Marvel Decor IPO Basis of Allotment

MARVEL DECOR LIMITED

Corporate Identification Number: U18109GJ1996PLC030870

Our Company was incorporated as Modele Blinds and Components Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated October 04,1996, issued by Registrar of Companies, Gujarat, Ahmedabad. Subsequently, the name of our Company was changed from Modele Blinds and Components Private Limited to Accumax Interior Products Private Limited vide shareholder's approval on June 12,2000 and certificate of incorporation dated June 30,2000, issued by Registrar of Companies, Gujarat, Ahmedabad. Further, the name of our Company was changed from Accumax Interior Products Private Limited to Marvel Decor Private Limited vide shareholder's approval on December 04,2017 and vide fresh certificate of incorporation dated January 05, 2018, issued by Registrar of Companies, Gujarat, Ahmedabad. Subsequently, the name of our Company was changed to Marvel Decor Limited pursuant to conversion into a public company vide shareholder's approval on January 05,2018 and fresh certificate of incorporation dated January 23,2018, issued by Registrar of Companies, Gujarat, Ahmedabad. The Corporate Identification Number of Our Company is U18109GJ1996PLC030870. For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 148 of the Prospectus.

Registered Office: Plot No 211 GIDC Phase II, Dared Jamnagar-361004, Gujarat, India.
Tel No.: +91 288 2730601/602 | Fax: +91 288 2730603 | E-mail: info@marvellifestyle.com | Website: www.marvellifestyle.com
Contact Person: Mr. Ashok Ramniklal Paun, Chairman & Managing Director and Ms. Meera Keval Gudka, Company Secretary & Compliance Officer

PROMOTERS OF THE COMPANY: MR. ASHOK RAMNIKLAL PAUN AND MR. DIPAK RAMNIKLAL PAUN

PROPOSED LISTING: FRIDAY, MARCH 23,2018*

The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ('NSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated February 28, 2018 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform.
For the 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, March 23,2018.*

*Subject to receipt of listing and trading approvals from 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 913 applications for 6062000 Equity Shares resulting in 1.31 times subscription (including reserved portion of Market Maker and Eligible Employees). The details of the applications received in the Issue (before technical rejections) are as follows:
Details of the Applications Received (Before Technical Rejection):

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

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

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 20,2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 57 per Equity 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 236000 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 Rs 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.75 times. The total number of shares allotted in this category is 1598000 Equity Shares to 799 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

* The under subscribed 5,42,000 Equity Shares from Retail Individual Investors Category have been spilled over to Other than Retail Individual Investors Category.
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 57 per Equity Share, was finalized in consultation with NSE. The category was subscribed 1.48 times. The total number of shares allotted in this category is 2734000 Equity Shares to 61 successful applicants.
The Category-wise details ol the Basis of Allotment are as under:

Includes original reservation of 2140000 Equity Shares and spill over from Retail Individual Investors Category of 542000 Equity Shares & Eligible Employees Category of 52000 Equity shares.
D. Allocation to Eligible Employees (After Technical Rejections): The Basis of Allotment to the Eligible Employees at the issue price of Rs 52 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 0.48 times. The total number of shares allotted in this category is 48000 Equity Shares to 24 successful applicants.
The Category-wise details of the Basis of Allotment are as under:

'The under subscribed portion of 52000 Equity shares from Eligible Employee Category have been spilled over to Other than Retail Individual Investors Category. The Board of Directors of the Company at its meeting held on March 20,2018 has taken on record the Basis of Allocation of Equity 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 Equity 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 March 22,2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to March 22,2018. In case the same is not received within four working 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 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 March 07,2018 ('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
Bharat Tin Works Bldg, 1st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East), Mumbai-4000059.
Tel: +91 22 62638200 | Fax: +91 22 62638299 | E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com | Contact Person: Mr. Ashok Shetty | SEBI Registration No.: INR000001385