Basis of Allotment
This is an advertisement for information purposes only

This is an advertisement for information purposes only. This is not a Prospectus announcement, and does not constitute an invitation or offer to acquire, purchase or subscribe to securities. Not for publication or distribution, directly or indirectly outside India."All the capitalized terms used and not specifically defined here shall have the same meaning as ascribed to them in the Prospectus"

NAVKAR CORPORATION LIMITED

The Company was incorporated as 'Navkar Corporation Limited' on September 29,2008 as a public limited company under Part IX of the Companies Act, 1956 ("Companies Act 1956"), with the Registrar of Companies, Maharashtra at Mumbai (the "RoC"). For further details, see "History and Certain Corporate Matters" on page 147 of the Prospectus dated August 29,2015 ("Prospectus").Corporate Identity Number: U63000MH2008PLC187146

Registered Office: 205-206, J.K. Chambers, Sector 17, Vashi, Navi Mumbai 400 705, Maharashtra, India
Tel: (+91 22) 2766 8223 Fax: (+91 22) 2766 8238
Corporate Office: Survey No. 89/93/95/97, Somathane Village, Kon Savla Road, Panvel, Raigad 410 206, Maharashtra, India
Tel: (+91 2143)662 525 Fax: (+91 2143) 262 042 Contact Person: Ms. Ekta Chuglani, Company Secretary and Compliance Officer
Tel: (+91 2143)662 525 Fax: (+91 2143)262 042 E-mail: cs@navkarcfs.com Website: www.navkarcfs.com

The equity shares of the Company are proposed to be listed on the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on or before September 9,2015.

PROMOTERS: MR. SHANTILAL JAYAVANT RAJ MEHTA AND
MR. NEMICHAND JAYAVANTRAJ MEHTA

INITIAL PUBLIC OFFERING OF 38,709,676 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH (THE "EQUITY SHARES") OF NAVKAR CORPORATION LIMITED ("NCL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF Rs 155 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs 145 PER EQUITY SHARE) (THE "OFFER PRICE") AGGREGATING TO Rs 6,000 MILLION (THE "OFFER"). THE OFFER COMPRISES A FRESH ISSUE OF 32,903,225 EQUITY SHARES AGGREGATING TO Rs 5,100 MILLION BY THE COMPANY (THE "FRESH ISSUE") AND AN OFFER FOR SALE OF 5,806,451 EQUITY SHARES AGGREGATING TO Rs 900 MILLION BY SIDHHARTHA CORPORATION PRIVATE LIMITED, A MEMBER OF THE PROMOTER GROUP OF THE COMPANY (THE "SELLING SHAREHOLDER") (THE "OFFER FOR SALE"). THE OFFER CONSTITUTES 27.14 % OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

THE FACE VALUE PER EQUITY SHARE IS RS 10;
THE OFFER PRICE IS RS 155 PER EQUITY SHARE;
THE OFFER PRICE IS 15.5 TIMES THE FACE VALUE.
THE ANCHOR INVESTOR OFFER PRICE IS RS 155 PER EQUITY SHARE
BID/OFFER OPENED ON MONDAY, AUGUST 24, 2015
BID/OFFER CLOSED ON WEDNESDAY, AUGUST 26, 2015
ANCHOR INVESTOR BIDDING DATE: FRIDAY, AUGUST 21, 2015

The Offer is made in terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulation) Rules, 1957, as amended, for 27.14% of the post-Offer paid up Equity Share capital of the Company. The Offer is made through the Book Building Process, in compliance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended (the "SEBI ICDR Regulations"), wherein 50% of the Offer has been allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (the "QIB Category").The Company and the Selling Shareholder, in consultation with the Joint Global Co ordinators and Book Running Lead Managers ("JGCBRLMs"), have allocated 60% of the QIB Category to Anchor Investors, on a discretionary basis (the "Anchor Investor Portion"), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price. Further, 5% of the QIB Category (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. Further, not less than 15% of the Offer was available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Offer was available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.
Retail Individual Investors may participate in the Offer through the ASBA process by providing the details of the ASBA Accounts in which the corresponding Bid Amounts were to be blocked by the Self Certified Syndicate Banks ("SCSBs"). QIBs (excluding Anchor Investors) and Non-Institutional Investors can participate in the Offer only through the ASBA process. Anchor Investors were not permitted to participate in the Offer through the ASBA process. For details in this regard, specific attention is invited to "Offer Procedure" on page 500 of the Prospectus.

The Offer received 214,813 applications for 88,686,585 Equity Shares (prior to technical rejections) resulting in 2.2911 times subscription. The details of the applications received in the Offer from Retail Individual Investors, Non-Institutional Investors, QIBs (excluding Anchor Investors) and Anchor Investors are as under (before technical rejections):

Category No. of Applications No. of Equity Shares No. of times Subscription
A Retail Individual Bidders 214,737 21,413,190 1.580
B Non-Institutional Bidders 20 1,656,230 0.285
C Qualified Institutional Buyers 28 52,842,325 6.825
D Anchor Investors 28 12,774,840 1.100
Total 214,813 88.686.585 2.291

Final Demand
A summary of the final demand as per the BSE & NSE after the Bid/Offer Period at different Bid prices is as under:

Bid Price No. of
Equity Shares		 % of
Total		 Cumulative
Total		 Cumulative %
of Total
147 778,145 0.95 778,145 0.95
148 3,230 0.00 781,375 0.96
149 2,470 0.00 783,845 0.96
150 14,060 0.02 797,905 0.98
151 67,260 0.08 865,165 1.06
152 2,375 0.00 867,540 1.06
153 1,425 0.00 868,965 1.06
154 1,235 0.00 870,200 1.07
155 58,713,230 71.91 59,583,430 72.98
CUT OFF 22,059,190 27.02 81,642,620 100.00
TOTAL 81,642,620 100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being BSE on September03, 2015.

A. Allotment to Retail Individual Investors (After Technical Rejections)
The Basis of Allotment to the Retail Individual Investors, who have Bid at Cut-off Price or at the Offer Price of Rs155 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 1.1588 times. The total number of Equity Shares Allotted in the Retail Individual Investors Category is 17,698,608 Equity Shares to 186,301 successful Bidders. The category-wise details of the Basis of Allotment are as under:

Sr. Category No. of
Applications
Received		 % of
Total		 Total No. of
Equity Shares
applied for		 % of
Total		 No. of Equity Shares
Allotted
per Bidder		 Ratio Total No. of
Equity
Shares Allotted
1 95 202,083 98.34 19,197,885 93.61 95 68:75 17,405,520
2 190 1,631 0.79 309,890 1.51 95 29:32 140,410
3 285 594 0.29 169,290 0.83 95 10:11 51,300
4 380 282 0.14 107,160 0.52 95 10:11 24,320
5 475 187 0.09 88,825 0.43 95 10:11 16,150
6 570 171 0.08 97,470 0.48 95 19:21 14,725
7 665 153 0.07 101,745 0.50 95 10:11 13,205
8 760 28 0.01 21,280 0.10 95 25:28 2,375
9 855 9 0.00 7,695 0.04 95 8:9 760
10 950 59 0.03 56,050 0.27 95 53:59 5,035
11 1,045 18 0.01 18,810 0.09 95 8:9 1,520
12 1,140 13 0.01 14,820 0.07 95 12:13 1,140
13 1,235 258 0.13 318,630 1.55 95 19:21 22,135
14 3085 Allottees from Serial no 2 to 13 Additional 1 (one) share 1 1:237 13

B. Allotment to Non-Institutional Investors (After Technical Rejections)
The Basis of Allotment to the Non-Institutional Investors, who have Bid at the Offer Price of Rs 155 per Equity Share, was finalized in consultation with the BSE. This category has been subscribed to the extent of 0.2852 times*. The total number of Equity Shares Allotted in this category is 1,656,230 Equity Shares to 20 successful applicants on a proportionate basis. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
Received		 % of
Total		 Total No. of
Equity Shares
applied for		 % of
Total		 No. of Equity Shares
Allotted per Bidder		 Ratio Total No. of
Equity
Shares Allotted
1,330 1 5.00 1,330 0.08 1,330 1:1 1,330
1,520 1 5.00 1,520 0.09 1,520 1:1 1,520
1,615 1 5.00 1,615 0.10 1,615 1:1 1,615
1,900 1 5.00 1,900 0.11 1,900 1:1 1,900
2,565 1 5.00 2,565 0.15 2,565 1:1 2,565
3,230 1 5.00 3,230 0.20 3,230 1:1 3,230
4,940 1 5.00 4,940 0.30 4,940 1:1 4,940
6,365 3 15.00 19,095 1.15 6,365 1:1 19,095
6,460 1 5.00 6,460 0.39 6,460 1:1 6,460
9,975 1 5.00 9,975 0.60 9,975 1:1 9,975
12,825 1 5.00 12,825 0.77 12,825 1:1 12,825
25,745 1 5.00 25,745 1.55 25,745 1:1 25,745
34,200 1 5.00 34,200 2.06 34,200 1:1 34,200
38,000 2 10.00 76,000 4.59 38,000 1:1 76,000
64,505 1 5.00 64,505 3.89 64,505 1:1 64,505
100,035 1 5.00 100,035 6.04 100,035 1:1 100,035
1,290,290 1 5.00 1,290,290 77.91 1,290,290 1:1 1,290,290

*The undersubscribed portion of 4,150,221 equity shares in Non-Institutional Category has been spilled over to Retail Category.

C. Allotment to QIBs (excluding Anchor Investors)
Allotment to QIBs, who have Bid at the Offer Price of Rs 155 per Equity Share, has been done on a proportionate basis in consultation with the BSE. This category has been subscribed to the extent of 6.7376 times. As per the SEBI ICDR Regulations, Mutual Funds were Allotted 5% of the Equity Shares of QIB Category (excluding Anchor Investors Portion) available i.e. 387,097 Equity Shares and other QIBs (including Mutual Funds) were Allotted the remaining available Equity Shares i.e. 7,354,839 Equity Shares on a proportionate basis. The total number of Equity Shares Allotted in the QIB Category (excluding Anchor Investors Portion) is 7,741,936 Equity Shares, which were Allotted to 27 successful Bidders.

Category Fls/Banks MFs ICS VCs AIF Trust FPI Total
Allotment 824,807 4,281,425 412,411 - 307,918 - 1,915,375 7,741,936

D. Allotment to Anchor Investors
The Company and Selling Shareholder in consultation with the JGCBRLMs have allotted 11,612,902 Equity Shares to 15 Anchor Investors (through 28 applications). In accordance with the SEBI ICDR Regulations, this represents 60.00% of the QIB Portion.

Category Fls/Banks MFs ICS VCs AIF Trust FPI Total
Allotment - 7,354,792 - - - - 4,258,110 11,612,902

The Board of Directors of the Company at its meeting held on September 04,2015. has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful Bidders. The Allotment Advice-cum-Refund Order have been dispatched to the address of the investors as registered with the depositories on September 05,2015. Further, instructions to the SCSBs have been issued on September 03,2015. The Refund Orders have been over-printed with the bank account details as registered, if any, with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Offer at the address given below. The Equity Shares Allotted to the successful Allottees have been uploaded on September 05,2015 for credit into the respective 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 and NSE within 12 working days of the closure of the Offer, i.e. on or before September 09,2015. The Company has filed the listing application with BSE & NSE on September 04,2015.

INVESTORS PLEASE NOTE

The details of the Basis of Allotment made shall be hosted on the website of the Registrar to the Offer, 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 Offer quoting full name of the first/ sole applicant, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the member of the Syndicate, place where the Bid-cum-Application Form was submitted and payment details atthe address given below:

Link Intime India Private Limited
Pannalal Silk Mills compound, L.B.S. Marg, Bhandup (West),
Mumbai 400 078, Maharashtra, India
Tel. (+91 22) 61715400, Fax: (+91 22) 2596 0329 Email: ncl.ipo@linkintime.co.in
Investor Grievance Email: ncl.ipo@linkintime.co.in , Website: www.linkintime.co.in
Contact Person: Mr. Sachin Achar, SEBI Registration No.: INR000004058

Place: Mumbai
Date: September, 2015

For NAVKAR CORPORATION LIMITED
On behalf of the Board of Directors
Sd/-
Company Secretary and Compliance Officer

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 NAVKAR CORPORATION LIMITED.
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