APR Constructions Limited - Saffron Capital

ISSUE PROCEDURE
This section applies to all Bidders. Please note that all Bidders, other than Anchor Investors can participate in the
Issue through the ASBA process. ASBA Bidders should note that the ASBA process involves application procedures
that are different from the procedure applicable to Bidders other than the ASBA Bidders. Bidders applying through
the ASBA process should carefully read the provisions applicable to such applications before making their application
through the ASBA process. Please note that all the Bidders are required to make payment of the full Bid Amount or
instruct the relevant SCSB to block the full Bid Amount at the time of submission of Bid.
Our Company and the BRLMs are not liable for any amendments, modifications, or changes in applicable laws or
regulations, which may occur after the date of this Draft Red Herring Prospectus.
BOOK BUILDING PROCEDURE
The Issue is being made through the Book Building Process wherein upto 50% of the Issue will be allocated on a
proportionate basis to Qualified Institutional Buyers (“QIBs”). 5% out of the Net QIB portion shall be made available
for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a
proportionate basis to QIBs, including Mutual Funds, subject to valid Bids being received from them at or above the
Issue Price. Upto 30% of the QIB Portion shall be available for allocation to Anchor Investors and one-third of the
Anchor Investor Portion shall be available for allocation to domestic Mutual Funds.In the event of under-subscription
in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further, not less than
15% of the Issue shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less
than 35% of the Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to
valid Bids being received at or above the Issue Price. Allocation to Anchor Investors shall be on a discretionary basis
and not on a proportionate basis.
All Bidders, other than ASBA Bidders are required to submit their Bids through the Syndicate. ASBA Bidders are
required to submit their Bids to the SCSBs. Bids by QIBs will only have to be submitted through BRLM or its
affiliates or the Syndicate Members. The QIBs who bid through the ASBA process shall submit their Bids to the
designated branch of the SCSBs and should intimate the BRLMs. Our Company, in consultation with the BRLMs
reserve the right to reject any QIB Bid procured by any or all members of the Syndicate provided the rejection is at
the time of receipt of such Bids and the reason for rejection of the Bid is communicated to the Bidder at the time of
rejection of the Bid. In the cases of Non-Institutional Bidders and Retail Individual Bidders, our Company will have a
right to reject the Bids only on technical grounds.
Investors should note that the Equity Shares will be allotted to all successful Bidders only in dematerialised
form. The Bid cum Application Forms which do not have the details of the Bidders‟ depository account,
including the DP ID Numbers and the beneficiary account number, shall be treated as incomplete and rejected.
Bid cum Application Forms which do not have the details of the Bidders‟ PAN, (other than Bids made on
behalf of the Central and the State Governments, residents of the state of Sikkim and official appointed by the
courts) shall be treated as incomplete and are liable to be rejected. Bidders will not have the option of being
Allotted Equity Shares in physical form. The Equity Shares on Allotment shall be traded only in the
dematerialised segment of the Stock Exchanges.
ASBA Process
In accordance with the SEBI (ICDR) Regulations, all Bidders (including QIB Bidders) can participate in the Issue
through the ASBA process. ASBA Bidders shall submit an ASBA Bid-cum-Application Form either (i) in physical
form to the Designated Branch of an SCSB or (ii) in electronic form through the internet banking facility offered by an
SCSB authorizing blocking of funds that are available in the bank account (“ASBA Account”) specified in the ASBA
Bid-cum- Application Form used by ASBA Bidders. The SCSB shall block an amount equal to the Bid Amount in the
ASBA Account, on the basis of an authorization to this effect given by the account holder at the time of submitting the
Bid. The ASBA data shall be uploaded by the SCSB in the electronic bidding system of the Stock Exchanges. The Bid
Amount shall remain blocked in the ASBA Account until approval of the basis of Allotment in the Issue by the
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