Ratnabhumi Developers IPO Basis of Allotment

RATNABHUMI DEVELOPERS LIMITED
Corporate Identification Number of our Company is U45200GJ2006PLC048776.

Our Company was originally incorporated as 'Navratna C G Road Properties Private Limited' at Ahmedabad on July 27, 2006 under the provisions of the Companies Act. 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Gujarat. Dadra and Nagar Haveli. Ahmedabad. Subsequently, the name of our company was changed to 'Ratnabhumi Developers Private Limited' on July 9, 2009 and fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies. Gujarat, Dadra and Nagar Haveli, Ahmedabad. Consequently upon the conversion of our Company into public limited company, the name of our Company was changed to 'Ratnabhumi Developers Limited' and fresh Certificate of Incorporation datad September 18, 2017 was issued by the Registrar of Companies, Gujarat Dadra and Nagar Haveli. Ahmedabad. The Corporate Identification Number of our Company is. U45200GJ2006PLCO48776.

Registered Office: S.F. 207, Turquoise, Panchvati Panch Rasta, Nr. White House, E.B., C.G. Road, Ahmedabad-380009, Gujarat;
E-Mail: compliance@ratnagroup.co.in
Company Secretary and Compliance Officer; Ms. Nikita Patel; E-Mail; compliance@ratnagroup.co.in Tel No.; +91-79-2642 4209

PROMOTERS OF THE COMPANY: MR. KAIVAN SHAH & MRS. MEGHNA SHAH

BASIS OF ALLOTMENT

RATNABHUMI DEVELOPERS LIMITED - SME IPO

Public Issue of 37,00,000 Equity Shares of Face Value of Rs 10 Each of Ratnabhumi Developers Limited ('Ratnabhumiri' or the 'Company' or The 'Issuer') for cash at a Price of Rs 63 per Equity Share including a share premium of Rs 53 per Equity Share (the 'Issue Price') aggregating to Rs 2331.00 Lakh ('The Issue'), of which 1,85,000 Equity Shares of face value of Rs 10 Each for cash at a price of Rs 63 per Equity Share including a Share premium of Rs 53 per Equity Share aggregating to Rs 118.44 Lakh 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. net Issue of 35,12,000 Equity Shares of Face Value of Rs 10 each at a price of Rs 63 per Equity Share including a Share Premium of Rs 53 per Equity Share aggregating to rs 2212.56 Lakh is herein after referred to as the 'Net Issue'. The Issue and the net issue will constitute 27.01 % and 25.64% respectively of the post issue paid up equity share capital of our company.

In terms of Prospectus dated November 27, 2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein (a) minimum of 50% of the Net Offer to Public shall be initially made available to Retail Individual Investors and (b) The balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail individual investors and ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for. c) The unsubscribed portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.

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 63/- EACH INCLUDING A SHARE PREMIUM OF RS 53/- PER EQUITY SHARE. THE ISSUE PRICE IS 6.3 TIMES OF THE FACE VALUE. ISSUE OPENED ON MONDAY, DECEMBER 4, 2017 AND CLOSED ON WEDNESDAY, DECEMBER 6, 2017.

The Equity Shares offered through ihe Prospectus are proposed to be listed On SME Platform of BSE Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time, our Company has received in principle approval letter dated November 24, 2017 from BSE Limited ('BSE') for using its name in the offer document for listing our shares on the SME Platform of BSE Limited. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited.

SUBSCRIPTION DETAILS

Details of Applications:

The Issue has received 624 applications (before Technical Rejections) for 52,94,000 Equity Shares (Including Market Maker Application of 1,88.000 Equity Shares) resulting 1.4308 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:

*after spillover of 5,58,000 Equity Shares from retail category.

Total 5 applications received in Retail Individual Investors Category for 10,000 Shares which were rejected on technical grounds. Further, there was no withdrawal of application in any of the category.

ALLOCATION: The Basis of Allotment was finalized in consultation with ihe Designated Stock Exchange- BSE Limited on December 11, 2017.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 63/-per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.0000 times. The total number of shares allotted in this category is 1,88,000 Equity shares in full out of reserved portion of 1,88,00 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal, if any); The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 63/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.6822 times. Total n umber of shares allotted in this category is 11,98,000 Equity Share 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 of Rs 63/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.6845 times (after spillover of 5,58,000 Equity Shares from retail category). Total number of shares allotted in this category is 23,14,000 Equity Shares. The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on December 11, 2017 has taken on record rhe Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transter of the Equity Shares /dispatch of share certificates to vaious successful applicants,

The CAN-cum-Refund Orders and allotmentl advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories as filled in the application form. Further, the instructions to Self Certified Syndicate Banks were being processed on December 11,2017. 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. The trading is proposed to be commenced on or before Thursday, December 14, 2017 subject to receipt of final listing and trading approvals from the BSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar To the issue, Link Intime India Private Limited at www.linkintime.co.in .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:

LINK INTIME INDIA PRIVATE LIMITED
Address: C - 101, 1st Floor,  247 Park, Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai-40083.
Tel: +91 - 22 - 4918 6200: Fax: +91 - 22 - 4918 6195: Website: www.linkintime.co.in
SEBI Registration Number: INR000004058; Contact Person: Ms. Shanti Gopalkrishnan;
Email/ Investor Grievance E-mail: rdl.ipo@linkintime.co.in