Rithwik Facility IPO Basis of Allotment

Rithwik Facility Management Services Limited

Corporate Identification Number: U74900TN2010PLC074294

Our Company was originally incorporated as a private limited company under the Companies Act, 1956 pursuant to a certificate of incorporation issued by the Register of Companies. Tamil Nadu. Chennai. Andaman and Niicobar Islands on January 18. 20 10 with the name 'Rithwik Building Services Private Limited'. Further, our Company changed Us name pursuant to approval of the shareholders at an extraordinary general meeting held on July 28.2017 and consequently, the name of our Company was changed to 'Rithwik Facility Management Services Private Limited' and a fresh certificate of incorporation was issued by Registrar of Companies. Tamil Nadu. Chennai on August 18. 2017. Subsequently, our Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on September 01, 2017 and consequent the name of our Company was changed to 'Rithwik Facility Management Services Limited' and a fresh certificate of incorporation consequent upon conversion to pubitc Iimited company was issued by the Registrar of Companies, Tamil Nadu, Chennai on September 15, 2017. For further details of our Company refer "General information" and "History and Certain Other Corporate Matters' on pages 39 and 80. respectively.

Registered Office: R.R. Tower III, Thiru-Vl-KA industrial Estate, Guindy, Chennai - 600 032. Tamil Nadu, India. | Tel- No.: +91 44 4353 4441
E-mail: info@rithwik.co.in | Website; www.rithwik.co.in | Contact Person; Subbiah Jayapandi, Company Secretary and Compliance Officer.

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 8,10,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF RITHWIK FACILITY MANAGEMENT SERVICES LIMITED ("OUR COMPANY" OR 'THE ISSUER") FOR CASH AT A PRICE OF RS 50.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 40.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 405.00 LAKHS ('THE ISSUE"). OF THE ISSUE, 42,000 EQUITY SHARES AGGREGATING TO RS 21.00 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 7,68,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 50.00 PER EQUITY SHARE AGGREGATING TO RS 384.00 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.47% AND 25.10%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET ISSUE OF 7,68,000 EQUITY SHARES. NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVET0RS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTTED THAT HIGHER PERCENTAGE.

The Equity Shares offered through this Prospectus are proposed to be listed on the SME Platform of 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-principal listing approval for the shares being offered In this Issue. However, our Company has received an approval letter dated December 13, 2017 from SSE for using its name in this Prospectus for listing of our Equity Shares, on the SME Platform of BSE. For the purpose of this Issue, BSE shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from THURSDAY, JANUARY 11, 2018*.
*Subject to receipt of listing and trading approvals from the BSE.
All Applicants participated in the issue through APPLICATIONS SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of their respective bank accounts in which the corresponding application amounts were blocked by Sell Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 4830 applications (after removing applications not banked) for 3,36,90,000 Equity Shares resulting in 41.59 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):

The details of applications rejected by the Reqistrar on technical grounds/ withdrawal are detailed below: Technical rejection / Withdrawal

After eliminating Technically Rejected applications, the following table gives the deteils of Category wise net valid applications: After technical rejections

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on January 8, 2018.
A. Allocation to Market Maker (After Technical Rejections): the Basis of Allotment to the Market Maker, at the issue price of Rs 50 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 42,000 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 50 per Equity Share, was finalized in consultation with BSE. The category was subscribed 36.43 times. The total number of shares allotted in this category is 3,84,000 Equity Shares to 128 successful applicants.
The Category - wise details of the Basis of Allotment are as under:

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 50 per Equity Share, was finalized in consultation with BSE. The category was subscribed 50.74 times. The total number of shares allotted in this category is 3,84,000 Equity Shares.
The Category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on January 9, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorised the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN and allotment advice and/or notices are dispatched to the address of the Applicants as registered with the depositories on or before January 10, 2018. further, the instructions to Self Certified Syndicate Banks are processed on or prior to January 10,2018. 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 within six working days from the date of the closure of the Issue.
Note: All capitalized terms used and not detined herein shall have the respective meaning assigned to them in the Prospectus dated December 16,2017 ("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 me 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:

BIGSHARE SERVICES PRIVATE LIMITED
1 st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East Mumbai - 400 059, Maharashtra, India,
Tel. No.: +91 22 6263 8200 | Fax. No.: +91 22 6263 8299 | E-mail: ipo@bigshareonline.com
Investor Grievance Email: Investor@bigshareonline.com | Website: www.bigshareonline.com
SEBI Registration No.: INR000001385 | Contact Person: Vipin Gupta