Aartech Solonics IPO Basis of Allotment

Our Company was originally incorporated as "Aartech Solonics Private Limited" on August, 24th, 1982, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Gwalior, Madhya Pradesh. Later on, company was converted into public limited company, the name of our Company was changed to "Aartech Solonics Limited" and fresh Certificate of Incorporation dated April 23rd, 1992 was issued by the Registrar of Companies, Gwalior, Madhya Pradesh. Corporate Identification Number of our Company is U31200MP1982PLC002030.

PUBLIC ISSUE OF 21,20,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH OF AARTECH SOLONICS LIMITED ("ASL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs. 34 PER EQUITY SHARE INCLUDING ASHARE PREMIUM OF Rs. 24 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO Rs. 720.80 LAKH ("THE ISSUE"), OF WHICH 1,12,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH FOR CASH AT A PRICE OF Rs. 34 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 24 PER EQUITY SHARE AGGREGATING TO Rs. 38.08 LAKH 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 20,08,000 EQUITY SHARES OF FACE VALUE OF Rs. 10 EACH AT A PRICE OF Rs. 34 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF Rs. 24 PER EQUITY SHARE AGGREGATING TO Rs. 682.72 LAKH IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.03% AND 28.44% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THIS ISSUE IS BEING IN TERMS OF CHAPTER IX OF THE SECURITIES AND EXCHANGE BOARD OF INDIAN (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENT) REGULATIONS, 2018 ("THE ICDR REGULATIONS") AS AMENDED. THIS ISSUE IS FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 32(4) OF THE SEBI (ICDR) REGULATIONS, 2018, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 222 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS Rs. 10.00 EACH AND THE ISSUE PRICE IS Rs. 34.00. THE ISSUE PRICE IS 3.4 TIMES OF THE FACE VALUE.

ISSUE OPENED ON: TUESDAY, 12TH MARCH, 2019 AND ISSUE CLOSED ON: MONDAY, 18TH MARCH, 2019

PROPOSED LISTING: WEDNESDAY, 27TH MARCH, 2019.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter dated 26th October, 2018 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE Limited ("BSE SME"). For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about March 27th, 2019.*

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

All Applicants 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 403 applications for 28,16,000 Equity Shares resulting in 1.32 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 valid Applications Received (before Technical Rejections but after removing 15 applications for 30000 shares for which "bid filed but not banked):

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

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

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 22nd, 2019.

The category wise details of the Basis of Allotment are as under:

The category wise details of the Basis of Allotment are as under:

The category wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on March 23rd, 2019 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited. Further the Company in its meeting held on March 23rd, 2019 has authorized the corporate action for issue of the Equity Shares to various successful applicants.

The CAN-cum-Refund advices and allotment 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. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to March 25th, 2018. 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 BSE Limited (BSE SME) 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 March 07th, 2019 ("Prospectus")

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 www.bigsharaonline.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: