Manav infra projects IPO Basis of Allotment

MANAV INFRA PROJECTS LIMITED
(CIN- U45200MH2009PLC193084)

Our Company was originally incorporated at Mumbai as 'Manav Infra Projects Private Limited' on 8th June, 2009 under the provisions of the Companies Act. 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Mumbai. Maharashtra. Subsequently, our Company was converted Into a public limited company vide a Fresh Certificate of incorporation dated 2nd February, 2017 was issued by the Registrar of Companies, Mumbai. Maharashtra. For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled 'General Information' and 'Our History and Corporate Structure' beginnmp on pages 37 and 114 respectively of the Prospectus.

Registered Office: 308, 3rd Floor, Blue Rose Industrial Premises Co-Op Society, Western Express Highway, Borivali East, Mumbai-400066, Maharashtra, India
Tel: +91-22-28540694; Email: mio@man3vinfra.com; Website: www.manavinfra.com; Company Secretary & Compliance Officer; Ms. Priyanka Agarwal

PROMOTER OF OUR COMPANY: MR. MAHENDRA NARAYAN RAJU

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF MANAV INFRA PROJECTS LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 30 PER EQUITY SHARE. INCLUDING A SHARE PREMIUM OF RS. 20 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 550.80 LAKHS ('THE ISSUE'). OF WHICH 92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 30 PER EQUITY SHARE AGGREGATING RS. 27.60 LAKHS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKETMAKER RESERVATION PORTION I.E. ISSUE OF 17,44,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH CASH AT A PRICE OF RS. 30 PER EQUITY SHARE, AGGREGATING RS, 523.20 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE', THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.86% AND 25.51% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY

In terms of Prospectus dated 18th August, 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be initially made available to Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies/ institutions irrespective of no. of shares applied for The unsubscribed portion of the net offer 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: For the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, 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.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND
THE ISSUE PRICE IS RS. 30/- EACH. THE ISSUE PRICE IS 3.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON 4TH SEPTEMBER, 2017 AND CLOSED ON 8TH SEPTEMBER, 2017

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of National Stock ExChange of India Limited ('NSE') in terms of the chapter XB of the SEBI (ICDR) Regulations. 2009 as amended from time to time, Company has received In-Pnnciple approval letter dated 18th August, 2017 from NSE for using its name in the offer document for listing of our Shares on the EMERGE platform of NSE. The designated stock exchange is National Stock Exchange of India Limited ('NSE').
All Applicants are mandatorily to participate in the Issue 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 Issue has received 1173 applications for 51,52,000 Equity Shares (Including Market Maker Application of 92,000 Equity Shares) resulting 2.806 times subscription. Two (2) applications of aggregating 8,000 Equity Shares were not banked and One (1) application of 4,000 Equity Shares were bid duplicate and hence 1170 applications for 51,40,000 Equity Shares (Including Market Maker Application of 92,000 Equity Shares) resulting 2.800 times subscription was considered. The details ol the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection & withdrawal of application}:

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

Details of the Valid Applications Received (AfterTechnical Rejection & withdrawal);

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited ('NSE') on 13th September, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price og  Rs. 30/- per Equity Shane, was finalised in consultation with NSE The category was subscribed by 1.000 time. The total number of shares allotted in this category is 92,000 Equity shares in full out of reserved portion ol 92.000 Equity Shanes.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs. 30/- per Equity Share, was finalized in consultation with NSE The category was subscribed by 2.843 times. Total number of shares allotted in this category is 16,04,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price ol Rs. 30/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 2.886 times. Total number of shares allotted in this category is 1,40,000 Equity Shares. The category wise basis of allotment is as under.

The Board of Directors of the Company at its meeting held on 13th September, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares/ dispatch of share certificates to various successful applicants.
The allotment advice cum refund intimation will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks being processed on or before 14th September, 2017. 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 EMERGE Platform of NSE within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before 18th September, 2017 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Karvy Computershare Private Limited at 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 ASBA Bank details at the address of the Registrar given below:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District,
Nanakramguda, Hyderabad 500 032
Tel: +91 40 6716 2222. Fax: + 91 40 2343 1551
Email: nanavinfraprojects.ipo@karvy.com : Website: www.karisma.kavy,com
Contact Person: Mr. M Murali Krishna; SEBI Registration: INR000000221