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September 4, 2017 - September 7, 2017

Nouritrans Exim IPO Basis of Allotment

NOURITRANS EXIM LIMITED

Corporate Identification Number: U51100GJ1995PLC027381

Our Company was originally incorporated as 'Nouritrans Exim Private Limited' on September 07, 1995 under the Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli, Subsequently, Our Company was converted in to a public company and consequently name was changed to 'Nouritrans Exim Limited' (NEL) vide fresh certificate of incorporation dated April 04, 2017 issued by Registrar of Companies, Gujarat, Dadra and Nagar Havelli. For details of the changes in our name and registered office, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page no. 98 of the Prospectus.

Registered Office: 101/17 Premier Shopping Centre, Mirzapur Road, Ahmedabad 380001, Gujarat, India. | Tel:+91 79 25622811
E-mail: cs@neplexport.com   | Website: www.neplexport.com | Company Secretary & Compliance Officer: Ms.Noopur Jain

PROMOTER OF THE COMPANY: MRS. SHAHEEN A. VOHRA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 20,40,000 EQUITY SHARES OF FACE VALUE Of RS.10 EACH ('EQUITY SHARES') OF NOURITRANS EXIM LIMITED ('OUR COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE RS.30 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM Of RS. 20 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS.6I2.00 LAKHS ('THE ISSUE'), OF WHICH 1,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR A CASH PRICE OF RS. 30 PER EQUITY SHARE, AGGREGATING TO RS. 31.20 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 19,36,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT AN ISSUE PRICE OF RS. 30 PER EQUITY SHARE AGGREGATING TO RS. 580.80 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 33.46% AND 31.76%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'TERMS OF THE ISSUE' BEGINNING ON PAGE 163 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009(THE 'SEBI ICDR REGULATIONS'), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10.00 EACH
AND THE ISSUE PRICE OF RS. 30.00 IS 3.0 TIMES OF THE FACE VALUE.
ISSUE OPENED ON MONDAY, SEPTEMBER 04, 2017 AND CLOSED ON THURSDAY, SEPTEMBER 07, 2017.
PROPOSED LISTING: FRIDAY, SEPTEMBER 15, 2017

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of BSE Limited ('BSE'). In terms of the Chapter X-B of the SEBI (ICDR) Regulations, 2009, as amended from time to time our Company has received an approval letter dated August 23, 2017 from BSE Limited (the 'BSE') for using its name in the offer document for listing of our shares on the SME Platform of BSE. For the purpose of the Issue, the designated Stock Exchange will be BSE. All Applicants were allowed 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 458 applications For 2,372,000 Equity Shares resulting in 1.1627 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 Number of Applications % to Total Number of Equity Shares % to Total Subscription (Times)
Market Maker 1 0.22 104,000 4.38 1.0000
Retail Individual Investors 6 1.31 464,000 19.56 0.4793
Other than Retail Individual Investors 451 98.47 1,804,000 76.05 1.8636
TOTAL 458 100.00 2,372,000 100.00 1.1627

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: Maker 0 0
Retail Individual Investors 9 36,000
Other than Retail Individual Investors 0 0
TOTAL 9 36,000

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

Category No. of
Applications
% to Total Issue Size
(as per Prospectus)
No of Valid
Shares applied
% of Total
Applied
Subscription
(Times)
Revised Subscription
(Times)
Market Maker 1 0.22 104,000 104,000 4.45 1.0000 1.0000
Retail Individual Investors 6 1.34 968,000 464,000 19.86 0.4793 0.4793
Other than Retail Individual Investors 442 98.44 968,000 1,768,000 75.68 1.8264 1.8264
TOTAL 449 100.00 2,040,000 2,336,000 100.00 1.1451 1.1451

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on September 12, 2017

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs. 30 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times The total number of shares allotted in this category is 1,04,000 Equity shares.

The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% to
Total
Total No.
of Equity
Shares
applied in
this Category
% of
Total
Proporti
nate
Shares
Available
Allocation
per Applicant|
(Before
Rounding
Off)
Allocation
per Applicant
(After
Rounding
Off)
Ratio of
Allottees
to
Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicants
(after
rounding off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
104000 1 100 104000 100 104000 104000 104000 1:1 - 1 104000 0

B. Allocation to Retal 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 BSE Limited. The category was subscribed by 1.8264 times i.e. for 1,768,000 Equity Shares. Total number of shares allotted in this category is 1,536,000 Equity Shares to 384 successful applicants.

The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% to
Total
Total No.
of Equity
Shares
applied in
this Category
% of
Total
Proporti
nate
Shares
Available
Allocation
per Applicant|
(Before
Rounding
Off)
Allocation
per Applicant
(After
Rounding
Off)
Ratio of
Allottees
to
Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicants
(after
rounding off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
4000 442 100 1768000 100 1536000 3475.11 4000 192:221 - 384 1536000 0

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.30 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 0.4793 times i.e. for 464,000 shares the total number of shares allotted in this category is 400,000 Equity Shares to 6 successful applicants

The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied for
(Category
wise)
No. of
Appli
cations
received
% to
Total
Total No.
of Equity
Shares
applied in
this Category
% of
Total
Proporti
nate
Shares
Available
Allocation
per Applicant|
(Before
Rounding
Off)
Allocation
per Applicant
(After
Rounding
Off)
Ratio of
Allottees
to
Applicant:
Ratio 1
Ratio of
Allottees
to
Applicant:
Ratio 2
Number of
Successful
applicants
(after
rounding off)
Total No.
of Equity
Shares
allocated/
allotted
No. of
Shares
Surplus/
Deficit
8000 2 33.3333 16000 3.4483 13793.1 6896.552 8000 1:01 2 16000 -2206.9
16000 1 16.6667 16000 3.4483 13793.1 13793.1 12000 1:01 1 12000 1793.103
24,000 1 16.667 24,000 5.17 20689.7 20689.7 20000 1:01 1 20000 689.655
108,000 1 16.667 108,000 23.28 93103.4 93103.4 92000 1:01 1 92000 1103.45
300,000 1 16.667 300,000 64.66 258621 258621 260000 1:01 1 260000 -1379.3
TOTAL 6 100 464000 100 400000 6 400000 0

The Board of Directors of the Company at its meeting held on September 12, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.
The CAN-cum-Refund advices and allotment advice and / or notices will be forwarded to the address of the Applicants as registered with the depositories / as filled in the application form on or before September 14, 2017, Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about September 13, 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 BSE Limited 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 August 28, 2017 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Karvy Computershare Pvt Ltd. at www.karisma.karvy.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:

KARVY C0MPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Finacial District, Nanakramguda, Hyderabad-500032, Telangana, India.
Tel No.: +91 40 - 6716 2222 | Fax No.: -91 402343 1551 | Website: www.karisma.karvy.com
Email: einward.ris@karvy.com | Investor Grievance Email: nouritrans.ipo@karvy.com
Contact Person: M. Murali Kris | SEBI Regn. No.: INR000000221

Place: Mumbai
Date : 13.09.2017

For Nouritrans Exim Limited
On behalf of the Board ot Directors
Sd/-
Managing Director

Nouritrans Exim IPO Basis of Allotment FAQs

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

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

Visit the Nouritrans Exim IPO allotment status page to check the number of shares allocated to your application.

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