Sikko Industries IPO Basis of Allotment

SIKKO INDUSTRIES LIMITED
CIN:U51909GJ2000PLC037329

Our Company was originally incorporated as 'Sikko Sprayers Private Limited' on February 8, 2000 under the provisions of Companies Act. 1956 vide certificate of Incorporation issued by Deputy Registrar of Companies, Gujarat. Dadra and Nagar Haveli at .Ahmedabad. Consequent up on the conversion of our Company into public limited company, the name of our Company was changed to'Sikko Sprayers Limited' vide fresh certificate of incorporation dated March 16. 2010 issued by the Assistant Registrar of Companies. Gujarat. Dadra and Nagar Haveli Subsequently the name of our company was changed to 'Sikko Industries Limited' and Fresh certificate of Incorporation pursuant to change of name was issued by Assistant Registrar of Companies, Gujarat and Dadra Nagar Haveli on March 17. 2010.

Registered office: 508, Iscon Elegance. Nr. Jain Temple. Nr. Prahladnagar Pick up Stand. Vejalpur. Ahmedabad - 380 051. Website: www.sikkoindia.com Company Secretary and Compliance Officer: Ms. Maitry Doshi; Tel No.: +91-79-6616 8950:   E-Mail; compliance@sikkoindia.com

PROMOTERS OF THE COMPANY:

Mr. Ghanshyambhai kumbhani & Mr.Jayantibhai kumbhani

BASIS OF ALLOTMENT

SIKKO INDUSTRIES LIMITED-SME IPO

PUBLIC ISSUE OF 16.00.000 EQUITY SHARES OF  FACE VALLUE OF RS 10 EACH OF SIKKO INDUSTRIES LIMITED ('SIL'OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 32 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 22 PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING TO RS 512.00 LACS ('THE ISSUE') OF WHICH 80.000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 32 PER EQUITY' SHARE INCLUDING A SHARE PREMIUM OF RS 22 PER EQUITY SHARE AGGREGATING TO RS 25.60 LACS 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. NET ISSUE OF 15.20.000 EQUITY SHARES OF FACF VALUE OF RS 10 EACH AT A PRICE OF RS 32 PER EQUITY' SHARE INCLUDING PREMIUM OF RS 22 PER EQUITY SHARE AGGREGATING TO RS 486.40 LACS IS HEREIN AFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28,57% AND 27.14% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY 'SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated March 29.2017 and as per Regulation 43 (4) of SEBI (ICDR) Regulations. 2009 wherein (a) minimum of 50' .of the Net Offer to Public shall be initially made available to Retail Individual Investor and (b) The balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail individual investors and ii) other investors including corporate bodies or institutions, irrespective of number of specified securities applied for. c) The unsubscribed portion in either of the categories specified in (a) or (b) above may be allocated to the applicants in the other category.

Explanation: For the purpose of Regulation 43 (4) of SFBI (ICDR) Regulations. 2009. if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage THE FACE VALUE OF THE EQUITY SHARES IS RS 10/-EACH AND THE ISSUE PRICE IS RS 32/- EACH INCLUDING  SHARE PREMIUM OF RS 22 PER EQUITY SHARE. THE ISSUE PRICE IS 3.2 TIMES OF THE FACE VALUE. ISSUE OPENED ON APRIL 5.20I7 (WEDNESDAY) AND CLOSED ON APRIL 7,2017 (FRIDAY).The Equity Shares offered through the Prospectus are proposed to be listed on Emerge Platform of National Stock Exchange of India Limited ('NSE Emerge'). In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009. as amended from time to time, our Company has received an observation letter dated March 17.2017 from National Stock Exchange of India Limited for using its name in the offer document for listing our shares on the Emerge Platform of National Stock Exchange of India Limited. For the purpose of this Issue, the designated Stock Exchange will be the National Stock Exchange of India Limited ('NSE')

SUBSCRIPTION DETAILS

Details of Applications:
The Issue has received 3550 application (before Technical Rejections) for 1,92,68,000 Equity Shares (Including Market Maker Application of 80.000 Equity Shares) resulting 12.042 times subscription. The details of the applications received in the Issue (before rejections) are as follows:
Details of the valid Applications Received (before Technical Rejections & Withdrawal of Application):

Total 48 application  received in Retail Individual Investor Category were rejected on technical grounds Further, there was no withdrawal of application in any of the category.
ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on April 12, 2017.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 32/- per Equity Share. was finalized in consulation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 80,000 Equity shares in full, out of reserved portion of 80,000 Equity Shares.
B. Allocation to Retail Individual Investor (After Technical Rejections & Withdrawal, if any): The Basis of Allotment to the Retail Individual Investois. at the issue price of Rs 32/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 12.474 times. Total number of shares allotted in this category is 10,88,000 Equity Share as under;

C. Allcation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs 32/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 12.556 times Total number of shares allotted in this category is 4,32,000 Equity Shares The category wise basis of allotment is as under:

The Board of Directors of the Company at its meeting held on April 12. 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares /dispatch of share certificates to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are beinp dispatched to the address of the Applicants as registered with the depositories  as filled in the application form on or before April 15. 2017 Further, the instructions to Self Certified Syndicate Banks being processed on or before April 13. 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 the National Stock Exchange of India Limited within Six working days from the date of the closure of the Issue. The trading is proposed to be commenced on or before April 18, 2017 subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE