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APR Constructions Limited - Saffron Capital

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Application Form would be used only to ensure dispatch of refund orders. Please note that any such delay shall<br />

be at the Bidder‟s sole risk and neither our Company, the Registrar to the Issue, Escrow Collection Bank(s)<br />

nor the BRLMs shall be liable to compensate the Bidder for any losses caused to the Bidder due to any such<br />

delay or liable to pay any interest for such delay.<br />

In case no corresponding record is available with the Depositories that matches three parameters, namely, PAN of the<br />

sole/first Bidder, the Depository Participant‟s identity (DP ID) and the beneficiary‟s identity, then such Bids are liable<br />

to be rejected.<br />

Bids by Non-Residents including Eligible NRIs, FIIs and Foreign Venture <strong>Capital</strong> Investors registered with<br />

SEBI on a repatriation basis.<br />

Bids and revision to Bids must be made in the following manner:<br />

1. On the Bid cum Application Form or the Revision Form, as applicable ([•] in colour), and completed in full in<br />

BLOCK LETTERS in ENGLISH in accordance with the instructions contained therein.<br />

2. In a single name or joint names (not more than three and in the same order as their Depository Participant<br />

Details).<br />

3. Bids on a repatriation basis shall be in the names of individuals, or in the name of FIIs but not in the names of<br />

minors, OCBs, firms or partnerships, foreign nationals (excluding NRIs) or their nominees. Bids by Eligible<br />

NRIs for a Bid Amount of upto `2,00,000 would be considered under the Retail Portion for the purposes of<br />

allocation and Bids for a Bid Amount of more than `2,00,000 would be considered under Non-Institutional<br />

Portion for the purposes of allocation.<br />

Refunds, dividends and other distributions, if any, will be payable in Indian Rupees only and net of bank<br />

charges and/ or commission. In case of Bidders who remit money through Indian Rupee drafts purchased<br />

abroad, such payments in Indian Rupees will be converted into US Dollars or any other freely convertible<br />

currency as may be permitted by the RBI at the rate of exchange prevailing at the time of remittance and will<br />

be dispatched by registered post or if the Bidders so desire, will be credited to their NRE accounts, details of<br />

which should be furnished in the space provided for this purpose in the Bid cum Application Form. Our<br />

Company will not be responsible for loss, if any, incurred by the Bidder on account of conversion of foreign<br />

currency.<br />

As per the existing policy of the Government of India, OCBs are not permitted to participate in the Issue.<br />

There is no reservation for Eligible NRIs and FIIs and all Bidders will be treated on the same basis with other<br />

categories for the purpose of allocation.<br />

Payment Instructions<br />

Escrow Mechanism for Bidders other than ASBA Bidders<br />

Our Company, the Syndicate Members and the BRLMs shall open Escrow Accounts with one or more Escrow<br />

Collection Bank(s) in whose favour the Bidders shall make out the cheque or demand draft in respect of their Bid and/<br />

or revision of the Bid. Cheques or demand drafts received for the full Bid Amount from Bidders in a certain category<br />

would be deposited in the Escrow Account. The Escrow Collection Bank(s) will act in terms of the Red Herring<br />

Prospectus and an Escrow Agreement to be entered into amongst our Company, the BRLMs, Escrow Collection<br />

Bank(s) and Registrar to the Issue. The monies in the Escrow Account shall be maintained by the Escrow Collection<br />

Bank(s) for and on behalf of the Bidders. The Escrow Collection Bank(s) shall not exercise any lien whatsoever over<br />

the monies deposited therein and shall hold the monies therein in trust for the Bidders. On the Designated Date, the<br />

Escrow Collection Bank(s) shall transfer the monies represented by allocation of Equity Shares (other than ASBA<br />

funds with the SCSBs) from the Escrow Account as per the terms of the Escrow Agreement, into the Public Issue<br />

Account with the Bankers to the Issue as per the terms of the Escrow Agreement. The balance amount after transfer to<br />

the Public Issue account shall be transferred to the Refund Account. Payments of refunds to the Bidders shall also be<br />

made from the Refund Account as per the terms of the Escrow Agreement and the Red Herring Prospectus.<br />

232

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