of Directors Sd/- Mr. Anil Choudhary Chairman and Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF COMMERCIAL SYN BAGS LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Commercial Syn Bags IPO Basis of Allotment FAQs

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

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

Visit the Commercial Syn Bags IPO allotment status page to check the number of shares allocated to your application.

Commercial Syn Bags IPO Basis of Allotment

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