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March 21, 2017 - March 24, 2017

Euro India Fresh Foods IPO Basis of Allotment

EURO INDIA FRESH FOODS LIMITED

Our Company was originally incorporated as 'Euro India Fresh Foods Private Limited' at Surat, Gujarat as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated August 13, 2009 bearing Corporate Identification Number U15400GJ2009PTC057789 issued by Registrar of Companies, Gujarat. Subsequently, our Company was converted into Public Company pursuant to Shareholders resolution passed at the Extraordinary General Meeting of our Company held August 19,2016 and the name of our Company was changed to 'Euro India Fresh Foods Limited' and a fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated September 07, 2016 was issued by the Registrar of Companies, Ahmedabad. The Corporate Identification Number (CIN) of our Company is U15400GJ2009PLC057789. 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 67 and 177 respectively of the Prospectus

Registered Office: Plot No. A 22/1 G.I.D.C. Ichhapore, Surat- 394510, Gujarat, India
Tel No.: +91 261 291 3041; Fax No.: N.A; E-mail: investor@euroindiafoods.com; Website: www.euroindiafoods.com
Corporate Identification Number: U15400GJ2009PLC057789; Contact Person: Nikki Shah, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MANHARBHAI SANSPARA, DINESH SANSPARA AND MAHESHKUMAR MAVANI

BASIS OF ALLOTMENT

PUBLIC OFFER OF 65,71,200 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF EURO INDIA FRESH FOODS LIMITED (THE 'COMPANY') FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 68 PER EQUITY SHARE (THE 'OFFER PRICE'), AGGREGATING RS. 5,125.54 LAKHS ('THE OFFER') CONSISTING OF A FRESH OFFER OF 48,00,000 EQUITY SHARES AGGREGATING UP TO Rs. 3744.00 LAKHS AND AN OFFER FOR SALE OF 17,71,200 EQUITY SHARES BY THE PROMOTER SELLING SHAREHOLDERS (THE OFFER FOR SALE AND THE FRESH OFFER ARE COLLECTIVELY REFERRED TO AS THE 'OFFER'), OF WHICH 3,36,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE, AGGREGATING RS. 262.08 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. NET OFFER OF 62,35,200 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 78 PER EQUITY SHARE, AGGREGATING RS. 4,863.46 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.50% AND 25.14% RESPECTIVELY OF THE FULLY DILUTED POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated March 14,2017 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein:

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 'Offer Procedure' on page 308 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH
AND THE ISSUE PRICE OF RS. 78.00 IS 7.8 TIMES THE FACE VALUE OF THE EQUITY
SHARES. ISSUE OPENED ON TUESDAY, MARCH 21,2017 AND CLOSED ON FRIDAY, MARCH 24, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE Platfonm of National Stock Exchange of India Limited ('NSE EMERGE') in terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. Our Company has received an approval letter dated March 14, 2017 from National Stock Exchange of India Limited for using its name in the Prospectus for listing of our Shares on EMERGE Platform of the National Stock Exchange of India Limited. For the purpose of the Issue, EMERGE Platform of National Stock Exchange of India Limited shall be designated stock exchange.

SUBSCRIPTION DETAILS

The Issue has received 348 applications for 71,82,400 Equity shares (Before Technical Rejections but after invalid bids and bids not banked/blocked) (including Market Maker Application of 3,36,000 Equity Shares) resulting 1.093 times subscription. After considering, a Technical Rejection case, the issue was subscribed 1.090 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 3,36,000 1.00
Other than Retail Individual Investor's 148 65,28,000 2.09
Retail Individual Investor's 199 3,18,400 0.10
TOTAL 348 71,82,400 1.093

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 Investor's 2 11,200
Retail Individual Investor's 4 6,400
TOTAL 6 17,600

Detail of the Applications Received (After Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Maker 1 3,36,000 1.00
Other than Retail Individual Investor's 146 65,16,800 1.10*
Retail Individual Investors 195 3,12,000 0.10*
TOTAL 342 71,64,800 1.0903

#Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 31,18,400

*Based on actual number of shares available for allotment as mentioned in Prospectus i.e. 31,16,800 and including unsubscribed portion of 28,06,400 equity shares spilled from retail individual category

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -National Stock Exchange of India Limited on March 29, 2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 78/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,36,000 Equity shares in full out of reserved portion of 3,36,000 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. 78/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.09 times. Total number of shares allotted in this category are 3,12,000 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)
1,600 195 100 3,12,000 100 31,18,400 1,600 1,600 1:1 3,12,000 28,06,400

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 78/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 2.09 times. Total number of shares allotted in this category is 59,23,000 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
Surpius/ (Deficit)
3,200 14 9.59 44,800 0.69 40,719 2,908.50 3,200.00 1:1 44,800 (4,081.00)
4,800 4 2.74 19,200 0.29 17,451 4,362.75 4,800.00 1:1 19,200 (1,749.00)
6,400 11 7.53 70,400 1.08 63,987 5,817.00 6,400.00 1:1 70,400 (6,413.00)
8,000 3 2.05 24,000 0.37 21,814 7,271.33 8,000.00 1:1 24,000 (2,186.00)
9,600 1 0.68 9,600 0.15 8,726 8,726.00 8,000.00 1:1 8,000 726.00
12,800 26 17.81 3,32,800 5.11 3,02,486 11,634.08 11,200.00 1:1 2,91,200 11286.00
14,400 1 0.68 14,400 0.22 13,088 13,088.00 12,800.00 1:1 12,800 288.00
16,000 4 2.74 64,000 0.98 58,170 14,542.50 14,400.00 1:1 57,600 570.00
19,200 2 1.37 38,400 0.59 34,902 17,451.00 17,600.00 1:1 35,200 (298.00)
20,800 2 1.37 41,600 0.64 37,811 18,905.50 19,200.00 1:1 38,400 (589.00)
22,400 1 0.68 22,400 0.34 20,360 20,360.00 20,800.00 1:1 20,800 (440.00)
24,000 6 4.11 1,44,000 2.21 1,30,883 21,813.83 22,400.00 1:1 1,34,400 (3,517.00)
25,600 2 1.37 51,200 0.79 46,536 23,268.00 24,000.00 1:1 48,000 (1,464.00)
27,200 3 2.05 81,600 1.25 74,167 24,722.33 24,000.00 1:1 72,000 2,167.00
28,800 6 4.11 1,72,800 2.65 1,57,060 26,176.67 25,600.00 1:1 1,53,600 3,460.00
32,000 21 14.38 6,72,000 10.31 6,10,789 29,085.19 28,800.00 1:1 6,04,800 5,989.00
33,600 1 0.68 33,600 0.52 30,540 30,540.00 30,400.00 1:1 30,400 140.00
35,200 2 1.37 70,400 1.08 63,988 31,994.00 32,000.00 1:1 64,000 (12.00)
38,400 1 0.68 38,400 0.59 34,902 34,902.00 35,200.00 1:1 35,200 (298.00)
40,000 3 2.05 1,20,000 1.84 1,09,070 36,356.67 36,800.00 1:1 1,10,400 (1,330.00)
43,200 2 1.37 86,400 1.33 78,530 39,265.00 40,000.00 1:1 80,000 (1,470.00)
44,800 1 0.68 44,800 0.69 40,719 40,719.00 40,000.00 1:1 40,000 719.00
48,000 2 1.37 96,000 1.47 87,256 43,628.00 43,200.00 1:1 86,400 856.00
51,200 1 0.68 51,200 0.79 46,536 46,536.00 46,400.00 1:1 46,400 136.00
52,800 1 0.68 52,800 0.81 47,991 47,991.00 48,000.00 1:1 48,000 (9.00)
54,400 2 1.37 1,08,800 1.67 98,890 49,445.00 49,600.00 1:1 99,200 (310.00)
57,600 2 1.37 1,15,200 1.77 1,04,707 52,353.50 52,800.00 1:1 1,05,600 (893.00)
64,000 1 0.68 64,000 0.98 58,170 58,170.00 57,600.00 1:1 57,600 570.00
67,200 1 0.68 67,200 1.03 61,079 61,079.00 60,800.00 1:1 60,800 279.00
81,600 2 1.37 1,63,200 2.50 1,48,335 74,167.50 73,600.00 1:1 1,47,200 1,135.00
96,000 3 2.05 2,88,000 4.42 2,61,767 87,255.67 88,000.00 1:1 2,64,000 (2,233.00)
1,00,800 1 0.68 1,00,800 1.55 91,618 91,618.00 91,200.00 1:1 91,200 418.00
1,28,000 4 2.74 5,12,000 7.86 4,65,363 1,16,340.75 1,16,800.00 1:1 4,67,200 (1,837.00)
1,55,200 1 0.68 1,55,200 2.38 1,41,063 1,41,063.00 1,40,800.00 1:1 1,40,800 263.00
2,56,000 2 1.37 5,12,000 7.86 4,65,363 2,32,681.50 2,32,000.00 1:1 4,64,000 1,363.00
3,20,000 5 3.42 16,00,000 24.55 14,54,260 2,90,852.00 2,91,200.00 1:1 14,56,000 (1,740.00)
4,33,600 1 0.68 4,33,600 6.65 3,94,104 3,94,104.00 3,93,600.00 1:1 3,93,600 504.00

The Board of Directors of the Company at its meeting held on March 29, 2017 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 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 30,2017. Further, the instructions to SCSBs shall be issued on March 29,2017 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 registrarto the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of National Stock Exchange of India Limited within six working days from the date of the closure of the Issue.

The trading is proposed to commence on or before March 31,2017 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.karisma.karvy.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:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31 -32, Gachibowli, Financial District, Nanakramguda, Hyderabad - 500 032 India.
Toll Free No.: 18003454001; Tel.: +91 40 6716 2222; Fax: +91 40 23431551
Email: einward.ris@karvy.com; Website: www.karisma.karvy.com
Contact Person: M. Murali Krishna; SEBI Registration No.: INR000000221

Date: March 30,2017
Place: Surat
For EURO INDIA FRESH FOODS LIMITED
On behalf of the Board of Directors
Sd/-
Manharbhai Sanspara
Chairman and Managing Director

Euro India Fresh Foods IPO Basis of Allotment FAQs

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

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

Visit the Euro India Fresh Foods IPO allotment status page to check the number of shares allocated to your application.

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