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Shopper's Stop Limited - Securities and Exchange Board of India

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ISSUE PROCEDURE<br />

Book Building Procedure<br />

The Issue is being made through the 100% Book Building Process wherein 60% <strong>of</strong> the Net Offer to<br />

the Public shall be available for allocation on a discretionary basis to QIBs. Further, not less than<br />

25% shall be available for allocation on a proportionate basis to the Retail Individual Bidders <strong>and</strong><br />

15% shall be available for allocation on a proportionate basis to Non-Institutional Bidders, subject<br />

to valid Bids being received at or above the Issue Price.<br />

Bidders are required to submit their Bids through the Syndicate. Our Company, in consultation with<br />

the BRLMs/Co-BRM, reserves the right to reject any Bid procured by any or all members <strong>of</strong> the<br />

Syndicate without assigning any reason there<strong>of</strong> from QIBs. In case <strong>of</strong> Non-Institutional Bidders<br />

<strong>and</strong> Retail Individual Bidders, our Company would have a right to reject the Bids only on technical<br />

grounds.<br />

Investors should note that Equity Shares would be transferred to all successful allottees only in the<br />

dematerialised form.<br />

Bid-cum-Application Form<br />

Bidders shall only use the specified Bid-cum-Application Form bearing the stamp <strong>of</strong> the Syndicate<br />

Members for the purpose <strong>of</strong> making a Bid in terms <strong>of</strong> this draft Red Herring Prospectus. The Bidder<br />

shall have the option to make a maximum <strong>of</strong> three Bids in the Bid-cum-Application Form <strong>and</strong> such<br />

options shall not be considered as multiple bids. Upon the allocation <strong>of</strong> Equity Shares, dispatch <strong>of</strong><br />

the “CAN”, <strong>and</strong> filing <strong>of</strong> the Prospectus with the RoC, the Bid-cum-Application Form shall be<br />

considered as the Application Form. Upon completing <strong>and</strong> submitting the Bid-cum-Application Form<br />

to the Syndicate, the Bidder is deemed to have authorised our Company to make the necessary<br />

changes in this draft Red Herring Prospectus <strong>and</strong> the Bid-cum-Application Form as would be<br />

required for filing the Prospectus with the RoC <strong>and</strong> as would be required by RoC after such filing,<br />

without prior or subsequent notice <strong>of</strong> such changes to the Bidder.<br />

The Bid cum Application form for our employees will be marked as “Employees”.<br />

Who can Bid<br />

1. <strong>India</strong>n nationals resident in <strong>India</strong> who are not minors, in single or joint names (not more<br />

than three);<br />

2. Hindu Undivided Families (HUFs) in the individual name <strong>of</strong> the Karta. The Bidder should<br />

specify that the Bid is being made in the name <strong>of</strong> the HUF in the Bid cum Application Form<br />

as follows: “Name <strong>of</strong> Sole or First Bidder: XYZ Hindu Undivided Family applying through<br />

XYZ, where XYZ is the name <strong>of</strong> the Karta”. Bids by HUFs would be considered at par with<br />

those from individuals;<br />

3. Companies , <strong>and</strong> societies registered under the applicable laws in <strong>India</strong> <strong>and</strong> authorised to<br />

invest in Equity Shares;<br />

4. <strong>India</strong>n Mutual Funds registered with SEBI;<br />

5. <strong>India</strong>n Financial Institutions, commercial banks (excluding foreign banks), regional rural<br />

banks, co-operative banks (subject to RBI regulations or permissions, as applicable);<br />

6. Venture Capital Funds registered with SEBI;<br />

7. State Industrial Development Corporations;<br />

8. Insurance companies registered with the Insurance Regulatory <strong>and</strong> Development Authority;<br />

9. Provident funds with minimum corpus <strong>of</strong> Rs. 250 million <strong>and</strong> who are authorised under their<br />

constitution to hold <strong>and</strong> invest in Equity Shares;<br />

10. Pension funds with minimum corpus <strong>of</strong> Rs. 250 million <strong>and</strong> who are authorised under their<br />

constitution to hold <strong>and</strong> invest in Equity Shares;<br />

11. Trust/ society registered under the Societies Registration Act, 1860, as amended, or under<br />

any other law relating to Trusts/ society <strong>and</strong> who are authorised under their respective<br />

constitutions to invest <strong>and</strong> hold in Equity Shares; <strong>and</strong><br />

12. Scientific <strong>and</strong>/ or Industrial Research Organisations authorised to invest in equity shares;<br />

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