© 2019 by Quintessence Enterprises Private Limited.

EQUITY

A. For Equity Issues

Name of the issue: Lex Nimble Solutions Limited

1. Type of  issue (IPO/ FPO)                                                                                                                                                                                         IPO       

2. Issue size (Rs crore)                                                                                                                                                                                                 Rs. 6.33 crs

3. Grade of issue along with name of the rating agency                                                                                                                                     Not applicable

4. Subscription level (number of times). If the issue was undersubscribed, please clarify how the funds were arranged.                  1.03 times

5. QIB holding (as a % of total outstanding capital) as disclosed to stock exchanges (See Clause 35 of the listing agreement)

(i) allotment in the issue                                                                                                                                                                                           Not applicable

(ii) at the end of the 1st Quarter immediately after the listing of the issue

(iii) at the end of 1st FY

(iv) at the end of 2nd FY

(v) at the end of 3rd FY

6Financials of the issuer (as per the annual financial results submitted to stock exchanges under Clause 41 of the listing agreement)

Note: The Company was listed on the BSE SME platform on 4th April, 2018 and has completed 1 financial year as at 31st March, 2019

7. Trading status in the scrip of the issuer (whether frequently traded (as defined under Regulation 2 (j) of SEBI (SAST) Regulations, 2011)  or infrequently traded/ delisted/ suspended by any stock exchange, etc.)

(i) at the end of 1st FY                                      Infrequently traded as defined under Regln 2(j) of SEBI (SAST) Reglns, 2011

(ii) at the end of 2nd FY                                   Not applicable as only 1 Financial Year completed post listing on 4th April, 2018

(iii) at the end of 3rd FY                                   Not applicable as only 1 Financial Year completed post listing on 4th April, 2018

8Change, if any, in directors of issuer from the disclosures in the offer document (See Clause 30 of the listing agreement)

(i) at the end of 1st FY                                      As per the annual report of the Company for FY 19 filed with BSE, Mr. Nalinkumar Patel resigned                                                                                                      during the year. Mr. Venkata Muralidhar Koduri joined the Board as an Independent, Non-Executive                                                                                                Director w.e.f. 13th October, 2018

(ii) at the end of 2nd FY                                   Not applicable as only 1 Financial Year completed post listing on 4th April, 2018

(iii) at the end of 3rd FY                                   Not applicable as only 1 Financial Year completed post listing on 4th April, 2018

9. Status of implementation of project/ commencement of commercial production (as submitted to stock exchanges under Clause 41 (IV) (e) of the listing agreement)

(i) as disclosed in the offer document          Given under point no.10 below

(ii) Actual implementation

(iii) Reasons for delay in implementation, if any

10. Status of utilization of issue proceeds (as submitted to stock exchanges under Clauses 41, 43 and 43A of the listing agreement)

(i) as disclosed in the offer document

(ii) Actual utilization                                          Disclosed in Sheet - Utilisation of issue proceeds

(iii) Reasons for deviation, if any

11. Comments of monitoring agency, if applicable (See Regulation 16 of SEBI (ICDR) Regulations, 2009 read with Clause 43A of the listing agreement)

(a) Comments on use of funds                         Not applicable

(b) Comments on deviation, if any, in the use of proceeds of the issue from the objects stated in the offer document

(c) Any other reservations expressed by the monitoring agency about the end use of funds

(To be submitted till the time the issue proceeds have been fully utilised)

12. Price- related data 

Issue price (Rs):

13. Basis for Issue Price and Comparison with Peer Group & Industry Average (Source of accounting ratios of peer group and industry average may be indicated; source of the accounting ratios may generally be the same, however in case of different sources, reasons for the same may be indicated)

 

14. Any other material information

Note:

(i) Merchant Banker can give its comments on any of the above sections

(ii) Merchant Banker may obtain information/ clarification from the issuer or stock exchange, wherever felt necessary

(iii) In case any of the above reporting dates happens to be a holiday, the immediately following working day may be taken

Utilisation of Issue proceeds for the half year ended 30th September, 2019 as disclosed under Regln 32(1) of the SEBI (LODR) Regulations, 2015

There has been no variation in the utilisation of Issue proceeds. However, Rs. 4.74 crs as on 30.09.2019 remain un-utilised which have been invested in fixed deposits