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September 7, 2011 - September 12, 2011

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

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 ISSUE PRICE IS 21 TIMES OF THE FACE VALUE OF EQUITY SHARES

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:

Sr. No. Category No. of Applications Received No. of Equity Shares No. of times subscribed
A Retail Individual Bidders 4,188 32,25,510 1.6041
B Non Institutional Bidders 28 15,72,990 1.8253
C Qualified Institutional Bidders 6 28,22,550 0.9826
Total 4,222 76,21,050 1.3265

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:

Bid Price No. of Shares % to total Cumulative Total Cumulative % of Total
190 116130 1.46 116130 1.46
191 60 0 116190 1.46
192 90 0 116280 1.46
193 60 0 116340 1.47
194 30 0 116370 1.47
195 210 0 116580 1.47
196 30 0 116610 1.47
197 60 0 116670 1.47
198 60 0 116730 1.47
199 30 0 116760 1.47
200 117810 1.48 234570 2.96
201 30 0 234600 2.96
205 4890 0.06 239490 3.02
210 4537200 57.16 4776690 60.18
Cutoff Price 3160800 39.82 7937490 100
7937490 100

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:

Category No. of Applications % to total Total No. of Equity Shares applied % of total No. of Equity Shares allotted Ratio Total No. of
Equity Shares allocated/allotted
30 306 7.31 9,180 0.28 30 13:22 5,430
60 91 2.17 5,460 0.17 38 FIRM 3,458
90 46 1.10 4,140 0.13 57 FIRM 2,622
120 45 1.07 5,400 0.17 76 FIRM 3,420
150 27 0.64 4,050 0.13 95 FIRM 2,565
180 10 0.24 1,800 0.06 114 FIRM 1,140
210 21 0.50 4,410 0.14 133 FIRM 2,793
240 11 0.26 2,640 0.08 152 FIRM 1,672
270 2 0.05 540 0.02 171 FIRM 342
300 12 0.29 3,600 0.11 190 FIRM 2,280
330 2 0.05 660 0.02 210 FIRM 420
360 2 0.05 720 0.02 229 FIRM 458
390 5 0.12 1,950 0.06 247 FIRM 1,235
420 4 0.10 1,680 0.05 267 FIRM 1,068
450 330 7.88 1,48,500 4.60 285 FIRM 94,050
480 14 0.33 6,720 0.21 304 FIRM 4,256
Additions 1 4:7 8
510 6 0.14 3,060 0.09 324 FIRM 1,944
570 2 0.05 1,140 0.04 362 FIRM 724
600 4 0.10 2,400 0.07 381 FIRM 1,524
660 3 0.07 1,980 0.06 419 FIRM 1,257
690 3 0.07 2,070 0.06 438 FIRM 1,314
720 3 0.07 2,160 0.07 457 FIRM 1,371
750 4 0.10 3,000 0.09 476 FIRM 1,904
810 1 0.02 810 0.03 514 FIRM 514
840 2 0.05 1,680 0.05 533 FIRM 1,066
930 3,232 77.17 30,05,760 93.19 590 FIRM 19,06,880

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:

Category No. of Applications % to total Total No. of Equity Shares applied % of total No. of Equity Shares allotted Ratio Total No. of
Equity Shares allocated/allotted
3000 1 3.57 3000 0.19 1672 FIRM 1672
4740 1 3.57 4740 0.30 2642 FIRM 2642
6000 1 3.57 6000 0.38 3344 FIRM 3344
7710 2 7.14 15420 0.98 4298 FIRM 8596
9300 1 3.57 9300 0.59 5184 FIRM 5184
9990 1 3.57 9990 0.64 5568 FIRM 5568
12000 1 3.57 12000 0.76 6688 FIRM 6688
15300 1 3.57 15300 0.97 8528 FIRM 8528
18570 1 3.57 18570 1.18 10350 FIRM 10350
19020 1 3.57 19020 1.21 10601 FIRM 10601
19980 1 3.57 19980 1.27 11136 FIRM 11136
21000 1 3.57 21000 1.34 11705 FIRM 11705
25050 2 7.14 50100 3.19 13962 FIRM 27924
28560 1 3.57 28560 1.82 15918 FIRM 15918
28590 1 3.57 28590 1.82 15935 FIRM 15935
30000 1 3.57 30000 1.91 16721 FIRM 16721
31830 1 3.57 31830 2.02 17741 FIRM 17741
39000 1 3.57 39000 2.48 21737 FIRM 21737
47610 2 7.14 95220 6.05 26537 FIRM 53074
95250 1 3.57 95250 6.06 53089 FIRM 53089
96000 1 3.57 96000 6.10 53507 FIRM 53507
119010 2 7.14 238020 15.13 66333 FIRM 132666
210000 1 3.57 210000 13.35 117047 FIRM 117047
476100 1 3.57 476100 30.27 265362 FIRM 265362

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.

Category MFs Flls Fls/Banks VCs Total
No. of Equity Shares allocated Nil 28,22,550 Nil Nil 28,22,550

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

TOLL FREE - HELPLINE NUMBER: 1-800-3454001

Place : Greater Noida, Uttar Pradesh
Date : September 22,2011
For PG Electroplast Limited
Sd/-
Promod Gupta
Chairman and Managing Director

PG Electroplast IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in PG Electroplast IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

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

Visit the PG Electroplast IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in PG Electroplast IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).