SKS Textiles IPO Basis of Allotment

S K S TEXTILES LIMITED
CIN: U17000MH1997PLC111406

Our Company was incorporated as S K S Textiles Private Limited on October 20,1997 under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 111406. The status of our Company was changed to a public limited company and the name of our Company was changed to S K S Textiles Limited by a special resolution passed on August 21,2017. A fresh Certificate of Incorporation consequent upon conversion was issued on September 08,2017 by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U17000MH1997PLC111406. For further details, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page no. 110 of the Prospectus.

Registered Office: Gala No. 431, Kewal Industrial Estate, 4th Floor, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013.
Tele No.: +91-22-6120 6222; Fax No.: +91-22-6120 6200; Email: info@groupsks.com; Website: www.groupsks.com
Contact Person: Mrs. Naveena Singh, Company Secretary and Compliance Officer

BASIS OF ALLOTMENT

PUBLIC OFFER OF 8,88,000 EQUITY SHARES OF RS 10/- ('EQUITY SHARES') OF S K S TEXTILES LIMITED ('STL' OR THE 'COMPANY' OR 'THE ISSUER') FOR CASH AT A PRICE OF RS 150/- PER SHARE (THE 'OFFER PRICE'), AGGREGATING TO RS 1,332.00 LAKHS ('THE OFFER') CONSISTING OF FRESH ISSUE OF 4,38,000 EQUITY SHARES AGGREGATING TO RS 657.00 LAKHS AND AN OFFER FOR SALE OF 4,50,000 EQUITY SHARES BY THE PROMOTER & PROMOTER GROUP SELLING SHAREHOLDERS AGGREGATING TO RS 675.00 LAKHS ('OFFER FOR SALE'), OF WHICH 48,000 EQUITY SHARES OF RS 10/- WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 8,40,000 EQUITY SHARES OF RS 10/- IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.24% AND 25.77%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND
THE OFFER PRICE OF RS 15 IS 1.5 TIMES OF THE FACE VALUE

The Equity Shares of the Company are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited ('NSE'). Our Company has received an approval from NSE for the listing of the Equity Shares pursuant to letter dated October 13,2017. NSE shall be the Designated Stock Exchange for the purpose of this Offer. The trading is proposed to be commenced on January 19,2018 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited). The Offer is being made through the Fixed Price process, the allocation in the Net Offer 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 Offer of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Offer 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-overt 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 Offer 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 Offer has received 9,465 applications for 1,21,03,000 Equity Shares resulting in 14.4083 times subscription. The details of the applications received in the Net Offer (before and after technical rejections & withdrawal) are as follows:
Detail of the Applications Received

CATEGORY	Before Technical Rejections & Withdrawals		After Technical Rejections & Withdrawals
CATEGORY	No. of Applications	No. of Equity Shares	No. of Applications	No. of Equity Shares
Retail Individual Applicant Non - Retail Applicant	9,381 84	93,81,000 27,22,000	9,265 82	92,65,000 27,18,000
Total	9,465	1,21,03,000	9,347	1,19,83,000

Note: The Offer also includes 48,000 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 25,28,000 Equity Shares in Non - Retail Category & over subscription 86,15,000 Equity Shares in Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on January 17,2018.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Offer Price of Rs 150 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 48,000 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 Shares applied in each category	% to total	Allocation per Applicant	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
48,000	1	100.00	48,000	100.00	48,000	1:1	48,000
Total	1	100.00	48,000	100.00			48,000

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs 150 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 6,50,000 Equity Shares. The category was subscribed by 14.2538 times. 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 Shares applied in each category	% to total	Allocation per Applicant	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
1,000	9,265	100.00	92,65,000	100.00	1,000	4:57	6,50,000
Total	9,265	100.00	92,65,000	100.00			6,50,000

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Offer Price of Rs 150 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 1,90,000 Equity Shares. The category was subscribed by 14.3053 times. 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 Shares applied in each category	% to total	Allocation per Applicant	Ratio of Allottees to the Applicant	Total No. of Shares Allotted
2,000	20	24.39	40,000	1.47	1,000	1:10	2,000
3,000	4	4.88	12,000	0.44	1,000	1:4	1,000
4,000	6	7.32	24,000	0.88	1,000	1:3	2,000
5,000	3	3.66	15,000	0.55	1,000	1:3	1,000
6,000	1	1.22	6,000	0.22	1,000	1:1	1,000
7,000	4	4.88	28,000	1.03	1,000	1:2	2,000
8,000	3	3.66	24,000	0.88	1,000	2:3	2,000
9,000	2	2.44	18,000	0.66	1,000	1:2	1,000
10,000	6	7.32	60,000	2.21	1,000	2:3	4,000
11,000	1	1.22	11,000	0.40	1,000	1:1	1,000
12,000	1	1.22	12,000	0.44	1,000	1:1	1,000
14,000	1	1.22	14,000	0.52	1,000	1:1	1,000
15,000	2	2.44	30,000	1.10	1,000	1:1	2,000
17,000	1	1.22	17,000	0.63	1,000	1:1	1,000
19,000	1	1.22	19,000	0.70	1,000	1:1	1,000
20,000	2	2.44	40,000	1.47	1,000	1:1	2,000
25,000	2	2.44	50,000	1.84	2,000	1:1	4,000
26,000	2	2.44	52,000	1.91	2,000	1:1	4,000
30,000	1	1.22	30,000	1.10	2,000	1:1	2,000
32,000	1	1.22	32,000	1.18	2,000	1:1	2,000
33,000	5	6.10	1,65,000	6.07	2,000	1:1	10,000
33,000	(Lottery System - Serial No. of Qualifying Applicant is 1)				1,000	1:5	1,000
37,000	1	1.22	37,000	1.36	3,000	1:1	3,000
40,000	1	1.22	40,000	1.47	3,000	1:1	3,000
43,000	1	1.22	43,000	1.58	3,000	1:1	3,000
66,000	2	2.44	1,32,000	4.86	4,000	1:1	8,000
66,000	(Lottery System - Serial No. of Qualifying Applicant is 1)				1,000	1:2	1,000
70,000	1	1.22	70,000	2.58	5,000	1:1	5,000
88,000	1	1.22	88,000	3.24	6,000	1:1	6,000
1,00,000	1	1.22	1,00,000	3.68	7,000	1:1	7,000
1,39,000	1	1.22	1,39,000	5.11	10,000	1:1	10,000
1,40,000	1	1.22	1,40,000	5.15	10,000	1:1	10,000
1,50,000	1	1.22	1,50,000	5.52	10,000	1:1	10,000
2,40,000	1	1.22	2,40,000	8.83	17,000	1:1	17,000
8,40,000	1	1.22	8,40,000	30.91	59,000	1:1	59,000
Total	82	100	27,18,000	100			1,90,000

The Board of Directors of the Company at its meeting held on January 17,2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE 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 January 17,2018 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 Offer at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of National Stock Exchange of India Limited within 6 working days from the Closure of the Offer. The trading is proposed to be commenced on January 19,2018, subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 01,2018 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Offer, Sharex Dynamic (I) Private Limited at Website: www.sharexindia.com All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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:

SHAREX DYNAMIC (I) PRIVATE LIMITED
Unit No 1, Luthra Ind. Premises, 1 st Floor, 44 - E,
M. Vasanji Marg, Andheri Kurla Road, Safed Pool, Andheri (E), Mumbai - 400 072
Tel: +91 - 22 - 2851 5606 Fax: +91 - 22 - 2851 2885
Email: sharexindia@vsnl.com; Website: www.sharexindia.com
Contact Person: Mr. K. C. Ajitkumar; SEBI Registration No.: INR000002102

Place : Mumbai Date : January 17,2018	For S K S Textiles Limited On Behalf of the Board of Directors Sd /- Managing Director and Chief Financial Officer

SKS Textiles IPO Basis of Allotment FAQs

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

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

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SKS Textiles IPO Basis of Allotment

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