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(This
is only an advertisement for information purposes, not for publication or distribution,
directly or indirectly outside India and not a Prospectus Announcement)
POWER GRID CORPORATION OF INDIA LIMITED Our Company was incorporated in New Delhi on October 23,1989 under the Companies Act, 1956 (the 'Companies Act 1956') as a public limited company under the name 'National Power Transmission Corporation Limited'. For more information on change in the name of our Company and our registered office, see 'History and Certain Corporate Matters' on page 132 of the Prospectus dated December 11,2013 (the 'Prospectus'). Registered Office: B-9, Qutab
Institutional Area, Katwaria Sarai, New Delhi 110 016, India. PROMOTER: PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF POWER, GOVERNMENT OF INDIA ('MOP') AND THE MINISTRY OF DEVELOPMENT OF NORTH EASTERN REGION, GOVERNMENT OF INDIA ('MODONER'), PRESENTLY HOLDING 69.42% OF THE ISSUED AND PAID UP CAPITAL OF THE COMPANY. FOR DETAILS, SEE 'CAPITAL STRUCTURE' ON PAGE 36 OF THE PROSPECTUS. BASIS OF ALLOTMENT FURTHER PUBLIC OFFER OF 787,053,309 EQUITY SHARES OF RS.10 EACH ('EQUITY SHARES') FOR CASH AT A PRICE OF RS.90* PER EQUITY SHARE OF POWER GRID CORPORATION OF INDIA LIMITED ('POWERGRID', 'OUR COMPANY' OR 'THE ISSUER') AGGREGATING RS.69,586.4 MILLION (THE 'OFFER'). THE OFFER COMPRISES A FRESH ISSUE OF 601,864,295 EQUITY SHARES BY OUR COMPANY (THE 'FRESH ISSUE') AND AN OFFER FOR SALE OF 185,189,014 EQUITY SHARES BY THE PRESIDENT OF INDIA, ACTING THROUGH THE MINISTRY OF POWER, GOVERNMENT OF INDIA (THE 'SELLING SHAREHOLDER') (THE 'OFFER FOR SALE'). THE OFFER COMPRISES A NET OFFER TO THE PUBLIC OF 784,053,309 EQUITY SHARES ('THE NET OFFER') AND A RESERVATION OF 3,000,000 EQUITY SHARES FOR SUBSCRIPTION BY ELIGIBLE EMPLOYEES (AS DEFINED IN THE PROSPECTUS) (THE 'EMPLOYEE RESERVATION PORTION'). THE OFFER WOULD CONSTITUTE 15.04% OF THE POST OFFER PAID-UP EQUITY CAPITAL OF OUR COMPANY AND THE NET OFFER WOULD CONSTITUTE 14.99% OF THE POST OFFER PAID-UP EQUITY CAPITAL OF OUR COMPANY. THE FACE VALUE OF THE EQUITY SHARE IS RS.10 EACH. BID/OFFER OPENED ON DECEMBER 3, 2013 AND CLOSED ON DECEMBER 5, 2013 FOR QIB BIDDERS AND ON DECEMBER 6, 2013 FOR ALL OTHER BIDDERS. THE FACE VALUE OF THE EQUITY SHARES IS RS.10 EACH. THE OFFER PRICE IS 7 90 PER EQUITY SHARE* AND IS NINE TIMES THE FACE VALUE OF THE EQUITY SHARE. * Discount of Rs. 4.50 to the Offer Price was offered to Retail Individual Investors (the 'Retail Discount') and Eligible Employees bidding in the Employee Reservation Portion (the 'Employee Discount'). The Equity Shares of the Company offered in the Offer are proposed to be listed on the BSE Limited ('BSE') and the National Stock Exchange of India Limited ('NSE') and the trading is expected to commence on December 19,2013. The Offer was made in accordance with Regulation 27 read with Regulation 26(1) (d) and (e) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended ('SEBIICDR Regulations'), through the Book Building Process where 50% of the Net Offer will be allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') ('QIB Category'). Further, 5% of the QIB Category will be available for allocation on a proportionate basis to Mutual Funds only. The remainder was 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 was available for allocation on a proportionate basis to Non-Institutional Investors and not less than 35% of the Net Offer was 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, 3,000,000 Equity Shares was available for allocation on a proportionate basis to Eligible Employees, subject to valid Bids being received from them at or above the Offer Price. The Offer received 3,83,061 applications for 5,29,24,67,850 equity shares resulting in 6.72 times subscription. The details of the applications received in the Offer from various categories are as under: (Before technical rejections)
Final Demand A summary of the final demand as per the BSE and the NSE as on the Bid/Offer Closing Dated at different Bid prices is as under:
The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on December 16, 2013. A. Allotment to Retail Individual Investors (After Technical Rejections) (including ASBA Applications) The Basis of Allotment to the Retail Individual Investors, who have bid at Cut-off Price or at the Offer Price of 790 per Equity Share net of Retail Discount, was finalized in accordance with the SEBI ICDR Regulations, in consultation with the NSE. This category has been over subscribed to the extent of 2.1077 times. The total number of Equity Shares allotted in Retail Individual Investor category is 27,44,18,658 Equity Shares to 3,70,948 successful applicants. Tfie category-wise details of the Basis of Allotment are as under:
B. Allotment to Non Institutional Investors (After Technical
Rejections)
C. Allotment to QIBs (After Technical Rejections)
D. Allotment to Eligible Employees (After Technical Rejections)
(including ASBA Applications) Note: All capitalized terms used and not defined herein shall have the respective meanings assigned to them in the Prospectus dated December 11,2013 filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana. INVESTORS PLEASE NOTE These details of the Allotment made shall be hosted on the website of Registrar to the Offer, Karvy Computershare Private Limited at http://karisma.karvy.cnm All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/Sole Bidder, serial number of the Bid-cum-Application Form, number of Equity Shares Bid for, name of the member of the Syndicate or the Registered Broker and place where the Bid was submitted and payment details at the address given below: Computershare Private Limited
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The Power Grid FPO 2 basis of allotment (published above) tells you how shares are allocated to you in Power Grid FPO 2 and category wise demand of IPO share.
Visit the Power Grid FPO 2 allotment status page to check the number of shares allocated to your application.
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