February 20, 2017 - March 1, 2017

Nitiraj Engineers IPO Basis of Allotment

NITIRAJ ENGINEERS LIMITED

Corporate Identity Number: U31909MH1999PLC119231

Our Company was originally incorporated as Nitiraj Engineers Private Limited under Part IX of the Companies Act, 1956 and the Certificate of Incorporation was issued by trie Assistant Registrar of Companies, Maharashtra, Mumbai on April 1,1999. Subsequently, our Company was converted into a Public Limited Company pursuant to Shareholders' Resolution passed at the Extra Ordinary General Meeting of Members of the Company held on June 8,2015 and the name of our Company was changed to Nitiraj Engineers Limited vide a fresh Certificate of Incorporation dated June 22,2015 issued by the Deputy Registrar of Companies, Maharashtra, Mumbai. For details of the changes in our Name, Registered Office and other details, please see section titled "History and Certain Other Corporate Information" on page 122 of the Prospectus.
Registered Office: 306A Bhabha Building, N. M. Joshi Marg, Delisle Road, Near Police Station, Mumbai - 400 011 | Tel.: 022-23094161.
Corporate Office: City Survey No. 496 A/3,4 Behind Gurudwara, Mumbai - Agra Road, Dhule - 424 001 Maharashtra | Tel.: 02562-239080,239046
Fax: 02562-239332 | e-mail: investor@nitiraj.net | Website: www.nitiraj.net | Contact Person: Ms. Rachna Kothari, Company Secretary & Compliance Officer

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 22,00,800 EQUITY SHARES OF RS 10 EACH OF NITIRAJ ENGINEERS LIMITED ("THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 100 PER SHARE (THE "ISSUE PRICE"), AGGREGATING TO RS 2,200.80 LACS ("THE ISSUE"), OF WHICH, 1,10,400 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. ISSUE OF 20,90,400 EQUITY SHARES OF RS 10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.84% AND 25.49%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.
THIS ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, (THE "SEBI ICDR REGULATIONS"). AS AMENDED, FOR FURTHER DETAILS PLEASE SEE THE SECTION TITLED "TERMS AND PROCEDURE OF THE ISSUE " BEGINNING ON PAGE NO. 199 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
THE ISSUE PRICE IS 10.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON MONDAY, FEBRUARY 20, 2017 AND CLOSED ON WEDNESDAY, MARCH 1,2017.
PROPOSED LISTING: MARCH 9, 2017

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE") ("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 Issue. However, our company has received an approval letter dated September 16,2016 from NSE for using its name in Issue document for listing of our shares on the SME Platform of National Stock Exchange of India Limited. For the purpose of this Issue, 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 March 9,2017, subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

All Applicants were allowed to participate in tile 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").

The Issue has received 1,095 applications for 28,03,200 Equity Shares resulting in 1.27 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):

Category	No. of Applications	%	No. of Equity Shares	%	Subscription (Times)
Market Makers	1	0.10	1,10,400	3.94	1.00
Retail Individual Investors	979	89.40	11,74,800	41.91	1.123
Other than Retail Individual Investors	115	10.50	15,18,000	54.15	1.452
TOTAL	1,095	100.00	28,03,200	100.00

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	22	26,400
Other than Retail Individual Investors	4	7,200
Total	26	33,600

After eliminating technically rejected applications, the following tables give us category 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	1,10,400	1,10,400	100	1.00
Total	1	100	1,10,400	1,10,400	100	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual Investors	957	89.60	10,45,200	11,48,400	43.19	1.098
Other than Retail Individual Investors	111	10.40	10,45,200	15,10,800	56.81	1.445
Total	1,068	100.00	20,90,400	26,59,200	100.00	-

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 6,2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs 100 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 1,10,400 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 Applicants Ratio 1	Ratio of Allottees to Applicants Ratio 2	Number of Successful \|applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
1,10,400	1	100.00	1,10,400	100.00	1,10,400	1,10,400	1	1	1	1	1,10,400	-
TOTAL	1	100.00	1,10,400	100.00	1,10,400	1,10,400	1	1	1	1	1,10,400	-

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of ? 100 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.098 times i.e. for 11,48,400 Equity Shares. Total number of shares allotted in this category is 10,45,200 Equity Shares to 871 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 Applicants Ratio 1	Ratio of Allottees to Applicants Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. Of Shares Surplus/ Deficit
1200	957	100.00	11,48,400	100.00	10,45,200	1092.16	1,200	871	957	871	10,45,200	-
TOTAL	957	100.00	11,48,400	100.00	10,45,200	1092.16	1,200	871	957	871	10,45,200	-

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the Issue price of Rs 100 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.445 times i.e. for 15,10,800 shares. The total number of shares allotted in this category is 10,45,200 Equity Shares to 111 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 Applicants Ratio 1	Ratio of Allottees Applicants Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. Of Shares Surplus/ Deficit
2,400	38	34.23	91,200	6.04%	63,094	1,660.37	1,200	1	1	38	45,600	-17,494
2,400			-				1,200	15	38		18,000	18,000
3,600	13	11.71	46,800	3.10%	32,377	2,490.55	2,400	1	1	13	31,200	-1,177
4,800	9	8.11	43,200	2.86%	29,887	3,320.73	3,600	1	1	9	32,400	2,513
6,000	10	9.01	60,000	3.97%	41,509	4,150.91	3,600	1	1	10	36,000	-5,509
7,200	1	0.90	7,200	0.48%	4,981	4,981.10	4,800	1	1	1	4,800	-181
8,400	1	0.90	8,400	0.56%	5,811	5,811.28	6,000	1	1	1	6,000	189
9,600	3	2.70	28,800	1.91%	19,924	6,641.46	7,200	1	1	3	21,600	1,676
10,800	3	2.70	32,400	2.14%	22,415	7,471.64	7,200	1	1	3	21,600	-815
12,000	4	3.60	48,000	3.18%	33,207	8,301.83	8,400	1	1	4	33,600	393
13,200	1	0.90	13,200	0.87%	9,132	9,132.01	9,600	1	1	1	9,600	468
14,400	2	1.80	28,800	1.91%	19,924	9,962.19	9,600	1	1	2	19,200	-724
19,200	2	1.80	38,400	2.54%	26,566	13,282.92	13,200	1	1	2	26,400	-166
20,400	1	0.90	20,400	1.35%	14,113	14,113.11	14,400	1	1	1	14,400	287
24,000	4	3.60	96,000	6.35%	66,415	16,603.65	16,800	1	1	4	67,200	785
25,200	4	3.60	100,800	6.67%	69,735	17,433.84	18,000	1	1	4	72,000	2,265
30,000	1	0.90	30,000	1.99%	20,755	20,754.57	20,400	1	1	1	20,400	-355
36,000	1	0.90	36,000	2.38%	24,905	24,905.48	25,200	1	1	1	25,200	295
44,400	1	0.90	44,400	2.94%	30,717	30,716.76	31,200	1	1	1	31,200	483
45,600	5	4.50	228,000	15.09%	1,57,735	31,546.94	31,200	1	1	5	1,56,000	-1,735
48,000	2	1.80	96,000	6.35%	66,415	33,207.31	33,600	1	1	2	67,200	785
66,000	1	0.91	66,000	4.37%	45,660	45,660.05	45,600	1	1	1	45,600	-60
75,600	1	0.91	75,600	5.00%	52,302	52,301.51	52,800	1	1	1	52,800	498
80,400	1	0.91	80,400	5.32%	55,622	55,622.24	55,200	1	1	1	55,200	-422
90,000	1	0.91	90,000	5.96%	62,264	62,263.70	62,400	1	1	1	62,400	136
1,00,800	1	0.90	1,00,800	6.67%	69,735	69,735.35	69,600	1	1	1	69,600	-135
TOTAL	111	100.00	15,10,800	100.00	10,45,200					111	10,45,200	-

The Board of Directors of the Company at its meeting held on March 6, 2017 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 will be forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before March 9, 2017. Further, trie instructions to Self Certified Syndicate Banks for unblocking the amount has been processed on March 6, 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 SME Platform of National Stock Exchange of India Limited (NSE EMERGE) 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 meanings assigned to them in the Prospectus dated February 9,2017 ("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 trie application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
E-2/3, Ansa Industrial Estate, Sakivihar Road, Sakinaka, Andheri (E), Mumbai - 400 072. | Tel:+91-22-4043 0200 | Fax:+91-22-2847 5207
Email: ipo@bigshareonline.com | Website: www.bigshareonline.com | Investor Grievance Email: investor@bigshareonline.com
SEBI Registration No.: INR000001385 | Contact Person: Mr. Ashok Shetty

Place: Mumbai Date: March 07,2017	For NITIRAJ ENGINEERS LIMITED On Behalf of the Board of Directors Sd/- Managing Director

Nitiraj Engineers IPO Basis of Allotment FAQs

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

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

Visit the Nitiraj Engineers IPO allotment status page to check the number of shares allocated to your application.

Nitiraj Engineers IPO Basis of Allotment

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