Power Instrumentation Gujarat IPO Basis of Allotment

POWER & INSTRUMENTATION (GUJARAT) LIMITED

(CIN - U32201GJ1983PLC006456)

Our Company was originally incorporated at Ahmedabad as 'Power & Instrumentation (Gujarat) Private Limited' on 12* September, 1983 under the provisions of the Companies Act, 1956 vide Certificate of Incorporation issued by the Registrar of Companies, Ahmdabad. Consequent, upon the conversion of our Company Into public limited company, the name of our Company was changed to 'Power & Instrumentation (Gujarat) Limited' and fresh certificate of incorporation dated 5' July 2004 was Issued by the Registrar of Companies, Ahmedabad. For further details of incorporation, change of name and registered office of our Company, please refer to chapter titled and 'History and Certain Corporate Matters' beginning on page 121 of the Prospectus.

Registered Office: A-1, Sixth Floor; Safal Profitaire, Near Krishna Bunglows. 100 Ft. Road. Prahladnagar Ahmedabad-380 015, Gujarat. India,
Tel: +91-79-4005 1222, Fax: +91-79-4005 1222 Email: priyacs@grouppower.org Website; www.grouppower.org
Contact Person: Ms Priya Pramodkumar Saraf, Company Secretary & Compliance Officer

PROMOTER OF OUR COMPANY: MR. PADMARAJ  PADMNABHAN PILLAI AND MRS. PADMAVATI  PADMANABHAN PILLAI

BASIS OF ALLOTMENT

PUBLIC ISSUE OF 18,64,000 EQUITY SHARES OF FACE VALUE OF RS 10 EACH ('EQUITY SHARES') OF POWER AND INSTRUMENTATION (GUJARAT) LIMITED (THE 'COMPANY'' OR THE 'ISSUER') FOR CASH AT A PRICE OF RS 33 PER EQUITY SHARE, INCLUDING A SHARE PREMIUM OF RS, 23 PER EQUITY SHARE (THE 'ISSUE PRICE'), AGGREGATING TO RS. 615,12 LAKHS ('THE ISSUE'), OF WHICH 96,000 EQUITY SHARES OF FACE VALUE OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 33 PER EQUITY SHARE, AGGREGATING RS. 31.68 LAKHS RESERVED FOR SUBSCRIPTION BY THE MARKET MAKER TO THE ISSUE (THE 'MARKET MAKER RESERVATION PORTION'). THE ISSUE LESS MARKET MAKER RESERVATION PORTION I.E. ISSUE OF 17,68,000 EOUITY SHARES OF FACE VALUE OF RS.10 EACH CASH AT A PRICE OF RS. 33 PER EQUITY SHARE. AGGREGATING RS 583.44 LAKHS IS HEREINAFTER REFERRED TO AS THE 'NET ISSUE'. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.46% AND 25.10% RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF THE COMPANY.

In terms of Prospectus dated 28th March. 2018 and as por Regulation 43 (4) of SEBI (ICDR) Regulations, 2009 wherein a minimum of 50 % of the Net Issue to Public shall be made available to shall be Initially made available to Retail Individual Investors as the case may be The balance net offer of shares to the public shall be made available for allotment to a) individual applicants other than retail investors and b) other Investors Including corporate bodies / Institutions irrespective of no. of shares applied for The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall/may be made available for allocation In any other category. if so required,
Explanation: for the purpose of Regulation 43 (4) of SEBI (ICDR) Regulations. 2009, if the retail individual Investor Is entitled to more than fifty percent, on proportionate basis, the retail individual investors shall be allocated that higher percentage.

THE FACE VALUE OF THE EQUITY SHARES IS RS. 10/- EACH AND
THE ISSUE PRICE IS RS. 33/- EACH. THE ISSUE PRICE IS 3.30 TIMES OF THE FACE VALUE.
ISSUE OPENED ON 11TH APRIL, 2018 AND CLOSED ON 13TH APRIL, 2018

The Equity Shares offered through the Prospectus are proposed to be listed on the EMERGE platform of National Stock Exchange of India Limited ('NSE') in terms of the chapter XB of the SEBI (ICDR) Rogulations, 2009 as amended from time to time, Company has received In-Principle approval letter dated 28th March 2018 from NSE for using Its name in the offer document for listing of our Shares on the EMERGE platform of NSE. The designated stock exchange is National Stock Exchange of India Limited ('NSE').
All Applicant are mandatorily to participate in the Issue through APPLICATION SUPPORTED BY BLOCKED AMOUNT ('ASBA') process by providing the details of the respective bank accounts in which the corresponding application amounts were blocked by Self Certified Syndicate Banks (the 'SCSBs').

SUBSCRIPTION DETAILS

The Issue has received 2729 applications for 1,82.76,000 Equity Shares (Including Market Maker Application of 96,000 Equity Shares) resulting 9.805 times subscription. 256 applications of aggregating 17,92,000 Equity Shares were not banked hence 2473 applications for 1,64,84,000 Equity Shares (Including Market Maker Application of 96,000 Equity Shares) resulting 8.843 times subscription was considered. The details of the applications received in the Issue (before technical rejections) are as follows:
Detail of the Applications Received (Bofore Technical Rejections):

The details of applications rejected by the Registrar on technical grounds are detailed below:

Details of the Valid Applications Received (After Technical Rejections):

ALLOCATION: The Basis of Allotment was finalized In consultation with the Designated Stock Exchange - National Stock Exchange of India Limited ('NSE') on 18th April 2018.
A . Allocation to Market Maker (After Technical Rejections): The Basis of Allotment to the Market Maker at the Issue price of Rs 33/- per Equity Share, was finalised In consultation with NSE. The category was subscribed by 1.000 time. The total number of shares allotted In this category Is 96,000 Equity shares In full out of reserved portion of 84,000 Equity Shares.
B . Allocation to Non Retail Investors (After Technical Rejections): The Basis of Allotment to the Non Retail Investors, at the Issue price of Rs- 33/- per Equity Share, was finalized in consultation with NSE The category was subscribed by 7.602 times. Total number of shares allotted In this category Is 7,32,000 Equity Shares. The category wise basis of allotment is as under:

C. Allocation to Retail Individual investors (After Technical Rejections): The Basis of Allotment to the Retail Individual Investors, at the issue price of Rs 33/- per Equity Share, was finalized In consultation with NSE. The category was subscribed by 10.733 times. Total number of shares allotted in this category is 10,36,000 Equity Shares.
The category wise basis of allotment is as under:

The Board of Directors of the Company at Its meeting held on 19th April 2018 has taken on record the Basis of Allocation of Equity Shares approved by the Designated Stock Exchange viz. NSE and has authorized the corporate action for the transfer of the Equity Shares/ dispatch of share certificates to various successful applicants The allotment advice cum refund Intimation will be dispatched to the address of the Applicants as registered with the depositories Further the instructions to Self Certified Syndicate Banks being processed on or before 20th April, 2018. In case the same is not recerved within 10 days, investors may contact at the address given below. 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 is taking steps to got the Equity Shares admitted for trading on the EMERGE Platform of NSE within Six working days from the date of the closure of the Issue. The trading Is proposed to be commenced on or before 23rd April, 2018 subject to receipt of listing and trading approvals from National Stock Exchange of India Limited.

INVESTORS PLEASE NOTE
The details of the allotment made would also be Hosted on the website of the Registrar to the Issue. Skyline Financial Services Private Limited at All future correspondence In this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicants, serial number of the Application Form, number of shares applied for and ASBA Bank details at the address of the Registrar given below;

SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
4A9, Gundecha Onclave. Kherani Road. Sakinaka.Mumbai - 400 072
Tel No.: +91 22 2851 1022/6221 5779 Email: Mumbai@sky1inerta.com;
Investor Grievance Email; grievances@skylinerta.com;
Website: www.skylinerta.com SEBI Registration No.: INR000003241
Contact Person: Subhash Dhingreja