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

22) Bid-cum-Application Forms are not delivered by the Bidders within the time prescribed as per
the Bid-cum-Application Form, Bid/Issue Opening Date advertisement and this Draft Red
Herring Prospectus and as per the instructions in this Draft Red Herring Prospectus and the
Bid-cum-Application Form;
23) Bids for amounts greater than the maximum permissible amounts prescribed by the
regulations. For details, please refer the section titled “Issue Procedure - Maximum and
Minimum Bid Size” beginning on page [•] of this Draft Red Herring Prospectus;
24) Bids by OCBs
25) Bids by US persons other than “qualified institutional buyers” as defined in Rule 144A of the
Securities Act or other than in reliance on Regulation S under the Securities Act; and
26) Bids by any persons outside India if not in compliance with applicable foreign and Indian laws.
27) Bids by QIBs not submitted through the members of the syndicate
28) Bids by any person resident outside India, if not in compliance with applicable foreign and
Indian laws.
29) Bids not uploaded in the Book would be rejected;
30) Bids by NRIs not disclosing their residential status;
31) Bid in respect of which Bid cum Application form do not reach the Registrar prior to the
finalization of the basis of allotment;
32) Bids where clear funds are not available in Escrow Accounts as per final certificate from the
Escrow Collection Banks;
33) Any other reason which the BRLM or our Company deem necessary
Equity Shares in Dematerialized Form with NSDL or CDSL
As per the provisions of Section 68B of the Companies Act, the Equity Shares in this Issue shall be
allotted only in a dematerialized form, (i.e. not in the form of physical certificates but be fungible
and be represented by the statement issued through the electronic mode).
In this context, two agreements have been signed among us, the respective Depositories and the
Registrar to the Issue:
a) A tripartite agreement dated [●] with NSDL, us and Intime Spectrum Regisrty Limited, Registrar to
the Issue;
b) A tripartite agreement dated [●] with CDSL, us and Intime Spectrum Regisrty Limited, Registrar to
the Issue.
All Bidders can seek allotment only in dematerialized mode. Bids from any Bidder without
relevant details of his or her Depository Account are liable to be rejected.
a) A Bidder applying for Equity Shares must have atleast one beneficiary account with either of the
Depository Participants of either NSDL or CDSL prior to making the Bid.
260