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

Enam Securities Pvt Limited
84B, Khatau Bldg, 2 nd Floor, 44B Bank
street, Off Shaheed Bhagat Singh Road,
Fort, Mumbai-400 023
Kotak Securities Limited
1 st
Floor, Bakhtawar, 229, Nariman Point,
Mumbai 400 021
ICICI Brokerage Services Limited
163, Backbay Reclamation
H T Parekh Marg,
Churchgate, Mumbai 400 020
Tel:+91-22-2288 2460
Fax:+91-22-2283 7045
The above mentioned is indicative underwriting and this would be finalized after the pricing and actual
allocation.
The above underwriting agreement is dated------------].
In the opinion of the Board of Directors (based on a certificate given to it by the Underwriters), the
resources of all the above mentioned Underwriters are sufficient to enable them to discharge their
respective underwriting obligations in full. All the above-mentioned Underwriters are registered with SEBI
under Section 12(1) of the SEBI Act or registered as brokers with the Stock Exchange(s). The above
Underwriting Agreement has been accepted and executed by the IPO Committee at its meeting held on
[ ], 2004.
Allocation among Underwriters may not necessarily be in proportion to their underwriting commitments.
Notwithstanding the above table the BRLMs, Co-BRM and the Syndicate Members shall be responsible
for ensuring the payment with respect to the Equity Shares allocated to investors against subscription
procured by them in respect of this Issue. In the event of any default in payment the respective
underwriter, in addition to other obligations defined in the Underwriting Agreement, will also be required
to procure/subscribe to the extent of the defaulted amount. Allocation to QIBs is discretionary as per the
terms of the draft Red Herring Prospectus and may not be proportionate in any way and the patterns of
allocation to the QIBs could be different for the various Underwriters. The Allocation to QIBs shall be
determined by the BRLMs and Co-BRM based on prior commitments, investor quality, price aggression,
earliness of Bids, etc.
Utilisation of Issue Proceeds
The Board of Directors of our Company certifies that:
a) all monies received out of Issue of Equity Shares to public shall be transferred to separate
bank account other than the bank account referred to in sub-section (3) of section 73 of the
Act;
b) details of all monies utilised out of the Issue referred to in sub-item(i) shall be disclosed under
an appropriate separate head in the balance-sheet of the Company indicating the purpose for
which such monies had been utilised; and
c) details of all unutilised monies out of the Issue of Equity Shares, referred to in sub-item(i) shall
be disclosed under an appropriate separate head in the balance-sheet of the Company
indicating the form in which such unutilised monies have been invested
d) The Board of Directors of our Company certifies that –
i. the utilisation of monies received under Promoters’ Contribution and from firm
allotments and reservations for Employees shall be disclosed under an appropriate
head in the balance sheet of the Company indicating the purpose for which such
monies have been utilised.
ii. the details of all unutilised monies out of the funds received under Promoters’
Contribution and from firm allotments and reservations for Employees shall be
disclosed under a separate head in the balance sheet of the Company indicating the
form in which such unutilised monies have been invested.
We will not have access to the Issue proceeds till approvals are received for listing and trading in Equity
Shares from all Stock Exchanges where listing is sought.
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