Tasty Dairy Specialities IPO Basis of Allotment

TASTY DAIRY SPECIALITIES LIMITED

Our Company was originally incorporated as Tasty Dairy Specialities Private Limited on July 30, 1992 with the Registrar of Companies, Kanpur as a Private Limited company under the provisions of the Companies Act, 1956. Subsequently our Company was converted into Public Limited Company and the name of our Company was changed to Tasty Dairy Specialities Limited. A fresh certificate of incorporation consequent upon conversion to public limited Company was issued by the Registrar of Companies, Kanpur on November 25, 2004. For further details of our Company, please refer "General Information" and "History and Certain Other Corporate Matter" beginning on page no 39 and 104 respectively of the Prospectus.

Registered Office: D-3, UPSIDC Industrial Area, Jainpur, Kanpur Dehat-209 311, Uttar Pradesh | Administrative Office: G-6, 12/483, Ratandham McRobert Ganj, Kanpur-208 001, Uttar Prdesh
Tel. No.: + 91 512 7107777 | Telefak No.: +91 512 1551643 | Email: info@tastydairy.com | Website: www.tastydairy.com | Contact Person: Ms. Nishi, Company Secretary and Compliance Officer | Corporate Identification Number: U15202UP1992PLC014593

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 54,30,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP OF "TDSL" OR "THE COMPANY" OR "THE ISSUER" FOR CASH AT A PRICE OF RS. 45 PER EQUITY SHARE (THE "ISSUE PRICE") (INCLUDING SHARE PREMIUM OF RS. 35 PER EQUITY SHARE) AGGREGATING RS. 2443.50 LAKHS (THE "ISSUE") BY OUR COMPANY OF WHICH 2,76,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP 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 51,54,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.58% AND 25.23% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH.

THE ISSUE PRICE IS RS. 45. THF ISSUE PRICE IS 4.5 TIMES THE FACE VALUE.

ISSUE OPENED ON WEDNESDAY, FEBRUARY 07, 2018 AND CLOSED ON MONDAY, FEBRUARY 12, 2018.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of BSE Ltd. ("BSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time. The Company has received in-principle approval letter dated January 17, 2018 from BSE for using its name in the offer document for listing of its shares on SME Platform of BSE.

For the purpose of this Issue, the Designated Stock Exchange will be BSE Limited. The trading is proposed to commence on or before Wednesday, February 21, 2018, subject to receipt of listing and trading approvals from BSE Limited.

All Applicants participated in the 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 34,524 applications for 50,07,39,000 Equity Shares resulting in 92.22 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):

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

After eliminating technically rejected applications, the following table give us Category wise net valid applications:

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on February 16, 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 BSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 2,76,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retails Individual Investors, at the issue price of Rs. 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 39.29 times. The total number of shares allotted in this category is 25,77,000 Equity Shares to 859 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

C. Allocation to Other than Retail Individual Investors (After Technical Rejections):The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 45 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 154.29 times. The total number of shares allotted in this category is 25,77,000 Equity Shares to 122 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

The Board of Directors of the Company at its meeting held on February 17, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE 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 February 20, 2018. Further, the instructions to Self-Certified Syndicate Banks for unblocking the amount are being processed on or prior to February 19, 2018. 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 BSE SME Platform within six Wirking 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 January 24, 2018 ("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.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
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road,
Marol, Andheri East, Mumbai- 400059.
Tel: +91 22- 6263 8200 | Fax: +91 22-6263 8299 | Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com | Website: www.bigshareonline.com
Contact Parton: Mr. Ashok S Shetty | SEBI Registration No: INR000001385