Basis of Allotment

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 TO SECURITIES. THIS

PUBLIC ANNOUNCEMENT IS NOT INTENDED FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY OUTSIDE INDIA

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LLOYDS LUXURIES LIMITED
Corporate Identification Number: U74999MH2013PLC249449

Our Company was originally incorporated as a Private Limited Company under the name "Lloyds Luxuries Private Limited" on October 21, 2013 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai. Subsequently, pursuant to Special Resolution passed by the Shareholders at the Extra Ordinary General Meeting, held on December 14, 2013, our Company was converted into a Public Limited Company and consequently the name of our Company was changed from "Lloyds Luxuries Private Limited" to "Lloyds Luxuries Limited" vide a fresh certificate of incorporation dated January 29, 2014, issued by the Registrar of Companies, Maharashtra, Mumbai bearing CIN U74999MH2013PLC249449. For further details please refer to chapter titled "History and Corporate Structure" beginning on page 113 of this Prospectus.

Registered office: Trade World, ‘C' Wing, 16th Floor, Kamala City, SenapatiBapat Marg, Lower Parel (W), Mumbai - 400013, Maharashtra, India.
Corporate Office: B2, Unit No. 3, 2nd Floor, Madhu Estate, Pandurang Budhkar Marg, Lower Parel, Mumbai - 400013, Maharashtra, India.
Tel No: +91-022-68238888 | E-mail: cs@lloydsluxuries.in   | Website: www.lloydsluxuries.in   | Contact Person: Ms. Shubhada Mahendra Shirke, Company Secretary & Compliance Officer
PROMOTERS OF OUR COMPANY: MR. SHREE KRISHNA MUKESH GUPTA AND M/S PLUTUS TRADE & COMMODITIES LLP
BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 60,00,000 EQUITY SHARES OF FACE VALUE OF Rs 10/- EACH (THE "EQUITY SHARES") OF LLOYDS LURSURIES LIMITED ("OUR COMPANY" OR "THE ISSUER") AT AN ISSUE PRICE OF Rs 40 PER EQUITY SHARE FOR CASH, AGGREGATING UP TO RS 2400.00 LAKHS ("PUBLIC ISSUE") OUT OF WHICH 3,00,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH, AT AN ISSUE PRICE OF RS 40 PER EQUITY SHARE FOR CASH, AGGREGATING Rs 120.00 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE PUBLIC ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 57,00,000 EQUITY SHARES OF FACE VALUE OF Rs 10 EACH, AT AN ISSUE PRICE OF RS 40 PER EQUITY SHARE FOR CASH, AGGREGATING Rs 2280.00 LAKHS IS HERE IN AFTER REFERRED TO AS THE "NET ISSUE". THE PUBLIC ISSUE AND NET ISSUE WILL CONSTITUTE 26.67% AND 25.33% 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 NO 215 OF THIS PROSPECTUS.

ISSUE PRICE: Rs 40 PER EQUITY SHARE OF FACE VALUE OF Rs 10 EACH THE ISSUE PRICE IS 4.0 TIMES OF THE FACE VALUE

ISSUE PROGRAMME OPENED ON : WEDNESDAY, SEPTEMBER 28, 2022
CLOSED ON : FRIDAY, SEPTEMBER 30, 2022
PROPOSED LISTING: OCTOBER 11, 2022*

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of NSE ("NSE Emerge") in terms of the Chapter IRS of the SEBI (ICDR) Regulations, 2018, as amended from time to time. Our Company has received an In Principal approval letter dated September 20, 2022 from National Stock ERs change of India Limited ("NSE") for using its name in the Offer Document for listing of our shares on the NSE Emerge. It is to be distinctly understood that the permission given by NSE should not in any way be deemed or construed that the content of the Prospectus or the price at which the equity share are offered has been cleared, solicited or approved by NSE, nor does it certify the correctness, accuracy or completeness of any of the content of the Prospectus. The investors are advised to refer to the Prospectus for the full test of the Disclaimer clause pertaining to NSE. For the purpose of this Issue, the Designated Stock ERs change will be the NSE. The trading is proposed to be commenced on or about October 11, 2022*.

*Subject to We receipt of listing and trading approval from We NSE Emerge.

All Applicants were allowed to participate in the Issue either 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") or through UPI Mechanism

SUBSCRIPTION DETAILS

The issue has received 1,827 applications for 3,83,40,000 Equity shares resulting in 6.39 times subscription (including reserved portion of Market maker). The details of applications received in the issue (before technical rejections but after excluding bids not banked) are as follows:

Category No. of applicants % No. of Equity shares % Subscription (times)*
Market Maker 1 0.05 3,00,000 0.78 1.00
Retail Individual Investors 1721 94.20 51,63,000 13.47 1.81
Other than retail individual Investors 105 5.75 3,28,77,000 85.75 11.54
Total 1827 100.00 3,83,40,000 100.00 6.39

*Based on number of shares reserved as per prospectus

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

Category No. of applicants No. of Equity shares
Market Maker Nil Nil
Retail Individual Investors 34 1,02,000
Other than retail individual Investors 12 8,22,000
Total 46 9,24,000

After eliminating technically rejected applications, the following table gives us category wise net valid applications:

Category No. of applicants (valid shares) % No. of valid shares applied % of Total Applied Issue Allocation as per Prospectus (Category wise) Revised Issue Allocation (after spill over) Subscription (times) on basis of revised Issue Allocation
Market Maker 1 0.06 3,00,000 0.22 3,00,000 3,00,000 1.00
Retail Individual Investors 1,687 94.72 50,61,000 3.63 28,50,000 28,50,000 1.78
Other than retail individual Investors 93 5.22 3,20,55,000 22.98 28,50,000 28,50,000 11.25
TOTAL 1,781 100.00 13,95,04,000 100.00 60,00,000 60,00,000 23.25

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October 06, 2022.

A. Allocation to Market Maker (Alter Technical Rejections):The Basis of Allotment to the Market Maker, at the issue price of Rs 40/- 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 3,00,000 Equity Shares to 1 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 Applicant: Ratio 1 Ratio of Allottees to Applicant: Ratio 2 Number of successful applicant (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/Deficit
3,00,000 1 100 3,00,000 100 3,00,000 3,00,000 3,00,000 1 1 1 3,00,000 0
GRAND TOTAL 1 100 3,00,000 100 3,00,000 3,00,000 3,00,000 1 1 1 3,00,000 0

B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 40/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 1.78 times. The total number of shares allotted in this category is 28,50,000 Equity Shares to 950 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 OH Ratio of Allottees to Applicant: Ratio 1 Ratio of Allottees to Applicant: Ratio 2 Number of successful applicants (after rounding off) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/Deficit
3,000 1,687 100.00 50,61,000 100.00 28,50,000 1,689.39 3,000 223 396 950 28,50,000 -
GRAND TOTAL 1,687 100.00 50,61,000 100.00 28,50,000 1,689.39 3,000 223 396 950 28,50,000 -

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the other than retail individual Investors, at the issue price of Rs 40/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 11.25 times. The total number of shares allotted in this category is 28,50,000 Equity Shares to 78 successful applicants.

The Category-wise details of the Basis of Allotment are as under (on sample basis):

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 OH Allocation per Applicant After Rounding Off Ratio of Allottees to Applicant: Ratio 1 Number of successful applicants (after rounding oH) Total No. of Equity Shares allocated/ allotted No. of Shares Surplus/Deficit
6000 16 17.20 96000 0.30 8535 533.44 3000 3:16 3 9000 465
9000 1 1.08 9000 0.03 800 800 3000 0:0 0 0 -800
21000 1 1.08 21000 0.07 1867 1867 3000 1:1 1 3000 1133
27000 1 1.08 27000 0.08 2401 2401 3000 1:1 1 3000 599
30000 8 8.60 240000 0.75 21338 2667.25 3000 7:8 7 21000 -338
48000 1 1.08 48000 0.15 4268 4268 3000 1:1 1 3000 -1268
51000 2 2.15 102000 0.32 9069 4534.5 3000 1:1 2 6000 -3069
3000 Additional shares allocated for serial no 7 in the ratio of 1:2 3000 1:2 3000 3000
54000 1 1.08 54000 0.17 4801 4801 6000 1:1 1 6000 1199
60000 2 2.15 120000 0.37 10669 5334.5 3000 1:1 2 6000 -4669
3000 Additional shares allocated for serial no 9 in the ratio of 1:2 3000 1:2 3000 3000
270000 1 1.08 270000 0.84 24006 24006 24000 1:1 1 24000 -6
273000 1 1.08 273000 0.85 24272 24272 24000 1:1 1 24000 -272
300000 1 1.08 300000 0.94 26673 26673 27000 1:1 1 27000 327
303000 1 1.08 303000 0.95 26940 26940 27000 1:1 1 27000 60
375000 2 2.15 750000 2.34 66682 33341 33000 1:1 2 66000 -682
525000 2 2.15 1050000 3.28 93355 46677.5 45000 1:1 2 90000 -3355
3000 Additional shares allocated for serial no 34 in the ratio of 1:2 3000 1:2 3000 3000
864000 1 1.08 864000 2.70 76818 76818 78000 1:1 1 78000 1182
885000 1 1.08 885000 2.76 78685 78685 78000 1:1 1 78000 -685
900000 1 1.08 900000 2.81 80019 80019 81000 1:1 1 81000 981
975000 1 1.08 975000 3.04 86687 86687 87000 1:1 1 87000 313
1251000 1 1.08 1251000 3.90 111226 111226 111000 1:1 1 111000 -226
1260000 5 5.38 6300000 19.65 560131 112026.2 111000 1:1 5 555000 -5131
3000 Additional shares allocated for serial no 40 in the ratio of 2:5 3000 2:5 6000 6000
2505000 1 1.08 2505000 7.81 222719 222719 222000 1:1 1 222000 -719
2520000 1 1.08 2520000 7.86 224052 224052 225000 1:1 1 225000 948
2850000 2 2.15 5700000 17.78 506785 253392.5 252000 1:1 2 504000 -2785
3000 Additional shares allocated for serial no 40 in the ratio of 1:2 3000 1:2 3000 3000
TOTAL 93 100.00 32055000 100.00 2850000 78 2850000 0

The Board of Directors of the Company at its meeting held on October 06, 2022 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for allotment of the Equity Shares to various successful applicants.

The Refund/allotment intimation will be dispatched to the address of the Applicants as registered with the depositories on or about October 07, 2022. Further, the instructions to Self Certified Syndicate Banks for unblocking the funds have been shared on October 07, 2022. In case the same is not received within ten 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 within sixs 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 September 21, 2022.

In terms of Prospectus dated September 21, 2022 and as per Regulation 253 of SEBI (ICDR) Regulations, 2018 wherein a minimum of 50% of the Net Issue of shares to Public shall initially be made available for allotment to a) Retail Individual Investors as the case may be. The balance net offer of shares to the public shall be made available for allotment to b) individual applicants other than retail investors and other investors including corporate bodies / institutions irrespective of number of shares applied for. The unsubscribed portion of the net issue to any one of the categories specified in (a) or (b) shall/may be made available for allocation in any other category, if so required. Explanation: Chapter IRS, part VIII (253) of SEBI (ICDR) Regulation, 2018. 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.

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 of shares applied for and Bank Branch where the application had been lodged and payment details at the address of the Registrar given below:

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BIGSHARE SERVICES PRIVATE LIMITED
S6-2,6th Floor, Pinnacle Business Park, Next to Ahura Centre,
Mahakali Caves Road, Andheri (East) Mumbai - 400093, India
Tel No.: +91 22 6263 8200 | Fax No.: +91 22 6263 8299
Email: ipo@bigshareonline.com   | Investor Grievance Email: investor@bigshareonline.com
Website: www.bigshareonline.com  | Contact Person: Mr. Aniket Chindarkar
SEBI Regn. No.: MB/INR000001385

 

For and on behalf of the Board of Directors
Lloyds Luxuries Limited
Place: Mumbai, Maharashtra Sd/-
Date: October 07, 2022 Ms. Shubhada Mahendra Shirke Company Secretary & Compliance Officer

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 LLOYDS LUXSURIES LIMITED.

Disclaimer: LLOYDS LUXURIES LIMITED has filed the Prospectus with the RoC on September 21, 2022 and thereafter with SEBI and the Stock Exchanges. The Prospectus is available on the website of the LM, Hem Securities Limited at www.hemsecurities.com . Investors should note that investment in Equity Shares involves a high degree of risk and for details relating to the same, please see "Risk Factors" beginning on page 23 of the Prospectus.

The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or any state securities laws in the United States, and unless so registered, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in accordance with any applicable U.S. state securities laws. The Equity Shares are being offered and sold outside the United States in ‘offshore transactions' in reliance on Regulation under the Securities Act and the applicable laws of each jurisdiction where such offers and sales are made. There will be no public offering in the United States.

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