|Basis of Allotment|
(This is only an advertisement for information purposes and not a Prospectus Announcement)
PG Electroplast Limited
(Our Company was incorporated on March 17,2003 as PG Electroplast Private Limited under the Companies Act, 1956. Subsequently, pursuant to a special resolution passed at the meeting of the shareholders of our Company at an Extraordinary General Meeting held on July 15 2010, our Company became a public limited company and the word 'private' was deleted from our name. The fresh certificate of incorporation to reflect the new name was issued by the RoC on August 6,2010)
Registered Office: 14/39, Shakti Nagar, New
Delhi-110007; Tel.: +91-11 -23844809; Fax: +91-11-23841932. Corporate
Office: P-4/2 to 4/6, Site-B, UPSIDC Industrial Area, Surajpur, Greater Noida,
District Gautam Budh Nagar, Uttar Pradesh, India. Tel.: +91-120-2569323; Fax: +91-120-2569131;
BASIS OF ALLOTMENT
PUBLIC ISSUE OF 57,45,000 EQUITY SHARES OF Rs. 10/- EACH FOR CASH AT A PRICE OF Rs.
210 PER EQUITY SHARE, AGGREGATING Rs. 12,064.50 LAKHS (THE "ISSUE"). THE ISSUE
CONSTITUTES 35% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF OUR COMPANY.
The Equity Shares of Company are Proposed to be listed on the Bombay Stock Exchange ("BSE") and the National Stock Exchange of India Limited ("NSE") and the trading will commence on or before September 26, 2011.
Name of Promoters*: Mr. Promod Gupta, Mr. Anurag Gupta, Mr. Vishal Gupta and Mr.Vikas Gupta
* We confirm thatPG Industries Limited or Prudential Granite Industries Limited, having their address at 313/71, Anand Nagar, Inderlok, Delhi-110035 and A-30, 2nd Floor, Kailash Colony, New Delhi-110048 is in no way related to PG Industries, which is a partnership concern and a Promoter Group entity of our Company. None of our Promoters or Promoter Group Company/entity or Directors in any way related directly or indirectly with PG Industies Limited or Prudential Granite Industries Limited.
Simple, Safe, Smart way of Application - Make use of it!!!
*Applications Supported by Blocked Amount (ASBA) is a better way of applying to issues by simply blocking the fund in the bank account, investors can avail the same. For details, check section on ASBA below and also refer to the Prospectus.
IPO GRADING: THIS ISSUE HAS BEEN GRADED BY CARE. CARE HAS ASSIGNED "CARE IPO GRADE 3", INDICATING AVERAGE FUNDAMENTALS TO THE INITIAL PUBLIC OFFERING OF OUR COMPANY. FOR MORE INFORMATION ON IPO GRADING, PLEASE REFFER TO THE SECOND TITLED "GENERAL INFORMATION" BEGINING ON PAGE NO.13 OF THE PROSPECTUS.
This Issue is being made through a 100% Book Building Process wherein not more than 50% of the Issue to Public shall be available for allocation on a proportionate basis to Qualified Institutional Buyers ("QIBs"). 5% of the QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only and the remainder shall be available for allotment on a proportionate basis to QIBs and Mutual Funds, subject to valid bids being received from them at or above the Issue Price. Further, not less than 15% of the Issue to Public shall be available for allocation on a proportionate basis to Non Institutional Bidders and not less than 35% of the Issue to Public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid bids being received at or above the Issue Price.
This Issue opened for subscription on September 07,2011 and closed on September 12,2011. The Issue received 4,222 applications for 76,21,050 equity shares (after technical rejections, including cheque returns/withdrawals) resulting in 1.3265 times subscription. The details of the applications received in the Issue, after technical rejections, from Qualified Institutional Buyers, Non-Institutional and Retail Individual Investors categories are as under:
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on September 19,2011.
A. Allocation to Retail Individual Investors (Including Applications Supported by
Blocked Amount ("ASBA"))
B. Allocation to Non Institutional Investors
C. Allocation to QIBs
The IPO Committee of the Company at its meeting held on September 19,2011 has approved the basis of allocation of Equity Shares of the Issue and has accordingly allotted the Equity Shares to the Bidders.
The Allotment Advice-cum-Refund Orders and/ or notices have been dispatched to the address of the Bidders as registered with the depositories on or prior to September 21,2011. In case the same is not received within 10 days, investors may contact at the address given below. Further, the instructions to Self Certified Syndicate Banks for unblocking of funds have been dispatched on September 19, 2011. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories. The Equity Shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The Company has filed the listing applications with Bombay Stock Exchange Limited and National Stock Exchange of India Limited on September 21,2011.
APPLICATIONS SUPPORTED BY BLOCKED AMOUNT (ASBA): Bidding by ASBA process is available to all the investors, however non-retail investors i.e. QIBs and Non-Institutional Investors shall mandatorily bid through the ASBA process. The bidders are required to fill the Bid Cum ASBA Form and submit the same to the SCSB, physically or electronically, which in turn will block the amount in the account as per the authority contained in the Bid Cum ASBA form and undertake other tasks as per the specified procedure. The bidders can also submit the Bid cum ASBA form physically to the Syndicate/Sub Syndicate member, who shall forward the same to the designated branch of SCSB. On allotment, amount will be unblocked and account will be debited only to the extent required to be paid for allotment of shares. Hence there will be no need of refunds. For more details on the ASBA process, please refer to the details given in Bid cum ASBA form and Prospectus and also refer to the section "Issue Procedure" beginning on page no. 230 of the Prospectus. ASBA Bid cum Application forms can also be downloaded from the websites of Bombay Stock Exchange and National Stock Exchange, ASBA forms can be obtained from the list of banks that is available on the website of SEBI at www.sebi.gov.in
INVESTORS PLEASE NOTE
Karvy Computershare Private Limited
TOLL FREE - HELPLINE NUMBER: 1-800-3454001
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 PG ELECTROPLAST LIMITED.
Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated September 14,2011 ("Prospectus") as filed with the Registrar of Companies, NCT of Delhi & Haryana. The Prospectus is available on SEBI website at www.sebi.gov.in as well as on the website of Book Running Lead Manager at www.almondzglobal.com. Investors should note that investments in equity shares involves a high degree of risk and for details relating to the same, see section titled "Risk Factors" of the Prospectus. The Equity Shares have not been, and will not be, registered under the U.S. Securities Act 1933, as amended (the "Securities Act") or any state securities laws in the United States and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the Equity Shares will be offered and sold only (i) in the United States to "qualified institutional buyers", as defined in Rule 144A of the Securities Act, and (ii) outside the United States in compliance with Regulations of the Securities Act and the applicable laws of the jurisdiction where those offers and sales occur. The Equity Shares have not been, and will not be, registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction.