Basis of Allotment

(This is only an advertisement for information purpose and not a prospectus announcements)
SHREE KRISHNA INFRASTRUCTURE LIMITED
(Formerly Known as Shree Krishna Tour and Travels Private Limited)

Our Company was originally incorporated as Shree Krishna Tour and Travels Private Limited on July 03, 1990 under the provisions of Companies Act, 1956 with Registrar of Companies, Gujarat bearing Registration No. 13979 having its registered office in Gujarat. Subsequently, the name of the Company was changed to Shree Krishna Infrastructure Private Limited by passing necessary resolution on November 13, 1995. Subsequently the status of our Company became public limited company and the name of our Company was changed to Shree Krishna Infrastructure Limited pursuant to shareholders resolution passed in the Extra-ordinary General Meeting held on March 22, 1996. For further details regarding the changes in our name and registered office, kindly refer to the Chapter titled "History and Certain Corporate Matter" beginning on page no 107 of this prospectus. Our Company's Corporate Identity Number is U45201GJ1990PLC013979.

Registered Office: Bungalow No.36, Rang Residency, Vadia, Rajpipla, Narmada- 393145, Gujarat, India
Telephone: +918849865932
Email: info@skifl.com, Website: www.skifl.com
Company Secretary and Compliance Officer: Ms. Resham Ajit Maniyar
OUR PROMOTERS: MR. RAVI RAJIV KOTIA AND MR. AMIT RAMESHBHAI KOTIA
BASIS OF ALLOTMENT

PUBLIC OFFER OF 9,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF SHREE KRISHNA INFRASTRUCTURE LIMITED (THE "COMPANY") FOR CASH AT A PRICE OF RS. 13/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 3/- PER EQUITY SHARE) (THE "OFFER PRICE"), AGGREGATING TO RS. 117.00 LACS ("THE OFFER") THROUGH AN OFFER FOR SALE COMPRISING OF 5,45,819 EQUITY SHARES BY MR. RAVI RAJIV KOTIA AND 3,54,181 EQUITY SHARES BY MR. AMIT RAMESHBHAI KOTIA, OF WHICH 50,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 13/- PER EQUITY SHARE, AGGREGATING TO RS. 6.50 LACS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 8,50,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 13/- PER EQUITY SHARE, AGGREGATING TO RS. 110.50 LACS IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 30.00% AND 28.33% RESPECTIVELY OF THE FULLY DILUTED POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND THE OFFER PRICE IS 1.3 TIMES OF THE FACE VALUE

THIS OFFER FOR SALE IS BEING MADE IN TERMS OF CHAPT ER X-B OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMEN DED FROM TIME TO TIME. THIS OFFER IS A FIXED PRICE OFFER AND ALLOCAT ION IN THE NET OFFER TO THE PUBLIC WILL BE MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED.

ISSUE PROGRAMME: ISSUE OPENED ON NOVEMBER 15, 2018 AND CLOSED ON NOVEMBER 22, 2018;
PROPOSED LISTING: DECEMBER 3, 2018

The Equity Shares offered through this draft prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter dated 25th September, 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 BSE Limited.

SUBSCRIPTION DETAILS

The Issue Received 24, 90,000 shares from 198 applications and was subscribed to the extent of 2.7667 times before technical rejection. After considering Technical Rejections cases and Bids not banked of 40000 Shares for 4 applications, the Issue was subscribed 2.7222 times.

Detail of the Applications Received (Before Technical & Multiple Rejection):

SR NO CATEGORY NO OF APPLICATIONS EQUITY SHARE Reserved No. Of Times Subscribed Amount
1 Reserved for Market Maker 1 50,000 50,000 1.00 650000.00
2 Non Retail Investors 4 5,10,000 4,20,000 1.21 6630000.00
3 Retail Individual Investors 189 18,90,000 4,30,000 4.395 24570000.00
  TOTAL 197 24,50,000 9,00,000 2.722 31850000.00

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-BSE SME Platform on November 28, 2018

A. Allocation to Market Maker (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs.13/- per shares, was finalised in consultation with BSE SME Platform. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 50000 Equity Shares.

SR NO No. of Shares Applied for (Category wise) No. of Applications received % to total Total No. of Shares applied In each category % to total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Number of successful applicants (after rounding) % to total Total No.of Shares allocated/ allotted % to total Surplus/ (Deficit)
1 50000 1 100 50000 100 50000 50000 50000 1 1 100 50000 100 0
GRAND TOTAL 1 100 50000 100 50000 50000 50000 1 1 100 50000 100 0

B. Allocation to Retail Individual Investors (After Technical & Multiple Rejections and Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 13 per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 2.791 times i.e. for 1870000 Equity Shares Total number of shares allotted in this category is 670000 Equity Shares to 67 successful applicants.

SR NO No. of Shares Applied for (Category wise) No. of Applications received % to total Total No. of Shares applied In each category % to total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allottees to the Applicants Number of successful applicants (after rounding) % to total Total No.of Shares allocated/ allotted % to total Surplus/ (Deficit)
1 10000 187 100 1870000 100 670000 3582.89 10000 67:187 67 100 670000 100 0
GRAND TOTAL 187 100 1870000 100 670000 3582.89 10000 67:187 67 100 670000 100 0

C. Allocation to Other than Retail Individual investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs. 13 per Equity Share, was finalized in consultation with BSE SME Platform. The category was subscribed by 2.833 times i.e. for 510000 shares. Total number of shares allotted in this category is 180000 Equity Shares to 4 successful applicants.

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

SR NO Category No Of Applications Received % Of Total Total No.Of Equity Shares Applied % To Total No. Of Equity Shares Allotted I Per Bidder Ratio Total No.Of Equity Shares Allotted 1
1 50000 2 50 100000 19.61 10000 1:1 20000
  50000 10000 additional share is allocated for Serial no 1 in the ratio of 1:2       10000 1:2 10000
2 130000 1 25 130000 25.48 50000 1:1 50000
3 180000 1 25 280000 54.90 100000 1:1 100000
    4 100 510000 100     180000

The Board of Directors of the company at its meeting held on November 28, 2018 has approved the Basis of Allocation of Equity shares as approved by the Designated stock Exchange viz. BSE SME Platform and at 3 meeting held on November 28, 2018 has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

In terms of the Prospectus dated October 30, 2018 and as per the SEBI (ICDR) Regulations, 2009 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 as the case may be. The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retails investors and b) other investors, including Corporate Bodies / Institutions Irrespective of number 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 the other category, if so required. "For the purpose of sub-regulation (4) of regulations 43, if the retail individual investor category is entitled to more than fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage".

The CAN-cum-Refund advices and allotment advice and/or notices will be forwarded to the address of the Applicants as registered with the depositories/as filled in the application form on or before November, 30, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or prior to November 29, 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 BSE SME Platform 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 October 30, 2018 address of the Registrar given below:

Satellite Corporate Services Private Limited

Unit. No. 49. Building No. 13 AB, 2nd Floor, Samhita Commercial Co-Op Society Ltd,

Off Andheri Kurla Road, MTNL Lane, Sakinaka, Mumbai - 400072, Tel. : +91 -22-28520461/462,

SEBI Registration No: INR0G0003639
Email Id: sorvice@satellltecorporate.com,
Contact person: Mr Michael Monteiro
Website: www.satellitecorporate
For Shree Krishna Infrastructure Limited
On behalf of the Board of Directors
Place: Rajpipla RAVI KOTIA
Date: November 29, 2018 Managing 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 SHREE KRISHNA INFRASTRUCTRE LIMITED.

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

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