Sumit Woods IPO Basis of Allotment

(This is only an advertisement for information purposes and not a Prospectus announcement)

SUMIT WOODS LIMITED
CIN: U36101MH1997PLC152192

Our Company was originally incorporated as 'Sumit Woods Private Limited' at Goa on January 09,1997 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Goa, Daman and Diu at Panaji, Goa. The Registered Office of the Company was thereafter shifted to Mumbai with effect from March 24, 2005. Subsequently, the name of our company was changed to 'Sumit Woods Limited' on February 06, 2018 and a fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai.

Registered Office: B-Wing, Office No-1101, Opp. Reliance Office, Express Zone, W. E. Highway, Malad (East), Mumbai-400 097.
Tel. No.: +91 22 2874 9966/77; E-Mail ID: contact@sumitwoods.com; Website: www.sumitwoods.com
Contact Person: Ms. Rekha Rajaram Dhekale, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: MR. MITARAM JANGID, MR. SUBODH NEMLEKAR, MR. BHUSHAN NEMLEKAR,
MRS. KAVITA NEMLEKAR AND MRS. SHARDA M JANGID

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 40,53,000 EQUITY SHARES OF FACE VALUE OF Rs.10 EACH OF SUMIT WOODS LIMITED ('SUMIT' OR THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF Rs. 45 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 35 PER EQUITY SHARE (THE 'ISSUE PRICE') AGGREGATING TO RS.1823.85 LAKHS (THE 'ISSUE'). THE ISSUE COMPRISES OF 2,19,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 45 PER EQUITY SHARE, AGGREGATING TO Rs. 98.55 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ('MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 38,34,000 EQUITY SHARES OF FACE VALUE OF Rs.10 EACH FOR CASH AT A PRICE OF Rs.45 PER EQUITY SHARE, AGGREGATING UP TO Rs. 1725.30 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.50% AND 25.07% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

The Issue is being made through the Book Building Process wherein:

a) Atleast 35.05% of the Net Issue shall be allocated to retail individual investors; b) Atleast 34.97% of the Net Issue shall be allocated to non-institutional investors; and c) Not more than 29.97% of the Net Issue shall be allocated to qualified institutional buyers:

All investors had participated in this Issue mandatorily through the Applications Supported by Blocked Amount ('ASBA') process by providing details of their respective bank accounts which was blocked by SCSBs.

ISSUE PRICE: Rs. 45 PER EQUITY SHARE
THE FACE VALUE OF THE EQUITY SHARES IS Rs.10 EACH AND THE ISSUE PRICE OF Rs. 45. IS 4.5. TIMES OF THE FACE VALUE

ISSUE OPENED ON WEDNESDAY, AUGUST 29, 2018
AND CLOSED ON FRIDAY, AUGUST 31, 2018

The Equity Shares offered through Red Herring Prospectus are proposed to be listed on the NSE EMERGE. Our Company has received an in-principle approval letter dated July 09, 2018 from NSE for using its name in the offer document for listing of our Equity Shares on the NSE EMERGE. For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Ltd. ('NSE').

All Applicants participated in this Issue 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 Issue has received 1067 applications for 22,932,000 Equity Shares resulting in 5.65 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)

S. N.	Category	Number of Application Received	%	Number of Shares Bid for	%	Subscription
1.	Non Retail Investors	40	3.75	18,492,000	80.64	13.79
2.	Retail Individual Investors	1024	95.98	30,72,000	13.40	2.29
3.	Market Maker	1	0.09	2,19,000	0.95	1.00
4.	QIB	1	0.09	9,99,000	4.36	0.87
5.	Merchant Banker Underwriter Obligation	1	0.09	1,50,000	0.65	1.00
	TOTAL	1067	100.00%	22,932,000	100.00%

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

Technical rejection / Withdrawal

Cstegorj	No. of Applications Rejected	No. of Shares
Reserved for Market Maker	0	0
Non-Retail Investors	1	12,000
Retail Individual Investors	27	81,000
QIB	0	0
Merchant Banker Underwriter Obligation	0	0
Total	28	93,000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

After Technical Rejection

S.N	Category	Number of Applications		Number of			PROPORTIONATE NO. OF EQUfTY SHARES (ALLOCATED) AFTER ROUNDING OFF
S.N	Category	Received (Valid)	%	Shares Bid for	%	Subscription
1	Non Retail Investor's	39	3.76	18480000	80.91	13.78	1341000
2	Retail Individual Investor's	997	95.97	2991000	13.10	2.23	1344000
3	Market Maker	1	0.09	219000	0.96	1.00	219000
4	Merchant Banker Underwriter Obligation	1	0.09	150000	0.66	1.00	150000
5	QIB	1	0.09	999000	4.37	0.86	999000
	TOTAL	1039	100.00	22839000	100.00		4053000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on September 05, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,19,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.45/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 2.23 times. The total number of shares allotted in this category is 13,44,000 Equity Shares to 448 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 Each Category	% to total	Proportionate Shares Available	Allocation per Applicant (Before rounding off)	Allocation per Applicant (After rounding off)	Ratio of Allottees to the Applicants Ratio 1	Ratio of Allottees to the Applicants Ratio 2	No. of Successful Applicant (After rounding off)	Total No. of Shares Allocated/ Allotted	No. of Shares Surplus/ Deficit
3000	997	100.00	2991000	100.00	1344000	1348.04	3,000	31:59		448	1344000	0

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.45/- per Equity Share, was finalized in consultation with NSE. The-catagory was subscribed 13.78 times. The total number of shares allotted in this category is 13,41,000 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 Each Category	Proportionate Shares Available	(Before rounding off)	(After rounding off)	Ratio of Allottees to the Applicants		No. of Successful Applicant (After rounding off)	Total No. of Shares Allocated/ Allotted	Surplus/ Deficit (14)-(7)
6000	4	10.26	24000	1742	435.5	3000	1	4	1	3000	1258
9000	7	17.96	63000	4572	653.14	3000	2	7	2	6000	1428
12000	3	7.69	36000	2612	870.67	3000	1	3	1	3000	388
21000	1	2.56	21000	1524	1524	3000	0	1			-1524
24000	4	10.27	96000	6966	1741.5	3000	1	2	2	6000	-966
33000	1	2.56	33000	2395	2395	3000	1	1	1	3000	605
42000	1	2.56	42000	3048	3048	3000	1	1	1	3000	-48
45000	2	5.14	90000	6531	3265.5	3000	1	1	2	6000	-531
84000	1	2.56	84000	6095	6095	6000	1	1	1	6000	-95
111000	1	2.56	111000	8055	8055	9000	1	1	1	9000	945
222000	2	5.13	444000	32219	16109.5	15000	1	1	2	30000	-2219
222000*						3000	1	2		3000	3000
243000	1	2.56	243000	17633	17633	18000	1	1	1	18000	367
288000	1	2.56	288000	20899	20899	21000	1	1	1	21000	101
360000	1	2.56	360000	26123	26123	27000	1	1	1	27000	877
450000	1	2.56	450000	32654	32654	33000	1	1	1	33000	346
888000	1	2.56	888000	64438	64438	63000	1	1	1	63000	-1438
1332000	2	5.14	2664000	193313	96656.5	96000	1	1	2	192000	-1313
1998000	1	2.56	1998000	144985	144985	144000	1	1	1	144000	-985
2553000	1	2.56	2553000	185258	185258	186000	1	1	1	186000	742
2664000	3	7.69	7992000	579938	193313	192000	1	1	3	576000	-3938
2664000*						3000	1	3		3000	3000
	39	100.00	18480000	1341000					26	1341000	0

D. Allocation to QIB (Mutual Fund+Others) (After Technical Rejections): The Basis of Allotmentto the QIB, at the issue price of Rs. 45/- per Equity Share, was finalized in consultation with NSE. The category was subscribed to the extent of 0.87 times and hence firm allotment was made to QIB by allocating 9,99,000 Equity Shares. The total number of shares allotted in this category is 9,99,000 Equity Shares

E. Allocation to Lead Manager as Underwriter's Obligation (After Technical Rejections & Withdrawal): Unsubscribed portion of 1,50,000 Equity Shares under the category of QBI's brought-in by the Merchant Banker Underwriter's obligation at the price of Rs. 45/- per Equity Share. Book Running Lead Manager, Mark Corporate Advisors Private Limited have agreed to fulfil their underwriting obligation of 100.00% of the Issue Size on their own account and have accordingly subscribed for 1,50,000 Equity Shares. The Basis of Allotment for Lead Manager as Underwriter Category at the issue price of Rs. 45/-per Equity Share, was finalized in consultation with NSE and 1,50,000 Equity Shares were allotted to Mark Corporate Advisors Private Limited.

The Board of Directors of the Company at its meeting held on September 06, 2018 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 to various successful applicants.

The CAN and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on or before September 07, 2018. Further, the instructions to Self Certified Syndicate Banks are being processed on September 06, 2018. 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 NSE 'NSE EMERGE' within six working days from the date of the closure of the Issue. The trading is proposed to be commenced with effect from Monday, September 10, 2018*.

*Subject to receipt of listing and trading approvals from the NSE.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue Bigshare Services Private Limited at http://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 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:

Bigshare Services Private Limited
CIN: U99999MH1994PTC076534t
1 st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis, Makhwana Road, Marol, Andheri (E), Mumbai-400 059.
Contact Person: Mr. Ashok S Shetty
Tel No.: +9122 2847 0652/4043 0200
E-Mail ID: ipo@bigshareonline.com
SEBI RegnNo.: INR000001385

Place: Mumbai Date: September 06, 2018	For Sumit Woods Limited On behalf of the Board of Directors Sd/- Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SUMIT WOODS LIMITED.ALL CAPITALISED TERMS USED AND NOT DEFINED HEREIN SHALL HAVE THE RESPECTIVE MEANINGS ASSIGNED IN THE RED HERRING PROSPECTUS/PROSPECTUS.

Sumit Woods IPO Basis of Allotment FAQs

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

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

Visit the Sumit Woods IPO allotment status page to check the number of shares allocated to your application.

Sumit Woods IPO Basis of Allotment

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