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

(c) The Bidders can Bid at any price within the Price Band. The Bidder has to Bid for the desired
number of Equity Shares at a specific price. Retail Individual may Bid at “Cut-off”. However,
Bidding at “Cut-off” is prohibited for QIB or Non Institutional Bidders and such Bids from QIBs
and Non-Institutional Bidders shall be rejected.
(d) Retail Individual Bidders, who Bid at the Cut-Off agree that they shall purchase the Equity Shares
at the Issue price. Retail Individual Bidders bidding at Cut-Off shall submit the Bid-cum-
Application form with cheque/ demand draft for the Bid Amount based on the Cap of the Price
Band in with the Syndicate Members. In the event the Bid Amount is higher than the subscription
amount payable by the Retail Individual Bidders who Bid at the Cut-off Price (i.e. the total
number of Equity Shares allocated in the Issue multiplied by the Issue Price), Retail Individual
Bidders shall receive the refund of the excess amounts from the respective Refund Account.
(e) Any revision in the Price Band shall be widely disseminated including by informing the Stock
Exchanges, issuing a press release and making available this information on the Bidding
terminals.
(f) In the event of any revision in the Price Band, whether upwards or downwards, the minimum
application size shall be within the range of Rs. 5,000 to Rs. 7,000. The Issuer Company in
consultation with the BRLM shall stipulate the minimum application size (in terms of number of
shares) falling within the aforesaid range of minimum application value.
(g) In case of an upward revision in the Price Band announced as above, Retail Individual Bidders,
who had Bid at Cut-off Price could either (i) revise their Bid or (ii) make additional payment
based on the cap of the revised Price Band (such that the total amount i.e. original Bid amount
plus additional payment does not exceed Rs. 1,00,000, if the Bidder wants to continue to Bid at
Cut-Off Price), with the members of the Syndicate to whom the original Bid was submitted. In
case the total amount (i.e. original Bid Amount plus additional payment) exceeds Rs. 1,00,000,
the Bid will be considered for allocation under the Non Institutional portion in terms of this Draft
Red Herring Prospectus. If, however, the Bidder does not either revise the Bid or make additional
payment and the Issue Price is higher than the cap of the Price Band prior to revision, the
number of Equity Shares Bid for shall be adjusted downwards for the purpose of allocation, such
that no additional payment would be required from the Bidder and the Bidder is deemed to have
approved such revised Bid at Cut-off Price.
(h) In case of a downward revision in the Price Band, announced as above, Retail Individual Bidders
who have Bid at Cut-off Price could either revise their Bid or the excess amount paid at the time
of bidding would be refunded from the Refund Account.
Option to Subscribe
Equity Shares being issued through this Draft Red Herring Prospectus can be applied for in the
dematerlised form only. Bidders will not have the option of getting the allotment in physical form.
The Equity Shares on allotment shall be traded only in the dematerlised segment of the Stock
Exchanges.
Escrow Mechanism
Our Company and members of Syndicate shall open Escrow Accounts with one or more Escrow
Collection Banks in whose favor the Bidders shall make out the cheque or demand draft in respect of
his or her Bid and/or revision of the Bid. Cheques or demand drafts received for the full Bid amount
from Bidders in a certain category would be deposited in the Escrow Accounts. The monies in the
Escrow Accounts shall be maintained by the Escrow Collection Banks for and on behalf of the Bidders.
The Escrow Collection Banks shall not exercise any lien whatsoever over the monies deposited
therein and shall hold the monies therein in trust for the Bidders. On the Designated Date, the
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