Basis of Allotment
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(THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)

PASHUPATI COTSPIN LIMITED
Corporate Identity Number: U17309GJ2017PLC098117

Our Company was originally incorporated as "Pashupati Cotspin LLP" on January 07, 2013 under the provisions of Limited Liability Partnership Act, 2008 with Registrar of Companies, Gujarat, Dadra and Nagar Havelli vide (LLPIN:3046) and received a certificate of incorporation from the Registrar of Companies, Gujarat, Dadra and Nagar Havelli on January 07, 2013. Later, "Pashupati Cotspin LLP" was thereafter converted from a Limited Liability Partnership into a Private Limited Company under part I Chapter XXI of Section 366 of Companies Act, 2013 with the name of "Pashupati Cotspin Private Limited" and received a fresh certificate of incorporation from the Registrar of Companies Gujarat, Central registration Centre on July 03, 2017. The Corporate Identification Number of our Company is U17309GJ2017PTC098117. Later, our Company was converted into Public Limited Company and consequently name of company was changed from "Pashupati Cotspin Private Limited" to "Pashupati Cotspin Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on July 11, 2017 and a fresh certificate of incorporation dated July 18, 2017 issued by the Registrar of Companies Ahmedabad. For further details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 110 of the Prospectus.

Registered Office & Factory Unit: Survey No.404 At & Post Balasar, Kadi-Detroj Road, Kadi, Mahesana - 382715, Gujarat, India.
Corporate Office: D-707, Ganesh Meridian, Opp. Gujarat High Court, S.G. Highway, Ahmedabad- 380060, Gujarat, India.
Tel. No: +91-02764-262200 | E-mail: info@pashupaticotspin.com | Website: www.pashupaticotspin.com
Contact Person: MR. PRATIK ASHOKBHAIPATEL, (COMPANY SECRETARY & COMPLIANCE OFFICER)

PROMOTERS OF OUR COMPANY: MR. SAURIN JAGDISH BHAI PARIKH,
MR. TRIVEDI TUSHAR R AND MR. DAKSHESH JAYANTILAL PATEL

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 27,84,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF PASHUPATI COTSPIN LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 75.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 65.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 2088.00 LAKHS ("ISSUE" ) OF WHICH 2,04,800 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 75.00 PER EQUITY SHARE, AGGREGATING TO RS 153.60 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 25,79,200 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 75.00 PER EQUITY SHARE AGGREGATING TO RS 1934.40 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.07% AND 25.08%, 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 215 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009(THE "SEBIICDR REGULATIONS"), AS AMENDED.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 75.00.
THE ISSUE PRICE IS 7.5 TIMES OF THE FACE VALUE.

ISSUE OPENED ON MONDAY, AUGUST 28, 2017 AND CLOSED ON THURSDAY, AUGUST 31, 2017.
PROPOSED LISTING: FRIDAY, SEPTEMBER 08, 2017*

The Equity Shares offered through Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE"). 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 August 08, 2017 from NSE for using its name in this offer document for listing of our shares on the SME Platform of NSE ("NSE EMERGE"). For the purpose of this Issue, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be commenced on or about September 08, 2017.*
*Subject to receipt of listing and trading approvals from the NSE.

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 1387 applications for 46,57,600 Equity Shares resulting in 1.673 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
Equity		 % Subscription
(Times)
Market Maker 1 0.07 2,04,800 4.40 1.00
Retail Individual Investors 1324 95.46 21,18,400 45.48 1.643
Other than Retail Individual Investors 62 4.47 23,34,400 50.12 1.810
TOTAL 1387 46,57,600

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

Category No. of Applications No. of Equity Shares
Market Maker - -
Retail Individual Investors 37 59,200
Other than Retail Individual Investors - -
Total 37 59,200

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

Category No. of
Applications		 % Reserved Portion
(as per Prospectus)		 No. of Valid
Shares applied		 % of
Total Applied		 Subscription
(Times)
Market Maker 1 100 2,04,800 2,04,800 100 1.00
Total 1 100 2,04,800 2,04,800 100 1.00

 

Category No. of
Applications		 % Reserved Portion
(as per Prospectus)		 Proportionate Offer
Size (After
rounding off)		 No. of Valid
Shares applied		 % of
Total Applied		 Subscription
(Times)
Retail Individual Investors 1287 95.40 12,89,600 12,89,600 20,59,200 46.87 1.597
Other than Retail Individual Investors 62 4.60 12,89,600 12,89,600 23,34,400 53.13 1.810
Total 1349 100 25,79,200 25,79,200 43,93,600 100

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange Limited on September 05,2017

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of  Rs 75 per Equity Share, was finalised in consultation with National Stock Exchange Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 2,04,800 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 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
Allottees
to
Applicant:
Ratio 1		 Ratio of
Allottees
to
Applicant:
Ratio 2		 Number of
Successful
applicants
(after
rounding off)		 Total No.
of Equity
Shares
allocated/
allotted		 No. of
Shares
Surplus/
Deficit
2,04,800 1 100.00 2,04,800 100.00 2,04,800 2,04,800 2,04,800 1 1 1 2,04,800 -
TOTAL 1 100.00 2,04,800 100.00 2,04,800 1 2,04,800 -

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 75 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 1.597 times i.e. for 20,59,200 Equity Shares. Total number of shares allotted in this category is 12,89,600 Equity Shares to 806 successful applicants.
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 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
Allottees
to
Applicant:
Ratio 1		 Ratio of
Allottees
to
Applicant:
Ratio 2		 Number of
Successful
applicants
(after
rounding off)		 Total No.
of Equity
Shares
allocated/
allotted		 No. Of
Shares
Surplus/
Deficit
1600 1287 100.00 20,59,200 100.00 12,89,600 1002.02 1600 62 99 806 12,89,600 0
TOTAL 1287 100.00 20,59,200 100.00 12,89,600 806 12,89,600 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 issue price of Rs 75 per Equity Share, was finalized in consultation with National Stock Exchange Limited. The category was subscribed by 1.810 times i.e. for 23,34,400 shares the total number of shares allotted in this category is 12,89,600 Equity Shares to 62 successful applicants.
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 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 Allottees
to Applicant:
Ratio 1		 Ratio of Allottees
to Applicant:
Ratio 2		 Number of
Successful applicants
(after
rounding off)		 Total No.
of Equity
Shares allocated/
allotted		 No. of
Shares
Surplus/
Deficit
3,200 13 20.97 41,600 1.78 22981 1767.77 1,600 1 1 13 20800 2181
4,800 8 12.90 38,400 1.64 21213 2651.63 3,200 1 1 8 25600 -4387
6,400 2 3.23 12,800 0.55 7071 3535.50 3,200 1 1 2 6400 671
8,000 7 11.29 56,000 2.40 30936 4419.43 4,800 1 1 7 33600 -2664
17,600 1 1.61 17,600 0.75 9723 9723.00 9,600 1 1 1 9600 123
32,000 10 16.13 3,20,000 13.71 176779 17677.90 17,600 1 1 10 176000 779
33,600 1 1.61 33,600 1.44 18562 18562.00 19,200 1 1 1 19200 -638
40,000 5 8.06 2,00,000 8.57 110487 22097.40 22,400 1 1 5 112000 -1513
48,000 6 9.68 2,88,000 12.34 159101 26516.83 25,600 1 1 6 153600 5501
52,800 3 4.84 1,58,400 6.79 87505 29168.33 28,800 1 1 3 86400 1105
60,800 1 1.61 60,800 2.60 33588 33588.00 33,600 1 1 1 33600 -12
80,000 1 1.61 80,000 3.43 44195 44195.00 44,800 1 1 1 44800 -605
1,26,400 1 1.61 1,26,400 5.41 69828 69828.00 70,400 1 1 1 70400 -572
200,000 1 1.61 2,00,000 8.57 110487 110487.00 1,10,400 1 1 1 110400 87
3,00,800 1 1.61 3,00,800 12.89 166172 166172.00 1,66,400 1 1 1 166400 -228
4,00,000 1 1.61 4,00,000 17.14 220973 220973.00 2,20,800 1 1 1 220800 173
TOTAL 62 100.00 23,34,400 100.00 12,89,601 781363.00 7,82,400 0 0 62 12,89,600 0

The Board of Directors of the Company at its meeting held on September 06, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. NSE 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 September 07, 2017. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will be processed on or about September 06, 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 National Stock Exchange of India 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 August 21,2017 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issuer, Sharex Dynamic (India) Private Limited at www.sharexindia.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:

SHAREX DYNAMIC (INDIA) PRIVATE LIMITED
Unit -1, Luthra Industrial Premises, Safed Pool, Andheri Kurla Road, Andheri (East), Mumbai - 400 072, Maharashtra, India.
Tel. No.: +91 - 22 - 2851 5606 / 44 | Fax No.: +91 - 22 - 2851 2885 | Website: www.sharexindia.com
Email: sharexindia@vsnl.com | Investor Grievance Email: pcl.ipo@sharexindia.com
Contact Person: Mr. K. C. Ajitkumar | SEBI Regn. No.: INR000002102

Place : Kadi, Gujarat
Date: 06.09.2017		 For Pashupati Cotspin Limited
On behalf of the Board of Directors
Sd/-
Mr. Saurin Jagdish Bhai Parikh
Chairman & Managing Director

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 PASHUPATI COTSPIN LIMITED.
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