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IFL Enterprises IPO Details
IPO Date Mar 7, 2017 - Mar 10, 2017
IPO Price ₹20
Face Value ₹10
IPO Size ₹3.25 Cr
Listing At BSE SME
IPO Lot Size 6000

IFL ENTERPRISES LIMITED

CIN: U67100DL2009PLC186958

Our Company was incorporated as Sarthak Suppliers Private Limited on January 23,2009 under the Companies Act, 1956 bearing Registration No. 186958 and having its Registered Office in Delhi. The name of the Company was changed to IFL Enterprises Private Limited vide special resolution dated January 11,2016 and name change Certificate was issued on January 28,2016 by the Registrar of Companies, Delhi. The status of our Company was changed to a public limited company and the name of our Company was changed to IFL Enterprises Limited vide special resolution dated January 28, 2016. A fresh Certificate of Incorporation consequent upon change of name was issued on February 18,2016 by the Registrar of Companies, Delhi. The Company's Corporate Identity Number is U67100DL2009PLC186958.

Regd. Office: D-16,1st Floor, Above ICICI Bank, Prashant Vihar, Sector-14, Rohini, Delhi -110085.
Contact Person: Mr. Sandeep Kumar, Company Secretary and Compliance Officer.
Tel No.:+91 -11 - 2755 5434; Fax No.: +91-11- 2702 9051 Email: iflenterprises@rediffmail.com; Website: www.iflenterprises.com

PROMOTERS OF THE COMPANY: INDIA FINSEC LIMITED AND MR. MUKESH SHARMA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 16,26,000 EQUITY SHARES OF RS 10 EACH ("EQUITY SHARES") OF IFL ENTERPRISES LIMITED ("IFLEL" OR THE "COMPANY") FOR CASH AT A PRICE OF RS 20 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 325.20 LAKHS ("THE ISSUE"), OF WHICH 90,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 15,36,000 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 54.16% AND 51.16%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND
THE ISSUE PRICE IS 2.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON MARCH 07, 2017 AND CLOSED ON MARCH 10, 2017.

The Equity Shares issued through the Prospectus are proposed to be listed on the SME Platform of BSE. Our Company has received an approval letter dated February 09,2017 from BSE for using its name in the Issue Document and for listing of our shares on the SME Platform of BSE. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited ("BSE"). BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on March 21,2017* *
*Subject to receipt of listing and trading approvals from the BSE Limited.

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The Net Issue has received 255 applications for 23,94,000 Equity Shares resulting in 1.56 times subscription. The details of the applications received in the Net Issue (before and aftertechnical rejections & withdrawal) are as follows:
Detail of the Applications Received

CATEGORY BEFORE TECHNICAL REJECTIONS & WITHDRAWALS AFTERTECHNICAL REJECTIONS & WITHDRAWALS
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Applicant 241 14,46,000 232 13,92,000
Non - Retail Applicant 14 9,48,000 14 9,48,000
Total 255 23,94,000 246 23,40,000

Note: The Issue also includes 90,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 times and there were no Technical Rejection & any withdrawal.

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 4,74,000 Equity Shares in Retail Category & over subscription 3,30,000 Equity Shares in Non - Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange -BSE Ltd on March 16,2017.

A) Allocation to Marker Maker (After Technical Rejections & Withdrawals): 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 1.00 times. The total number of shares allotted in this category is 90,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category Wise)
No. of Applications
Received
% to Total Total No. of Shares
Applied in Each
Category
% to Total Allocation per
Applicant
Ratio of Allottees
to the Applicant
Total No. of Shares
Allotted
90,000 1 100.00 90,000 100.00 90,000 1:1 90,000
Total 1 100.00 90,000 100.00 90,000

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Issue Price of  Rs 20/- per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 9,18,000 Equity Shares. The category was subscribed by 1.52 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category Wise)
No. of Applications
Received
% to Total Total No. of Shares
Applied in Each
Category
% to Total Allocation per
Applicant
Ratio of Allottees
to the Applicant
Total No. of Shares
Allotted
6,000 232 100.00 13,92,000 100.00 2,000 153:232 9,18,000
Total 232 100.00 13,92,000 100.00 9,18,000

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of  Rs 20/-per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 6,18,000 Equity Shares. The category was subscribed by 1.53 times. The category-wise details of the Basis of Allotment are as under:

No. of Shares
Applied for
(Category Wise)
No. of Applications
Received
% to Total Total No. of Shares
Applied in Each
Category
% to Total Allocation per
Applicant
Ratio of Allottees
to the Applicant
Total No. of Shares
Allotted
12,000 4 28.57 48,000 5.06 6,000 1:1 24,000
12,000 (Lottery System - Serial No. of Qualifying Applicant is 2) 6,000 1:4 6,000
36,000 1 7.14 36,000 3.80 24,000 1:1 24,000
54,000 3 21.43 1,62,000 17.09 36,000 1:1 1,08,000
84,000 2 14.29 1,68,000 17.72 54,000 1:1 1,08,000
1,08,000 1 7.14 1,08,000 11.39 72,000 1:1 72,000
1,32,000 1 7.14 1,32,000 13.92 84,000 1:1 84,000
1,44,000 1 7.14 1,44,000 15.19 96,000 1:1 96,000
1,50,000 1 7.14 1,50,000 15.82 96,000 1:1 96,000
Total 14 100.00 9,48,000 100.00 6,18,000

The Board of Directors of the Company at its meeting held on March 17,2017 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action forthe allotment of the Equity Shares to various successful applicants.

The CAN and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before March 17,2017 for unblocking of funds. The Equity Shares allotted 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 Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading is proposed to be commenced on March 21,2017 subject to receipt of listing and trading approvals from BSE.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated February 22,2017 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at Website: www.skylinerta.com

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 Application Form, Number of Shares Applied for and Bank Branch where the Application had been lodged and payment details at the address given below:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1 st Floor, Okhla Industrial Area, Phase-I, New Delhi -110 020
Tel: +91 -11 - 6473 2681 - 88, Fax: +91 -11 - 2681 2682, Email: admin@skylinerta.com;
Website: www.skylinerta.com, Contact Person: Mr. Virender Rana; SEBI Registration No.: INR00003241

Place: Delhi

Date: March 18,2017

For IFL Enterprises Limited
On Behalf of the Board of Directors
Sd/-
Managing Director

Find the basis of allotment for IFL Enterprises IPO. The basis of allotment document helps to understand how shares are allotted in IPO of IFL Enterprises Ltd. It provides detail about how many valid IPO applications received for IFL Enterprises IPO and IPO allotment ratio in investor categories i.e. Retail, NII, QIB, Employee and Shareholders. You could find the answer to questions like; why I didn't get IPO allotment in IFL Enterprises IPO? or what is the IFL Enterprises IPO allotment ratio?

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