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March 30, 2022 - April 5, 2022

Hariom Pipe Industries IPO Basis of Allotment

HARIOM PIPE INDUSTRIES LIMITED

Our Company was incorporated as Hari Om Concast And Steels Private Limited on June 21, 2007 under the Companies Act, 1956 with the Registrar of Companies, Hyderabad bearing Registration No. 054564. The name of our Company was changed to Hariom Pipe Industries Private Limited vide Special Resolution dated December 12, 2017. A Certificate of Incorporation consequent to name change was issued on December 27, 2017 by Registrar of Companies, Hyderabad. Subsequently, our Company was converted into to a public limited company and the name of our Company was changed to Hariom Pipe Industries Limited by a special resolution passed on January 08, 2018. A fresh Certificate of Incorporation consequent upon conversion was issued on January 17, 2018 by the Registrar of Companies, Hyderabad. For further details of our Company, see "General Information" and "History and Certain Other Corporate Matters" beginning on pages 55 and 149, respectively of the Prospectus dated April 7, 2022 ('Prospectus').

Registered Office: Plot 3-4-174/12/2, 1st Floor, Samarpan Lane, Besides Spencer's, Pillar No. 125, Attapur, Hyderabad - 500 048, Telangana, India. Corporate Office: Plot 3-4-174/12/2, 2nd Floor, Samarpan Lane, Besides Spencer's, Pillar No. 125, Attapur, Hyderabad - 500 048, Telangana. India.

Tel: +91 40 2401 6101; Website: www.hariompipes.com, E-mail: cs@hariompipes.com; CIN: U27100TG2007PLC054564; Contact Person: Mr. Ctwag Pariani, Company Secretary and Compliance Officer

PROMOTERS: RUPESH KUMAR GUPTA AND SAILESH GUPTA

Our Company has filed the Prospectus dated April 7, 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 or about April 13, 2022.

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF UP TO 85,00.000 EQUITY SHARES OF FACE VALUE OF Rs. 10.00 EACH OF HARIOM PIPE INDUSTRIES LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 153 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. 143 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING UP TO Rs. 13,005 LAKHS ("THE ISSUE"). THE ISSUE WILL CONSTITUTE 33.36% OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

ISSUE PRICE: Rs.153 PER EQUITY SHARE OF FACE VALUE OF Rs.10 EACH
THE ISSUE PRICE IS 15.3 TIMES OF THE FACE VALUE
Risks to Investors:
Majority of the sales of the Company are concentrated in the three (3) southern states of Karnataka, Telangana and Tamilnadu
Average Cost of acquisition of Equity Shares for the Promoters namely Mr. Rupesh Kumar Gupta and Mr. Sailesh Gupta is Rs. 7.53 and Rs. 11.72 respectively.
Details of Acquisition of all Equity Shares transacted in last three years and one year:
Period Weighted Average Cost of Acquisition (in Rs.) Upper end of the Price band (Rs. 153) is ‘X' times the Weighted Average Cost of Acquisition Range of acquisition price: Lowest Price- Highest Price (in Rs.)
Last 1 year 10.29 14.88 0.00 - 36.00
Last 3 years 31.13 4.91 0.00 - 36.00
Weighted Average Return on Net Worth for Fiscals 2021, 2020, 2019 is 19.85%.
The BRLM associated with the Issue has handled 2 public issues in the past three years out of which 1 issue closed below the issue price on listing date.
BID/ISSUE PROGRAMME
BID/ ISSUE OPENED ON WEDNESDAY, MARCH 30, 2022
BID / ISSUE CLOSED ON TUESDAY, APRIL 5, 2022

The Issue has been made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR") read with Regulation 31 of the SEBIICDR Regulations and in compliance with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 30% of the Issue was available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Portion"). Further, 5% of the QIB Portion was available for allocation on a proportionate bass to Mutual Funds only and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders including Mutual Funds, subject to valid Bids having been received at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than 5% of the QIB Portion, the balance Equity Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Portion for proportionate allocation to QIBs. Further, not less than 35% of the Issue was available for allocation on a proportionate basis to Non-lnstitutional Bidders and not less than 35% of the Issue was available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to vatic Bids having been received from them at or above the Issue Price. AJI potential Bidders were required to mandatorily utilise the Application Supported by Blocked Amount ("ASBA") process providing details of their respective ASBA accounts and UPI ID (in case of RIBs), if applicable, in which the corresponding Bid Amounts were blocked by the SCSBs or under the UPI Mechanism, as applicable. For details, see "issue Procedure" on page 288 of the Prospectus.

The Issue received 186210 application for 52089842 Equity Shares resulting in 6.13 times subscription. The details of the application received in the Issue from Retail Individual Investors, Non-Institutional Investors and QIBs are as under (before technical rejection):

Sr. No Category No. of Applications Applied No. of Equity Shares Shares Reserved as per Prospectus No. of times Subscribed Amount (Rs.)
A Retail Individual Investors 185314 21622720 2975000 7.27 3306822820.00
B Non Institutional Investors 883 25707164 2975000 864 3933077806.00
C Qualifies Institutional Investors 13 4759058 2550000 1.87 728273574.00
Total 186210 52089842 8500000 6.13 7968174200.00

Final Demand

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

Sr. No Bid Price No. of Equity Shares % to Total Cumulative Total Cumulative % of Total
1 144.00 253232 0.3757 253232 0.38
2 14500 74088 0.1099 327320 0.11
3 146.00 21070 0.0313 348390 0.03
4 147.00 17150 0.0254 385540 0.03
5 148.00 26656 0.0395 392196 0.04
6 149.00 14994 0.0222 407190 0.02
7 150.00 91140 0.1352 498330 0.14
8 151.00 16170 0.0240 514500 0.02
9 152.00 13230 0.0196 527730 0.02
10 153.00 36799098 54.5941 37326828 54.59
11 CUTOFF 30078062 44.6230 67404890 44.62
TOTAL 67404890 100.0000 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on April 8, 2022.

A. Allotment to Retail Individual Investors (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. 153 per Equity, was finalized in consultation with NSE. This category has been subscribed to the extent of 6.94 times. The total number or Equity shares Allotted in Retail Individual Bidders category is 2975000 Equity Shares to 30357 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 % to Total No. of Equity Shares allotted per applicant Ratio Total No. of Equity Shares allotted
98 164463 92.86 16117374 78.07 98 6:35 2762522
196 7361 4.15 1442756 6.98 98 6:35 123676
294 1946 1.1 572124 2.77 98 333:973 32634
392 745 0.42 292040 1.41 98 128:745 12544
490 706 0.39 345940 1.67 98 121:706 11858
588 287 0.16 168756 0.81 98 7:41 4802
686 300 0.16 205800 099 98 17:100 4998
784 96 0.05 75264 0.36 98 1:6 1568
882 63 0.03 55566 0.26 98 11:63 1078
980 278 0.15 272440 1.31 98 24:139 4704
1078 44 0.02 47432 0.22 98 7:44 686
1176 44 0.02 51744 0.25 98 2:11 784
1274 782 0.44 996268 4.82 98 67:391 13132
0 0 0 0 0 1 1:155 14
TOTAL 177115 100 20643504 100 2975000
B. Allotment to Non Institutional Investors (After Technical Rejections) (including ASBA Applications)
The Basis of Allotment to the Non-lnstitutional Investors, who have bid at the Issue Price of Rs. 153 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 6.80 times. The total number of Equity Shares allotted in this category is 2975000 Equity Shares to 843 successful applicants. 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
1372 181 21.47 248332 1.22 202 01:01 36562
1470 37 4.38 54390 0.26 216 01:01 7992
1568 9 1.06 14112 0.06 231 01:01 2079
1666 14 1.66 23324 0.11 245 01:01 3430
1764 7 0.83 12348 0.05 259 01:01 1813
1862 5 0.59 9310 0.04 274 01:01 1370
1960 48 5.69 94080 0.46 288 01:01 13824
2058 12 1.42 24695 0.12 303 01:01 3636
2940 13 1.54 38220 0.18 432 01:01 5616
3136 4 0.47 12544 0.06 461 01:01 1844
3234 28 3.32 90552 0.44 476 01:01 13328
3332 5 0.59 16660 0.08 490 01:01 2450
3430 3 0.35 10290 0.05 505 01:01 1515
4410 0 0.71 26460 0.13 649 01:01 3894
4508 3 0.35 13524 0.06 663 01:01 1989
4704 1 0.11 4704 0.02 692 01:01 692
4900 15 1.77 73500 0.36 721 01:01 10815
5096 6 0.71 30576 0.15 750 01:01 4500
5194 5 0.59 25970 0.12 764 01:01 3820
5880 10 1.18 58800 0.29 865 01:01 8650
6468 32 3.79 206976 1.02 951 01:01 30432
6566 14 1.66 91924 0.45 966 01:01 13524
6860 5 0.59 34300 0.16 1009 01:01 5045
7938 4 0.47 31752 0.15 1168 01:01 4672
8330 6 0.71 49980 0.24 1225 01:01 7350
8820 3 0.35 26460 0.13 1297 01:01 3891
9114 3 0.35 27342 0.13 1341 01:01 4023
9800 30 3.55 294000 1.45 1442 01:01 43260
9898 4 0.47 39592 0.19 1456 01:01 5824
10192 3 0.35 30576 0.15 1499 01:01 4497
12740 5 0.59 63700 0.31 1874 01:01 9370
13034 5 0.59 05170 0.32 1917 01:01 9G05
13132 4 0.47 52528 0.25 1932 01:01 7728
14700 3 0.35 44100 0.21 2162 01:01 6486
16268 12 1.42 195216 0.96 2393 01:01 28716
16366 7 0.83 114562 0.56 2407 01:01 16849
19600 12 142 235200 1.16 2883 01:01 34596
29400 4 0.47 117600 0.58 4325 01:01 17300
32634 12 1.42 391608 1.93 4800 01:01 57600
45766 4 0.47 183064 0.9 6732 01:01 26928
65268 38 4.5 2480184 12.26 9601 01:01 364838
98000 3 0.35 294000 1.45 14416 01:01 43248
130634 4 0.47 522536 2.58 19216 01:01 76864
1065260 1 0.11 1065260 5.26 156699 01:01 156699
1372490 1 0.11 1372490 6.78 201892 01:01 201892
Total 843 100 20224456 100 2975000
C. Allotment to QIBs (After Technical Rejections)
Allotment to QIBs, who have bid at the Issue Price of Rs. 153 per Equity Share or above, has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 1.87 times of QI8 portion. As per the SEBI Regulations, Mutual Funds were allotted 5% of the Equity Shares of QIB portion available i.e. 127500 Equity Shares and other QIBs and unsatisfied demand of Mutual Funds were allotted the remaining available Equity Shares i.e. 4632548 Equity Shares on a proportionate basis. The total number of Equity Shares allotted in the QIB category is 2550000 Equity Shares, which were allotted to 13 successful Applicants.
Category FIs FPIs ICs MFs Others Total
QIB 0 2191065 0 129190 229745 2550000

The Board of our Directors of our Company at its meeting held on April 8, 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 emailed or dispatched to the email ids and addresses 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 April 8, 2022 and the payments to non-syndicate brokers have been issued on April 11, 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 have been uploaded on April 11, 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 NSE and BSE. and trading is expected to commence on or about April 13, 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, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.com.

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 Bid cum Application 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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BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol. Andheri East, Mumbai - 400 059.
Tel. No.: +91 22 6263 8200; Email: ipo@bigshareonlme.com; Investor Grievance Email: investor@bigshareonline.com.
Website: www.bigshareonline.com; Contact Person: Ashish Bhope; SEBI Registration No.: INR000001385
Place: Hyderabad, Telangana For HARIOM PIPE INDUSTRIES LIMITED
Date: April 12, 2022 On behalf of the Board of Directors
Sd/-
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 HARIOM PIPE INDUSTRIES LIMITED.

HARIOM PIPE INDUSTRIES LIMITED has filed the Prospectus with the RoC and thereafter with Securities and Exchange Board of India ("SEBI") and the Stock Exchanges. The Prospectus s available on the website of the SEBI at www.sebi.gov.in as well as on the website of the book running lead manager. ITI Capital Limited at www.iticapital.in, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bsetndia.com, respectively. Any potential investor should note that investment in equity shares invokes a high degree of risk and for details relating to such risks, see "Risk Factors" on page 22 of the Prospectus. Potential investors should not rely on the DRHP for any investment decision.

The Equity Shares have not been and will not be registered under the U. S. Securities Act of 1933 (the "U. S. Securities Act") or any state securities laws in the United States, and unless so registered and may nut be offered or sold within the United Slates, 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 Regulation S and the applicable laws of each jurisdictions where such offers and sates are made. There will be no public offering of the Equity Shares in the United States.



Hariom Pipe Industries IPO Basis of Allotment FAQs

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

The Hariom Pipe Industries IPO basis of allotment (published above) tells you how shares are allocated to you in Hariom Pipe Industries IPO and category wise demand of IPO share.

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