Petronet LNG
Limited
Registered Office: World Trade Centre, 1st Floor, Babar Road, Barakhamba Lane, New Delhi
110001
Tel: +91-11-23423616 Fax: +91-11-23414271 Email: investorpetronetlng@com
Public Issue of 260,979,900 Equity Shares (Net Offer to
Public 234,882,000 Equity Shares) of Rs. 10 each at a price of Rs. 15 for Cash aggregating
Rs. 3,914.70 million (hereinafter referred to as the "Issue").
The Issue was made through a 100% Book Building Process
wherein up to 50% of the Net Offer to the Public was to be allocated on a discretionary
basis to Qualified Institutional Buyers ("QIBs"). Further, not less than
25% of the Net Offer to the Public was to be made available for allocation on a
proportionate basis to Non-Institutional Bidders and not less than 25% of the Net Offer to
the Public was to be made available for allocation on a proportionate basis to Retail
Bidders.
BASIS OF ALLOCATION
Category |
NO. of valid bids |
No. of shares bid |
Subscription (times) |
Institutional Investors |
26 |
67552200 |
0.58 |
Non Institutional Investors |
4366 |
175086250 |
2.98 |
Retail Investors |
658787 |
584475681 |
9.95 |
Employees |
68417 |
65629179 |
2.51 |
Final Demand
A sample of the final demand at different bid prices is
as under:-
Bid Price |
No of shares |
% of Total |
Cumulative Shares |
Cumulative % |
15* |
878665200 |
82.69 |
878665200 |
82.69 |
14 |
5141500 |
0.48 |
883806700 |
83.17 |
13 |
178808300 |
16.83 |
1062615000 |
100.00 |
* Including bids received at cut off price
A) Allocation to Non Institutional Bidders:
The Basis of Allocation to the Non Institutional Bidders who have bid for at or above the
Issue Price of Rs. 15 per Equity Share, was finalised in 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 58,720,500 A sample of
category-wise details of the Basis of Allocation is as under.:
Category |
No of applications |
% of total applications |
No of shares applied |
% of Total Bid |
No of shares allocated |
Ratio |
Total shares allocated |
3400 |
88 |
2.175 |
299200 |
0.17 |
1100 |
Firm |
96800 |
4000 |
220 |
5.437 |
880000 |
0.51 |
1300 |
Firm |
286000 |
10000 |
611 |
15.101 |
6110000 |
3.52 |
3400 |
Firm |
2077400 |
20000 |
201 |
4.968 |
4020000 |
2.31 |
6800 |
Firm |
1366800 |
50000 |
97 |
2.397 |
4850000 |
2.79 |
16900 |
Firm |
1639300 |
75000 |
5 |
0.124 |
375000 |
0.22 |
25300 |
Firm |
126500 |
140000 |
1 |
0.025 |
140000 |
0.08 |
47300 |
Firm |
47300 |
250000 |
6 |
0.148 |
1500000 |
0.86 |
84500 |
Firm |
507000 |
500000 |
20 |
0.494 |
10000000 |
5.75 |
168900 |
Firm |
3378000 |
1000000 |
5 |
0.124 |
5000000 |
2.88 |
337800 |
Firm |
1689000 |
1500000 |
2 |
0.049 |
3000000 |
1.73 |
506700 |
Firm |
1013400 |
5600000 |
1 |
0.025 |
5600000 |
3.22 |
1891800 |
Firm |
1891800 |
10000000 |
1 |
0.025 |
10000000 |
5.75 |
3378200 |
Firm |
3378200 |
B) Allocation to Retail Bidders:
The Basis of Allocation to the Retail Bidders who have bid for at or above the Issue Price
of Rs.15 per Equity Share was finalised in consultation with the Stock Exchange, Mumbai,
on a proportionate basis after rounding off to the nearest 100 shares. The total number of
shares. The total number of shares allocated in this category is 142208200 including
83487700 shares transferred from QIB category. A sample of category-wise details of the
Basis of Allocation.
Category |
No of applications |
% of total applications |
No of shares applied |
% of Total Bid |
No of shares allocated |
Ratio |
Total shares allocated |
200 |
136828 |
21.179 |
27365600 |
4.75 |
100 |
Firm |
13682800 |
700 |
9033 |
1.398 |
6323100 |
1.10 |
200 |
Firm |
1806600 |
1000 |
121725 |
18.842 |
121725000 |
21.14 |
200 |
Firm |
24345000 |
|
|
|
|
|
100 |
3:20 |
1825900 |
1400 |
1260 |
0.195 |
1764000 |
0.31 |
300 |
Firm |
378000 |
|
|
|
|
|
100 |
2:5 |
16900 |
2500 |
1858 |
0.288 |
4645000 |
0.81 |
600 |
Firm |
1114800 |
3300 |
34379 |
5.321 |
113450700 |
19.70 |
800 |
Firm |
27503200 |
C)Allocation to QIB Bidders:
Category |
FIs/Banks |
MFs |
FIIs |
VCs |
No. of shares |
3433300 |
16870000 |
13050000 |
600000 |
D)Allocation to Employees:
The Basis of Allocation to the Employees who have bid for at or above the Issue
Price of Rs.15 per Equity share, was finalised in 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 26097900. A sample of category-wise details
of the Basis of Allocation is as under:
Category |
No of applications |
% of total applications |
No of shares applied |
% of Total Bid |
No of shares allocated |
Ratio |
Total shares allocated |
200 |
5855 |
8.592 |
1171000 |
1.79 |
100 |
Firm |
585500 |
300 |
2385 |
3.500 |
715500 |
1.09 |
100 |
Firm |
238500 |
400 |
2442 |
3.584 |
976800 |
1.49 |
100 |
Firm |
244200 |
|
|
|
|
|
100 |
03:05 |
146500 |
700 |
1125 |
1.651 |
787500 |
1.20 |
300 |
Firm |
337500 |
1000 |
26181 |
38.421 |
26181000 |
40.03 |
400 |
Firm |
10472400 |
5000 |
39 |
0.057 |
195000 |
0.30 |
2000 |
Firm |
78000 |
10000 |
27 |
0.040 |
270000 |
0.41 |
4000 |
Firm |
108000 |
20000 |
6 |
0.009 |
120000 |
0.18 |
8000 |
Firm |
48000 |
100000 |
3 |
0.004 |
300000 |
0.46 |
39900 |
Firm |
119700 |
190000 |
2 |
0.003 |
380000 |
0.58 |
75600 |
Firm |
151200 |
200000 |
1 |
0.001 |
200000 |
0.31 |
79600 |
Firm |
79600 |
The Committee of Directors has approved the basis of
allocation of shares as above and allotted the shares to the various successful applicant
on 22nd March, 2004.
The refund orders for non allottees and partial allottees
are being despatched by registered post. 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. The company is taking steps to get the equity
shares listed with and admitted for trading in the Stock Exchange Mumbai and The National
Stock Exchange of India Limited within seven working days from the date of approval of the
basis of allocation.
The status of allotement will be hosted at www.karvy.com in due course.
All future correspondences in this regard may kindly be
addressed to the Registrars to the issue at the address given below.
M/s Karvy Computershare Private Limited
(formerly a Division of M/s Karvy Consultants Limited)
Unit: Petronet LNG Limited
46, Avenue 4, Street No.1
Banjara Hills
Hyderabad - 500034
For Petronet LNG Limited
R.K.Garg
Company Secretary & Vice President (Finance)
Place: Hyderabad
Date: March 23, 2004
* 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 Company. |