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

designated stock exchange, and subject to valid bids being received at or above the
Issue Price.
d. Under-subscription, if any, in any category, would be allowed to be met with spill over
from any of the other categories, at the sole discretion of the Company in consultation
with the BRLMs and the Designated Stock Exchange. However if the aggregate demand
by mutual funds is less than 1,86,250 equity shares, the balance equity shares available
for allocation in the mutual fund portion will be first added to the QIB portion and be
allotted proportionately to the QIB bidders. Any under subscription in equity shares
reserved for allocation to Eligible Employees would be treated as a part of the Net Issue
and allocated in accordance with the basis of allotment described in the section titled
“Basis of Allotment” on page no. 257 of this Red Herring Prospectus.
e. Under-subscription, if any, in the Employee Reservation portion will be added back to the
Net Issue and the ratio amongst the investor categories will be at the discretion of the
Company and the BRLMs. In case of under- subscription in the Net Issue, spill over to
the extent of under-subscription shall be permitted from the Employee Reservation
Portion.
f. Allocation to all investors including eligible NRIs, FIIs, foreign venture capital funds
registered with SEBI applying on repatriation basis will be subject to applicable laws,
rules, regulations, guidelines and approvals.
g. The BRLMs and the Company shall intimate the Syndicate Members of the Issue Price
and allocations to their respective Bidders, where the full Bid Amount has not been
collected from the Bidders.
h. The Company reserves the right to cancel the Issue any time after the Bid/Issue
Opening Date but before the allotment without assigning reasons therefore. In terms of
the SEBI Guidelines, QIB Bidders shall not be allowed to withdraw their Bid after the
Bid/Issue Closing Date.
i. The allotment details shall be put on the websites of the Registrar to the Issue.
j. For ASBA process, please refer section “Issue Procedure for ASBA Bidders” in the Red
Herring Prospectus.
Notice to QIBs: allotment reconciliation
After the Bid/Issue Closing Date, an electronic book will be prepared by the Registrar on the
basis of Bids uploaded on the BSE/NSE system. Based on the electronic book, QIBs may be sent
a CAN, indicating the number of Equity Shares that may be allocated to them. This CAN is
subject to the basis of final Allotment, which will be approved by the Designated Stock Exchange
and reflected in the reconciled book prepared by the Registrar. Subject to SEBI Guidelines,
certain Bid applications may be rejected due to technical reasons, non-receipt of funds,
cancellation of cheques, cheque bouncing, incorrect details, etc., and these rejected applications
will be reflected in the reconciliation and basis of Allotment as approved by the Designated Stock
Exchange. As a result, a revised CAN may be sent to QIBs, and the allocation of Equity Shares in
such revised CAN may be different from that specified in the earlier CAN. QIBs should note that
they may be required to pay additional amounts, if any, by the Pay-in Date specified in the
revised CAN, for any increased allocation of Equity Shares. The CAN will constitute the valid,
binding and irrevocable contract (subject only to the issue of a revised CAN) for the QIB to pay
the entire Issue Price for all the Equity Shares allocated to such QIB. The revised CAN, if issued,
will supersede in entirety the earlier CAN.
Signing of Underwriting Agreement and ROC Filing
a. The Company, the BRLMs, and other Syndicate Members shall enter into an Underwriting
Agreement on finalization of the Issue Price and allocation(s)/allotment to the Bidders.
b. After signing the Underwriting Agreement, the Company would update and file the
updated Red Herring Prospectus with ROC, which then would be termed ‘Prospectus’.
The Prospectus would have details of the Issue Price, Issue size, underwriting
arrangements and would be complete in all material respects.
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