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March 16, 2018 - March 20, 2018

Uravi T and Wedge Lamps IPO Basis of Allotment

URAVI T AND WEDGE LAMPS LIMITED
CIN: U31500MH2004PLC145760

Our Company was incorporated as Uravi T and Wedge Lamps Private Limited on 19th April 2004, under the Companies Act, 1956 with the Registrar of Companies, Mumbai bearing Registration No. 145760. The status of our Company was changed to a public limited company and the name of our Company was changed to Uravi T and Wedge Lamps Limited by a special resolution passed on December 11, 2017. A fresh certificate of incorporation consequent to the change of name was granted to our Company on January 16, 2018, by the Registrar of Companies, Mumbai. The Company's Corporate Identity Number is U31500MH2004PLC145760. For further details, please refer to the chapter titled 'History and Certain Corporate Matters' beginning on page no. 104 of the Prospectus.

Registered Office: Shop No. LG-20, Lower Ground, Avior, Nirmal Galaxy, L.B.S. Marg, Mulund West, Mumbai- 400 080, Maharashtra
Tel No.: +91 - 22 - 25651355; Fax No.: +91 - 22 - 25651355; Email: info@uravilamps.com; Website: www.uravilamps.com
Contact Person: Mrs. Aditi Kamalakar, Company Secretary and Compliance Officer

PROMOTER OF THE COMPANY: MR. NIRAJ GADA, MR. KAUSHIK GADA AND MR. BRIJESH AGGARWAL

BASIS OF ALLOTMENT

PUBLIC OFFER OF 15,00,000 EQUITY SHARES OF RS. 10 EACH ('EQUITY SHARES') OF URAVI T AND WEDGE LAMPS LIMITED ('UVAL' OR THE 'COMPANY') FOR CASH AT A PRICE OF RS. 100.00 PER SHARE (THE 'OFFER PRICE'), AGGREGATING TO RS. 1,500.00 LAKHS ('THE OFFER') CONSISTING OF FRESH ISSUE OF 5,00,000 EQUITY SHARES AGGREGATING TO RS. 500.00 LAKHS AND AN OFFER FOR SALE OF 10,00,000 EQUITY SHARES BY THE PROMOTER AND PROMOTER GROUP SELLING SHAREHOLDERS AGGREGATING TO RS. 1,000.00 LAKHS ('OFFER FOR SALE'), OF WHICH 79,200 EQUITY SHARES OF RS. 10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKERS TO THE OFFER (THE 'MARKET MAKER RESERVATION PORTION'). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 14,20,800 EQUITY SHARES OF RS. 10/- EACH IS HEREINAFTER REFERRED TO AS THE 'NET OFFER'. THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.27% AND 25.83%, RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 AND
THE OFFER PRICE IS 10.00 TIMES OF THE FACE VALUE.

OFFER OPENED ON: FRIDAY, MARCH 16,2018 AND OFFER CLOSED ON : TUESDAY, MARCH 20,2018

The Equity Shares of the Company are proposed to be listed on the EMERGE Platform of National Stock Exchange of India Limited ('NSE'). Our Company has received an approval from NSE for the listing of the Equity Shares pursuant to letter dated February 28,2018. NSE shall be the Designated Stock Exchange for the purpose of this Offer. The trading is proposed to be commenced on March 28,2018 (Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited).

The Offer is being made through the Fixed Price process, the allocation in the Net Offer to the Public category shall be made as per Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, as amended from time to time, wherein a minimum of 50% of the Net Offer of shares to the Public shall initially be made available for allotment to Retail Individual Investors. The balance of Net Offer of Shares to the public shall be made available for allotment to Individual Applicants other than Retail Individual Investors and other Investors, including Corporate Bodies / Institutions irrespective of number of shares applied for. If the Retail Individual Investor category is entitled to more than 50% on proportionate basis, they shall be allotted that higher percentage. Under subscription, if any, in any of the categories, would be allowed to be met with spill-over from any of the other categories or a combination of categories at the discretion of our Company in consultation with the Lead Manager and the Designation Stock Exchange. Such inter-se spill over, if any, would be affected in accordance with applicable laws, rules, regulations and guidelines. All Investors shall participate in the Offer only 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 Net Offer has received 632 applications for 16,20,000 Equity Shares resulting in 1.140 times subscription. The details of the applications received in the Net Offer (before and after technical rejections & withdrawal) are as follows:

Detail of the Applications Received

CATEGORY Before Technical Rejections & Withdrawals After Technical Rejections & Withdrawals
No. of Applications No. of Equity Shares No. of Applications No. of Equity Shares
Retail Individual Applicant 574 6,88,800 571 6,85,200
Non - Retail Applicant 58 9,31,200 58 9,31,200
Total 632 16,20,000 629 16,16,400

Note: The Offer also includes 79,200 Equity Shares reserved for Market Maker, which was subscribed by 1.00 time and there were no Technical Rejection & any withdrawal.

In the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots. There was over subscription of 2,20,800 Equity Shares in Non - Retail Category & under subscription 25,200 Equity Shares in Retail Category. The Basis of Allotment was finalised in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on March 23,2018.

A) Allocation to Market Maker (After Technical Rejections & Withdrawals): The Basis of Allotment to the Market Maker, at the Offer Price of Rs. 100 per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 79,200 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 Shares
applied in
each
category
% to
total
Allocation
per Applicant
Ratio of
Allottees
to the
Applicant
Total No.
of Shares
Allotted
79,200 1 100.00 79,200 100.00 79,200 1:1 79,200
Total 1 100.00 79,200 100.00 79,200

B) Allocation to Retail Individual Investors (After Technical Rejections & Withdrawals): The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs. 100 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 6,85,200 Equity Shares. The category was subscribed by 0.96 times. 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
Allocation
per Applicant
Ratio of
Allottees
to the
Applicant
Total No. of
Shares Allotted
1200 571 100.00 6,85,200 100.00 1,200 1:1 6,85,200
Total 571 100.00 6,85,200 100.00 6,85,200

C) Allocation to Non - Retails Category (After Technical Rejections & Withdrawals): The Basis of Allotment to the Non - Retail Investors, at the Offer Price of Rs.100 per Equity Share, was finalised in consultation with NSE. Pursuant to Regulation 43(4) of the SEBI (ICDR) Regulations, 2009, the total number of shares allocated in this category is 7,35,600 Equity Shares. The category was subscribed by 1.27 times. 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
Allocation
per Applicant
Ratio of
Allottees
to the
Applicant
Total No.
of Shares
Allotted
2,400 21 36.21 50,400 5.41 1,200 1:1 25,200
2,400 (Lottery System - Serial No. of Qualifying Applicant are 1,2,4 and 5) 1,200 4:7 14,400
3,600 1 1.72 3,600 0.39 2,400 1:1 2,400
4,800 8 13.79 38,400 4.12 3,600 1:1 28,800
4,800 (Lottery System - Serial No. of Qualifying Applicant is 4) 1,200 1:8 1,200
6,000 7 12.07 42,000 4.51 4,800 1:1 33,600
7,200 2 3.45 14,400 1.55 4,800 1:1 9,600
7,200 (Lottery System - Serial No. of Qualifying Applicant is 1) 1,200 1:2 1,200
8,400 3 5.17 25,200 2.71 6,000 1:1 18,000
8,400 (Lottery System - Serial Nos. of Qualifying Applicants are 1 and 2) 1,200 2:3 2,400
9,600 3 5.17 28,800 3.09 7,200 1:1 21,600
9,600 (Lottery System - Serial No. of Qualifying Applicant is 1) 1,200 1:3 1,200
10,800 1 1.72 10,800 1.16 8,400 1:1 8,400
12,000 2 3.45 24,000 2.58 9,600 1:1 19,200
14,400 1 1.72 14,400 1.55 10,800 1:1 10,800
18,000 1 1.72 18,000 1.93 14,400 1:1 14,400
30,000 1 1.72 30,000 3.22 24,000 1:1 24,000
42,000 1 1.72 42,000 4.51 33,600 1:1 33,600
49,200 2 3.45 98,400 10.57 38,400 1:1 76,800
49,200 (Lottery System - Serial No. of Qualifying Applicant is 1) 1,200 1:2 1,200
1,00,800 1 1.72 1,00,800 10.82 79,200 1:1 79,200
1,20,000 2 3.45 2,40,000 25.77 94,800 1:1 1,89,600
1,50,000 1 1.72 1,50,000 16.11 1,18,800 1:1 1,18,800
Total 58 100 9,31,200 100 7,35,600

The Board of Directors of the Company at its meeting held on March 24,2018 has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action forthe allotment of the Equity Shares to various successful applicants. The CAN and allotment advice and / or notices have been dispatched to the address of the investors as registered with the depositories. Further, the instructions to Self Certified Syndicate Banks have been processed on or before March 27,2018 for unblocking of funds. The Equity Shares allotted to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. In case the same is not received within prescribed time, investors may contact the Registrar to the Offer at the address given below. The Company is taking steps to get the Equity Shares admitted fortrading on the SME Platform of National Stock Exchange of India Limited within 6 working days from the Closure of the Offer. The trading is proposed to be commenced on March 28,2018, subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated March 08, 2018

('Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made has been hosted on the website of the Registrar to the Offer, Bigshare Services Private Limited at Website: www.bigshareonline.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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 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
E-mail: ipo@bigshareonline.com; Website: www.bigshareonline.com
Contact Person: Mr. Ashok Shetty; SEBI Registration No.: INR000001385


Date: March 26, 2018
Place: Mumbai
For Uravi T And Wedge Lamps Limited
On behalf of the Board of Directors
Sd/-
Chairman & Managing Director

Uravi T and Wedge Lamps IPO Basis of Allotment FAQs

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

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

Visit the Uravi T and Wedge Lamps 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 Uravi T and Wedge Lamps IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).