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

Only Bids that are uploaded to the online IPO system of NSE/ BSE shall be considered for Allocation /
Allotment. In case of discrepancy of data between NSE or BSE and the Syndicate Member, the
decision of the Book Running Lead Manager based on physical records of Bid-cum-Application Forms
shall be final and binding to all concerned.
Price Discovery and Allocation
(a) After the Bid/Issue Closing Date, the BRLM will analyze the demand generated at various
price levels and discuss pricing strategy with us.
(b) Our Company in consultation with the BRLM shall finalise the “Issue Price” and the number of
Equity Shares to be allotted in each investor category.
(c) The Allocation for QIBs, atleast 50% of the Net Issue to Public, of which 5% shall be reserved
for Mutual Funds would be proportionate. The allocation to Non-Institutional Bidders and
Retail Individual Bidders of upto 15% and 35% of the Net Issue to Public, respectively, would
be on proportionate basis, in consultation with Designated Stock Exchange, subject to valid
Bids being received at or above the Issue Price.
(d) In case of over-subscription in all categories, at least 50% of the Net Issue shall be available
for allocation on a proportionate basis to QIB Bidders out of which 5% shall be available to
Mutual Funds. Mutual Funds participating in the 5% share in the QIB Portion will also be
eligible for allocation in the remaining QIB Portion. However, if the aggregate demand by
Mutual Funds is less than 5% of the QIB portion the balance Equity Shares from the portion
specifically available for allocation to Mutual Funds in the QIB Portion will first be added to
the QIB Portion and be allocated proportionately to the QIB Bidders in proportion to their
Bids. Further, at least 15% of the Net Issue shall be available for allocation on a proportionate
basis to Non-Institutional Bidders and at least 35% of the Net Issue shall be available for
allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being
received at or above the Issue Price.
(e) Under-subscription, if any, in any category except in the QIB category would be met with
spill-over from other categories at our sole discretion, in consultation with the BRLMs. If a
minimum allotment of 50% of the Net Issue is not made to the QIBs, the entire subscription
monies shall be refunded.
(f) QIB Bidders will be required to deposit the QIB Margin Amount at the time of submitting of
their Bids. After the closure of bidding, the level of subscription in the various categories
shall be determined. Based on the level of subscription additional margin money, if any, shall
be called for from the QIB Bidders. The QIB Bidders shall pay such additional margin money
within a period of two days from the date of the letter communicating the request for such
additional margin money.
(g) The BRLM, in consultation with us, shall notify the Syndicate Member of the Issue Price and
allocations to their respective Bidders, where the full Bid Amount has not been collected
from the Bidders.
(h) We reserve the right to cancel the Issue any time after the Bid/Issue Opening Date but before
Allotment without assigning any reasons whatsoever.
(i) Allocation to QIBs, Non-residents, FIIs and NRIs applying on repatriation basis will be subject
to the terms and conditions stipulated by the RBI,FIPB, if any while granting permission for
Allotment of Equity Shares to them.
248