August 29, 2016 - September 2, 2016

Madhya Bharat Agro IPO Basis of Allotment

MADHYA BHARAT AGRO PRODUCTS LIMITED

Corporate Identity Number: U24121RJ1997PLC029126

Our Company was originally incorporated on October 22,1997 as 'Madhya Bharat Agro Products Private Limited' vide Registration no. 10-12401 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Madhya Pradesh, Gwalior. Our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on May 1, 1999 and the name of our company was changed to 'Madhya Bharat Agro Products Limited' vide a fresh Certificate of incorporation dated June 11,1999, issued by the Registrar of Companies, Madhya Pradesh, Gwalior having CIN U24121MP1997PLC012401. Further the Registered Office of the Company was changed to Bhilwara, Rajasthan from Indore, Madhya Pradesh and fresh certificate for change in Registered Office was issued by Registrar of Companies, Rajasthan, Jaipur dated May 05, 2009 having CIN U24121RJ1997PLC029126. For details of the changes in our Name and Registered Office, please see section titled 'History and Certain Corporate Matters' on page 141 of the Prospectus.
Registered & Corporate Office: 5-0-21, Basement, R. C. Vyas Colony, Bhilwara-311001, Rajasthan, India. Tel No.: +91-1482-237104; Fax No.: +91-1482-239638;
E-mail: secretarial@mbapl.com; Website: www.mbapl.com; Contact Person: Ms. Pallavi Sukhwal (Company Secretary & Compliance Officer)

PROMOTER OF OUR COMPANY: MR. PANKAJ OSTWAL, MR. PRAVEEN OSTWAL, SEASONS AGRO CHEM INDIA PRIVATE LIMITED & OSTWAL PHOSCHEM (INDIA) LIMITED

BASIS OF ALLOTMENT

PUBLIC OFFER OF 57,90,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF MADHYA BHARAT AGRO PRODUCTS LIMITED ('OUR COMPANY') FOR CASH AT A PRICE OF RS 24 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 14 PER EQUITY SHARE) ('OFFER PRICE') AGGREGATING TO RS 1389.60 LAKHS ('THE OFFER') THROUGH AN OFFER FOR SALE BY MR. PANKAJ OSTWAL, MRS. SHASHI JAIN & MRS. AMITA MEHTA, MRS. SHASHI JAIN & MR. DHARMESH MEHTA, SEASONS AGRO CHEM INDIA PRIVATE LIMITED, OSTWAL PHOSCHEM (INDIA) LIMITED, PANERI TEXTILES PRIVATE LIMITED AND CHUNRI PRINTS PRIVATE LIMITED (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS INCLUDING PROMOTERS) OF WHICH 2,94,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR A CASH PRICE OF RS 24 PER EQUITY SHARE, AGGREGATING TO RS 70.56 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE OFFER LESS THE MARKET MAKER RESERVATION PORTION I.E. OFFER OF 54,96,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH AT AN OFFER PRICE OF RS 24 PER EQUITY SHARE AGGREGATING TO RS 1319.04 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'). THE OFFER AND THE NET OFFER WILL CONSTITUTE 26.43% AND 25.09%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE OFFER' BEGINNING ON PAGE 256 OF THE PROSPECTUS.

THIS OFFER IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED FROM TIME TO TIME. THIS OFFER IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATION 2009, AS AMENDED. FOR FURTHER DETAILS PLEASE REFER TO SECTION TITLED 'OFFER PROCEDURE' BEGINNING ON PAGE 264 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE OFFER PRICE IS RS 24.
THE OFFER PRICE IS 2.4 TIMES OF THE FACE VALUE.

OFFER	OPENED ON: MONDAY, AUGUST 29, 2016
	CLOSED ON: FRIDAY, SEPTEMBER 02, 2016

PROPOSED LISTING: SEPTEMBER 12,2016

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this Offer. However, our company has received an in-principle approval letter dated July 26, 2016 from National Stock Exchange of India Limited for using its name in offer document for listing of our shares on the SME Platform of National Stock Exchange of India Limited. For the purpose of this Offer, the Designated Stock Exchange will be the National Stock Exchange of India Limited ('NSE EMERGE'). The trading is proposed to be commenced on or about September 12, 2016.*

*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

All Applicants were allowed to participate in the Offer through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Offer has received 5037 applications for 4,27,08,000 Equity Shares resulting in 7.38 times subscription (including reserved portion of market maker). The details of the applications received in the Offer (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection):

Category	Number of Applications	%	Number of Equity Shares	%	Subscription (Times)
Market Makers	1	0.02	2,94,000	0.69	1
Retail Individual Investors	4869	96.66	2,92,14,000	68.40	10.63
Other than Retail Individual Investors	167	3.32	1,32,00,000	30.91	4.80
TOTAL	5037	100	4,27,08,000	100	7.38

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

Category	No. of Applications	No. of Equity Shares
Market Makers	Nil	Nil
Retail Individual Investors	130	7,80,000
Other than Retail Individual Investors	7	2,16,000
TOTAL	137	9,96,000

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

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Market Maker	1	100	2,94,000	2,94,000	100	1.00
Total	1	100	2,94,000	2,94,000	100	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size (After rounding off)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual Investors	4739	96.73	27,48,000	37,74,000	2,84,34,000	68.65	7.53
Other than Retail Individual Investors	160	3.27	27,48,000	17,22,000	1,29,84,000	31.35	7.54
Total	4899	100	54,96,000	54,96,000	4,14,18,000	100

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on September 07, 2016

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Offer price of Rs 24 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,94,000 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 Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful Applicants (After rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
2,94,000	1	100.00	2,94,000	100.00	2,94,000	2,94,000	2,94,000	1	1	1	2,94,000	-
TOTAL	1	100.00	2,94,000	100.00	2,94,000	2,94,000	2,94,000	1	1	1	2,94,000	-

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Offer price of Rs 24 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 7.53 times i.e. for 2,84,34,000 Equity Shares. Total number of shares allotted in this category is 37,74,000 Equity Shares to 629 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 Equity Shares applied in this Category	% of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful Applicants (After rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
6,000	4739	100.00	2,84,34,000	100.00	37,74,000	796.37	6000	13	98	629	37,74,000	-
TOTAL	4739	100.00	2,84,34,000	100.00	37,74,000	796.37	6000	13	98	629	37,74,000	-

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the Offer price of Rs 24 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 7.54 times i.e. for 1,29,84,000 shares the total number of shares allotted in this category is 17,22,000 Equity Shares to 108 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 Equity Shares applied in this Category	% Of total	Proportionate Shares Available	Allocation per Applicant (Before Rounding Off)	Allocation per Applicant (After Rounding Off)	Ratio of Allottees to Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful Applicants (After rounding off)	Total No. of Equity Shares allocated/ allotted	No. Of Shares Surplus/ Deficit
12,000	32	20.00	3,84,000	2.96	50,928	1591.50	6000	1	4	8	48000	-2928
18,000	29	18.13	5,22,000	4.02	69,230	2387.25	6000	12	29	12	72000	2770
24,000	9	5.63	2,16,000	1.66	28,647	3182.99	6000	5	9	5	30000	1353
30,000	9	5.63	2,70,000	2.08	35,809	3978.74	6000	2	3	6	36000	191
36,000	13	8.13	4,68,000	3.60	62,068	4774.49	6000	10	13	10	60000	-2068
42,000	15	9.38	6,30,000	4.85	83,554	5570.24	6000	14	15	14	84000	446
48,000	2	1.25	96,000	0.74	12,732	6365.99	6000	1	1	2	12000	-732
54,000	2	1.25	1,08,000	0.83	14,323	7161.74	6000	1	1	2	12000	-2323
60,000	7	4.38	4,20,000	3.23	55,702	7957.49	6000	1	1	7	42000	-13702
60,000							6000	2	7		12000	12000
66,000	5	3.13	3,30,000	2.54	43,766	8753.23	6000	1	1	5	30000	-13766
66,000							6000	2	5		12000	12000
72,000	6	3.75	4,32,000	3.33	57,294	9548.98	6000	1	1	6	36000	-21294
72,000							6000	2	3		24000	24000
78,000	1	0.63	78,000	0.60	10,345	10344.73	12000	1	1	1	12000	1655
84,000	1	0.63	84,000	0.65	11,140	11140.48	12000	1	1	1	12000	860
1,02,000	1	0.63	1,02,000	0.79	13,528	13527.73	12000	1	1	1	12000	-1528
1,14,000	2	1.25	2,28,000	1.76	30,238	15119.22	12000	1	1	2	24000	-6238
1,14,000							6000	1	2		6000	6000
1,20,000	4	2.50	4,80,000	3.70	63,660	15914.97	12000	1	1	4	48000	-15660
1,20,000							6000	3	4		18000	18000
1,62,000	1	0.63	1,62,000	1.25	21,485	21485.21	24000	1	1	1	24000	2515
1,68,000	1	0.63	1,68,000	1.29	22,281	22280.96	24000	1	1	1	24000	1719
1,80,000	6	3.75	10,80,000	8.32	1,43,235	23872.46	24000	1	1	6	144000	765
2,46,000	1	0.63	2,46,000	1.89	32,626	32625.69	30000	1	1	1	30000	-2626
2,88,000	1	0.63	2,88,000	2.22	38,196	38195.93	36000	1	1	1	36000	-2196
3,12,000	2	1.25	6,24,000	4.81	82,758	41378.93	42000	1	1		84000	1242
4,14,000	1	0.63	4,14,000	3.19	54,907	54906.65	54000	1	1	1	54000	-907
4,80,000	1	0.63	4,80,000	3.70	63,660	63659.89	66000	1	1	1	66000	2340
5,04,000	1	0.63	5,04,000	3.88	66,843	66842.88	66000	1	1	1	66000	-843
5,40,000	1	0.63	5,40,000	4.16	71,617	71617.38	72000	1	1	1	72000	383
5,70,000	2	1.25	11,40,000	8.78	1,51,192	75596.12	72000	1	1	2	144000	-7192
5,70,000							6000	1	2		6000	6000
6,00,000	1	0.63	6,00,000	4.62	79,575	79574.86	78000	1	1	1	78000	-1575
6,30,000	3	1.88	18,90,000	14.56	2,50,661	83553.60	84000	1	1	3	252000	1339
TOTAL	160	100.00	1,29,84,000	100JB	17,22,000					103	1722000	-

The Board of Directors of the Company at its meeting held on September 08, 2016 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories/as filled in the application form on or before September 09, 2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been processed on or prior to September 09, 2016. In case the same is not received within 10 days, investors may contact 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 the SME Platform of National Stock Exchange of India Limited (NSE EMERGE) within six working days from the date of the closure of the Offer.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated August 17, 2016 ('Prospectus')

INVESTORS PLEASE NOTE:
The details of the allotment made would also be hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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 at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E-2, Ansa Industrial Estate, Sakhivihar Road, Sakinaka, Andheri (East), Mumbai-400 072, Maharashtra, India
Tel No.: +91-22-4043 0200; Fax No.: +91-22-2847 5201; Email: ipo@bigshareonline.com; Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com; Contact Person: Mr. Ashok Shetty SEBI Regn. No.: MB/INR000001385

Place: Bhilwara Date : September 8, 2016	For MADHYA BHARAT AGRO PRODUCTS LIMITED On behalf of Board of Directors Sd/- Pankaj Ostwal Managing Director

Madhya Bharat Agro IPO Basis of Allotment FAQs

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

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

Visit the Madhya Bharat Agro IPO allotment status page to check the number of shares allocated to your application.

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