Raw Edge Industrial Solutions IPO Basis of Allotment

(This is only an advertisement for information purpose and not a Prospectus announcement.)

RAW EDGE INDUSTRIAL SOLUTIONS LIMITED
THE Corporate Identification Number of our Company IS U14219MH2005PLC240892

Our Cornpany was incorporated as 'Shree Saishraddha Industries Private Limited' under the provision of the Companies Act, 1956 vide certificate of incorporation dated February 14, 2005 issued by the Assistant Registrar of Companies, Gujarat, Dadra & Nagar Haveli. The registered office of our company was shifted from the state of Gujarat to the state of Maharashtra and certificate was issued on March 7, 2013 by the Registrar of Companies, Maharashtra. Mumbai. A fresh certificate of incorporation was issued on July 5, 2013 by the Registrar of Companies. Maharashtra. Mumbai due to change of name to Raw Edge Industrial Solutions Private Limited. Consequent upon the conversion of our company to public limited company, the name of our company was changed to 'Raw Edge Industrial Solutions Limited ' and fresh certificate of incorporation dated March 1, 2018l was issued by the DROC, Registrar of Companies, RoC, Mumbai. The Corporate Identification Number of our Company is U14219MH2005PLC240892. For further details, in relation to the change in the name and registered office of our company, please refer to the section 'History and Certain Corporate Matters'   beginning on page no. 105 of The Prospectus.

Registered office: Shop No. 47, Ground Floor, City Mall. New Link Road, Andheri (W) Mumbai - 400053
Tel: 91-72269 96805, Website; www.rawedge.in E-Mail: info@rawedge.in
Corporate Office: 02, Navkruti Apartment. B/h B.R. Designs, Near Lal Bunglow, Athwa Lines, Surat, Gujarat- 395 007
Tel: 91-97243 26805 Website: www.rawedge.in E-Mail: info@rawdege.in
Contact Person: Ms. Jyoti Chitlangiya (Company Secretary and Compliance Officer)

PROMOTERS OF THE COMPANY: MR. BIMAL BANSAL, MR. SOURABH BANSAL AND MR. SIDDHARTH BANSAL

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 22,91,200 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF RAW EDGE INDUSTRIAL SOLUTIONS LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS. 72 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 62 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS. 1649.66 LAKHS ('ISSUE') CONSISTING OF A FRESH ISSUE OF 16,81,200 EQUITY SHARES OF FACE VALUE OF 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS.72 PER EQUITY SHARE AGGREGATING TO RS. 1210.46 LAKHS ('ISSUE') AND AN OFFER FOR SALE OF 6,10,000 EQUITY SHARES AGGREGATING TO RS 439.20 LAKHS (THE 'OFFER FOR SALE'). COMPRISING OF 2,00,000 EQUITY SHARES BY MR.BIMAL BANSAL, 2,00,000 EQUITY SHARES BY MRS.SHWETA BANSAL AND 2,10,000 EQUITY SHARES BY MRS. BALA BANSAL ('COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS AND PROMOTERS AND PROMOTER GROUP') OF WHICH 1,15,200 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS. 72 PER EQUITY SHARE. AGGREGATING TO RS. 82.94 LAKHS WILL BE RESERVED FOR SUBSCRlPTION BY MARKET MAKER ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 21,76,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS. 72 PER EQUITY SHARE AGGREGATING TO RS 1566.72 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.33% AND 25.96%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated June 22, 2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein (a) minimum 50% of the Net Offer to Public shall be initially made available to Retail Individual Investors (b) The remaining net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail investors; and ii) other investors including corporate bodies or institutions, irrespective- of number of shares applied for; (c) the unsubscribed portion in either of the categories specified in clauses (a) or (b) was available for allotment to 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 then 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 72 EACH, THE ISSUE PRICE IS 7.2 TIMES OF THE FACE VALUE.

ISSUE OPENED ON : July 5, 2018 (THURSDAY), ISSUE CLOSED ON: JULY 10, 2018 (TUESDAY)

The Equity Shares offered through this Prospectus are proposed to be listed on the BSE SME Platform of Bombay Stock Exchange Limited ('BSE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our company has received an in principle approval letter dated June 5,2018 from BSE for using its name in this offer document for listing our shares on the SME Platform of BSE. For the purpose of this Issue, the designated Stock Exchange will be the Bombay Stock Exchange Limited ('BSE').

SUBSCRIPTION DETAILS

Details of the application

The Issue has received 564 (before rejections) applications for 23,90,400 Equity Shares (Including Market Maker Application of 1,15,200 Equity Shares) resulting 1.04 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:

Details of valid Applications Received (Before Technical Rejections):

Total 3 applications received in Retail individual Investors Category (4800 Equity Shares) & 1 Application received in Other than Retail Individual investor's (14,400 Equity Shares) were rejected on technical grounds

Details of valid Applications Received (Before Technical Rejection) :

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE Limited (*SME platform of BSE') on July 13, 2018.

A. Allocation to Market Maker: The Basis of Allotment to the Market Maker, at The issue price of Rs.72 /- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,15,200 Equity shares in full out of reserved portion of 1,15,200 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. 72/- per Equity Share, was finalized in consultation with BSE The category was subscribed by 0.77 times. Total number of shares allotted in this category is 8,36,800:

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 72/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.32 times. Total number of shares allotted in this category is 13,39,200:

The Board of Directors of the Company at its meeting held on July 13, 2018 has taken on record the Basis of Allotment af Equity Shares approved ay the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares in dematerialised from to various successful applicants.

The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before July 17, 2018. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to July 16,2018. 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 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 fron the date of the closure of the issue. The trading is proposed to be commenced on or before July 18,2018 subject to receipt of listing and trading approvals from the BSE Limited ('SME Platform of BSE').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Ragistrar 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 no. 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.

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF RAW EDGE INDUSTRIAL SOLUTIONS LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the prospectus.