Millennium Post

PNC Infratech public offer: Price band fixed at `355 to `378 per equity share

PNC Infratech Ltd has proposed to open on Friday, 8th May, 2015, a public issue of up to 12,921,708 equity shares of face value Rs 10 each including a share premium per equity share (the “offer”). 

The price band is fixed from Rs 355 to Rs 378 per equity share. The offer comprises a fresh issue to the public of up to 11,500,000 equity shares by the company and an offer for sale of up to 1,421,708 equity shares by Nylim Jacob Ballas India (FVCI) III Llc.  

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 portion is referred to as the “net offer” aggregating up to 12,871,708 equity shares. 

The offer closes on Tuesday, 12 May, 2015. The minimum bid lot is 35 equity shares and in multiples of 35 equity shares thereafter. The net offer would constitute at least 25 per cent of the post-offer paid up equity share capital of the company. 

The equity shares offered through the Red Herring prospectus are proposed to be listed on the National Stock Exchange  and the BSE.

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