Basis of Allotment

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(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT.)

PENTA GOLD LIMITED

Corporate Identification Number U51109GJ2012PLCa69352

Our Company was incorporated as 'Penta Gold Private Limited' a private limited company under the Companies Act. 1956 pursuant to Certificate of Incorporation dated March 12, 2012 issued by the Registrar of Companies. Gujarat Dadra & Nagar Haveli. Subsequently, our Company was converted into a public limited company and the name of our Company was changed to "Penta Gold Limited' pursuant to a Certificate of Incorporation dated March 22.2017 issued by the Registrar of Companies, Ahmedabad. For further details of our Company, please refer 'General Information" and "History and Certain Other Corporate Matters' on pages 35 and 72, respectively of the Prospectus.

Registered Office: 2224, Manek Chowk, Opp. Old Share Bazar, Ahmedabad - 380 001, Gujarat India.| Tel.: +91 79 22153555
Corporate Office: 30. tst Floor. Champa. Gully. Zaveri Bazar. Mumbai - 400 002. Maharashtra. India | Tel.: +91 22 2240 2255
Email: info@pentagold.in | Website: www.pentagold.in | Company Secretory and Compliance Officer: Savita R. Navik

PROMOTER OF THE COMPANY: KETAN M. SHROFF

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 36,00,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH OF PENTA GOLD LIMITED ("OUR COMPANY' OR THE ISSUER") FOR CASH  AT A PRICE OF RS 37.00 PER EQUITV SHARE (INCLUDING A SHARE PREMIUM OF RS 27.00 PER EQUITY SHARE) (ISSUE PRICE) AGGREGATING TO RS 1.332.00 LAKHS ("THE ISSUET OF THE ISSUE. 1.80.000 EQUITY SHARES AGGHEGATIHG TO RS 66.60 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 34.20.000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 37.00 PER EQUITY SHARE AGGREGATING TO RS 1.265.40 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.29% AND 26.88%. RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHAHE CAPITAL OF OUR COMPANY.
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 ISSUE OF 34,20,000 EQUITY SHARES, NOT LESS THAN 50% SHALL BE AVALABLE TO RETAIL INDIVIDUAL INVESTORS AND THE REMAINING TO INDIVIDUAL APPLICANTS OTHER THAN RETAIL INVESTORS AND OTHER INVETORS INCLUDING CORPORATE BODIES OR INSTITUTIONS IRRESPECTIVE OF THE NUMBER OF SHARES APPLIED FOR. IFTHE RETAIL INDIVIDUAL INVESTOR CATEGORY IS ENTITLED TO MORE THAN 50% ON PROFORATlONATE BASIS. THEY SHALL BE ALLOTTED THAT HIGHEH PERCENTAGE.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE OF RS 37 IS 3.7 TIMES OF THE FACE VALUE
ISSUE OPENED ON MARCH 23, 2018 AND CLOSED ON MARCH 27, 2018

PROPOSED LISTING: WEDNESDAY, APRIL 25, 2018

The Equity Shares offered through this Prospectus are proposed to be listed on the NSE Emerge Platform. In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended from time to time, we are not required to obtain an in-principal listing approval for the shares being offered in this Issue. However, our Company has received an approval letter dated November 13, 2017 from NSE for using its name in this Prospectus for listing of our Equity Shares on the NSE Emerge Platform. For the purpose of this Issue, National Stock Exchange of India Limited (NSE} shall be the Designated Stock Exchange. The trading is proposed to be commenced with effect from WEDNESDAY, APRIL 25, 2018*
*Subject to receipt of listing and trading approvals from the NSE.

All Applicants participated 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 105 applications for 20.01.000 Equity Shares resulting in 0.56 times subscription (including reserved portion of Market Maker). Since this Issue was fully underwritten, and requisite notice was sent to Underwriters i.e. Inventure Merchant Banker Services Private Limited and GCM Securities Limited. In terms of the SAT Order dated April 17, 2018. Inventure Merchant Banker Services Private Limited have agreed to fulfil their underwriting obligation of 15% of the Issue Size on their own account and have accordingly transferred Rs. 1,99,80,000 into the Public Issue Account opened for the IPO with ICICI Bank Limited. As per the SAT Order, for the balance portion the Shares subscribed by the 8 investors have been considered. Hence Underwriters have arranged for subscription for the shortfall of Equity Shares and accordingly Issue was oversubscribed. 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 % Subscription (Times)
Non Retail Investor's 12w 10.53% 15,45,000 37.18% 0.904
Market Makers 1 0.88% 1,80,000 4.33% 1.000
Retail Individual Investor's 92 80.70% 2,76,000 6.64% 0.161
Lead Manager's Underwriter Obligations 1 0.88% 5,40,000 13.00% 1.000
Other Procured Investors for Underwriting Obligations 8 7.02% 16,14,000 38.84% 1.524
Total 114 100.00% 100.00 1.154

The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below;

TECHNICAL REJECTION/ WITHDRAWAL

Category No. of Applications No. of Equity Shares
Market Maker Nil Nil
Retail Individual Investors 2 6000
Non Retail Investors Nil Nil
Total 2 6000

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

Category Number of Applications % No. of Equity Shares. % Subscription Proportionate No. of Equity Shares
(Allocated) After Rounding Off
Non Retail Investor's 12 10.71% 15,45,000 37.24% 1.000 1545000
Market Maker 1 0.89% 1,80,000 4.34% 1.000 180000
Retail Individual Investor's 90 80.36% 2,70,000 6.51% 1.000 270000
Lead Manager's Underwriter Obligations 1 0.89% 5,40,000 13.02% 1.000 540000
Other Procured Investors for Underwriting Obligation 8 7.14% 16,14,000 38.50% 1.515 1065000
Total 112 100.00% 41,49,000 100.00% 1.153 3600000

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on April 20, 2018.
A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker at the Issue price of Rs. 37/- per Equity Share, was finalized in consultation with NSE The category was subscribed by 1.00 times. The total number of shares allowed In this category is 1,80,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 37/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 0.158 times i.e. tor 2,70,000 equity shares. Due to under subscription all the 90 valid applicants in this category have been given full and firm allotment of 3,000 equity shares each and the under subscribed portion, of 14,40,000 equity shares from Retail Individual Investors Category have been spilled over to Non-Retail Individual Investors Category.
C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 37/-per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.490 times. The under subscribed 16,05,000 Equity shares from Non Retail  investors Category have been spilled over to Underwrites Category). The total number of shares allotted in this category is 15,45,000 Equity Shares.

The Category-wise details of the Basis of Allotment are as under;

No. of Shares
applied for
(Category wise)
No.of
Applications
Received
% to total Total No. of Shares
Applied in Category wise
% of
total
Proportionate Shares
Available
Allocation Per
Applicant Before
Rounding off
Allocation Per Applications
After
Rounding off
Ratio of Allottecs to  Applicants Total No.
of Shares
Allotted
Surplus/ Deficit
15000 1 8.33 15000 0.97 30582 15000.00 15000 1:1 15000 15582
27000 2 16.67 54000 3.50 110097 27000.00 27000 1:1 54000 56097
33000 2 16.67 66000 4.27 134563 33000.00 33000 1:1 66000 68563
42000 1 8.33 42000 2.72 85631 42000.00 42000 1:1 42000 43631
51000 1 8.33 51000 3.30 103981 51000.00 51000 1:1 51000 52981
54000 1 8.33 54000 3.50 110097 54000.00 54000 1:1 54000 56097
81000 1 8.33 81000 5.24 165146 81000.00 81000 1:1 81000 84146
147000 1 8.33 147000 9.51 299709 147000 00 147000 1:1 147000 152709
225000 1 8.33 225000 14.56 458738 225000.00 225000 1:1 225000 233738
810000 1 8.33 810000 52.43 1651456 810000.00 810000 1:1 810000 841456
Total 12 100 1545000 100 3150000 15,45,000 1605000

16,05,000 equity shares from Non-Retail Investors Category have been spilled over to Underwriter's Category.

D. Allocation to Lead Managers Underwriters Obligation (After Technical Rejections & Withdrawal): Unsubscribed portion of 1,605,000 equity shares braught-in by the Merchant banker Underwriters obligation and Other Procured Investors at the issue price of Rs 37/- per Equity Shares. In terms of the SAT Order dated April 17,2018, Lead Manager, Inventure Merchant Banker Services Private Limited have agreed to fulfil their underwriting; obligation of 15% of the Issue Size on their own account and have accordingly subscribed for 5.40.000 Equity Shares. As per the SAT Order for the balance portion of 10,65,000 equity shares, subscription by the 8 procured Investors have been considered. The Basis of Allotment for Lead Managers Underwriter Category at the Issue price of Rs. 37/-per Equity Share, was finalised in consultation with NSE and 5,40,000 Equity Shares were allotted to inventure Merchant Banker Services Private Limited.
E. Allocation to Other Procured Investors (for Balance Unsubscribed Portion) (After Technical Rejections & Withdrawal): As per the SAT Order, for the balance portion of 10,05,000 equity shares, subscription by the 8 procured investors have been considered. The Basis of Allotment for Other Procured Investors Category at the issue price of Rs.37/-per Equity Share, was finalised in consultation with NSE. The category wise basis of allotment is as under:

No. of Shares
applied for
(Category wise)
No.of
Applications
Received
% to total Total No. of Shares
Applied in each category
% of
total
Proportionate Shares
Available
Allocation Per
Applicant Before
Rounding off
Allocation Per Applicant After Rounding off Ratio of Allottecs to Applicants Total No.
of Shares
Allotted
Surplus/ Deficit
45000 1 12.50 45000 2.79 29693 29693.00 30000 1:1 30000 -307
54000 1 12.50 54000 3.35 35632 35632.00 36000 1:1 36000 -368
135000 2 25.00 270000 16.73 178160 89080.00 90000 1:1 180000 -1840
270000 2 25.00 540000 33.46 356320 178160.00 177000 1:1 354000 2320
300000 1 12.50 300000 18.59 197955 197955 00 198000 1:1 198000 -45
405000 1 12.50 405000 25.09 267240 267240.00 267000 1:1 267000 240
Total 8 100 1614000 100 1065000 10,65,000 0

The Board of Directors of the Company at its meeting held on April 21, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.
The CAN and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories on or before April 24, 2018. Further, the instructions to Self Certified Syndicate Banks are being processed on or prior to April 23.2018. The Equity Shares allocated to successlul 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 EMERGE Platform of NSE on April 25.2018.
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them In the Prospectus dated March 15.2018 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to theIssue, KARVY COMPUTERSHARE PRIVATE LIMITED at www.karisma.karvy.com 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:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B, Plot 31-32, Gachibowli, Finacial District.
Nanakramguda. Hyderabad - 500032. Telangana. India
Tel No: + 91 40 - 6715 2222; Fax No: + 91 402343 1551
E-mail: einward.ris@karvy.com; Investor Grievance Email; pentagold.ipo@karvy.com
Website; www.karisma.karvy.com; SEBI Registration No: INR000000221
Contact Person: M.Murali Krishna

Place; Mumbai

Date: April 24.2018

For Penta Gold Limited
On behalf of the 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 PENTA GOLD LIMITED.

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