Cool Caps IPO Basis of Allotment

COOL CAPS INDUSTRIES LIMITED

Our company was originally incorporated on November 20, 2015 as a Private Limited Company under the name and style of Cool Caps Industries Private Limited under the provisions of the Companies Act, 2013 with the Registrar of Companies, Kolkata, West Bengal. Subsequently, our company was converted into Public Limited Company vide special resolution passed by our shareholders at the Extraordinary General Meeting held on March 05, 2021 and the name of the company was changed to Cool Caps Industries Limited pursuant to issuance of Fresh Certificate of Incorporation dated April 12, 2021 by Registrar of Companies, Kolkata, West Bengal. The Corporate Identification Number of our company is U27101WB2015PTC208523. For details of Incorporation, change in the Name and Registered Office of our Company, please refer to section titled "General Information" and "Our History and Certain other Corporate Matters" beginning on pages 68 and 175 of the Prospectus.

INITIAL PUBLIC ISSUE OF UPTO 30,60,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH ("EQUITY SHARES") OF COOL CAPS INDUSTRIES LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF Rs. 38/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 28/- PER EQUITY SHARE), AGGREGATING Rs. 1,162.80 LAKHS ("THE ISSUE"), OF WHICH 1,56,000 EQUITY SHARES OF FACE VALUE Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 38/- PER EQUITY SHARE, AGGREGATING Rs. 59.28 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., NET ISSUE OF 29,04,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs. 38/- PER EQUITY SHARE, AGGREGATING Rs. 1,103.52 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.12% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

The Issue is being made through the Book Building Process, in terms of Rule 19(2)(b)(l) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 253 of the SEBIICDR Regulations, as amended, wherein there was no equity shares reserved for allocation to Qualified Institutional Buyers ("QIBs", the "QIB Portion"). However, QIBs can apply in the Non - Institutional Category. Further, not more than 50.00% of the Net Issue was made available for allocation on a proportionate basis to Non- Institutional Bidders and not less than 50.00% of the Nel Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Issue Price. All potential bidders were required to mandatorily utilise the Applications Supported by Blocked Amount ("ASBA") process by providing the details of their respective bank accounts (including UPI ID for RIBs using UPI mechanism), in which the corresponding Bid Amounts were blocked by SCSBs or Sponsor Bank, as applicable. For details, please refer chaptertitled "Issue Procedure" beginning on page 413 of the Prospectus.

The Issue has received 6,131 applications for 2,44,53,000 Equity shares (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate / Multiple bids) including Market Maker Application of 1,56,000 Equity Shares. The Issue was subscribed to the extent of 7.50 times as per the application data (Before Technical Rejections, Multiple Rejections, bids not banked and after removing invalid duplicate/ Multiple bids). After considering the technical rejections cases, the issue was subscribed 5.87 times.

The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid multiple / duplicate bids).

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

Final Demand

A summary of final demand as per National Stock Exchange of India Limited as on the Bid/lssue closing date at different Bid Prices is as under:

Basis of Allotment was finalised in consultation with the Designated Stock Exchange, being National Stock Exchange of India Limited on March 21,2022.

1. Allocation to Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Retail Individual Investors, who have Bid at cut-off price or at or above the Issue Price of Rs. 38/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The Category was subscribed to the extent of 8.26 times. The Total number of Equity Shares allotted in this category is 14,52,000 Equity Shares to 484 successful applicants. The category-wise details of the Basis of Allotment are as under:

2. Allocation to Non-Institutional Investors (After Technical Rejections):

The Basis of Allotment to Non-Institutional Investors, who have Bid at the Issue Price of Rs. 38/- per Equity Share or above, was finalized in consultation with National Stock Exchange of India Limited. The Category has been subscribed to the extent of 4.0 times. The Total number of Equity Shares allotted in this category is 14,52,000 Equity Shares to 170 successful applicants. The category-wise details of the Basis of Allotment are as under:

3. Allocation to Market Maker (After Technical Rejection):

Allotment to Market Maker, who have Bid at the Issue Price of Rs. 38/- per Equity Share or above, was finalized in consultation with National Stock Exchange of India Limited. The Category has been subscribed to the extent of 1.0 time of Market Maker portion. The Total number of Equity Shares allotted in this category is 1,56,000 Equity Shares to 1 successful applicant.

The Board of Directors of the Company at its meeting held on March 21,2022 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 allotted the Equity Shares to various successful applicants. The Allotment Advice cum refund intimation will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been dispatched/ mailed for unblocking of funds and transfer to the public issue account on or before March 22, 2022. In case the same is not received within ten days, Investors may contact the Registrar to the issue at the address given below. The Equity Shares allocated to successful allottees shall be uploaded on or before March 22, 2022 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from National Stock Exchange of India Limited and trading of the Equity Shares is expected to commence on March 24, 2022.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated March 17, 2022 ("Prospectus") filed with the Registrar of Companies, Kolkata ("RoC").

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Link Intime India Private Limited at website: 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 Bidder Serial number of the ASBA Form, number of Equity Shares bid for, Bidder DP ID, Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the acknowledgement slip received from the Designated Intermediary and payment details at the address given below:

	LINK INTIME INDIA PRIVATE LIMITED
	C-101, 1st Floor, 247 Park, Lai Bahadur Shastri Marg, Vikhroli (West), Mumbai 400083 Maharashtra, India
	Tel No.: +91 022-49186200; Fax No.: +91 022-49186195;
	Email: coolcaps.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Mrs. Shanti Gopalkrishnan
	SEBI Registration No.: INR000004058 Investor Grievance E-mail: coolcaps.ipo@linkintime.co.in

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF COOL CAPS INDUSTRIES LIMITED.

Disclaimer: Cool Caps Industries Limited has tiled the Prospectus with Roc on March 17,2022 and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of SEBI at www.sebi.gov.in and on the websites of BRLMs, Holani Consultants Private Limited at www.holaniconsultants.co.in. The investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, referto the Section titled "Risk Factors" on page 36 of the Prospectus.

The Equity Shares have not been and will not be registered under the United States Securities Act of 1933, as amended ("U.S. Securities Act"), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are being offered and sold outside the United States in offshore transactions in reliance on Regulations under the U.S. Securities Act and applicable laws of the jurisdictions where such offers and sales occur. There will be no public offering in the United States.