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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 ₹378.00 per share . The lot size for an application is 35. The minimum amount of investment required by an retail is ₹12,425 (35 shares). 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 Date | May 8, 2015 to May 12, 2015 |
| Listing Date | May 26, 2015 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹355 to ₹378 per share |
| Issue Price Final | ₹378 per share |
| Lot Size | 35 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,29,21,708 shares (aggregating up to ₹488.44 Cr) |
| Fresh Issue | 1,15,00,000 shares (aggregating up to ₹434.70 Cr) |
| Offer for Sale | 14,21,708 shares of ₹10 (aggregating up to ₹53.74 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,98,07,833 shares |
| Share Holding Post Issue | 5,13,07,833 shares |
PNC Infratech IPO offers total 1,29,21,708 shares. Out of which 64,35,853 (49.81%) allocated to QIB, 25,74,342 (19.92%) allocated to QIB, 19,30,757 (14.94%) allocated to NII, 45,05,098 (34.86%) allocated to RII and 38,61,511 (29.88%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 64,35,853 (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 (14.94%) | NA |
| Retail Shares Offered | 45,05,098 (34.86%) | 1,28,717 |
| Employee Shares Offered | 50,000 (0.39%) | NA |
| Total Shares Offered | 1,29,21,708 (100.00%) |
| 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 IPO opens on May 8, 2015, and closes on May 12, 2015.
| IPO Open Date | Fri, May 8, 2015 |
| IPO Close Date | Tue, May 12, 2015 |
| Tentative Listing Date | Tue, May 26, 2015 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, May 12, 2015 |
Investors can bid for a minimum of 35 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| Particulars | For the year/period ended (in Rs. Million) | ||||
|---|---|---|---|---|---|
| 31-Mar-14 | 31-Mar-13 | 31-Mar-12 | 31-Mar-11 | 31-Mar-10 | |
| Total Income | 11,561.91 | 13,076.74 | 12,796.98 | 11,429.55 | 7,539.69 |
| Profit After Tax (PAT) | 669.39 | 764.98 | 783.78 | 711.07 | 443.57 |
| KPI | Values |
|---|---|
| RoNW | 8.51% |
The Company PNC Infratech IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
[Dilip Davda] <p>Although issue has fancy pricing, retail investors may consider moderate investment at the lower price band for long term.</p> Read detail review...
| Listing Date | May 26, 2015 |
| BSE Script Code | 539150 |
| NSE Symbol | PNCINFRA |
| ISIN | INE195J01011 |
| Final Issue Price | ₹378 per share |
| BSE Listing Group | B |
PNC Infratech Ltd.
NBCC Plaza, Tower II,
4th Floor, Pushp Vihar, Sector 5
New Delhi 110017
New Delhi, New Delhi
Phone: (+91 11) 2957 4800
Email: ipo@pncinfratech.com
Website: http://www.pncinfratech.com
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: pnc.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
PNC Infratech IPO is a main-board IPO of 1,29,21,708 equity shares of the face value of ₹10 aggregating up to ₹488.44 Crores. The issue is priced at ₹378 per share. The minimum order quantity is 35.
The IPO opens on May 8, 2015, and closes on 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 May 8, 2015 and closes on 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 Tuesday, May 26, 2015.
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