APR Constructions Limited - Saffron Capital

and conditions that our Company and the BRLMs may deem fit. Our Company in our absolute discretion, reserve
the right to permit the holder of the power of attorney to request the Registrar to the Issue that for the purpose of
printing particulars on the refund order and mailing of the refund order/ CANs/ allocation advice, the
Demographic Details given on the Bid cum Application Form should be used (and not those obtained from the
Depository of the Bidder). In such cases, the Registrar to the Issue shall use Demographic Details as given in the
Bid cum Application Form instead of those obtained from the depositories.
Maximum and Minimum Bid Size
a) For Retail Individual Bidders: The Bid must be for a minimum of [●] Equity Shares and in multiples of [●]
Equity Share thereafter, so as to ensure that the Bid Amount payable by the Bidder does not exceed `2,00,000. In
case of revision of Bids, the Retail Individual Bidders have to ensure that the Bid Amount does not exceed
`2,00,000. In case the Bid Amount is over `2,00,000 due to revision of the Bid or revision of the Price Band or
on exercise of cut-off option, the Bid would be considered for allocation under the Non-Institutional Portion. The
option to Bid at Cut-off Price is an option given only to the Retail Individual Bidders indicating their agreement
to Bid and purchase at the Issue Price as determined at the end of the Book Building Process.
b) For Other Bidders (Non-Institutional Bidders and QIBs bidding in the QIB Portion): The Bid must be for a
minimum of such Equity Shares such that the Bid Amount exceeds `2,00,000 and in multiples of [●] Equity
Shares thereafter. A Bid cannot be submitted for more than the size of the Issue. However, the maximum Bid by
a QIB should not exceed the investment limits prescribed for them by the regulatory or statutory authorities
governing them. Under SEBI (ICDR) Regulations, a QIB Bidder cannot withdraw its Bid after the Bid/
Issue Closing Date, as applicable and is required to pay the entire Bid Amount upon submission of Bid. In
case of revision in Bids, the Non-Institutional Bidders, who are individuals, have to ensure that the Bid Amount
is greater than `2,00,000 to be considered for allocation in the Non-Institutional Portion. In case the Bid Amount
reduces to `2,00,000 or less due to a revision in the Bids or a revision in the Price Band, Bids by Non-
Institutional Bidders who are eligible for allocation in the Non-Institutional Portion would be considered for
allocation under the Retail Portion. Non-Institutional Bidders and QIB Bidders are not allowed to Bid at Cut-off
Price.
c) For Bidders in the Anchor Investor Portion: Only QIBs can participate in the Anchor Investor Portion. The
Bid must be for a minimum of such number of Equity Shares such that the Bid Amount is for `1000 lakhs or
more and in multiples of [•] Equity Shares thereafter. Bids by Anchor Investors under the Anchor Investor
Portion and in the Net QIB Portion shall not be considered as multiple Bids. A Bid cannot be submitted for more
than 30% of the QIB Portion. Anchor Investors cannot withdraw their Bids after the Anchor Investor Bid/
Issue Period and are required to pay the entire Bid amount at the time of submission of the Bid. If the
Issue Price is higher than the Anchor Investor Issue Price, the additional amount being the difference
between the Issue Price and the Anchor Investor Issue Price shall be paid by the Anchor Investors as per
the pay-in date mentioned in the revised Anchor Investor Allocation Notice. If the Issue Price is lower than
the Anchor Investor Issue Price, the Allotment to Anchor Investors shall be at the Anchor Investor Issue
Price.
The maximum and minimum bid size applicable to a QIB, Retail Individual Bidder or a Non-Institutional Bidder shall
be applicable to an ASBA Bidder in accordance with the category that such ASBA Bidder falls under.
Bidders are advised to make independent queries to ensure that any single Bid from them does not exceed the
investment limits or maximum number of Equity Shares that can be held by them under applicable law or
regulation or as specified in the Draft Red Herring Prospectus.
Information for the Bidders:
1. Our Company, and the BRLMs shall declare the Bid/Issue Opening Date and Bid/Issue Closing Date in the Red
Herring Prospectus to be registered with the RoC and also publish the same in two national daily newspapers
(one each in English and Hindi) and in one Telugu daily newspaper with wide circulation. The advertisement
should be in prescribed format.
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