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APR Constructions Limited - Saffron Capital

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The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended<br />

(the “Securities Act”) or any state securities laws in the United States and may not be offered or sold within the<br />

United States or to, or for the account or benefit of, “U.S. persons” (as defined in Regulation S under the<br />

Securities Act). The Equity Shares shall be sold only outside the United States in compliance with Regulation S<br />

of Securities Act and the applicable laws of the jurisdiction where those offers and sales occur.<br />

The above information is given for the benefit of the Bidders. The Bidders are advised to make their own<br />

enquiries about the limits applicable to them. Our Company and the BRLMs do not accept any responsibility for<br />

the completeness and accuracy of the information stated hereinabove. Our Company and the BRLMs are not<br />

liable to inform the investors of any amendments or modifications or changes in applicable laws or regulations,<br />

which may occur after the date of the Draft Red Herring Prospectus. Bidders are advised to make their<br />

independent investigations and ensure that the number of Equity Shares Bid for do not exceed the applicable<br />

limits under laws or regulations.<br />

Bidders are advised to make their independent investigations and ensure that the number of Equity Shares Bid<br />

for do not exceed the applicable limits under laws or regulations.<br />

WITHDRAWAL OF THIS ISSUE<br />

Our Company, in consultation with the BRLMs, reserves the right not to proceed with the Issue after the Bid/ Issue<br />

Opening Date but before Allotment, and if so, the reason thereof shall be given as a public notice within two days of<br />

the closure of the Issue. The public notice shall be issued in the same newspapers where the pre- issue advertisement<br />

had appeared. The Stock Exchanges where the specified securities were proposed to be listed shall also be informed<br />

promptly. The BRLMs, through the Registrar to the Issue, shall notify the SCSBs to unblock the bank accounts of the<br />

ASBA Bidders within one day of receipt of such notification. Our Company shall also promptly inform the Stock<br />

Exchanges on which the Equity Shares were proposed to be listed. If our Company withdraws the Issue after the<br />

closure of bidding, our Company shall be required to file a fresh draft red herring prospectus with SEBI.<br />

Any further issue of Equity Shares by our Company shall be in compliance with applicable laws.<br />

Notwithstanding the foregoing, the Issue is also subject to obtaining (i) the final listing and trading approvals of the<br />

Stock Exchanges, which our Company shall apply for after Allotment. (ii) the final RoC approval of the Prospectus<br />

after it is filed with the Stock Exchanges.<br />

In the event of withdrawal of the Issue anytime after the Bid/Issue Opening Date but before the allotment of Equity<br />

Shares, our Company will forthwith repay, without interest, all monies received from the applicants in pursuance of<br />

the Red Herring Prospectus. If such money is not repaid within eight (8) Working Days after our Company become<br />

liable to repay it, i.e. from the date of withdrawal, then our Company and every Director of our Company who is an<br />

officer in default shall, on and from such expiry of eight (8) Working Days, be liable to repay the money, with interest<br />

at the rate of 15% per annum on application money.<br />

209

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