Basis of Allotment
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(This is only an advertisement for Information purposes and not a Prospectus announcement)

RMC SWITCHGEARS LIMITED

(Formerly known as RMC Switch Gears Limited)
Corporate Identity Number: - U27310RJ1994PLC008698

Our Company was originally incorporated on August 23,1994 as "RFH METAL CASTINGS PRIVATE LIMITED" vide Registration no. 008698 (CIN U27310RJ1994PTC008698) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Rajasthan, Jaipur. Subsequently 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 December 12,2008 and the name of our Company was changed to "RFH METAL CASTINGS LIMITED" vide a fresh Certificate of Incorporation dated December 29,2008 having (CIN U27310RJ1994PLC008698) issued by the Registrar of Companies, Rajasthan, Jaipur. Later vide Shareholders Resolution passed at the Extra Ordinary General Meeting of the Company held on March 25,2009 and afresh Certificate of Incorporation dated March 30,2009 issued by the Registrar of Companies, Rajasthan, Jaipur the name of our Company was changed to "RMC SWITCH GEARS LIMITED". Further, Our Company vide Shareholders Resolution passed at the Extra Ordinary General Meeting held on July 16,2016 and a fresh Certificate of Incorporation dated July 25,2016 issued by the Registrar of Companies, Rajasthan, Jaipur and the name of our Company was changed to "RMC SWITCHGEARS LIMITED having (CIN U27310RJ1994PLC008698)". For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 113 of the Prospectus.

Registered Office: 7 KM. from Chaksu, Khotkawda Road, Village Badodiya, Tehsil Chaksu, Tonk Road, Jaipur-303901, Rajasthan, India Tel No: +91 -141-4031516, +91-141-2759678;
E-mail: cs@rmcindia.in, Website: www.rmcindia.in CONTACT PERSON: MS. PRIYANKA GATTANI, (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTER OF OUR COMPANY: MR. ASHOK KUMAR AGARWAL, MR. ANKIT AGRAWAL & MRS. NEHA AGRAWAL

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 15,36,000 EQUITY SHARES OF FACE VALUE OF RS10 EACH ("EQUITY SHARES") OF RMC SWITCHGEARS LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OFRS 17 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 414.72 LAKHS ("ISSUE") CONSISTING OF A FRESH ISSUE OF 7,68,000 EQUITY SHARES OF FACE VALUE OFRS 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 207.36 LAKHS ("ISSUE") AND 7,68,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 207.36 LAKHS THROUGH AN OFFER FOR SALE BY MR. ANKIT AGRAWAL, MR. ASHOK KUMAR AGARWAL, MRS. PARWATIBAI AGARWAL, MRS. SANTOSH AGARWAL. MIS VITTHAL DAS AGRAWAL HUF, MIS ASHOK KUMAR AGARWAL HUF AND ARGENT LEASING & FINANCE PRIVATE LIMITED (COLLECTIVELY REFERRED AS SELLING SHAREHOLDERS INCLUDING PROMOTERS) OF WHICH 96.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 27 PER EQUITY SHARE, AGGREGATING TO RS 25.92 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 14,40,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 27 PER EQUITY SHARE AGGREGATING TO RS 388.80 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.16% AND 28.28%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "TERMS OF THE ISSUE" BEGINNING ON PAGE 219 OF THE PROSPECTUS THIS ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009, AS AMENDED FROM TIME TO TIME (THE "SEBIICDR REGULATIONS").

THE FACE VALUE OF THE EQUITY SHARES IS RS 10/- EACH AND THE ISSUE PRICE IS RS 27.00. THE ISSUE PRICE IS 2.7 TIMES OF THE FACE VALUE.
ISSUE OPENED ON TUESDAY. FEBRUARY 28, 2017 AND CLOSED ON FRIDAY. MARCH 03,2 017.
PROPOSED LISTING: MARCH 14,2017

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of BSE Limited ("BSE SME"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended; we are not required to obtain an in-principle listing approval for the shares being offered in this issue. However, our company has received an approval letter dated November 04, 2016 from BSE for using its name in offer document for listing of our shares on the SME Platform of BSE Limited. For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited ("BSE SME"). The trading is proposed to be commenced on or about March 14, 2017.*

* Subject to receipt of listing and trading approvals from the BSE Limited.

All Applicants were allowed to participate in the issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The issue has received 3454 applications for 2,98,16,000 Equity Shares resulting in 19.41 times subscription (including reserved portion of market maker ).The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS		 % NUMBER OF
EQITY SHARES		 % SUBSCRIPTION
(TIMES)
Market Makers 1 0.03 96,000 0.32 1.00
Retail Individual Investors 3289 95.22 1,31,58,000 44.12 18.27
Other than Retail Individual Investors 164 4.75 1,65,64,000 55.55 23.01
TOTAL 3454 2.98,16,000 19.41

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

CATEGORY NUMBER OF
APPLICATIONS		 NUMBER OF
EOITY SHARES
Market Makers -- --
Retail Individual Investors 56 2,24,000
Other than Retail Individual Investors --
TOTAL 56 2,24,000

After eliminating technically rejected applications, the following tables give us category wise net valid applications:

CATEGORY NUMBER OF
APPLICATIONS		 % Reserved Portion
(as per Propectus)		 % of
Total Applied		 SUBSCRIPTION
(TIMES)
Market Maker 1 100 96,000 100 1.00
TOTAL 1 100 96,000 100 1.00

 

CATEGORY NUMBER OF
APPLICATIONS		 % Reserved Portion
(as per Propectus)		 Proportionate Offer
Size (After rounding off)		 No. of Valid
Shares applied		 % of
Total Applied		 SUBSCRIPTION
(TIMES)
Retail Individual Investors 3233 95.17 7,20,000 7,20,000 1,29,32,000 43.84 17.96
Other Retail Individual Investors 164 4.83 7,20,000 7,20,000 1,65,64,000 56.16 23.01
TOTAL 3397 100 14,40,000 14,40,000 2,94,96,000 100 1.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on March 08,2017

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 27 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 96,000 Equity shares.

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

No. of Shares Applied for (Category wise) No. of Appli cations received %
to Total		 Total No. of Equity Shares applied in this Category % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allo ttees to Appli Cant: Ratio 1 Ratio of Allo ttees to Appli Cant: Ratio 2 Number of Successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/Deficit
96,000 1 100.00 96,000 100.00 96,000 96,000 96,000 1 1 1 96,000 --
TOTAL 1 100.00 96,000 100.00 96,000 1 96,000 --

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 27 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 17.96 times i.e. for 1,29,32,000 Equity Shares. Total number of shares allotted in this category is 7,20,000 Equity Shares to 180 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise) No. of Appli cations received %
to Total		 Total No. of Equity Shares applied in this Category % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allo ttees to Appli Cant: Ratio 1 Ratio of Allo ttees to Appli Cant: Ratio 2 Number of Successful
applicants (after rounding off)		 Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/Deficit
4000 3233 100.00 1,29,32,000 100.00 7,20,000 222.70 4000.00 180 3233 180 7,20,000 0
TOTAL 3233 100.00 1,29,32.000 100.00 7,20,000 180 7,20,000 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 offer price of Rs 27 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 23.01 times i.e. for 1,65,64,000 shares the total number of shares allotted in this category is 7,20,000 Equity Shares to 75 successful applicants.
The category wise details of the Basis of Allotment are as under:

No. of Shares Applied for (Category wise) No. of Appli cations received %
to Total		 Total No. of Equity Shares applied in this Category % of total Proportionate Shares Available Allocation per Applicant (Before Rounding Off) Allocation per Applicant (After Rounding Off) Ratio of Allo ttees to Appli Cant: Ratio 1 Ratio of Allo ttees to Appli Cant: Ratio 2 Number of Successful
applicants (after rounding off)		 Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/Deficit
8000 46 28.05 368000 2.22 15996 347.74 4000.00 2 23 4 16000 4
12000 13 7.93 156000 0.94 6781 521.62 4000.00 2 13 2 8000 1219
16000 7 4.27 112000 0.68 4868 695.43 4000.00 1 7 1 4000 -868
20000 8 4.88 160000 0.97 6955 869.38 4000.00 1 4 2 8000 1045
24000 5 3.05 120000 0.72 5216 1043.20 4000.00 1 5 1 4000 -1216
32000 7 4.27 224000 1.35 9737 1391.00 4000.00 2 7 2 8000 -1737
36000 10 6.10 360000 2.17 15648 1564.80 4000.00 2 5 4 16000 352
40000 6 3.66 240000 1.45 10432 1738.67 4000.00 1 3 2 8000 -2432
44000 1 0.61 44000 0.27 1913 1913.00 4000.00 1 1 1 4000 2087
48000 3 1.83 144000 0.87 6259 2086.33 4000.00 2 3 2 8000 1741
52000 4 2.44 208000 1.26 9041 2260.25 4000.00 1 2 2 8000 -1041
56000 3 1.83 168000 1.01 7303 2434.33 4000.00 2 3 2 8000 697
60000 1 0.61 60000 0.36 2608 2608.00 4000.00 1 1 1 4000 1392
64000 1 0.61 64000 0.39 2782 2782.00 4000.00 1 1 1 4000 1218
72000 4 2.44 288000 1.74 12519 3129.75 4000.00 3 4 3 12000 -519
76000 1 0.61 76000 0.46 3304 3304.00 4000.00 1 1 1 4000 696
80000 3 1.83 240000 1.45 10432 3477.33 4000.00 1 1 3 12000 1568
84000 2 1.22 168000 1.01 7303 3651.50 4000.00 1 1 2 8000 697
92000 3 1.83 276000 1.67 11997 3999.00 4000.00 1 1 3 12000 3
96000 1 0.61 96000 0.58 4173 4173.00 4000.00 1 1 1 4000 -173
108000 4 2.44 432000 2.61 18778 4694.50 4000.00 1 1 4 16000 -2778
112000 1 0.61 112000 0.68 4868 4868.00 4000.00 1 1 1 4000 -868
140000 1 0.61 140000 0.85 6085 6085.00 8000.00 1 1 1 8000 1915
144000 1 0.61 144000 0.87 6259 6259.00 8000.00 1 1 1 8000 1741
184000 3 1.83 552000 3.33 23994 7998.00 8000.00 1 1 3 24000 6
188000 1 0.61 188000 1.13 8172 8172.00 8000.00 1 1 1 8000 -172
192000 1 0.61 192000 1.16 8346 8346.00 8000.00 1 1 1 8000 -346
200000 2 1.22 400000 2.41 17387 8693.50 8000.00 1 1 2 16000 -1387
204000 1 0.61 204000 1.23 8867 8867.00 8000.00 1 1 1 8000 -867
208000 2 1.22 416000 2.51 18083 9041.50 8000.00 1 1 2 16000 -2083
212000 1 0.61 212000 1.28 9215 9215.00 8000.00 1 1 1 8000 -1215
240000 1 0.61 240000 1.45 10432 10432.00 12000.00 1 1 1 12000 1568
260000 1 0.61 260000 1.57 11302 11302.00 12000.00 1 1 1 12000 698
288000 1 0.61 288000 1.74 12519 12519.00 12000.00 1 1 1 12000 -519
320000 1 0.61 320000 1.93 13910 13910.00 12000.00 1 1 1 12000 -1910
364000 2 1.22 728000 4.40 31645 15822.50 16000.00 1 1 2 32000 355
372000 1 0.61 372000 2.25 16170 16170.00 16000.00 1 1 1 16000 -170
400000 1 0.61 400000 2.41 17387 17387.00 16000.00 1 1 1 16000 -1387
404000 1 0.61 404000 2.44 17561 17561.00 16000.00 1 1 1 16000 -1561
492000 1 0.61 492000 2.97 21386 21386.00 20000.00 1 1 1 20000 -1386
504000 1 0.61 504000 3.04 21908 21908.00 24000.00 1 1 1 24000 2092
528000 1 0.61 528000 3.19 22951 22951.00 24000.00 1 1 1 24000 1049
556000 1 0.61 556000 3.36 24168 24168.00 24000.00 1 1 1 24000 -168
588000 1 0.61 588000 3.55 25559 25559.00 24000.00 1 1 1 24000 -1559
1440000 3 1.83 4320000 26.07 187781 62593.67 64000.00 1 1 3 192000 4219
TOTAL 164 100 16564000 100 720000 75 720000 0

The Board of Directors of the Company at its meeting held on March 08,2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and at a meeting held on March 09,2017 and has authorized the corporate action for the transfer and allotment of the Equity Shares to various successful applicants.

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 March 10,2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about March 09,2017 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 SME Platform of BSE Limited 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 February 20,2017 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Link Intime India Private Limited at www.linkintime.co.in. 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101, 247 Park L.B.S. Marg, Vikhroli (West) Mumbai 400 083, Maharashtra, India. Tel. No.: +91 22 49186000, Fax No.: +91 22 49186060, Website: www.linkintime.co.in.
Email: rmc.ipo@linkintime.co.in Investor Grievance Email: rmc.ipo@linkintime.co.in Contact Person: Ms. Shanti Gopalkrishnan, SEBI Regn. No. INR000004058

Place: Jaipur
Date: 09.03.2017		 For RMC SWITCHGEARS LIMITED
On behalf of Board of Directors
Sd/-
Mr. Ashok Kumar Agarwal
Chairmen & Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT RE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES OH LISTING OR THE BUSINESS PROSPECTS OF RMC SWITCHGEARS LIMITED.
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