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July 28, 2017 - August 1, 2017

Surevin IPO Basis of Allotment

SUREVIN BPO SERVICES LIMITED
CORPORATE IDENTITY NUMBER: U74999MP2007PLC019623

Our Company was incorporated on June 18, 2007 as Surevin BPO Services Private Limited under the provisions of the Companies Act, 1956 with Certificate of Incorporation issued by the Registrar of Companies Madhya Pradesh and Chattisgarh on June 18, 2007 with Registration Number 019623. Subsequently, our Company was converted into a public limited company pursuant to special resolution passed at the Extra Ordinary General Meeting of our Company held on September 02, 2016 and the name of our Company was changed to Surevin BPO Services Limited and a Fresh Certificate of Incorporation dated September 23, 2016 was issued by the Registrar of Companies, Gwalior, Madhya Pradesh now bearing CIN U74999MP2007PLC019623. For details of changes in name and registered office of our Company, please refer to the section titled 'History and Certain Corporate matters' beginning on page 89 of the Prospectus.

Registered Office: 40, Mandakini Housing Society, Behind Reliance Fresh, Kolar Road, Bhopal: 462036, Madhya Pradesh, India. Tel.: +91 0755-4278897
E-mail: cs@surevin.com; Website: www.surevin.com; Contact Person: Mr. Ashish Soni, Company Secretary & Compliance Officer

PROMOTERS OF THE COMPANY: MR. ABHISHEK GUPTA AND MRS. SONIKA GUPTA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 9,12,000 EQUITY SHARES OF A FACE VALUE OF RS 10 EACH (THE 'EQUITY SHARES') OF SUREVIN BPO SERVICES LIMITED ('SBSL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS 40.00 PER SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS 364.80 LAKHS ('THE ISSUE'), OF WHICH, 48,000 EQUITY SHARES OF RS 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE ISSUE (AS DEFINED IN THE SECTION 'DEFINITIONS AND ABBREVIATIONS') (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 8,64,000 EQUITY SHARES OF RS 40.00 EACH IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE' AGGREGATING UP TO RS 345.60 LAKHS (THE 'ISSUE'). THE ISSUE AND THE NET ISSUE CONSTITUTE 26.93% AND 25.51%, RESPECTIVELY OF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME). FOR FURTHER DETAILS PLEASE REFER TO 'SECTION TITLED ' ISSUE INFORMATION' BEGINNING ON PAGE 170 OF THE PROSPECTUS.

ISSUE PRICE: RS 40 PER EQUITY SHARE OF FACE VALUE OF RS 10 EACH.
THE ISSUE PRICE IS 4.0 TIMES THE FACE VALUE.

Risk to Investors

i) The Merchant Banker associated with the Issue has handled 31 public issues in the past three years, out of which 4 issues closed below the issue price on listing date.
ii) The Price / Earnings ratio based on basic and diluted EPS (post bonus) for the FY 2017 for the Company at the lower and upper end of the Price band is 6.19 times and 6.51 times respectively.
iii) The average cost of acquisition per Equity Share for our Promoters namely, Mr. Abhishek Gupta is Rs 0.66 and Rs 0.48 for Mrs. Sonika Gupta.

The weighted average return on networth for Fiscals 2015, 2016 and 2017 based on Restated Financial Statements is 43.51%.

BID/ISSUE PROGRAMME:
ISSUE OPENED ON: FRIDAY JULY 28, 2017 | ISSUE CLOSED ON: TUESDAY AUGUST 01, 2017

PROPOSED LISTING: WEDNESDAY, AUGUST 09, 2017*

The Equity Shares Issued through the Red Herring Prospectus are proposed to be listed on the SME Platform of NSE. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, our Company has received an approval letter dated November 29, 2016 from NSE for using its name in the Offer Document for listing of our shares on the SME Platform of NSE. For the purpose of this Issue, the designated Stock Exchange will be the emerge platform of National Stock Exchange of India Limited ('NSE EMERGE'). The trading is proposed to be commenced with effect from Wednesday, August 09, 2017.*

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

In terms of SEBI Circular No. CIR/CFD/POLICYCELL/11/2015, All potential investors may participate in the Issue through an Application Supported by Blocked Amount ('ASBA') process providing details about the bank account which will be blocked by the Self Certified Syndicate Banks ('SCSBs') for the same.

SUBSCRIPTION DETAILS

The Issue has received 4,85,94,000 Equity Shares for 9,12,000 Equity Shares resulting in 53.28 times subscription (including reserved portion of Market Maker). The details of the applications received in the Issue (before technical rejections) are as follows: Details of the Applications Received (Before Technical Rejection):

Cateqory No. of
Applicants
% No. of
Equity Shares
% Subscription
(Times)
Market Maker 1 0.02 48,000 0.10 1.00
Retail Individual Investors 5192 96.27 1,55,76,000 32.05 36.06
Other than Retail Individual Investors 200 3.71 3,29,70,000 67.85 76.32
Total 5393 100 4,85,94,000 100 53.28

The details of applications rejected by the Registrar on technical qrounds are detailed below (Technical rejection):

Cateqory No. of
Applications
No. of
Equity Shares
Market Maker - -
Retail Individual Investors 120 3,60,000
Other than Retail Individual Investors 8 1,11,000
Total 128 4,71,000

After eliminatinq technically rejected applications, the following tables qive us Cateqory wise net valid applications:

Cateqory No. of
Applicants
% Reserved Portion
(as per Prospectus)
No. of Valid
Shares applied
% of
total Applied
Subscription
(Times)
Market Maker 1 0.02 48,000 48,000 0.10 1.00
Retail Individual Investors 5072 96.33 4,32,000 1,52,16,000 31.62 35.22
Other than Retail Individual Investors 192 3.65 4,32,000 3,28,59,000 68.28 76.06
Total 5265 100 9,12,000 4,81,23,000 100 52.7664

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on August 07, 2017.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 40 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 48,000 Equity Shares. The Cateqory-wise details of the Basis of Allotment are as under:

No. of
shares
applied for
(Cateqory
wise)
No. of
applications
received
% To
Total
Total No.
of shares
applied
in each
cateqory
% to
Total
Proportionate
shares
available
Allocation
per
Applicant
before
roundinq off
Allocation
per
Applicant
after
roundinq off
Ratio of
allottees to
applicants
Number of
successful
applicant
after
rounding
% to
Total
Total
No. of
Shares
Alloted
% to
Total
No. of
Shares
Surplus/
Deficit
48,000 1 100 48,000 100 48,000 48,000 48,000 1 1 100 48,000 100 0
Total 1 100 48,000 100 48,000 100 48,000 100 0

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 40 per Equity Share, was finalized in consultation with NSE. The category was subscribed by 35.22 times. The total number of shares allotted in this category is 4,32,000 Equity Shares to 144 successful applicants.

The Cateqory-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
% tgo
Total
Proportionate
shares
available
Allocation
per
Applicant
before
rounding off
Allocation
per
Applicant
after
rounding off
Ratio of
allottees to
applicants:
RATIO 1
Ratio of
allottees to
applicants:
RATIO 2
Number of
successful
applicant
(after
rounding off)
% to
Total
Total no.
of Shares
Allocated
/ allotted
% to
Total
No. of
Shares
Surplus/
Deficit
3,000 5072 100 1,52,16,000 100 4,32,000 85.17 3,000 9 317 144 100 4,32,000 100 0
Total 5072 100 1,52,16,000 100 4,32,000 144 100 4,32,000 100 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs 40 per Equity Share, was finalized in consultation with NSE. The category was subscribed 76.06 times. The total number of shares allotted in this category is 4,32,000 Equity Shares to 92 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 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
applicants:
RATI01
Ratio of
allottees to
applicants:
RATIO 2
Number of
successful
applicant
(after
rounding off)
% to
Total
 

Total no.
of Shares
Allocated/ allotted

% to
Total
No. of
Shares
Surplus/
Deficit
6,000 26 13.54 156,000 0.47 2051 78.88 3,000 1 26 1 1.09 3000 0.69 -949
9,000 16 8.33 144,000 0.44 1893 118.31 3,000 1 26 1 1.09 3000 0.69 -1107
12,000 15 7.81 180,000 0.55 2366 157.73 3,000 1 15 1 1.09 3000 0.69 -634
15,000 5 2.60 75,000 0.23 986 197.20 3,000 1 5 1 1.09 3000 0.69 -2014
18,000 7 3.65 126,000 0.38 1657 236.71 3,000 1 7 1 1.09 3000 0.69 -1343
21,000 2 1.04 42,000 0.13 552 276.00 3,000 1 2 1 1.09 3000 0.69 -2448
24,000 7 3.65 168,000 0.51 2209 315.57 3,000 1 7 1 1.09 3000 0.69 -791
27,000 3 1.56 81,000 0.25 1065 355.00 3,000 1 3 1 1.09 3000 0.69 -1935
30,000 4 2.08 120,000 0.37 1578 394.50 3,000 1 4 1 1.09 3000 0.69 -1422
33,000 1 0.52 33,000 0.10 434 434.00 3,000 1 1 1 1.09 3000 0.69 -2566
36,000 2 1.04 72,000 0.22 947 473.50 3,000 1 2 1 1.09 3000 0.69 -2053
39,000 1 0.52 39,000 0.12 513 513.00 3,000 1 1 1 1.09 3000 0.69 -2487
42,000 3 1.56 126,000 0.38 1657 552.33 3,000 1 3 1 1.09 3000 0.69 -1343
45,000 3 1.56 135,000 0.41 1775 591.67 3,000 1 3 1 1.09 3000 0.69 -1225
48,000 4 2.08 192,000 0.58 2524 631.00 3,000 1 4 1 1.09 3000 0.69 -476
51,000 1 0.52 51,000 0.16 671 671.00 3,000 1 1 1 1.09 3000 0.69 -2329
54,000 1 0.52 54,000 0.16 710 710.00 3,000 1 1 1 1.09 3000 0.69 -2290
60,000 3 1.56 180,000 0.55 2366 788.67 3,000 1 3 1 1.09 3000 0.69 -634
63,000 1 0.52 63,000 0.19 828 828.00 3,000 1 1 1 1.09 3000 0.69 -2172
66,000 2 1.04 132,000 0.40 1735 867.50 3,000 1 2 1 1.09 3000 0.69 -1265
69,000 2 1.04 138,000 0.42 1814 907.00 3,000 1 2 1 1.09 3000 0.69 -1186
72,000 1 0.52 72,000 0.22 947 947.00 3,000 1 1 1 1.09 3000 0.69 -2053
75,000 1 0.52 75,000 0.23 986 986.00 3,000 1 1 1 1.09 3000 0.69 -2014
78,000 1 0.52 78,000 0.24 1025 1025.00 3,000 1 1 1 1.09 3000 0.69 -1975
81,000 2 1.04 162,000 0.49 2130 1065.00 3,000 1 2 1 1.09 3000 0.69 -870
84,000 1 0.52 84,000 0.26 1104 1104.00 3,000 1 1 1 1.09 3000 0.69 -1896
93,000 1 0.52 93,000 0.28 1223 1223.00 3,000 1 1 1 1.09 3000 0.69 -1777
105,000 3 1.56 315,000 0.96 4141 1380.33 3,000 1 3 1 1.09 3000 0.69 1141
108,000 1 0.52 108,000 0.33 1420 1420.00 3,000 1 1 1 1.09 3000 0.69 -1580
111,000 1 0.52 111,000 0.34 1459 1459.00 3,000 1 1 1 1.09 3000 0.69 -1541
114,000 1 0.52 114,000 0.35 1499 1499.00 3,000 1 1 1 1.09 3000 0.69 -1501
117,000 1 0.52 117,000 0.36 1538 1538.00 3,000 1 1 1 1.09 3000 0.69 -1462
120,000 2 1.04 240,000 0.73 3155 1577.50 3,000 1 2 1 1.09 3000 0.69 155
126,000 1 0.52 126,000 0.38 1657 1657.00 3,000 1 1 1 1.09 3000 0.69 -1343
132,000 1 0.52 132,000 0.40 1735 1735.00 3,000 1 1 1 1.09 3000 0.69 -1265
135,000 3 1.56 405,000 1.23 5325 1775.00 3,000 2 3 2 2.17 6000 1.39 -675
138,000 1 0.52 138,000 0.42 1814 1814.00 3,000 1 1 1 1.09 3000 0.69 -1186
141,000 1 0.52 141,000 0.43 1854 1854.00 3,000 1 1 1 1.09 3000 0.69 -1146
144,000 2 1.04 288,000 0.88 3786 1893.00 3,000 1 2 1 1.09 3000 0.69 786
147,000 1 0.52 147,000 0.45 1933 1933.00 3,000 1 1 1 1.09 3000 0.69 -1067
150,000 1 0.52 150,000 0.46 1972 1972.00 3,000 1 1 1 1.09 3000 0.69 -1028
159,000 1 0.52 159,000 0.48 2090 2090.00 3,000 1 1 1 1.09 3000 0.69 -910
165,000 1 0.52 165,000 0.50 2169 2169.00 3,000 1 1 1 1.09 3000 0.69 -831
174,000 1 0.52 174,000 0.53 2288 2288.00 3,000 1 1 1 1.09 3000 0.69 -712
189,000 1 0.52 189,000 0.58 2485 2485.00 3,000 1 1 1 1.09 3000 0.69 -515
228,000 1 0.52 228,000 0.69 2998 2998.00 3,000 1 1 1 1.09 3000 0.69 -2
240,000 1 0.52 240,000 0.73 3155 3155.00 3,000 1 1 1 1.09 3000 0.69 155
246,000 1 0.52 246,000 0.75 3234 3234.00 3,000 1 1 1 1.09 3000 0.69 234
249,000 4 2.08 996,000 3.03 13094 3273.50 3,000 1 2 2 2.17 6000 1.39 7094
252,000 2 1.04 504,000 1.53 6626 3313.00 3,000 1 2 1 1.09 3000 0.69 3626
255,000 1 0.52 255,000 0.78 3353 3353.00 3,000 1 1 1 1.09 3000 0.69 353
270,000 1 0.52 270,000 0.82 3550 3550.00 3,000 1 1 1 1.09 3000 0.69 550
300,000 1 0.52 300,000 0.91 3944 3944.00 3,000 1 1 1 1.09 3000 0.69 944
312,000 1 0.52 312,000 0.95 4102 4102.00 3,000 1 1 1 1.09 3000 0.69 1102
330,000 1 0.52 330,000 1.00 4339 4339.00 3,000 1 1 1 1.09 3000 0.69 1339
360,000 1 0.52 360,000 1.10 4733 4733.00 6,000 1 1 1 1.09 6000 1.39 -1267
372,000 1 0.52 372,000 1.13 4891 4891.00 6,000 1 1 1 1.09 6000 1.39 -1109
375,000 6 3.13 2,250,000 6.85 29581 4930.17 6,000 2 3 4 4.35 24000 5.56 5581
420,000 2 1.04 840,000 2.56 11044 5522.00 6,000 1 2 1 1.09 6000 1.39 5044
438,000 1 0.52 438,000 1.33 5758 5758.00 6,000 1 1 1 1.09 6000 1.39 -242
477,000 1 0.52 477,000 1.45 6271 6271.00 6,000 1 1 1 1.09 6000 1.39 271
480,000 1 0.52 480,000 1.46 6311 6311.00 6,000 1 1 1 1.09 6000 1.39 311
483,000 1 0.52 483,000 1.47 6350 6350.00 6,000 1 1 1 1.09 6000 1.39 350
498,000 1 0.52 498,000 1.52 6547 6547.00 6,000 1 1 1 1.09 6000 1.39 547
501,000 1 0.52 501,000 1.52 6587 6587.00 6,000 1 1 1 1.09 6000 1.39 587
540,000 1 0.52 540,000 1.64 7099 7099.00 6,000 1 1 1 1.09 6000 1.39 1099
543,000 1 0.52 543,000 1.65 7139 7139.00 6,000 1 1 1 1.09 6000 1.39 1139
546,000 1 0.52 546,000 1.66 7178 7178.00 6,000 1 1 1 1.09 6000 1.39 1178
549,000 1 0.52 549,000 1.67 7218 7218.00 6,000 1 1 1 1.09 6000 1.39 1218
552,000 1 0.52 552,000 1.68 7257 7257.00 6,000 1 1 1 1.09 6000 1.39 1257
624,000 1 0.52 624,000 1.90 8204 8204.00 9,000 1 1 1 1.09 9000 2.08 -796
726,000 1 0.52 726,000 2.21 9545 9545.00 9,000 1 1 1 1.09 9000 2.08 545
750,000 5 2.60 3,750,000 11.41 49302 9860.40 9,000 1 1 5 5.43 45000 10.42 4302
852,000 6 3.13 5,112,000 15.56 67208 11201.33 9,000 1 1 6 6.52 54000 12.50 13208
861,000 3 1.56 2,583,000 7.86 33959 11319.67 9,000 1 1 3 3.26 27000 6.25 6959
864,000 1 0.52 864,000 2.63 11359 11359.00 9,000 1 1 1 1.09 9000 2.08 2359
Total 192 100 32859000 100 432002 239528 309000 0 0 92 100 432000 100 2

The Board of Directors of the Company at its meeting held on August 07, 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited 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 will be dispatched to the address of the Applicants as registered with the depositories on or before August 08, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or about to August 07, 2017. In case the same is not received within four working days, investors may contact Registrar 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 NSE Emerge Platform 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 meaning assigned to them in the Prospectus dated August 02, 2017 ('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, SHAREX DYNAMIC (INDIA) PRIVATE LIMITED at www.sharexindia. 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:

SHAREX DYNAMIC (INDIA)PRIVATE LIMITED
Unit-1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Road, Andheri (East), Mumbai- 400 072.
Tel: +91 - 22 - 2851 5606 / 44; Fax: 91-22-2851 2885; E-mail: sharexindia@vsnl.com
Website: www.sharexindia.com Investor grievance email: sbsl.ipo@sharexindia.in
Contact Person: Mr. K. C. Ajitkumar; SEBI Reqistration No.: INR000002102

Place: Bhopal
Date: August 07, 2017
For SUREVIN BPO SERVICES LIMITED
On behalf of the Board of Directors
Sd/-
Abhishek Gupta
Manaqinq Directo
r

Surevin IPO Basis of Allotment FAQs

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

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

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

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