Business Standard

PNC Infratech Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

488.44 cr

Price Range (₹)

378

Lot Size

35

Min Investment (₹)

13,230.00

Listing Exchange

MumbaiNSE

Open Date

08-May-2015

Close Date

12-May-2015

Listing Date

26-May-2015

PNC Infratech Ltd News

    The Shares of PNC Infratech Ltd have now been listed.

    PNC Infratech Ltd IPO Details

    Initial public offering of up to 12,921,708 equity shares of face value of Rs. 10 each (The equity shares) of PNC Infratech limited (PNC Infratech or the company or the company or the issuer) for cash at a price of Rs. 378 per equity share (including a share premium of Rs. 368 per equity share) (the offer price) aggregating to Rs. 488.44 crores (the offer). The offer comprises a fresh issue of 11,500,000 equity shares by the company (the fresh issue) and an offer for sale of 1,421,708 equity shares by Nylim Jacob Ballas India (FVCI) III LLC (The selling shareholder or NYLIM JB) (The offer for sale). The offer includes a reservation of 50,000 equity shares for subscription by eligible employees (The employee reservation portion). The offer less the employee reservation portion is herein after referred to as the net offer, aggregating to 12,871,708 equity shares. The net offer shall constituted at least 25% of the post-offer paid-up equity share capital of the company.The face value of the equity shares is Rs. 10 each. The offer price is 37.8 times the value anchor investor offer price : Rs. 378 per equity share.

    Objective of issue

    Funding working capital requirements. Investment in subsidiary, PNCRHPL for projects. Investment in capital equipment. Repayment/ prepayment of certain indebtedness. Funding expenditure for general corporate purposes.

    PNC Infratech Ltd Contact Details

    PNC Infratech Ltd, C-13 Pannalal Silk, Mills Cmpd LBS Marg, Bhandup West, Mumbai - 400 078

    Phone - 91-022-25963838

    Fax - 91-022-25946969

    Email - complianceofficer@pncinfratech.com; delhioffice@pn

    Website - www.pncinfratech.com