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

Build Up of the Book and Revision of Bids
(a) Bids registered by various Bidders through the members of the Syndicate shall be
electronically transmitted to the NSE or BSE mainframe on a regular basis.
(b) The book gets built up at various price levels. This information will be available with the
BRLM on a regular basis.
(c) The Price Band can be revised during the Bidding Period, in which case the bidding period
shall be extended further for a period of three days, subject to the total bidding period not
exceeding ten working days. The Cap on the Price Band shall not be more than 20% of the
floor of the Price Band. Subject to compliance with the immediately preceding sentence, the
Floor of Price Band can move up or down to the extent of 20% of the floor of the Price Band
disclosed in the Red Herring Prospectus.
(d) Any revision in the Price Band will be widely disseminated by informing the Stock Exchanges,
by issuing a Public Notice in two national newspapers (one each in English and Hindi) and one
local newspaper and also indicating the change on the relevant websites and the terminals of
the members of the syndicates.
(e) During the Bidding Period, any Bidder who has registered its interest in the Equity Shares at a
particular price level is free to revise his or her Bid within the Price Band using the printed
Revision Form, which is a part of the Bid-cum-Application Form.
(f) Revisions can be made in both the desired number of Equity Shares and the Bid price by using
the Revision Form. Apart from mentioning the revised options in the Revision Form, the
Bidder must also mention the details of all the options in such Bidder’s Bid- cum-Application
Form or earlier Revision Form. For example, if a Bidder has Bid for three options in the Bidcum-Application
Form and such Bidder is changing only one of the options in the Revision
Form, he must still fill the details of the other two options that are not being changed, in the
Revision Form. Incomplete or inaccurate Revision Forms will not be accepted by the members
of the Syndicate.
(g) The Bidder can make this revision any number of times during the Bidding Period. However,
for any revision(s) of the Bid, the Bidders will have to use the services of the same members
of the Syndicate through whom he or she had placed the original Bid. Bidders are advised to
retain copies of the blank Revision Form and the revised Bid must be made only in such
Revision Form or copies thereof.
(h) Any revision of the Bid shall be accompanied by payment in the form of cheque or demand
draft for the incremental amount, if any, to be paid on account of the upward revision of the
Bid. The excess amount, if any, resulting from downward revision of the Bid would be
returned to the Bidder at the time of refund in accordance with the terms of this Draft Red
Herring Prospectus. In case of QIBs, the members of the Syndicate shall collect the payment
in the form of cheque or demand draft or electronic transfer of funds through RTGS for the
incremental amount in the QIB margin, if any, to be paid on account of the upward revision
of Bid at the time of one or more revision by the QIB Bidders.
(i) When a Bidder revises his or her Bid, he or she shall surrender the earlier TRS and get a
revised TRS from the Syndicate Member. It is the responsibility of the Bidder to request for
and obtain the revised TRS, which will act as proof of his or her having revised the
previous Bid.
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