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September 27, 2016 - September 29, 2016

Jet Knitwears IPO Basis of Allotment

JET KNITWEARS LIMITED

CIN: U19101UP1996PLC019722

Our Company was incorporated as Jet Knitwears Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated April 02,1996 in Kanpur, Uttar Pradesh. Subsequently, the name of our Company was changed to Jet Knitwears Limited vide fresh certificate of incorporation dated April 01, 2015. The company was incorporated to takeover the running business of partnership firm M/s Jet Knitwears Company along with all the assets and liabilities, approvals, permits, registrations, etc. For further details, please referto chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 124 of the Prospectus.

Registered Office: 119/410, B-1, Darshanpurwa, Kanpur- 208012, Uttar Pradesh, India Tel No.: +91 512-2217553; E-mail: info@jetknit.com; Website: www.jetknit.com Contact Person: Mr. Balram Kumar Narula, Managing Director


PROMOTERS OF THE COMPANY: MR. BALRAM KUMAR NARULA, MR. ANIL KUMAR NARULA, MR. RAKESH KUMAR NARULA, MRS. KANCHAN NARULA, MRS. USHA NARULA, MRS. JYOTI NARULA AND MRS. SANDHYA NARULA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 10,83,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH FULLYPAID UP OF JET KNITWEARS LIMITED ('JKL' OR 'JETKNIT'OR THE 'COMPANY' ORTHE 'ISSUER') FOR CASH AT A PRICE OF Rs. 39/- PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF Rs. 29/- PER EQUITY SHARE AGGREGATING Rs. 422.37 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 57,000 EQUITY SHARES OF Rs.10/- EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,26,000 EQUITY SHARES OF Rs.10/- EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.52% AND 25.13% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII -ISSUE INFORMATION' BEGINNING ON PAGE 226 OFTHE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH. THE ISSUE PRICE IS RS. 39/-

THE ISSUE PRICE IS 3.90 TIMES THE FACE VALUE. ISSUE OPENED ON: SEPTEMBER 27,2016 ISSUE CLOSED ON: SEPTEMBER 29,2016

PROPOSED LISTING: FRIDAY, OCTOBER 07, 201 6

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ('NSE'). The Company has received an in-principle approval letter dated September 07,2016 from NSE for using its name in the offer documentfor listing of its shares on NSE Emerge Platform.

Forthe purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced with effect from Friday, October 07,2016.* *Subjectto receipt of listing and trading approvalsfrom the National Stock Exchange of India Limited.

All Applicants participated in the Issue 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 Issue has received 633 applications for 4071000 Equity Shares resulting in 3.76 times subscription (including reserved portion of Market Maker). The details ofthe applications received in the Issue (before technical rejections) are as follows:

Details of the Applications Received (Before Technical Rejection):

Category No. of Applicants % No. of Equity Shares % Subscription (Times)
Market Maker 1 0.16 57000 1.40 1.00
Retail Individual Investors 515 81.36 1545000 37.95 3.01
Other than Retail Individual Investors 117 18.48 2469000 60.65 4.81
Total 633 100.00 4071000 100.00 3.76

The details of applications rejected by the Registrar on technical grounds are detailed below:

(Technical Rejections)

Category No. of Applicants No. of Equity Shares
Market Maker 1 NIL
Retail Individual Investors 515 33000
Other than Retail Individual Investors 117 30000
Total 633 63000

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

Category No. of Applicants % No. of Equity Shares No. of Valid Shares applied Subscription (Times)
Market Maker 1 0.16 57000 57000 1.00
Retail Individual Investors 504 81.29 513000 1512000 2.95
Other than Retail Individual Investors 115 18.55 513000 2439000 4.75
Total 620 100.00 1083000 4008000 3.70

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange -National Stock Exchange of India Limited on October 03,2016.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 39/- per Eguity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 57,000 Eguity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 39/- per Eguity Share, was finalized in consultation with NSE. The category was subscribed by 2.95 times. The total number of shares allotted in this category is 513000 Eguity Shares to 171 successful applicants. 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 Proportionate shares available Allocation per Applicant (before rounding off) Allocation per Applicant (after rounding off) Ratio of allottees to applicants: RATI01 Ratio of allottees to applicants: RATIO 2 Number of successful applicant (after rounding off) Total no. of Shares Allocated/
Allotted
No. of Shares Surplus/ Deficit
3000 504 100.00 1512000 100.00 513000 1017.86 3000.0 171 504 171 513000 0
Total 504 100.00 1512000 100.00 513000 171 513000 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 39/- per Eguity Share, was finalized in consultation with NSE. The category was subscribed by 4.75 times. The total number of shares allotted in this category is 513000 Eguity Shares to 92 successful applicants.

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 Proportionate shares available Allocation per Applicant (before rounding off) Allocation per Applicant (after rounding off) Ratio of allottees to applicants: RATI01 Ratio of allottees to applicants: RATIO 2 Number of successful applicant (after rounding off) Total no. of Shares Allocated/
Allotted
No. of Shares Surplus/ Deficit
6000 19 16.52 114000 4.69 23978 1261.99 3000 8 19 8 24000 22
9000 26 22.61 234000 9.59 49218 1892.99 3000 16 26 16 48000 -1218
12000 15 13.04 180000 7.38 37860 2523.99 3000 13 15 13 39000 1140
15000 5 4.35 75000 3.08 15775 3154.98 3000 1 1 5 15000 -775
18000 3 2.61 54000 2.21 11358 3785.98 3000 1 1 3 9000 -2358
21000 4 3.48 84000 3.44 17668 4416.97 6000 1 1 4 24000 6332
24000 5 4.35 120000 4.92 25240 5047.97 6000 1 1 5 30000 4760
27000 3 2.61 81000 3.32 17037 5678.97 6000 1 1 3 18000 963
30000 9 7.83 270000 11.07 56790 6309.96 6000 1 1 9 54000 -2790
33000 14 12.17 462000 18.94 97173 6940.96 6000 1 1 14 84000 -13173
36000 1 0.87 36000 1.48 7572 7571.96 9000 1 1 1 9000 1428
39000 3 2.61 117000 4.80 24609 8202.95 9000 1 1 3 27000 2391
42000 1 0.87 42000 1.72 8834 8833.95 9000 1 1 1 9000 166
51000 2 1.74 102000 4.18 21454 10726.94 12000 1 1 2 24000 2546
60000 1 0.87 60000 2.46 12620 12619.93 12000 1 1 1 12000 -620
63000 1 0.87 63000 2.58 13251 13250.92 12000 1 1 1 12000 -1251
66000 1 0.87 66000 2.71 13882 13881.92 15000 1 1 1 15000 1118
126000 1 0.87 126000 5.17 26500 26501.85 27000 1 1 1 27000 500
153000 1 0.87 153000 6.27 32181 32180.81 33000 1 1 1 33000 819
Total 115 100.00 2439000 100.00 513000 92 513000 0

The Board of Directors of the Company at its meeting held on October 03,2016 has taken on record the Basis of Allocation of Eguity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Eguity Shares to various successful applicants.

The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before October 05, 2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to October 04,2016. In case the same is not received within four working days, investors may contact Registrar at the address given below. The Eguity 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 Eguity Shares admitted for trading on NSE Emerge Platform within 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 meaning assigned to them in the Prospectus dated September 21,2016 ('Prospectus').


INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the 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 guoting 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:

BIGSHARE SERVICES PRIVATE LIMITED
E2 Ansa Industrial Estate, Sakivihar Road,Sakinaka Andheri East, Mumbai-400072.
Tel.: (022) 4043 0200 Fax: (022) 2847 5201 Email: ipo@bigshareonline.com Website: www.bigshareonline.com
Contact Person: Mr. Vipin Gupta SEBI Registration Number: INR000001385

Date: October 03, 2016

Place: Kanpur

For Jet Knitwears Limited
On behalf of the Board of Directors
Sd/.
Managing Director

Jet Knitwears IPO Basis of Allotment FAQs

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

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

Visit the Jet Knitwears IPO allotment status page to check the number of shares allocated to your application.

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