Mahabir Metallex IPO Basis of Allotment

MAHABIR METALLEX LIMITED

Corporate Identity Number: U28112DL2003PLC118413

Our Company was incorporated as 'Apollo Fittings Private Limited' under the provisions of the Companies Act, 1956 vide certificate of incorporation dated January 10,2003 bearing Registration No. 118413, in New Delhi. Subsequently, the name of our Company was changed to Mahabir Metallex Private Limited vide fresh Certificate of Incorporation dated January 13,2014. Further, our Company was converted into a public limited company vide fresh Certificate of Incorporation dated February 07,2014 and consequently the name of our Company was changed to Mahabir Metallex Limited. The Corporate Identification Number of Our Company is U28112DL2003PLC118413. For details of change in registered office of our Company please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 99 of the Prospectus.

Registered Office: A-3, NDSE, Part I, New Delhi, Delhi -110 049
Tel. No.: +91 1141070148; E-mail: info@mahabirnetallex.com; Website: www.mahabirmetallex.com
Contact Person: Ms. Surbhi Arora, Company Secretary and Compliance Officer.

PROMOTERS OF THE COMPANY: MR. MANOJ GUPTA AND MRS. ANJU GUPTA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 39,00,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH FULLY PAID OF MAHABIR METALLEX LIMITED ('MAHABIR' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 10/- PER EQUITY SHARE AT PAR (THE 'ISSUE PRICE') AGGREGATING Rs 390.00 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 2,00,000 EQUITY SHARES OF RS 10/- FULLY PAID EACH 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 37,00,000 EQUITY SHARES OF Rs 10/- EACH FULLY PAID IS HERE IN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 37.39% AND 35.48%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 178 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH. THE ISSUE PRICE IS RS 10/-.
THE ISSUE PRICE IS 1 TIME OF THE FACE VALUE.

ISSUE OPENED ON MARCH 09, 2015

CLOSED ON MARCH 12, 2015

PROPOSED LISTING: FRIDAY, MARCH 27,2015

The Equity Shares offered through the Prospectus are proposed to be listed on the BSE SME Platform. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principle listing approval for the shares being offered in the issue. However, our Company has received an approval letter dated December 18,2014 from BSE for using its name in the offer document for listing of the Equity Shares on the SME Platform of BSE. For the purpose of the Issue, the Designated Stock Exchange will be the BSE Limited ('BSE'). The trading is proposed to be commenced with effect from Friday, March 27,2015.

'Subject to receipt of listing and trading approvals from the BSE Limited.

All Applicants were allowed to participate 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 149 applications for 46,70,000 Equity Shares resulting in 1.20 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections and after cheque returns) are as follows: Details of the Applications Received (Before Technical Rejection & After Cheque Return):

Category	No. of Applicants	%	No. of Equity Shares	%	Subscription (Times)
Market Maker	1	0.67	2,00,000	4.28	1.00
Retail Individual Investors	106	71.14	14,60,000	31.26	0.789
Other than Retail Individual Investors	42	28.19	30,10,000	64.46	1.627
Total	149	100.00	46,70,000	100.00	1.20

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

Category	No. of Applications	No. of Equity Shares
Market Maker	NIL	00
Retail Individual Investors	2	20,000
Other than Retail Individual Investors	2	80,000
Total	4	1,00,000

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

Category	No. of Applications	%	Issue Size (as per Prospectus)	No. of Valid Shares Applied	Subscription (Times)
Market Maker	1	0.69	2,00,000	2,00,000	1.00
Retail Individual Investors	104	71.72	18,50,000	14,40,000	0.778
Other than Retail Individual Investors	40	27.59	18,50,000	29,30,000	1.296
Total	145	100.00	39,00,000	45,70,000	1.17

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 20,2015.

A Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category are 2,00,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs10/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 0.778 times. The total number of shares allotted in this category are 14,40,000
Equity Shares to 104 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 applicants (after rounding off)	Total no. of Shares Allocated/ allotted	No. of Shares Surplus/ Deficit
10,000	64	61.54	6,40,000	44.44	8,22,222	10,000	10,000	1	1	64	6,40,000 -1,82,222
20,000	40	38.46	8,00,000	55.56	10,27,778	20,000	20,000	1	1	40	8,00,000	-2,27,778
Total	104	100.00	14,40,000	100.00	18,50,000					104	14,40,000	-4,10,000

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal):
The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs10/- per Equity Share, was finalized in consultation with BSE. The category was subscribed 1.296 times. The total number of shares allotted in this category are 22,60,000 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	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 applicants (after rounding off)	Total no. of Shares Allocated/ allotted	No. Of Shares Surplus/ Deficit
30,000	5	12.50	1,50,000	5.12	1,15,700	23,139.93	20,000	1	1	5	1,00,000	-15,700
40,000	7	17.50	2,80,000	9.56	2,15,973	30,853.24	30,000	1	1	7	2,10,000	-5,973
50,000	13	32.50	6,50,000	22.18	5,01,365	38,566.55	40,000	1	1	13	5,20,000	18,635
60,000	1	2.50	60,000	2.05	46,280	46,279.86	50,000	1	1	1	50,000	3,720
70,000	3	7.50	2,10,000	7.17	1,61,980	53,993.17	50,000	1	1	3	1,50,000	-11,980
80,000	1	2.50	80,000	2.73	61,706	61,706.48	60,000	1	1	1	60,000	-1,706
1,50,000	10	25.00	15,00,000	51.19	11,56,996	1,15,699.66	1,10,000	1	1	10	11,00,000	-56,996
1,50,000							10,000	7	10		70,000	70,000
Total	40	100.00	29,30,000	100.00	22,60,000					40	22,60,000	00

The Board of Directors of the Company at its meeting held on March 20,2015 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Ltd and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before March 24,2015. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to March 25,2015. 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 the SME Platform of BSE Limited within twelve 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 February 16,2015 ('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 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
E2 Ansa Estate, Sakivihar Road, Sakinaka, Andheri East, Mumbai - 400 072
Tel.: +91 22 4043 0200; Fax.: +9122 2847 5207
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Vipin Gupta
SEBI Registration No.: INR000001385

Date : March 20,2015 Place : New Delhi	For MAHABIR METALLEX LIMITED On Behalf of the Board of Directors Sd/- Managing Director

Mahabir Metallex IPO Basis of Allotment FAQs

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

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

Visit the Mahabir Metallex IPO allotment status page to check the number of shares allocated to your application.

Mahabir Metallex IPO Basis of Allotment

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