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RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

RED HERRING PROSPECTUS Dated August 24 ... - Globus Spirits

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above this Issue price and cut-off bids are valid bids and are considered for allocation in<br />

respective category.<br />

Bidding/Issue Programme<br />

BID/ISSUE OPENS ON Monday, <strong>August</strong> 31, 2009<br />

BID/ISSUE CLOSES ON Wednesday, September 2, 2009<br />

Bids and any revision in Bids shall be accepted only between 10.00 a.m. and 3.00 p.m. (Indian<br />

Standard Time) during the Bidding Period as mentioned above at the bidding centres mentioned<br />

on the Bid cum Application Form. On the Bid/Issue Closing Date, Bids (excluding the ASBA<br />

Bidders) shall be uploaded until (i) 4.00 p.m. in case of Bids by QIB Bidders, Non- Institutional<br />

Bidders and Eligible Employees bidding under the Employee Reservation Portion where the Bid<br />

Amount is in excess of Rs. 100,000 and (ii) until 5.00 p.m. or such extended time as permitted<br />

by the NSE and the BSE, in case of Bids by Retail Individual Bidders and Eligible Employees<br />

bidding under the Employee Reservation Portion where the Bid Amount is up to Rs. 100,000. It<br />

is clarified that Bids not uploaded in the book, would be rejected. Bids by ASBA Bidders shall be<br />

uploaded by the SCSB in the electronic system to be provided by the NSE and the BSE.<br />

In case of discrepancy in the data entered in the electronic book vis-à-vis the data contained in<br />

the physical Bid form, for a particular bidder, the details as per physical application form of that<br />

Bidder may be taken as the final data for the purpose of allotment. In case of discrepancy in the<br />

data entered in the electronic book vis-à-vis the data contained in the physical or electronic Bid<br />

cum Application Form submitted through the ASBA process, for a particular ASBA Bidder, the<br />

Registrar to the Issue shall ask for rectified data from the SCSB.<br />

Due to limitation of time available for uploading the Bids on the Bid/Issue Closing date, the<br />

bidders are advised to submit their Bids one day prior to the Bid/Issue Closing Date and, in any<br />

case, no later than the times mentioned above on the Bid/Issue Closing Date. All times are<br />

Indian Standard Time. Bidders are cautioned that in the event a large number of Bids are<br />

received on the Bid/Issue Closing Date, as is typically experienced in pubic offerings, some Bids<br />

may not get uploaded due to lack of sufficient time. Such Bids that cannot be uploaded will not<br />

be considered for allocation under the Issue. If such Bids are not uploaded, the Issuer, BRLMs<br />

and Syndicate members will not be responsible. Bids will be accepted only on Business Days,<br />

i.e., Monday to Friday (excluding any public holidays).<br />

The Company reserves the right to revise the Price Band during the Bid/Issue Period in<br />

accordance with the SEBI Guidelines provided that the Cap Price is less than or equal to 20% of<br />

the Floor Price. The Floor Price can be revised up or down to a maximum of 20% of the Floor<br />

Price advertised at least one day before the Bid /Issue Opening Date.<br />

In case of revision of the Price Band, the Issue Period will be extended for three additional<br />

working days after revision of the Price Band subject to the total Bid /Issue Period not exceeding<br />

10 working days. Any revision in the Price Band and the revised Bid/Issue, if applicable, will be<br />

widely disseminated by notification to the BSE and the NSE, by issuing a press release and also<br />

by indicating the changes on the web sites of the BRLMs and at the terminals of the Syndicate.<br />

Bid-cum-Application Form<br />

Bidders other than ASBA investors shall only use the specified Bid- cum- Application Form<br />

bearing the stamp of a member of the Syndicate for the purpose of making a Bid in terms of the<br />

Red Herring Prospectus. The Bidder other than ASBA investors shall have the option to make a<br />

maximum of three Bids in their Bid-cum-Application Form and such options shall not be<br />

considered as multiple bids. Upon the allocation of Equity Shares, despatch of the Confirmation<br />

of Allocation Note and filing of Prospectus with the RoC, the Bid-cum-Application Form shall be<br />

considered as the application form. Upon completing and submitting of the Bid-cum Application<br />

Form to a member of the Syndicate, the Bidder is deemed to have authorised the Company to<br />

make the necessary changes in the Red Herring Prospectus and Bid-cum-Application Form as<br />

would be required for filing the Prospectus with ROC and as would be required by the ROC after<br />

such filing, without prior or subsequent notice of such changes to the Bidder.<br />

ASBA Bidders shall submit an ASBA Bid cum Application Form either in physical or electronic<br />

form to the SCSB authorising blocking funds that are available in the bank account specified in<br />

the ASBA Bid cum Application Form used by ASBA Bidders. The ASBA Bidders can only provide<br />

232

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