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October 4, 2022 - October 7, 2022

Electronics Mart India IPO Basis of Allotment

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ELECTRONICS MART INDIA LIMITED

Our Company was originally formed as a sole proprietorship under the name of 'M/s Bajaj Electronics' at Hyderabad in 1980 and it was converted into a partnership firm under the name of W$ Bajaj Electronics' ("Bajaj Electronics") pursuant to partnership deed dated March 25, 2011. and was registered under the Indian Partnership Act, 1932 with the Registrar of Firms. Hyderabad (South) on April 13, 2011. Pursuant to the deed of partnership dated July 31, 2017. constitution of ‘M/s Bajaj Electronics’ was modified to admit new partners and a memorandum acknowledging receipt of documents for change in constitution of partnership was issued by Registrar of Firms, Hyderabad (South), on August 2, 2017. Ms Bajaj Electronics was thereafter converted into a public limited company under the Companies Act, 2013 with the name Electronics Mart India Limited pursuant to certificate of incorporation issued by Central Registration Centre. Registrar of Companies dated September 10, 2018. For details in relation to change in name of our Company, see "History and Certain Corporate Matters’ on page 185 of the prospectus of the Company dated October 10.2022 filed with the Registrar of Companies. Telangana at Hyderabad ("RoC") on October 10.2022 ("Prospectus")

Registered Office: D. No: 6-1-91, Shop No. 10. Ground Floor, Next to Telephone Bhavan, Secretariat Road, Saifabad, Hyderabad - 500 004, Telangana, India; Tel: +9140-2324 2512;
Corporate Office: 6-3-666/A1 to 7.3* and 4* Floors. Opposite NIMS Hospital. Punjagutta Main Road. Hyderabad - 500 082 Telangana. India; Tel: +91 40 2323 0244;
Contact Person: Rajiv Kumar, Company Secretary and Compliance Officer; Tel: +91 40 4875 1125
E-mail: cs@bajajetectronics.in; Website: www.electronicsmartindia.com; Corporate Identity Number: U52605TG2018PLC126593
OUR PROMOTERS: PAVAN KUMAR BAJAJ AND KARAN BAJAJ

Our Company has filed the Prospectus dated October 10, 2022 with the RoC. and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and trading is expected to commence on October 17, 2022.

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFERING OF 84,745,762 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF ELECTRONICS MART INDIA LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 59 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 49 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 5,000 MILLION (THE "ISSUE"). THE ISSUE WOULD CONSTITUTE 22.03% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

ISSUE PRICE: Rs. 59 PER EQUITY SHARE OF FACE VALUE OF Rs. 10 EACH
THE ISSUE PRICE IS 5.9 TIMES OF THE FACE VALUE
Risks to Investors:

•Weighted average cost of acquisition:

Period / Name of person Weighted Average Cost of Acquisition (In Rs.) Cap Price is ‘X’ times the Weighted Average Cost of Acquisition Range of acquisition price: lowest Price- highest Price (in Rs.)
Last three years preceding the date of the Prospectus NIL NIL NIL
Last one year preceding the date of the Prospectus NIL NIL NIL
As certified by Komandoor & Co LLP Chartered Accountants, by way of their certificate dated October 10, 2022.
Average cost of acquisition of Equity Shares held by the Promoters is Rs. 10 per Equity Share and Issue Price at upper end of the Price Band is Rs. 59 per Equity Share.
The three BRLMs associated with the Issue have handled 53 public issues in the past three years, out of which 16 issues closed below the offer price on listing date.
BID/ISSUE PROGRAMME
ANCHOR INVESTOR BIDDING DATE WAS: MONDAY, OCTOBER 3, 2022
BID/ISSUE OPENED ON TUESDAY, OCTOBER 4, 2022
BID/ISSUE CLOSED ON FRIDAY, OCTOBER 7, 2022

This was an Issue in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR"), read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the "SEBI ICDR Regulations") The Issue has been made through the Book Building Process in terms of Regulation 6(1) of the SEBI ICDR Regulations, wherein not more than 50% of the Issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"), and the Company, in consultation with the BRLMs, have allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis, out of which one-third was reserved for domestic Mutual Funds only, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price, in accordance with the SEBI ICDR Regulations. Further. 5% of the Net QIB Portion was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not less than 15% of the Issue was made available for allocation on a proportionate basis to Non- Institutional Bidders ("Non- Institutional Portion") of which one-third of the Non- Institutional Portion was made available for allocation to Non-Institutional Bidders with an application size between Rs. 200,000 to Rs. 1.000,000 and two- thirds of the Non- Institutional Portion was made available for allocation to Bidders with an application size of more than thirds of the Non- Institutional Portion was made available for allocation to Bidders with an application size of more than 7 1,000,000 and under-subscription in either of these two sub-categories of Non- Institutional Portion was allocated to Non- Institutional Bidders in the other sub-category of Non- Institutional Portion, and not less than 35% of the Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. All Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective bank account (including DPI ID for UPI Bidders using UPI Mechanism), in which the corresponding Bid Amounts were blocked by the SCSBs or the Sponsor Banks, as applicable. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see "Issue Procedure' on page 344 of the Prospectus.

The Offer received 2,059,449 applications for 4,512,425,570 Equity Shares resulting in 76.07 times subscription. The details of the applications received in the issue from Retail Individual Investors, Non-Institutional Investors and QIBs are as under (before technical rejections):

SI. no. Category No of Applications received No. of Equity Shares applied Shares Reserved as per Prospectus No. of times Subscribed Amount (Rs.)
A Retail Individual Bidders 1,960,804 629,676,414 29,661,017 21.23 37,146,881,256
B Non-lnstitutional Bidders - More than 2 Lakhs Upto 10 Lakhs 71,314 268,606,778 4,237,288 63.39 15,843,619,824
C Non-lnstitutional Bidders - Above 10 Lakhs 27,197 595,283,544 8,474,577 70.24 35,121,674,232
D Qualified Institutional Bidders (excluding Anchor Investors) 134 3,018,858.834 16,949,152 178.11 178,112.671,206
Total 2,059,449 4,512,425,570 59,322,034 76.07 266,224,846,518

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/lssue Closing Date at different Bid prices is as under:

SI no Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % of Total
1 56 3,521,964 0.08 3,521,964 6.08
2 57 2,376,932 0.05 5,898,896 0.13
3 58 2,822,194 0 06 8,721,090 0.19
4 59 4,003,831,718 85.54 4,012,552,808 85.72
18 CUTOFF 668,262,824 14.28 4.680.815.632 100.00
TOTAL 4,680,815,632 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on October 12, 2022.

A. Allotment to Retail Individual Bidders (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Retail Individual Investors, who have bid at cut-off or at the Issue Price of Rs. 59 per Equity, was finalized in consultation with the Designated Stock exchange, being NSE. This category has been subscribed to the extent of 20.33 times. The total number of Equity Shares Allotted in Retail Individual Bidders category is 29,661,017 Equity Shares to 116,775 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of Applications Received % of Total Total No. of Equity Shares applied % of Total No. of Equity Shares Allotted per Bidder Ratio Total No. of Equity Shares allotted
254 1,725,307 91.81 438,227,978 72.67 254 109:1754 27.233.118
508 78,827 4.19 40,044,116 6.64 254 11:177 1.244,346
762 22,020 1.17 16,779,240 2.78 254 11:177 347,472
1016 12,118 0.64 12,311.888 2.04 254 11:177 191,262
1270 8,358 0.44 10,614,660 1.76 254 11:177 131,826
1524 4,395 0.23 6,697,980 1.11 254 11:177 69,342
1778 4,598 0.24 8,175,244 1.36 254 11:177 72,644
2032 2,099 0.11 4,265,168 0.71 254 11:177 33,020
2286 1,104 0.06 2,523,744 0.42 254 11:177 17,526
2540 3,995 0.21 10,147,300 1.68 254 11:177 62,992
2794 697 0.04 1,947,418 0.32 254 11:177 10,922
3048 899 0.05 2,740,152 0.45 254 11:177 14,224
3302 14,699 0.78 48,536,098 8.05 254 11:177 232,156
1 167:9558 167
TOTAL 1,879,116 100.00 603,010,986 100.00 29,661,017

Please Note: 1 additional Share shall be allotted to 167 Allottees from amongst 9558 Successful Applicants from the categories 508-3302 (i.e., excluding successful applicants from Category 254) in the ratio of 167:9558

B. Allotment to Non-Institutional Bidders (After Technical Rejections) (including ASBA Applications)

The Basis of Allotment to the Non-Institutional Bidders (More than 2 Lacs to 10 Lacs), who have bid at the Issue Price of Rs. 59 per Equity Share or above, was finalized in consultation with the Designated stock exchange being NSE. The Non- Institutional Portion (More than 2 Lacs to 10 Lacs) has been subscribed to the extent of 61.83 times. The total number of Equity Shares Allotted in this category is 4,237,288 Equity Shares to 1,191 successful Non- Institutional Bidder. The category-wise details of the Basis of Allotment are as under. (Sample)

Category No. of Applications Received % of  Total Total No. of Equity Shares applied % to Total No. of Equity Shares Allotted per Applicant Ratio Total No. of Equity Shares Allotted
3556 65180 93.64 231,780,080 88.47 3556 9:526 3,968,496
3810 1305 1.87 4,972,050 1.90 3556 22:1305 78.232
4064 361 0.52 1,467,104 0.56 3556 6:361 21,336
4318 165 0.24 712,470 0.27 3556 1:55 10,668
4572 129 0.19 589,788 0.23 3556 2:129 7,112
4826 47 0.07 226,822 0.09 3556 1:47 3,556
5080 409 0.59 2.077,720 0.79 3556 7:409 24.892
5334 99 0.14 528,066 0.20 3556 2:99 7,112
8128 23 0.03 186,944 0.07 3556 1:23 3,556
8382 235 0.34 1,969,770 0.75 3556 4:235 14.224
8636 112 0.16 967,232 0.37 3556 1:56 7,112
8890 58 0.08 515,620 0.20 3556 1 58 3,556
9144 20 0.03 182,880 0.07 3556 1:20 3.556
15494 8 0.01 123,952 0.05 3556 0:8 0
15748 6 0.01 94,488 0.04 3556 0:6 0
16002 13 0.02 208,026 0.08 3556 0:13 0
16256 12 0.02 195,072 0.07 3556 0:12 0
16510 31 0.04 511,810 0.20 3556 1:31 3,556
16764 298 0.43 4,995,672 1.91 3556 5:298 17,780
27 1:1 2,025
1 67:75 67
TOTAL 69,606 100 261,994,904 100 4,237,288

Please Note: 27 additional Share shall be allotted to 75 Successful Allottees from the categories 3810 • 16764 (i.e.excluding successful applicants from Category 3556) in the ratio of 1:1.

Please Note: 1 additional Share shall be allotted to 67 Allottees from amongst 75 Successful Allottees from the 3810 * 16764 (i.e.excluding successful applicants from Category 3556) in the ratio of 67:75

C. Allotment to Non-Institutional Bidders (Above 10 Lacs) (after technical rejections)

The Basis of Allotment to the Non-Institutional Bidders (Above 10 Lacs), who have bid at the Issue Price of Rs. 59 per Equity Share or above, was finalized in consultation with NSE. The Non-Institutional Portion (Above 10 Lacs) has been subscribed to the extent of 69.48 times. The total number of Equity Shares Allotted in this category is 8.474,577 Equity Shares to 2.383 successful Non- Institutional Bidder. The category-wise details of the Basis of Allotment are as under: (Sample)

Category No. of Applications Received % of Total Total No. of Equity Shares applied % to Total No. of Equity Shares Allotted per Applicant Ratio Total No. of Equity Shares Allotted
17018 24.311 90.47 413,724,598 70.26 3556 47:530 7,666,736
17272 392 1.46 6,770,624 1.15 3556 5:56 124,460
17526 188 0.70 3.294,888 0.56 3556 17:188 60,452
17780 350 1.30 6,223,000 1.06 3556 31:350 110,236
18034 97 0.36 1,749,298 0.30 3556 9:97 32,004
18288 93 0.35 1,700.784 0.29 3556 8:93 28,448
18542 61 0.23 1,131,062 0.19 3556 6:61 21,336
18796 18 0.07 338,328 0.06 3556 1:9 7,112
19050 59 0.22 1.123.950 0.19 3556 5:59 17,780
19304 33 0.12 637,032 0.11 3556 1:11 10,668
19558 6 0.02 117,348 0.02 3556 1:6 3,556
19812 23 0.09 455.676 0.08 3556 2:23 7,112
20066 37 0.14 742,442 0.13 3556 4:37 14,224
20320 70 0.26 1,422,400 0.24 3556 3:35 21,336
48514 1 0.00 48,514 0.01 3556 0:1 -
49276 1 0.00 49,276 0.01 3556 0:1 -
49530 1 0.00 49,530 0.01 3556 0:1 -
49784 1 0.00 49,784 0.01 3556 0:1 .
50292 1 0.00 50,292 0.01 3556 0:1
50800 44 0.16 2,235,200 0.38 3556 1:11 14.224
51054 13 0.05 663,702 0.11 3556 1:13 3,556
51308 1 0.00 51,308 0.01 3556 0:1
51816 1 0.00 51,816 0.01 3556 0:1
52070 2 0.01 104,140 0.02 3556 0:2
52578 1 0.00 52,578 0.01 3556 0:1
53340 2 0.01 106,680 0.02 3556 0:2
53848 1 0.00 53,848 0.01 3556 0:1
54356 2 0.01 108,712 0.02 3556 0:2
49022 3 0.01 147,066 0.02 3556 0:3
52324 3 0.01 156,972 0.03 3556 0:3
54102 3 0.01 162,306 0.03 3556 0:3
55880 3 0.01 167,640 0.03 3556 0:3
63500 3 0.01 190,500 0.03 3556 0:3
64770 3 0.01 194,310 0.03 3556 0:3
66040 3 0.01 198,120 0.03 3556 0:3
67564 3 0.01 202,692 0.03 3556 0:3
67818 3 0.01 203,454 0.03 3556 0:3
68580 3 0.01 205,740 0.03 3556 0:3
86614 3 0.01 259,842 0.04 3556 0:3
152400 3 0.01 457,200 0.08 3556 0:3
180594 3 0.01 541,782 0.09 3556 0:3
254254 3 0.01 762,762 0.13 3556 0:3
266700 3 0.01 800,100 0.14 3556 0:3
508000 3 0.01 1,524,000 0.26 3556 0:3
508254 3 0.01 1,524,762 0.26 3556 0:3
3556 1:15 21,336
1 629:2383 629
TOTAL 26,872 100 588,821,784 100 8,474,577

Please Note: 1 (One) lot of 3556 shares have been allotted to All the Applicants from Serial No. 313 to 342 in the ratio of 1:15 (All these categories have been moved at the end for easy reference)

Please Note : 1 additional Share has be allotted to 629 Allottees from amongst 2383 Successful Allottees from all the

categories (Serial No. 1 to 342) in the ratio of 629:2383

D. Allotment to QIBs (excluding Anchor investors) (After Technical Rejections)

Allotment to QIBs (excluding Anchor investors), who have bid at the Issue Price of Rs. 59 per Equity Share or above, has been done on a proportionate basis in consultation with the Designated stock exchange, being NSE. This category has been subscribed to the extent of 178.11 times of Net QIB Portion. As per the SEBI (ICDR) Regulation, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e.. 847,458 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e., 16,101,694 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the QIB category is 16,949,152 Equity Shares, which were allotted to 134 successful Applicants.

Category AIF 1C FI Flls/FPIs MFs OTHs Total
QIB - 649.080 7.015,512 3.594,994 1.868.280 3,821,286 16,949,152
E. Allotment to Anchor Investors (After Technical Rejections)

The Company in consultation with the BRLMs, has allocated 25,423,728 Equity Shares to 15 Anchor Investors (through 20 Anchor Applications) at the Anchor Investor Issue Price of Rs. 59 per Equity Share in accordance with the SEBI ICDR Regulations. This represents 60% of the QIB Portion.

Category MFs ICs AIFs FPI/Flls NBFC Total
Anchor 15,253,716 2,542,511 847,569 5,932,363 847,569 25,423,728

The IPO committee of our Company at its meeting held on October 12, 2022 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation has been dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Issue Account on October 13, 2022 and the payments to non-syndicate brokers have been issued on October 13, 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 allotted to the successful allottees were uploaded and credited into their respective beneficiary accounts on October 13, 2022. The Company has received the listing and trading approval from NSE and BSE. and trading is expected to commence on or about October 17, 2022.

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

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Issue. KFin Technologies Limited at www.kfintech.com.

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/ sole applicant, serial number of the ASB A form. number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

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KFin Technologies Limited
(Formerly known as KFin Technologies Private Limited)
Selenium Tower-B. Plot 31 & 32. Gachibowli. Financial District. Nanakramguda, Serilingampally.
Hyderabad - 500 032 Telangana. India; Tel: +91 40 6716 2222; E-mail: email.ipo@kfmtech.com
Investor Grievance E-mail: einward.ris@kfintech.com; Website: www.kfintech.com; Contact person: M Murali Krishna
SEBI Registration No.: INR000000221
For ELECTRONICS MART INDIA LIMITED
On behalf of the Board of Directors
Place: Hyderabad Sd/-
Date: October 14, 2022 Company Secretary & Compliance Officer

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 ELECTRONICS MART INDIA LIMITED.

ELECTRONICS MART INDIA LIMITED has filed the Prospectus dated October 10, 2022 with the RoC and thereafter with Secunties and Exchange Board of India ("SEBI") and the NSE and BSE. The Prospectus is available on the -website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers. Anand Rathi Advisors Limited. IIFL Securities Limited and JM Financial Limited at wwv.rathi.com, www.iiftcap.com and www.jmfl.com. Respectively, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at wvw.bseindia.com, respectively. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see "Risk Factors' on page 27 of the Prospectus.

This announcement does not constitute an offer of securities for sale in any jurisdiction, including the United States, and any securities described in this announcement may not be offered or sold in the United States absent registration under the U S. Securities Act or an exemption from such registration. Any public offering of securities to be made in the United States will be made by means of a prospectus that may be obtained from the issuer or the selling security holder and that will contain detailed information about the Company and management as well as financial statements. No offering or sale of securities in the United States is contemplated.



Electronics Mart India IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Electronics Mart India IPO .

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

Visit the Electronics Mart India IPO allotment status page to check the number of shares allocated to your application.

In Electronics Mart India IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Electronics Mart India IPO basis of allotment document to know how the shares are allocated in Electronics Mart India IPO.