July 21, 2017 - July 26, 2017

Shanti Overseas IPO Basis of Allotment

SHANTI OVERSEAS (INDIA) LIMITED
Corporate Identity Number: - U51211MP2011PLC025807

Our Company was originally formed as a partnership firm under the Partnership Act in the name of 'M/s Shanti Overseas', pursuant to a deed of partenership dated November 15, 2004. 'M/s Shanti Overseas' was thereafter converted from a partnership firm to a private limited company under Part IX of the Companies Act, 1956 with the name of 'Shanti Overseas (India) Private Limited' and received a certificate of incorporation from the Registrar of Companies, Madhya Pradesh and Chhattisgarh on April 18, 2011 bearing Corporate Identification No. U51211MP2011PTC025807. Subsequently our Company was converted into a public limited company pursuant to special resolution dated January 10, 2017 and fresh Certificate of Incorporation dated January 20, 2017 issued by the Registrar of Companies, Gwalior and the name of our Company was changed to 'Shanti Overseas (India) Limited'. With Corporate Identification Number U51211MP2011PLC025807. For further details, please refer Chapter titled 'History and Certain Corporate Matters' beginning on page 119 of the Prospectus.

Registered Office: 215-216, Vikram Tower, 1st Floor, Indore, Madhya Pradesh, India- 452001. Tel No: +91-731-4020596/ 4020586
E-mail: cs@shantioverseas.com; Website: www.shantioverseas.com
Contact Person: Mrs. Ramita Otwani (Company Secretary & Compliance Officer)
PROMOTERS OF OUR COMPANY: MR. MUKESH KACHOLIA, MR. AYUSH KACHOLIA, MR.ROHAN KACHOLIA,

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 20,04,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF SHANTI OVERSEAS (INDIA) LIMITED ('COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 50 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 40 PER EQUITY SHARE) ('ISSUE PRICE') AGGREGATING TO RS 1002.00 LAKHS ('ISSUE') OF WHICH 1,38,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 50 PER EQUITY SHARE, AGGREGATING TO RS 69.00 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 18,66,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 50 PER EQUITY SHARE AGGREGATING TO 933.00 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.07% AND 25.20%, 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 265 OF THE PROSPECTUS.
THIS ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, (THE 'SEBI ICDR REGULATIONS'). AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGINNING ON PAGE 273 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS RS 50.00. THE ISSUE PRICE IS 5.00 TIMES OF THE FACE VALUE.
ISSUE OPENED ON FRIDAY, JULY 21, 2017 AND CLOSED ON WEDNESDAY, JULY 26, 2017.
PROPOSED LISTING: THURSDAY, AUGUST 03, 2017*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE') ('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 July 07, 2017 from NSE for using its name in 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 ('NSE EMERGE'). The trading is proposed to be commenced on or about August 03, 2017*

*Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

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 6380 applications for 2,86,86,000 Equity Shares resulting in 14.31 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):

CATEGORY	NUMBER OF APPLICATIONS	%	NUMBER OF EQUITY SHARES	%	SUBSCRIPTION (TIMES)
Market Maker	1	0.02	1,38,000	0.48	1.00
Retail Individual Investors	6,220	97.49	1,86,60,000	65.05	15.36
Other than Retail Individual Investors	159	2.49	98,88,000	34.47	15.19
TOTAL	6380	100.00	2,86,86,000	100.00

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

Category	No. of Applications	No. of Equity Shares
Market Makers	-	-
Retail Individual Investors	68	2,04,000
Other than Retail Individual Investors
Total	68	2,04,000

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

Category	No. of Valid Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Market Maker	1	100	1,38,000	1,38,000	100	1.00
Total	1	100	1,38,000	1,38,000	100	1.00

Category	No. of Valid Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size After rounding off)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Retail Individual Investors	6,152	97.48	933,000	12,15,000	1,84,56,000	65.11	15.1901
Other than Retail Individual Investors	159	2.52	933,000	651,000	98,88,000	34.89	15.1889
Total	6311	100	18,66,000	18,66,000	28,344,000	100

ALLOCATION: The Basis of Allotmentwas finalized in consultation with the Designated Stock Exchange-National Stock Exchange of India Limited on July31,2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 50 per Equity Share, was finalised in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total numberof shares allotted in this category is 1,38,000 Equity shares.
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 Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Numberof Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus /Deficit
1,38,000	1	100.00	1,38,000	100.00	1,38,000	1,38,000	1,38,000	1	1	1	1,38,000	-
TOTAL	1	100.00	1,38,000	100.00	96,000	1,38,000	1,38,000	1	1	1	1,38,000	-

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 50 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 15.1901 times i.e. for 1,84,56,000 Equity Shares, the total numberof shares allotted in this category is 12,15,000 Equity Shares to 405 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 Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Numberof Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus /Deficit
3000	6152	100.00	18456000	100.00	1215000	197.50	3000.00	5	76	405	12,15,000	-
TOTAL	6152	100.00	18456000	100.00	1215000					405	12,15,000

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 750 per Equity Share, was finalized in consultation with National Stock Exchange of India Limited.The category was subscribed by 15.1889 timesi.e. for 98,88,000 shares the total numberof shares allotted in this category is 651,000 Equity Shares to 73 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 Applicant: Ratio 1	Ratio of Allottees to Applicant: Ratio 2	Number of Successful applicants (after rounding off)	Total No. of Equity Shares allocated/ allotted	No. of Shares Surplus/ Deficit
6000	57	35.85	342000	3.46	22518	395.05	3000.00	8	57	8	24000	1482
9000	18	11.32	162000	1.64	10666	592.56	3000.00	2	9	4	12000	1334
12000	15	9.43	180000	1.82	11851	790.07	3000.00	4	15	4	12000	149
15000	9	5.66	135000	1.37	8888	987.56	3000.00	1	3	3	9000	112
18000	3	1.89	54000	0.55	3555	1185.00	3000.00	1	3	1	3000	-555
21000	4	2.52	84000	0.85	5530	1382.50	3000.00	1	2	2	6000	470
24000	2	1.26	48000	0.49	3160	1580.00	3000.00	1	2	1	3000	-160
27000	1	0.63	27000	0.27	1778	1778.00	3000.00	1	1	1	3000	1222
30000	4	2.52	120000	1.21	7900	1975.00	3000.00	3	4	3	9000	1100
33000	2	1.26	66000	0.67	4345	2172.50	3000.00	1	1	2	6000	1655
36000	3	1.89	108000	1.09	7110	2370.00	3000.00	1	1	3	9000	1890
42000	3	1.89	126000	1.27	8296	2765.33	3000.00	1	1	3	9000	704
45000	2	1.26	90000	0.91	5925	2962.50	3000.00	1	1	2	6000	75
48000	1	0.63	48000	0.49	3160	3160.00	3000.00	1	1	1	3000	-160
57000	1	0.63	57000	0.58	3753	3753.00	3000.00	1	1	1	3000	-753
60000	1	0.63	60000	0.61	3950	3950.00	3000.00	1	1	1	3000	-950
63000	3	1.89	189000	1.91	12443	4147.67	3000.00	1	1	3	9000	-3443
84000	7	4.40	588000	5.95	38712	5530.29	6000.00	1	1	7	42000	3288
93000	1	0.63	93000	0.94	6123	6123.00	6000.00	1	1	1	6000	-123
99000	4	2.52	396000	4.00	26072	6518.00	6000.00	1	1	4	24000	-2072
108000	1	0.63	108000	1.09	7110	7110.00	6000.00	1	1	1	6000	-1110
111000	2	1.26	222000	2.25	14616	7308.00	6000.00	1	1	2	12000	-2616
120000	1	0.63	120000	1.21	7900	7900.00	9000.00	1	1	1	9000	1100
141000	1	0.63	141000	1.43	9283	9283.00	9000.00	1	1	1	9000	-283
144000	1	0.63	144000	1.46	9481	9481.00	9000.00	1	1	1	9000	-481
150000	2	1.26	300000	3.03	19751	9875.50	9000.00	1	1	2	18000	-1751
165000	1	0.63	165000	1.67	10863	10863.00	12000.00	1	1	1	12000	1137
198000	1	0.63	198000	2.00	13036	13036.00	12000.00	1	1	1	12000	-1036
249000	2	1.26	498000	5.04	32787	16393.50	15000.00	1	1	2	30000	-2787
300000	1	0.63	300000	3.03	19751	19751.00	21000.00	1	1	1	21000	1249
399000	1	0.63	399000	4.04	26269	26269.00	27000.00	1	1	1	27000	731
402000	1	0.63	402000	4.07	26467	26467.00	27000.00	1	1	1	27000	533
1002000	1	0.63	1002000	10.13	65969	65969.00	66000.00	1	1	1	66000	31
1050000	1	0.63	1050000	10.62	69129	69129.00	69000.00	1	1	1	69000	-129
1866000	1	0.63	1866000	18.87	122853	122853.00	123000.00	1	1	1	123000	147
TOTAL	159	100.00	98,88,000	100.00	651,000					73	651000	0

The Board of Directors of the Company at its meeting held on August 01, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before August 02, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior toAugust 01, 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 (NSE EMERGE) within six working days from the date of the closure of the offer.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated July 13, 2017 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue, Link Intime India Private Limited at www.linkintime.co.in. All future correspondence in this regard may ki ndly 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101,247 Park, LBS Marg, Vikhroli (West), Mumbai 400 083, Maharashtra, India
Tel. No.: +91-22 - 49186000 Fax No.: +91 -22 - 49186060 Website: www.linkintime.co.in
Email:soil.ipo@linkintime.co.in Investor Grievance Email: soil.ipo@linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan SEBI Regn. No. INR000004058

Place: Indore Date: 01.08.2017	For SHANTI OVERSEAS (INDIA) LIMITED On behalf of Board of Directors Mr. Mukesh Kacholia Sd/- Chiarman& Managing Director

Shanti Overseas IPO Basis of Allotment FAQs

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

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

Visit the Shanti Overseas IPO allotment status page to check the number of shares allocated to your application.

Shanti Overseas IPO Basis of Allotment

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