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November 28, 2017 - November 30, 2017

ICE Make IPO Basis of Allotment

ICE MAKE REFRIGERATION LIMITED
Corporate Identity Number: U29220GJ2009PLC056482

Our Company was originally incorporated on March 31, 2009 as a private limited company under the Companies Act, 1956 in the state of Gujarat as 'Ic Ice Make Refrigeration Private Limited' vide Certificate of Incorporation issued by the Registrar of Companies. Gujarat. Dadra and Nagar Haveli. Subsequently, the name of Our Company was changed to 'Ice Make Refrigeration Private Limited' vide Certificate Of Incorporation pursuant to change of name dated August 04, 2015 issued by Registrar of Companies, Ahmedabad, Our Company was converted into a public limited company vide Certificate of incorporation consequent upon conversion to public limited company dated August 29, 2017 issued by the Registrar of Companies, Ahmedabad and the name of our Company was changed to 'Ice Make Refrigeration Limited'. The Corporate Identity Number of our Company is U29220GJ2009PLC056482. For further details on change of name and the registered office of our Company, kindly refer the chapter titled 'History and Corporate Structure' beginning on page 134 of the Prospectus.

Registered Office; B-1,Vasupujya Chamber, Near Navdeep Building, Income-Tax Cross Road, Ahmedabad, Gujarat. India- 380009. | Telephone; +91-79-27540630 |
Facsimile: +91-79-27540620 | E-mail: info@icemakeindia.com  | Website: www.icemakeindia.com
Corporate Office: Survey Number 227, Dantali industrial Estate, GotaVadsar Road, Near Ahmedabad City, Taluka Kalol. District Gandhinagar. Gujarat. India-382721. |
Telephone: +91 -9879107881 / +91-9879107884 | Facsimile; +91-79-27540620
Contact Person: Mr Purvesh Pandit, Company Secretary and Compliance Officer | E-mail: cs@icemakeindia.com

PROMOTERS OF OUR COMPANY: MR. CHANDRAKANT P. PATEL, MR. RAJENDRA P. PATEL AND MR. VIPUL I. PATEL

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 41,60,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF ICE MAKE REFRIGERATION LIMITED (OUR 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 57 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 47 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 2,371.20 LAKH (THE 'ISSUE') OF WHICH 2,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 57 PER EQUITY SHARE AGGREGATING TO RS 118.56 LAKH RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. 39,52,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 57 PER EQUITY SHARE, AGGREGATING TO RS 2,252.64 LAKH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE CONSTITUTED 26.54% AND 25.22%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, KINDLY REFER TO CHAPTER TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 269 OF THE PROSPECTUS

Risks to lnvestors:

1. As on the date of the Prospectus the average cost of acquisition per Equity Share by our Promoters, viz.. Mr, Chandrakant P. Patel, Mr. Rajendra P Patel and Mr. Vipul I. Patel is Rs 3.76, Rs 3.34 and Rs 3.27 respectively.

All investors have participated in this offer through ASBA process. For details in this regards, specific attention is invited to chapter titled 'Issue Procedure' on page 275 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS 10 EACH,
THE ISSUE PRICE IS RS 57 AND IS 5.7 TIMES THE FACE VALUE OF THE EQUITY SHARES

ISSUE OPENED ON: TUESDAY, NOVEMBER 28, 2017 AND CLOSED ON: THURSDAY, NOVEMBER 30, 2017

The Equity Shares of our Company issued through the Prospectus are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE EMERGE'). In terms of chapter XB of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended from time to time. Our Company has received an in - principle approval letter dated November 10, 2017 from National Stock Exchange of India Limited ('NSE') for using its name in this offer document for listing of our Equity Shares on the NSE EMERGE. For the purpose of this Issue, the NSE shall be the Designated Stock Exchange

SUBSCRIPTION DETAILS

The Issue has received 1,48,763 applications for 1,08,66,50,000 Equity Shares (before rejections, before bids not banked but after invalid Multiple/Duplicate Bids) including Market Maker Application of 2,08,000 Equity Shares. The issue was subscribed to the extent of 261.2139 times as per the application data (before rejections, before bids not banked but after invalid Multiple/Duplicate Bids). After considering the technical rejections cases, the Issue was subscribed 255.9587 times.

The details of Application received (before technical rejection, but after bids nod banked and invalid Duplicate Bids):

Category Number of
Applications
% Number of
Equity Shares
% Subscription
(Times)
Market Maker 1 0.00 2,08,000 0.02 1
Retail individual Investors 1,46,582 99.29 29,31,64,000 27.19 148.36
Other than Retail Individual Investors 1,047 0.71 78,48,32,000 72.79 397.18
TOTAL 1,47,630 100.00 1,07,82,04,000 100.00 259.18

Final Demand:

Sr. No. Bid Pice No. of Equity
Shares Bid
% To
Total
Cumulative
Total
% of
CumulativeTotal
1 55 5,50,000 0.05 5,50,000 0.05
2 56 2,62,000 0.02 8,12,000 0.07
3 57 98,43,36,000 90.55 98,51,48,000 90.62
4 Cut Off 10,19,60,000 9.38 1,08,71,08,000 100.00
TOTAL 1,08,71,08,000 100.00

ALLOCATION: The Basis of Allotment was. finalized in consultation with the Designated Stock Exchange i.e. NSE on December 06, 2017.

A) ALLOCATION TO MARKET MAKER (AFTER TECHNICAL REJECTIONS): The Basis of Allotment to the Market Maker, at the Issue Price of Rs 57 per Equity Share, was finalized in consultation with NSE The category was subscribed by 1.00 times. The Total number of Equity Shares allotted in this category is 2,08,000 Equity Shares in full out of reserved portion of Rs.2,08,000 Equity Shares.

B) Allocation to Retail Individual Investors (After Technical Reactions): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of Rs 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 145.4798 times. The Total number of Equity Shares allotted in this category is 19,76,000 Equity Shares. The category wise basis of allotment is as under:

No. of
Equity
Shares
Applied For
(Category
wise)
No. of
Applications
Received
% to
Tolal
Total no. of
Equity Shares
Applied
% to
Total
Proportionate
Equity Shares
Available
Allocation per
Applicant
(Before
Rounding Off)
Allocation per
Applicant
(After
Rounding off
Ratio of
Allottees to
the Applicant
Total no.
of Equity
Shares
allotted
Surplus/
Deficit
2,000 1,43,734 100 28,74,68,000 100 19,76,000 13.75 2,000 3:436 19,76,000 0
Total 1,43,734 100 28,74,68,000 100 19,76,000 13.75 2,000 3:436 19,76,000 0

C) ALLOCATION TO OTHER THAN RETAIL INDIVIDUAL INVESTORS (AFTER TECHNICAL REJECTIONS): The Basis Of Allotment to the Other than Retail Individual Investors, at the Issue Price of Rs 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 393.2753 times. The Total number of Equity Shares allotted in this category is 19,76,000 Equity Shares. The category wise basis of allotment is as under

No. of
Equity
Shares
Applied For
(Category
wise)
No. of
Applications
Received
% to
Tolal
Total no. of
Equity Shares
Applied
% to
Total
Proportionate
Equity Shares
Available
Allocation per
Applicant
(Before
Rounding Off)
Allocation per
Applicant
(After
Rounding off
Ratio of
Allottees to
the Applicant
Total no.
of Equity
Shares
allotted
Surplus/
Deficit
4,000 339 33.11 13,56,000 0.17 3,445 10.17 2,000.00 2:339 4,000 555
6,000 85 8.30 5,10,000 0.07 1,297 15.26 2,000.00 1:85 2,000 703
8,000 57 5.57 4,56,000 0.06 1,159 20.33 2,000.00 1:57 2,000 841
10,000 52 5.08 5,20,000 0.07 1,322 25.42 2,000.00 1:52 2,000 678
12,000 22 2.15 2,64,000 0.03 671 30.50 2,000.00 1:22 2,000 1329
14.000 18 1.76 2,52,000 0.03 641 35.61 2,000.00 1:18 2,000 1359
16,000 22 2.15 3,52,000 0.05 895 40.68 2,000.00 1:22 2,000 1105
18,000 13 1.27 2,34,000 0.03 595 45.77 2,000.00 1:13 2,000 1405
20,000 22 2.15 4,40,000 0.06 1,119 50.86 2,000.00 1:22 2,000 881
22,000 11 1.07 2,42,000 0.03 615 55 91 2,000.00 1:11 2,000 1385
24,000 2 0.20 48,000 0.01 122 61.00 2,000.00 1:2 2,000 1878
26,000 10 0.98 2,60,000 0.03 661 66.10 2,000.00 1:10 2,000 1339
28,000 8 0.78 2,24,000 0.03 570 71.25 2,000.00 1:8 2,000 1430
30,000 6 0.59 1,80,000 0.02 458 76.33 2,000.00 1:6 2,000 1542
32,000 4 0.39 1,28,000 0.02 325 81.25 2,000.00 1:4 2,000 1675
34,000 6 0.59 2,04,000 0.03 519 86.50 2,000.00 1:6 2,000 1481
36,000 9 0.88 3,24,000 0.04 824 91.56 2,000.00 1:9 2,000 1176
38,000 1 0.10 38,000 0.00 97 97.00 2.000.00 1:1 2,000 1903
40,000 7 0.68 2,80,000 0.04 712 101.71 2,000.00 1:7 2,000 1288
42,000 2 0.20 84,000 0.01 214 107.00 2,000.00 1:2 2,000 1786
44,000 7 0.68 3,08,000 0.04 783 111.86 2,000.00 1:7 2,000 1217
46,000 2 0.20 92,000 0.01 234 117.00 2,000.00 1:2 2,000 1766
48,000 2 0.20 96,000 0.01 244 122.00 2,000.00 1:2 2,000 1756
50,000 5 0.49 2,50,000 0.03 636 127.20 2,000.00 1:5 2,000 1364
52,000 2 0.20 1,04,000 0.01 264 132.00 2,000.00 1:2 2,000 1736
54,000 3 0.29 1,62,000 0.02 412 137.33 2,000.00 1:3 2,000 1588
56,000 7 0.68 3,92,000 0.05 997 142.43 2,000.00 1:7 2,000 1003
58,000 3 0.29 1,74,000 0.02 442 147.33 2,000.00 1:3 2,000 1558
60,000 4 0.39 2,40,000 0.03 610 152.50 2,000.00 1:4 2,000 1390
62,000 1 0.10 62,000 0.01 158 158.00 2,000.00 1:1 2,000 1842
64,000 1 0.10 64,000 0.01 163 163.00 2,000.00 1:1 2,000 1837
68,000 1 0.10 68,000 0.01 173 173.00 2,000.00 1:1 2,000 1827
72,000 1 0.10 72,000 0.01 183 183.00 2,000.00 1:1 2,000 1817
76,000 1 0.10 76,000 0.01 193 193.00 2,000.00 1:1 2,000 1807
78,000 2 0.20 1,56,000 0.02 397 198.50 2,000.00 1:2 2,000 1603
82,000 2 0.20 1,64,000 0.02 417 208.50 2,000.00 1:2 2,000 1583
86,000 4 0.39 3,44,000 0.04 875 218.75 2,000.00 1:4 2,000 1125
88,000 2 0.20 1,76,000 0.02 448 224,00 2,000.00 1:2 2,000 1552
90,000 2 0.20 1,80,000 0.02 458 229.00 2,000.00 1:2 2,000 1542
1,00,000 1 0.10 1,00,000 0.01 254 254.00 2,000.00 1:1 2,000 1746
1,06,000 3 0.29 3,18,000 0.04 809 269.67 2,000.00 1:3 2,000 1191
1,08,000 1 0.10 1,08,000 0.01 275 275.00 2,000.00 1:1 2,000 1725
1,10,000 1 0.10 1,10,000 0.01 280 280.00 2,000.00 1:1 2,000 1720
1,12,000 1 0.10 1,12,000 0.01 285 285.00 2,000.00 1:1 2,000 1715
1,14,000 1 0.10 1,14,000 0.01 290 290.00 2,000.00 1:1 2,000 1710
1,18,000 1 0.10 1,18,000 0.02 300 300.00 2,000.00 1:1 2,000 1700
1,26,000 2 0.20 2,52,000 0.03 641 320.50 2,000.00 1:2 2,000 1359
1,40,000 1 0.10 1,40,000 0.02 356 356.00 2,000.00 1:1 2,000 1644
1,46,000 1 0.10 1,46,000 0.02 371 371.00 2,000.00 1:1 2,000 1629
1,50,000 2 0.20 3,00,000 0.04 763 381.50 2,000.00 1:2 2,000 1237
1,60,000 1 0.10 1,60,000 0.02 407 407.00 2,000.00 1:1 2,000 1593
1,70,000 1 0.10 1,70,000 0.02 432 432.00 2,000.00 1:1 2,000 1568
1,72,000 1 0.10 1,72,000 0.02 437 437.00 2,000.00 1:1 2,000 1563
1,74,000 4 0.39 6,96,000 0.09 1,770 442.50 2,000.00 1:4 2,000 230
1,76,000 3 0.29 5,28,000 0.07 1,343 447.67 2,000.00 1:3 2,000 657
1,78,000 1 0.10 1,78,000 0.02 453 453.00 2,000.00 1:1 2,000 1547
1,80,000 1 0.10 1,80,000 0.02 458 458.00 2,000.00 1:1 2,000 1542
1,92,000 1 0.10 1,92,000 0.02 488 488.00 2,000.00 1:1 2,000 1512
2,00,000 1 0.10 2,00,000 0.03 509 509.00 2,000.00 1:1 2,000 1491
2,10,000 1 0.10 2,10,000 0.03 534 534.00 2,000.00 1:1 2,000 1466
2,18,000 1 0.10 2,18,000 0.03 554 554.00 2,000.00 1:1 2,000 1446
2,32,000 1 0.10 2,32,000 0.03 590 590.00 2,000.00 1:1 2,000 1410
2,82,000 1 0.10 2,82,000 0.04 717 717.00 2,000.00 1:1 2,000 1283
2,92,000 1 0.10 2,92,000 0.04 742 742.00 2,000.00 1:1 2,000 1258
2,98,000 1 0.10 2,98,000 0.04 758 758.00 2,000.00 1:1 2,000 1242
3,02,000 1 0.10 3,02,000 0.04 768 768.00 2,000.00 1:1 2,000 1232
3,10,000 1 0.10 3,10,000 0.04 788 788.00 2,000.00 1:1 2,000 1212
3,50,000 2 0.20 7,00,000 0.09 1,780 890.00 2,000.00 1:2 2,000 220
3.98,000 1 0.10 3,98,000 0.05 1,012 1012.00 2,000.00 1:1 2,000 988
4,00,000 4 0.39 16,00,000 0.21 4,068 1017.00 2,000.00 1:2 4,000 -68
4,50,000 1 0.10 4,50,000 0.06 1,144 1144.00 2,000.00 1:1 2,000 856
4,80,000 1 0.10 4,80,000 0.06 1,221 1221.00 2,000.00 1:1 2,000 779
4,82,000 1 0.10 4,82,000 0.06 1,226 1226.00 2,000.00 1:1 2,000 774
4,86,000 1 0.10 4,86,000 0.06 1,236 1236.00 2,000.00 1:1 2,000 764
4,90,000 1 0.10 4,90,000 0.06 1,246 1246.00 2,000.00 1:1 2,000 754
4,92,000 1 0.10 4,92,000 0.06 1,251 1251.00 2,000.00 1:1 2,000 749
4,94,000 1 0.10 4,94,000 0.06 1,256 1256.00 2,000.00 1:1 2,000 744
4,96,000 1 0.10 4,96,000 0.06 1,261 1261.00 2,000.00 1:1 2,000 739
4,98,000 1 0.10 4,98,000 0.06 1,266 1266.00 2,000.00 1:1 2,000 734
5,00,000 1 0.10 5,00,000 0.06 1,271 1271.00 2,000.00 1:1 2,000 729
5,08,000 1 0.10 5,08,000 0.07 1,292 1292.00 2,000.00 1:1 2,000 708
5,20,000 1 0.10 5,20,000 0.07 1,322 1322.00 2,000.00 1:1 2,000 678
5,26,000 2 0.20 10,52,000 0.14 2,675 1337.50 2,000.00 1:2 2,000 -675
5,30,000 1 0.10 5,30,000 0.07 1,348 1348.00 2,000.00 1:1 2,000 652
5,50,000 1 0.10 5,50,000 0.07 1,399 1399.00 2,000.00 1:1 2,000 601
5,58,000 1 0.10 5,58,000 0.07 1,419 1419.00 2,000.00 1:1 2,000 581
5,76,000 1 0.10 5,76,000 0.07 1,465 1465.00 2,000.00 1:1 2,000 535
7,00,000 1 0.10 7,00,000 0.09 1,780 1780.00 2,000.00 1:1 2,000 220
7,10,000 1 0.10 7,10,000 0.09 1,805 1805.00 2,000.00 1:1 2,000 155
7,98,000 1 0.10 7,98,000 0.10 2,029 2029.00 2,000.00 1:1 2,000 -29
8,00,000 1 0.10 8,00,000 0.10 2,034 2034.00 2,000.00 1:1 2,000 -34
8,10,000 1 0.10 8,10,000 0.10 2,060 2060.00 2,000.00 1:1 2,000 -60
8,14,000 1 0.10 8,14,000 0.10 2,070 2070.00 2,000.00 1:1 2,000 -70
8,16,000 1 0.10 8,16,000 0.11 2,075 2075.00 2,000.00 1:1 2,000 -75
8,18,000 1 0.10 8,18,000 0.11 2,080 2080.00 2,000.00 1:1 2,000 -80
8,22,000 1 0.10 8,22,000 0.11 2,090 2090.00 2,000.00 1:1 2,000 -90
8,24,000 1 0.10 8,24,000 0.11 2,095 2095.00 2,000.00 1:1 2,000 -95
8,26,000 1 0.10 8,26,000 0.11 2,100 2100.00 2,000.00 1:1 2,000 -100
8,28,000 1 0.10 8,28,000 0.11 2,105 2105.00 2,000.00 1:1 2,000 -105
8,76,000 3 0.29 26,28,000 0.34 6,682 2227.33 2,000.00 1:1 6,000 -682
12,28,000 1 0.10 12,28,000 0.16 3,122 3122.00 2,000.00 1:1 2,000 -1122
14,02,000 1 1.10 14,02,000 0.18 3,565 3565.00 2,000.00 1:1 2,000 -1565
15,78,000 1 0.10 15,78,000 0.20 4,012 4012.00 4,000.00 1:1 4,000 -12
16,38,000 1 0.10 16,38,000 0.21 4,165 4165.00 4,000.00 1:1 4,000 -165
17,54,000 9 0.88 1,57,86,000 2.03 40,140 4460.00 4,000.00 1:1 36,000 -4140
18,02,000 1 0.10 18,02,000 0.23 4,582 4582.00 4,000.00 1:1 4,000 -582
18,42,000 1 0.10 18,42,000 0.24 4,684 4684.00 4,000.00 1:1 4,000 -684
19,28,000 1 0.10 19,28,000 0.25 4,902 4902.00 4,000.00 1:1 4,000 -902
21,92,000 1 0.10 21,92,000 0.28 5,574 5574.00 4,000.00 1:1 4,000 -1574
24,56,000 1 0.10 24,56,000 0.32 6,245 6245.00 6,000.00 1:1 6,000 -245
26,30,000 4 0.39 1,05,20,000 1.35 26,750 6687.50 6,000.00 1:1 24,000 -2750
31,56,000 1 0.10 31,56,000 0.41 8,025 8025.00 8,000.00 1:1 8,000 -25
33,32,000 1 0.10 33,32,000 0.43 8,472 8472.00 8,000.00 1:1 8,000 -472
33,52,000 1 0.10 33,52,000 0.43 8,523 8523.00 8,000 00 1:1 8,000 -523
35,08,000 3 0.29 1,05,24000 1.35 26,760 8920.00 8,000.00 1:1 24,000 -2760
36,84,000 2 0.20 73,68,000 0.95 18,735 9367.50 8,000.00 1:1 16,000 -2735
38,58,000 6 0.59 2,31,48,000 2.98 58,860 9810.00 8,000.00 1:1 48,000 -10860
39,00,000 3 0.29 1,17,00,000 1.51 29,750 9916.67 8,000.00 1:1 24,000 -5750
39,46,000 38 3.71 14,99,48,000 19.30 3,81,280 10033.68 8,000.00 1:1 3,04,000 -77280
39,46,000 2,000 additional share is allocated for serial no 119 in the ratio of 7:38 2,000.00 7:38 14,000 14000
39,52,000 122 11.91 48,21,44,000 62.04 12,25,971 10048.94 10,000.00 1:1 12,20,000 -5971
TOTAL 1,024 100 77,71,12,000 100 19,76,000 19,76,000 0

The IPO Committee of the Company at its meeting held on December 06, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and authorized corporate action for allotment of shares in dematerialised form to various- successful applicants.

The CAN and allolment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories.. Further, the instruction to SCSBs has been issued on December 06, 2017 for unblocking of funds. The Equity shares allotted to successful applicants are being credited to their beneficiary accounts subject to the validation of the account details with the depositories concerned on December 07, 2017. In case the same is not received within prescribed time, investors may contact the Registrar to 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 NSE within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before December 08, 2017 subject to receipt of listing and trading approvals from NSE.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.linkintime.co.in 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 Bid cum 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:

REGISTRAR TO THE ISSUE

Link Intime India Private Limited
C 101, 1st Floor, 247 Park, LBS Msrg, Vikhroli (West), Mumbai, Maharashtra, India - 400083.
Telephone; + 91-22-49186200 | Facsimile; +91-22-49186195
Website: www.linkintime.co.in | Email: icemake.ipo@linkinime.co.in
Investor Grievance Email: icemake.ipo@linkintime.co.in | Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration Number: INR000004058 | CIN: U67190MH1999PLC118368

Place: Ahmedabad
Date: December 07, 2017
For, Ice Make Refrigeration Limited
On behalf of Board of Directors
sd/-
Chandrakant P. Patel
Chairman & Managing Director

ICE Make IPO Basis of Allotment FAQs

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

The ICE Make IPO basis of allotment (published above) tells you how shares are allocated to you in ICE Make 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 ICE Make IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).