PG Electroplast IPO Basis of Allotment

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; Website: www.pgel.in;
Company Secretary and Compliance Officer: Mr. Naveen Chandra Kushwaha; Email: ipo@pgel.in

BASIS OF ALLOTMENT

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:

Final Demand
A summary of the final demand as per the BSE and the NSE as on the Bid/ Issue Closing Date at different bid prices is as detailed hereunder:

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'))
The Basis of Allocation to the Retail Individual Bidders, who have bid at cut-off or at the Issue Price of Rs. 210/- per Equity Share, was finalized in consultation with BSE. This category has been over-subscribed to the extent of 1.6122 times. The total number of Equity Shares allotted in Retail Individual category is 20,45,715 Equity Shares to 4,063 successful applicants. As per the Prospectus, the spill- over portion from QIB Category (34,965 Equity Shares) were allotted on proportionate basis. There were 929 applications for 5,57,640Equity Shares made under the ASBA process by Retail Individual Investors, of which 882 applications for 5,49,210 Equity Shares were found valid and they were considered for allotment. The category-wise details of the Basis of Allocation are as under:

B. Allocation to Non Institutional Investors
The Basis of Allocation to the Non-Institutional Investors, who have bid at cut-off or at the Issue Price of Rs. 210/- per Equity Share, was finalized in consultation with BSE. This category has been over-subscribed to the extent of 1.7941 times. The total number of Equity Shares allotted in this category is 8,76,735 Equity Shares to 28 successful applicants. As per the Prospectus, the spill-over portion from QIB Category (14,985 Equity Shares) was allotted on proportionate basis. All the applications in this category were made under the ASBA process and were found valid and were considered for allotment. The category-wise details of the Basis of Allocation are as under:

C. Allocation to QIBs
The Issuer received 6 valid applications for 28,22,550 equity shares against 28,72,500 equity shares reserved for this category resulting in subscription of 0.9826 times. Full allotment is made in this category. The under subscribed portion of 49,950 equity shares have been spilled over to Retail and Non - Institutional Investors Category in the ratio 70:30.

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
The details of the allocation made would be hosted on the website of Registrar to the Issue, Karvy Computershare Private Limited at http://karisma.karvy.com
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/ASBA 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
Unit: PG Electroplast Limited
Plot no. 17 to 24, Vitharao Nagar, Hitech City Road, Madhapur, Hyderabad - 500081, Fax: 040-23420814; Email: einward.ris@karvy.com

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