Basis of Allotment
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(This is only an advertisement for Information purposes and not a Prospectus announcement.)

MEGASTAR FOODS LIMITED

Corporate Identity Number of our company is U15311CH2011PLC033393

Our Company was originally incorporated on November 28, 2011 as "Megastar Foods Private Limited" vide Registration no. 2011-12/033393 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Punjab and Chandigarh, Further, our Company was converted into Public Limited Company and consequent/ name of company was changed from "Megastar Foods Private Limited" to "Megastar Foods Limited' vide Special resolution passed by the Shareholders at the Extra-Ordinary General Meeting bald on March 09,2018 and a fresh certificate of incorporation dated March 16,2018 issued by the Registrar of Companies, Chandigarh. For further details, plaase refer to chapter titled "History and Certain Corporate Matters' beginning on page 104 of the Prospectus.

Registered Office: Plot No. 807. Industrial Area, Phase-||, Chandigarh-160102. India; Tel No: +91-0172-5005024
Corporate Office: Kurali-Ropar Road, Village - Solkhian, Dist. Roopnagar-140108. Punjab, India: Tel No: +91-01881-240401,
E-Mail; info@megastarfoods.com. Website; www.megastarfoods.com

CONTACT PERSON; MS, NEHARIKA SODHI, (COMPANY SECRETARY & COMPLIANCE OFFICER):
Tel No.: +91-01881-240401; E-Mail: cs@megastarfoods.com
PROMOTERS OF OUR COMPANY: MR VIKAS GOEL AND MR. VIKAS GUPTA

BASIS OF ALLOTMENT

INITIAL PUBLIC ISSUE OF 26,80,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ("EQUITY SHARES") OF MEGASTAR FOODS LIMITED ("OUR COMPANY" OR "ISSUER") FOR CASH AT A PRICE OF RS 30.00 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS 20.00 PER EQUITY SHARE) ("ISSUE PRICE") AGGREGATING TO RS 804.00 LAKHS ("ISSUE") OF WHICH 1,36,000 EQUITY SHARES OF FACE VALUE OF RS 10,00 EACH FOR A CASH PRICE OF RS 30,00 PER EQUITY SHARE, AGGREGATING TO RS 40,80 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 25,44,000 EQUITY SHARES OF FACE VALUE OF RS 10,00 EACH AT AN ISSUE PRICE OF RS 30.00 PER EQUITY SHARE AGGREGATING TO RS 763.20 LAKHS (IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE"). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 27.06% AND 25.69%, 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 194 0F THE 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 "SEBI ICDR REGULATIONS"), AS AMENDED. THIS ISSUE IS A FIXED PRICE ISSUE AND ALLOCATION IN THE NET ISSUE TO THE PUBLIC IS 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' BEGINNIMG ON PAGE 203 OF THE PROSPECTUS.

THE FACE VALUE OF THE EQUITY SHARES IS RS 10,00 EACH AND THE ISSUE PRICE IS RS 30.00. THE ISSUE PRICE IS 3.00 TIMES OF THE FACE VALUE.

ISSUE OPENS ON: MONDAY, MAY 14, 2018 AND ISSUE CLOSED ON: WEDNESDAY, MAY 16, 2018
PROPOSED LISTING: MAY 24, 2018

The Equity Shares offered through the Prospectus are proposed to the listed on the SME Platform of BSE Limited ("BSE SME"). Our Company has received an approval letter dated May 04.2018 from BSE for using its name in the offer document for listing of our shares on the SME Platform of BSE Limited ('BSE SME"). For the purpose of this Issue, the Designated Stock Exchange will be the BSE Limited. The trading is proposed to be commenced on or about May 24,2018.*
*Subject to receipt of listing and trading approvals from BSE Limited.
All Applicants were allowed 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 509 applications for 39,20,000 Equity Shares resulting in 1.46 times subscription (including reserved portion of market maker). The details of the applications received in the issue (before technical rejections) are as follows:
Detail of the Applications Received (Before Technical Rejection):

CATEGORY NUMBEROF APPLICATIONS % NUMBEROF
EQUITY SHARES		 % SUBSCRIPTION
(TIMES)
Market Makers 01 0.20 1,36,000 3.47 1.00
Retail Individual Investors 470 92.34 18,80,000 47.96 1.48
Other than Retail Individual Investors 38 7.46 19,04,000 48.57 1.50
TOTAL 509 100.00 39,20,000 100.00 1.46

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 Makers Nil Nil
Retail Individual Investors 8 32,000
Other than Retail Individual Investors 3 2,44,000
Total 11 2,76,000

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

Category

 No. of
Applications		 % Reserved Portion
(as per Prospectus)		 No. of Valid
Shares applied		 *A of Total
Applied		 Subscription
(Times)

Market Maker

 1 100.00 1,36,000 1,36,000 100.00 1.00

Total

 1 100.00 1,36,000 1,36,000 100.00 1.00

 

Category No. of
Applications		 % Reserved
Portion (as per
Prospectus)		 Proportionate
Issue Size
(Spilled over)		 No. of
Valid Shares
applied		 % of
Total
Applied		 Subscription
(Times)
Retail individual investors 462 92.96 12,72,000 13,44,000 18,48,000 52.68 1.38
Other than Retail Individual Investors 35 7.04 12,72,000 12,00,000 16,60,000 47.32 1.38
Total 497 100.00 25,44,000 25,44,000 35,08,000 100.00

ALLOCATION: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- BSE Limiled on May 21,2018.
A. Allocation to Market Maker (After Technical Rejections & Withdrawal): The Basis of Allotment to the Market Maker, at the issue price of Rs 30 par Equity Share. was finalised in consultion with BSE Limited. The category was subscribed by 1.00 times The total number of shares allotted in this category is 1,36,000 Equity shares.
The category wise details of the Basis of Allotment are as under:

No. of
Shares
Applied
for
(Category wise)		 No. of
Appli
cations
Recei
ved		 %
to
Total		 Total No.of Equity Shares
applied
in this
Category		 %
to
Total		 Propor tionate
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 applicants
(after
rounding off)		 Total No.
of Equity
Shares
allocated/
allotted		 No. of Shanes Surplus /Deficit
1,36,000 1 100.00 1,36,000 100.00 1,36,000 1,36,000 1,36,000 1 1 1 1,36,000 -
TOTAL 1 100.00 1,36,000 100.00 1,36,000 1,36,000 1,36,000 1,36,000 -

B. Allocation to Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotrnent to the Retail Individual Investors, at the issue price of Rs 30 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.36 times i.e. for 18,48,000 Equity Shares. Total number of shares allotted in this category is 13,44,000 Equity Shares to 336 successful applicants.
The category wise details of the Basis of Allotment are as under;

No. of
Shares
Applied
for
(Category wise)		 No. of
Appli
cations
Recei
ved		 %
to
Total		 Total No.of Equity Shares
applied
in this
Category		 %
to
Total		 Propor tionate
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 applicants
(after
rounding off)		 Total No.
of Equity
Shares
allocated/
allotted		 No. of Shanes Surplus /Deficit
4000 462 100.00 18,48,000 100.00 13,44,000 2909,09 4000 8 11 336 13,44,000 0.00
TOTAL 462 100.00 18,48,000 100.00 13,44,000 336 13,44,000 0 00

C. Allocation to Other than Retail Individual Investors (After Technical Rejections & Withdrawal): The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 30 per Equity Share, was finalized in consultation with BSE Limited. The category was subscribed by 1.38 times i. e. for 16,60,000 shares the total number of shares allotted in this category is 12,00,000 Equity Shares to 35 successful a pplicants.
The category wise details of the Basis of Allotment are,as under;

No. of
Shares
Applied
for
(Category wise)		 No. of
Appli
cations
Recei
ved		 %
to
Total		 Total No.of Equity Shares
applied
in this
Category		 %
to
Total		 Propor tionate
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 applicants
(after
rounding off)		 Total No.
of Equity
Shares
allocated/
allotted		 No. of Shanes Surplus /Deficit
8000 10 28.57 80,000 4.82 57,831 5783.13 4,000 1 1 10 40,000 17631
8000 0 16,000 -16000
12000 1 2.86 12,000 0.72 8,675 8674.70 8,000 1 1 1 8,000 675
16000 3 8.57 48,000 2.89 34,699 11566.27 12,000 1 1 3 36,000 -1301
20000 3 8.57 60,000 3.61 43,373 14457.83 12,000 1 1 3 36,000 7373
20000 0 8,000 -8000
24000 1 2.86 24.000 1.45 17,349 17349.40 16,000 1 1 1 16,000 1349
28000 1 2.86 28,000 1.69 20,241 20240.96 20,000 1 1 1 20,000 241
32000 2 5.71 64,000 3.86 46,265 23132.53 24,000 1 1 2 48,000 -1735
40000 2 5.71 80,000 4.82 57,831 28915.56 28,000 1 1 2 56,000 1831
40000 0 4,000 -4000
44000 1 2.86 44,000 2.65 31.807 31807.23 32,000 1 1 1 32,000 -193
48000 1 2.86 48,000 2.89 34,699 34698.80 36,000 1 1 1 36,000 -1301
52000 1 2.86 52,000 3.13 37,590 37590.36 36,000 1 1 1 36,000 1590
68000 1 2.86 68,000 4.10 49,157 49156.63 48,000 1 1 1 48,000 1157
100000 1 2.86 100,000 6.02 72,289 72289.16 72,000 1 1 1 72,000 289
108000 1 2.86 108,000 6.51 78,072 78072.29 80,000 1 1 1 80,000 -1928
128000 1 2.86 128,000 7.71 92,530 92530.12 92,000 1 1 1 92,000 530
136000 4 11.43 544,000 32.77 393.253 96313.25 96,000 1 1 4 384,000 9253
136000 0 8,000 -8000
172000 1 2.86 172,000 10.36 124,337 124337.35 124,000 1 1 1 124,000 337
TOTAL 35 100.00 1660000 100.00 1200000 748915.66 756,000 35 1,200,000 0

The Board of Directors of the Company at its meeting held on May 19 2018 has approved the Basis of Allocation of Equity Shares as approved by the Desingnated Stock Exchange viz BSE Limited on May 21.2018. Further the Company in its meeting held on May 22.2018 has authorized the corporate action for issue of the Equity Shares to various successful applicants. The CAN-Cum-Refund advices and allomtment advice and/or notices will forwarded to the email id's and address of the Applicants as registered with the depositories/as filled in the application form on or before May 23,2018. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount will processed on or prior to May 23,2018. In case the same is not receved within 10 days, investors may contact at the address given below. The Equity Shares allocates 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 (BSE SME) 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 meanings asaigned to them in the Prospectus dated May 07,2018 ("Prospectus")

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar of the issue, Skyline Financial Services Private Limited at www.skylinerta.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:

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi-110020.
Tel No : +9111 26812682-83, Fax No .: +91 11 26812682
Email: virenr@skylinerta.com;
Investor Grievance Email: grievances@skylinerta.com,
Website: www.skylinerta.com
Contact Person: Mr. Virender Rana
SEBI Regn. No.: INR000003241

Place: Chandigarh

Data : May 22,2018

For  MEGASTAR FOODS LIMITED
On behalf of Board of Director
Sd/-
Mr. Vikas Goel
Chairman cum Managing Director
DIN.: 05122585

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 MEGASTAR FOODS LIMITED.