sejal architectural glass limited - Securities and Exchange Board of ...
sejal architectural glass limited - Securities and Exchange Board of ...
sejal architectural glass limited - Securities and Exchange Board of ...
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Book Building Procedure<br />
ISSUE PROCEDURE<br />
This Issue is being made through the 100% Book Building Process wherein at least 50% <strong>of</strong> the Net Issue<br />
will be available for allocation on a proportionate basis to QIBs, out <strong>of</strong> which 5% shall be available for<br />
allocation on a proportionate basis to Mutual Funds only, <strong>and</strong> the remainder <strong>of</strong> the QIBs Portion shall<br />
be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to<br />
valid Bids being received at or above Issue Price. If at least 50% <strong>of</strong> the Net Issue cannot be allocated<br />
to QIBs, then the entire application money will be refunded forthwith. Further, upto 35% <strong>of</strong> the Net<br />
Issue to Public shall be available for Allocation on a proportionate basis to Retail Individual Bidders<br />
<strong>and</strong> upto 15% <strong>of</strong> the Net Issue to Public shall be available for Allocation on a proportionate basis to<br />
Non-Institutional Bidders, subject to valid Bids being received at or above the Issue Price.<br />
Bidders are required to submit their Bids through the members <strong>of</strong> the Syndicate. We, in consultation<br />
with the BRLM reserve the right to reject any QIB Bid procured by any or all members <strong>of</strong> the<br />
Syndicate provided the rejection is at the time <strong>of</strong> receipt <strong>of</strong> such Bid <strong>and</strong> the reason for rejection <strong>of</strong><br />
the Bid is communicated to the Bidder at the time <strong>of</strong> rejection <strong>of</strong> the Bid. In case <strong>of</strong> Non-<br />
Institutional Bidders <strong>and</strong> Retail Individual Bidders, our Company would have a right to reject the Bids<br />
only on technical grounds.<br />
Investors should note that Equity Shares will be allotted to successful Bidders only in the<br />
dematerialized form. Bidders will not have the option <strong>of</strong> getting Allotment <strong>of</strong> the Equity Shares in<br />
physical form. The Equity Shares on Allotment shall be traded only in the dematerialised segment<br />
<strong>of</strong> the Stock <strong>Exchange</strong>s.<br />
Bid-Cum-Application Form<br />
Bidders shall only use the specified Bid-cum-Application Form bearing the stamp <strong>of</strong> a member <strong>of</strong> the<br />
Syndicate for the purpose <strong>of</strong> making a Bid in terms <strong>of</strong> this Draft Red Herring Prospectus. The Bidder<br />
shall have the option to make a maximum <strong>of</strong> three Bids in the Bid-cum-Application Form <strong>and</strong> such<br />
options shall not be considered as multiple Bids. Upon the allocation <strong>of</strong> Equity Shares, dispatch <strong>of</strong> the<br />
Confirmation <strong>of</strong> Allocation Note (“CAN”), <strong>and</strong> filing <strong>of</strong> the Prospectus with the Registrar <strong>of</strong><br />
Companies, Maharashtra at Mumbai, the Bid-cum-Application Form shall be considered as the<br />
Application Form. Upon completing <strong>and</strong> submitting the Bid-cum-Application Form to a member <strong>of</strong> the<br />
Syndicate, the Bidder is deemed to have authorised our Company to make the necessary changes in<br />
the Red Herring Prospectus <strong>and</strong> the Bid-cum-Application Form as would be required for filing the<br />
Prospectus with the Registrar <strong>of</strong> Companies, Maharashtra at Mumbai <strong>and</strong> as would be required by<br />
Registrar <strong>of</strong> Companies, Maharashtra at Mumbai after such filing, without prior or subsequent notice<br />
<strong>of</strong> such changes to the Bidder.<br />
The prescribed colour <strong>of</strong> the Bid-cum-Application Form for various categories is as follows:<br />
Category Colour <strong>of</strong> Bid-cum-Application Form<br />
Indian public or NRIs applying on a non-repatriation basis White<br />
Non-residents, NRIs, FIIs, Foreign Venture Capital Fund Blue<br />
registered with SEBI, Multilateral <strong>and</strong> Bilateral Development<br />
Financial Institutions applying on repatriation basis<br />
Who can Bid<br />
1. Indian nationals resident in India who are majors, in single or joint names (not more than three);<br />
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