APR Constructions Limited - Saffron Capital

(g)
(h)
(i)
(j)
(k)
In case of a downward revision in the Price Band, announced as above, Retail Individual Bidders, who have
bid at Cut-off Price could either revise their Bid or the excess amount paid at the time of bidding would be
refunded from the Refund Account.
Our Company in consultation with the BRLMs, shall decide the minimum number of Equity Shares for each
Bid to ensure that the minimum application value is within the range of ` 5,000 to ` 7,000. . In the event of
revision in the price band, whether upward or downward, the minimum bid size will remain [●] Equity Shares
irrespective of whether the Bid amount payable on such minimum bid is in the range of Rs.5,000 to Rs.7000.
Any revision of the Bid shall be accompanied by payment in the form of cheque or demand draft for the
incremental amount, if any, to be paid on account of the upward revision of the Bid. The excess amount, if any,
resulting from downward revision of the Bid would be returned to the Bidder at the time of refund in
accordance with the terms of the Red Herring Prospectus. With respect to the ASBA Bids, if revision of the
Bids results in an incremental amount, the relevant SCSB shall block the additional Bid amount. In case of
Bids, other than ASBA Bids, the members of the Syndicate shall collect the payment in the form of cheque or
demand draft if any, to be paid on account of upward revision of the Bid at the time of one or more revisions.
In such cases, the members of the Syndicate will revise the earlier Bid details with the revised Bid and provide
the cheque or demand draft number of the new payment instrument in the electronic book. The Registrar to the
Issue will reconcile the Bid data and consider the revised Bid data for preparing the Basis of Allotment.
When a Bidder revises his or her Bid, he or she shall surrender the earlier TRS and get a revised TRS from the
member of the Syndicate or SCSBs, as applicable. It is the responsibility of the Bidder to request for and obtain
the revised TRS, which will act as proof of his or her having revised the previous Bid.
The Syndicate Members may modify selected fields (viz. DP ID and Client ID) in the Bid details already
uploaded upto one Working Day post the Bid/ Issue Closing Date.
Price Discovery and Allocation
After the Bid/ Issue Closing Date, the BRLMs will analyse the demand generated at various price levels and discuss
pricing strategy with our Company. Our Company, in consultation with the BRLMs, shall finalise the Issue Price, the
number of Equity Shares to be allotted and the allocation to successful Bidders.
(a) Not more than 50% of the Issue (including 5% of Net QIB Portion specifically reserved for Mutual Funds) would
be available for allocation on a proportionate basis to QIBs after consultation with Designated Stock Exchange,
subject to valid Bids being received 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.
(b) Not less than 15% and not less than 35% of the Issue, would be available for allocation on a proportionate basis
to Non-Institutional Bidders and Retail Individual Bidders, respectively, in consultation with Designated Stock
Exchange, subject to valid Bids being received at or above the Issue Price.
(c) Under-subscription, if any, in any category, would be allowed to be met with spill over from any of the other
categories or a combination of categories, at the discretion of our Company in consultation with the BRLMs and
the Designated Stock Exchange. However, if the aggregate demand by Mutual Funds is less than []Equity
Shares, the balance Equity Shares available for allocation in the Mutual Fund Portion will first be added to the
QIB Portion and be allocated proportionately to the QIB Bidders. In the event that the aggregate demand in the
QIB Portion has not been met, under-subscription, if any, would be allowed to be met with spill over from any
other category or combination of categories at the discretion of our Company, in consultation with the BRLMs.
(d) Allocation to Anchor Investors shall be at the discretion of our Company in consultation with the BRLMs,
subject to compliance with the SEBI (ICDR) Regulations. In the event of under-subscription in the Anchor
Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion.
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