APR Constructions Limited - Saffron Capital

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(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. 226
(e) Allocation to Eligible NRIs or FIIs or Foreign Venture <strong>Capital</strong> Investor registered with SEBI, Multilateral and Bilateral Development Financial Institutions applying on repatriation basis will be subject to applicable laws, rules, regulations, guidelines and approvals. (f) Our Company reserves the right to cancel the Issue any time after the Bid/ Issue Closing Date but before Allotment and the reasons thereof shall be given as a public notice within two days of the cancellation of the Bid/ Issue Closing Date. The public notice will be issued in the same newspapers where the statutory pre-Issue advertisements had appeared. Further the Stock Exchanges will also be informed promptly. (g) In terms of SEBI (ICDR) Regulations, QIB Bidders bidding in the QIB Portion shall not be allowed to withdraw their Bid after the Bid/ Issue Closing Date. Further the Anchor Investors shall not be allowed to withdraw their Bids after the Anchor Investor Bid/ Issue Period. (h) If the Issue Price is higher than the Anchor Investor Allocation Price, the additional amount shall be paid by the Anchor Investors. However, if the Issue Price is lower than the Anchor Investor Allocation Price, the difference shall not be payable to the Anchor Investors. (i) The Basis of Allotment details shall be put up on the website of the Registrar to the Issue. (j) Our Company in consultation with the BRLMs, reserves the right to reject any Bid procured from QIBs. Rejection of Bids by QIBs bidding in the QIB Portion, if any will be made at the time of submission of Bids provided that the reasons for rejecting the same shall be provided to such Bidder in writing. In case of Non- Institutional Bidders, Retail Individual Bidders our Company would have a right to reject the Bids only on technical grounds. Signing of Underwriting Agreement and RoC Filing a) Our Company, the BRLMs and the Syndicate Members shall enter into an Underwriting Agreement on finalisation of the Issue Price and allocation(s) to the Bidders. b) After signing the Underwriting Agreement, our Company and the BRLM would update and file the updated Red Herring Prospectus with RoC, which then would be termed the 'Prospectus'. The Prospectus will contain details of the Issue Price, Issue Size, underwriting arrangements and will be complete in all material respects. Filing with the RoC Our Company will file a copy of the Red Herring Prospectus and the Prospectus with RoC in terms of Sections 56, Section 60 and Section 60B of the Companies Act. Public Announcement post filing of the Draft Red Herring Prospectus Our Company shall, either on the date of filing of this Draft Red Herring Prospectus or the next day, make a public announcement in one English language national daily, one Hindi language national daily and one Telugu newspaper, each with wide circulation, disclosing to the public the fact of filing of this Draft Red Herring Prospectus with the SEBI and inviting the public to give their comments to the SEBI in respect of disclosures made in this Draft Red Herring Prospectus. Pre-Issue Advertisement Subject to Section 66 of the Companies Act, our Company shall after registering the Red Herring Prospectus with ROC, publish a pre-issue advertisement, in the from prescribed by the SEBI (ICDR) Regulations in two widely circulated national newspapers (one each in English and Hindi) and a Telugu newspaper, each with wide circulation. 227
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APR Constructions Limited (Our Comp
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DEFINITIONS AND ABBREVIATIONS SECTI
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Term BOBCAPS Book Building Process
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Term Pay-in-Period Price Band Prici
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Abbreviation Full Form DP ID Deposi
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Industry/ Project Related Terms, De
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Financial Data PRESENTATION OF FINA
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SECTION II - RISK FACTORS RISK FACT
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qualification or shortlisting proce
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Our operations are currently geogra
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24. Our projects under development
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(` in Lakhs) Particulars Year Ended
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We propose to acquire plant and mac
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• Significant development in Indi
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13. Investors are advised to refer
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Key Highlights Government Investm
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In order to surmount strain in capa
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Our major clientele under different
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SUMMARY STATEMENT OF PROFIT AND LOS
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THE ISSUE Issue by our Company Of w
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Name, Designation, Occupation and D
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Statutory Auditor M/s J.B. Reddy &
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Sr. No. requirements and completion
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4) Ensure that the Bid-cum-Applicat
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Only Bids that are uploaded on the
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Notes to capital structure 1. Histo
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Date of allotment/ Transfer Number
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Regulations and in compliance with
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10. Shareholding pattern of our Com
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24. The Equity shares held by the P
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of the proceeds and increasing or d
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17 CATERPILLAR MOTOR GRADER MODEL C
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lakhs respectively. Other current a
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BASIS FOR ISSUE PRICE Investors sho
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STATEMENT OF TAX BENEFITS The Board
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7. The amount of tax paid under sec
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If the specified asset is transferr
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B. 2. Non-Resident Indians Further,
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months from the date of transfer in
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(Source:CRISIL Research, Indian Inf
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Operations and Maintenance (O&M) Co
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Major and Medium irrigation project
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Funding Sources Irrigation projects
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Up gradation/ strengthening of 5,00
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Rural roads PMGSY: Government‟s c
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Rural roads under the PMGSY are 100
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To realize this potential, the Indi
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In addition to above, private playe
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Our major clientele under different
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Having a pan-India presence by bidd
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Indent Source identification Collec
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. Construction of Canals including
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Project & Location Construction of
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Project & Location Value of Project
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Project & Location Waghur Dam, Maha
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B. Earth Works: 1. Excavator/ Back
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We obtain specialized insurance for
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KEY REGULATIONS AND POLICIES Our Co
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8. Local Shops and Establishments L
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HISTORY AND OTHER CORPORATE MATTERS
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imports and exports, purchases, mar
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Of the two, APRCL-CRSSG (JV) was aw
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awarded the contract to the JV vide
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OUR MANAGEMENT Our Company is curre
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years, Special Silver Award and The
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Sitting Fees payable to Non Executi
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3. Monitoring transfers, transmissi
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Management Organisational Structure
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Employees As on February 28, 2011 o
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Promoter and Promoter Group Matrix
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BIL has made an application dated S
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2. Prarthana Inns Private Limited (
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Shareholding Pattern Sr. No. Name o
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Shareholding Pattern Sr. No. Name o
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DIVIDEND POLICY Our Company has no
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B. Other Financial Information: We
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ANNEXURE II SUMMARY STATEMENT OF AS
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STATEMENT OF ADJUSTMENTS TO AUDITED
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e. Inventories: Materials, Stores a
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5. Managerial Remuneration: Sr. No.
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ANNEXURE - V SUMMARY STATEMENT OF C
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I. Primary Securityto Karnataka Ban
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ANNEXURE- IX STATEMENT OF LOANS AND
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ANNEXURE- XII Detail of Related Par
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Sreenivasa Associates (Project Work
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ANNEXURE -XVII STATEMENT OF INVESTM
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MANAGEMENT‟S DISCUSSION AND ANALY
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Work Expenditure Work expenditure c
Page 177 and 178: Interest and Finance charges and De
Page 179 and 180: Interest & Finance Charges Interest
Page 181 and 182: 3. Known trends or uncertainties th
Page 183 and 184: c d Residential plots Nos 4 &5in su
Page 185 and 186: SECTION VI - LEGAL AND OTHER INFORM
Page 187 and 188: paid by the NBCC and that the Sub c
Page 189 and 190: 8376/2008 of Delhi, New Delhi Const
Page 191 and 192: PART 4: LITIGATION RELATING TO OUR
Page 193 and 194: GOVERNMENT AND OTHER APPROVALS Our
Page 195 and 196: 5. Special Class Contractor Registr
Page 197 and 198: OTHER REGULATORY AND STATUTORY DISC
Page 199 and 200: 1. “WE HAVE EXAMINED VARIOUS DOCU
Page 201 and 202: 14. WE ENCLOSE A NOTE EXPLAINING HO
Page 203 and 204: Filing A copy of this Draft Red Her
Page 205 and 206: Public Issues in the Last Three Yea
Page 207 and 208: SECTION VII - ISSUE RELATED INFORMA
Page 209 and 210: applicant would prevail. If the inv
Page 211 and 212: The Equity Shares have not been and
Page 213 and 214: Particulars QIBs# Non-Institutional
Page 215 and 216: ISSUE PROCEDURE This section applie
Page 217 and 218: Foreign venture capital investors r
Page 219 and 220: Subject to compliance with all appl
Page 221 and 222: and conditions that our Company and
Page 223 and 224: circulation and also by indicating
Page 225 and 226: SHARES, IF THEY SO DESIRE, AS PER T
Page 227: Stock Exchanges; nor does it in any
Page 231 and 232: Notice to QIBs: Allotment/Transfer
Page 233 and 234: number of shares that can be held b
Page 235 and 236: The Bidders should note that the es
Page 237 and 238: Other Instructions Joint Bids in th
Page 239 and 240: 20) In case no corresponding record
Page 241 and 242: shall be punishable with imprisonme
Page 243 and 244: i. Each successful Bidder shall be
Page 245 and 246: 1. Direct Credit - Applicants havin
Page 247 and 248: ASBA Bids within eight Working Days
Page 249 and 250: RESTRICTIONS ON FOREIGN OWNERSHIP O
Page 251 and 252: 6. MODIFICATION OF RIGHTS Whenever
Page 253 and 254: In the case of debentures or loans
Page 255 and 256: 29. DIRECTORS MAY EXTEND TIME The B
Page 257 and 258: affect and the direction shall be e
Page 259 and 260: (1) Notwithstanding anything to the
Page 261 and 262: previous financial year or years ar
Page 263 and 264: 141. INDEMNITY (1) If the Company s
Page 265 and 266: 12. Application dated [•] for in-
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APR Constructions Limited - Saffron Capital

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