PNC Infratech Limited Public Offer opens on 8th May 2015

 Price Band fixed from Rs. 355 to Rs. 378 per Equity Share

PNC Infratech Limited (“PNC INFRATECH” or our “Company” or the “Company” or the “Issuer”) proposes to open on Friday, 8^th May, 2015, a public issue of up to 12,921,708 Equity Shares of face value of Rs. 10 each (the “Equity Shares”) 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 (the “Fresh Issue”) and an Offer for Sale of up to 1,421,708 Equity Shares (the “Offer For Sale”) by NYLIM JACOB BALLAS INDIA (FVCI) III LLC (THE “Selling Shareholder” or “NYLIM JB”).

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 Bid/Offer closes on Tuesday, 12^th May, 2015. The minimum Bid lot is 35 Equity Shares and in multiples of 35 Equity Shares thereafter. The Net offer shall constitute at least 25% 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 NSE and the BSE.

The Book Running Lead Managers (the “BRLMs”) to the Offer are ICICI Securities Limited and IDFC Securities Limited.

The Offer is being made through the Book Building Process in compliance with the provisions of Regulation 26(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended, (“SEBI ICDR Regulations”), wherein 50% of the Net Offer will be allotted on a proportionate basis to Qualified Institutional Buyers (“QIBs”) (the “QIB Category”) provided that the 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 Investor 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 to 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.

The Company is an Indian infrastructure construction, development and management company, with expertise in the execution of major infrastructure projects, including highways, bridges, flyovers, power transmission lines, airport runways, development of industrial areas and other infrastructure activities. It provides EPC services on a fixed-sum turnkey basis as well as on an item rate basis for various infrastructure projects. They also execute projects on a BOT (including on a DBFOT basis), operate them during the concession period on toll or annuity basis and subsequently transfer the projects. The company has executed or is executing projects across various states in India covering Rajasthan, Punjab, Haryana, Uttarakhand, Uttar Pradesh, Delhi, Bihar, West Bengal, Assam, Madhya Pradesh, Maharashtra, Karnataka and Tamil Nadu. The Company has executed 42 major infrastructure projects on an EPC basis, acquiring experience particularly in the timely execution of EPC contracts since its incorporation. They have an established track record in executing large construction projects particularly in the roads and highways and airport runways sectors. The Company’s order book in terms of total value of contracts including escalation was Rs. 78,497.00 million as on March 31, 2015 and Rs. 60,857.80 million as on March 31, 2014. In the nine month period ended December 31, 2014, the consolidated revenues were Rs. 13,263.71 million and consolidated PAT was Rs. 624.32 million. In fiscal 2014, the consolidated revenues were Rs. 13,642.43 million and consolidated PAT was Rs. 519.69 million