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

application value and make upfront disclosures in this regard, in the offer document. In
the event of any revision in the Price Band, whether upwards or downwards, the
minimum application size shall remain 70 Equity Shares irrespective of whether the Bid
Amount payable on such minimum application is not in the range of Rs. 5000 to Rs.
7000.
10. During the Bidding/Issue Period, any Bidder who has registered his or her interest in the
Equity Shares at a particular price level is free to revise his or her Bid within the Price
Band using the printed Revision Form, which is a part of the Bid cum Application Form.
11. Revisions can be made in both the desired number of Equity Shares and the Bid price by
using the Revision Form. Apart from mentioning the revised options in the revision form,
the Bidder must also mention the details of all the options in his or her Bid cum
Application Form or earlier Revision Form. For example, if a Bidder has Bid for three
options in the Bid cum Application Form and he is changing only one of the options in the
Revision Form, he must still fill the details of the other two options that are not being
revised, in the Revision Form. The members of the Syndicate will not accept incomplete
or in accurate Revision Forms.
12. The Bidder can make this revision any number of times during the Bidding/Issue Period.
However, for any revision(s) in the Bid, the Bidders will have to use the services of the
same members of the Syndicate through whom he or she had placed the original Bid.
13. Bidders are advised to retain copies of the blank Revision Form and the revised Bid
must be made only in such Revision Form or copies thereof.
14. Any revision of the Bid shall be accompanied by payment in the form of cheque or
demand draft for the incremental amount, if any, to be paid on account of the upward
revision of the Bid. The excess amount, if any, resulting from downward revision of the
Bid would be returned to the Bidder at the time of refund in accordance with the terms
of this Red Herring Prospectus. In case of QIB Bidders, the BRLMs and/or their affiliates,
shall collect the payment in the form of cheque or demand draft for the incremental
amount in the QIB Margin Amount, if any, to be paid on account of the upward revision
of the Bid at the time of one or more revisions by the QIB Bidders.
15. When a Bidder revises his or her Bid, he or she shall surrender the earlier TRS and get a
revised TRS from the members of the Syndicate. It is the responsibility of the Bidder
to request for and obtain the revised TRS, which shall act as proof of his or her
having revised the previous Bid.
16. For ASBA process, please refer section “Issue Procedure for ASBA Bidders” in the Red
Herring Prospectus.
Application in the Issue
Equity Shares being issued through the Red Herring Prospectus can be applied for in the
dematerialized form only.
Escrow Mechanism
The Company and members of the Syndicate shall open Escrow Accounts with one or more
Escrow Collection Bank(s) in whose favour the Bidder shall make out the cheque or demand
draft in respect of his or her Bid and/or revision of the Bid. Cheques or demand drafts received
for the full Bid amount / Margin Amount from Bidders in a certain category would be deposited in
the Escrow Account of the Company. The Escrow Collection Banks will act in terms of the Red
Herring Prospectus and an Escrow Agreement. The monies in the Escrow Account of the
Company shall be maintained by the Escrow Collection Bank(s) for and on behalf of the Bidders.
The Escrow Collection Bank shall not exercise any lien whatsoever over the monies deposited
therein, and shall hold the monies therein in trust for the Bidders. On the Designated Date, the
Escrow Collection Banks shall transfer the monies from the Escrow Account to the Public Issue
Account and the Refund Account with the Bankers to the Issue in terms of the Escrow
Agreement with the Company and as per Red Herring Prospectus.
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