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

Save and except refunds effected through the electronic mode i.e.. ECS, NEFT, direct credit or RTGS,
refunds will be made by cheques, payorders, or demand drafts drawn on a bank appointed by us, as a
refund bank, and payable at par at places where Bids are received, except for Bidders who have
opted to receive refunds through the electronic facility. Bank charges if any, for encashing such
cheques, payorders or Demand drafts at other centres will be payable by the Bidder.
Impersonation
Attention of the applicants is specifically drawn to the provisions of sub-section (1) of Section 68
A of the Companies Act, which is reproduced below:
“Any person who:
(a) makes in a fictitious name, an application to a company for acquiring or subscribing for,
any shares therein, or
(b) otherwise induces a company to allot, or register any transfer of shares therein to him,
or any other person in a fictitious name,
shall be punishable with imprisonment for a term which may extend to five years.”
Interest on Refund of excess Bid Amount
Our Company shall pay interest at the rate of 15% per annum on the excess Bid Amount received if
refund orders are not dispatched within 15 days from the Bid/Issue Closing Date as per the Guidelines
issued by the 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.
Basis of Allotment or Allocation
A. For Retail Individual Bidders
• Bids received from the Retail Individual Bidders at or above the Issue Price shall be grouped
together to determine the total demand under this category. The allocation to all the
successful Retail Individual Bidders will be made at the Issue Price.
• The Net Issue to Public less allocation to Non-Institutional and QIB Bidders (subject to
minimum subscription of 50% of the net issue) shall be available for allocation to Retail
Individual Bidders who have Bid in the Issue at a price, which is equal to or greater than the
Issue Price.
• If the aggregate demand in this category is less than or equal to 33,96,253 Equity Shares at or
above the Issue Price, full allocation shall be made to the Retail Individual Bidders to the
extent of their demand.
• If the aggregate demand in this category is greater than 33,96,253 Equity Shares at or above
the Issue Price, the allocation shall be made on a proportionate basis up to a minimum of [●]
Equity Shares and multiples of one Equity Shares thereafter. For the method of proportionate
basis of allotment, refer below.
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