Basis of Allotment

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(This is only an advertisement for Information purposes and not a Prospectus announcement)

SHARIKA ENTERPRISES LIMITED
Corporate Identity Number: - U51311DL1998PLC093690

Our Company was originally incorporated on May 06, 1998 as "Sharika Enterprises Private Limited" vide CIN U51311DL1998PTC093690 under the provisions of the Companies Act, 1956 with the Registrar of Companies, N.C.T of Delhi and Haryana. Further, our Company was converted into Public Limited Company and consequently name of company was changed from 'Sharika Enterprises Private Limited" to "Sharika Enterprises Limited" vide Special resolution passed by the Shareholders at the Extra Ordinary General Meeting held on August 08, 2017 and a fresh certificate of incorporation dated August 21, 2017 issued by the Registrar of Companies. Delhi. For furthet details please refer to chapter titled "History and Certain Corporate Matters" beginning on page 111 of the Prospectus.

Registered Office; 404, Chiranjiv Tower, 43 Nehru place, New Delhi-110019, Delhi, India. Corporate Office; B-124, Sector-67, Gautam Budh Nagar, Noida, Uttar Pradesh-201301, India
Tel No: +91- 120-2593900, Fax No.: +91-120-2484620 Email: cs@sharikaindia.com, Website: www.sharikaindia.com

CONTACT PERSON: MR MAHESH KUMAR PANDEY, (COMPANY SECRETARY & COMPLIANCE OFFICER)
PROMOTERS OF OUR COMPANY: MR. RAJINDER KAUL MR. RAVINDER BHAN AND MR. ARUN KAUL

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 32,25,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF SHARIKA ENTERPRISES LIMITED {"OUR COMPANY'' OR "ISSUER") FOR CASH AT A PRICE OF RS 43.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 33.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 1386.75 LAKHS ("ISSUE") OF WHICH 1,65,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS 43.00 PER EQUITY SHARE, AGGREGATING TO RS 70.95 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 30,60,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS 43.00 PER EQUITY SHARE AGGREGATING TO RS 1315.80 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"'). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 29.79% AND 28.27%, 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 241 OF THE PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF ENDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBI ICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC IS MADE IN TERMS OF REGULATION 43(4) OF THE SEBI (ICDR) REGULATIONS, 2009, AS AMENDED. FOR FURTHER DETAILS, PLEASE REFER TO SECTION TITLED "ISSUE PROCEDURE" BEGINNING ON PAGE 250 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10.00 EACH AND THE ISSUE PRICE IS RS 43.00 THE ISSUE PRICE IS 4.3 TIMES OF THE FACE VALUE.

MINIMUM APPLICATIONS SIZE OF 3,000 EQUITY SHARES AND IN MULTIPLES OF 3,000 EQUITY SHARES THEREAFTER

ISSUE OPENED ON: WEDNESDAY, NOVEMBER 15, 2017 AND ISSUE CLOSED ON: FRIDAY, NOVEMBER 17, 2017, PROPOSED LISTING: NOVEMBER 27, 2017

The Equity Shares offered through the prospectus are proposed to be listed on the SME Platform of BSE Lmited ("BSE SME"). Our Company has received an approval letter dated November 03, 2017 from BSE for using its name in this offer document for listing of our shares on the SME Platform of BSE Limited ("BSE SME"), for the purpose of this issue, the Designated Stock Exchange will be the BSE Limited. The trading is prposed to be commenced on or about November 27, 2017.*

*Subject to receipt of listing and trading approvals from the BSE limited.

All Applicants were allowed to participle 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 amount were blocked hy Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The issue tias received 18505 applications for 19,06,80,000 Equity Shares resulting in 59.13 times subscription (including reserved portion of market maker). The details of the applications received in this issue (before technical rejections) are as follows;
Detail of the Applications Received (Before Technical Rejection):

CATEGORY NUMBER OF
APPLICATIONS
% NUMBER OF
EQUITY SHARES
% SUBSCRIPTION
(TIMES)
Market Maker 1 0.01 1,65,000 0.09 1.00
Retail Individual Investors 18306 98.92 5,49,18,000 28.80 35.89
Other than Retail Individual Investors 198 1.07 13,55,97,000 71.11 88.63
TOTAL 18505 100.00 19,06,80,000 100.00 59.13

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 Nil Nil
Retails individual Investors 243 7,29,000
Other than Retail Individual Investors 3 18,000
Total 246 7,47,000

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 1,65,000 1,65,000 100 1 00
Total 1 100 1,65,000 1,65,000 100 1.00

 

Category No.of
Applications
% Reserved Portion
(as per Prospectus)
Proportionate Issue Size
(After rounding off)
No. of Valid
Shares applied
% of
Total Applied
Subscription
(Times)
Retails individual Investors 18063 98.93 15,30,000 15,30,000 5,41,89,000 28.53 35.42
Other than Retail Individual Investors 195 1.07 15,30,000 15,30,000 13,55,79,000 71.44 88.61
Total 18258 100.00 30,60,000 30,60,000 18,97,68,000 100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on November 22, 2017.

A Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue pnee of Rs43 per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 1,65,000 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
Equity Shares
applied in this
Category
% to 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 roundhg off)
Total No. of
Equity
Shares
allocated/
allotted
No. of
Shares
Surplus /Deficit
1,65,000 1 100.00 1,65,000 100.00 1,65,000 1,65,000 1,65,000 1 1 1 1,65,000 --
TOTAL 1 100.00 1,65,000 100.00 1,65,000 1,65,000 1,65,000 1 1 1 1,65,000 --

B. Allocation to Retail individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotmanl to the Retail Individual Investors, at the issue price of Rs 43 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 35.42 times i.e. for 5,41,89,000 Equity Shares. Total number of shares allotted in this category is 15,30,000 Equity Shares to 510 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
% to 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 roundhg off)
Total No. of
Equity
Shares
allocated/
allotted
No. of
Shares
Surplus /Deficit
3000 18063 100.00 5,41,89,000 100.00 15,30,000 84.70 3000 170 6021 510 15,30,000 0.00
TOTAL 18063 100.00 5,41,89,000 100.00 15,30,000 510 15,30,000 0.00

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 43 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 88.61 times i.e. for 13,55,79,000 shares the total number of shares allotted in this category is 15,30,000 Equity Shares to 111 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
% to 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 roundhg off)
Total No. of
Equity
Shares
allocated/
allotted
No. of
Shares
Surplus /Deficit
6000 32 16.41 192,000 0.14 2,167 67.71 3,000 1 32 1 3,000 -833
9000 11 5.64 99,000 0.07 1,117 101.56 0 0 11 0 - 1117
12000 5 2.56 60,000 0.04 677 135.42 0 0 5 0 - 677
15000 5 2.56 75,000 0 06 846 169.27 0 0 5 0 - 846
18000 2 1.03 36,000 0.03 406 203.13 0 0 2 0 - 406
21000 1 0.51 21,000 0.02 237 236.98 0 0 1 0 - 237
24000 3 1.54 72,000 0 05 813 270.84 0 0 3 0 - 813
27000 3 1.54 81,000 0.06 914 304.69 0 0 3 0 - 914
30000 1 0.51 30,000 0.02 339 338 55 0 0 1 0 - 339
33000 1 0.51 33,000 0.02 372 372.40 0 0 1 0 - 372
36000 2 1.03 72,000 0.05 813 406.26 0 0 2 0 - 813
39000 1 0.51 39,000 0,03 440 440.11 0 0 1 0 - 440
42000 2 1.03 84,000 0.06 948 473.97 0 0 2 0 - 948
45000 1 0.51 45,000 0,03 508 507.82 0 0 1 0 - 508
48000 1 0.51 48,000 0.04 542 541.68 0 0 1 0 - 542
54000 3 1.54 162,000 0.12 1,828 609.39 3,000 3.000 3 1 - -1172
57000 1 0.51 57,000 0.04 643 643.24 0 0 1 0 - 643
60000 1 0.51 60,000 0.04 677 677.10 0 0 1 0 - 677
63000 1 0.51 63,000 0.05 711 710.95 0 0 1 0 - 711
72000 2 1.03 144,000 0.11 1,625 812.52 3,000 1 2 1 3,000 -1375
84000 1 0.51 84,000 0 06 948 947.93 0 0 1 0 - 948
90000 1 0.51 90,000 0.07 1,016 1015.64 0 0 1 0 - 1016
102000 1 0.51 102,000 0.08 1,151 1151.06 0 0 1 0 - 1151
114000 2 1.03 228,000 0.17 2,573 1286.48 3,000 1 2 1 3,000 -427
120000 1 0.51 120,000 0.09 1,354 1354.19 0 0 1 0 - 1354
123000 2 1.03 246,000 0.18 2,776 1388.05 3,000 1 2 1 3,000 -224
135000 2 1.54 405,000 0.30 4,570 1523.47 3,000 2 3 2 6,000 -1430
138000 1 0.51 138,000 0.10 1.557 1557.32 3,000 1 1 1 3,000 -1443
150000 1 0.51 150,000 0.11 1,693 1692.74 3,000 1 1 1 3,000 -1307
159000 1 0.51 159,000 0.12 1,794 1794.30 3,000 1 1 1 3,000 -1206
162000 1 0.51 162,000 0.12 1,828 1828.16 3,000 1 1 1 3,000 -1172
180000 1 0.51 180,000 0.13 2,031 2031.29 3,000 1 1 1 3,000 -969
186000 1 0.51 186,000 0.14 2,099 2099.00 3,000 1 1 1 3,000 -901
189000 1 0.51 189,000 0.14 2,133 2132.85 3,000 1 1 1 3,000 -867
192000 1 0.51 192,000 0.14 2,167 2166.71 3,000 1 1 1 3,000 -833
195000 1 0.51 195,000 0.14 2,201 2200.56 3,000 1 1 1 3,000 -799
198000 1 0.51 198,000 0.15 2,234 2234.42 3,000 1 1 1 3,000 -766
210000 1 0.51 210,000 0.15 2,370 2369 84 3,000 1 1 1 3,000 -630
213000 1 0.51 213,000 0.16 2,404 2403.69 3,000 1 1 1 3,000 -596
216000 2 1.03 432,000 0.32 4,875 2437.55 3,000 1 1 1 6,000 -1125
225000 1 0.51 225,000 0.17 2,539 2539.11 3,000 1 1 1 3,000 -461
231000 4 2.05 924,000 0.68 10,427 2606.82 3,000 1 1 4 12,000 -1573
234000 6 3.08 1,404,000 1.04 15,844 2640.67 3,000 5 6 5 15,000 844
285000 1 0.51 285,000 0.21 3,216 3216.21 3,000 1 1 1 3,000 216
288000 1 0.51 288,000 0.21 3,250 3250.06 3,000 1 1 1 3,000 250
300000 3 1.54 900,000 0.66 10,156 3385.48 3,000 1 1 1 9,000 1156
354000 2 1.03 708,000 0.52 7,990 3994.87 3,000 1 1 1 9,000 -1010
360000 1 0.51 360,000 0.27 4,063 4062.58 3,000 1 1 1 3,000 1063
369000 2 1.03 738,000 0.54 8,328 4164.14 3,000 1 1 2 9,000 -672
372000 1 0.51 372,000 0.27 4,198 4198 00 3,000 1 1 1 3,000 1198
375000 1 0.51 375,000 0.28 4,232 4231.85 3,000 1 1 1 3,000 1232
378000 1 0.51 378,000 0.28 4,266 4265.70 3,000 1 1 1 3,000 1266
381000 1 0.51 381,000 0.29 4,300 4299.56 3,000 1 1 1 3,000 1300
384000 1 0.51 384,000 0.28 4,333 4333.41 3,000 1 1 1 3,000 1333
387000 1 0.51 387,000 0.29 4,367 4367.27 3,000 1 1 1 3,000 1367
390000 2 1.03 780,000 0.58 8,802 4401.12 3,000 1 1 2 9,000 -198
393000 1 0.51 393,000 0.29 4,435 4434.98 3,000 1 1 1 3,000 1435
396000 1 0.51 396,000 0.29 4,469 4468.83 3,000 1 1 1 3,000 1469
399000 1 0.51 399,000 0.29 4,503 4502.69 6,000 1 1 1 6,000 -1497
402000 1 0.51 402,000 0.30 4,537 4536.54 6,000 1 1 1 6,000 -1463
405000 2 1.03 810,000 0.60 9,141 4570.40 3,000 1 1 2 9,000 141
408000 1 0.51 408,000 0.30 4,604 4604.25 6,000 1 1 1 6,000 -1396
411000 1 0.51 411,000 0.30 4,638 4638.11 6,000 1 1 1 6,000 -1362
423000 1 0.51 423,000 0.31 4,774 4773.53 6,000 1 1 1 6,000 -1226
426000 1 0.51 426,000 0.31 4,807 4807.38 6,000 1 1 1 6,000 -1193
429000 1 0.51 429,000 0.32 4,841 4841.24 6,000 1 1 1 6,000 -1159
471000 1 0.51 471,000 0.35 5,315 5315.20 6,000 1 1 1 6,000 -685
627000 1 0.51 627,000 0.46 7,076 7075.65 6,000 1 1 1 6,000 1076
630000 1 0.51 630,000 0.46 7,110 7109.51 6,000 1 1 1 6,000 1110
633000 1 0.51 633,000 0.47 7,143 7143.36 6,000 1 1 1 6,000 1143
690000 1 0.51 690,000 0.51 7,787 7786.60 9,000 1 1 1 9,000 -1213
759000 1 0.51 759,000 0.56 8,565 8565.26 9,000 1 1 1 9,000 -435
783000 1 0.51 783,000 0.58 8,836 8836.10 9,000 1 1 1 9,000 -164
786000 1 0.51 786,000 0.58 8,870 8869.96 9,000 1 1 1 9,000 -130
792000 1 0.51 792,000 0.58 8,938 8937.67 9,000 1 1 1 9,000 -62
813000 3 1.54 2,439,000 1.80 27,524 9174.65 9,000 1 1 3 27,000 524
1044000 1 0.51 1,044,000 0.77 11,781 11781.47 12,000 1 1 1 12,000 -219
1266000 1 0.51 1,266,000 0.93 14,287 14286.73 15,000 1 1 1 15,000 -713
1530000 1 0.51 1,530,000 1.13 17,266 17265 95 18,000 1 1 1 18,000 -734
1743000 2 1.03 3,486,000 2.57 39,339 19669.64 18,000 1 1 2 39,000 339
1860000 2 1.03 3,720,000 2.74 41,980 20989.98 21,000 1 1 2 42,000 -20
2325000 1 0.51 2,325,000 1.71 26,237 26237.47 27,000 1 1 1 27,000 -763
3060000 31 15.90 94,860,000 69.97 1,070,489 34531.90 33,000 1 1 31 10,68,000 2489
195 100.00 13,55,79,000 100.00 15,30,000 373350.74 396,000 111 15,30,000 0.00

The Board of Directors of the Company at its meeting held on November 22, 2017 has approved the Basis of Allocation of Equity Shares as approved by the Designated Stock Exchange viz. BSE Limited and in meeting held on November 22, 2017 has autorized the corporate action for issue of the Equity Shares to various successful Applicants.

The CAN-cum-Refund advice and allotment advice and/or notices will forwarded to the email id's and address of the Applicants as registered with the depositories / as filled in the application form on or before November 24, 2017, Further the instructions to self Certified Syndicate Banks for unblocking the amount will processed on or prior to November 24, 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 beneficiery 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 BSE Limited (BSE SME), 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 November 08, 2017 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the issue, Skyline Financial Services private Limited at www.skylineinfra.com All future correspondence in this regard may kindaly 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 of the address of the Registrar given below.

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phasa-I, New Delhi-110020,
Tel No.: +91 11 64732681-88, Fax No.: +91 11 26812682
Email: virenr@skylinerta.com or admin@skylinerta.com
Investor Grievance Email: grievance@skylinerta.com , Website: www.skylinerta.com
Contact Person: Mr. Virender Rana, SEBI Regn NO.: INR000003241

Place: New Delhi
Date: November 23, 2017
FOR SHARIKA ENTERPRISES LIMITED
On Behalf of Board of Directors
SD/-
Mr. Rajinder Kaul
Managing Director
DIN: 01609805

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES OR LISTING OR THE BUSINESS PROSPECTUS OF SHARIKA ENTERPRISES LIMITED.

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