Basis of Allotment

Basis Of Allotment

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

KSHITIJ POLYLINE LIMITED

Corporate Identification Number: U25209MH2008PLC180484

Our Company was originally incorporated on March 26. 2008 as "as Kshitij Polyline Private Limited" vide Registration no. 180484 (CIN: U25209MH2008PTC180484) under the provisions of the Companies Act, 1956 with the Registrar of Companies, Mumbai. Subsequently, our Company was converted into Public Limited Company and consequently name of company v/as changed from "Kshitij Polyline Private Limited" to "Kshitij Polyline Limited" vide resolution passed by the Shareholders at the Extra Ordinary General Meeting held on December 22, 2017 and a fresh certificate of incorporation dated January 19, 2018 issued by the Registrar of Companies. Mumbai. For details of the changes in our Name and Registered Office, please see section titled "History and Certain Corporate Matters" on page 124 of this Prospectus.

Registered Office: 8. Sona Udyog, Parsi Panchayat Road, Andheri East Mumbai - 400069, Maharashtra, India.
Tel. No.: 022-42234107 | E-mail: kshitij123@hotmail.com | Website: www.kshitijpolyline.co.in
Contact Person: Ms. Nikita Kanhiyalal Pediwal (Company Secretary & Compliance officer)

PROMOTERS : MR. BHARAT HEMRAJ GALA, MR. HEMRAJ BHIMSHI GALA AND MRS. RITA BHARAT GALA

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 25,00,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH OF KSHITIJ POLYLINE LIMITED ("OUR COMPANY" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 35 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 25 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO 875 LAKHS ("THE ISSUE"), OF WHICH 1,32,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR A CASH PRICE OF RS. 35 PER EQUITY SHARE, AGGREGATING TO RS. 46.2 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 23,68,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT AN ISSUE PRICE OF RS. 35 PER EQUITY SHARE AGGREGATING TO RS. 828.8 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 28.79% AND 27.27%, 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 224 OF THIS PROSPECTUS.

THIS ISSUE IS BEING MADE IN TERMS OF CHAPTER XB OF THE SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE OF CAPITAL AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2009 (THE "SEBIICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC WILL BE 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 233 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND
THE ISSUE PRICE IS RS. 35/- THE ISSUE PRICE IS 3.5 TIMES OF THE FACE VALUE.
ISSUE ISSUE OPENS ON: FRIDAY SEPTEMBER 21, 2018
ISSUE CLOSES ON: THURSDAY. SEPTEMBER 27, 2018
PROPOSED LISTING: October 08, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of NSE ("NSE EMERGE Platform"). In terms of the Chapter XB of the SEBI (ICDR) Regulations, 2009, as amended, we are required to obtain an in-principle listing approval for the shares being offered in this issue. However, our Company has received an in-principle approval letter dated August 02, 2018 from NSE for using its name in the offer document for listing of our shares on the SME Platform of NSE. For the purpose of this Issue, the Designated Stock Exchange will be the NSE. The Trading is proposed to be commenced from Monday, September 03, 2018, subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited.

All Applicants were allowed to participate 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 322 applications for 29,64,000 equity shares resulting in 1.185 times subscription (including reserved portion of Market maker).

The details of applications received in the issue (before technical rejections) are as follows:

Category No. of Applicants % to Total No. of Equity Shares % to Total Subscription (Times)
Market Maker 1 0.31 1,32,000 4.45 1.00
Retail Individual Investors 279 86.65 11,16,000 37.65 0.94
Other than retail individual Investors 42 13.04 17,16,000 57.90 1.45
Total 322 100.00 29,64,000 100.00 1.185

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
Retail Individual Investors 3 12,000
Other than retail individual Investors 1 12,000
TOTAL 4 24,000

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

Category

No. of applicants Issue Size No. of valid shares applied % of Total Applied Subscription (times)
Market Maker 1 1,32,000 1,32,000 4.49 1.00
Retail Individual Investors 276 11,84,000 11,04,000 37.55 0.93
Other than retail individual Investors 41 11,84,000 17,04,000 57.96 1.44
Total 318 25,00,000 29,40,000 100.00 1.18

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - National Stock Exchange of India Limited on October 03, 2018.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 35/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.00 time. The total number of shares allotted in this category is 1.32.000 Equity Shares.
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 Applicants: Ratio 2 Number of Successful applicant (after rounding off) Total No. of Shares allocated/ allotted No. of Shares Surplus/ Deficit
1,32,000 1 100 1,32,000 100 1,32,000 1,32,000 1,32,000 1 1 1 1,32,000 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. 35/- per Equity Share, was finalised in consultation with NSE. The category was subscribed by 0.93 times. The total number of shares allotted in this category is 11,04,000 Equity Shares to 276 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 Applicants: Ratio 1 Ratio of Allottees to Applicants: Ratio 2 Number of Successful applicant (after rounding off) Total No. of Shares allocated/ allotted No. of Shares Surplus/ Deficit
4000 276 100 11,04,000 100 11,84,000 4289.86 4000 1 1 276 11,04,000 -8000
     
C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Institutional Investors, at the issue price of Rs. 35/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 1.44 times. The total number of shares allotted in this category is 12.64.000 Equity Shares to 41 successful applicants.
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 Applicants: Ratio 1 Ratio of Allottees to Applicants: Ratio 2 Number of Successful applicant (after rounding off) Total No. of Shares allocated/ allotted No. of Shares Surplus/ Deficit
8000 19 46.34 152000 8.92 112751 5934.26 4000 1 1 19 76000 36751
              4000 9 19   36000 -36000
12000 7 17.07 84000 4.93 62310 8901.43 8000 1 1 7 56000 6310
              4000 2 7   8000 -8000
16000 1 2.44 16000 0.94 11869 11869 12000 1 1 1 12000 -131
20000 2 4.88 40000 2.35 29671 14835.50 16000 1 1 2 32000 -2329
28000 2 4.88 56000 3.29 41540 20770 20000 1 1 2 40000 1540
32000 1 2.44 32000 1.88 23737 23737 24000 1 1 1 24000 -263
40000 1 2.44 40000 2.35 29671 29671 32000 1 1 1 32000 -2329
72000 4 9.76 288000 16.90 213634 53408.50 52000 1 1 4 208000 5634
              4000 1 4   4000 -4000
140000 1 2.44 140000 8.22 103850 103850 104000 1 1 1 104000 -150
144000 2 4.88 288000 16.90 213634 106817 104000 1 1 2 208000 5634
              4000 1 2   4000 -4000
568000 1 2.44 568000 3333 421333 421333 420000 1 1 1 420000 1333
GRAND TOTAL 41 100 1704000 100 1264000 - - - - 41 1264000  

The Board of Directors of the Company at its meeting held on October 04, 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants.

The Refund/allotment intimation are being dispatched to the address of the Applicants as registered with the depositories on or before October 04, 2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount are being processed on or prior to October 04, 2018. 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 Platform 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 meaning assigned to them in the Prospectus dated September 07, 2018 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue. KARVY COMPUTERSHARE PRIVATE LIMITED at www.karisma.karvy.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:

KARVY COMPUTERSHARE PRIVATE LIMITED
Karvy Selenium Tower B. Plot 31-32. Gachibowli,
Financial District. Nanakramguda. Hyderabad 500 032 India.
Tel. No.:-91-40-67162222
Website: www.karisma.karvy.com | Email: einward.ris@karvy.com
For Kshitij Polyline Limited
On behalf of the Board of Directors
Sd/-
Place: Mumbai Bharat Hemraj Gala
Date: October 04, 2018 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 THE KSHITIJ POLYLINE LIMITED

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