| Basis of Allotment |
| THIS IS A PUBLIC ANNOUNCEMENT FOR INFORMATION PURPOSES ONLY AND IS NOT A PROSPECTUS ANNOUNCEMENT AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO ACQUIRE, PURCHASE OR SUBSCRIBE TO SECURITIES. THIS PUBLIC ANNOUNCEMENT IS NOT INTENDED PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, OUTSIDE INDIA. |
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| AUTOFURNISH LIMITED |
| (Formerly known as Autofurnish Trading Limited and Autofurnish Trading Private Limited) |
| Corporate Identification Number: U51101DL2015PLC279742 |
Our Company was originally incorporated on May 05, 2015 as 'Autofurnish Trading Private Limited, as a private limited company under the Companies Act, 2013 bearing Corporate Identification Number U51101DL2015PTC279742 pursuant to Certificate of Incorporation issued by Registrar of Companies, Delhi. Thereafter, our Company was converted into a Public Limited Company in pursuance of a special resolution passed by the members of our Company at the Extra-Ordinary General Meeting held on May 23, 2024. A fresh Certificate of Incorporation consequent to conversion was issued on August 27, 2024 by the Registrar of Companies, ROC, CPC, Manesar Haryana and consequently the name of our Company was changed from "Autofurnish Trading Private Limited" to "Autofurnish Trading Limited" bearing Company's Corporate Identification Number U51101DL2015PLC279742. The name of our company was subsequently changed to "Autofurnish Limited" and fresh certificate of Incorporation issued by the Registrar of Companies, ROC, CPC, Manesar Haryana dated October 14, 2024. For more details of Incorporation and Registered Office of our Company, please refer to chapter titled 'Our Business' and 'Our History and Certain Other Corporate Matters' on page no. 145 and 195 of the Prospectus.
| Registered Office: K-55, Udyog Nagar, Peeragarhi, Nangloi, West Delhi, New Delhi-110041 |
| CIN: U51101DL2015PLC279742; Website: www.autofurnish.com; E-Mail: corporate@autofurnish.com, |
| Company Secretary and Compliance Officer: Ms. Srishti Narang; Telephone No: +91 8375818888 |
| OUR PROMOTERS: MR. PUNEET ARORA AND MR. RUPPAL WADHWA |
| "THE ISSUE IS BEING MADE IN ACCORDANCE WITH CHAPTER IX OF THE SEBI ICDR REGULATIONS AND THE EQUITY SHARES ARE PROPOSED TO BE LISTED ON SME PLATFORM OF BSE LIMITED (BSE SME)" |
| BASIS OF ALLOTMENT |
INITIAL PUBLIC OFFERING OF UP TO 35,61,000 EQUITY SHARES OF FACE VALUE RS. 10/- EACH ("EQUITY SHARES") OF AUTOFURNISH LIMITED ("THE "COMPANY") FOR CASH AT A PRICE OF RS. 41/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 31/- PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 1460.01 LAKHS ("THE ISSUE") OF WHICH UPTO 1,80,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 41/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 31/- PER EQUITY SHARE AGGREGATING TO RS. 73.80 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER TO THE ISSUE (THE "MARKET MAKER RESERVATION PORTION"). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION I.E. NET ISSUE OF 33,81,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT A PRICE OF RS. 41/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 31/- PER EQUITY SHARE AGGREGATING TO RS. 1386.21 LAKHS (THE "NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE UPTO 26.34% AND 25.02% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.
| THE FACE VALUE OF THE SHARE IS Rs. 10/- EACH AND THE ISSUE PRICE IS Rs. 41/- PER EQUITY SHARE | ||
| THE ISSUE PRICE IS 4.1 TIMES THE FACE VALUE | ||
| THE PRICE TO EARNING RATIO BASED ON DILUTED EPS FOR FISCAL YEAR 2025 AT THE OFFER PRICE IS 10.70 TIMES | ||
| BID/OFFER PERIOD | ISSUE OPENING DATE: THURSDAY, MAY 21, 2026 | ISSUE CLOSES ON: MONDAY, MAY 25, 2026 |
| RISK TO INVESTORS: | ||
1. Our manufacturing operations were temporarily discontinued in the past, which adversely affected our business, results of operations, financial condition, and cash flows, and similar disruptions in the future may have a material adverse effect.
2. We derive a significant part of our revenue from selected customers. If one or more of such customers choose not to source their requirements from us, our business, financial condition and results of operations may be adversely affected.
3. Our business is manpower intensive and any unavailability of our employees or shortage of labour or any strikes, work stoppages, increased wage demands by workmen or changes in regulations governing hiring of labour may have an adverse impact on our cash flows and results of operations.
4. We rely on affidavits provided by our promoter group and group companies regarding shareholding in other entities.
5. Our profitability has significantly increased in recent periods, and there is no assurance that we will be able to sustain such growth in the future.
6. There have been instances of delayed filings and erroneous filings of certain forms which were required to be filed as per the reporting requirements under the Companies Act, 2013 to ROC.
7. Our manufacturing operations were previously disrupted due to commercial disputes, which impacted our product-wise revenue mix and capacity utilization, and any recurrence of such issues may adversely affect our business.
8. We do not have documentary evidence for the acquisition of the business of M/s. Autofurnish, the proprietorship concern, into our Company, which may expose us to potential risks relating to historical performance, compliance, and liabilities.
9. Our Company has filed a compounding application in relation to Private Placement under Section 42 of the Companies Act, 2013.
10. Major proportion of our revenue from operations derives from the state of Delhi. Any adverse changes in the conditions affecting these regions can adversely affect our business, financial condition and results of operations.
For details refer to page of Chapter titled 'Risk Factors' beginning on page 18 of the Prospectus.
• Average cost of acquisition of Equity Shares held by the promoters is:
| Name | Promoter / Promoter Group | No. of Shares held | Avg. Cost of Acquisition*(in Rs.) |
| Puneet Arora | Promoter | 46,33,798 | 3.19 |
| Ruppal Wadhwa | Promoter | 46,33,832 | 3.19 |
• The offer price is Rs. 41.00/- per Equity Share
• The Price-Earnings ratio based on diluted EPS for Fiscal 2025 for the Company is 10.70/-.
• Weighted Average Return on Net Worth for Fiscals 2025,2024 and 2023 is 18%.
•
Weighted average cost of acquisition| Types of transactions | Weighted average cost of acquisition (Rs.) | Offer Price (i.e. Rs. 41.00) |
| Weighted average cost of acquisition of primary/new issue | 45.49 | 0.90 Times |
| Weighted average cost of acquisition for secondary sale / acquisition | Nil | - |
| PROPOSED LISTING: FRIDAY, MAY 29, 2026* | ||
The Issue was being made through the Fixed Issue Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ("SCRR'') read with Regulation 229 of the SEBI ICDR Regulations and in compliance with Regulation 253 of SEBI (ICDR) Regulations, wherein minimum 50.00% of the Net Issue was made available for allocation to individual Investor. Remaining to: i. Individual applicants other than individual investors; and other investors including corporate bodies or institutions, irrespective of the number of specified securities applied for, provided that the unsubscribed portion in either of the categories specified in clauses (a) or (b) may be allocated to applicants in the other category. For details, see "Issue Procedure" beginning on page 324 of the Prospectus. The investors are advised to refer to the prospectus for the full text of the Disclaimer clause pertaining to BSE. For the purpose of this Issue, the Designated Stock Exchange will be BSE Limited ("BSE"). The trading is proposed to commence on May 29, 2026*.
*Subject to the listing and trading approval from SME Platform of BSE.
| DETAILS OF APPLICATIONS |
The Net Issue has received 353 valid applications for 44,16,000 Equity Shares resulting in 1.24 times subscription. The details of the applications received in the Net Issue (After removing multiple and duplicate bids, bids (UPI Mandates) not accepted by investors/ blocked, bids rejected under application banked but bid not registered and valid rejections cases from the 'Bid Book') are as follows:
Detail of the Valid Applications Received
| Sr. No. | Category | No. of Applications | No. of Equity Shares Applied | Equity Shares available for Allotment | No. of times subscribed | Amount |
| 1 | Market Maker | 1 | 1,80,000 | 1,80,000 | 1.00 | 73,80,000 |
| 2 | Individual Investor | 327 | 19,62,000 | 16,92,000 | 1.16 | 6,93,72,000 |
| 3 | Nil | 25 | 22,74,000 | 16,89,000 | 1.35 | 6,92,49,000 |
| Total | 353 | 44,16,000 | 35,61,000 | 14,60,01,000 |
The Basis of allotment was finalized in consultation with the Designated Stock Exchange, being BSE Limited (SME Platform of BSE Limited) on May 27, 2026 and in view of the explanation provided under regulations 253 (2) of the SEBI (ICDR) Regulation, 2018,
1. Allotment to Individual Investors (After Rejection):
The Basis of Allotment to the Individual Investors, at the Issue Price of Rs. 41 per Equity Share, was finalised in consultation with BSE Limited. The total number of shares allocated in this category is 16,92,000 Equity Shares and after that the category was subscribed by 1.16 times. 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 | Proportionanate shares available | No of Equity shares Allocated per Applicant | Ratio of allottees to applicants | No. of successful applicants after rounding of | Total No. of Shares Allotted | ||
| Before | After | ||||||||||
| 6000 | 327 | 100 | 19,62,000 | 100 | 16,92,000 | 5174 | 6000 | 94 | 109 | 282 | 16,92,000 |
The Board of Directors of the Company at its meeting held on May 27, 2026, has taken on record the Basis of Allotment of Equity Shares, as approved by the Designated Stock Exchange viz. BSE Limited and has authorized the corporate action for the allotment of the Equity Shares to various successful applicants
2. Allotment to Non- Institutional Investors (After Rejection):
The Basis of Allotment to the Non - Individual Investors, at the Issue Price of Rs. 41 per Equity Share, was finalised in consultation with BSE Limited. The total number of shares allocated in this category is 1689000 Equity Shares and after that the category was subscribed by 1.35 times. The category-wise details of the Basis of Allotment are as under:
| S. NO | No. of Shares Applied for (Category Wise) | No. of Applications Received | % to Total | Total No. of Shares Applied in Each Category | % to Total | No of Equity shares Allocated per Applicant | Ratio of allottees to applicants | No. of successful applicants after rounding of | Total No. of Shares Allotted | ||
| Before | After | ||||||||||
| 1 | 9000 | 2 | 8 | 18000 | 0.79 | 9000 | 9000 | 1 | 1 | 2 | 18000 |
| 2 | 12000 | 6 | 24 | 72000 | 3.17 | 11143 | 9000 | 1 | 1 | 6 | 54000 |
| 12000 | 0 | 0 | 0 | 0 | 0 | 3000 | 4 | 6 | 0 | 12000 | |
| 3 | 18000 | 1 | 4 | 18000 | 0.79 | 15430 | 15000 | 1 | 1 | 1 | 15000 |
| 4 | 24000 | 2 | 8 | 48000 | 2.11 | 19717 | 21000 | 1 | 1 | 2 | 42000 |
| 5 | 48000 | 3 | 12 | 144000 | 6.33 | 36865 | 36000 | 1 | 1 | 3 | 108000 |
| 48000 | 0 | 0 | 0 | 0 | 0 | 3000 | 1 | 3 | 0 | 3000 | |
| 6 | 60000 | 1 | 4 | 60000 | 2.64 | 45439 | 45000 | 1 | 1 | 1 | 45000 |
| 7 | 75000 | 1 | 4 | 75000 | 3.30 | 56157 | 57000 | 1 | 1 | 1 | 57000 |
| 8 | 99000 | 1 | 4 | 99000 | 4.35 | 73305 | 72000 | 1 | 1 | 1 | 72000 |
| 9 | 120000 | 3 | 12 | 360000 | 15.83 | 88309 | 87000 | 1 | 1 | 3 | 261000 |
| 120000 | 0 | 0 | 0 | 0 | 0 | 3000 | 1 | 3 | 0 | 3000 | |
| 10 | 135000 | 1 | 4 | 135000 | 5.94 | 99026 | 99000 | 1 | 1 | 1 | 99000 |
| 11 | 147000 | 1 | 4 | 147000 | 6.46 | 107600 | 108000 | 1 | 1 | 1 | 108000 |
| 12 | 246000 | 1 | 4 | 246000 | 10.82 | 178335 | 177000 | I | 1 | I | 177000 |
| 13 | 366000 | 1 | 4 | 366000 | 16.09 | 264075 | 264000 | 1 | 1 | 1 | 264000 |
| 14 | 486000 | 1 | 4 | 486000 | 21.37 | 349814 | 351000 | 1 | 1 | 1 | 351000 |
| TOTAL | 25 | 100 | 2274000 | 100 | 1689000 | ||||||
3. Allotment to Market Maker:
The Basis of Allotment to the Market Maker, at the Issue Price of Rs. 41/- per Equity Share, was finalised in consultation with BSE Limited. The category was subscribed by 1.00 times. The total number of shares allotted in this category is 180000 Equity Shares. 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 | No of Equity shares Allocated per Applicant | Ratio of allottees to applicants | No. of successful applicants after rounding of | Total No. of Shares Allotted | ||
| Before | After | |||||||||
| 180000 | 1 | 100 | 180000 | 100 | 180000 | 180000 | 1 | 1 | 1 | 180000 |
The Board of Directors of our Company at its meeting held on Wednesday, May 27, 2026 has taken on record the basis of allotment of Equity Shares approved by the designated Stock Exchange, being BSE and has allotted the Equity Shares to various successful applicants. The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been dispatched / mailed for unblocking of funds and transfer to the Public Issue Account on or before May 27, 2026. In case the same is not received within four working days, Investors may contact the Registrar to the Issue at the address given below. The Equity Shares allotted to the successful allottees shall be uploaded on May 27, 2026 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is in the process of obtaining the listing and trading approval from BSE and the trading of the Equity Shares is expected to commence trading on Friday, May 29, 2026.
Note: All Capitalized terms used and not defined herein shall have respective meanings assigned to them in the prospectus dated May 14, 2026 filed with Registrar of Company (RoC).
| INVESTORS, PLEASE NOTE |
The details of the allotment made has been hosted on the website of the Registrar to the Issue, Skyline Financial Services Private Limited at website: www.skylinerta.com
TRACK RECORD OF THE LEAD MANAGER: The LM associated with the Issue has handled Twelve (12) Public Issues in the past three years out of which Four (4) issue was closed below the Issue/ Offer Price on listing date.
| Name of LM | Total Issue in last 3 years | Issue closed below IPO Price on listing date | |
| Mainboard | SME | ||
| Novus Capital Advisors Private Limited (Formerly known as Fast Track Finsec Private Limited) | 0 | 12 | 4 |
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole Bidder Serial number of the ASBA form, number of Equity Shares bid for. Bidder DP ID. Client ID, PAN, date of submission of the Bid cum Application Form, address of the Bidder, the name and address of the Designated Intermediary where the Bid cum Application Form was submitted by the Bidder and copy of the Acknowledgment Slip received from the Designated Intermediary and payment details at the address given below.
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| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED | |
| Address: - D-153 A, 1st Floor, Okhla Industrial Area, Phase -I, New Delhi-110020 | |
| SEBI Registration No: INR000003241 | |
| Contact Person: Mr. Anuj Rana | |
| Email: ipo@skylinerta.com | |
| Website: www.skylinerta.com | |
| Tel No: +91-11-40450193-97, 26812682, 011-26812682 | |
| CIN: U74899DL1995PTC071324 | |
| For & On Behalf of the Board of Directors | |
| Autofurnish Limited | |
| (Formerly known as Autofurnish Trading Limited) | |
| Sd/- | |
| Place: Delhi | Srishti Narang |
| Date: May 27, 2026 | Company Secretary and 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 PROSPECTUS OF AUTOFURNISH LIMITED
Disclaimer: Autofurnish Limited has filed the Prospectus with the ROC on May 14, 2026 and thereafter with SEBI and the Stock Exchange. The Prospectus is available on the website at the LM, Novus Capital Advisors Private Limited (Formerly known as Fast Track Finsec Private Limited) at www.novuscaps.com and the Company at www.autofurnish.com, and shall also be available on the website of the BSE and SEBI, 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 18 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 issued 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 issued 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 issues and sales are made. There will be no public Issuing in the United States.
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