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June 30, 2016 - July 5, 2016

Titaanium Ten Enterprise IPO Basis of Allotment

TITAANIUM TEN ENTERPRISE LIMITED

Our Company was originally incorporated as 'Titanium Ten Enterprise Private Limited' at Surat, Gujarat as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated September 18, 2008 bearing Corporate Identification Number 'U52100GJ2008PTC055075' issued by Assistant Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Subsequently, our Company was converted into Public Limited Company pursuant to Shareholders resolution passed at the Extra ordinary General Meeting of our Company held on May 06,2016 and the name of our Company was changed to 'Titanium Ten Enterprise Limited' and a fresh Certificate of Incorporation Consequent upon Conversion from Private Company to Public Company dated June 2, 2016 was issued by the Registrar of Companies, Ahmedabad. Further, the name of our Company was changed to 'Titaanium Ten Enterprise Limited' and a Certificate of Incorporation pursuant to change of name dated June 13,2016 was issued by the Registrar of Companies, Ahmedabad. The Corporate Identification Number (CIN) of our Company is 'U52100GJ2008PLC055075'. For details of Incorporation, Change of Name and Registered Office of our Company, please refer to chapters titled 'General Information and 'Our History and Certain Other Corporate Matters' beginning on page 67 and 169 respectively of the Prospectus.

Registered Office: Shop No. 901/914, Rajhans Complex, 9th Floor, Ring Road, Surat- 395002, Gujarat, India
Tel. No.: +91 261 2320240; Fax No.: +91 261 2321615; E-mail: investors@titaaniumten.co.in; Website: www.titaaniumten.co.in
Corporate Identification Number: U52100GJ2008PLC055075; Contact Person: Ms. Pashmina Chevli, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY - ROHITKUMAR KAPADIA AND ILABEN KAPADIA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,16,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF TITAANIUM TEN ENTERPRISE LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS. 5 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 272.40 LAKHS ('THE ISSUE'), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, AGGREGATING RS. 14.40 LAKHS WILL BE RESERVED FOR SUBSCRIPTIONS BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 17,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 15 PER EQUITY SHARE, AGGREGATING RS. 258.00 LAKHS IS HEREINAFTER REFERED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.99% AND 25.56% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated June 23,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other investors including corporate bodies/ institutions irrespective of no. of shares applied for. The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required.

Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations, 2009, if the retail individual investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage. All investors have participated in this offer through ASBA process. For details in this regard, specific attention of the investors is invited to chapter titled 'Issue Procedure' on page 271 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 15.00. THE ISSUE PRICE IS 1.5 TIMES OF THE FACE VALUE.
ISSUE OPENED ON JUNE 30, 2016 AND CLOSED ON JULY 5, 2016.

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ('BSE') ('BSE SME') in terms of the chapter XB of the SEBI (ICDR) Regulations, 2009 as amended from time to time. The Company is not required to obtain an in-principle approval for the shares being offered in this Issue. However, the Company has received an approval letter dated June 23,2016 from BSE for using its name in the Prospectus for listing of our Shares on SME platform of BSE. The designated stock exchange is SME platform of BSE.

SUBSCRIPTION DETAILS

The Issue has received 234 applications for 34,88,000 Equity shares (After Multiple Rejection but Before Technical Rejections) (including Market Maker Application of 96,000 Equity Shares) resulting 1.92 times subscription. After considering, Technical/ Multiple Rejection cases, the issue was subscribed 1.90 times (including the Market Maker Portion).

The details of application received (Before Technical Rejection)

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION
Market Maker 1 96,000 1.00
Other than Retail Individual Investors 21 16,96,000 1.98
Retail Individual Investors 212 16,96,000 1.96
TOTAL 234 34,88,000 1.92

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

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
Market Maker 0 0
Other than Retail Individual Investors 1 16,000
Retail Individual Investors 3 24,000
TOTAL 4 40,000

Detail of the Applications Received (After Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS
NUMBER OF
EQUITY SHARES
SUBSCRIPTION REVISED
SUBSCRIPTION
Market Maker 1 96,000 1.00 1.00
Other than Retail Individual Investors 20 16,80,000 1.98 1.96
Retail Individual Investors 209 16,72,000 1.96 1.94
TOTAL 230 34,48,000 1.92 1.90

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on July 11,2016.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 96,000 Equity shares in full out of reserved portion of 96,000 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. 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.94 times. Total number of shares allotted in this category is 8,64,000 Equity Shares. The category wise detail of basis of allotment is as under:

No. of Shares
Applied for
(Category wise)
No. of
Applications
received
% to
total
Total No.
of Equity
Shares applied
% to
total
Proportionate
Shares
Available
Allocation per
Applicant
(Before
Rounding Off)
Allocation per
Applicant
(After
Rounding Off)
Ratio of
Allottees to
the Applicants
Total No.
of Equity
Shares allotted
Surplus /
(Deficit)
8,000 209 100 16,72,000 100 8,64,000 4,133.97 8,000 108:209 8,64,000 0
TOTAL 209 100 16,72,000 8,64,000 8,64,000

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 15/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.96 times. Total number of shares allotted in this category is 8,56,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares
Applied for
(Category wise)
No. of
Applications
received
% to
total
Total No.
of Equity
Shares applied
% to
total
Proportionate
Shares
Available
Allocation per
Applicant
(Before
Rounding Off)
Allocation per
Applicant
(After
Rounding Off)
Ratio of
Allottees to
the Applicants
Total No.
of Equity
Shares allotted
Surplus /
(Deficit)
16,000 11 55.00 1,76,000 10.48 89,676 8,152.38 8,000 1:1 88,000 -1,676
40,000 1 5.00 40,000 2.38 20,381 20,380.95 24,000 1:1 24,000 3,619
48,000 1 5.00 48,000 2.86 24,457 24,457.14 24,000 1:1 24,000 -457
72,000 3 15.00 2,16,000 12.86 1,10,057 36,685.71 32,000 1:1 96,000 -14,057
72,000 8,000 2:3 16,000 16,000
2,00,000 1 5.00 2,00,000 11.90 1,01,905 1,01,904.76 1,04,000 1:1 1,04,000 2,095
2,64,000 1 5.00 2,64,000 15.71 1,34,514 1,34,514.29 1,36,000 1:1 1,36,000 1,486
3,36,000 1 5.00 3,36,000 20.00 1,71,200 1,71,200.00 1,68,000 1:1 1,68,000 -3,200
4,00,000 1 5.00 4,00,000 23.81 2,03,810 2,03,809.52 2,00,000 1:1 2,00,000 -3,810
Grand Total 20 100 16,80,000 100 8,56,000 8,56,000

The Board of Directors of the Company at its meeting held on July 12,2016 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and authorized corporate action for allotment of shares in dematerialized form 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/ as filled in the application form on or before July 13,2016. Further, the instructions to SCSBs have been issued on July 12,2016 for unblocking of funds. 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 within Six working days from the date of the closure of the Issue. The trading is proposed to commence on or before July 14,2016 subject to receipt of listing and trading approvals from BSE.
CLARIFICATION/CORRIGENDUM TO THE PROSPECTUS DATED JUNE 23,2016

This is with reference to Prospectus dated June 23,2016 filed with Registrar of Companies, Gujarat, Ahmedabad (The 'RoC'), BSE Limited and SEBI in relation to the issue. All capitalized term used in the notice shall, unless the context otherwise requires, has the meaning ascribed in the Prospectus. Investors may please note the following updates/amendments in Prospectus, Application Forms, Abridged Prospectus and General Information Document:

1. In the chapter titled 'Our Promoters and Promoter Group' of the Prospectus, on beginning on page 184, promoter group should include the following paragraph:
Other persons included in promoter group

Shalu Kapadia and Vieha Kapadia are not immediate relatives within the meaning of regulation 2(1)(zb) of ICDR Regulations but are considered voluntarily for the purposes of shareholding of the Promoter Group.

2. The name, Vieha Kapadia forming part of Promoter Group are dematerialized in the name of Tejus Kapadia (as guardian, on behalf of Vieha Kapadia).

INVESTORS PLEASE NOTE
The details of the allotment made would also be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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
E/2, Ansa Industrial Estate, Saki Vihar Road, Saki Naka, Andheri (East), Mumbai 400 072.
Tel.: +91-22-40430200; Fax: +91-22-28475207;
Email: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Babu Raphael; SEBI Registration No.: INR000001385

Date: July 12,2016
Place: Surat, Gujarat
For Titaanium Ten Enterprise Private Limited
On behalf of the Board of Directors
Sd/-
ROHITKUMAR KAPADIA
Chairman & Whole Time Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF TITAANIUM TEN ENTERPRISE PRIVATE LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

Titaanium Ten Enterprise IPO Basis of Allotment FAQs

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

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

Visit the Titaanium Ten Enterprise 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 Titaanium Ten Enterprise IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).