Sah Polymers IPO Basis of Allotment

SAH POLYMERS LIMITED

Our Company was originally incorporated as a public limited company under the name and style of ‘Peacock Continental Limited^- at Udaipur Rajasthan, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated April 20, 1992 issued by the Registrar of Companies, Jaipur Rajasthan bearing number 17-06657 of 1992-93. We commenced commercial operations pursuant to a Certificate of Commencement of Business dated November 04, 1992. The name of our company was changed to 'Sah Polymers Limited^'. Consequent upon change of name a fresh Certificate of Incorporation dated July 24, 1998 was issued by Registrar of Companies, Jaipur Rajasthan The Corporate Identification Number of our company is U24201RJ1992PLC006657. For details of the change in the name and the registered office of our Company, see "History and Certain Corporate Matters" on page 147 of the Prospectus of the Company dated January 06, 2023 fifed with the RoC ("Prospectus").

Our Company has filed the Prospectus dated January 06, 2023 with the RoC. and the Equity Shares are proposed to be listed on the National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and trending is expected to commence on January 12, 2023.

INITIAL PUBLIC OFFERING OF 102,00,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH ("EQUITY SHARES") OF SAH POLYMERS LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF Rs. 65 PER EQUITY SHARE (INCLUDING APREMIUM OF Rs. 55 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO Rs. 6630 LAKHS ("ISSUE"). THE OFFER COMPRISES OF FRESH ISSUE ONLY. THE ISSUE SHALL CONSTITUTE 39.54% OF THE POST-ISSUE PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS Rs. 10. THE ISSUE PRICE IS 6.5 TIMES THE FACE VALUE OF THE EQUITY SHARES.

RISK FACTORS ASSOCIATED WITH OUR COMPANY ARE:

Rs. in lakhs

*not annualised

*December 13,2022. *at upper price band post Issue.

Note: The Weighted Average Cost of acquisition of all Equity Shares is not applicable as there has been no acquisition in those reporting period. There are no such transactions to report under for last 5 primary or secondary transactions (secondary transactions where promoter/promoter group entities or shareholder(s) selling shares through offer for sale in IPO or shareholder(s) having the right to nominate director(s) in the Board of the Issuer Company, are a party to the transaction), not older than 3 years prior to the date of filing of the Prospectus, irrespective of the size of transactions.

* at the upper end of the price band pre issue.

* PE Ratio for the peers has been extracted from www.bseindia.com

, www.nseindia.com   as on January 05, 2023

The Issue has been made in terms of Rule 19(2)(b) of the SCRR read with Regulation 31 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the ‘SEBIICDR Regulations') through the Book Building Process in accordance with Regulation 6(2) of the SEBIICDR Regulations wherein not less than 75% of the issue was made available for allocation on a proportionate basis to Qualified Institutional Buyers (‘QIBs') (the QIB Portion"). Our Company in consultation with the BRLM allocated up to 60% of the QIB Portion to Anchor Investors on a discretionary basis (‘Anchor Investor Portion'). One-third of the Anchor Investor Portion was reserved for domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the QIB Portion (excluding Anchor Investor Portion) (the ‘Net QIB Portion') was made available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion was made available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not mere than 15% of the Issue was made available for allocation on a proportionate basis to Non-lnstitional Bidders of which one-third of the Non-institutionai Portion was made available for allocation to Bidders with an application size of more than Rs, 200,000 and up to Rs. 1,000,000 and two-thirds of the Non-lnstitutional Portion was made available for allocation to Bidders with an application size of more than Rs. 1,000,000 and under-subscription in either of these two sub-categories of Non-lnstitutional Portion may be allocated to Bidders in the other sub-category of Non-lnstitutional Portion m accordance with the SEBI ICDR Regulations subject to valid Bids being received at or above the Offer Price. Further more than 10% of the Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids being received from them at or above the Issue Price. Further, the allocation to each Non-lnstitutional Investor was made available of not less than Rs. 200,000 subject to availability of Equity Scares in the Non-lnstitutional Portion and the remaining Equity Shares, if any, shall be allocated on a proportionate basis, subject to valid Bids being received at or above the Issue Price, in accordance with the SEBI ICDR Regulations. All Bidders, other than Anchor Investors, are mandatorily required to participate in the issue through the Application Supported by Blocked Amount ("ASBA") process by providing details of their respective ASBA Account, or UPI ID (defined hereinafter) in case of Retail Individual Bidders bidding through the UPI Mechanism (defined hereinafter) as applicable pursuant to which their corresponding Bid Amount will be blocked by the Self Certified Syndicate Banks or by the Sponsor Bank under the UPI Mechanism (defined hereinafter). Anchor Investors are not permitted to participate in the Anchor Investor Portion through the ASBA Process. For details, see "Issue Procedure" on page 232 of the Prospectus.

The bidding for Anchor Investor opened and closed on December 29, 2022. The Company received 3 applications from Anchor Investors for 47,70,660 Equity Shares. The Anchor Investor Issue Price was finalized at Rs. 65 per Equity Share. A total of 45,90,000 Equity Shares were allocated under the Anchor Investor Portion aggregating to Rs. 29,83,50,000.

The Issue received 1,50,875 applications for 10,31,07,160 Equity Shares (prior to technical rejections but after removing multiple bids, duplicate toads and bids not banked) resulting in resulting in 10.11 times subscription.

The details of the applications received in the Issue from various categories (before technical rejections) are as under.

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/lssue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on January 09,2023.

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of f 65 per Equity, was finalized in consultation with NSE. This category has been subscribed to the extent of 38.62 times The total number of Equity Shares Allotted in Retail Individual Bidders category is 10,20,000 Equity Shares to 4,434 successful applicants.

The category-wise details of the Basis of Allotment are as under:

The Basis of Allotment to the Non-lnstitutional Bidders (more than Rs. 2 lakhs and upto Rs. 10 lakhs), who have bid at the Issue Price of Rs. 65 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 30.35 times. The total number of Equity Shares allotted in this category is 5,10,000 Equity Shares to 158 successful applicants. The category-wise details of the Basis of Allotment are as under

The Basis of Allotment to the Non-lnstitutional Bidders (more than Rs.10 lakhs), who have bid at the Issue Price of Rs. 65 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 34.01 times. The total number of Equity Shares allotted in this category is 10,20,000 Equity Shares to 316 successful applicants. The category-wise details of the Basis of Allotment are as under:

Allotment to QIBs. who have bid at the Issue Price of Rs. 65 per Equity Share or above, has been done on a proportionate basis in consultation with NSE. This category has been subscribed to the extent of 2.24 times of Net QlB portion. As per the SEBI Regulations, Mutual Funds were required to be allotted 5% of the Equity Shares under the available Net QlB portion. However, the Offer did not receive any demand from Mutual Funds in the Net QIB portion and accordingly the Mutual Funds portion were spill-over to Net QIB portion. The Net QIB portion were allotted the available Equity Shares i.e. 30,60,000 Equity Shares. The total number of Equity Shares allotted in the QIB category is 30,60,000 Equity Shares, which were allotted to 8 successful Applicants. Allotment to QIBs, who have bid at the Issue Price of Rs. 65 per Equity Share or above, has been done on a proportionate basis in consuItation with NSE. This category has been subscribed to the extent of 2.24 times of Net QIB portion. As per the SEBI Regulations. Mutual Funds were required to be allotted 5% of the Equity Shares under the available Net QIB portion. However, the Offer did not receive any demand from Mutual Funds in the Net QIB portion and accordingly the Mutual Funds portion were spill-over to Net QIB portion. The Net QIB portion were allotted the available Equity Shares i.e. 30,60.000 Equity Shares. The total number of Equity Shares allotted in the QIB category is 30,60,000 Equity Shares, which were allotted to 8 successful Applicants.

The Company in consultation with the BRLM, have allocated 45,90,000 Equity Shares to 3 Anchor Investors (through A1, A2, A3 Anchor Investor Application Forms) at an Anchor Investor Issue Price at Rs. 65 per Equity Share in accordance with SEBI ICDR Regulations. This represents 60% of the QIB portion.

The Board of Directors of our Company at its meeting held on January 09,2023 has taken on record the basis of allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation and/or notices have been dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Issue Account on January 09, 2023 and the payments to non-syndicate brokers have been issued on January 10, 2023. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees have been uploaded on January 10, 2023 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the Listing application with NSE and BSE on January 11,2023. The Company has received the listing and trading approval from NSE & BSE, and trading will commence on January 12,2023.

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

INVESTORS. PLEASE NOTE

These details of the Allotment made shall be hosted on the website of 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 applicant, Serial number of the Bid cum Application form number, Bidders. DP ID, Client ID, PAN, date of submission of Bid cum Application Form, address of the Bidder, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

Link Intime India Private Limited

C 101,247 Park, L.B.S. Marg Vikhroli (West), Mumbai - 400 083, Maharashtra, India.

Tel: +91 22 4918 6200 / 810 811 4949; Email: Sahpolymers.ipo@linkintime.co.in

Investor grievance Email: Sahpolymers.ipo@linkmtime.co.in; Website: www.linkintime.co.in;

Contact person: Shanti Gopalkrishnan; SEBI Registration no: INR000004058

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 SAH POLYMERS LIMITED.

SAH POLYMERS LIMITED has filed the prospectus dated January 06, 2023 with the RoC (the "Prospectus"). The Prospectus shall be made available on the website of the SEBI at www.sebi.gov.in as well as on the website of the BRLM i.e., Pantomath Capital Advisors. Private Limited at www.pantomathgroup.com, the website of the National Stock Exchange of India Limited at www.nseindia.com and the website of the BSE Limited at www.bseindia.com. Any potential investor should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see 'Risk Factors" beginning on page 26 of the Prospectus. Potential investors should not rely on the DRHP for any investment decision.

This Announcement has been prepared for publication in India and may not be released in the United States. This announcement does not constitute an offer of Equity Shares for sale in any jurisdiction, including the United States, and the Equity Shares offered in the Offer may not be offered or sold in the United States in absence of registration under the U.S. Securities Act of 1933 or an exemption from registration. Any public offering of the Equity Shares to be made in the United States will be made by means of a prospectus that may be obtained from the Company and that will contain detailed information about the Company and management, as well as financial statements. However, the Equity Shares offered in the Offer are not being offered or sold in the United States.

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