Gautam Gems IPO Basis of Allotment

GAUTAM GEMS LIMITED

CIN: U36911GJ2014PLC078802

Our Company was originally incorporated as "Gautam Gems Private Limited* on February 18. 2014 under the Companies Act. 1956 vide certificate of incorporation issued by the Registrar of Companies. Gujarat. Dadra and Nagar Havelli. Subsequently, Our Company was converted In to a public company and consequently name was changed to "Gautam Gems Limited" (GGL) vide fresh certificate of incorporation dated August 16, 2017 issued by Registrar of Companies, Gujarat. Dadra and Nagar Havelli. For details of the changes in our name and registered office, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page 92 of this Prospectus.

Registered Office: 3rd Floor. Office - 301. Sumukh. Super Compound, Vasta Devadi Road. Surat 395004. Gujarat, India;
Tel. No.: +91 261 2538046; Email: comptianceggl@gmail.com; Website: www.gautamgems.com;
Company Secrelary & Compliance Officer: Ms. Priti Jain

PROMOTER OF THE COMPANY: MR. GAUTAM P SHETH & MRS. NIDHI G SHETH

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 21,00,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH ("EQUITY SHARES') OF GAUTAM GEMS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE RS. 36/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 26/- PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS.756.00 LAKHS (THE ISSUE"). OF WHICH 1,05,000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR A CASH PRICE OF RS.36/- PER EQUITY SHARE, AGGREGATING TO RS. 37.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER (MARKET MAKER RESERVATION PORTION") THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 19.95.000 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH AT AN ISSUE PRICE OF RS.36 PER EQUITY SHARE AGGREGATING TO RS 718.20 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 38.24% AND 36.33%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS. PLEASE REFER TO SECTION TITLED TERMS OF THE ISSUE" BEGINNING ON PAGE 155 OF THIS PROSPECTUS.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS. 2009(THE "SEBIICDR REGULATIONS"), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH AND
THE ISSUE PRICE OF RS.36.00 IS 3.6 TIMES OF THE FACE VALUE

PROPOSED LISTING: FEBRUARY 07, 2018
The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE"). In terms of the Chapter X-B of the SEBI (ICDR) Regulations. 2009. as amended from time to time, our Company has received an approval letter dated January 09.2018 from BSE Limited (the 'BSE') for using its name in the offer document for listing of our shares on the SME Platform of BSE. For the purpose of the Issue, the designated Stock Exchange will be SME Platform of the BSE.
All Applicants were allowed to participate in the issue through APPUCATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The issue has received 3.153 applications for 9.723.000 Equity Shares resulting m 4.6300 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection):

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

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on February 02.2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.36 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,05.000 Equity shares.
The category wise details of the Basis of Allotment are as under:

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 36 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 4.782542 times i.e. for 9,369,000 Equity Shares Total number of shares allotted in this category is 1,959,000 Equity Shares to 653 successful applicants.
The category wise details of the Basis of Allotment are as under:

C Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual investors, at the issue price of Rs.36 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 0 186466 times i.e. for 186.000 shares The total number of shares allotted in this category is 36,000 Equity Shares to 4 successful applicants.
The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on February 03,2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE and at a meeting held on February 02,2018 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before February 05, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or before February 05.2018.ln case the same is not received within 10 days, investors may contact at the address given below. 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. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited wrthin six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 17, 2018 ("Prospectus').
INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the issuer, Karvy Computershare Private Limited) at
www.karisma.karvy.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, 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, Gachibowii. Finacial District, Nanakramguda,
Hyderabad - 500032. Telangana India
Tel No.:+ 91-40-6716 2222 Fax No.: + 91 -40-23431551
E-mail: einward.ris@karvy.com Website: www.karisma.karvy.com
Investor Grievance Email: kenvijewels.ipo@karvy.com
SEBI Registration No.: INR000000221
Contacl Person: Mr. M Murali Krishna