Basis of Allotment

wpe386.jpg (2587 bytes) (THIS IS ONLY AN ADVERTISEMENT FOR INFORMATION PURPOSES AND NOT A PROSPECTUS ANNOUNCEMENT)
A B INFRABUILD LIMITED
Corporate Identification Number CIN: U45202MH2011PLC214834

Our Company was incorporated as 'AB Infrabuild Private Limited' at Mumbai on March 16, 2011, under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated March 16, 2011 issued by the Registrar of Companies. Mumbai. Subsequently, the name of our company was changed to 'A B Infrabuild Limited' on June 20, 2018 and a fresh Certificate of Incorporation consequent upon change of name was issued by the Registrar of Companies, Mumbai.

Registered Office: 104, Shubhangan CHS Ltd. Jawahar Nagar, Near Railway Crossing, Goregaon (West), Mumbai-400 062
Tel No.: +91 22 2871 2113/14 | E-Mail ID: cs@abinfrabuild.com | Website: www.abinfrabuild.com
Contact Person: Mr. Mohit Soni. Company Secretary and Compliance Officer
PROMOTER OF THE COMPANY: MR. AMIT BHOLANATH MISHRA
BASIS OF ALLOTMENT

PUBLIC ISSUE OF 44.28.000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH OF A B INFRABUILD LIMITED ("ABINFRA" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 29 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF l 19 PER EQUITY SHARE (THE "ISSUE PRICE") AGGREGATING TO RS. 1284.12 LAKHS ("THE ISSUE"), OF WHICH 2,24,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 29 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 19 PER EQUITY SHARE AGGREGATING TO RS. 64.96 LAKHS 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 42,04,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH AT A PRICE OF T 29 PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF RS. 19 PER EQUITY SHARE AGGREGATING TO RS. 1219.16 LAKHS IS HEREIN AFTER REFERRED TO AS THE "NET ISSUE". THE ISSUE AND THE NET ISSUE CONSTITUTED 34.95% AND 33.18% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

FIXED PRICE ISSUE AT RS. 29 PER EQUITY SHARE
THE ISSUE PRICE OF RS. 29 is 2.9 TIMES OF THE FACE VALUE
MINIMUM APPLICATION SIZE OF 4,000 EQUITY SHARES AND IN MULTIPLES OF 4,000 EQUITY SHARES THEREAFTER
ISSUE OPENED ON FRIDAY, JUNE 28, 2019
PROGRAMME CLOSED ON WEDNESDAY, JULY 03, 2019

PROSPECTUS LISTED: FRIDAY, JULY 12, 2019*

The Equity Shares offered through the Prospectus are proposed to be listed on the SME Platform of National Stock Exchange of India Limited ("NSE EMERGE") in terms of the Chapter IX of the SEBI (ICDR) Regulations, as amended from time to time. Our Company has received an approval letter dated September 06, 2018 from National Stock Exchange of India Limited ("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, "NSE" is the Designated Stock Exchange. The trading is proposed to be commenced on or about Friday, July 12, 2019*.

*Subject to the receipt of listing and trading approval 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 where blocked by Self Certified Syndicate Banks (the "SCSBs"). Further, pursuant to SEBI Circular No. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 01, 2018, Retail Individual Investors applying in public issue were required to use either Application Supported by Blocked Amount (ASBA) facility for making application or also can use UPI (Unified Payment Interface) as a payment mechanism with Application Supported by Blocked Amount for making application. For details in this regards, specific attention are invited to the chapter titled "Issue Procedure" beginning on page 175 of the Prospectus.

SUBSCRIPTION DETAILS

The Issue has received 405 applications (after removing applications not banked) for 3284000 Equity Shares resulting in 0.742 time 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 No. of Applications % No. of Equity Shares % Subscription
Market Maker 1 0.25 224000 6.82 1.000
Retail Individual Investors 378 93.33 1512000 46.04 0.719
Non Retail Investors 26 6.42 1548000 47.14 0.737
Total 405 100.00 3284000 100.00  

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

Technical rejection / Withdrawal

Category No. ot Applications No. of Equity Shares
Market Maker - -
Retail Individual Investors 6 24000
Non Retail Investors - -
TOTAL 6 24000

After eliminating Technically Rejected applications, the following table gives the details of Category wise net valid applications:

Category No. of Applications % No. of Equity Shares (Valid) % Subscription Proportionate No. of Equity Shares (Allocated) After Rounding off*
Market Maker 1 0.25 224000 6.87 1.000 224000
Retail Individual Investors 372 93.23 1488000 45.64 0.707 1488000
Non Retail Investors 26 6.52 1548000 47.49 0.569 1548000
Total 399 100.00 3260000 100.00   3260000

*The under subscribed portion of 6,16,000 Equity shares from Retail Investors Category have been spitted over to Non Retail Investors Category.

Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange - NSE on July 09, 2019.

A. Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker, at the issue price of Rs. 29 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 2,24,000 Equity Shares.
B. Allocation to Retail Individual Investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs. 29 per Equity Share, was finalized in consultation with NSE. The total number of shares allotted in this category is 14,88,000 Equity Shares to 372 successful applicants.

The Category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (Cafegory wise) No. of Applications Receives % to total Total No. of Shares Applied in each category % of total Proportionate Shares Available Allocation Per Applicant Before Rounding Off Allocation Per Applicant After Rounding Off Ratio of Allottees to Applicants Total No. of Shares Allotted Surplus/ Deficit
4000 372 100.00 1488000 100.00 2104000 4000 4000 1:1 1488000 -616000

C. Allocation to Other than Retail Individual Investors (After Technical Rejections):

The Basis of Allotment to the Non Retail Investors, at the issue price of Rs. 29 per Equity Share, was finalized in consultation with NSE. The category was subscribed 0.737 time. The total number of shares allotted in this category is 15,48,000 Equity Shares.

The Category-wise details of the Basis of Allotment are as under:

No. of Shares applied for (Category wise) No. of Applications Receives % to total Total No. of Shares Applied in each category % of total Proportionate Shares Available Allocation Per Applicant Before Rounding Off Allocation Per Applicant After Rounding Off Ratio of Allottees to Applicants Total No. of Shares Allotted Surplus/Deficit
8000 1 3.85 8000 0.52 10853 10853 12000 1:1 8000 -2853
12000 1 3.85 12000 0.78 16279 16279 16000 1:1 12000 -4279
16000 6 23.08 96000 6.20 130233 21705 20000 1:1 96000 -34233
20000 5 19.23 100000 6.46 135659 27132 28000 1:1 100000 -35659
28000 2 7.69 56000 3.62 75969 37984 36000 1:1 56000 -19969
80000 1 3.85 80000 5.17 108527 108527 108000 1:1 80000 -28527
88000 1 3.85 88000 5.68 119380 119380 120000 1:1 88000 -31380
100000 4 15.38 400000 25.84 542636 135659 136000 1:1 400000 -142636
108000 1 3.85 108000 6.98 146512 146512 148000 1:1 108000 -38512
120000 1 3.85 120000 7.75 162791 162791 164000 1:1 120000 -42791
136000 1 3.85 136000 8.79 184496 184496 184000 1:1 136000 -48496
172000 2 7.69 344000 22.22 466667 233333 232000 1:1 344000 -122667
  
D. Allocation to Lead Manager/Underwriter's Obligation (After Technical Rejections & Withdrawal): Unsubscribed portion of 11,68,000 Equity Shares under Retail & Non-Retail Category was brought in as the Merchant Banker Underwriter's obligation at the price of Rs. 29 per Equity Share. Lead Manager & Underwriter. Mark Corporate Advisors Private Limited had fulfilled their underwriting obligation of 100.00% of the Issue Size on their own account and have accordingly subscribed for 11,68,000 Equity Shares. The Basis of Allotment for Lead Manager/Underwriter's Category at the issue price of Rs. 29 per Equity Share, was finalized in consultation with NSE and 11,68,000 Equity Shares were allotted to Mark Corporate Advisors Private Limited.

The Category-wise details of the Basis of Allotment are as under:

No. of Applications Receives % to total Total No. of Shares Applied in each category % of total Proportionate Shares Available Allocation Per Applicant Before Roundinq Off Allocation Per Applicant After Roundinq Off Ratio of Allottees to Applicants Total No. of Shares Allotted Surplus/ Deficit
1 100.00 1168000 100.00 1168000 1168000 1168000 1:1 1168000 0

The Board of Directors of the Company at its meeting held on July 09, 2019 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 the transfer of the Equity Shares to various successful applicants.

The Refund/allotment intimation is being dispatched to the address of the Applicants as registered with the depositories on or about July 10, 2019. Further, the instructions to Self Certified Syndicate Banks for unblocking the amount is being processed on or prior to July 11, 2019. 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 SME Platform of "NSE EMERGE".

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated June 18, 2019 ("Prospectus").

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:

wpe387.jpg (1192 bytes) BIGSHARE SERVICES PRIVATE LIMITED
1st floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai - 400 059, Maharashtra, India
Tel: +91 22 2847 0652/4043 0200 | Fax: +91 22 6263 8299 | E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com | Contact Person: Mr. Ashok S. Shetty | SEBI Registration No.: INR000001385
For A B Infrabuild Limited
On behalf of the Board of Directors
Sd/-
Place: Mumbai Amit Bholanath Mishra
Date: July 10, 2019 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 A B INFRABUILD LIMITED