Yash Chemex IPO Basis of Allotment

Our Company was originally incorporated on June 03,2006 at Ahmedabad as 'Yash Chemex Private Limited' under the provisions of the Companies Act, 1956 with the Registrar of Companies, Gujarat Dadra and Nagar Havelli vide Certificate of Incorporation bearing Corporate Identification Number U24119GJ2006PTC048385. Our Company was converted into a Public Limited Company pursuant to Shareholders Resolution passed at the Extra-Ordinary General Meeting of the Company held on January 15,2016 and the name of our Company was changed to 'Yash Chemex Limited'. A fresh Certificate of Incorporation consequent upon conversion to public limited company was issued by the RoC on February 15,2016. The Corporate Identification Number of our Company is U24119GJ2006PLC048385. For details of incorporation, the change of Name and Registered Office of our Company, please refer to the chapter titled 'General Information' and 'Our History and Certain Other Corporate Matters' beginning on page 53 and 160 respectively of the Prospectus.

Registered Office: 411, Sigma Icon -1,132ft Ring Road, Opp. Medilink Hospital, Satellite, Ahmedabad - 380015, Gujarat. Tel No.: 079-26730257/58; Fax No.: 079-26730258; E-mail: cs@yashchemex.com; Website: www.yashchemex.com Corporate Identification Number: U24119GJ2006PLC048385; Contact Person: Aarefa Dudhwala, Company Secretary and Compliance Officer
PROMOTERS OF OUR COMPANY - PRITESH SHAH, YASHWANTLAL SHAH AND YASHVANT SHAH HUF

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 10,92,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ('EQUITY SHARES') OF YASH CHEMAX LIMITED (THE 'COMPANY' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 13 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING RS. 251.16 LAKHS ('THE ISSUE'), OF WHICH 60,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE, AGGREGATING RS. 13.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 10,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 23 PER EQUITY SHARE, AGGREGATING RS. 237.36 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.65% AND 25.19% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
In terms of Prospectus dated June 01,2016 and as per Regulation 43(4) of SEBI (ICDR) Regulations, 2009 wherein
a) a minimum of 50% of the Net Offer to Public shall initially be made available to Retail Individual Investors.
b) the balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail investors and ii) other investors including corporate bodies / institutions irrespective of no.of shares applied for.
c) 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 regards, specific attention is invited to chapter 'Issue Procedure' on page 268 of the Prospectus.

THE FACE VALUE OF EQUITY SHARES IS RS. 10 EACH. THE ISSUE PRICE IS RS. 23.00. THE ISSUE PRICE IS 2.3 TIMES OF THE FACE VALUE ISSUE OPENED ON JUNE 07, 2016 AND CLOSED ON JUNE 10, 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 May 03,2016 from BSE for using its name in the Prospectus for listing of our Shares on BSE SME. The designated stock exchange is BSE SME.

SUBSCRIPTION DETAILS

The Issue has received 241 applications for 21,24,000 Equity shares (Before Technical Rejections) (including Market Maker Application of 60,000 Equity Shares) resulting 1.95 times subscription. After considering, Technical Rejection cases, the issue was subscribed 1.91 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection)