APR Constructions Limited - Saffron Capital

The Bids made by the asset management companies or custodians of Mutual Funds shall specifically state the names
of the concerned schemes for which the Bids are made. In case of a Mutual Fund, a separate Bid can be made in
respect of each scheme of the Mutual Fund registered with the SEBI and such Bids in respect of more than one
scheme of the Mutual Fund will not be treated as multiple Bids provided that the Bids clearly indicate the scheme for
which the Bid has been made.
No mutual fund scheme shall invest more than 10% of its net asset value in the equity shares or equity related
instruments of any company provided that the limit of 10% shall not be applicable for investments in index
funds or sector or industry specific funds. No mutual fund under all its schemes should own more than 10% of
any company‟s paid-up share capital carrying voting rights. These limits would have to be adhered to by the
mutual funds for investment in this Issue. In case of a mutual fund, a separate Bid can be made in respect of
each scheme of the mutual fund registered with SEBI and such Bids in respect of more than one scheme of the
mutual fund will not be treated as multiple Bids provided that the Bids clearly indicate the scheme concerned
for which the Bid has been made.
Bids by Non Residents
There is no reservation for Non Residents, including Eligible NRIs, FIIs and FVCIs. All Non Residents,
including Eligible NRIs, FII and FVCIs will be treated on the same basis with other categories for the purpose
of allocation.
Bids by Eligible NRIs
Bid cum Application forms ([•] in colour) have been made available for Eligible NRIs applying on a repatriation
basis at the Registered Office of our Company, the BRLMs, Syndicate Members and with select members of the
Syndicate.
Eligible NRIs may please note that only such applications as are accompanied by payment in free foreign exchange or
by debit to their Non Resident External (NRE)/ Foreign Currency Non Resident (FCNR) accounts shall be considered
for Allotment under the Eligible NRI category on repatriable basis. The NRIs who intend to make payment through
Non-Resident Ordinary (NRO) i.e. on non-repatriation basis accounts shall use the Bid cum Application Form meant
for Resident Indians ([•] in colour) and shall not use the forms meant for Eligible NRIs ([•] in colour). All
instruments accompanying bids shall be payable in Mumbai only.
Bids by Eligible NRIs for a Bid Amount of up to `2,00,000 would be considered under the Retail Portion for the
purposes of allocation and Bids for a Bid Amount of more than `2,00,000 would be considered under Non-
Institutional Portion for the purposes of allocation.
Bids by FIIs
As per the current regulations, the following restrictions are applicable for investments by FIIs:
The Issue of Equity Shares to a single FII should not exceed 10% of the total post Issue paid-up capital of our
Company. In respect of an FII investing in Equity Shares of our Company on behalf of its sub-accounts, the
investment on behalf of each sub-account shall not exceed 10% of the total post Issue paid-up capital of our Company
or 5% of our total post Issue paid-up capital in case such sub-account is a foreign corporate or foreign individual.
In accordance with the foreign investment limits applicable to us, the total foreign investments including FII
investment currently cannot exceed 24% of the total issued capital of our Company. With the approval of the Board of
Directors and the shareholders by way of a special resolution, the aggregate FII holding can go up to 100% of the post
issue paid up capital of our Company.
A sub account of a FII which is a foreign corporate or foreign individual shall not be considered to be a Qualified
Institutional Buyer, as defined under the SEBI (ICDR) Regulations, for this Issue.
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