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

• Each successful Bidder shall be allotted a minimum of [●] Equity Shares; and
• The successful Bidders out of the total Bidders for a category shall be determined by draw of
lots in a manner such that the total number of Equity Shares allotted in that category is
equal to the number of Equity Shares calculated in accordance with (c) above.
f) If the proportionate allotment to a Bidder is a number that is more than [●] but is not a multiple
of 1 (which is the marketable lot), the number in excess of the multiple of 1 would be rounded
off to the higher multiple of 1 if that number is 0.5 or higher. If the number is lower than 0.5, it
would be rounded off to the lower multiple of 1. All Bidders in such categories would be allotted
Equity Shares arrived at after such rounding off.
Letters of Allotment or Refund Orders
We shall give credit of Equity Shares allotted to the beneficiary account with Depository Participants
within 2 working days of finalization of Basis of Allotment. Applicants residing at 15 centres where
clearing houses are managed by the Reserve Bank of India (RBI) will get refunds through ECS only
(subject to availability of all information for crediting the refund through ECS) except where
applicant is otherwise disclosed as eligible to get refunds through direct credit, RTGS, or NEFT. In
case of other applicants, we shall ensure dispatch of refund orders, if any, of value up to Rs. 1,500
by “Under Certificate of Posting”, and shall dispatch refund orders above Rs. 1,500, if any, by
registered post or speed post. Applicants to whom refunds are made through Electronic transfer of
funds will be sent a letter through ordinary post intimating them about the mode of credit, the bank
where their refund shall be credited (as per details given to the Depository Participant), alongwith
the amount and the expected date of electronic credit of refund within 15 working days of closure of
Issue.
We shall ensure dispatch of refund orders/advice, if any, by “Under Certificate of Posting” or
registered post or speed post or Electronic Clearing Service or Direct Credit or RTGS, as applicable,
only at the sole or First Bidder’s sole risk within 15 days of the Bid /Issue Closing Date, and adequate
funds for making refunds to unsuccessful applicants as per the mode(s) disclosed shall be made
available to the Registrar to the Issue by the issuer.
In accordance with the Companies Act, the requirements of the Stock Exchanges and the SEBI
Guidelines, we further undertake that:
• Allotment of Equity Shares will be made only in dematerialised form within 15 working days
from the Bid/Issue Closing Date;
• Dispatch of refund orders will be done within 15 working days from the Bid/Issue Closing
Date;
• We shall pay interest at 15% per annum (for any delay beyond the 15 day time period as
mentioned above), if allotment is not made, refund orders/advice are not dispatched and in
case where a refund is made through electronic mode, the refund instruction have not been
given to the clearing system and/or demat credits are not made to investors within the 15
working day time prescribed above as per the guidelines issued by the Government of India,
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. Refunds will be made by cheques, pay-orders or demand drafts drawn on a
the Refund Bank and payable at par at places where Bids are received, except for Bidders who have
opted to receive refunds through the Electronic mode i.e. RTGS, ECS or NEFT facility. Bank charges,
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