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

After the determination of Issue Price, the following steps would be taken
(a) Upon approval of the Basis of Allotment by the Designated Stock Exchange, the BRLM
or Registrar to the Issue shall send to the Syndicate Member a list of their Bidders who have
been Allocated Equity Shares in the Issue. The approval of the basis of allocation by
Designated Stock Exchange for QIB Bidders maybe done simultaneously with or before the
approval of the basis of allocation for the Retail Individual Bidders and Non Institutional
Bidders. However, investors should note that, we shall ensure that the date of Allotment of
the Equity Shares to all the investors in this issue shall be done on the same date.
(b) The BRLM or Syndicate Members would then send the CAN to their Bidders who have been
allocated Equity Shares in the Issue. The dispatch of a CAN shall be deemed a valid, binding
and irrevocable contract for the Bidder to pay the entire Issue Price for all the Equity Shares
allocated to such Bidder. Those QIB Bidders who have not paid the Bid Amount in full into the
Escrow Account at the time of bidding shall pay in full the amount payable into the Escrow
Account by the Pay-in Date specified in the CAN.
(c) Bidders who have been allocated Equity Shares and who have already paid the Margin Amount
for the said Equity Shares into the Escrow Account at the time of bidding shall directly
receive the CAN from the Registrar to the Issue subject, however, to realization of their
cheque or demand draft paid into the Escrow Account. The dispatch of a CAN shall be
deemed a valid, binding and irrevocable contract for the Bidder to pay the entire Issue Price
for all the Equity Shares to be allotted to such Bidder.
(d) The issuance of CAN is subject to “Notice to QIB’s: Allotment Reconciliation” as mentioned
above.
Designated Date and Allotment of Equity Shares
(a) We shall ensure the allotment of Equity Shares is done within 15 days of Bid/Issue Closing
Date. After the funds are transferred from the Escrow Account to the Public Issue Account
and the Refund Account on the Designated Date, we would ensure the credit to the successful
Bidders depositories account of the allotted Equity Shares to the allottees within two working
days of the date of allotment. In case we fail to make allotment within 15 days of the Bid/
Issue Closing Date, interest would be paid to the investors @15% p.a.
(b) All allottees will receive credit for the Equity Shares directly in their depository account. As
per SEBI Guidelines, equity Shares will be issued only in the dematerialized form to the
Allottees. Allottees will have the option to re-materialize the Equity Shares so allotted, if
they so desire, as per the provisions of the Companies Act and the Depositories Act.
(c) Investors are advised to instruct their Depository Participant to accept the Equity Shares that
may be credited to their depository account to them pursuant to Allotment in this Issue.
GENERAL INSTRUCTIONS
Do’s:
a) Check if you are eligible to apply having regard to applicable laws, rules, regulation,
guidelines and approvals and the terms of this Draft Red Herring Prospectus.
b) Complete the Bid-cum-Application Form(White or Blue in Colour, as the case may be) after
reading all the instructions carefully;
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