KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

) The balance net offer of Equity Shares to the public shall be made available for allotment to:
i) individual applicants other than retail individual investors, and;
ii) other investors including Corporate bodies/ institutions irrespective of the number of shares,
debentures, etc. applied for.
c) The unsubscribed portion of the net offer to any one of the categories specified in (a) or (b) shall / may be made
available for allotment to applicants in the other category, if so required.
The drawal of lots (where required) to finalize the basis of allotment, shall be done in the presence of a public
representative on the Governing Board of BSE (designated stock exchange).
The basis of allotment shall be signed as correct by the Executive Director/Managing Director of
BSE(designated stock exchange) and the public representative in addition to the Lead Manager and the Registrar to
the Issue.
Letters of Allotment or Refund Orders
The Company shall give credit to the Beneficiary Account with Depository Participants within two (2) working days
of finalisation of the basis of allotment of Equity Shares. The Company Shall dispatch refund orders, if any, of value
up to Rs.1,500, by “Under Certificate of Posting”, and will dispatch refund orders above Rs.1,500, if any , by registered
post or speed post at the sole or first applicant’s sole risk. The Company shall ensure that all steps for the completion
of the necessary formalities for listing and commencement of trading at the Stock Exchanges mentioned above are
taken within 7 working days of finalization of the Basis of Allotment for the Issue.
In accordance with the Companies Act, the requirements of the Stock Exchange and the SEBI Guidelines, the
Company further undertakes that:
Allotment of Equity Shares will be made within 30 days from the Issue closing date
Dispatch of refund orders will be done within 30 days from the Issue closing date
The Company shall pay interest at 15% per annum (for delay beyond 30 day time as mentioned above), if
refund orders are not dispatched and/or demat credit are not made to investors within the 30 day time
prescribed above.
The Company will provide adequate funds required for dispatch of refund orders or allotment advice to the
Registrar to the Issue.
Refunds will be made by cheques or pay-orders drawn on the bank(s) appointed by the Company, as refund
banker(s). Such instruments will be payable at par at the places where applications are accepted. Bank charges,
if any, for encashing such cheques or pay orders will be payable by the applicant.
Despatch of Refund Orders
The Company shall ensure despatch of Refund Orders of value up to Rs.1500/- Under Certificate of Posting &
Refund Orders of value over Rs.1500/- and Share Certificates by Registered Post only. Further, adequate funds for
the said purpose shall be made available to the Registrar by the Company.
Interest in Case of Delay in Dispatch of Allotment Letters / Refund Orders
The Company agrees that as far as possible allotment of Equity Shares offered to the public shall be made within
30 days of the closure of Public Issue. The Company further agrees that it shall pay interest @15% per annum if the
allotment letters/ refund orders have not been despatched to the applicants within 30 days from the date of the
closure of the Issue. However applications received after the closure of Issue in fulfillment of underwriting obligations
to meet the minimum subscription requirement, shall not be entitled for the said interest.
Undertaking by the Company:
The Company undertakes:
i. that the complaints received in respect of the Issue shall be attended to by the Company expeditiously and
satisfactorily.
ii. that all steps for completion of the necessary formalities for listing and commencement of trading at all stock
exchanges where the Equity Shares are to be listed are taken within seven working days of finalisation of
basis of allotment.
iii. that the funds required for despatch of refund orders/ allotment letters/certificates by registered post shall be
made available to the Registrar to the Issue by the Company.
iv. that the promoter’s contribution in full, wherever required, shall be brought in advance before the Issue opens
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