APR Constructions Limited - Saffron Capital

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officer in default shall, on and from such expiry of eight (8) Working Days, be liable to repay the money, with interest at the rate of 15% per annum on application money. Utilization of the Issue proceeds The Board of Directors of our Company certifies that: (a) all monies received out of the Issue shall be transferred to a separate Bank Account other than the bank account referred to in sub-section (3) of Section 73 of the Companies Act; (b) details of all monies utilized out of this Issue referred above shall be disclosed and continue to be disclosed till the time any part of the Issue proceeds remains unutilized under an appropriate separate head in the balance sheet of our Company indicating the purpose for which such monies have been utilised; and (c) Details of all unutilized monies out of this Issue, if any, shall be disclosed under an appropriate separate head in the balance sheet of our Company indicating the form in which such unutilized monies have been invested. (d) Our Company shall comply with the requirements of Clause 49 of the Listing Agreements in relation to the disclosure and monitoring of the utilization of the Net Proceeds. Our Company shall not have recourse to the Issue Proceeds until the approval for listing and Trading of the Equity Shares from all the Stock Exchanges where listing is sought has been received. The Board of Directors also certifies that: the utilization of monies received shall be disclosed under an appropriate head in the balance sheet of the issuer company, indicating the purpose for which such monies have been utilized and, the details of all monies out of the funds received shall be disclosed under a separate head in the balance sheet of the issuer company, indicating the form in which such monies have been invested. 246
RESTRICTIONS ON FOREIGN OWNERSHIP OF INDIAN SECURITIES Foreign investment in Indian securities is regulated through the Industrial Policy, 1991 (the “Industrial Policy”) of the GoI and FEMA. While the Industrial Policy prescribes the limits and the conditions subject to which foreign investment can be made in different sectors of the Indian economy, FEMA regulates the precise manner in which such investment may be made. Under the Industrial Policy, unless specifically restricted, foreign investment is freely permitted in all sectors of Indian economy upto any extent and without any prior approvals, but the foreign investor is required to follow certain prescribed procedures for making such investment. FIIs are permitted to subscribe to shares of an Indian company in a public offer without the prior approval of the RBI, so long as the price of the equity shares to be issued is not less than the price at which the equity shares are issued to residents. The transfer of shares between an Indian resident and a non-resident does not require the prior approval of the FIPB or RBI, provided that (i) the activities of the investee company are under the automatic route under the foreign direct investment (“FDI”) Policy and transfer does not attract the provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (ii) the non-resident shareholding is within the sectoral limits under the FDI policy; and (iii) the pricing is in accordance with the guidelines prescribed by SEBI/ RBI. As per the existing policy of the Government of India, OCBs cannot participate in this Issue. 100% foreign investment is permissible under the automatic route in the industry in which our Company operates, provided that our Company complies with the requirements as specified under FEMA and the relevant Rules and Regulations framed there-under. The Equity Shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction outside India and may not be offered or sold, and Bids may not be made by persons in any such jurisdiction, except in compliance with the applicable laws of such jurisdiction. The above information is given for the benefit of the Bidders. Our Company and the BRLMs are not liable for any amendments or modification or changes in applicable laws or regulations, which may occur after the date of the Draft Red Herring Prospectus. Bidders are advised to make their independent investigations and ensure that the number of Equity Shares Bid for do not exceed the applicable limits under laws or regulations. 247
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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
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Interest and Finance charges and De
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Interest & Finance Charges Interest
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3. Known trends or uncertainties th
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c d Residential plots Nos 4 &5in su
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SECTION VI - LEGAL AND OTHER INFORM
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paid by the NBCC and that the Sub c
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8376/2008 of Delhi, New Delhi Const
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PART 4: LITIGATION RELATING TO OUR
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GOVERNMENT AND OTHER APPROVALS Our
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5. Special Class Contractor Registr
Page 197 and 198: OTHER REGULATORY AND STATUTORY DISC
Page 199 and 200: 1. “WE HAVE EXAMINED VARIOUS DOCU
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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
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Page 225 and 226: SHARES, IF THEY SO DESIRE, AS PER T
Page 227 and 228: Stock Exchanges; nor does it in any
Page 229 and 230: (e) Allocation to Eligible NRIs or
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: ASBA Bids within eight Working Days
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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