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PG Electroplast Limited — Capital/Financing Update 2024
Dec 10, 2024
61393_rns_2024-12-10_1e2b2e28-d390-450f-b017-ea5fb9c3fe86.pdf
Capital/Financing Update
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December 10, 2024
To, The Manager The General Manager Listing Department Department of Corporate Services National Stock Exchange of India BSE Limited Limited Phiroze Jeejeebhoy Towers, Dalal Street Exchange Plaza, C-1, Block-G Mumbai - 400 001 Bandra Kurla Complex Bandra East Mumbai - 400 051
Scrip Code: 533581
Symbol: PGEL
Dear Sir/Madam,
Re: Qualified institutions placement (“QIP” or “Issue”) of equity shares of face value of ₹ 1 each (the “Equity Shares”) to qualified institutional buyers (“QIBs”)
Sub: Outcome of the meeting of the QIP Committee – 2022-23
In furtherance to our earlier intimation dated December 9, 2024, with respect to the Issue which opened on December 4, 2024 and closed on December 9, 2024, we wish to inform you that the QIP Committee – 2022-23 of the Company at its meeting held today, i.e. December 10, 2024, approved the issue and allotment of 2,14,59,218 Equity Shares, to eligible QIBs at the issue price of ₹ 699/- per Equity Share (including a premium of ₹ 698/- per Equity Share, (which includes a discount of ₹ 6.18/- i.e., 0.88 % of the floor price, as determined in terms of SEBI ICDR Regulations) aggregating to ₹ 14,999.99 million (Rupees Fourteen Thousand Nine Hundred and Ninety Nine and Ninety Nine Paisa Only), pursuant to the QIP.
Pursuant to the allotment of Equity Shares under the QIP, the paid-up equity share capital of the Company stands increased from ₹ 261,634,440 consisting of 261,634,440 Equity Shares to ₹ 28,30,93,658 consisting of 28,30,93,658 Equity Shares each. The shareholding pattern of the Company before and after the Issue, will be submitted along with listing application in the format specified in Regulation 31 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The QIP Committee – 2022-23 meeting commenced at 12:00 p.m. and the meeting was concluded at 12:25 p.m.
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Further find attached herewith the list of allottees who have been allotted more than 5 per cent of the Equity Shares of the Issue size marked as Annexure A .
We request you to take the above on record pursuant to compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Thanking you, Yours faithfully
For PG Electroplast Limited SANCHAY Digitally signed by SANCHAY DUBEY DUBEY Date: 2024.12.10 12:31:25 +05'30' (Sanchay Dubey) Company Secretary
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ANNEXURE A
LIST OF ALLOTTEES WHO HAVE BEEN ALLOTTED MORE THAN 5 PER CENT OF THE EQUITY SHARES OFFERED IN THE QUALIFIED INSTITUTIONS PLACEMENT
| Sr. No. |
Name of Allottees | Category | Number of Equity Shares Allotted |
% of total Equity Shares offered in the Issue |
|---|---|---|---|---|
| 1 | MOTILAL MF | 42,91,845 | 20.00 |
|
| a) | MOTILAL OSWAL FLEXI CAP FUND | MF | 28,61,230 | 13.33 |
| b) | MOTILAL OSWAL MULTI CAP FUND | MF | 10,72,961 | 5.00 |
| c) | MOTILAL OSWAL BUSINESS CYCLE FUND | MF | 3,57,654 | 1.67 |
| 2 | NIPPON MF | 20,74,391 | 9.67 |
|
| a) | NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA SMALL CAP FUND |
MF | 12,96,494 | 6.04 |
| b) | NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA VALUE FUND |
MF | 7,77,897 | 3.63 |
| 3 | KOTAK | 20,74,391 | 9.67 |
|
| a) | KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MULTICAP FUND |
MF | 10,91,785 | 5.09 |
| b) | KOTAK TAX SAVER SCHEME | MF | 4,36,714 | 2.04 |
| c) | KOTAK MAHINDRA TRUSTEE CO LTD A/C KOTAK MANUFACTURE IN INDIA FUND |
MF | 2,91,143 | 1.36 |
| d) | KOTAK INDIA EQCONTRA FUND | DII | 2,54,749 | 1.19 |
| 4 | AXIS | 20,74,391 | 9.67 |
|
| a) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS SMALL CAP FUND |
MF | 9,77,927 | 4.56 |
| b) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS MULTICAP FUND |
DII | 3,45,732 | 1.61 |
| c) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS INDIA MANUFACTURING FUND |
DII | 2,96,342 | 1.38 |
| d) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS CONSUMPTION FUND |
MF | 1,97,561 | 0.92 |
| e) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS BUSINESS CYCLES F |
MF | 98,781 | 0.46 |
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| 0.28 0.23 0.14 0.09 6.79 6.79 6.67 6.67 |
|||||
|---|---|---|---|---|---|
| f) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS RETIREMENT FUND -AGGRESSIVE PLAN |
DII | 59,268 | 0.28 | |
| g) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS VALUE FUND |
DII | 49,390 | 0.23 | |
| h) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS RETIREMENT FUND -DYNAMIC PLAN |
FII | 29,634 | 0.14 | |
| i) | AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL FUND A/C AXIS AGGRESSIVE HYBRID FUND |
MF | 19,756 | 0.09 | |
| 5 | WHITEOAK MF | 14,56,929 | 6.79 | ||
| a) | ASHOKA WHITEOAK ICAV - ASHOKA WHITEOAK INDIA OPPORTUNITIES FUND |
MF | 14,56,929 | 6.79 | |
| 6 | ICICI PRUDENTIAL MF | 14,30,615 | 6.67 | ||
| a) | ICICI PRUDENTIAL FLEXICAP FUND | MF | 14,30,615 | 6.67 |
For PG Electroplast Limited SANCHA Digitally signed by SANCHAY DUBEY Y DUBEY Date: 2024.12.10 12:31:50 +05'30' (Sanchay Dubey) Company Secretary
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