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

case a Bid is rejected in part, the excess Bid Amount will be refunded to the Bidder within 15 days
of the Bid Closing Date. We will allot the Equity Shares within 15 days from the Bid Closing Date,
and shall pay interest at the rate of 15% per annum (for any delay beyond the periods as
mentioned above), if allotment is not made within 15 days of Bid Closing Date, or if refund orders
are not dispatched and/ or demat credits are not made to investors within two working days from
the date of allotment.
Utilisation of Issue Proceeds
Pending any use as described above, we intend to invest the proceeds of this Issue in high quality,
interest / dividend bearing short term / long term liquid instruments including deposits with banks for
the necessary duration. We may also deploy the proceeds of the issue to temporarily reduce our
working capital borrowings from banks and financial institutions, and our commercial paper. These
investments would be authorised by our Board or a duly authorised committee thereof.
Disposal of Applications and Applications Money
We shall dispatch allotment advice, refund orders and credit Equity Shares to the Beneficiary
Account with Depository Participants and submit the allotment and listing documents to the Stock
Exchanges within two working days of finalisation of the basis of allotment. We shall dispatch
refund orders, if any, of value up to Rs.1,500, by “Under certificate of posting”, and shall dispatch
refund orders above Rs.1,500, if any, by Registered Post or Speed Post at the sole or first Bidder’s
sole risk.
The BRLMs/ Co-BRM shall 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 seven working days of finalisation of the basis of allotment.
In accordance with the Companies Act, the Stock Exchange requirements and SEBI Guidelines, we
further undertake that:
allotment of Equity Shares shall be made only in dematerialised form within 15 days from
the Bid Closing Date;
dispatch of refund orders shall be made within 15 days from the Bid Closing Date; and
interest at 15% per annum (for any delay beyond the 15 day time period as mentioned
above), shall be paid if allotment is not made, refund orders are not dispatched and/or
demat credits are not made to investors within the 15 days time prescribed above.
We will provide adequate funds required for dispatch of refund orders or allotment advice to the
Registrar to the Issue.
Refunds will be made by cheques, pay orders or demand drafts drawn on a bank appointed by us
as a refund banker and payable at par at places where bids are received. Bank charges, if any, for
encashing such cheques, pay orders or demand drafts at other centers will be payable by the
Bidders.
No receipt will be issued for the Bid Amount received by us. However, the Bankers to the Issue and
Syndicate Members receiving the Bid Forms will acknowledge receipt by stamping and returning
the acknowledgement slip at the bottom of each form.
Interest on refund of excess bid amount
We shall pay interest at the rate of 15% per annum on the excess bid amount received by us if
refund orders are not dispatched within 15 days from the Bid Closing Date as per the Guidelines
issued by the Government of India, Ministry of Finance pursuant to their letter no. F-8/6/SE/79
dated July 21, 1983, as amended by their letter no. F/14/SE/85 dated September 27, 1985,
addressed to the Stock Exchanges, and as further modified by SEBI’s Clarification XXI dated
October 27, 1997, with respect to the SEBI Guidelines.
Basis of Allotment
(A) For Retail Individual Bidders
Bids received from the Retail Individual Bidders at or above the Issue Price shall be
grouped together to determine the total demand under this category. The allotment to all
the successful Retail Individual Bidders will be made at the Issue Price.
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