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

published in two national newspapers (one each in English and Hindi) by indicating on the
websites of the BRLM and at the terminals of the members of the Syndicate. The Bidding Period
may be extended, if required, by an additional three working days, subject to the total Bidding
Period not exceeding 10 working days.
c) Each Bid-cum-Application Form will give the Bidder the choice to Bid for up to three optional
prices (for details refer to the paragraph entitled “Bids at Different Price Levels” below on page
[•] of this Draft Red Herring Prospectus) and specify the demand (i.e. the number of Equity
Shares Bid for) in each option. The price and demand options submitted by the Bidder in the Bidcum-Application
Form will be treated as optional demands from the Bidder and will not be
cumulated. After determination of the Issue Price, the maximum number of Equity Shares Bid for
by a Bidder at or above the Issue Price will be considered for allocation and the rest of the
Bid(s), irrespective of the Bid Price, will become automatically invalid.
d) The Bidder cannot Bid on another Bid-cum-Application Form after such Bidder’s Bids on one Bidcum-Application
Form have been submitted to any member of the Syndicate. Submission of a
second Bid-cum-Application Form to either the same or to another member of the Syndicate will
be treated as multiple Bids and is liable to be rejected either before entering the Bid into the
electronic bidding system, or at any point of time prior to the allocation or allotment of Equity
Shares in this Issue. However, the Bidder can revise the Bid through the Revision Form, the
procedure for which is detailed under the paragraph “Build up of the Book and Revision of Bids”
on page of [●] this Draft Red Herring Prospectus.
e) During the Bidding Period, Bidders may approach the members of the Syndicate to submit their
Bid. Every member of the Syndicate shall accept Bids from all clients / investors who place
orders through them and shall have the right to vet the Bids.
f) Along with the Bid-cum-Application Form, all Bidders will be required to make payment in the
manner described under the paragraph “Terms of Payment” on page [•] of this Draft Red Herring
Prospectus.
g) The Syndicate Member will enter each Bid option into the electronic bidding system as a separate
Bid and generate a Transaction Registration Slip, (“TRS”), for each price and demand option and
give the same to the Bidder. Therefore, a Bidder can receive up to three TRSs for each Bid-cum-
Application Form. It is the responsibility of the Bidder to obtain the TRS from the members of the
Syndicate.
Bids at Different Price Levels
(a) The Price Band has been fixed at Rs. [●] to Rs. [●] per Equity Share of Rs. 10 each, Rs. [●] being
the Floor Price and Rs. [●] being the Cap Price. The Bidders can Bid at any price with in the Price
Band, in multiples of Re 1. In accordance with SEBI Guidelines, our Company in consultation with
the BRLM can revise the Price Band by informing the Stock Exchanges, releasing a press release,
disclosure on the website of the members of the Syndicate, if any and notification on the
terminal of the members of the Syndicate. In case of a revision in the Price Band, the Issue will
be kept open for a period of three additional working days after the revision of the Price Band,
subject to the total Bidding Period not exceeding ten working days.
(b) Our Company in consultation with BRLM can finalise the Issue Price within the Price Band in
accordance with this clause, without the prior approval of, or intimation, to the Bidders. The
Price Band can be revised during the Bidding Period in which case the maximum revisions on
either side of the Price Band shall not exceed 20% of the Cap Price and the Floor Price disclosed
in the Red Herring Prospectus. Our Company canfinalise the issue price in consultation with the
BRLM without the prior approval of, or intimation to the Bidders.
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