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sejal architectural glass limited - Securities and Exchange Board of ...

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Expert Opinion<br />

Except as stated otherwise in this Draft Red Herring Prospectus, we have not obtained any expert<br />

opinion.<br />

Expenses <strong>of</strong> this Issue<br />

The expenses <strong>of</strong> this Issue include, among others, underwriting <strong>and</strong> management fees, selling<br />

commission, printing <strong>and</strong> distribution expenses, legal fees, advertising expenses <strong>and</strong> listing fees. The<br />

estimated Issue expenses are as follows:<br />

Activity Expenses* % <strong>of</strong> % <strong>of</strong> Issue<br />

(Rs. Lacs) Issue Size expenses<br />

Lead management, underwriting <strong>and</strong> selling commission [•] [•] [•]<br />

Advertisement <strong>and</strong> marketing expenses [•] [•] [•]<br />

Printing <strong>and</strong> stationery<br />

(including expenses on transportation <strong>of</strong> the material)<br />

[•] [•] [•]<br />

Others (Registrar’s fees, legal fees, listing fees, etc.) [•] [•] [•]<br />

Total [•] [•] [•]<br />

* Will be incorporated after finalization <strong>of</strong> this Issue Price<br />

All expenses with respect to this issue will be borne by our Company.<br />

Details <strong>of</strong> Fees Payable<br />

Fees Payable to the Book Running Lead Manager<br />

The total fees payable to the BRLM will be as per the Memor<strong>and</strong>um <strong>of</strong> Underst<strong>and</strong>ing signed between<br />

us <strong>and</strong> the BRLM, Saffron Capital Advisors Private Limited dated November 21, 2007, a copy <strong>of</strong> which<br />

is available for inspection at our Registered Office <strong>and</strong> forms part <strong>of</strong> Material Contracts <strong>and</strong><br />

Documents.<br />

Fees Payable to the Registrar to this Issue<br />

The fees payable to the Registrar to this Issue, Intime Spectrum Registry Limited, will be as per the<br />

Memor<strong>and</strong>um <strong>of</strong> Underst<strong>and</strong>ing signed with our Company, a copy <strong>of</strong> which is available for inspection<br />

at our Registered Office <strong>and</strong> forms part <strong>of</strong> Material Contracts <strong>and</strong> Documents.<br />

The Registrar will be reimbursed for all relevant out-<strong>of</strong>-pocket expenses including such as cost <strong>of</strong><br />

stationery, postage, stamp duty, communication expenses. Adequate funds will be provided to the<br />

Registrar to this Issue to enable them to send refund orders or allocation advice by registered post/<br />

Speed Post. Refund Orders up to Rs. 1,500/- would be send under certificate <strong>of</strong> posting.<br />

Underwriting Commission, Brokerage <strong>and</strong> Selling Commission<br />

The Underwriting Commission <strong>and</strong> Selling Commission for this Issue is as set out in the Syndicate<br />

Agreement amongst our Company, the BRLM <strong>and</strong> Syndicate Members. The Underwriting Commission<br />

shall be paid as set out in the Underwriting Agreement based on this Issue Price <strong>and</strong> amount<br />

underwritten in the manner mentioned in this Draft Red Herring Prospectus.<br />

Brokerage for this Issue will be paid not more than [●]% <strong>of</strong> this Issue Price <strong>of</strong> the Equity Shares by our<br />

Company on the basis <strong>of</strong> the allotments made against the Bids bearing the stamp <strong>of</strong> a member <strong>of</strong> any<br />

227

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