GAMMON INDIA LIMITED

ank). The QIB will be required to deposit the entire amount payable for the Equity Shares allocated to it by the
Pay-In Date as mentioned in the respective CAN.
If the payment is not made favouring the Escrow Bank Account within the time stipulated in the CAN, the
Application Form and the CAN of the QIB are liable to be cancelled.
In case of cancellations or default by the QIBs, the Company and the Joint Global Co-ordinators have the right to
reallocate the Equity Shares at the Issue Price among existing or new QIBs at their sole and absolute discretion,
subject to the compliance with the requirement of ensuring that the Application Forms are sent to not more than 49
QIBs.
Payment Instructions
The payment of application money shall be made by the QIBs in the name of ―Gammon India Limited – QIP
Escrow Account‖ as per the payment instructions provided in the CAN.
QIBs may make payment only through electronic fund transfer.
Note: Payment of the amounts through outstation cheques are liable to be rejected.
Designated Date and Allotment of Equity Shares
1. The Equity Shares will not be Allotted unless the QIBs pay the Issue Price to the Escrow Bank Account as
stated above.
2. In accordance with the SEBI Regulations, Equity Shares will be issued and Allotment shall be made only in the
dematerialized form to the Allottees. Allottees will have the option to re-materialize the Equity Shares, if they
so desire, as per the provisions of the Companies Act and the Depositories Act.
3. The Company, at its sole discretion, reserves the right to cancel the Issue at any time up to Allotment without
assigning any reasons whatsoever.
4. Following the Allotment and credit of Equity Shares into the QIBs Depository Participant account, the
Company will apply for final trading and listing approvals from the Stock Exchanges.
5. In the unlikely event of any delay in the Allotment or credit of Equity Shares, or receipt of trading or listing
approvals or cancellation of the Issue, no interest or penalty would be payable by the Company.
6. The Escrow Bank shall not release the monies lying to the credit of the Escrow Bank Account to the Company,
until such time as the Company delivers to the Escrow Bank documentation regarding the final approval of the
Stock Exchanges, for the listing and trading of the Equity Shares issued pursuant to the Issue.
After finalization of the Issue Price, the Company shall update the Preliminary Placement Document with the Issue
details and file the same with the Stock Exchanges as the Placement Document.
Submission to SEBI
The Company shall submit the Placement Document to SEBI within 30 days of the date of Allotment for record
purposes.
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