|Basis of Allotment|
PTC INDIA FINANCIAL SERVICES LIMITED
Our Company was incorporated on September 8,2006 as a public limited company, in the name of "PTC India Financial Services Limited" under the Companies Act, 1956 ("Companies Act") with the Registrar of Companies, National Capital Territory of Delhi and Haryana. There have been no changes in the name and registered office of our Company since incorporation. Registered Office: Second Floor, NBCC Tower, 15, Bhikaji Cama Place, New Delhi 110 066, India. Website: www.ptcfinancial.com, Company Secretary and Compliance Officer: Mr. Vishal Goyal; Tel.: +91 11 4159 5122; Fax: +91 11 41659144; Email: firstname.lastname@example.org
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 156,700,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH ("EQUITY SHARES") OF PTC INDIA FINANCIAL SERVICES LIMITED (THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS. 28* PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS.18 PER EQUITY SHARE) AGGREGATING RS. 4,387.60 MILLION** (THE "ISSUE") CONSISTING OF A FRESH ISSUE OF 127,500,000 EQUITY SHARES BY THE COMPANY ("FRESH ISSUE") AND AN OFFER FOR SALE OF 29,200,000 EQUITY SHARES BY MACQUARIE INDIA HOLDINGS LIMITED (THE "SELLING SHAREHOLDER") ("OFFER FOR SALE"). THE ISSUE CONSTITUTES 27.88% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.
THE FACE VALUE OF THE EQUITY SHARE IS RS. 10 EACH AND THE ISSUE PRICE IS 2.8 TIMES THE FACE VALUE.
"Discount of RS.1 to the Issue Price is offered to Retail Individual Bidders ("Retail Discount"). **Based on actual Allotment
Bid/Issue opened on March 16, 2011 and closed on March 18, 2011 (except for Anchor Investors for whom the Bid/Issue was opened for a day, one day prior to the Bid/Issue opening date).
PROMOTER OF THE COMPANY: PTC INDIA LIMITED
In terms of Rule 19(2) (b) (i) of the Securities Contracts (Regulations) Rules, 1957
("SCRR"), as amended, this is an issue for at least 25% of the post-Issue
capital. The Issue is through 100% Book Building Process wherein up to 50% of the Issue
has been allocated to Qualified Institutional Buyers ("QIBs") (the "QIB
Portion"). 5% of the QIB Portion (excluding the "Anchor Investor
Portion") has been allocated on a proportionate basis to Mutual Funds only. The
remainder of the QIB Portion was made available for allocation on a proportionate basis to
QIBs including Mutual Funds, subject to valid Bids being received from them at or above
the Issue Price. Further, not less than 15% of the Issue has been allocated on a
proportionate basis to Non-Institutional Bidders and not less than, 35% of the Issue has
been allocated on a proportionate basis to Retail Individual Bidders, subject to valid
Bids being received at or above the Issue Price. The Company and the Selling Shareholder
allocated up to 30% of the QIB Portion, to Anchor Investors, on a discretionary basis (the
"Anchor Investor Portion") out of which one-third was reserved for
domestic Mutual Funds. Bidders (except Anchor Investors) were allowed to participate in
this Issue through an Application Supported by Blocked Amount (" ASBA") process
providing details about the bank account which were blocked by the Self Certified
Syndicate Banks ("SCSBs") for the same. For details see the section
titled "Issue Procedure" on page 283 of the Prospectus.
The Basis of Allocation (except for Anchor Investor) was finalized in consultation with the Designated Stock Exchange, being the National Stock Exchange of India Limited ("NSE") on March 25,2011.
A. Allocation to Retail Individual Investors (Including Applications Supported
by Blocked Amount ("ASBA") (After Technical Rejections)
B. Allocation to Non Institutional Investors (After Technical Rejections)
C. Allocation to QIBs
D. Anchor Investors
The IPO Committee of the Board of Directors of the Company at its Meeting held at
Hyderabad on March 26,2011 has taken On record the basis of allocation of Equity Shares of
the Issue and has accordingly allotted the Equity Shares to the Bidders.
INVESTORS PLEASE NOTE
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:
Karvy Computershare Private Limited
TOLL FREE - HELPLINE NUMBER
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS Of PTC INDIA FINANCIAL SERVICES LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus. "The Company proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a Prospectus with the Registrar of Companies, the Securities and Exchange Board of India ("SEBI") and the relevant stock exchange(s). The Prospectus is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the Book Running Lead Managers at www.sbicaps.com, www.jmfinancial.in, www.icicisecurities.com, www.almondzglobal.com and the Co Book Running Lead Manager at www.avendus.com. Investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the section titled "Risk Factors" of the Prospectus. This document is not an offer of securities for sale in the United States or elsewhere. The shares of the Company have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the United States, and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws".