GG Engineering IPO Basis of Allotment

G G ENGINEERING LIMITED
Corporate Identity Number: U28900MH2006PLC159174

Our Company was originally incorporated as 'G G Engineering Private Limited' in Mumbal, Maharashtra under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated 23rd January, 2006 bearing Registration Number 159174 Issued by the Registrar of Companies, Mumbal, Maharashtra. Our Company was converted in to a Public Limited Company and consequently the name was changed to 'G G Engineering Limited' vide fresh Certificate of Incorporation dated 3rd April, 2017 Issued by the Registrar of Companies, Mumbai, Maharashtra. The Corporate Identification Number of our Company is U28900MH2006PLC159174. For further details of Incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Corporate Structure' beginning on page 36 and page 108 respectively of the Prospectus.

Registered Office: Shop No 15, 1st Floor, Evershine Mall, Chincholi, Malad (West), Mumbal - 400 064, Maharashtra, India.
Tel: +91-22-49241267 | Email: gglimited@ggengg.in | Website: www.ggengg.in | Company Secretary & Compliance Officer: Ms. Apurva Kumari

PROMOTERS OF OUR COMPANY: MR. VINOD H BERIWAL & MR. KAMAL BERIWAL

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 11,16,000 EQUITY SHARES OF RS 10 EACH ('EQUITY SHARES') OF G G ENGINEERING LIMITED ('GG' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 20 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 223.20 LACS ('THE ISSUE'), OF WHICH, 60,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 10,56,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.65% AND 25.21%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 20th June, 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be Initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) Individual applicants other than retail Investors and b) other Investors including corporate bodies / Institutions Irrespective of no. of shares applied for. 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.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') In terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time, Company has received an approval letter dated 2nd June, 2017 from BSE for using Its name In the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.

All Applicants are mandatorily to participate In the Issue through APPLICATION 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 178 applications for 17,04,000 Equity Shares (Including Market Maker Application of 60,000 Equity Shares) resulting 1.527 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

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

Details of the Valid Applications Received (After Technical Rejection & withdrawal):

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 11th July, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of  RS 20 per Equity Share, was finalised In consultation with BSE. The category was subscribed by 1.000 time. The total number of shares allotted in this category is 60,000 Equity shares in full out of reserved portion of 60,000 Equity Shares.

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 20 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.875 times. Total number of shares allotted in this category is 6,48,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs 20 per Equity Share, was finalized In consultation with BSE. The category was subscribed by 1.182 times. Total number of shares allotted in this category is 4,08,000 Equity Shares. The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on 11 th July, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares / dispatch of share certificates to various successful applicants. The allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 13th July, 2017. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to 13th July, 2017. In 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 within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 17th July, 2017 subject to receipt of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at 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 ASBA Bank 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.
Tel: +91 40 6716 2222 | Fax: + 91 40 23431551 | Email: ggengg@karvy.com
Website: www.karisma.karvy.com | SEBI Registration: INR000000221