Basis of Allotment

[See regulations 264(2) and 250(3)]
(This is only an advertisement for Information purposes and is not a prospectus announcement.)
HUMMING BIRD EDUCATION LIMITED
(CIN- U80221DL2010PLC207436)

The Company was originally incorporated at Delhi as "Humming Bird Education Private Limited" on 23rd August, 2010 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, NCT of Delhi and Haryana. Consequent upon the conversion of Company to public limited company, the name of the Company was changed to "Humming Bird Education Limited" vide fresh certificate of incorporation dated 10th October, 2018 issued by the Registrar of Companies, NCT of Delhi and Haryana. The Corporate Identification Number of our Company is U80221DL2010PLC207436. For further details of incorporation, change of name and registered office of our Company, please refer to section titled "General Information" and "Our History and Corporate Structure" beginning on pages 45 and page 105 respectively of this Prospectus.

Registered Office: 1374 - 1375,2nd Floor, Katra Lehswan, Chandni Chowk, Delhi - 110006;
Corporate Office: A 95/3, Second Floor, Wazirpur Industrial Area. Delhi - 110052
Tel. No.: +91 -011 - 47096144; Email: info@hummingbirdeducation.com Website: www.hummingbirdeducation.com
COMPANY SECRETARY & COMPLIANCE OFFICER: MR MAYANK PRATAP SINGH
PROMOTERS OF OUR COMPANY: MR. NITESH JAIN AND MR. NARENDER KUMAR JAIN
BASIS OF ALLOTMENT

PUBLIC ISSUE OF UPT0 1,63,000 EQUITY SHARES OF A FACE VALUE OF RS. 10.00 EACH (THE "EQUITY SHARES") OF HUMMING BIRD EDUCATION LIMITED ("OUR COMPANY" OR "HBEL" OR "THE ISSUER") FOR CASH AT A PRICE OF RS. 132.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 122.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS. 215.16 LACS ("THE ISSUE") OF WHICH UPTO 9,000 EQUITY SHARES AT AN ISSUE PRICE OF RS. 132.00 PER EQUITY SHARE AGGREGATING TO RS. 11 .88 LACS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER ("MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. ISSUE OF UPTO 1,54,000 EQUITY SHARES OF FACE VALUE OF RS. 10.00 EACH AT AN ISSUE PRICE OF RS. 132.00 PER EQUITY SHARE AGGREGATING TO RS. 203.28 LACS IS HEREINAFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.59% and 25.12%, RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

In terms of Prospectus dated 1ST March, 2019 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 IX, 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.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10 EACH AND THE ISSUE PRICE OF RS. 132/- I.E. 13.20 TIMES OF THE FACE VALUE OF THE EQUITY SHARES.
ISSUE OPENED ON FRIDAY, 15TH MARCH, 2019 AND CLOSED ON TUESDAY, 19TH MARCH, 2019

The Equity Shares offered through the Prospectus are proposed to be listed on the SME platform of BSE Limited ("BSE") in terms of the chapter IX of the SEBI (ICDR) Regulations, 2018 as amended from time to time, Company has received an approval letter dated 19th February 2019, from BSE for using its name in the offer document for listing of our Shares on the SME platform of BSE. The designated stock exchange is BSE Limited.

All Applicants are mandatorily to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ("ASBA") process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the "SCSBs").

SUBSCRIPTION DETAILS

The Issue has received 90 applications for 2,15,000 Equity Shares (Including Market Maker Application of 9,000 Equity Shares) resulting 1.34 times subscription. 1 (One) application of aggregating 1,000 Equity Shares was rejected hence 89 applications for 2,14,000 Equity Shares (Including Market Maker Application of 9,000 Equity Shares) resulting 1.31 times subscription was considered. The details of the applications received in the Issue (before technical rejections) are as follows:

Detail of the Applications Received (Before Technical Rejection & withdrawal of application):

Category

Number of applications Number of equity Shares Subscription
Market Makers 1 9000 1
Other than Retail Individual Investor's 21 138000 1.586
Retail Individual Investor's 68 68000 .88
TOTAL 90 215000 3.466

Details of Applications rejected by the Registrar on technical grounds (including withdrawals) are detailed below:

Category Number Of Applications Number of equity Shares
Market Makers NIL NIL
Other than Retail Individual Investor's NIL NIL
Retail Individual Investor's 1 1000
TOTAL 1 1000

Details of the Valid Applications Received (After Technical Rejection & withdrawal):

Category Number of applications Number of equity Shares Subscription
Market Makers 1 9000 1
Other than Retail Individual Investor's 21 138000 1.586
Retail Individual Investor's 67 67000 .87
TOTAL 89 214000 3.456

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - BSE Limited on 25th March, 2019.

A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the Issue price of Rs. 132/- per Equity Share, was finalised in consultation with BSE. The category was subscribed by 1 time. The total number of shares allotted in this category is 9,000 Equity shares in full out of reserved portion of 9,000 Equity Shares.

No. of Shares Applied for (Category wise) No. Of Applications % 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 the Applicants

Number of successful applicants (after rounding off) % of Total Total No. of Equity Shares Allotted % of Total Surplus / (Deficit)
9000 1 100 9000 100 9000 9000 9000 1 1 1 100 9000 100 0
TOTAL 1 100 9000 100 9000         1 100 9000 100 0

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Retail Individual Investors, at the Issue price of Rs. 132/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by .87 time. Total number of shares allotted in this category is 67,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. of Applications % 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 the Applicants

Number of successful applicants (after rounding off) % of Total Total No. of Equity Shares Allotted % of Total Surplus / (Deficit)
1000 67 100 67000 100 77000 1000 1000 1 1 67 100 67000 100 -10000
TOTAL 67 100 67000 100 77000         67 100 67000 100 -10000

C. Allocation to Non Retail Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs. 132/- per Equity Share, was finalized in consultation with BSE. The category was subscribed by 1.586 times. Total number of shares allotted in this category is 87,000 Equity Shares. The category wise basis of allotment is as under:

No. of Shares Applied for (Category wise) No. Of Applications % 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 the Applicants

Number of successful applicants (after rounding off) % of Total Total No. of Equity Shares Allotted % of Total Surplus / (Deticit)
2000 4 19.05 80000 5.80 5043 1260.75 1000 1 1 4 19.05 4000 4.60 -1043
    0.00   0.00     1000 1 4     1000 1.15 1000
3000 4 19.05 12000 8.70 7565 1891.25 2000 1 1 4 19.05 8000 9.20 435
4000 3 14.29 12000 8.70 7565 2521.67 2000 1 1 3 14.29 6000 6.90 -1565
    0.00   0.00     1000 2 3   0.00 2000 2.30 2000
5000 2 9.52 10000 7.25 6304 3152 3000 1 1 2 9.52 6000 6.90 -304
7000 1 4.76 7000 5.07 4413 4413 4000 1 1 1 4.76 4000 4.60 -413
8000 2 9.52 16000 11.59 10087 5043.5 5000 1 1 2 9.52 10000 11.49 -87
10000 1 4.76 10000 7.25 6304 6304 6000 1 1 1 4.76 6000 6.90 -304
12000 2 9.52 24000 17.39 15130 7565 7000 1 1 2 9.52 14000 16.09 -1130
    0.00   0.00     1000 1 2   0.00 1000 1.15 1000
15000 1 4.76 15000 10.87 9457 9457 10000 1 1 1 4.76 10000 11.49 543
24000 1 4.76 24000 17.39 15132 15130 15000 1 1 1 4.76 15000 17.24 -132
TOTAL 21 100 138000 100 87000         21 100 87000 100 0

The Board of Directors of the Company at its meeting held on 25th March, 2019 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. BSE and has authorized the corporate action for the transfer of the Equity Shares/ dispatch of share certificates to various successful applicants.

The allotment advice and/or rejection letters are being dispatched to the address of the Applicants as registered with the depositories / as filled in the application form on or before 28th March, 2019. Further the instructions to Self Certified Syndicate Banks being processed on or prior to 28th March, 2019. 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 28th March, 2019 Subject to receipt of listing and trading approvals from BSE Limited.

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 ASBA Bank 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, Maharashtra, India.
Tel.No: +91-022-62638289 Fax.No.: +91-022-62638299 E-mail: ipo@bigshareonline.com Website: www.bigshareonline.com
SEBI Registration No. INR000001385 Contact Person: Mr. Babu Rapheal
For Humming Bird Education Limited
Sd/-
Mr. Nitesh Jain
Place: Delhi Managing Director
Date: 25.03.2019 DIN: 03150675

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 HUMMING BIRD EDUCATION 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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