Basis of Allotment
New Page 1

(This is a Public Announcement for Information purposes only. Thie is not a Prospectus announcement and does not
constitute an Invitation or Offer to acquire, purchase subscribe For Securities, Not for distribution outside India,)

Siddharth Education Services Limited

Our Company was incorporated on December 20, 2005 as Siddharth Education Services Limited under the provisions of Act with registration no. 158161 and obtained certificate of commencement of business on January 16, 2006 from the Registrar of Companies, Mumbai. The Corporate Identification Number of our Company is U80902MH2005PLC158161.

Registered Office: Unit No. 101, 1st Floor, Chirag Arcade, behind Nagrik Stores. E.R. Road, Thane- 400601, Maharashtra. India. | Tel: 022-25334903
Website-: www.siddharthacademy.com | E-mail: siddharth_academy@yahoo.co.in | Company Secretary and Compliance Officer: Ms. Radha SushilkumarSharma

OUR PROMOTER: MR. VINAY SHANTARAM BHAGWAT

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 31,08,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH OF SIDDHARTH EDUCATION SERVICES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 35 PEP EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS 25 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS 1087.80 ("THE ISSUE"), OF WHICH 1,56,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH FOR CASH AT A PRICE OF RS 35 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF 25 PER EQUITY SHARE AGGREGATING TO RS 54.60 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE ''MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 29,52,000 EOUITV SHARES OF FACE VALUE OF 10 EACH AT A PRICE OF RS 35 PER EQUITY SHARE AGGREGATING TO RS 1033.20 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.79% AND 25.45% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY
THIS ISSUE IS BEING IN TERMS OF CHAPTER XB OF THE SEBI (ICDR) REGULATIONS, 2009 (AS AMENDED FROM TIME TO TIME), FOR FURTHER DETAILS PLEASE REFER TO "SECTION VII - ISSUE RELATED INFORMATION" BEGINNING ON PAGE 306 OF THE PROSPECTUS.

ISSUE PRICE: RS 35 PER EQUITY SHARE. THE FACE VALUE OF THE
EQUITY SHARE IS RS 10 EACH. THE OFFER PRICE IS 3.5 TIMES THE FACE VALUE.
BID/ISSUE: OPENED ON FRIDAY, SEPTEMBER 29, 2017
CLOSED ON THURSDAY, OCTOBER 05, 2017

The Equity Shares offered through the Draft Red Herring prospectus are proposed to be listed on SME Platform of BSE Limited ("BSE SME"). In terms of the Chapter XB of the SEBI (ICDR) Regulation, 2009, as amended from time to time, our Company has received an observation letter dated September 13, 2017 from BSE for using its name in this offer document for listing our shares on the SME Platform of BSE Limited. For the purpose of this Issue, the designated Stock Exchange will be the BSE Limited ("BSE'). The trading is proposed to be commenced with the effect from Thursday, October 12, 2017. subject to receipt of listing and trading approvals from the BSE.

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 347 applications for 39,76,000 Equity Shares resulting in 1.2793 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 No. of
Application(s)		 % to
Total		 No. of
Equity Shares		 % to
total		 Subscription
(Times)		 Shares as
per Prospectus
Market Maker 1 0.16 198000 3.59 1.00 156000
Other than Retail individual Investors 559 92.86 1118000 20.30 0.60 1476000
Retail Individual Investors 42 6.98 4192000 76.11 2.24 1476000
TOTAL 602 100.00 5508000 100.00 1.40 3108000

The details of applications rejected by the Registrar on technical grounds / withdrawal are detailed below: Technical rejection /Withdrawal

Category No. of Application(s) % to
total		 Issue Size (After
spilled over)		 No. of Valid
Shares applied		 % of
Total Applied		 Subscription
(Times)		 Revised*
Subscription (Times)
Market Mater 1 0 30 156,000 156,000 4.00 1.0000 1.0000
Other than Retail individual Investor's 37 11.11 1,772,000 2,560,000 65.71 1.7344 1.4447
Retail Individual Investor's 295 88.59 1,180,000 1,180,000 30.29 0.7995 1.0000
TOTAL 333 100.00 3,108,000 3,896,000 100.00 1.2535 1.2535

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE on October 10, 2017.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 35 per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.0000 times. The total number of shares allotted In this category Is 156.000 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 35 per Equity Share, was finalized in consultation with BSE. The category was subscribed 0.7995 times. The total number of shares allotted in this category is 1,180,000 Equity Shares to 295 successlul applicants. The retail category has applied for 31.55% of the valid applications under the net offer to public

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
each Category		 % to
Total		 Proportionate
Shares Available		 Allocation per
Applicant Before
Rouoding Off		 Allocation per
Applicant After
Rounding Off		 Ratio of
Allottees to
Applicants		 Total No. of
Shares allocated/
allotted		 Surplus /
Decifit
4,000 295 100 1,180,000 100.00 1,476,000 4,000.00 4,000 1 :1 1,180,000 0
TOTAL 295 100 1,180,000 100.00 1,476,000 4,000 1,180,000 0

C. Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 35 per Equity Share, was finalized in consultation with BSE. The Category was subscribed by 1.444 times. The total number of Shares allotted in this category is 1,772,000 Equity shares.

No. of Shares
Applied for
(Category wise)		 No. of
Applications
received		 % to
Total		 Total No. of Equity
Shares applied in
each Category		 % to
Total		 Proportionate
Shares Available		 Allocation per
Applicant Before
Rouoding Off		 Allocation per
Applicant After
Rounding Off		 Ratio of
Allottees to
Applicants		 Total No. of
Shares allocated/
allotted		 Surplus /
Decifit
8000 7 18.92 56,000 2.19 38,762.50 5,537.50 4,000 1:1 28,000 10,762.50
4,000 2:7 8,000 -8,000.00
12000 7 18.92 84,000 3.28 58,143.75 8,306.25 8,000 1:1 56,000 2,143.75
16000 8 21.62 128,000 5.00 88,600.00 11,075.00 8,000 1:1 64,000 24,600.00
4,000 3:4 24,000 -24,000.00
20000 4 10.81 80,000 3.13 55,375.00 13,843.75 12,000 1:1 48,000 7,375.00
4,000 1:2 8,000 -8,000.00
40000 2 5.41 80,000 3.13 55,375.00 27,687.50 28,000 1:1 56,000 -625.00
44000 1 2.70 44,000 1.72 30,456.25 30,456.25 32,000 1:1 32,000 -1,543.75
144000 2 5.41 288,000 11.25 199,350.00 99,675.00 100,000 1:1 200,000 -650.00
160000 1 2.70 160,000 6.25 110,750.00 110,750.00 112,000 1:1 112,000 -1,250.00
284000 3 8.11 852,000 33.28 589,743.75 196,581.25 196,000 1:1 588,000 1,743.75
288000 1 2.70 288,000 11.25 199,350.00 199,350.00 200,000 1:1 200,000 -650.00
500000 1 2.70 500,000 19.53 346,093.75 346,093.75 348,000 1:1 348,000 -1,906.25
TOTAL 37 100 2,560,000 100.00 1,772,000.00 1,772,000 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 Shanes approved by the Designated Stock Exchange viz. BSE and has authorised the corporate action for the transfer of the Equity Shares to various successlul 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 October 11, 2017. Further, the instructions to Self Certified Syndicate Banks are being processed on October 10,2017. 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 lo get the Equity Shares admitted for trading on the BSE SME Platform 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 meaning assigned to them in the Prospectus dated October 07, 2017. ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. 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
Address; Karvy Selenium Tower- B, Plot 31-32. Gachibowli,
Financial District, Nanakramguda. Hyderabad 500 032
Tel No: +9140-6716 2222 | Fax No: + 91 402343 1551
Website: www.karisma.karvy.com ' Email Id: einward.ris@karvy.com
Investor Grievance Id: sesl.ipo@karvy.com | Contact Person: M Murli Krishna | SEBI REGN NO: INR000000221

Place: Thane, Maharashtra
Date : October 10, 2017		 For Siddharth Education Services Limited
On behall of the Board ol Directors
Sd/-
Reena Dileep Kulkarni
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 SIDDHARTH EDDCATION SERVICES LIMITED.
Close