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

Our Right to Reject Bids
We and the members of the Syndicate reserve the right to reject any Bid without assigning any
reason therefore in case of QIBs. In case of Non-Institutional Bidders and Retail Individual Bidders,
we and the BRLMs/Co-BRM have a right to reject bids based on technical grounds. Consequent
refunds shall be made by cheque or pay order or draft and will be sent to the Bidder’s address at
the Bidder’s risk.
Grounds for Technical Rejections
Bidders are advised to note that Bids are liable to be rejected on among others on the following
technical grounds:
1. Amount paid doesn’t tally with the highest number of Equity Shares bid for;
2. Age of First Bidder not given;
3. Bid by minor;
4. PAN or GIR Number not given if Bid is for Rs. 50,000 or more;
5. Bids for lower number of Equity Shares than specified for that category of investors;
6. Bids at a price less than lower end of the Price Band;
7. Bids at a price more than the higher end of the Price Band;
8. Bids at cut-off price by Non-Institutional and QIB Bidders;
9. Bids for number of Equity Shares that are not in multiples of [�];
10. Category not ticked;
11. Multiple bids;
12. In case of Bid under power of attorney or by limited companies, corporate, trust etc.,
relevant documents are not submitted;
13. Bids accompanied by cash / stock invest / money order / postal order;
14. Signature of sole and / or joint Bidders missing;
15. Bid-cum-Application Form does not have the stamp of the BRLMs, Co Book Running
Manager or Syndicate Members;
16. Bid-cum-Application Form does not have Bidder’s depository account details;
17. Bid-cum-Application Forms are not delivered by the Bidders within the time prescribed as
per the Bid-cum-Application Form, Bid/Issue Opening Date advertisement and this draft
Red Herring Prospectus and as per the instructions in this draft Red Herring Prospectus
and the Bid-cum-Application Form;
18. Bids for amounts greater than the maximum permissible amounts prescribed by the
regulations. 19. Bids by OCBs;
20. Bids by persons resident outside India including FIIs, NRIs and companies in which there is
majority ownership and control by persons resident outside India
21. In case no corresponding record is available with the Depository that matches three
parameters: name of Bidder (including sequence of names of joint holders), depository
participant identification number and beneficiary account number
Equity Shares in Dematerialised Form with NSDL or CDSL
As per the provisions of Section 68B of the Companies Act, the Equity Shares in this Issue shall be
transferred only in a dematerialised form, (i.e. not in the form of physical certificates but be fungible
and be represented by the statement issued through the electronic mode).
In this context, two tripartite agreements have been signed between our Company and the
Depositories:
a) an agreement dated June 12, 2000 with NSDL, Karvy Compushare Limited(Registrar) and
us.
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