RKEC Projects IPO Basis of Allotment

RKEC PROJECTS LIMITED

Corporate Identification Number: U45200AP2005PLC045795

Our Company was originally incorporated on April 01, 2005 as 'RKEC Projects Private Limited' vide Registration no. 045795 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Andhra Pradesh, Hyderabad. The Company after its incorporation takeover the running business of a proprietorship firm of our Promoter Mr. Radhakrishna Garapati with effect from April 01, 2006 'RK Engineers & Contractors'. Further, Our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on October 31, 2016 and the name of the our company was changed to 'RKEC Projects Limited' vide a fresh Certificate of incorporation dated November 10,2016, issued by the Registrar of Companies, Hyderabad having CIN U45200AP2005PLC045795. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 103 of the Prospectus.

Registered Office: Door No. 10-12-1, Rednam Alcazar, 3rd Floor, Opp: SBI Main Branch, Old Jail Road, Rednam Gardens, visakhapatnam, Andhra Pradesh -530020. | Tel. No: +91-891-257-45171 Fax No.: +91-891-257-4703 | E-mail: info@rkecprojects.com | Website: www.rkecprojects.com

CONTACT PERSON: MS. SWAPNA BANSODE, (COMPANY SECRETARY & COMPLIANCE OFFICER) | PROMOTER OF OUR COMPANY: MR. RADHAKRISHNA GARAPATI

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 63,78,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF RKEC PROJECTS LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 45.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 35.00 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 2870.10 LAKHS ('ISSUE') CONSISTING OF A FRESH ISSUE OF 46,78,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS 45.00 PER EQUITY SHARE AGGREGATING TO RS 2105.10 LAKHS ('ISSUE') AND 17,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF 45.00 PER EQUITY SHARE AGGREGATING TO RS 765.00 LAKHS THROUGH AN OFFER FOR SALE BY MR. RADHAKRISHNA GARAPATI ('REFERRED AS SELLING SHAREHOLDER & PROMOTER') OF WHICH 3,24,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 45.00 PER EQUITY SHARE, AGGREGATING TO RS 145.80 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 60,54,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 45.00 PER EQUITY SHARE AGGREGATING TO RS 2724.30 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.59% AND 25.23%, 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 201 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 Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE EMERGE'). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an approval letter dated January 16, 2017 from NSE for using its name In this offer document for listing of our shares on the SME Platform of NSE ('NSE EMERGE'). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about October 09,2017.*
'Subject to receipt of listing and trading approvals from the NSE.
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 7972 applications for 11,47,56,000 Equity Shares resulting in 17.99 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical & multiple rejections) are as follows:
Detail of the Applications Received (Before Technical & Multiple Rejection):

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

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

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on October 04,2017.

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 45 per Equity Share, was finalised in consultation with National Stock Exchange Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 3,24,000 Equity shares.
The category wise details of the Basis of Allotment are as under:

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 45 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 7.57 times i.e. for 2,29,17,000 Equity Shares. Total number of shares allotted in this category is 30,27,000 Equity Shares to 1009 successful applicants.
The category wise details of the Basis of Allotment are as under:

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 45 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 29.90 times i.e. for 9,05,13,000 shares. Total number of shares allotted in this category is 30,27,000 Equity Shares to 148 successful applicants.
The category wise details of the Basis of Allotment are as under: (Sample)

The Board of Directors of the Company at its meeting held on October 04,2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE at a meeting held on October 04, 2017 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 October 06,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about October 05,2017 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 National Stock Exchange of India 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 September 18,2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, 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 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
Bharat Tin Works Bldg, 1st Floor, Opp. Vasant Oasis Makwana Road,
Marol, (Andheri East), Mumbai-4000059.
Tel: +91 22 62638200
Fax: +91 22 62638299
E-mail: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty
SEBI Registration No.: INR000001385
Registrar & Share Transfer Agent to the Company - Bigshare Services Private Limited