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

Kandivali (West), Mumbai – 400 067
Tel: +91-22-2863 3384/85/96/97
Fax +91-22-2863 3390
E-mail: ipo@sejalglass.co.in
Website: www.sejalglass.com
Investors can contact the Compliance Officer or the Registrar to the Issue in case of any pre-Issue
or post-Issue related problems such as non-receipt of letters of allotment, credit of allotted
shares in the respective beneficiary accounts, refund orders, etc.
Disposal of Applications and Applications Money
We shall ensure dispatch of allotment advice and/or refund orders/refund advice (in case refunds
made through ECS/ Direct Credit, RTGS, NEFT) as the case may be giving credit to the Beneficiary
Account of the Bidders with their respective Depository Participant and submission of the allotment
and listing documents to the Stock Exchanges within two working days of finalization of the basis of
allotment of Equity Shares. The mode of dispatch of refunds shall be as mentioned in the paragraph
titled “Mode of Making Refunds” beginning on page [•] of this Draft Red Herring Prospectus. Where
refunds are made through electronic transfer of funds, a suitable communication will be sent to the
Bidders within 15 days of closure of the issue, giving details of the Bank where refund will be
credited along with amount and expected date of electronic credit of refund.
The bank account details for ECS, Direct Credit, RTGS, National Electronic Funds Transfer (NEFT)
credit will be directly taken from the depositories’ database and hence Bidders are required to
ensure that bank details including the nine digit MICR code (Magnetic Ink Character Recognition)
maintained at the depository level are updated and correct.
Our Company shall use best efforts to ensure that all steps for completion of the necessary
formalities for listing and commencement of trading at the Stock Exchanges where the Equity Shares
are proposed to be listed are taken within 7 (seven) working days of finalisation of the basis of
allotment. In accordance with the Companies Act, the requirements of the Stock Exchanges and SEBI
Guidelines, we further undertake that:
• Allotment shall be made only in dematerialised form within 15 (fifteen) days of the Bid/Issue
Closing Date;
• Dispatch refund orders within 15 (fifteen) days of the Bid/Issue Closing Date would be ensured;
and
• We shall pay interest at 15% (fifteen) per annum (for any delay beyond the 15 (fifteen)-day time
period as mentioned above), if allotment is not made and refund orders are not dispatched
and/or demat credits are not made to investors within the 15 (fifteen)-day time prescribed above
as per the Guidelines issued by GoI, Ministry of Finance pursuant to their letter no. F/8/S/79
dated July 31, 1983, as amended by their letter no. F/14/SE/85 dated September 27, 1985,
addressed to the Stock Exchanges, and as further modified by SEBI’s Clarification XXI dated
October 27, 1997, with respect to the SEBI Guidelines.
We will provide adequate funds required for dispatch of refund orders/advice or allotment advice
to the Registrar to the Issue.
No separate receipts shall be issued for the money payable on the submission of Bid-cum-Application
Form or Revision Form. However, the collection centre of the Syndicate Member will acknowledge
the receipt of the Bid-cum-Application Forms or Revision Forms by stamping and returning to the
Bidder the acknowledgement slip. This acknowledgement slip will serve as the duplicate of the Bidcum-Application
Form for the records of the Bidder.
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