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

There is no reservation for Non Residents, NRIs, FIIs and FVCIs and all Non Residents,
NRI, FII and FVCIs applicants will be treated on the same basis with other categories
for the purpose of allocation.
The Equity Shares have not been and will not be registered under the U.S. Securities
Act of 1933, as amended (the "Securities Act") or any state securities laws in the
United States and may not be offered or sold within the United States or to, or for the
account of benefit of, "U.S. Persons" (as defined in the Regulation S of the Securities
Act), except pursuant to any exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act. Accordingly, the Equity Shares may be
offered and sold only (i) in United States to ‘qualified institutional buyers’ as defined
in Rule 144A of the Securities Act, and (ii) outside the United States in compliance
with Regulation S and the applicable laws of the jurisdiction where those offers and
sales occur.
PAYMENT INSTRUCTIONS
The Company shall open an Escrow Accounts of the Company with the Escrow Collection Banks
for the collection of the Bid Amounts payable upon submission of the Bid cum Application Form
and for amounts payable pursuant to allocation/allotment in the Issue.
The Escrow Collection Banks will act in terms of the Red Herring Prospectus and the Escrow
Agreement. The Escrow Collection Bank(s) for and on behalf of the Bidders shall maintain the
monies in the Escrow Account. The Escrow Collection Bank(s) 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 Bank(s) shall transfer the funds
equivalent to the size of the Issue from the Escrow Account, as per the terms of the Escrow
Agreement, into the Public Issue Account with Banker(s) to the Issue. The balance amount after
transfer to the Public Issue Account shall be held for the benefit of the Bidders who are entitled
to refunds. Payments of refund to the Bidders shall also be made from the Refund Account as
per the terms of the Escrow Agreement and the Red Herring Prospectus.
The Bidders should note that the escrow mechanism is not prescribed by SEBI and has been
established as an arrangement between the Company, the members of the Syndicate, the
Escrow Collection Bank(s) and the Registrar to the Issue to facilitate collections from the
Bidders.
Payment into Escrow Account of the Company
Each Bidder shall draw a cheque or demand draft for the amount payable on the Bid and/or on
allocation as per the following terms:
1. The Bidders for whom the applicable margin is equal to 100% shall, with the submission
of the Bid cum Application Form, draw a payment instrument for the Bid Amount in
favour of the Escrow Account of the Company and submit the same to the member(s) of
the Syndicate.
2. In case where the margin amount paid by the Bidders during the Bidding/Issue Period is
less than less than 100% of the Bid Price, any difference between the amount payable
by the Bidder for Equity Shares allocated/allotted at the Issue Price and the Margin
Amount paid at the time of Bidding be paid by the Bidders into the Escrow Account of
the Company within the period specified in the CAN which shall be subject to a minimum
period of two days from the date of communication of the allocation list to the members
of the Syndicate by the BRLMs.
3. The payment instruments for payment into the Escrow Account of the Company should
be drawn in favour of:
a) In case of Resident Retail and Non Institutional Bidders: “Escrow Account – GSL
Public Issue - R ”
b) In case of Non Resident Retail and Non Institutional Bidders: “Escrow Account –
GSL Public Issue - NR”
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