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

Filing
A copy of the Red Herring Prospectus, along with the documents required to be filed under Section 60B
of the Companies Act, would be delivered for registration to the RoC and a copy of the Prospectus to be
filed under Section 60 of the Companies Act would be delivered for registration with RoC. A copy of the
draft Red Herring Prospectus has been filed with Corporation Finance Department of SEBI at Ground
Floor, Mittal Court, “A” Wing, Nariman Point, Mumbai 400 021.
Listing
Applications have been made to BSE and NSE for permission to deal in and for an official quotation of
the Equity Shares of the Company. The Company has chosen BSE as the Designated Stock Exchange.
If the permissions to deal in and for an official quotation of the Equity Shares are not granted by any of
the Stock Exchanges mentioned above, the Company shall forthwith repay, without interest, all moneys
received from the applicants in pursuance of this draft Red Herring Prospectus. If such money is not
repaid within eight days after the Company becomes liable to repay it (i.e. from the date of refusal or
within 70 days from the date of Bid/Issue Closing Date, whichever is earlier), then the Company and
every director of the Company who is an officer in default shall, on and from expiry of eight days, will be
jointly and severally liable to repay the money, with interest at the rate of 15% per annum on application
money, as prescribed under Section 73 of the Companies Act.
The Company together with the assistance of the BRLMs/ Co-BRM shall ensure that all steps for the
completion of necessary formalities for listing and commencement of trading at both the Stock
Exchanges mentioned above are taken within seven working days of finalisation of the basis of allotment
for the Issue.
Impersonation
Attention of the applicants is specifically drawn to the provisions of sub-section (1) of Section 68
A of the Companies Act, which is reproduced below:
“Any person who :
(a) makes in a fictitious name an application to a company for acquiring, or subscribing for,
any shares therein, or
(b) otherwise induces a company to allot, or register any transfer of, shares therein to him, or
any other person in a fictitious name,
shall be punishable with imprisonment for a term which may extend to five years.”
Minimum Subscription
If our Company does not receive the minimum subscription of 90% of the Net Offer to the Public including
devolvement of Underwriters, if any, within 60 days from the Bid/ Issue Closing Date, our Company shall
forthwith refund the entire subscription amount received. If there is a delay beyond 8 days after the
Company becomes liable to pay the amount, our Company shall pay interest as per section 73 of the
Companies Act. Hence if the company does not receive the minimum subscription of 90% of the Net
Offer to the Public including devolvement of Underwriters, if any, within 60 days from the Bid/ Issue
Closing Date, our Company shall forthwith refund the entire subscription amount received. If there is a
delay beyond 8 days after the Company becomes liable to pay the amount, our Company shall pay
interest as per section 73 of the Companies Act.
Further, our Issue is subject to the fulfillment of the condition required by the SCRR, Rule 19(2)(b) that
the:
The size of the Net Offer to Public, which is the Issue Price multiplied by the number of Equity Shares
offered to the public, is a minimum of Rs.1,000 Million.
Withdrawal of the Issue
We, in consultation with the BRLMs/ Co-BRM, reserve the right not to proceed with the Issue anytime
after the Bid/Issue Closing Date, without assigning any reason thereof.
Allotment Advice or Refund Orders
We shall dispatch allotment advice, refund orders and give credit to the beneficiary account with
Depository Participants 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 risk, within 15
days of the Bid/Issue Closing date.
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