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March 9, 2021 - March 12, 2021

KMEW IPO Basis of Allotment

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KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED
(CIN - U74120MH2015PLC269596)

(Our Company was incorporated as "Knowledge Marine & Engineering Works Private Limited" under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated October 26, 2015 bearing CIN: U74120MH2015PTC269596 issued by the Registrar of Companies, Mumbai. Subsequently, our Company was converted into a Public Limited Company pursuant to the special resolution passed by the shareholders at the Extra-Ordinary General Meeting of our Company held on January 23, 2020 and consequent upon conversion the name of our Company was changed to "Knowledge Marine & Engineering Works Limited" vide a fresh certificate of incorporation dated January 31, 2020 bearing CIN:U74120MH2015PLC269596 issued by the Registrar of Companies, Mumbai.

Registered Office: Office No. 402, Sai Samarath Business Park, Deonar Village Road, Govandi (East) Mumbai 400088, Maharashtra, India;
Contact Person: Ms. Sonali Chetan Gor, Company Secretary & Compliance Officer
Tel No: +91-022-35530988; E-mail - info@kmew.in; Website: www.kmew.com
Promoters of Our Company: Mr. Saurabh M. Daswani and Mrs. Kanak S. Kewalramani
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 27,36,000 EQUITY SHARES OF FACE VALUE OF Rs. 10/- EACH (THE "EQUITY SHARES") OF KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED ("OUR COMPANY" OR "KMEWL" OR "THE ISSUER") AT AN ISSUE PRICE OF Rs. 37.00 PER EQUITY SHARE FOR CASH, AGGREGATING UP TO Rs. 1012.32 LAKHS ("PUBLIC ISSUE") OUT OF WHICH 1,44,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH. AT AN ISSUE PRICE OF Rs. 37.00 PER EQUITY SHARE FOR CASH, AGGREGATING Rs. 53.28 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 25,92,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH, AT AN ISSUE PRICE OF Rs. 37.00 PER EQUITY SHARE FOR CASH, AGGREGATING UPTO Rs. 959.04 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 26.73% AND 25.32 % RESPECTIVELY OF THE POST- ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

The face value of the equity shares is Rs 10 each and the issue price is Rs 37 each. The issue price is 3.7 times of the face value of equity share.

ISSUE OPENED ON: TUESDAY, MARCH 09, 2021
CLOSED ON: FRIDAY MARCH 12, 2021

PROPOSED LISTING: MARCH 22, 2021*

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 IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an In Principal approval letter dated December 30,2020 from BSE Limited ("BSE") for using its name in the Offer Document for listing of our shares on the SME Platform of BSE. It is to be distinctly understood that the permission given by BSE Limited ("BSE") should not in any way be deemed or construed that the content of the Prospectus or the price at which the equity share are offered has been cleared, solicited or approved by BSE, nor does it certify the correctness, accuracy or completeness of any of the content of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer clause pertaining to BSE. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about March 22, 2021*.

*Subject to the receipt of listing and trading approval from the BSE SME Platform.

All Applicants were allowed to participate in the Issue either 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") or through UPI Mechanism.

SUBSCRIPTION DETAILS

The issue has received 1681 applications for 72,99,000 Equity shares resulting in 2.6678 times subscription (including reserved portion of Market maker). There were 83 applications for 549,000 Equity Shares, which are figuring in the bid file but the concerned application has not been received through any of the SCSBs.

The details of applications received in the issue (before technical rejections but after excluding bids not banked) are as follows:

Category No. of applicants % No. of Equity shares % Subscription (times)*
Market Maker 1 0.06 1,44,000 1.97 1.000
Retail Individual Investors 1583 94.17 47,49,000 65.06 3.6644
Other than retail individual Investors 97 5.77 24,06,000 32.96 1.8565
Total 1681 100.00 72,99,000 100.00 2.6678

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

Category No. of applicants No. of Equity shares
Market Maker Nil Nil
Retail Individual Investors 40 1,20,000
Other than retail individual Investors 1 9,000
Total 41 1,29,000

After eliminating technically rejected applications, the following table gives us category wise net valid applications:

Category No. of applicants % Issue Allocation as per Prospectus (Category wise) Equity shares Alloted* No. of valid shares applied % of Total Applied Subscription (times) on basis of revised Issue Allocation
Market Maker 1 0.06 1,44,000 1,44,000 1,44,000 2.01 1.0000
Retail Individual Investors 1543 94.09 12,96,000 17,10,000 46,29,000 64.56 2.7070
Other than retail individual Investors 96 5.85 12,96,000 8,82,000 23,97,000 33.43 2.7177
Total 1640 100.00 27,36,000 27,36,000 71,70,000 100.00 2.6206

*lf the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage.

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 16,2021.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 37/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1.44.000 Equity Shares to 1 successful applicant.

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: RATIO 1 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
1,44,000 1,44,000 100 1,44,000 100 1,44,000 1,44,000 1,44,000 1 1 1 1,44,000 0
Grand Total 1,44,000 100 1,44,000 100 1,44,000 1,44,000 1,44,000 1 1,44,000 0

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 37/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 3.57 times. The total number of shares allotted in this category is 17,10,000 Equity Shares to 570 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: RATIO 1 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 1543 100 46,29,000 100 17,10,000 3000 3000 570 1543 570 17,10,000 -
Grand Total 1543 100 46,29,000 100 17,10,000 570 17,10,000 -

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

The Basis of Allotment to the Other than retail individual Investors, at the issue price of Rs. 37/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.85 times. The total number of shares allotted in this category is 8,82,000 Equity Shares to 87 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: RATIO 1 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 35 36.46 210000 8.76 77273 2207.80 3000 26 35 26 78000 727
9000 13 13.54 117000 4.88 43051 3311.62 3000.00 1 1 13 39000 -4051
3000 additional share is allocated for Serial no 2 in the ratio of 1:13 1 13 3000 3000
12000 8 8.33 96000 4.01 35324 4415.50 3000.00 1 1 8 24000 -11324
3000 additional share is allocated for Serial no 3 in the ratio of 1:2 1 2 12000 12000
15000 20 20.83 300000 12.52 110388 5519.40 3000.00 1 1 20 60000 -50388
3000 additional share is allocated for Serial no 4 in the ratio of 17:20 17 20 51000 51000
24000 1 1.04 24000 1.00 8831 8831.00 9000.00 1 1 1 9000 169
27000 3 3.13 81000 3.38 29805 9935.00 9000.00 1 1 3 27000 -2805
3000 additional share is allocated for Serial no 6 in the ratio of 1:3 1 3 3000 3000
30000 4 4.17 120000 5.01 44155 11038.75 9000.00 1 1 4 36000 -8155
3000 additional share is allocated for Serial no 7 in the ratio of 3:4 3 4 9000 9000
39000 2 2.08 78000 3.25 28701 14350.50 12000.00 1 1 2 24000 -4701
3000 additional share is allocated for Serial no 8 in the ratio of 1:2 1 2 3000 3000
42000 1 1.04 42000 1.75 15454 15454.00 15000.00 1 1 1 15000 -454
48000 2 2.08 96000 4.01 35324 17662.00 18000.00 1 1 2 36000 676
69000 1 1.04 69000 2.88 25389 25389.00 24000.00 1 1 1 24000 -1389
81000 1 1.04 81000 3.38 29805 29805.00 30000.00 1 1 1 30000 195
135000 2 2.08 270000 11.26 99349 49674.50 48000.00 1 1 2 96000 -3349
3000 additional share is allocated for Serial no 13 in the ratio ot 1:2 1 2 3000 3000
189000 1 1.04 189000 7.88 69544 69544.00 69000.00 1 1 1 69000 -544
300000 1 1.04 300000 12.52 110388 110388.00 111000.00 1 1 1 111000 612
324000 1 1.04 324000 13.52 119219 119219.00 120000.00 1 1 1 120000 781
Grand Total 96 100 2397000 100 882000 87 882000 -

The Board of Directors of the Company at its meeting held on March 17,2021 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for allotment of the Equity Shares to various successful applicants.

The Refund/allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or about March 18,2021. Further, the instructions to Self Certified Syndicate Banks for unblocking the funds have been shared on March 17, 2021. In case the same is not received within ten days, investors may contact Registrar 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 SME Platform of BSE Limited 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 March 02, 2021 ("Prospectus").

In terms of Prospectus dated March 02, 2021 and as per Regulation 253 of SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the Net Issue of shares to Public shall initially be made available for allotment to a) Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to b) individual applicants other than retail investors and other investors including corporate bodies / institutions irrespective of number of shares applied for. The unsubscribed portion of the net issue 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: Chapter IX, part VIII (253) of SEBI (ICDR) Regulation, 2018. 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.

INVESTORS PLEASE NOTE:

The details of the allotment made would also be hosted on the website of the Registrar to the Issue Link Intime Private Limited 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 applicants, serial number of the Application Form, number of shares applied for and Bank Branch where the application had been lodged and payment details atthe address of the Registrar given below:

wpe41.jpg (1823 bytes) LINK INTIME INDIA PRIVATE LIMITED
Address:- C-101,1 Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai, Maharashtra, INDIA-400083
Tel No.: +91-022-49186200: Fax No.: +91-022-49186060 Email: kmewl.ipo@linkintime.co.in; Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan: SEBI Regn. No. INR000004058
For and on behalf of the Board of Directors
KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED
Sd/-
Place: Mumbai, Maharashtra Ms Sonali Chetan Gor,
Date: March 18, 2021 Company Secretary & Compliance Officer

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OFTHE KNOWLEDGE MARINE & ENGINEERING WORKS LIMITED.



KMEW IPO Basis of Allotment FAQs

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

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

Visit the KMEW 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 KMEW IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).