APR Constructions Limited - Saffron Capital

Our Company, in consultation with the BRLMs reserves the right to revise the Price Band during the Bid/Issue Period
in accordance with the SEBI (ICDR) Regulations provided that the Cap Price is less than or equal to 120% of the Floor
Price. The Floor Price can be revised up or down to a maximum of 20% of the Floor Price as originally disclosed at
least two Working Days before the Bid /Issue Opening Date.
In case of revision of the Price Band, the Issue Period will be extended for three additional Working Days after revision
of the Price Band subject to the total Bid /Issue Period not exceeding 10 Working Days. Any revision in the Price Band
and the revised Bid/Issue, if applicable, will be widely disseminated by notification to the BSE and the NSE, by issuing
a press release and also by indicating the changes on the web sites of the BRLMs and at the terminals of the Syndicate
and to the SCSBs. In the event of any revision in the Price Band the minimum application size shall remain [●] Equity
Shares, subject to the Bid Amount payable on such minimum application being in the range of `5,000 to `7,000.
MINIMUM SUBSCRIPTION
In the event our Company does not receive the minimum subscription of 90% of the Issue, including devolvement of
underwriters within 60 days from the Bid/Issue Closing Date, our Company shall forthwith refund the entire
subscription amount received. If there is a delay beyond 8 days after we become liable to pay the amount, our
Company and every director of our Company who is an officer in default, becomes liable to repay the amount with
interest as per Section 73 of the Companies Act, 1956.
Further, in accordance with Rule 19(2)(b)(i) of the SCRR read with Regulation 26(4) of the SEBI (ICDR)
Regulations, our Company shall ensure that the number of Allottees under the Issue shall not be less than 1,000,
failing which the entire application money will be refunded forthwith.
ARRANGEMENTS FOR DISPOSAL OF ODD LOTS
Our Company's Equity Shares will be traded in dematerialized form only. Marketable lot is one Equity Share. Hence
there is no possibility of odd lots.
RESTRICTIONS ON TRANSFER OF SHARES
Except for the lock-in of the post-Issue Equity Shares forming the Promoters' contribution in the Issue and the balance
pre-Issue share capital of our Company as detailed in "Capital Structure" beginning on page 48 of this Draft Red
Herring Prospectus, there are no restrictions on the transfer and transmission of shares and on their consolidation/
splitting except as provided for in our Articles. Please see the section titled “Main Provisions of the Articles of
Association” beginning on page 248 of this Draft Red Herring Prospectus.
OPTION TO RECEIVE SECURITIES IN DEMATERIALIZED FORM
Equity Shares being offered through this Draft Red Herring Prospectus can be applied for and will be allotted in
dematerialized form only.
APPLICATION BY ELIGIBLE NRIS, FIIS AND FOREIGN VENTURE CAPITAL FUNDS REGISTERED
WITH SEBI
As per the extant policy of the Government of India, OCBs cannot participate in this Issue. The current
provisions of the Foreign Exchange Management (Transfer or Issue of Security by a Person Resident outside India)
Regulations, 2000, there exists a general permission for the NRIs, FIIs and foreign venture capital investors registered
with SEBI to invest in shares of Indian companies by way of subscription in an IPO. However, such investments
would be subject to other investment restrictions under the Foreign Exchange Management (Transfer or Issue of
Security by a Person Resident outside India) Regulations, 2000, RBI and/ or SEBI (ICDR) Regulations as may be
applicable to such investors. It is to be distinctly understood that there is no reservation for NRIs, FIIs or FCVIs
registered with SEBI, applicants will be treated on the same basis with other categories for the purpose of allocation.
The allotment of the Equity Shares to Non-Residents shall be subject to the conditions, if any, as may be prescribed
by the Government of India/RBI while granting such approvals.
208