January 22, 2018 - January 25, 2018

Solex Energy IPO Basis of Allotment

SOLEX ENERGY LIMITED
Corporate Identification Number of our Company is U40106GJ2014PLC081036

Our Company was originally incorporated on October 13, 2014 as 'Solex Energy Private Limited' under the provisions of the Companies Act, 2013 with the registrar of Companies, Gujarat bearing Registration no 081036, Further our Company was converted into Public Limited Company and consequently name of company was changed from 'Solex Energy PrivateLimited' to 'Solex Energy Limited' vide special resolution passed by the Shareholders at the Annual General Meeting held on September 09, 2017. A Fresh certificate of incorporation consequence to conversion was issued on september 22, 2017 by the Registrar of Companies, Ahmedabad. For further details please refer to chapter titled 'History and Certain Corporate Matters' beginning on page 104 of the Prospectus.

Registered Office: Plot No. 131/A. Phase 1. Nr. Krimy Industries, GIDC, Vithal Udyognagar, Anand-388121, Gujarat, India.
Tel No: +91-2692-230317 Fax No: +91-2692-231216 E-mail: info@solex.in , Website: www.solex.in
CONTACT PERSON: MRS. JANKIBEN JAYDEEPSINH SISODIYA, (COMPANY SECRETARY & COMPLIANCE OFFICER)

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 13,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF SOLEX ENERGY LIMITED ('OUR COMPANY' OR 'ISSUER') FOR CASH AT A PRICE OF RS 52.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 42.00 PER EQUITY SHAR E) ('ISSUE PRICE') AGGREGATING TO RS 717.60 LAKHS ('ISSUE') OF WHICH 72,000 EQUITY SHARE S OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 52.00 PER EQUITY SHARE, AGGREGATING TO RS 37.44 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 13,08,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 52.00 PER EQUITY SHARE AGGREGATING TO RS 680.16 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.94% AND 26.48% , 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 192 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE 'SEBI ICDR REGULATIONS'), AS AMENDED, THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43{4) OF THE SEBI (ICDR) REGULATIONS. 2009. AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED 'ISSUE PROCEDURE' BEGlNNING ON PAGE 200 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 52.00. THE ISSUE PRICE IS 5.2 TIMES OF THE FACE VALUE

ISSUE OPENED ON: MONDAY, JANUARY 22, 2018 AND ISSUE CLOSED ON: THURSDAY, JANUARY 25, 2018 PROPOSED LISTING: FEBRUARY 05, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ('NSE' i.e. 'NSE EMERGE') Our Company has received an approval letter dated January 08, 2018 fron NSE for using its name in this 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 Lmited. The trading is proposed to be commenced on ar about February 05, 2018.*

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

All Applicant 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 8150 applications for 2,42,92,000 Equity Shares resulting in 18.11 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 Makers	01	0.01	72,000	0.29	1.00
Retail Individual Investors	8035	98.59	1,60,70,000	64.30	24.57
Other Than Retail Individual Investors	114	1.40	88,50,000	35.41	13 53
TOTAL	8150	100.00	2,49,02,000	100.00	18.11

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

Catcgory	No. of Applications	No. of Equity Shares
Market Makers	Nil	Nil
Retail Individual Investors	117	2,34,000
Other Than Retail Individual Investors	2	44,000
Total	119	2,78,000

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

Category	No.of Applications	%	Reserved Portion (as per Prospectus)	No. of Valid Shares applied	% of Total Applied	Subscription (Times)
Market Maker	1	100	72,000	72,000	100	1.00
Total	1	100	72,000	72,000	100	1.00

Category	No. of Applications	%	Reserved Portion (as per Prospectus)	Proportionate Issue Size (After rounding off)	No. of Valid Shares applied	ft of Total Applied	Subscription (Times)
Retail Individual Investors	7918	98.61	6,54,000	8,40,000	1,58,36,000	64.26	18.85
Other than Retail Individual Investors	112	1.39	6,54,000	4,68,000	88,06,000	35.74	18.62
Total	8030	100.00	13,08,000	13,08,000	2,46,42,000	100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on January 31,208.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment in the Market Maker, at the issue price of Rs 52 per Equity Share, was finalised in consultation wilh NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 72,000 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	% to 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
72,000	1	100	72,000	100	72,000	72,000	72,000	1	1	1	72,000	--
TOTAL	1	100	72,000	100	72,000	72,000	72,000	1	1	1	72,000	--

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individua Investors, at the issue price of Rs 52 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 18.85 times i.e. for 1,58,36,000 Equity Shares. Total number of shares allotted in this category is 8,40,000 Equity Shares to 420 successful applicants.
The category wise details of the Basis of Allotment areas under:

No of Shares Applied for (Category wise)	No. Of Applications Received	% to Total	Total No. of Equity Shares applied in this Category	% to Total	Proportionate Shares Available	Allocation per Applicant (before Rounding Off)	Allocation per Applicant (after Rounding Off)	Ratio of Allottees to AppliCant: Ratio 1	Ralio 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
2000	7918	100	1,58,36,000	100	8,40,000	106.09	2000	210	3959	420	8,40,000	0.00
TOTAL	791S	100	1,58,36,000	100	8,40,000					420	8,40,000	0.00

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 Rs 52 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 18.12 times i.e. for 88,06,000 shares the total number of shares allotted in this category is 4,68,000 Equity Shares to 65 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	% to Total	Proportionate Shares Available	Allocation per Applicant (before Rounding Off)	Allocation per Applicant (after Rounding Off)	Ratio of Allottees to AppliCant: Ratio 1	Ralio 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
4000	33	29.46	132,000	1.50	7,015	212.58	2,000	4	33	4	8,000	-985
6000	7	6 25	42,000	0.48	2,232	318.87	2,000	1	7	1	2,000	232
8000	5	4.46	40,000	0.45	2,126	425.16	2,000	1	5	1	2,000	126
10000	3	2.68	30,000	0.34	1,594	531.46	2,000	1	3	1	2,000	-406
12000	1	0.89	12,000	0.14	638	637.75	2,000	0	3	0	-	638
18000	2	1.79	36,000	0.41	1,913	956.62	2,000	1	2	1	2,000	-87
20000	3	2.68	60,000	0.68	3,189	1062.91	2,000	2	3	2	4,000	-811
22000	1	0.89	22,000	0.25	1,169	1169.20	2,000	1	1	1	2,000	-831
24000	3	2.68	72,000	0.82	3,826	1275.49	2,000	2	3	2	4,000	174
26000	1	0.89	26,000	0.30	1,382	1381.79	2,000	1	1	1	2,000	-618
28000	2	1.79	56,000	0.64	2,976	1488.08	2,000	1	2	1	2,000	976
30000	3	2.68	90,000	1.02	4,783	1594.37	2,000	2	3	2	4,000	783
32000	1	0.89	32,000	036	1,701	1700.66	2,000	1	1	1	2,000	-299
36000	1	0.89	36,000	0.41	1,913	1913.24	2,000	1	1	1	2,000	-87
38000	2	1.79	76,000	0.86	4,039	2019.63	2,000	1	1	2	4,000	39
40000	1	0.89	40,000	0.45	2,126	2125.82	2,000	1	1	1	4,000	126
42000	1	0.89	42,000	0.48	2,232	2232.11	2,000	1	1	1	2,000	232
44000	2	1.79	88,000	1.00	4,677	2338.41	2,000	1	1	2	4,000	677
46000	2	1.79	92,000	1.04	4,889	2444.70	2,000	1	1	2	4,000	889
48000	2	1.79	96,000	1.09	5,102	2550.99	2,000	1	1	2	4,000	-898
48000							2,000	1	2	0	2,000	-898
50000	3	2.68	150,000	1.70	7,972	2657.28	2,000	1	1	3	6,000	-28
50000							2,000	1	3	0	2,000	-28
58000	1	0.89	58,000	0.66	3,082	3082.44	4,000	1	1	1	4,000	-918
62000	1	0.89	62,000	0.70	3,295	3295.03	4,000	1	1	1	4,000	-705
64000	2	1.79	128,000	1.45	6,803	3401.32	2,000	1	1	2	4,000	803
64000							2,000	1	2	0	2,000	803
76000	1	0.89	76,000	0.86	4,039	4039.06	4,000	1	1	1	4,000	39
82000	1	0.89	82,000	0.93	4,358	4357.94	4,000	1	1	1	4,000	358
84000	1	0.89	84,000	0.95	4,464	4464.23	4,000	1	1	1	4,000	464
90000	1	0.89	90,000	1.02	4,783	4783.10	4,000	1	1	1	4,000	783
96000	2	1.79	192,000	2.18	10,204	5101 98	4,000	1	1	2	8,000	204
96000							2,000	1	2	0	2,000	204
100000	1	0.89	1,00,000	1.14	5,315	5314.56	6,000	1	1	1	6,000	-685
114000	2	1.79	228,000	2.59	12,117	6058.60	6,000	1	1	2	12,000	117
144000	1	0.89	144,000	1.64	7,653	7652.96	8,000	1	1	1	8,000	-347
170000	1	0.89	170,000	1.93	9,035	9034.75	10,000	1	1	1	10,000	-965
192000	5	4.46	960,000	10.90	51,020	10203.95	10,000	1	1	5	50,000	-980
192000							2,000	1	5	0	2,000	-980
200000	2	1.79	400,000	4.54	21,258	10629.12	10,000	1	1	2	20,000	-742
200000							2,000	1	2	0	2,000	-742
222000	1	0.89	222,000	2.52	11,798	11798.32	12,000	1	1	1	12,000	-202
288000	1	0.89	288,000	3.27	15,306	15305.93	16,000	1	1	1	16,000	-694
298000	1	0.89	298,000	3.38	15,837	15837.38	16,000	1	1	1	16,000	-163
400000	1	0.89	400,000	4.54	21,258	21258.23	20,000	1	1	1	20,000	1258
480000	5	4.46	2,400,000	27.25	127,549	25509.88	24,000	1	1	5	120,000	1549
							2,000	3	5	0	6,000	1549
576000	1	0.89	576,000	6.54	30,612	30611.86	30,000	1	1	1	30,000	612
578000	1	0.89	578,000	6.56	30,718	30718.15	30,000	1	1	1	30,000	718
	112	100	88,06,000	100	4,68,000					65	4,68,000	0

The Board of Directors of the Company at its meeting held on January 31, 2018 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE and in meeting held on February 01,2018 has authorized the corporate action for issue of the Equity Shares to Various successful applicants.
The CAN-cum-Refund advices and allotrnent advice- and/or notices will forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before February 02, 2018 Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to February 02, 2018.In case the same is not received within 10 days, investors may contact at the address given belolw. The Equity Shares allocated to successful applicants are being credited to their beneficiary account 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 issue.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated January 12, 2018 ('Prospectus')

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the registrar to the issue, Skyline Financial Services Private Limited at www.skylinerta.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:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Indutrial Area, Phase-I, New Delhi-110020
Tel No.: +91 11 64732681-88, Fax No.; +91 11 26292682
Email: virenr@skylinerta.com
Investor Grievance Email: grievances@skylinerta.com ,Website: www.skylinerta.com
Contact Person; Mr Virender Rana, SEBI Regn, No,; INR000003241

Place : Anand, Gujarat Date : February 01, 2018	For SOLEX ENERGY LIMITED On behalf Of the Board of Directors sd/- Mr Kalpeshkumar Ramanbhai Patel Chairman and Managing Director DIN:-01066992

Solex Energy IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in Solex Energy IPO .

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

Visit the Solex Energy IPO allotment status page to check the number of shares allocated to your application.

In Solex Energy IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the Solex Energy IPO basis of allotment document to know how the shares are allocated in Solex Energy IPO.

Solex Energy IPO Basis of Allotment

Solex Energy IPO Basis of Allotment FAQs

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