Basis of Allotment

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(This is only an advertiesment for Information purpose. This is not a Prospectus announcement and does not constitute an invitation or offer to acquire, purchase or subscribe for securities. Not for publication or distribution, directy or indirectly outside India.)

TIRUPATI FORGE LIMITED

Our Company was incorporated under the provisions of Companies Act, 1956 as Tirupati Forge Private Limited' in Gujarat vide Certificate of Incorporation issued by Registrar of Companies. Gujarat on August 17,2012, Consequently, it was converted in to a public- limited company pursuant to Shareeholders resulution passed at Extra.-ordinary General Meeting of our Company held on July 31,2017 and the name of our Company was changed to Tiruparti Forge Limited and a fresh certificate of incorporation consequent upon Conversion of Private Company to Public Limited dated August 11, 2017 was issued by Registrar of Companies, Gujarat. Ahmedabd. The Corporate identifcation Number of our Company is U27320GJ2012PLC071594. For further details of Incorporation, Change of Name and Registered Office of our company, please refer to chapter titled ""General Inrfarmation" and "Our History and Certain Other Corporate Matters' beginning on page 59 and page 128 of the Prospectus.

Registered Office; Plot No.1-5, Survey No. 92/1, Near Shan Cement, Hadamtala industrial Area, Tal: Kotda Sangani Hadamtala, Rajkot 380311.Gujarat
Tel. No.; 02827-270512/13; Fax No.; Not Available- Email.; info@tirupatiforge.com: Website: www.tiruptiforge.com
Corporate Identification Number: U27320GJ2012PLC071594; Contact Person: Banashri Joshi, Company Secretary and Compliance Officer

PROMOTERS OF OUR COMPANY: HITESH THUMMAR, AJAY SARDHARA AND BHARGAVI THUMMAR

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18. 00.000 EQUITY SHARES OF FACE VALUE OF RS. 10, EACH (" EQUITY SHARES") OF TIRUPATI FORGE LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 29/- PER EQUITY SHARE. INCLUDING A SHARE PREMIUM OF RS. 19/- PER EQUITY SHARE (THE "ISSUE PRICE"). AGGREGATING RS. 522. 00 LAKHS {"THE ISSUE"), OF WHICH 92,0000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 29/- PER EQUITY SHAHE, AGGREGATING RS. 26.68 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 17.00,000 EQUITY SHAHES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 29/- PER EQUITY SHAKE. AGGREGATING RS. 495.32 LAKHS IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 30.97% AND 29.39% RESPECTIVELY OF THE FULLY DILUTED POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated September 21,2017 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 corpara:e bodies/ institutions irrespective of no. of Shares applied for.
c) the unsubscribed portion of the net offer to any one ol 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 affer through ASBA process. For details in this regards, specific attention is invited to chapter "Issue Procedure" on page 222 of the Prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10,00 EACH.
THE ISSUE PRICE OF RS. 29.00 IS 2.9 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON SEPTEMBER 29, 2017 AND CLOSED ON OCTOBER 04, 2017

The Equity Shares offered through the Prospectus are proposed to be listed an the EMERGE platform of National Stock Exchange of India Limited (NSE EMERGE) in terms of the chapter XB of the SEEI (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 September 20,2017 from National  Stock Exchange of India Limited for using its name in the Prospectus for listing of our Snares on NSE EMERGE. The designated stock exchange is NSE EMERGE.

SUBSCRIPTION DETAILS

The issue has received 2,228 applications for 1,15.76.000 Equity shares (Before Technical Rejections but After Bids not Banked and Invalid Duplicate Bids) (including Market Maker Application of 92.000 Equity Shares) resulting 6.43 times subscription. After considering, a Technical Rejection case, the Issue was subscribed 6.36 times (including the Market Maker Portion).
The details of application received (Before Technical Rejection & Bids not Banked)

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION
Market Maker 1 92,000 1
Other than Retail Individual Investors 69 28.52,000 3.34
Retail Individual Investors 2.158 66.32,000 10.11
TOTAL 2.228 1.15,76.000 6.43

The details of applications rejected by the Registrar on technical grounds are detailed below:

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES
Market Maker 0 0
Other than Retail Individual Investors 0 0
Retail individual investors 23 92,000
TOTAL 23 92,000

Detail of the Applications Received (After Technical Rejection & Bids not Banked):

CATEGORY NUMBER OF APPLICATIONS NUMBER OF EQUITY SHARES SUBSCRIPTION REVISED SUBSCRIPTION
Market Maker 1 92,000 1 1
Other than Retail Individual Investors 69 28,52,000 3.34 6.72
Retail Individual Investors 2.135 85 40 000 10.00 6.65
TOTAL 2,205 1,14,84,000 6.38 6.38

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange-NSE on October 09, 2017

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 29/- per Equity Share, was finalized in consultation with NSE The category was subscribed by 1.00 times. The total number of Shares allotted in this category is 92,000 Equity shares in full out of reserved portion of 92000 Equity Shares.

B. Allocation In Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 29/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 6.65 times. Total number of shares allotted in this category are 12,84,000 Equity Shares. The category wise basis of allotmentis as under:

No. of Shares
Applied for (Category wise)
No. of
Applications
received
% to
total
Total No of
Equity Shares
applied
%
to total
Proportionate
Shares
Available
Allncatton per Applicant (Belore
Rounding Off)
Allocation per
Applicant (Alter
Rounding Off)
Ratio of
Allottees to
the Applicants
Total No.of
Equity Shares
allotted
Surplus/ (Deficit)
4.000 2,135 100 85,40,000 100 12.84.000 601.41 4,000 11:73 12.84,000 0

C. Allocation to Other than Retail Individual Investor (After Technical Rejection): Tne Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 29/-per Equity Share, was finalized in consultation with NSE. The category was subscribed by 6.72 tones. Total number of shares allotted in this category is 4,24,000 Equity Shares. The category wise basis of allotment is as under:

Sr
No.
No. of Shares
Applied for (Category wise)
No. of
Applications
received
%
to
total
Total No. of
Equity Shares applied
%
to
total
Proportionate
Shares
Available
Allocation per
Applicant (Before
Rounding Off)
Allocation per
Applicant (After
Rounding Off)
Ratio of
Allottees to
the Applicants
Total No. of
Equity
Shares
allotted
Surplus/ (Deficit)
1 8.000 6 8.70 48,000 1.68 7.138 1.189.33 4,000.00 1:3 8,000 862
2 12.000 6 8.70 72,000 2.52 10.704 1.784.00 4,000.00 1:2 12,000 1.296
3 16,000 12 17.39 192.000 6.73 28.544 2.378.67 4,000.00 7:12 28,000 -544
4 20,000 8 11.59 1,60.000 5.61 23,787 2.973.38 4,000.00 3:1 24,000 213
5 24.000 5 7.25 1,20,000 4.21 17.840 3.568.00 4,000.00 4:5 16,000 -1.840
6 28,000 2 2.90 56,000 1.96 8.325 4.162.50 4,000.00 1:1 8,000 -325
7 32.000 3 4.35 96.000 3.37 14.272 4,757.33 4.00000 1:1 12,000 -2.272
4000 additional share is allotted for Serial no 7 in the ratio of 1;3 4 000.00 1:3 4,000 4,000
8 36,000 1 1.45 36,000 1.26 5,352 5 352.00 4,000.00 1:1 4,000 -1,352
9 40.000 11 15.94 4.40.0OD 15.43 65.414 5.946.73 4,000.00 1:1 44,000
4000 additional share is allotted for Serial no 9 in the ratio of 5:11 4,00000 5:11 20.000 20.000
10 48,000 2 2.90 96.000 3.37 14,272 7,136.00 8.000.00 1:1 16,000 1,728
11 60,000 1 1.45 60.000 2.10 8,920 8.920.00 8.000.00 1:1 8,000 -920
12 80,000 1 1.45 80,000 2.81 11,893 11.893.00 12,000.00 1:1 12,000 107
13 84000 1 1.45 84000 2.95 12488 12488.00 12000 1:1 12000 -488
14 88000 3 4.35 264000 9.26 39248 13082.67 12000 1:1 36000 -3248
4000 additional share Is allotted for Serial no 14 in the ratio of 1;3 4000 1:3 4000 4000
15 92000 1 1.45 92000 3.23 13677 13677.00 12000 1:1 12000 -1677
16 96000 1 1.45 96000 3.37 14272 14272.00 16000 1:1 16000 1728
17 100000 1 1.45 100000 3.51 14867 14867.00 16000 1:1 16000 1133
18 104000 1 1.45 104000 3.65 15461 15461.00 16000 1:1 16000 539
19 120000 l 1.45 120000 4.21 17840 17840.00 16000 1:1 16000 -1840
20 192000 1 1.45 192000 6.73 28544 28544.00 28000 1:1 28000 -544
21 344000 1 1.45 344000 12.06 51142 51142.00 52000 1:1 52000 858
Grand Total 69 100.00 2852000 100.00 424000 424000 0

The Board of Directors of the Company at its meeting held on October 10. 2017 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and authorized corporate action for allotment of shares in dematerialized form to various successful applicants.
The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants- as registered with the depositories / as filled in the application form. Further, the instructions to SCSBs shall be issued on October 10,2017 for unblocking of funds. 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. In case the same is not received within prescribed time. Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE platform of National Stock Exchange of India Limited within six working days from the date of the Closure of the Issue. The trading is proposed to Commence on or before October 12.2017 subject to receipt of listing and trading approvals fram National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made would also be hasted on the website of the Registrar to the Issue at www.linkintime.co.in All future correspondence in this regard may kindly be addressed to the Registrar 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 of the Registrar given below:

LINK INTIME INDIA PRIVATE LIMITED
C-101,1st Floor. 247 Park. L.B S. Mary, vikiiroli (West}, Mumbai 400083 India.
Tel: 022-49186200; Fax: 022-49186195
Email: tirupatiforge.ipo@linkintime.co.in; Website: www.linkintime.co.in
Investor Grievance Id: tirupatiforge.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan: SEBI Registration No.: INR000004058

Date: October 10, 2017

Place: Rajkot, Gujarat

Far TIRUPATI FORGE LIMITED
On behalf of the Board of Director
Sd/-
Hitesh Thummar
Chairman and Managing Director

THE LEVEL OF SUBSCRIPTI0N SHOULD NOT BE TAKEN TO BE INDICATIVE OF THE EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF TIRUPATI FORGE LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.

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