MRC Exim IPO Basis of Allotment

MRC EXIM LIMITED
Corporate Identification Number: U74999MH2015PLC260005

Our Company was originally incorporated as a public limited company under the Companies Ad. 2013 pursuant to a certificate of incorporation issued by the Registrar of Companies., Maharashtra, Mumbai dated October 12.2015 with the name 'MRC Exim Limited'. For further details of our Company, see 'General Information' and 'Hisiory and Certain Other Corporate Matters' on pages 33 and 70 respectively.

Registered Office: 106. Siddhesh Apartment. 2nd Khattar gali Thakurdwar Road, Chami Road East. Mumbai - 400 004, Maharashtra. India
Tel: +91 22 2203 1638; Fax: +91 22 2203 1638; E-mail: info@mrcexim.co.in; Website: www.mrcexim.co.in
Contact Person : Rekha Rani Naraniwal, Company Secretary and Compliance Officer

PROMOTER: KIRIT KUMAR SHAH AND CHANDU K. JAIN

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 30,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF MRC EXIM LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 15.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 5.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 450.00 LAKHS ('THE ISSUE') OF THE ISSUE. 1,52,000 EQUITY SHARES AGGREGATING TO RS 22.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 28.48.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 15.00 PER EQUITY SHARE AGGREGATING TO RS 427.20 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WlLL CONSTITUTE 28.79% AND 27.33%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE. AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE 'SEBI REGULATIONS'), OUT OF THE NET ISSUE OF 28,48,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVESTORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORTIONATE BASIS.THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.

THE FACE VALUE OF THE EQUITY SHARES IS RS10 EACH AND
THE ISSUE PRICE OF RS 15 IS 1.5 TIMES OF THE FACE VALUE
ISSUE OPENED ON DECEMBER 6, 2017 AND CLOSED ON DECEMBER 8, 2017
PROPOSED LISTING: MONDAY, DECEMBER 18, 2017

The Equity Shares offered through this Prospectus are propose to be listed on the SME Platform of BSE. In terms of the Chapter XB of the SEBI (ICDR) Regu lations, 2009, as amended from time to time we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated November 14.2017 from BSE for using its name in this Prospectus for listing of our Equity Shares on the SME Platform of BSE. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from MONDAY, DECEMBER 18.2017*.
* Subject to receipt of listing and trading approvals from the BSE.
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 1791 applications (after removing applications not banked) for 1, 59,76,000 Equity Shares resulting in 5.325 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection)

The details of applications rejected by the Registrar on technical grounds/ withdrawal are detailed below: Technical rejection /Withdrawal

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications: After technical rejections

*Retail individual investor has subscribed to the extend 89.11% of the net issue. Hence they were offered 89.11% of net Issue of 28.48.000 shares i.e. 25,44,060 shares (after round in off) and balance 10.89% of the net issue aggregating to 3,04,000 shares were offered to non -retail category.
Allocation: The Basis of Allotment was finalized In consultation with the Designated Stock Exchange - BSE on December 14,2017.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs.15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times, The total number of shares allotted in this category is 1,52,000 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 Rs. 15/- per Equity Share was finalized in consultation with BSE. The category was subscribed 5.456 times. The total number of shares allotted in this category
is 25,44,000 Equity Shares to 318 successful applicants. The retail category has applied for 89.11 % of the valid applications under the net offer to public. The Category-wise details of the Basis of Allotment are as under:

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 15/-per Equity Share, was finalized in consultation with BSE The category was subscribed 5.579 times. The total number of shares allotted in this category is 3,04,000 Equity Shares. The Category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on December 14,2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE 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 are dispatched to the address of the Applicants as registered with the depositories on or before December 15.2017. Further. the Instructions to Self Certified Syndicate Banks are processed on or prior to December 15.2017. 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 within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not defined hereinshall have the respective meaning assigned to them in the Prospectus dated November 26,2017 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED at www.purvashare.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:

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
No. 9, Shiv Shakti Ind. Estate, Gr. floor, J. R. Boricha Marg, Lower Parel, Mumbai-400 011
Tel: +91 22 2301 6761/8261;Fax: +91 22 2301 2517
Email: busicomp@vsnl.com; Website: www.purvashare.com
SEBI Regn No. INR000001112: Contact Person: Mr. Rajesh Shah