Bookbuilding IPO | ₹488 Cr | Listed at BSE, NSE | Fri, May 8, 2015 - Tue, May 12, 2015
PNC Infratech IPO is a book build issue of ₹488.44 crores. The issue is a combination of fresh issue of 1.15 crore shares aggregating to ₹434.70 crores and offer for sale of 0.14 crore shares aggregating to ₹53.74 crores.
PNC Infratech IPO bidding started from May 8, 2015 and ended on May 12, 2015. The shares got listed on BSE, NSE on May 26, 2015.
PNC Infratech IPO price band is set at ₹378 per share. The lot size for an application is 35. The minimum amount of investment required by an retail is ₹13,230 (35 shares) (based on upper price). The lot size investment for sNII is 16 lots (560 shares), amounting to ₹2,11,680, and for bNII, it is 76 lots (2,660 shares), amounting to ₹10,05,480.
The issue includes a reservation of up to 50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
ICICI Securities Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to PNC Infratech IPO RHP for detailed Information.
IPO Open
Fri, May 8, 2015
IPO Close
Tue, May 12, 2015
Issue Price
₹378 per share
Market Cap (Pre-IPO)
₹1,939.44 Cr
| IPO Date | 8 to 12 May, 2015 |
| Listed on | Tue, May 26, 2015 |
| Face Value | ₹10 per share |
| Price Band | ₹355 to ₹378 |
| Issue Price | ₹378 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,29,21,708 shares (agg. up to ₹488 Cr) |
| Fresh Issue | 1,15,00,000 shares (agg. up to ₹435 Cr) |
| Offer for Sale | 14,21,708 shares of ₹10 (agg. up to ₹54 Cr) |
| Share Holding Pre Issue | 3,98,07,833 shares |
| Share Holding Post Issue | 5,13,07,833 shares |
| BSE Script Code / NSE Symbol | 539150 / PNCINFRA |
| ISIN | INE195J01011 |
PNC Infratech IPO comprises a total issue size of 1,29,21,708 shares. The net offer to the public is 1,28,71,708 shares, after excluding 50,000 shares under a preferential allotment. Of the Net offer 64,35,853 (50.00%) are allocated to QIB, 19,30,757 (15.00%) allocated to NII 45,05,098 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 64,35,853 | 50.00% | 49.81% | NA |
| − Anchor Investor Shares Offered | 38,61,511 | 29.88% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 25,74,342 | 19.92% | NA | |
| NII (HNI) Shares Offered | 19,30,757 | 15.00% | 14.94% | NA |
| Retail Shares Offered | 45,05,098 | 35.00% | 34.86% | 1,28,717 |
| Preferential Reservations | ||||
| Employee Shares Offered | 50,000 | 0.39% | NA | |
| Total Shares Offered | 1,29,21,708 | 100.00% | 100.00% | |
Investors can bid for a minimum of 35 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 35 | ₹13,230 |
| Retail (Max) | 15 | 525 | ₹1,98,450 |
| S-HNI (Min) | 16 | 560 | ₹2,11,680 |
| S-HNI (Max) | 75 | 2,625 | ₹9,92,250 |
| B-HNI (Min) | 76 | 2,660 | ₹10,05,480 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
PNC Infratech Ltd is an Indian infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, development of industrial areas and other infrastructure activities.
PNC provide end-to-end infrastructure implementation solutions that include engineering, procurement and construction ("EPC") services on a fixed-sum turnkey basis as well as on an item rate basis. We also execute and implement projects on a "Design-Build- Finance-Operate-Transfer" ("DBFOT"), Operate-Maintain-Transfer ("OMT") and other PPP formats.
They have executed projects across various states in India including Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu. Company has executed 42 major infrastructure projects on an EPC basis.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 150.00 |
| 2 | Investment in our subsidiary, PNC Raebareli Highways Private Limited for part-financing the Raebareli-Jaunpur Project | 65.00 |
| 3 | Investment in capital equipment | 85.06 |
| 4 | Repayment/ prepayment of certain indebtedness | 35.14 |
| 5 | General corporate purposes | 81.10 |
| KPI | |
|---|---|
| RoNW | 8.51% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 72.27% | |
| Market Cap | ₹1,939.44 Cr. |
The PNC Infratech IPO is subscribed 1.56 times on May 12, 2015 6:40:00 PM (Day 3). The public issue subscribed 0.28 times in the retail category, 4.51 times in the QIB category, and 0.65 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 4.51 | 25,74,342 | |
| NII | 0.65 | 19,30,757 | |
| Retail | 0.28 | 45,05,098 | |
| Employee | 1.11 | 5,00,000 | |
| Total | 1.56 | 95,10,197 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers | 10.93 |
| 2 | Advertising and marketing expens | 3.68 |
| 3 | Fees payable to the Registrar to the Offer | 0.11 |
| 4 | Underwriting commission, fees payable to the Bankers to the Offer, brokerage and selling commission, as applicabl | 0.32 |
| 5 | Brokerage and selling commission payable to Registered Brokers | 0.00 |
| 6 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or RegisteredBrokers and submitted with the SCSB | 0.01 |
| 7 | Others (listing fees, legal fees, etc.) | 5.62 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹378.00 | ₹378.00 |
| Open | ₹381.00 | ₹387.00 |
| Low | ₹346.30 | ₹346.40 |
| High | ₹387.80 | ₹387.00 |
| Last Trade | ₹360.20 | ₹360.50 |
Lead Manager Reports
PNC Infratech IPO is a main-board IPO of 1,29,21,708 equity shares of the face value of ₹10 aggregating up to ₹488 Crores. The issue is priced at ₹378 per share. The minimum order quantity is 35.
The IPO opens on Fri, May 8, 2015, and closes on Tue, May 12, 2015.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PNC Infratech IPO using UPI as a payment gateway. Zerodha customers can apply in PNC Infratech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PNC Infratech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PNC Infratech IPO opens on Fri, May 8, 2015 and closes on Tue, May 12, 2015.
PNC Infratech IPO lot size is 35, and the minimum amount required for application is ₹13,230.
You can apply in PNC Infratech IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for PNC Infratech IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the PNC Infratech IPO allotment status.
The PNC Infratech IPO listing date is on Tue, May 26, 2015.
