Basis of Allotment

This is only an advertisement for information purposes and not a Prospectus announcement

This is only an advertisement for information purposes and not a Prospectus announcement.

SAMRUDDHI REALTY LIMITED
Corporate Identification Number: U07010KA2003PLC032934

Our Company was originally incorporated on November 28, 2003, as "Samruddhi Realty Private Limited* under the provisions of the Companies Act, 1956 with the Registrar of Companies, Kamataka, Bangalore. Subsequently, our Company was converted into a public limited company pursuant to Shareholders Resolution passed at the Extra Ordinary General Meeting held on January 18, 2010 and the name of our Company was changed to "Samruddhi Realty Limited* vide a fresh Certificate of Incorporation dated March 31, 2010 issued by the Registrar of Companies, Karnataka, Bangalore. For details of the changes in our name and Registered Office, please see section titled "History and Certain Corporate Matters* on page 91 of the Prospectus.

Registered Office: 202, Raheja Chambers, 12, Museum Road, Bangalore, Karnataka - 560001;
Tel. No.: +91 - 80 - 65690190;
Corporate Office: The Land Mark, 21/15,4th Floor, M.G. Road, Bangalore, Karnataka-560001;
Tel. No.: +91-80-41122991/2, +91-80-25592334/8 Fax No:+91 -80-41122993;
E-mail: cssamruddhi@samruddhlgroup.com; Website: www.samruddhirealty.com;
Contact Person: Mr. Dharmesh M. Kuvalekar (Company Secretary & Compliance Officer)

PROMOTERS OF THE COMPANY: MR. MANJUNATH VELLORE RAMAKRISHNAN,
MR. HEMANG DIPAKKUMAR RAWAL AND
MR. RAVINDRA MALLIKARJUNAPPA MADHUDI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 21,70,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH OF SAMRUDDHI REALTY LIMITED ("SRL" OR "OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS.12 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM Of RS.2 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS.260.40 LAKHS, OF WHICH 1,10,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 20,60,000 EQUITY SHARES OF FACE VALUE OF RS.10 EACH IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 31.00% AND 29.43%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY. FOR FURTHER DETAILS, PLEASE SEE "TERMS OF THE ISSUE" ON PAGE 232 OF THE PROSPECTUS. THIS BEING A FIXED PRICE, AS PER SUB CLAUSE (4) OF REGULATION 43 OF THE SEBI (ICDR) REGULATIONS, 2009 AS AMENDED (THE "SEBI REGULATIONS"), OUT OF THE NET OFFER OF 20,60,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVAILABLE TO RETAIL INDIVITUAL INVESTORS AND THE REMAINING TO INDIVITUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVESTORS INCLUDING CORPORATE BODIES OR INTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IF THE RETAIL INDVITUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROPORATIONATE BASIS, THEY SHALL BE ALLOTED THAT HIGHER PERCENTAGE. THE UNSUBSCRIBED PORTION OF THE NET OFFER TO ANY ONE OF THE CATEGORIES SHALL / MAY BE MADE AVAILABLE FOR ALLOCATION IN ANY OTHER CATEGORY, IF SO REQUIRED.
THE FACE VALUE OF THE EQUITY SHARES IS RS.10/- EACH AND THE ISSUE PRICE OF RS.12 IS 1.2 TIMES OF THE FACE VALUE. ISSUE OPENED ON MARCH 28,2013 AND CLOSED ON APRIL 03,2013.

PROPOSED LISTING

The Equity Shares offered through the Prospectus dated March 16, 2013 are proposed to be listed on the SME Platform of BSE Limited ("BSE*). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, Company is not required to obtain an In-principle approval of the shares being offered in this issue. However Company has received an approval via letter dated March 14, 2013 from BSE for using its name in the offer document for listing of our Shares on the SME Platform of BSE. The designated stock exchange is BSE Limited. The trading is proposed to be commenced with effect from April 12, 2013. (Subject to receipt of listing and trading approvals from the BSE Limited). All Applicants were allowed to participate in the Issue 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 Issue has received 186 applications for 25,10,000 Equity Shares resulting in 1.218 times subscription (excluding 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 NO. OF
APPLICATIONS
NO. OF EQUITY
SHARES (VALID)
SUBSCRIPTION
Other than Retail Individual Investors 156 15,60,000 1.219
Retail Individual Investors 30 9,50,000 1.203
Total 186 25,10,000 1.213

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

CATEGORY NO. OF
APPLICATIONS
NO. OF EQUITY
SHARES
Market Makers 0 0
Other than Retail Individual Investors 0 0
Retail Individual Investors 2 20000
Total 2 20000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications (After Technical Rejections):

CATEGORY NO. OF
APPLICATIONS
NO. OF
EQUITY SHARES
SUBSCRIPTION
Other than Retail Individual Investors 154 1540000 1.203
Retail Individual Investors 30 950000 1.203
Total 184 2490000 1.209

Note: There were 1,10,000 Equity Shares reserved tor Market Makers wich were fully subscribed by 1 application and there were no Technical Rejections.
ALLOCATION:
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on April 09,2013.
A) Allocation to Marker Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of  Rs.12/- 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 1,10,000 Equity Shares. The category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (category wise) No. of Application received % to Total Total No.of Shares Applied In Each Category % of Total Proportionate Sharas Available Allocation Per Applicant
Before Rounding Oft
Allocation Per Applicant
After Rounding Off
Ratio of Allotees to Applicants Total No. of Sharas Alloted Surplus/ Deficit
110000 1 100 110000 100 110000 110000 110000 1:1 110000 0

B) Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs.12/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.209 times. The total number of shares allotted In this category is 12,80,000 Equity Shares as against 12,74,056 Equity Shares reserved for allocation to Retail Individual Investors Category. The category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (category wise) No. of Application received % to Total Total No.ol Sharas Applied In Each Category % of Total Proportionate Shares Available Allocation Per Applicant Before Rounding Off Allocation Per Applicant
After Rounding Oft
Ratio of Allotees to Applicants Total No.of Shares Alloted Surplus/ Deficit
10,000 154 100 1540000 100 1274,056 8273.09 10,000 0.83:1 1280000 -5944
Total 154 100 1540000 100 1274,056 8273.09 10,000 0.83:1 1280000 -5944

C) Allocation to other than Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Other than Retail Individual Investors, at the issue price of Rs.12/- per Equity Share, was finalised In consultation with BSE. The category was subscribed by 1.005 times. The total number of shares allotted In this category is 7,90,000 Equity Shares as against 7,85,944 Equity Shares reserved for allocation to Other than Retail Individual Investors Category. The category-wise details of the Basis of Allotment are as under:

No. of Sharas applied for (category wise) No. of Application received % to Total Total No.of Shares Applied In Each Category % of Total Proportionate Shares Available Allocation
Per Applicant Before Rounding Oft
Allocation
Per Applicant After Rounding Oft
Ratio of Allotees to Applicants Total No. of Shares Alloted Surplus/ Deficit
20,000 15 50.00 300,000 31.58 248192.84 16546.19 20,000 1:1 300000 -51807
30,000 7 23.33 210,000 22.11 173734.99 24819.28 20,000 1:1 140000 33735
40,000 2 6.67 80,000 8.42 66184.76 33092.38 30,000 1:1 60000 6185
50,000 4 13.33 200,000 21.05 165461.89 41365.47 40,000 1:1 160000 5462
70,000 1 3.33 70,000 7.37 57911.66 57911.66 60,000 1:1 60000 -2088
90,000 1 3.33 90,000 9.47 74457.85 74457.85 70,000 1:1 70000 4458
TOTAL 30.00 100.00 950,000 100.00 785944.00 790000 -4056

The Board of Directors of the Company at its meeting held on April 09, 2013 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants. The CAN-cum-Refund Order and allotment advice and/ or notices have been dispatched to the address of the investors as registered with the depositories on or before April 10, 2013. Further, the instructions to Self Certified Syndicate Banks have been processed on or before April 10, 2013. Refunds have been made through Direct Credit and NEFT into the Bank Accounts of the applicants, as registered with the depositories. For other applicants Demand Draft have been dispatched to their address as registered with the depositories. In case the same is not received within ten working days. Investors may contact at the address given below. The Equity Shares allotted to successful applicants have been 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 12 working days from the closure of the Issue. The trading Is proposed to be commenced with effect from April 12,2013, subject to reclept of listing and trading approvals from BSE Limited.

INVESTORS PLEASE NOTE:
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Sharex Dynamic (India) Private Limited at Website: www.sharexindla.com All future correspondence in this regard may kindly be addressed to the Registrar to the Issue 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.

Sharex Dynamic (India) Private Limited
Unit No.1, Luthra Indl. Premises, 1st Floor, 44 E, M. Vasanti Marg, Andheri Kurla Road, Safed Pool, Andheri (E), Mumbai 400 072, Maharashtra, India.
Tel: +91 - 22 - 2851 5606 / 5644; Fax: +91 - 22 - 2851 2885
Website: www.sharexindia.com; Investor Grievance ID: samruddhi.ipo@sharexrndia.in
Contact Person: Mr. K. C. Ajit Kumar; SEBI Registration Number: INR000002102

Place: Bangalore
Date : April 10,2013
For Samruddhi Realty Limited
On behalf of Board of Directors
sd/-
Managing Director

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF SAMRUDDHI REALTY LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
Samruddhi Realty Limited
is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed the Prospectus with the Registrar of Companies, Karnataka, Bangalore. The Prospectus is available on the website of SEBI at www.sebi.gov.in, the website of BSE at www.bseindia.com, the website of Issuer company at www.samruddhirealty.com and the website of the Lead Manager at www.hemonline.com. This document is not an offer of securities for sale or solicitation of an offer to buy securities in any jurisdiction, including the United States. The Equity Shares have not been, and will not be, registered under the U.S. Securities Act 1933, as amended or any state securities laws in the United States and may not be offered or sold within the United States absent registration or any exemption from registration under the U.S. Securities Act 1933. There will be no public offering of equity shares in the United States.

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