Basis of Allotment
This is a public announcement for information purposes only and is not a prospectus announcement

This is a public announcement for information purposes only and is not a prospectus announcement. This does not constitute an invitation or offer to acquire, purchase or subscribe for securities.
Not for release, publication or distribution directly or indirectly outside India.

SARVESHWAR FOODS LIMITED

Our Company was originally incorporated as a private limited company, at Jammu and Kashmir, India under the Companies Act, 1956 in the name of Sarveshwar Overseas Private Limited vide Certificate of Incorporation dated August 3, 2004. Fresh Certificate of Incorporation dated April 13,2010 was issued to the Company pursuant to change of name of our Company to Sarveshwar Organic Foods Private Limited. Subsequently, fresh Certificate of Incorporation consequent upon change of name on conversion to Public Limited Company dated June 29, 2010 was issued by RoC, Jammu and Kashmir. Further, the name of our Company was changed to Sarveshwar Foods Limited pursuant to which, our Company has received a fresh Certificate of Incorporation dated June 29, 2015. For details of changes in name and registered offices of our Company, please refer to the section titled "History and Certain Corporate matters" beginning on page 115 of the Prospectus.

Registered Office: Sarveshwar House, Below Gummat, Jammu 180 001, Jammu and Kashmir, India.; Telephone: +91 191 2547391, +91 192 3220962; Contact Person: Ms. Prabhdeep Kour, Company Secretary & Compliance Officer; E-mail: investorrelations@sarveshwarrice.com; Website: www.sarveshwarrice.com; Corporate Identity Number: U15312JK2004PLC002444

PROMOTER OF THE COMPANY: MR. ROHIT GUPTA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF UPTO 64,67,200 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH ("EQUITY SHARES") OF SARVESHWAR FOODS LIMITED ("COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 85/-PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 75/- PER EQUITY SHARE) AGGREGATING UP TO RS 549.71 MILLION. THE ISSUE COMPRISES OF UPTO 3,24,800 EQUITY SHARES OF FACE VALUE RS 10/- EACH FOR CASH AT A PRICE OF RS 85/- PER EQUITY SHARE, AGGREGATING UP TO RS 27.61 MILLION WHICH WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF UPTO 61,42,400 EQUITY SHARES OF FACE VALUE OF RS 10/- EACH FOR CASH AT A PRICE OF RS 85/- PER EQUITY SHARE, AGGREGATING UP TO RS 522.10 MILLION IS HEREINAFTER REFERED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.32% AND 25% RESPECTIVELYOF THE POST ISSUE PAID-UP EQUITY SHARE CAPITAL OF THE COMPANY.

The Issue is being made in terms of Regulation 106(M)(2) of Chapter XB of SEBI (ICDR) Regulations, 2009, as amended from time to time. 50% of the shares offered in the Net Issue are reserved for applications whose value is below Rs 2,00,000 and the balance 50% of the shares are reserved for applications whose value is above Rs 2,00,000. Retail Individual Investors were required to participate in this Issue through the ASBA process by providing details of the ASBA Accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. QIBs and Non-Institutional Investors were mandatorily required to participate in the Issue through the ASBA process. For details, see "Issue Procedure" beginning on Page 216 of the Prospectus.

ISSUE PRICE : RS 85/- PER EQUITY SHARE
THE FACE VALUE OF EQUITY SHARES IS RS 10/- EACH AND ISSUE PRICE OF RS 85/- IS 8.5 TIMES OF THE FACE VALUE OF EQUITY SHARES
ISSUE OPENED ON: MONDAY, MARCH 05, 2018 | ISSUE CLOSED ON: WEDNESDAY, MARCH 07, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, Our Company has received an In-Principle approval letter dated January 25, 2018 fromNSE for using its name in the Prospectus for listing of our equity shares on the SME Platform of NSE. For the purpose of this Issue, the designated Stock Exchange will be National Stock Exchange of India Limited.

SUBSCRIPTION DETAILS

The Issue has received 3389 applications for 10, 224,000 Equity shares (Before Technical Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 3,24,800 Equity Shares. The issue was subscribed to the extent of 1.58 times as per the application data (before technical rejection, bids not banked and invalid duplicated bids). After considering the technical rejections cases, the issue was subscribed 1.41 times.
Details of Application Received (Before Technical Rejection but after bids not banked and invalid duplicate bids):

CATEGORY NUMBER OF
APPLICATIONS		 NUMBER OF
EQUITYSHARES		 SUBSCRIPTION Amount
(in Rs)
Market Makers 1 3,24,800 1.00 2,76,08,000.00
Non-Retail Investors 54 36,80,000 1.199 31,26,81,600.00
Retail Individual Investors 3,311 52,97,600 1.724 45,07,90,400.00
TOTAL 3,366 93,02,400 1.438 79,10,80,000,00

Details of the Applications Received (After Technical Rejections):

CATEGORY NUMBER OF
APPLICATIONS		 % TO
TOTAL		 ISSUE SIZE
(AS PER PROSPECTUS)		 NUMBER OF
EQUITY SHARES
APPLIED (VALID)		 AMOUNT
(in Rs)		 SUBSCRIPTION
(TIMES)
Market Makers 1 0.03 3,24,800 3,24,800 2,76,08,000.00 1.00
Non-Retail Investors 49 1.49 30,70,400 36,20,800 30,77,68,000.00 1.18
Retail Individual Investors 3,247 98.48 30,72,000 51,95,200 44,21,36,000.00 1.69
TOTAL 3,297 100.00 64,67,200 91,40,800 77,75,12,000.00 1.41

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - SME Platform of the National Stock Exchange of India Limited on March 12,2018

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs 85/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.00 times. The total numberof shares allotted in this category is 3,24,800 Equity shares in full out of reserved portion of 3,24,800 Equity Shares.

B. Allocation to Retail Individual Investors (AfterTechnical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 85/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.435 times. Total numberof shares allotted in this category is 36,20,800 Equity Shares. The category wise basis of allotment is as under:

Note: The equity shares available for allotment have been arrived in the equal proportion of the respective oversubscription ratio of Retail Individual and Non-Retail Individual Investors category. In view of the explanation provided under sub regulation (4)of regulation 43 of the SEBI (ICDR) regulation, 2009, if the retail individual investor category is entitled to more than 50% on proportionate basis, the Retail Individual investors shall be allocated that higher percentage. Accordingly in view of application in Retail category being 58.93% and in Non-Retail category being 41.07%, allotment size has been derived. Further, owing to rounding off, an additional lot has been proportioned to be allotted in retail investors.

No. of Shares
Applied for
(Category wise)		 No. of
Applications
received		 % to
total		 Total No. of
Equity
Shares
applied		 % to
total		 Proportionate
Shares
Available		 Allocation per
Applicant
(Before
Rounding Off)		 Allocation per
Applicant (After
Rounding Off)		 Ratio of
Allottees to
Applicants		 Total No.of
Equity Shares
allotted		 Surplus/
Deficit
1,600 3,247 100 51,95,200 100 36,20,800 1,115.12 1,600 23:33 36,20,800 0

C. Allocation to Non Retail Investors (AfterTechnical Rejection): The Basis of Allotment to other than Retail Individual Investors, at the issue price of Rs 85/- per Equity Share, was finalized in consultation with National Stock Exchange of India Limited. The category was subscribed by 1.436 times. Total number of shares allotted in this category is 25,21,600 Equity Shares. 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
Equity Shares
applied		 % to
total		 Proportionate
Shares
Available		 Allocation per
Applicant (Before
Rounding Off)		 Allocation per
Applicant (After
Rounding Off)		 Ratio of
Allottees to
Applicants		 Total No.of
Equity Shares
allotted		 Surplus/
Deficit
3,200 4 8.16 12,800 0.35 8,914 2,228.55 1,600 1:1 6,400 -2,514
3,200 1,600 1:4 1,600 1,600
4,800 7 14.29 33,600 0.93 23,400 3,342.82 3,200 1:1 22,400 -1,000
6,400 1 2.04 6,400 0.18 4,457 4,457.09 4,800 1:1 4,800 343
8,000 4 8.16 32,000 0.88 22,285 5,571.37 4,800 1:1 19,200 -3,085
8,000 1,600 1:2 3,200 3,200
11,200 18 36.73 2,01,600 5.57 1,40,398 7,799.91 6,400 1:1 1,15,200 -25,198
11,200 1,600 8:9 25,600 25,600
16,000 1 2.04 16,000 0.44 11,143 11,142.73 11,200 1:1 11,200 57
24,000 2 4.08 48,000 1.33 33,428 16,714.10 16,000 1:1 32,000 -1,428
24,000 1,600 1:2 1,600 1,600
28,800 1 2.04 28,800 0.80 20,057 20,056.92 20,800 1:1 20,800 743
30,400 1 2.04 30,400 0.84 21,171 21,171.19 20,800 1:1 20,800 -371
59,200 3 6.12 1,77,600 4.90 1,23,684 41,228.10 40,000 1:1 1,20,000 -3,684
59,200 1,600 2:3 3,200 3,200
70,400 1 2.04 70,400 1.94 49,028 49,028.02 49,600 1:1 49,600 572
2,64,000 1 2.04 2,64,000 7.29 1,83,855 1,83,855.06 1,84,000 1:1 1,84,000 145
3,48,800 1 2.04 3,48,800 9.63 2,42,912 2,42,911.53 2,43,200 1:1 2,43,200 288
5,87,200 3 6.12 17,61,600 48.65 12,26,815 4,08,938.22 4,08,000 1:1 12,24,000 -2,815
5,87,200 1,600 2:3 3,200 3,200
5,88,800 1 2.04 5,88,800 16.26 4,10,053 4,10,052.50 4,09,600 1:1 4,09,600 -453

The Board of Directors of the Company at its meeting held on March 13, 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 authorized corporate action for allotment of shares in dematerialized form to various successful applicants.

The CAN and allotment advice and/or notices shall be dispatched to the address of the Applicants as registered with the depositories / as filled in the application form, Further, the instructions to SCSBs shall be issued on March 13, 2018, for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Issue at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the SME Platform of the National Stock Exchange of India Limited within six working days from the date of the closure of the Issue. The trading is proposed to commence on or before March 15, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE

The details of the allotment made will be hosted on the website of the Registrar to the Issue at www.bigshareonline.com. All future correspondence in this regard may kindly be addressed to the Registrar quoting full name of the First/ Sole applicant, 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:

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai 400059, India.
Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299; Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com; Contact Person: Ashok Shetty;
Website: www.bigshareonline.com SEBI Registration Number:INR000001385

Place: Jammu
Date: March 13,2018		 For SARVESHWAR FOODS 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 SHARES ON LISTING OR THE BUSINESS PROSPECTS OF SARVESHWAR FOODS LIMITED.

Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus.
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