May 8, 2015 - May 12, 2015

PNC Infratech IPO Basis of Allotment

PNC INFRATECH LIMITED

Our Company was incorporated as 'PNC Construction Company Private Limited on August 9,1999 under the Companies Act, 1956 ('Companies Act 1956'), with the Registrar of Companies, Uttar Pradesh at Kanpur. Pursuant to conversion of our Company to a public limited company, our name was changed to 'PNC Construction Company Limited' and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Uttar Pradesh at Kanpur on February 12,2001. Subsequently, our name was changed to 'PNC Intratech Limited' and a fresh certificate of incorporation consequent upon change of name was issued by the Registrar of Companies, Uttar Pradesh and Utraranchal on August 2,2007. On September 30, 2009, the Company Law Board approved change in location of our Registered Office frorn Uttar Pradesh to Delhi, with effect from November 1, 2009, and a certificate of registration of the order of the Company Law Board was issued by ihe Registrar of Companies, National Capital Territory of Delhi and Haryana (the 'RoC') on November 12,2009, For more information in relation to change in name and Registered Office of our Company, see 'History and Certain Corporate Matters ' on page 144 of the Prospectus dated May 14,2015 (the 'Prospectus')..

Corporate Identity Number: U452D1DL1999FLC195937 Registered Office; NBCC Plaza. Tower II, 4th Floor, Pushp Vihar, Sector 5, New Delhi 110 017. India Tel: (+91 11) 2957 4800 Fax: (+91 11) 2956 3644 Corporate Office; PNC Tower. 3/22 D, Civil Lines, Agra Delhi Bypass Road. National Highway 2, Near Omaxe SRK Mall, Agra 282 002. India Tel: (+91 562) 405 4400 Fax: (+91 562) 407 0011 Contact Person: Mr. Binaya Kumar Dash, Company Secretary and Compliance Otficcr Tel: (+91 562) 405 4400 Fax: (+91 552) 407 0011 E-mail: ipo@pncinfratech.com Website: www.pncinfratech.com

PROMOTERS: Mr. Pradeep Kumar Jain, Mr. Naveen Kumar jain, Mr. Chakresh Kumar Jain, Mr. Yogesh Kumar jain,
PNC Projects Private Limited, PNC Cold Storage Private Limited and Shri Paranath Infrastructure Private Limited.

BASIS OF ALLOTMENT

The equity shares are proposed to be listed on the BSE limited ('BSE') and National Stock Exchange of India Limited ('NSE') and the trading will commence on May 26,2015.
INITIAL PUBLIC OFFERING OF 12,921,708 EQUITY SHARES OF FACE VALUE OF RS.10 EACH (THE 'EQUITY SHARES') OF PNC INFRATECH LIMITED ('PNC INFRATECH' OR OUR '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. 4,884.41 MILLION (THE 'OFFER'), THE OFFER COMPRISES A FRESH ISSUE OF 11,500,000 EQUITY SHARES BY OUR COMPANY (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 1,421,708 EQUITY SHARES BY NYLIM JACOB BALLAS INDIA (FVCl) 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 P0RTION IS HERE IN AFTER REFERRED TO AS THE 'NET OFFER', AGGREGATING T012,871,708 EQUITY SHARES, THE NET OFFER CONSTITUTED AT LEAST 25% OF THE POST-OFFER PAID-UP EQUITY SHARE CAPITAL OF OUR COMPANY

OFFER PRICE: RS.378 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH.

THE OFFER PRICE IS 37.8 TIMES THE FACE VALUE

ANCHOR INVESTOR OFFER PRICE : RS.378 PER EQUITY SHARE

BID/OFFER OPENED ON MAY 8,2015 AND CLOSED ON MAY 12,2015

The Anchor Investor BID;Otter period was one day prior to the BID/Dlfer opening date i.e May 07, 2015.

In terms of Rule 19{2)(b) ol the Securities Contracts (Regulation) Rules, 1957, as amended, (the 'SCRR') the Net Offers is being made for atleast 25% of the post-offerr paid-up Equity Share capital of our Company. The Offer is being made through the Book Building Process, incompliance with Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended the ('SEBI ICDR Regulations') wherein 50% of the Net Offer will be allocated on A proportionate basis to Qualified institutional Buyers ('QIBs') (the 'QIB Category'), provided that our Company and the Selling Shareholder, In consultation with the BRLMs. may allocate up to 60% of the QIB Category to Anchor Investors, on a discretionary basis (the 'Anchor Investors Portion'), of which one-third shall be reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Offer Price. Further; 5% of the QIB Category (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual Funds, subject to valid Bids being received from them at or above the Offer Price. Further, not less than 15% of the Net Offer will be available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer will be available for allocation to Retail Individual Investors, in accordance with the SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price. Further. 50,000 Equity Shares will be available for allocation on a proportionate basis lo Eligible Employees, subject to valid Bids being received from them at or above the Offer Price. Retail individual Investors and Eligible Employees Bidding in the Employee Reservation Portion may participate in this Offer through the ASBA process by providing the details of the ASBA Accounts in which the corresponding Bid Amounts will be blocked by the SCSBs QIBs (excluding Anchor Investors and Non-Institutional Investors can participate in the Offer only through the ASBA process. For details in this regard, specific attention is invited to 'Offer Procedure' an page 391 of the Prospectus.

The Offer received 26,369 Applications for 1,81,30,665 Equity Shares before (technical rejection) resulting in 1.403 times subscription.

The details of the Applications received in the Oder from Retail Individual Bidders, Non-institutional Bidders, Qualified Institutional Bidders ('QIBs') (excluding Anchor Investors), Anchor Investors and eligible Employees are as under (Before Technical Rejections):

Sr. No.	Category	No. of Applications	No. Of Equity Shares	Reserved	No. of times Subscription
1	RETAIL INDIVIDUAL BIDDERS	26,088	11,94,235	45,05,098	0.265
2	NOW INSTITUTIONAL BIDDERS	44	12,38,370	19,30,757	0.641
3	QUALIFIED INSTITUTIONAL BIDDERS	35	1,15,99,980	25,74,342	4.506
4	ANCHOR INVESTORS	24	40,45,930	38,61,511	1.048
5	ELIGIBLE EMPLOYEE	178	52,150	50,000	1.043
	TOTAL	26 369	1,81,30,665	1,29,21,708	1.403

Final Demand

A summary the final demand as per the BSE and me NSE at different bid prices is as under:

Bid Price (Rs.)	No. Of Equity Shares	% to Total	Cumulative Total	Cumulative % Of Total
355	3,12,795	2.13	3,12,795	2.13
356	1,225	0.01	3,14,020	2.13
357	945	0.01	3,14,965	2.14
358	1,400	0.01	3,16,365	2.15
359	210	0.00	3,16,575	2.15
360	9,380	0.06	3,25,955	2.22
361	350	0.00	3,26,305	2.22
362	2,76,570	1.88	6,02,875	4.10
363	175	0.00	6,03,050	4.10
364	35	0.00	6,03,085	4.10
365	5,215	0.04	6,08,300	4.13
366	805	0.01	6,09,105	4.14
367	140	0.00	6,09,245	4.14
368	700	0.00	6,09,945	4.15
369	35	0.00	6,09,980	4.15
370	4,655	0.03	6,14,635	4.18
372	210	0.00	6,14,845	4.18
373	315	0.00	6,15,160	4.18
375	945	0.01	6,16,105	4.19
376	210	0.00	6,16,315	4.19
377	35	0.00	6,16,350	4.19
378	1,29,23,085	87.34	1,35,39,435	92.03
CUTOFF	11,72,500	7.97	1,47,11,935	100.00
TOTAL	1,47,11,935	100.00

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being National Stock Exchange of India Limited ('NSE') on May 19, 2015.

A. Allocation to Retail Individual Bidders (After Technical Rejections)

The Basis of Allotment to the Retail Individual Bidders, who have bid at cut-off or at the Offer Price of Rs.378 per Equity Share, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.2547 times after technical rejection. The total number of Equity Shares Allotted in Retail Individual Bidders category is 11,47,370 Equity Shares to 25,203 successful Applicants. The category-wise details of the Basis of Allotment are as under:

Sr. No.	Category	140. rjf Applications received	% of Total	Total No. of Equity Shares Applied	% to Total	No. of Equity Shares Allotted per Applicant	Ratio	Total No of Equity Shares Allotted
1	35	23,400	92.85	8,19,000	71.38	35	1:1	8,19,000
2	70	764	3.03	53,480	4.66	70	1:1	53,480
3	105	310	1.23	32,550	2.84	105	1:1	32,550
4	140	164	0.65	22,960	2.00	140	1:1	22,960
5	175	68	0.27	11,900	1.04	175	1:1	11,900
6	210	56	0.22	11,760	1.02	210	1:1	11,760
7	245	60	0.24	14,700	1.28	245	1:1	14,700
8	280	32	0.13	8,960	0.78	280	1:1	8,960
9	315	12	0.05	3.780	0.33	315	1:1	3,780
10	350	30	0.12	10,500	0.92	350	1:1	10,500
11	385	11	0.04	4,235	0.37	385	1:1	4,235
12	420	9	0.04	3,780	0.33	420	1:1	3,780
13	455	8	0.03	3,640	0.32	455	1:1	3,640
14	490	10	0.04	4,900	0.43	490	1:1	4,900
15	525	269	1.07	1,41,225	12.31	525	1:1	1,41,225

The under subscribed portion of 33,57,728 Equity Shares in Retail Individual Bidders category has been spilled over to QIB.

B. Allocation to Non Institutional Bidders (AfterTechnical Rejections)

The Basis of Allotments to the Non-Institutional Bidders, who have bid at the Offer Price of Rs.378 per Equity Share or above, was finalized in consultation with NSE. This category has been subscribed to the extent of 0.6397 times after technical rejection. The total number of Equity Shares allotted in this category is 12,35,080 Equity Shares to 42 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications received	% of Total	Total No. of Equity Shares Applied	%to Total	No. of Equity Shares Allotted per Applicant	Ratio	Total No. of Equity Shares Allotted
665	1	2.38	665	0.05	665	1:1	665
700	1	2.38	700	0.06	700	1:1	700
770	1	2.38	770	0.06	770	1 1	770
1,015	4	9.52	4,060	0.33	1,015	1:1	4,060
2,485	1	2.38	2,485	0.20	2,485	1:1	2,435
2,660	1	2.38	2,660	0.22	2,660	1:1	2,660
5,250	1	2.38	5,250	0.43	5,250	1:1	5,250
5,285	5	11.90	26,425	2.14	5,285	1:1	26.425
6,650	4	9.52	26,600	2.15	6,650	1:1	26.600
7,945	1	2.38	7,945	0.64	7,945	1:1	7,945
8,610	1	2.38	8,610	0.70	8,610	1:1	8,610
10,500	2	4.76	21,000	1.70	10,500	1:1	21,000
10,570	1	2.38	10,570	0.86	10,570	1:1	10,570
10,675	2	4.76	21,350	1.73	10,675	1:1	21,350
13,300	2	4.76	26,600	2.15	13,300	1:1	26,600
18,515	2	4.76	37,030	3.00	18,515	1:1	37,030
19,635	1	2.38	19,635	1.59	19,635	1:1	19,635
26,425	3	7.14	79,275	6.42	26,425	1:1	79,275
26,460	1	2.38	26,460	2.14	26,460	1:1	26,460
53,025	1	2.38	53,025	4.29	53,025	1:1	53,025
92,575	1	2.38	92,575	7.50	92,575	1:1	92,575
99,995	1	2.38	99,995	8.10	99,995	1:1	99,995
1,32,265	2	4.76	2,64,530	21.42	1,32,265	1:1	2,64,530
1,32,300	1	2.38	1,32,300	10.71	1,32,300	1:1	1,32,300
2,64,565	1	2.38	2,64,565	21.42	2,64,565	1:1	2,64,565

The under subscribed portion of 6,95,677 Equity Shares in Non-Institutional Bidders category has been spilled over to QIB.

C. Allocation to Employee

The Basis of Allotment to the Employee portion, who have bid at the Offer Price of Rs.378 per Equity Share or above, was finalized in consultation with NSE. This catergory has been subscribed to the extent of 1.0192 times after technical rejection. The total number of Equity Shares allotted in this category is 50,000 Equity Shares to 172 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category	No. of Applications received	% of Total	Total No. of Equity Shares Applied	% of Total	No. of Equity Shares Allotted per Applicant	Ratio	Tolal No. of Equity Shares Allotted
35	25	14.53	875	1.72	35	1:1	875
70	22	12.79	1,540	3.02	69	1:1	1,518
105	13	7.56	1,365	2.68	103	1:1	1,339
140	15	8.72	2,100	4.12	137	1:1	2,055
175	3	1.74	525	1.03	172	1:1	516
210	3	1.74	630	1.24	206	1:1	618
245	3	1.74	735	1.44	240	1:1	720
280	10	5.81	2,800	5.49	274	1:1	2,740
315	1	0.58	315	0.62	309	1:1	309
385	1	0.58	385	0.76	378	1:1	378
420	1	1.16	840	1.65	411	1:1	822
525	74	43.02	38,850	76.24	515	1:1	38,110

D. Allocation to QIBs (excluding Anchor Investors)

Allotment to QIBs, who have bid at the Offer Price of Rs.378 per Equity Share or above, has been done on a proportionate basis in consultation with the NSE. This category has been subscribed to the extent of 1.7899 times. As per the SEBI ICDR Regulations, Mutual Funds were allotted 5% of the Equity Shares of Net QIB portion available i.e. 3,31,386 Equity Shares (including under subscribed portion of 34,783 Equity Shares spilled over from Non Institutional Category and 1,67,886 Equity Shares spilled over from Retail Category) and other QIBs (Including Mutual Funds) were allotted the remaining available Equity Shares i.e 62,96,361 Equity Shares (including under subscribed portion of 6,60,894 Equity Shares from Non Institutional Category and 31,89,842 Equity Shares from Retail Category) on a proportionate basis. The total number of Equity Shares allotted in the QIB category is 66,27,747 Equity Shares, which were allotted to 35 successful Applicants.

Category	Fls/Banks	MFs	ICs	Trust	Fll	Total
QIB	Nil	39,38,553	2,95,633	Nil	23,93,561	66,27,747

E. Allocation to Anchor Investors

The Company and Selling Shareholder have allotted 38,61,511 Equity Shares to 9 Anchor Investors, in consultation with the BRLMs. In accordance with the SEBl ICDR Regulations, this represents 36.81% of the QIB Portion.

Category	Fls/Banks	MFs	ICs	Trust	Fll	Tolal
QIB	Nil	33,64,188	Nil	Nil	4,97,323	36,61,511

The IPO Committee of the Beard of our Company at its meeting held on May 20, 2015 has taken on record the Basis of Allotment of Equity Shares approved by the Designated Stock Exchange, being NSE and has allotted the Equity Shares to various successful applicants.

The Allotment Advice cum Refund Order have been dispatched to the address of the investors as registered with the depositories on or before May 21, 2015, Further, instructions to the SCSBs have been dispatched/mailed on May 20, 2015, The Refund Advices have been over-printed with the bank account details as registered, if any, with the depositories. In case the same is not received within ten days, investors may contact the Registrar to the Qffer, Link Intime India Private Limited, at the address given below. The Equity Shares allotted to the successful allottees have been uploaded on or before May 21, 2015 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned. Our Company has received listing and trading approval from BSE and NSE on May 22, 2015 and Trading will be effective from May 26, 2015.

INVESTORS PLEASE NOTE

The details of the Basis of Allotment made shall be hosted an the website of the Registrar to the Offer, Link Intime India Private Limited at www.linkintime.co.in

All Future correspondence in this regard may kindly be addressed to the Registrar to the Offer 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 and place where the Bid-Cum Application Form was submitted and payment details at the address given below:

Link Intime India Private Limited
C 13, Pannalal Silk Mills Compound, L.B.S. Marg, Bhandup (West), Mumbai 400 078, India.
Tel: (+ 91 22) 6171 5400, Fax: (+ 91 22) 2596 0329
E-mail: pnc.ipo@linkintime.co.in, Website: www.linkintime.co.in
Contact Person: Mr. Sachin Achar
SEBI Registration No.: INR000004058

Place: Agra Date: May 23, 2015	For PNC INFRATECH LIMITED on behalf of Board of Directors Sd/- Company Secretary and Compliance Officer

PNC Infratech IPO Basis of Allotment FAQs

The IPO allocation is based on the subscription level and the investor category.

Refer to IPO allotment rules and methods for more details.

See the basis of allotment document above to know how the shares are allocated in PNC Infratech IPO .

The PNC Infratech IPO basis of allotment (published above) tells you how shares are allocated to you in PNC Infratech IPO and category wise demand of IPO share.

Visit the PNC Infratech IPO allotment status page to check the number of shares allocated to your application.

In PNC Infratech IPO allotment process, the registrar separates valid and invalid applications. The invalid applications with technical errors are rejected and only valid applications at or above the cut-off price are considered for allotment.

For more information, please refer to IPO Allotment Process and Basis of Allotment.

Check the PNC Infratech IPO basis of allotment document to know how the shares are allocated in PNC Infratech IPO.

PNC Infratech IPO Basis of Allotment

PNC Infratech IPO Basis of Allotment FAQs

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