Power
Trading Corporation of India Ltd.
2nd Floor, NBCC Towers,15 Bhikaji Cama Place,New Delhi - 110066 Ph:91-11-51659500.
E-Mail: Info@ptcindia.com.website:www.ptcindia.com
Public Issue of 5,84,99,990 equity shares
of Rs.10/- each at a price of Rs.16/-aggregating Rs93.60 Crores
("hereinafter referred to as the issue")
This issue is being made through 100% book building
process where in 2,90,00,000 equity shares of the issue shall be allocated on a
discretionary basis of Qualified Institutional Buyers. Further a minimum of 1,45,00,000
equity Shares of the issue shall be available for allocation on proportionate basis to
non-institutional bidders and a minimum 1,45,00,000 equity shares of the issue shall be
available for allocation on proportionate basis to retail bidders, subject to valid bids
received at or above the issue price.
BASIS OF ALLOCATION
The company has received 6,11,337 bids for
2480003200 equity shares resulting in 42.76 times subscription. The valid demand
(considering highest value bid in case of multiple bids) from institutional,
non-instituitional and retail bidders categories as under
| Category |
No.of valid bids |
No. of Shares bid |
Subscription (times) |
| Retail Investors |
605173 |
596378100 |
40.63 |
| Non-institutional investors |
5995 |
1177407700 |
81.20 |
| Qualified Institutional bidders |
169 |
706217400 |
24.35 |
Final Demand
A sample of the final demand at different bid prices is
as under
| Sr. No. |
Bids |
No.of Bid
Application |
Bid wise Shares Applied |
Total No. of Bidders |
Tottal No. of Shares Applied |
| 1. |
At Cut-off |
556230 |
583447900 |
972734 |
1009205300 |
| 2. |
16 |
60284 |
2029629500 |
616514 |
2613077400 |
| 3. |
15 |
4811 |
50482400 |
621325 |
2663559800 |
| 4. |
14 |
5326 |
53154000 |
626651 |
2716713800 |
| Total |
|
626651 |
2716713800 |
2837224 |
9002556300 |
(A) Allocation to non-institutional bidders
The basis of allocation to the bidders who have bid for
at or above the issue price of Price of Rs.16 per
Equity Shares was finalised for consultation with the stock exchange Mumbai, on a
proportionate basis after rounding off to the nearest100 shares. The total number of
shares allocated in this category is 14500000 A sample of Category wise details of the
basis allocation is as under:
| Category |
No. of
Applications |
%of total
Application |
No. of
shares
applied |
No.of Shares
Allocated |
Ratio |
Total
Shares
Allocated |
| 3200 |
163 |
2.71 |
521600 |
100 |
11 - 28 |
6400 |
| 10000 |
610 |
10.17 |
6100000 |
100 |
Firm |
61000 |
| 25000 |
155 |
2.58 |
3875000 |
300 |
Firm |
46500 |
| 50000 |
140 |
2.33 |
7000000 |
600 |
Firm |
84000 |
| 100000 |
366 |
6.10 |
36600000 |
1200 |
Firm |
439200 |
| 25000000 |
1 |
0.017 |
25000000 |
307000 |
Firm |
307000 |
(B) Allocation to Retail Bidders:
The Basis of Allocation to the bidders who have bid for at or above the issue
price of Rs 16/-per Eauity Shares was finalized for consultation with the Stock Exchange
Mumbai, on a proportionate basis after rounding off to the nearest 100 shares. The total
number of shares allocated in this category is 14500000. Asample of categorywise details
of the Basis of Allocation is as under:
| category |
No. of
Applications |
%of total
Application |
No. of
shares
applied |
No.of Shares
Allocated |
Ratio |
Total
Shares
Allocated |
| 200 |
125487 |
20.73 |
25097400 |
100 |
3 - 61 |
617100 |
| 500 |
105730 |
17.47 |
52865000 |
100 |
8 - 65 |
1301200 |
| 1000 |
103989 |
17.18 |
103989000 |
100 |
16 - 65 |
2559700 |
| 3100 |
43197 |
7.13 |
13133910700 |
100 |
13 - 18 |
3119500 |
C) Allocation to QIB Bidders:
| Category |
FIs/Banks |
MFs |
FIIs |
ICs |
VCs |
| No.of Shares Allocated |
3041200 |
12159800 |
12307500 |
1461500 |
30000 |
Date of Completion of dispatch of refund orders
23/3/2004
The shares allocated to the successful applicants will be credited to their beneficiary
accounts subject to validation of the account details with the depositories concerned.
Likely Date of filling of listing application :
The Stock Excahnge, Mumbai
25/3/2004
The National Stock Excahnge of India Ltd
25/3/2004
Allotment details have been hosted on the website with the following www.mcsindia.com
All correspondences with references to this issue should be addressed to the Registrars to
the Issue quoting full name of the first/sole applicant. Serial number of the
bid-cum-application form submitted and payment details at the following address:
MCS Ltd. - Unit - PTC Public Offer, Sri Padmavathi Bhavan, Plot No.93, Road No.16 MIDC
Andheri (E), Mumbai - 400 093. Tel.: 022-28201785 Fax: 022-28201783
For Power Trading Corporation Of
India Ltd
Rajiv Maheshwari
Company Secretary
Place: Mumbai
Date: 25.03.2004
The level of subscription should not be taken to be indicative of either the market price
of the equity shares on listing or the busi ess prospects of the Company. |