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

(iii) Under-subscription below 5% of the QIB Portion, if any, from Mutual Funds, would be
included for allocation to the remaining QIB Bidders on a proportionate basis.
(c) The aggregate allocation to QIB Bidders shall not be less than 48,51,790 Equity Shares.
Under-subscription, if any, in the Non-Institutional and Retail Individual categories would be allowed
to be met with spill over from any other category at the sole discretion of our Company and the
BRLM.
Procedure and Time Schedule for allotment and demat credit of Equity
The Issue will be conducted through a “100% Book Building Process” pursuant to which the
Underwriters will accept Bids for the Equity Shares during the Bidding Period. The Bidding Period will
commence on [●] and expire on [●]. Following the expiration of the Bidding Period, our Company, in
consultation with the BRLM, will determine the Issue Price, and, in consultation with the BRLM, the
basis of allocation and entitlement to allotment based on the Bids received and subject to the
confirmation by the BSE. Successful Bidders will be provided with a confirmation of their allocation
and will be required to pay any unpaid amount for the Equity Shares within a prescribed time. The
Prospectus will be filed with SEBI and the Registrar of Companies and will be made available to
investors. SEBI Guidelines require our Company to complete the allotment to successful Bidders
within 15 days of the expiration of the Bidding Period. The Equity Shares will then be credited and
allotted to the investors’ demat accounts maintained with the relevant depository participant. Upon
approval by the Stock Exchanges, the Equity Shares will be listed and trading will commence. This
typically takes three trading days from the date of crediting the investor’s demat account, subject to
final approval by the Stock Exchanges.
Method of Proportionate Basis of Allotment
In the event the Issue is over-subscribed, the basis of allotment shall be finalised by our Company in
consultation with the Designated Stock Exchange. The Executive Director or Managing Director (or
any other senior official nominated by them) of the Designated Stock Exchange along with the BRLM
and the Registrar to the Issue shall be responsible for ensuring that basis of allotment is finalised in a
fair and proper manner. Allotment to Bidders shall be as per the basis of allocation as set out in this
Prospectus under “Issue Structure”.
a) Bidders will be categorised according to the number of Equity Shares applied for.
b) The total number of Equity Shares to be allotted to each category, as a whole shall be arrived at
on a proportionate basis, which is the total number of Equity Shares applied for in that category
(number of Bidders in the category multiplied by number of Equity Shares applied for) multiplied
by the inverse of the over-subscription ratio.
c) Number of Equity Shares to be allotted to the successful Bidders will be arrived at on a
proportionate basis which is total number of Equity Shares applied for by each Bidder in that
category multiplied by the inverse of the over-subscription ratio in that category subject to
minimum allotment of [●] Equity Shares. The minimum allotment lot shall be the same as the
minimum application lot irrespective of any revisions to the Price Band.
d) In case the proportionate allotment to any Bidders is in fractions, then the same would be
rounded off to nearest integer.
e) In all Bids where the proportionate allotment is less than [●] per Bidder, the allotment shall be
made as follows:
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