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In case the Bid-Cum-Application Form is submitted in joint names, the investors should ensure that<br />

the demat account is also held in the same joint names <strong>and</strong> in the same sequence in which they<br />

appear in the Bid-Cum-Application Form.<br />

After the Bid / Issue Closing Date, depending upon the level <strong>of</strong> subscription, additional margin<br />

amount, if any, may be called from the QIB Bidders.<br />

Under-subscription, if any, in any category except in the QIB category would be met with spill over<br />

from other categories at our sole discretion, in consultation with the BRLMs. If a minimum allotment<br />

<strong>of</strong> 50% <strong>of</strong> the Issue is not made to the QIBs, the entire subscription monies shall be refunded.<br />

Bidding / Issue period<br />

BID / ISSUE OPENS ON [●]<br />

/ BID / ISSUE CLOSES ON [●]<br />

Bids <strong>and</strong> any revision in Bids shall be accepted only between 10.00 a.m. <strong>and</strong> 3.00 p.m. (Indian<br />

St<strong>and</strong>ard Time) during the Bidding Period as mentioned above at the bidding centers mentioned on<br />

the Bid-cum-Application Form except that on the Bid/Issue Closing Date, Bids shall be accepted only<br />

between 10.00 a.m. <strong>and</strong> 3.00 p.m. (Indian St<strong>and</strong>ard Time) <strong>and</strong> uploaded till (i) 5.00 p.m. in case <strong>of</strong><br />

Bids by QIB Bidders, Non-Institutional Bidders where the Bid Amount is in excess <strong>of</strong> Rs. 100,000 <strong>and</strong><br />

(ii) till such time as permitted by the NSE <strong>and</strong> the BSE, in case <strong>of</strong> Bids by Retail Individual Bidders<br />

where the Bid Amount is up to Rs. 100,000. Due to limitation <strong>of</strong> time available for uploading the Bids<br />

on the Bid/Issue Closing Date, the Bidders are advised to submit their Bids one day prior to the<br />

Bid/Issue Closing Date <strong>and</strong>, in any case, no later than 3.00 p.m. (Indian St<strong>and</strong>ard Time) on the<br />

Bid/Issue Closing Date. Bidders are cautioned that in the event a large number <strong>of</strong> Bids are received<br />

on the Bid/Issue Closing Date, as is typically experienced in public <strong>of</strong>ferings, which may lead to some<br />

Bids not being uploaded due to lack <strong>of</strong> sufficient time to upload, such Bids that cannot be uploaded<br />

will not be considered for allocation under the Issue. Bids will only be accepted on working days.<br />

Investors please note that as per letter no. List/smd/sm/2006 dated July 3, 2006 <strong>and</strong> letter no.<br />

NSE/IPO/25101-6 dated July 6, 2006 issued by BSE <strong>and</strong> NSE respectively, bids <strong>and</strong> any revision in<br />

Bids shall not be accepted on Saturdays <strong>and</strong> holidays as declared by the <strong>Exchange</strong>s.<br />

The Price B<strong>and</strong> will be decided by us in consultation with the BRLM. The announcement on the Price<br />

B<strong>and</strong> shall also be made available on the websites <strong>of</strong> the BRLM <strong>and</strong> at the terminals <strong>of</strong> the Syndicate.<br />

We reserve the right to revise the Price B<strong>and</strong> during the Bidding Period in accordance with SEBI<br />

Guidelines. The cap on the Price B<strong>and</strong> should not be more than 20% <strong>of</strong> the floor <strong>of</strong> the Price B<strong>and</strong>.<br />

Subject to compliance with the immediately preceding sentence, the floor <strong>of</strong> the Price <strong>and</strong> can move<br />

up or down to the extent <strong>of</strong> 20%.<br />

In case <strong>of</strong> revision in the Price B<strong>and</strong>, the Bidding/Issue Period will be extended for three additional<br />

days after revision <strong>of</strong> Price B<strong>and</strong> subject to the Bidding/Issue Period not exceeding 10 working days.<br />

Any revision in the Price B<strong>and</strong> <strong>and</strong> the revised Bidding/Issue Period, if applicable, will be widely<br />

disseminated by notification to the BSE <strong>and</strong> the NSE, by issuing a press release, <strong>and</strong> also by indicating<br />

the change on the web sites <strong>of</strong> the BRLM <strong>and</strong> at the terminals <strong>of</strong> the Syndicate.<br />

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