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November 10, 2017 - November 14, 2017

Sanghvi Brands IPO Basis of Allotment

SANGHVI BRANDS LIMITED
Corporate Identification Number: U74999PN2010PLC135586

Our Company was incorporated as Sanghvi Brands Promoters Private Limited under the provisions of the Companies Act 1956 vide certificate of incorporation dated February 16, 2010, issued by the Registrar of Companies, Maharashtra, Pune, Subsequently, the name of our company was changed from Sanghvi Brands Promoters Private Limited to Sanghvi Brands Private Limited vide shareholder's approval on January 09, 2017 and fresh certificate of incorporation dated February 21, 2017. Subsequently, our Company was converted into public limited company pursuant to which the name of our company was changed to 'Sanghvi Brands Limited' vide shareholder's approval on June 29, 2017 and fresh certificate of incorporation dated July 21,2017. For details of change in registered office of our Company please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 143 of the Prospectus.

Registered Office: Sanghvi House, 105/2, Shivajinagar, Pune- 411005, Maharashtra, India. | Tel No: 020-30533084 | E-mail: investor@sanghvibrands.com
Website: www.sanghvibrands.com | Contact Person: Ms. Kruti Haresh Shah, Company Secretary and Compliance Officer

PROMOTER OF THE COMPANY: MR. DARPAN NARENDRA SANGHVI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 27,48,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP OF SANGHVI BRANDS LIMITED ('SANGHVI' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 69 PER EQUITY SHARE (THE 'ISSUE PRICE') (INCLUDING A SHARE PREMIUM OF RS 59 PER EQUITY SHARE AGGREGATING RS 1896.12 LAKHS (THE 'ISSUE') BY OUR COMPANY, OF WHICH 1,40,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 26,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.38% AND 25.04% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION VII - ISSUE INFORMATION' BEGINNING ON PAGE 300 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH.
THE ISSUE PRICE IS RS 69. THE ISSUE PRICE IS 6.9 TIMES THE FACE VALUE.
ISSUE OPENED ON: NOVEMBER 10, 2017; ISSUE CLOSED ON: NOVEMBER 14, 2017

PROPOSED LISTING: WEDNESDAY, NOVEMBER 22, 2017*

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received an in-principle approval letter dated October 13, 2017 from BSE Limited for using its name in the offer document for listing of its shares on SME Platform of BSE Limited.

For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced with effect from Wednesday, November 22, 2017. *

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

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 Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 782 applications for 7038000 Equity Shares resulting in 2.56 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows: Details of the Applications Received (Before Technical Rejection):

Category No. of
Applicants
% No. of
Equity Shares
% Subscription
(Times)
Market Maker 1 0.13 140000 1.99 1.00
Retail Individual Investors 713 91.17 1426000 20.26 1.09
Other than Retail Individual Investors 68 8.70 5472000 77.75 4.20
TOTAL 782 100.00 7038000 100.00 2.56

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

Category No. of
Applications
No. of
Equity Shares
Market Maker Nil Nil
Retail Individual Investors 13 26000
Other than Retail Individual Investors Nil Nil
TOTAL 13 26000

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

Category No. Of Applications % Issue Size
(as per Prospectus)
Proportionate Issue Size
(After rounding off)
No. of Valid
Shares applied
Subscription
(Times)
Market Maker 1 0.13 140000 140000 140000 1.00
Retail Individual Investors 700 91.03 1304000 1304000 1400000 1.07
Other than Retail Individual Investors 68 8.84 1304000 1304000 5472000 4.20
TOTAL 769 100.00 2748000 2748000 7012000 2.55

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on November 17,2017.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 69 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 140000 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 69 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.07 times. The total number of shares allotted in this category is 1304000 Equity Shares to 700 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 each
Category
% To
Total
Proportinate
Shares
Available*
Allocation
per Applicant
(Before
Rounding Off)
Allocation
per Applicant
(After
Rounding Oft)
Ratio of
Allottees
to Applicants:
Ratio 1
Ratio of
Allottees
to Applicants:
Ratio 2
Number of
Successful
Applicant(after
rounding oft)
Total No.
of Shares
Allocated/
Allotted
No. of
Shares
Surplus/
Deficit
2000 700 100.00 1400000 100.00 1304000 1862.86 2000 163 175 652 1304000 -
TOTAL 700 100.00 1400000 100.00 1304000 652 1304000 -

C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 69 per Equity Share, was finalized in consultation with BSE. The category was subscribed 4.20 times. The total number of shares allotted in this category is 1304000 Equity Shares to 63 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 each
Category
% to Total Proportinate
Shares
Available*
Allocation per Applicant
(Before Rounding Off)
Allocation per Applicant
(After Rounding Off)
Ratio of Allottees to Applicants: Ratio 1 Ratio of Allottees to Applicants: Ratio 2 Number of
Successful
Applicant
(after rounding off)
Total No. of Shares Allocated/
Allotted
No. of Shares Surplus/ Deficit
4000 5 7.35 20000 0.37 4766 953.22 2000 2 5 2 4000 -766
6000 3 4.41 18000 0.33 4289 1429.82 2000 2 3 2 4000 -289
8000 4 5.88 32000 0.58 7626 1906.43 2000 1 1 4 8000 374
10000 3 4.41 30000 0.55 7149 2383.04 2000 1 1 3 6000 -1149
12000 2 2.94 24000 0.44 5719 2859.65 2000 1 1 2 4000 -1719
12000 2000 1 2 2000 2000
14000 6 8.82 84000 1.54 20018 3336.26 4000 5 6 5 20000 -18
16000 1 1.47 16000 0.29 3813 3812.87 4000 1 1 1 4000 187
18000 3 4.41 54000 0.99 12868 4289.47 4000 1 1 3 12000 -868
22000 2 2.94 44000 0.80 10485 5242.69 4000 1 1 2 8000 -2485
22000 2000 1 2 2000 2000
28000 2 2.94 56000 1.02 13345 6672.51 6000 1 1 2 12000 -1345
28000 2000 1 2 2000 2000
30000 2 2.94 60000 1.10 14298 7149.12 8000 1 1 2 16000 1702
34000 1 1.47 34000 0.62 8102 8102.34 8000 1 1 1 8000 -102
36000 3 4.41 108000 1.97 25737 8578.95 8000 1 1 3 24000 -1737
36000 2000 1 3 2000 2000
38000 1 1.47 38000 0.69 9056 9055.56 10000 1 1 1 10000 944
42000 1 1.47 42000 0.77 10009 10008.77 10000 1 1 1 10000 -9
44000 1 1.47 44000 0.80 10485 10485.38 10000 1 1 1 10000 -485
48000 1 1.47 48000 0.88 11439 11438.60 12000 1 1 1 12000 561
50000 1 1.47 50000 0.91 11915 11915.20 12000 1 1 1 12000 85
60000 6 8.82 360000 6.58 85789 14298.25 14000 1 1 6 84000 -1789
60000 2000 1 6 2000 2000
62000 1 1.47 62000 1.13 14775 14774.85 14000 1 1 1 14000 -775
66000 1 1.47 66000 1.21 15728 15728.07 16000 1 1 1 16000 272
72000 4 5.88 288000 5.26 68632 17157.89 16000 1 1 4 64000 -4632
72000 2000 2 4 4000 4000
100000 1 1.47 100000 1.83 23830 23830.41 24000 1 1 1 24000 170
114000 1 1.47 114000 2.08 27167 27166.67 28000 1 1 1 28000 833
130000 1 1.47 130000 2.38 30980 30979.53 30000 1 1 1 30000 -980
144000 1 1.47 144000 2.63 34316 34315.79 34000 1 1 1 34000 -316
146000 1 1.47 146000 2.67 34792 34792.40 34000 1 1 1 34000 -792
150000 1 1.47 150000 2.74 35746 35745.61 36000 1 1 1 36000 254
254000 1 1.47 254000 4.64 60529 60529.24 60000 1 1 1 60000 -529
288000 1 1.47 288000 5.26 68632 68631.58 68000 1 1 1 68000 -632
290000 2 2.94 580000 10.60 138216 69108.19 68000 1 1 2 136000 -2216
290000 2000 1 2 2000 2000
300000 1 1.47 300000 5.48 71491 71491.23 72000 1 1 1 72000 509
434000 2 2.94 868000 15.87 206848 103423.98 104000 1 1 2 208000 1152
820000 1 1.47 820000 14.99 195410 195409.36 196000 1 1 1 196000 590
TOTAL 68 100 5472000 100 1304000 63 1304000 0

The Board of Directors of the Company at its meeting held on November 17, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before November 21, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to November 21, 2017. In case the same is not received within four working days, investors may contact Registrar 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 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 have the respective meaning assigned to them in the Prospectus dated November 02, 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 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, 1 st Floor, Opp. Vasant Oasis Makwana Road, Marol, (Andheri East), Mumbai-4000059.
Tel: +91 22 62638200; Fax: +91 22 62638299; E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com; Contact Person: Mr. Ashok Shetty; SEBI Registration No.: INR000001385

Place: Mumbai
Date : November 18, 2017
For SANGHVI BRANDS LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

Sanghvi Brands IPO Basis of Allotment FAQs

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

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

Visit the Sanghvi Brands IPO allotment status page to check the number of shares allocated to your application.

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