APR Constructions Limited - Saffron Capital

ASBA Bids within eight Working Days of the Bid/ Issue Closing Date, which shall be completed within one Working
Day after the receipt of such instruction from the Registrar to the Issue.
Our Company shall use best efforts to ensure that all steps for completion of the necessary formalities for listing and
commencement of trading at all the Stock Exchanges where the Equity Shares are proposed to be listed, are taken
within twelve (12) Working Days from the Bid/Issue Closing Date.
Undertakings by our Company
We undertake as follows:
1. that the complaints received in respect of this Issue shall be attended to expeditiously and satisfactorily;
2. that all steps will be taken for the completion of the necessary formalities for listing and commencement of
trading at all the stock exchanges where the Equity Shares are proposed to be listed within twelve Working
days of the Bid/ Issue Closing Date;
3. that the funds required for making refunds as per the modes disclosed or dispatch of Allotment advice by
registered post or speed post shall be made available to the Registrar to the Issue by us;
4. that where refunds are made through electronic transfer of funds, a suitable communication shall be sent to
the applicant within ten Working days of the Bid/ Issue Closing Date, giving details of the bank where
refunds shall be credited along with amount and expected date of electronic credit of refund;
5. that the instruction for electronic credit of Equity Shares/ refund orders/ intimation about the refund to nonresident
Indians shall be completed within the specified time;
6. that no further Issue of Equity Shares shall be made till the Equity Shares offered through the Red Herring
Prospectus are listed or until the Bid monies are refunded on account of non-listing, under-subscription etc.;
and
7. that adequate arrangements shall be made to collect all Applications Supported by Blocked Amount and to
consider them similar to non-ASBA applications while finalizing the Basis of Allotment.
Withdrawal of the Issue
Our Company, in consultation with the BRLMs, reserves the right not to proceed with the Issue after the Bid/ Issue
Opening Date but before Allotment, and if so, the reason thereof shall be given as a public notice within two days of
the closure of the Issue. The public notice shall be issued in the same newspapers where the pre- issue advertisement
had appeared. The Stock Exchanges where the specified securities were proposed to be listed shall also be informed
promptly. The BRLMs, through the Registrar to the Issue, shall notify the SCSBs to unblock the bank accounts of the
ASBA Bidders within one day of receipt of such notification. Our Company shall also promptly inform the Stock
Exchanges on which the Equity Shares were proposed to be listed. If our Company withdraws the Issue after the
closure of bidding, our Company shall be required to file a fresh draft red herring prospectus with SEBI.
Any further issue of Equity Shares by our Company shall be in compliance with applicable laws.
Notwithstanding the foregoing, the Issue is also subject to obtaining (i) the final listing and trading approvals of the
Stock Exchanges, which our Company shall apply for after Allotment. (ii) the final RoC approval of the Prospectus
after it is filed with the Stock Exchanges.
In the event of withdrawal of the Issue anytime after the Bid/Issue Opening Date but before the allotment of Equity
Shares, our Company will forthwith repay, without interest, all monies received from the applicants in pursuance of
the Red Herring Prospectus. If such money is not repaid within eight (8) Working Days after our Company become
liable to repay it, i.e. from the date of withdrawal, then our Company and every Director of our Company who is an
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