APR Constructions Limited - Saffron Capital

SCSBs shall have the right to reject ASBA Bids if at the time of blocking the Bid Amount in the Bidder‟s bank
account, the respective Designated Branch ascertains that sufficient funds are not available in the Bidder‟s bank
account maintained with the SCSB. Subsequent to the acceptance of the ASBA Bid by the SCSB, our Company
would have a right to reject the ASBA Bids only on technical grounds.
Grounds for Technical Rejections
Bidders are advised to note that Bids may be liable to be rejected among others on the following technical grounds:
1) Amount paid does not tally with the highest number of Equity Shares Bid for. With respect to ASBA Bids, the
amounts mentioned in the ASBA Bid cum Application Form does not tally with the amount payable for the value
of the Equity Shares Bid for;
2) In case of partnership firms, Equity Shares may be registered in the names of the individual partners and no firm
as such shall be entitled to apply;
3) Bids by Persons not competent to contract under the Indian Contract Act, 1872, including minors, insane persons;
4) PAN number not stated and GIR number given instead of PAN number, except for Bids on behalf of the Central
and State Governments, residents of the state of Sikkim and officials appointed by the courts;
5) Bids for lower number of Equity Shares than specified for that category of investors;
6) Bids at a price less than the Floor Price;
7) Bids at a price more than the Cap Price;
8) Submission of more than five ASBA Bid cum Application forms per bank account;
9) Bids at cut-off price by Non-Institutional and QIB Bidders;
10) Bids for number of Equity Shares which are not in multiples of [●];
11) Category not ticked;
12) Multiple bids as defined in the Draft Red Herring Prospectus;
13) In case of Bid under power of attorney or by limited companies, corporate, trust etc., relevant documents are not
submitted;
14) Bids accompanied by Stock invest/ money order/ postal order/ cash;
15) Signature of sole and/ or joint bidders missing. With respect to ASBA Bids, the Bid cum Application form not
being signed by the account holders, if the account holder is different from the Bidder;
16) Bid cum Application Form does not have the stamp of the BRLMs or Syndicate Member;
17) ASBA Bid cum Application Form does not have the stamp of the SCSB, except for ASBA Bid cum Application
Forms downloaded from the websites of the Stock Exchanges, in which case the ASBA Bid Cum Application
Forms shall bear an unique application number;
18) Bids by QIBs not submitted through the BRLMs / Syndicate Members or in case of ASBA Bids for QIBs, not
intimated to the BRLMs/ Syndicate Members;
19) Bid cum Application Form does not have Bidder‟s depository account details;
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