Basis of Allotment

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(This is only an adverstisement for Information purpose and not a Prospectus announcement.)

ARVEE LABORATORIES (INDIA) LIMITED
CIN: U24231GJ2012PLC068778

Our Company was incorporated as Arvee Laboratories (India) Private Limited under the provisions of the Companies Act, 1956 vide certificate of incorporation dated January 27,2012 in Ahmedabad, Gujarat. Subsequently, the name of the company was changed to Arvee Laboratories (India) Limited pursuant to shareholders resolution on September 11. 2017 and vide fresh certificate of incorporation dated September 13, 2017. The Corporate Identification Number of Our Company is U24 231G J2012 PLC068776 For further details please refer to chapter titled 'Our History and Certain Other Corporate Matters' beginning on page 126 of the Prospectus.

Registered Office; 49/3-B, Shyamal Row Houses, 100 Feet Road, Near Sanjay Tower Satelitte. Ahmedabad- 300015, Gujarat, India
Corporate Office: 4:th Floor. Anison Building. Stadium Five Roads. Swastik Society. 0pp. Shreyas Hospital, Navrangapura, Ahmedabad-350009, Gujarat
Tel No.: +91-79-26749036/37/38; Fax No: +91-79-26742600; E-mail: shalin.patel@arveelabs.com; Website: www.arveelabs.com
Contact Person: Mr Shalin SudhaKarbhai Patel. Managing Director and Ms Neelam Dilip Chotrani, Company Secretary & Compliance Officer

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 14,60,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FULLY PAID UP OF ARVEE LABORATORIES (INDIA) LIMITED ("ARVEE" OR THE COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS 61 ./- PER EQUITY SHARE (THE ISSUE PRICE.") (INCLUDING A SHARE PREMIUM OF RS. 51/- PER EQUITY SHARE AGGREGATING RS. 690.60 LAKHS (THE "ISSUE") BY OUR COMPANY. OF WHICH 76,000 EQUITY SHARES OF RS. 10/-FULLY PATD UP EACH WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE ("MARKET MAKER RESERVATION PORTION). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 13,84,000 EQUITY SHARES OF RS. 10/ EACH FULLY PAID UP IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE ".THE ISSUE WILL CONSTITUTE 26.50% OF THE POSTISSUE PAID UP EQUITY SHARE CAPITAL OF THE 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 INFORMATION' BEGINNING ON PAGE 218 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH.
THE ISSUE PRICE IS RS, 61/- THE ISSUE; PRICE IS 6.10 TIMES THE FACE VALUE.

                                 ISSUE

OPENED ON: FEBRUARY 09, 2018
CLOSED ON: FEBRUARY 14, 2018

PROPOSED LISTING: THURSDAY FEBRUARY 22,2018
The Equity Shares offered through the Prospectus are proposed to be listed on the NSE Emerge Platform ("NSE"). The Company has received an in-principle approval letter dated January 18. 2018 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Platform. 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 with effect from Thursday, February 22,2018*
* Subject to receipt of listing and trading approvals from me National Stock Exchange of India Limited.
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 1153 applications for 3790000 Equity Shares resulting in 2.60 times subscription {including reserved portion of Market Maker) The details of the applications received and banked in the Issue (before technical rejections) are as follows:
Details of the Applications Received and Banked (Before Technical Rejection):

Category No. of Applications % to Total No. of Equity Shares % to Total Subscription (Times)
Market Maker 1 0.09 76,000 2.01 1.00
Retail Individual Investors 1,141 98.96 22,82,000 60.21 3.30
Other than Retail Individual Investors 11 0.95 14.32,000 37.78 2.07
Total 1,153 100.00 37,90,000 100.00 2.60

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

Category No. of Applications No. of Equity Shares
Market Maker Nil Nil
Retail Individual Investors 21 42,000
Other than Retail Individual Investors Nil Nil
Total 21 42,000

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

Category Number of
Applications
% to
total
Issue Size
(as per
Prospectus)
Proportionate
Issue Size
(After Rounding Off]
No. of Valid
Shares applied
Subscription
(Times)
Market Maker 1 0.09 76,000 76,000 76,000 1.00
Reiail Individual Investors 1,120 98 94 6,92,000 0,46,000 22.40.000 2.65
Olherthan Retail Individual Investors 11 0.97 6,92,000 5,36,000 14,32,000 2.66
Total 1,132 1DD.DD 14,60,000 37,43,000 2.57

*As per Regulation 43(4) of SEBI (ICDR) Regulations, if retail individual investor category is entitled to more than fifty percent on proportionate oasis, the retail individual investor categoryshould be allocated that higher percentage.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on February 19, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 61/- 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 76,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price ot Rs. 61/-per Equity Share, was finalized in consultation with NSE. The category was subscribed by 2.65 times. The total number of shares allotted in this category is 846000 Equity Shares to 423 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 Shares
applied in each category
%
to
total
Proportionate
Shares
Available
Allocation per
Applicant
(Before
Rounding off)
Allocation per Applicant
(After
Rounding off)
Ratio of Allottees to
the Applicants
RATIO 1
Ratio of
Allottees to
the Applicants
RATIO 2
Number of Successful
applicants (after rounding off)
Total No.
of Shares
allocated /
allotted
No.of
Shares
Surplus/
Deficit
2,000 1,120 100 22,40,000 100 8,46,000 755.36 2000 423 1120 423 8,46,000 0.00
Total 1,120 100 22,40,000 100 8,46,000 423 8,46,000 0.00

C. Allocation to Other than Retail Individual investors (After Technical Rejections): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 61/- per Equity Share, was finalized in consultation with NSE. The category was subscribed 2.56 times. The total number of shares allotted in this category i s 538000 Equity Shares to 11 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
Shares applied in
each category
%
to
total
Proportionale
Shares
Available
Allocation
per Applicant
(Before
Rounding Off)
Allocation
per Applicant
(After
Rounding Off)
Ratio
Allottees
to the
Applicants
RATIO 1
Ratio of
Allottees
to the
Applicants
RATIO 2
Number of
Successful
applicant
(after rounding
off)
Total No.
of Shares
allocated/
allotted
No.of
Shares
Surplus/
Deficit
4,000 2 18.18 8,000 0.56 3,006 1,502.79 2,000 1 1 2 4,000 994
6,000 3 27.27 18,000 1.26 6,763 2,254.19 2,000 1 1 3 6.000 -763
38,000 1 9.09 38,000 2.65 14,277 14,276.54 14,000 1 1 1 14,000 -277
48.000 1 9 09 48,000 3 35 18,034 18,033.52 18,000 1 1 1 18.000 -34
2,00,000 1 9.09 2,00,000 13.97 75,140 75,139.66 76,000 1 1 1 76.000 860
2,04,000 1 9.09 2,04,000 14.25 76,642 76,642.46 76,000 1 1 1 76,000 -642
2,86,000 1 9.09 2,86,000 19.97 1,07,450 1,07,449.72 1,08,000 1 1 1 1,08,000 550
630000 1 9.09 6,30,000 43.99 2,36,688 2,36,689.94 2,36,000 1 1 1 2,36,000 -688
Total 11 100 14,32,000 100 5,38,000 11 5,38,000 0.00

The Board of Directors of the Company at its meeting held on February 19,2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successiul applicants.
The CAN and allotment advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories on or before February 22, 2018. Further, the instructions to Sell Certified Syndicate Banks for unblocking the amount are being processed on or prior to February 20,2018. In case the same is not received within four working days, investors may contact Registrar 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 NSE Emerge Platform within six working days from the dated 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 February 05, 2018 ("Prospectus').

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, BIGSHARE SERVICES PRIVATE LIMITED at www.bigshareonline.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 ot shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

BIGSHARE SERVICES PRIVATE LIMITED
1s Floor, BharatTin Works Building, 0pp. Vasant Oasis, Makwana Road,
Marol. Andheri East. Mumbai -400059
Tel: +01 22 62638200; Fax: +91 22 62633299
E-mail: ipo@bigsharaonline.com: Website: www.bigshareonline.com
Contact Person: Mr. Vipin Gupta: SEBI Registration No.: INR000001385

Date: February 19,2018

Place: Ahmedabad

For Arvee Laboratories (India) 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 ARVEE LABORATORIES (INDIA) LIMITED.

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