APR Constructions Limited - Saffron Capital

i. Each successful Bidder shall be allotted a minimum of [●] Equity Shares; and
ii. The successful Bidders out of the total Bidders for a category shall be determined by draw of lots in a
manner such that the total number of Equity Shares allotted in that category is equal to the number of Equity
Shares calculated in accordance with (b) above.
e. If the proportionate Allotment to a Bidder is a number that is more than [●] but is not a multiple of one (which is
the marketable lot), the number in excess of the multiple of one would be rounded off to the higher multiple of
one if that number is 0.5 or higher. If that number is lower than 0.5, it would be rounded off to the lower multiple
of one. All Bidders in such categories would be Allotted Equity Shares arrived at after such rounding off.
f. If the Equity Shares allocated on a proportionate basis to any category are more than the Equity Shares allotted to
the Bidders in that category, the remaining Equity Shares available for Allotment shall be first adjusted against
any other category, where the allotted shares are not sufficient for proportionate Allotment to the successful
Bidders in that category. The balance Equity Shares, if any, remaining after such adjustment will be added to the
category comprising Bidders applying for minimum number of Equity Shares.
g. Subject to valid Bids being received, allocation of Equity Shares to Anchor Investors shall be at the sole
discretion of our Company, in consultation with the BRLMs.
Illustration of Allotment to QIBs and Mutual Funds (“MF”) in the QIB Portion
A. Issue Details
S. No. Particulars Issue details
1 Issue size 200 million Equity Shares
2 Allocation to QIB upto (50%) 100 million Equity Shares
3 Anchor Investor Portion 30 million Equity Shares
4 Portion available to QIBs other than Anchor 70 million Equity Shares
Investors ((2) minus (3))
Of which:
a. Reservation to MF (5%) 3.5 million Equity Shares
b. Balance for all QIBs including MFs 66.5 million Equity Shares
5 No. of QIB applicants 10
6 No. of shares applied for 500 million Equity Shares
B. Details of QIB Bids
S. No Type of QIB bidders# No. of Equity Shares bid for (in millions)
1 A1 50
2 A2 20
3 A3 130
4 A4 50
5 A5 50
6 MF1 40
7 MF2 40
8 MF3 80
9 MF4 20
10 MF5 20
Total 500
# A1-A5: (QIB bidders other than MFs), MF1-MF5 (QIB bidders which are Mutual Funds)
241