KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

of the Stabilisation Period allot, new Equity Shares in dematerialized form for the number equal to such
shortfall to the credit of the GSO Demat Account. The newly issued Equity Shares shall be returned by the
Stabilising Agent to the Green Shoe Lender in lieu of the Over Allotment Shares, within two working days of
them being credited into the GSO Demat Account, time being of essence in this regard.
(viii) Upon the return of Equity Shares to the Green Shoe Lender pursuant to and in accordance with sub-clauses
(vi) and (vii) above, the Stabilising Agent shall close the GSO Demat Account.
(ix) The Equity Shares returned to the Green Shoe Lender shall be subject to remaining lock-in-period, if any, as
provided in the SEBI Guidelines.
5. GSO Bank Account
The Stabilising Agent shall remit from the GSO Bank Account to the Green Shoe Lender, an amount, in Rupees,
equal to the number of Equity Shares allotted by us to the GSO Demat Account at the Issue Price. The amount left
in this account, if any, after this remittance and deduction of expenses and net of taxes, if any, , shall be transferred
to the investor protection fund of the Stock Exchanges in equal parts. Upon the return of Equity Shares to the Green
Shoe Lender pursuant to and in accordance with sub-clauses (vi) and (vii) of clause 4 or the procedure for over
allotment and stabilisation or transfer for the Green Shoe Option, the GSO Bank Account shall be closed by the
Stabilising Agent.
6. Reporting
During the Stabilisation Period, the Stabilising Agent shall submit a report to the BSE and the NSE on a daily basis.
The Stabilising Agent shall also submit a final report to SEBI in the format prescribed in Schedule XXIX of the SEBI
Guidelines. This report shall be signed by the Stabilising Agent and us and be accompanied by the depository
statement for the GSO Demat Account for the Stabilisation Period indicating the flow of shares into and from the
GSO Demat Account. If applicable, the Stabilising Agent shall, along with the report give an undertaking countersigned,
if required by the respective depositories of the GSO Demat Account and the Lender regarding confirmation
of lock-in on the Equity Shares returned to the Lender in lieu of the Over-Allotment Shares.
7. Rights and Obligations of the Stabilising Agent
(i) Open a special bank account which shall be the GSO Bank Account under the name of “Special Account for
GSO proceeds of Kamdhenu Ispat Limited” and deposit the monies received for the Over Allotment Shares, in
the GSO Bank Account.
(ii) Open a special account for securities which shall be the GSO Demat Account under the name of “Special
Account for GSO shares of Kamdhenu Ispat Limited” and credit the Equity Shares bought by the Stabilising
Agent, if any, during the Stabilisation Period to the GSO Demat account.
(iii) Stabilise the market price as per the SEBI Guidelines, only in the event of the market price falling below the
Issue Price, including inter alia the determination of the price at which such Equity Shares are to be bought and
the timing of such purchase.
(iv) On or prior to Bid/ Issue Closing Date, to request the Green Shoe Lender to lend the Loaned Shares and to
transfer funds from the GSO Bank Account to Green Shoe Lender within a period of five working days of close
of the Stabilisation Period.
(v) The Stabilising Agent, at its discretion, would decide the quantity of Equity Shares to be purchased, the purchase
price and the timing of purchase. The Stabilising Agent, at its discretion, may spread orders over a
period of time or may not purchase any Equity Shares under certain circumstances where it believes purchase
of Equity Shares may not result in stabilisation of market price.
(vi) Further, the Stabilising Agent does not give any assurance that would be able to maintain the market price at or
above the Issue Price through stabilization activities.
(vii) On expiry of the Stabilisation Period, to return the Equity Shares to the Green Shoe Lender either through
market purchases as part of stabilising process or through issue of fresh Equity Shares by us.
(viii) To submit daily reports to the Stock Exchanges during the Stabilisation Period and to submit a final report to
SEBI.
(ix) To maintain a register of its activities and retain the register for three years.
(x) To transfer net gains on account of market purchases in the GSO Bank Account net of all expenses and net of
taxes, if any, equally, to the investor protection funds of the Stock Exchanges.
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