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

2. In accordance with the SEBI guidelines, the Company, in consultation with the BRLMs,
can revise the Price Band during the Bidding/Issue period, by informing the stock
exchanges and issuing a press release and notification on the terminal of the Syndicate
Members, in which case the Bidding Period shall be extended further for a period of three
additional working days, subject to the total Bidding / Issue Period not exceeding ten
working days. The cap on the Price Band should not be more than 20% of the floor of
the Price Band. Subject to compliance with the immediately preceding sentence, the
floor of Price Band can move up or down to the extent of 20% of the floor of the Price
Band disclosed in the Red Herring Prospectus.
3. In case of revision in the Price Band, the Issue Period will be extended for three
additional days after revision of Price Band subject to a maximum of 10 (ten) working
days. Any revision in the Price Band and the revised Bidding/Issue period, if applicable,
will be widely disseminated by notification to BSE and NSE, by issuing a public notice in
two widely circulated newspapers (one each in English and Hindi) and, also indicating the
change on the relevant websites of the BRLMs and the websites and the terminals of the
Syndicate Members.
4. The Company, in consultation with the BRLMs, can finalize the Issue Price within the
Price Band without the prior approval of, or intimation, to the Bidders.
5. The Bidder can bid at any price within the Price Band. The Bidder can bid for the desired
number of Equity Shares at a specific price. Retail Individual Bidders and Bidders in the
Employees Reservation Portion may bid applying for a maximum Bid in any of Bidding
Options not exceeding upto Rs 100,000 may bid at “Cut-off”. However, bidding at “Cutoff”
is prohibited for QIB or Non Institutional Bidders bidding or Eligible Employees for
more than Rs.100,000 and such Bids from QIBs, Non Institutional Bidders and Eligible
Employees will be rejected.
6. Retail Individual Bidders and Employees who bid at the Cut-Off price agree that they
shall purchase the Equity Shares at the Issue Price, as finally determined which would be
a price within the Price Band. Retail Individual Bidder bidding at Cut-Off price shall and
Eligible Employees bidding under the Employee Reservation Portion bidding at Cut-Off
price shall submit bid – cum – application form along with a cheque / demand draft for
the Bid Amount based on the cap of the Price Band in the Escrow Account. In the event
the Bid Amount is higher than the subscription amount payable by the Retail Individual
Bidders and Bidders in the Employee Reservation Portion (i.e., the total number of
Equity Shares allocated in the Issue multiplied by the Issue Price), who bid at Cut-off
price, the Retail Individual Bidders and Eligible Employees who bid at Cut-off price shall
receive the refund of the excess amounts from the respective refund or Escrow Account.
7. In case of an upward revision in the Price Band announced as above, Retail Individual
Bidders and Bidders in the Employee Reservation Portion who had Bid at Cut off Price
could either (i) revise their Bid or (ii) make additional payment based on the cap of the
revised Price Band (such that the total amount i.e., original Bid Amount plus additional
payment does not exceed Rs. 100,000 if the Bidder wants to continue to Bid at Cut-off
Price), with the members of the Syndicate to whom the original Bid was submitted. In
case the total amount (i.e., original Bid Amount plus additional payment) exceeds Rs.
100,000, the Bid will be considered for allocation under the Non-Institutional Portion in
terms of this Red Herring Prospectus. If, however, the Bidder does not either revise the
Bid or make additional payment and the Issue Price is higher than the cap of the Price
Band prior to revision, the number of Equity Shares Bid for shall be adjusted downwards
for the purpose of Allotment, such that no additional payment would be required from
the Bidder and the Bidder is deemed to have approved such revised Bid at Cut-off Price.
8. In case of a downward revision in the Price Band, announced as above, Retail Individual
Bidders and Bidders in the Employee Reservation Portion who have Bid at Cut-off could
either revise their Bid or the excess amount paid at the time of bidding would be
refunded from the respective refund or Escrow Account, as the case may be.
9. The minimum application value shall be within the range of Rs. 6300 to Rs. 7000. The
issuer company, in consultation with the BRLMs, shall stipulate the minimum application
size (in terms of number of shares) falling within the aforesaid range of minimum
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