APR Constructions Limited - Saffron Capital

circulation and also by indicating the change on the website of the BRLMs, and at the terminals of the members
of the Syndicate.
c. Each Bid cum Application Form will give the Bidder the choice to bid for upto three optional prices (for details
refer to the paragraph entitled “Bids at Different Price Levels” below) within the Price Band and specify the
demand (i.e. the number of Equity Shares Bid for) in each option. The price and demand options submitted by the
Bidder in the Bid cum Application Form will be treated as optional demands from the Bidder and will not be
cumulated. After determination of the Issue Price, the maximum number of Equity Shares Bid for by a Bidder at
or above the Issue Price will be considered for allocation/Allotment and the rest of the Bid(s), irrespective of the
Bid Price, will become automatically invalid.
d. The Bidder cannot Bid on another Bid cum Application Form after his or her Bids on one Bid cum Application
Form have been submitted to any member of the Syndicate or the SCSBs. Submission of a second Bid cum
Application Form to either the same or to another member of the Syndicate or SCSBs will be treated as multiple
Bids and is liable to be rejected either before entering the Bid into the electronic bidding system, or at any point
of time prior to the allocation or Allotment of Equity Shares in this Issue. However, the Bidder can revise the Bid
through the Revision Form, the procedure for which is detailed under the paragraph titled “Build up of the Book
and Revision of Bids”.
e. The members of the Syndicate/ SCSBs will enter each Bid option into the electronic bidding system as a separate
Bid and generate a Transaction registration Slip (TRS), for each price and demand option and give the same to
the Bidder. Therefore, a Bidder can receive upto three TRSs for each Bid cum Application Form.
f. The BRLMs shall accept Bids from the Anchor Investors during the Anchor Investor Bid/ Issue Period i.e. one
Working Day prior to the Bid/ Issue Opening Date. Bids by QIBs under the Anchor Investor Portion and in the
Net QIB Portion shall not be considered as multiple Bids.
g. During the Bid/ Issue Period, Bidders (other than QIBs), who are interested in subscribing for the Equity Shares
may approach any of the members of the Syndicate to submit their Bid. The member of the Syndicate shall
accept Bids from all the Bidders and shall have the right to vet the Bids in accordance with the terms of the
Syndicate Agreement and the Draft Red Herring Prospectus. Bidders (other than Anchor Investors) who wish to
use the ASBA process should approach the Designated Branches of the SCSBs to register their Bids.
h. Along with the Bid cum Application Form, all Bidders (other than ASBA Bidders) will make payment in the
manner described under the paragraph titled "Payment Instructions” of the Draft Red Herring Prospectus.
i. Upon receipt of the ASBA Bid cum Application Form, submitted whether in physical or electronic mode, the
Designated Branch of the SCSB shall verify if sufficient funds equal to the Bid Amount are available in the
ASBA Account, as mentioned in the ASBA Bid cum Application Form, prior to uploading such Bids with the
Stock Exchanges.
j. If sufficient funds are not available in the ASBA Account, the Designated Branch of the SCSB shall reject such
Bids and shall not upload such Bids with the Stock Exchanges.
k. If sufficient funds are available in the ASBA Account, the SCSB shall block an amount equivalent to the Bid
Amount mentioned in the ASBA Bid cum Application Form and will enter each Bid option into the electronic
bidding system as a separate Bid and generate a TRS for each price and demand option. The TRS shall be
furnished to the ASBA Bidder on request.
l. The Bid Amount shall remain blocked in the aforesaid ASBA Account until finalisation of the Basis of Allotment
and consequent transfer of the Bid Amount against the Allotted Equity Shares to the Public Issue Account, or
until withdrawal/ failure of the Issue or until withdrawal/ rejection of the ASBA Bid cum Application Form, as
the case may be. Once the Basis of Allotment is finalized, the Registrar to the Issue shall send an appropriate
request to the Controlling Branch of the SCSB for unblocking the relevant ASBA Accounts and for transferring
the amount allocable to the successful Bidders to the Public Issue Account. In case of withdrawal/ failure of the
Issue, the blocked amount shall be unblocked on receipt of such information from the Registrar to the Issue.
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