Shreeshay Engineers IPO Basis of Allotment

SHREESHAY ENGINEERS LIMITED

CIN: U67190MH1995PLC087145

Our Company was incorporated as Mohata Capital Services Private Limited on April 04,1995 under the Companies Act, 1956 with the Registrar of Companies, Mumbai. Subsequently, the name of our Company was changed to Shreeshay Engineers Private Limited pursuant to a Fresh Certificate of Incorporation Consequent on Change of Name dated April 18, 2006, bearing registration number 087145 issued by the Assistant Registrar of Companies, Mumbai. Pursuant to a resolution of the Board of Directors dated November 03,2017 and Shareholders of the Company dated December 06,2017, the status of our Company was changed to public limited company and the name was changed to Shreeshay Engineers Limited. A fresh certificate of incorporation consequent upon conversion was granted to our Company on December 11, 2017 by the Registrar of Companies, Mumbai. The Corporate Identity Number of our Company is U67190MH1995PLC087145. For further details pertaining to the change of name of our Company and the change in registered office, please refer the chapter titled 'History and Certain Corporate Matters' on page no. 100 of the Prospectus.

Registered Office: 501, Kailas Plaza, V.B. Lane, Ghatkopar East, Mumbai - 400 077.
Contact Person: Mrs. Shruti G Bang, Company Secretary & Compliance Officer.
Tel No.: +91-22-2508 2300/2400; Fax No.: +91-22-2508 2400; Email: info@shreeshay.com; Website: www.shreeshay.com

PUBLIC ISSUE OF 36,00,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') OF SHREESHAY ENGINEERS LIMITED ('SEL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS. 15 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 540.00 LAKHS ('THE ISSUE'), OF WHICH 1,92,000 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 34,08,000 EQUITY SHARES OF RS. 10 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.27% AND 25.81 %, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 AND
THE ISSUE PRICE IS 1.50 TIMES OF THE FACE VALUE

The Equity Shares of the Company are proposed to be listed on the BSE Limited ('BSE'). Our Company has received an approval from BSE for the listing of the Equity Shares pursuant to letter dated February 16,2018. BSE shall be the Designated Stock Exchange for the purpose of this Issue. The trading is proposed to be commenced on March 21,2018 (Subject to receipt of listing and trading approvals from the BSE Limited).

The Issue is being made through the Fixed Price process, the allocation in the Net Issue to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Issue of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Issue of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies/ Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Issue only 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 Net Issue has received 215 applications for 35,84,000 Equity Shares resulting in 1.052 times subscription. The details of the applications received in the Net Issue (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received

Note: The Issue also includes 1,92,000 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal. In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 1,76,000 Equity Shares in Non - Retail Category & under subscription of 8,000 Equity Shares in Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange-BSE Limited on March 16,2018.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Issue Price of Rs.15 per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,92,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

B) Allocation to Retail Individual Investors (After Technical Refections & Withdrawals): The Basis of Allotment to the Retail Individual investors, at the Issue Price of Rs.15 per Equity Share, was finalised in consultation with BSE, Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 16,96,000 Equity Shares. The category was subscribed by 0.995 times. The category-wise details of the Basisof Allotment are as under:

C) Allocation-to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Issue Price of Rs. 15 per Equity Share, was finalised in consultation with BSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 17,12,000 Equity Shares (including un-subscribed portion of 8,000 Equity Shares of Retail Individual Investors category). The category was subscribed by 1.103 times. The category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on March 19,2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants. The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before March 20,2018 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of BSE Limited within 6 working days from the Closure of the Issue. The trading Is proposed to be commenced on March 21,2018, subject to receipt of listing and trading approvals from BSE Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated February 27, 2018 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Issue, Bigshare Services Private Limited at Website: 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 Applicant, 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 given below:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai - 400059
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