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

Grounds for Technical Rejections
Bidders are advised to note that Bids are liable to be rejected among others on the following
technical grounds:
1) Amount paid doesn’t tally with the amount payable for the highest value of Equity Shares
Bid for;
2) Bank account details (for refund) are not given
3) Age of first Bidder not given;
4) In case of partnership firms, Equity Shares may be registered in the names of the individual
partners and no such partnership firm, shall be entitled to apply; 5. Bids by Non Residents, if
not in compliance with the appropriate foreign and Indian laws;
5) NRIs, except Eligible NRIs.
6) Bids by persons not competent to contract under the Indian Contract Act, 1872, including
minors, insane persons;
7) PAN photocopy/PAN communication/ Form 60 or Form 61 declaration along with documentary
evidence in support of address given in the declaration, not given regardless of the size of the
Bid;
8) GIR number furnished instead of PAN;
9) Bids for lower number of Equity Shares than specified for that category of investors;
10) Bids at a price less than lower end of the Price Band;
11) Bids at a price more than the higher end of the Price Band;
12) Bids at Cut-off Price by Non-Institutional Bidders and QIB Bidders;
13) Bids for number of Equity Shares which are not in multiples of [●];
14) Category not ticked;
15) Multiple Bids as defined in this Draft Red Herring Prospectus;
16) In case of Bid under power of attorney or by limited companies, corporate, trust etc.,
relevant documents are not submitted;
17) Bids accompanied by Stock Invest/ money order/postal order/cash;
18) Signature of sole and / or joint Bidders missing;
19) Bid-cum-Application Form does not have the stamp of the BRLM or Syndicate Member;
20) Bid-cum-Application Form does not have Bidder’s depository account details;
21) In case no corresponding record is available with the Depository that matches three
parameters: name of Bidder (including sequence of names of joint holders), Depository
Participant identification number and beneficiary account number;
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