Riddhi Steel IPO Basis of Allotment

Our Company was originally Incorporated on September 07,2001, as Riddhi Steel and Tube Private Limited under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat. Dadra and Nagar Haveli. Our Company was converted into a public limited company and accordingly the name of our Company was changed to Riddhi Steel and Tube Limited pursuant to a special resolution passed by our Shareholders at the EGM held on January 08, 2016. A fresh certificate of Incorporation consequent upon conversion to public limited company was issued on February 01,2016 by Registrar of Companies, Ahmedabad, Gujarat. For further details, please see the section titled 'History and other Certain Corporate Matter' beginning on page 88 of the Prospectus-

Registered Office: 83/84, Village - Kamod, Piplaj Pirana Road, Post - Aslali, Ahmedabad - 382427, Gujarat India.
Tel: +91 - 79 - 2970 0922; Fax: +91 - 79 -2676 8656; Email: info@riddhitubes.org ; Website: www.riddhitubes.com
Company Secretary and Compliance Officer: Mr. Neel G.Sukhani

Promoters of Our Company: Mr Rajesh Kumar R. Mittal, Ms. Preeti R. Mittal, Mr. Rajat R. Mittal and Ms. Riddhli R. Mittal

BASIS OF ALLOTMENT

PUBLIC ISSUE OF EQUITY SHARES OF R5-10 EACH ('EQUITY SHARES'') OF RIDDHl STEEL AND TUBE LIMITED ('RSTL' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS.38 PER SHARE (THE ''ISSUE PRICE'), AGGREGATING TO RS. 899 20 LACS ('THE ISSUE') OF WHICH, 1,26,000 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 22,14,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'.THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.22% AND 26.71%, RESPECTIVELY OF THE POST ISSUE PAIDUP EQUITY SHARE CAPITAL OF THE COMPANY

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10/- EACH AND
THE ISSUE PRICE IS RS. 38.00. THE ISSUE PRICE IS 3.8 TIME OF THE FACE VALUE

ISSUE OPENED ON FRIDAY, SEPTEMBER 02, 2016 AND CLOSED ON WEDNESDAY, SEPTEMBER 07, 2016

The Equity Shares of the Company are proposed to be listed on the SME Platform of BSE Limited ('BSE''}. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principle listing approval from BSE. However, our Company has received an approval via letter dated August 25, 2016 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is propped to be commenced on or before September 14,2016*

*Subject to receipt of listing and trading approvals from the BSE Limited.

This being a Fixed Price Issue, the allocation in the Net Issue to the Public category shall be made as per Regulations 43(4) of the SEBI (ICDR) Regulations, 2009, es amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail individual investors The balance Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors,including corporate bodies/ institutions irrespective of number of shares applied for. Under subscription, if any, in any of the categories, would be allowed to be met with spillover from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such intense spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All investors shall participate in the issue only through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of their respective bank accounts in which the corresponding application aamounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 236 applications for 34,50,000 Equity Shares resulting 1.47 times subscription (including reserved portion of market maker).The details of the applications received in the Issue (before technical rejections) are as lollowa:

Details of the Application Received (Before Technical Rejections):

Category	No. of Applications.	% to Total	Number of Equity Shares	% to Total	Subscription (Times}
Market maker	1	0.42	1,26,000	3.65	1.00
Retail Individual Investors	177	75.00	5,31,300	15.39	0.48
Other Than Retail individual Investors	58	24.58	27,93,000	80.96	2.52
Total	236	100.00	34,50,000	100.00	1.47

The details of applications rejected by the Registrar on technical grounds (including withdrawal) are detailed below:

Category	No. of Applications	No. of Equity Shanes
Market Maker	Nil	Nil
Retail Individual Investors	4	12,000
Other Than Retail individual Investors	2	1,56,000
Total	6	1,68,000

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	0.43	1,26,000	1,26,000	3.84	1.00	1.00
Retail Individual Investors	173	75.22	11,07,000	5,19,000	15.81	0.47	0.47
Other Than Retail individual Investors	56	24.35	11,07,000	26,37,000	80.35	2.38	1.56
Total	230	100.00	23,40.000	32,82,000	100.00	1.40	1.40

* After spill-over of 5,88,000 shares from Retail Individual Investors to other than Retail individual Investors

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited (BSE) on September 09, 2016

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 38/- 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 1,26,000 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. 38/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.47 times. Total number of shares allotted in this category is 5,19,000 Equity Shares to 173 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	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
3000	173	100.00	5,19,000	100.00	11,07,000	30,000	3,000	1:1	173	5,19,000	(5,88,000}
Total	173	100.00	5,19,000	100.00	11,07,000				173	5,19,000	(5,88,000)

C. Allocation to Other than Retail Individual lnvestors(After Technical Rejections fi Withdrawal). The Basis of Allotment to the Non Relail Investors, at iho issue price of Rs. 38/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.56 times. Tolal number of shares elicited in this category is 16.95,000 Equity Shares. The category wise basis of allotmem is 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	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
6,000	1	1.79	6,000	0.23	3,857	3856.66	3,000	1:1	1	3,000	857
9,000	3	5.36	27,000	1.02	17,355	5784.98	6,000	1:1	3	18,000	(645)
12,000	9	16.07	1,08,000	4.10	69,420	7713.31	6,000	1:1	9	54,000	15420
							3,000	5:9	5	15,000	(15000}
15,000	2	3.57	30,000	1.14	19,283	9641.64	9,000	1:1	2	18,000	1283
18,000	3	5 36	54,000	2.05	34,710	11569.97	12,000	1:1	3	36,000	(1290)
24,000	4	7.14	96,000	3.64	61,706	15426.62	15,000	1:1	4	60,000	1706
27,000	9	16.07	2,43,000	9.22	1,56,195	17354.95	18,000	1:1	9	1,62,000	(5805)
30,000	6	10.71	1,80,000	6.83	1,15,700	18283.26	18,000	1:1	6	1,08,000	7700
							3,000	1:3	2	6,000	(6000)
	9	16.07	2,97,000	11.26	1,90,904	21211.60	21,000	1:1	9	18,90,000	1904
							3,000	1:9	1	3,000	(3000)
39,000	1	1.79	39,000	1.48	25,068	25068.26	24,000	1:1	1	24,000	1068
60,000	1	1.79	60,000	2.20	38,567	38566.55	39,000	1:1	1	39,000	(433)
69,000	1	1.79	69,000	2.62	44,352	44351.54	45,000	1:1	1	45,000	(648)
72,000	1	1.79	72,000	2.73	46,280	46279.36	45,000	1:1	1	45,000	1280
1,05,000	1	1.79	1,05,000	3.98	67,491	67491.47	66,000	1:1	1	66,000	1491
1,29,000	1	1.79	1,29,000	4.69	82,918	82918.09	84,000	1:1	1	84,000	(1082)
1,32,000	2	3.57	2,64,000	10.01	1,69,693	84846.42	84,000	1:1	2	1,68,000	1693
2,01,000	1	1.79	2,01,000	7.62	1,29,198	129197.95	1,29,000	1:1	1	1,29,000	198
6,57,000	1	1.79	6,57,000	24.91	4,22,304	422303.75	4,23,000	1:1	1	4,23,000	(696)
Total	56	100.00	26,37,000	100.00	16,95,000				56	16,95,000

The Board of Directors of the Company at its meeting held on September 9,2016 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and has authored the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN and allotment advice and/or notices are beng dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on September 12,2016. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount have been processed on September 9,2016. In case the same is not received within prescribed time, investors may contact at the address given below. The Equity Shares allocated to successful applicants are being credited to their benefiecery accounts subject to validation of the account datails 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 nave the respective meanings assigned to them in the Prospectus dated August 29,2016 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also bo hosted on the website of the Ragistrar to the Issue, Karvy Computershare Private limited 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 Computershare Private limited
Karvy Selenium Tower B,Plot31-32 ,Gachibowli, Financial District, Nanakramguda,
Hyderabad - 500 032, India, Tel. +91 -40 - 67162222; Fax: +91 - 40-23431551
Email: riddhisteel.ipo@karvy.com Website: www.karisma.karvy.com
Contact Person: Mr M. Murli Krishna. SEBI Registration No.: INR000000221

Place: Ahmedabad Date :10.06.2016	For Riddhi Steel And Tuhe Limited On behalf of Board of Directors Sd/- Mr. Rajesh Kumar R. Mittal Managing Director

Riddhi Steel IPO Basis of Allotment FAQs

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

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

Visit the Riddhi Steel IPO allotment status page to check the number of shares allocated to your application.

Riddhi Steel IPO Basis of Allotment

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