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. Not for Release, Publication or Distribution Directly or Indirectly Outside India)

E2E NETWORKS LIMITED

Our Company was originally incorporated as E2E Networks Private Limited at Faridabad, Haryana as a private limited company under the provision of Companies Act, 1956 vide Certificate of Incorporation dated August 20,2009 bearing Corporate Identification Number U72900HR2009PTC039406 issued by Registrar of Companies, NCT of Delhi and Haryana, Delhi. Consequently, upon the conversion of our Company into public limited company, the name of our Company was changed to "E2E Networks Limited" and fresh Certificate of Incorporation dated March 14,2018 was issued by the Registrar of Companies, NCT of Delhi and Haryana, Delhi. For details of Incorporation, change in the Name and Registered Office of our Company, please refer to section titled "General Information" and "Our History certain corporate matters" beginning on pages 67 and 185 of the Prospectus.

Corporate Identification Number: U72900HR2009PLC039406

Registered Office: 282, Sector-19, Faridabad, Haryana-121002
Corporate Office:Smart-Work Business Centre Third Floor, Vardhman Trade Center, Nehru Place.New Delhi-110019
Tel. No.: +91 11-3001-8095; Fax No.: Not Available; E-mail: srishti.baweja@e2enetworks.com
Websile:www.e2enetworks.com Contact Person: Bharti Sharma, Company Secretary and Compliance Officer

BASIS OF ALLOTMENT

INITIAL PUBLIC OFFER OF 38,58,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH ("EQUITY SHARES") OF E2E NETWORKS LIMITED (THE "COMPANY" OR "ISSUER") FOR CASH AT A PRICE RS. 57/- PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.47/- PER EQUITY SHARE) AGGREGATING RS.2199.06 LAKHS (THE "OFFER"), COMPRISING OF FRESH ISSUE OF 27,50,000 EQUITY SHARES AGGREGATING UPTO RS. 1567.50 LAKHS ("FRESH ISSUE") AND AN OFFER FOR SALE OF 11,08,000 EQUITY SHARES AGGREGATING UPTO RS. 631.56 LAKHS COMPRISING 1,14,297 EQUITY SHARES BY MANJIT RAI DUA, 1,25,567 EQUITY SHARES BY SHAILLY DUA, 1,25,567 EQUITY SHARES BY SUCHINTA BAWEJA, 5,16,548 EQUITY SHARES BY IL&FS TRUST COMPANY LIMITED-TRUSTEE BLUME VENTURES FUND I AND 2,26,021 EQUITY SHARES BY &FS TRUST COMPANY LIMITED-TRUSTEE BLUME VENTURES FUND IA (COLLECTIVELY REFERRED TO AS "SELLING SHAREHOLDERS").THE EQUITY SHARES ARE OFFERED BY THE SELLING SHARE HOLDERS ("OFFER FOR SALE")T0 GETHER WITH THE FRESH ISSUE ("THE OFFER"). THE OFFER COMPRISES OF 1,94,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 110.58 LAKHS WILL BE RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE OFFER (THE "MARKET MAKER RESERVATION PORTION"). THE OFFER LESS MARKET MAKER RESERVATION PORTION I.E. OFFER OF 36,64,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH FOR CASH AT A PRICE OF RS. 57/- PER EQUITY SHARE, AGGREGATING RS. 2088.48 LAKHS IS HEREINAFTER REFERRED TO AS THE "NET OFFER". THE OFFER AND THE NET OFFER WILL CONSTITUTE 27.08% AND 25.72% RESPECTIVELY OF THE POST OFFER PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

The offer is being in terms of Chapter X-B of the SEBI (ICDR) Regulations,2009 as amended from time to time. For Further details see" offer related Information" beginning on page 290 of the prospectus.

THE FACE VALUE OF THE EQUITY SHARES IS RS.10/-
EACH AND THE OFFER PRICE IS RS.57/- EACH I.E. 5.7 TIMES OF THE FACE VALUE.

ISSUE

OFFER/APPLICATION OPENED ON: MAY 03, 2018
OFFER/APPLICATION CLOSED ON: MAY 07, 2018

PROPOSED LISTING: TUESDAY, MAY 15,2018

The Equity Shares offered through the Prospectus are proposed to be listed on the Emerge Platform of National Stock Exchange of India Limited. The company has received an in-principle approval letter dated April 12,2018 from NSE for using its name in the offer document for listing of its shares on NSE Emerge Plat form.For the purpose of this Offer, the Designated Stock Exchange will be the National Stock Exchange of India Limited. The trading is proposed to be announced with effect from Tuesday, May 15,2018*
•Subject to receipt of listing and trading approvals from the National Stock Exchange of India Limited

All Applicants participated in the Offer 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 offer has received 12,884 applications for 271,098,000 Equity shares (Before Technical Rejections, Multiple Rejections, bids not banked and invalid duplicate bids) including Market Maker Application of 1,94,000 Equity Shares. The offer was subscribed to the extent of  70.20 times as per the application data (before technical rejection, multiple rejections, bids not banked and invalid duplicate bids). After considering the technical rejections cases, the offer was subscribed 60.07times. The details of application received (Before Technical Rejection and Multiple Rejections but after bids not banked and invalid duplicate bids) Details of the Applications Received and Banked (Before Technical Rejections):

Category No. of Applications % to Total No. of Equity Shares % to Total Subscription (Times)
Market Maker 1 0.01 1,94,000 0.07 1.00
Retail Individual Investors 12,207 97.28 2,44,14,000 9.08 13.33
Other than Retail Individual Investors 340 2.71 24,43,94,000 90.85 133.40
Total 12,548 100.00 26,90,02,000 100 69.73

The details of applications rejected by the Registrar on technical grounds are detailed below: (Technical Rejection)

Category Number Of Applications Number Of Equity Shares
Market Maker 0 0
Retail Individual Investors 133 2,66,000
Other than Retail Individual Investors 8 22,64,000
Total 141 25,30,000

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

Category No. of 
Applications
% to 
Total
Offer Size
(as per
Prospectus)
Proportionate
Offer Size
(After Rounding 
Off)
No. of 
Valid Shares 
Applications
Subscription 
(Times)
Market Maker 1 0.01 1,94,000 1,94,000 1,94,000 1.00
Retail Individual Investors 12,074 97.31 18,32,000 18,32,000 2,41,48,000 13.18
Other than Retail Individual Investors 332 2.68 18,32,000 18,32,000 24,21,30,000 132.17
Total 12,407 100.00 38,58,000 38,58,000 26,64,72,000 69.07

*As per Regulations 43(4) of  SEBI (ICDR) Regulations, if retail individual investor category is entitled to more than fifty percent on the proportionate basis, the retail individual investor category should be allocated tat higher percentage.
Allocation: The Basis of Allotment was finalized in consultation with the Designated Stock Exchange- National Stock Exchange of India Limited on May 10,2018

A. Allocation to Market Maker (After Technical Rejections):
The Basis of Allotment to the Market Maker, at the Offer Price of Rs. 57/- 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 1,94,000 Equity Shares.

B. Allocation to Retail Individual Investors (After Technical Rejections):
The Basis of Allotment to the Retail Individual Investors, at the Offer Price of Rs. 57/- per Equity Share, was finalized in consultation with NSE. The Category was subscribed by 13.18 times. The Total number of shares allotted in this category is 18,32,000 Equity Shares to 916 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 the
Applicants
RATIO
Number of Successful applicants
(after rounding off)
Total No.
of Shares
allocated
/allotted
No. of
Shares
Surplus/
Deficit
2000 12074 100 24148000 100 1832000 151.73 2000 6:79 916 1832000 0
Total 12074 100 24148000 100 1832000 151.73 2000 6:79 916 1832000 0

C. Allocation to Other than Retail Individual Investors (After Technical Rejections):
The Basis of Allotment to Other than Retail Individual Investors, at the issue price of Rs 57/- per Equity Share, was finalized in consultation with NSE. The category was subscribed by 132.17 times. The total number of shares allotted in this category is 18,32,000 Equity Shares to 144 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 the
Applicants
RATIO
Number of Successful applicants
(after rounding off)
Total No.of Shares
allocated
/allotted
No. of
Shares
Surplus/
Deficit
4000 34 10.24 136000 0.06 1030 30.29 2000.00 1 : 34 1 2000 970
6000 13 3.92 78000 0.03 590 45.38 2000.00 0 : 3 0 0 -590
8000 23 6.93 184000 0.08 1392 60.52 2000.00 1 : 23 1 2000 608
10000 11 3.31 110000 0.05 832 75.64 2000.00 0 : 11 0 0 -832
12000 8 2.41 96000 0.04 726 90.75 2000.00 0 : 8 0 0 -726
14000 3 0.90 42000 0.02 318 106.00 2000.00 0 : 3 0 0 -318
16000 8 2.41 128000 0.05 968 121.00 2000.00 0 : 8 0 0 -968
18000 9 2.71 162000 0.07 1226 136.22 2000.00 1 : 9 1 2000 774
20000 6 1.81 120000 0.05 908 151.33 2000.00 0 : 6 0 0 -908
28000 8 2.41 224000 0.09 1695 211.88 2000.00 1 : 8 1 2000 305
40000 7 2.11 280000 0.12 2119 302.71 2000.00 1 : 7 1 2000 -119
174000 8 2.41 1392000 0.57 10532 1316.50 2000.00 5 : 8 5 10000 -532
350000 2 0.60 700000 0.29 5296 2648.00 2000.00 1 : 1 2 4000 -1296
350000             2000.00 1 : 2   2000 2000
438000 3 0.90 1314000 0.54 9942 3314.00 2000.00 1 : 1 3 6000 -3942
438000             2000.00 2 : 3   4000 4000
700000 3 0.90 2100000 0.87 15889 5296.33 4000.00 1 : 1 3 12000 -3889
700000             2000.00 2 : 3   4000 4000
876000 3 0.90 2628000 1.09 19884 6628.00 6000.00 1 : 1 3 18000 -1884
876000             2000.00 1 : 3   2000 2000
1236000 1 0.30 1236000 0.51 9352 9352.00 10000.00 1 : 1 1 10000 648
1424000 1 0.30 1424000 0.59 10774 10774.00 10000.00 1 : 1 1 10000 -774
TOTAL 332 100.00 242130000 100.00 1832000       144 1832000  

The Board of Directors of the Company at its meeting held on May 11,2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. National Stock Exchange of India Limited and has authorized the corporate action for the transfer of the Equity Shares to various successful applicants. The Allotment cum refund advice and/or notices will be dispatched to the address of the Applicants as registered with the depositories. Further, the instructions to SCSBs have been issued on May 11,2018 for unblocking of funds. 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. In case the same is not received within prescribed time, Investors may contact the registrar to the Offer at the address given below. The Company is taking steps to get the Equity Shares admitted for trading on the EMERGE Platform of the National Stock Exchange of India Limited within six working days from the date of the closure of the Offer. The trading is proposed to commence on or before May 15,2018 subject to receipt of listing and trading approvals from NSE. 
Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated April 23,2018 ("Prospectus").

INVESTORS PLEASE NOTE

The details of the allotment made would also be hosted on the website of the Registrar to the Issue, at 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:

LINK INTIME INDIA PRIVATE LIMITED
C-101,1 st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai 400 083
Tel: +91 022-49186200 Email: e2e.ipo@linkintime.co.in
Investor Grievance id: e2e.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan

Place: Faridabad

Date: 12.05.2018

For E2E Networks Limited
On Behalf of the Board of Directors
sd/-
"Chairman and 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 E2E NETWORKS LIMITED.