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

unchanged. Incomplete or inaccurate Revision Forms will not be accepted by the Syndicate
members.
f) The Bidder can make this revision any number of times during the Bidding Period. However,
for any revision(s) in the Bid, the Bidders will have to use the services of the same Syndicate
member through whom he or she had placed the original Bid.
g) Any revision of the Bid shall be accompanied by payment in the form of cheque or demand
draft for the incremental amount, if any, to be paid on account of the upward revision of the
Bid. The excess amount, if any, resulting from downward revision of the Bid would be
returned to the Bidder at the time of refund in accordance with the terms of this draft Red
Herring Prospectus. In case of QIBs, the Syndicate members may at their sole discretion
waive the payment requirement at the time of one or more revisions by the QIB Bidders.
h) When a Bidder revises his or her Bid, he or she shall surrender the earlier TRS and get a
revised TRS from the members of the Syndicate. It is the responsibility of the Bidder to
request for and obtain the revised TRS, which will act as proof of his or her having
revised the Bid.
i) In case of discrepancy of data between BSE or NSE and the Syndicate members, the
decision of the BRLMs, Co-BRM based on the records of BSE or NSE shall be final and
binding to all concerned.
Price Discovery and Allocation
(a) After the Bid/Issue Closing Date, the BRLMs, Co-BRM will analyse the demand generated at
various price levels and discuss pricing strategy with us.
(b) Our Company in consultation with BRLMs and Co-BRM shall finalise the “Issue Price”, the
number of Equity Shares to be allotted and the allocation to successful QIB Bidders. The
allocation will be decided based on the quality of the Bidder determined broadly by the size,
price and time of the Bid.
(c) The allocation for QIBs for up to 60% of the Issue Size would be discretionary. The allocation
to Non-Institutional Bidders and Retail Individual Bidders of not more than 15% and not less
than 25% of the Net Offer to the Public respectively would be on proportionate basis, in
consultation with Designated Stock Exchange (BSE), subject to valid Bids being received at
or above the Issue Price.
(d) Under subscription, if any, in Non-Institutional Bidders and/or Retail Individual Bidders
categories would be allowed to be met with spillover from any of the other categories at the
discretion of the Company and BRLMs/Co-BRM
e) Any over subscription in QIB category will be allowed to meet the under-subscription
in Non-Institutional Bidders and/or Retail Individual Bidders categories at the sole
discretion of the company BRLMs and Co-BRM
f) Under-subscription , if any, in the reserved category for Employees will be added back to
the Net Offer to the Public
(e) The BRLMs, Co-BRM in consultation with us, shall notify the Syndicate Members of the
Issue Price and allocations to their respective Bidders, where the full Bid Amount has not
been collected from the Bidders.
(f) Our Company reserves the right to cancel the Issue any time after the Bid/Issue
Closing Date but before allotment without assigning any reasons therefor.
(g) In terms of SEBI Guidelines, QIB Bidders shall not be allowed to withdraw their Bid after the
Bid Closing Date/Issue Closing Date.
(h) The allotment details shall be put on the website of the Registrar to the Issue.
Signing of Underwriting Agreement and RoC Filing
(a) We, the BRLMs, Co-BRM and the Syndicate Members shall enter into an Underwriting
Agreement on finalisation of the Issue Price and allocation(s) to the Bidders.
(b) After signing the Underwriting Agreement, we would update and file the updated Red Herring
Prospectus with RoC, which then would be termed ‘Prospectus’. The Prospectus would
have details of the Issue Price, Issue Size, underwriting arrangements and would be
complete in all material respects.
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