Basis of Allotment

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(This is only an advertisement for information purpose and not a prospectus announcement.)

BHATIA COMMUNICATIONS & RETAIL (INDIA) LIMITED
The Corporate Identification Number of our Company is U32109GJ2008PLC053336

Our Company was incorporated as "Bhatia Communications & Retail (India) Private Limited" under the provision of the Companies Act, 1956 vide certificate of incorporation dated March 25, 2008 issued by the Assistant Registrar of Companies, Gujarat, Dadra and Nagar Haveli. Consequent upon the conversion of our Company to public limited company, the name of our Company was changed 10 "Bhatia Communications & Retail (India) Limited" and fresh certificate of incorporation dated January 17. 2018 was issued by the Assistant ROC. Registrar of Companies, Ahmedabad.

Registered Office: 132, Dr. Ambedkar Shopping Centre, Ring Road, Surat, Gujarat -395 002.
Tel:
0261-2349892, Website: www.bhatiamobile.com; E-Mail: info@bhatiamobile.com
Contact Person: Mr. Avani Chaudhari (Company Secretary and Compliance Officer)

PROMOTERS OF THE COMPANY: MR. SANJEEV BHATIA, MR. NIKHIL BHATIA AND MR HARBANSLAL BHATIA

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 16,50,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF BHATIA COMMUNICATIONS & RETAIL (INDIA) LIMITED ("COMPANY" OR 'ISSUER") FOR CASH AT A PRICE OF RS. 150 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS, 140 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS, 2475.00 LAKHS ("ISSUE" ) CONSISTING OF A FRESH ISSUE OF 14,00,000 EQUITY SHARES OF FACE VALUE OF 10 EACH  ("EQUITY SHARES1") FOR CASH AT A PRICE OF RS- 150 PER EQUITY SHARE AGGREGATING TO RS. 2100,00 LAKHS ('ISSUE') AND 2,50,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") FOR CASH AT A PRICE OF RS. 150 PER EQUITY SHARE AGGREGATING TO RS 375.00 LAKHS THROUGH AN OFFER FOR SALE BY MR. SANJEEV BHATIA (REFERRED AS SELLING SHAREHOLDER) OF WHICH 84,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH FOR A CASH PRICE OF RS. 150 PER EQUITY SHARE. AGGREGATING TO RS. 12 6.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION1'). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION IE ISSUE OF 15.66,000 EQUITY SHARES OF FACE VALUE OF RS 10.00 EACH AT AN ISSUE PRICE OF RS, 150 PER EQUITY SHARE AGGREGATING TO RS, 2349,00 LAKHS (IS HEREINAFTER REFERRED TO AS THE "NET ISSUE"). THE
ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.37% AND 25. 03%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated February 2. 2018 and as per Regulation 43(4) of SEBI (ICDR) Regulations. 2009 wherein (a) minimum of 50 % of the Net Offer to Public shall be initially made available to Retail Individual Investors as the case may be (b) The balance net offer of shares to the public shall be made available for allotment to i) individual applicants other than retail investors; and ii) other investors including corporate bodies or institutions, irrespective of no. of shares applied for.
Explanation: for the purpose of Regulation 43(4) of SEBI (ICDR) Regulations, 2009, if the retail Individual Investor is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10 EACH AND THE ISSUE PRICE IS RS 150 EACH.
THE ISSUE PRICE IS 15 TIMES OF THE FACE VALUE.

ISSUE OPENS ON: FEBRUARY 8, 2018 (THURSDAY)
ISSUE CLOSES ON : FEBRUARY 12, 2018 (MONDAY)

The Equity Shares offered through this Prospectus are proposed to be listed on the BSE SME Platform of Bombay StocK Exchange Lirnited ("BSE"). In terms of the Chapter XB of the SEBI (ICDR) Regulations. 2009, as amended from time to time, our company has received an in principle approval letter dated February 2,2018 from BSE for using its name in this, offer documant for listing our shares on the SME Platform of BSE. For (be purpose of this Issue, the designated Stock Exchange will be the Bombay Stock Exchange Limited ("BSE").

SUBSCRIPTION DETAILS

Details of the application.
The Issue has received 655 (before rejections) applications for 18,65,000 Equity Shares (Including Market Maker Application of 84,000 Equity Shares) resulting 1.13 times subscription. The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the valid Applications Received (Before Technical Rejection of application):

Category Number of Applications Number of Equity Shares Subscription Ratio
Market Makers 1 84,000 1.00
Other than Retail Individual Investor's 117 12,44,000 1.17
Retail Individual Investor's 537 5,37,000 069
Total 655 18,65,000 1.13

Total 6 applications received in Retail Individual Investors Category (6.000 Equity Shares) & 2 Applications received in Other than Retail Individual Investor's (35.000 Equity Shares) were rejected on
technical grounds.
ALLOCATION; The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited ("SME platform of BSE") on February 16,2018.
A. Allocation to Market Maker : The Basis of Allotment to the Market Maker, at the issue pice of Rs, 150 I- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 84,000 Equity shares in full out of reserved portion or 84.000 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. 150 /- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 0.69 times. Total number of shares allotted in this category is 5,31,000:

No. of Shares
Applied for
(Category wise)
No. of
Applications
Received
%
to
Total
Total No, of
Equity Shares
applied
%
to
Total
Proportion
ate Shares
Available
Allocation
per Applicant
(before
Rounding Off)
No. of
Shares Surplus
(Deficit)
Allocation
per Applicani
(after
Rounding Off)
Ratio of Allo
ttees to the
Applicants
Total No. of
Equity Shares
allocated/ allotted
1000 531 100.00 5,31,000 100.00 7,83,000 1474.58 1000 1:1 5,31,000 -2,52,000
Total 531 100.00 5,31,000 100.00 7,83,000 1474.58 1000 1:1 5,31,000 -2,52,000

C- Allocation to Non Retai1 investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the issue price of Rs.150/- per Equity Share, was finalized in consultation with BSE. The under subscribed 2,52,000 shares from Retail Investors Category (upto Re. 2,00,000) have been spilled over to Non Retail Investors Category (above Rs- 2,00,000/-). The category was subscribed by 1.17 times. Total number of shares allotted in this category is 10,35,000:

No. of Shares
Applied for
(Category wise)
No. of
Applications
Received
%
to
Total
Total No, of
Equity Shares
applied
%
to
Total
Proporti on
ate Shares
Available
Allocation
per Applicant
(before
Rounding Off)
No. of
Shares Surplus
(Deficit)
Allocation
per Applicani
(after
Rounding Off)
Ratio of Allo
ttees to the
Appli Canls
Total No. of
Equity Shares
allocated/ allotted
3000 32 27.83 64000 5.29 54789 171216 1000 1:1 32000 22789
1000 22:32 22000 22000
3000 16 13.91 48000 3.97 41092 2568 24 2000 1:1 32000 -9092
1000 9:16 9000 9000
4000 9 7.83 36000 2.98 30819 3424 32 3000 1:1 27000 -3819
1000 4:9 4000 4000
5000 5 4.35 25000 2.07 21402 4280.40 4000 1:1 20000 -1402
1000 1:5 1000 1000
6000 1 0.87 6000 0.50 5136 5136.48 5000 1:1 5000 -136
7000 7 6.09 49000 4.05 41948 5992.56 6000 1:1 42000 52
8000 2 1.74 16000 1.32 13697 6848.64 7000 1:1 14000 303
9000 2 1.74 18000 1.49 15409 7704.71 8000 1:1 16000 590
10000 2 1.74 20000 1.65 17122 8560.79 8000 1:1 16000 -1122
1000 1:2 1000 1000
11000 2 1.74 22000 1.82 18834 9416.87 9000 1:1 18000 -834
12000 2 1.74 24000 1.99 20546 10272.95 10000 1:1 20000 -546
13000 3 2.61 39000 3.23 33387 11129.03 11000 1:1 33000 -387
14000 6 5.22 84000 6.95 71911 11985.11 12000 1:1 72000 89
15000 5 4.35 75000 6.20 64206 12841.19 13000 1:1 65000 794
16000 3 2.61 48000 3.97 41092 13697.27 13000 1:1 39000 2092
1000 2:3 2000 2000
17000 1 0.87 17000 1.41 14553 14553.35 15000 1:1 15000 446
18000 1 0.87 18000 1.49 15409 15409 43 15000 1:1 15000 -409
20000 2 1.74 40000 3.31 34243 17121.59 17000 1:1 34000 -243
24000 1 0 87 24000 1.99 20546 20545,91 21000 1:1 21000 454
27000 1 0.87 27000 2.23 23114 23114,14 23000 1:1 23000 -114
30000 1 0.87 30000 2.48 25682 25682,38 26000 1:1 26000 318
33000 3 2.61 99000 8.19 84752 28250.62 28000 1:1 84000 -752
34000 2 1.74 68000 5.62 58213 29106 70 29000 1:1 58000 -213
37000 1 0.87 37000 3.06 31675 31674.94 32000 1:1 32000 325
42000 1 0.87 42000 3.47 35955 35955.33 36000 1:1 36000 45
50000 2 1.74 100000 8.27 85608 42803.97 43000 1:1 86000 392
66000 1 0.87 66000 5.46 56501 56501 24 57000 1:1 57000 499
67000 1 0.87 67000 5.54 57357 57357.32 58000 1:1 58000 643
Total 115 100.00 12,09,000 100.00 10,35,000 10,35,000 0

The Board of Directors of the Company at its meeting held on February 16, 2018 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the allotment of the Equity Shares in dematerialised form to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before February 20, 2018. Further, the instructions to Self Certified Syndicate Banks being processed on or prior to February 20, 2018. 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 BSE Limited within six working days, from the date of the closure of the Issue. The trading is proposed to be commenced on or before February 21,2018 subject to receipt of listing and trading approvals from the BSE Limited ("SME Platform of BSE").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, Purva Sharegistry (India) Private Limited at www.purvashare.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. numberof shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

PURVA SHAREGISTRY (INDIA) PRIVATE LIMITED
Unit No 9, Shiv Shakti Ind Est. J.R. Boricha Marg.
Lower Parel (E). Mumbai-400011
Tel.: No: +91-022-23016761/8261, Fax No: +91 -022-2301 2517
SEBI Registration No; INR000001112
Email: busicomp@vsnl.com /busicomp@gmail.com
Website: www.purvashare.com
Contact Person: Mr. V.B. Shah / Ms. Purva Shah

For, BHATIA COMMUNICATIONS & RETAIL (INDIA) LIMITED
On behalf of the Board of Directors
Sd/-
Sanjeev Bhatia
Managing Director
DIN: 02063671

Place : Surat
Date : February 16, 2018

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 BHATIACOMMUNICATIONS &. RETAIL (INDIA) LIMITED.

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