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

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

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application received and a photo match will be carried out amongst all the applications processed. A print-out of the addresses will be taken to check for common names. Application with the same name and same address will be treated as multiple applications. 5. The applications will be scanned for similar DP ID and Beneficiary Account numbers. In case applications bear the same DP ID and Beneficiary Account numbers, these will be treated as multiple applications. 6. After consolidation of all the masters as described above, a print out of the same will be taken and the applications physically verified to tally signatures as also fathers/husbands names. On completion of this, the applications will be identified as multiple applications 7. Applications which do not qualify as multiple applications as per above procedure are further checked for common DP ID/beneficiary ID. In case of applications with common DP ID/ beneficiary ID, the same are manually checked to eliminate possibility of data entry error to determine if they are multiple applications. 8. Applications which do not qualify as multiple application as per above procedure are further checked for common PAN. All such matched applications with common PAN are manually checked. 9. Subsequent to the aforesaid procedures, a print out of the same will be taken and the applications physically verified to tally signatures as also fathers/husbands names. On completion of this, the applications will be identified as multiple applications. Procedure for Application by Mutual Funds In case of a mutual fund, a separate Bid can be made in respect of each scheme of the mutual fund registered with SEBI and such Bids in respect of more than one scheme of the mutual fund will not be treated as multiple Bids provided that the Bids clearly indicate the scheme concerned for which the Bid has been made. Bids made by Employees both under Employee Reservation Portion as well as in the Net Issue shall not be treated as multiple Bids. The Company and the BRLMs reserve the right to reject, in their absolute discretion, all or any of the multiple Bids in any or all categories. Permanent Account Number or PAN For all Bid(s), the Bidder or in the case of a Bid in joint names, each of the Bidders, should mention his/her Permanent Account Number (PAN) allotted under the I.T. Act. Pursuant to the circular MRD/DoP/Circ-05/2007 dated April 27, 2007, SEBI has mandated Permanent Account Number (PAN) to be the sole identification number for all participants transacting in the securities market, irrespective of the amount of the transaction with effect from July 2, 2007. Each of the Bidders, should mention his/her PAN allotted under the IT Act. Applications without this information will be considered incomplete and are liable to be rejected. It is to be specifically noted that Bidders should not submit the GIR number instead of the PAN, as the Bid is liable to be rejected on this ground. Unique Identification Number or UIN With effect from July I,2005 SEBI had decided to suspend all fresh registration for obtaining UIN and the requirement to contain/quote UIN under the SEBI MAPIN Regulations/Circulars vide its circular bearing number MAPIN/Cir-13/2005. However, in a recent press release dated December 30,2005,SEBI has approved certain policy decisions and has now decided to resume registrations for obtaining UINs in a phased manner. The press relase states that the cut off limit for obtaining UIN has been raised from the existing limit of trade order value of Rs.100,000 to Rs.500,000 or more. The limit will be reduced progressively. For trade order value of less than Rs.500,000 an option will be available to investors to obtain either the PAN or UIN. These changes are, however not effective as of the date of this Red Herring Prospectus and SEBI has stated in the press 255

elease that the changes will be implemented only after necessary amendments are made to the SEBI MAPIN Regulations. COMPANY’S RIGHT TO REJECT BIDS The Company and the members of the Syndicate reserve the right to reject any Bid without assigning any reason thereof in case of QIBs provided the reasons for rejecting the same shall be provided to such bidders in writing. In case of Non Institutional Bidders and Retail Individual Bidders, and Bidders in the Employees Reservation Portion, the Company would have the right to reject Bids only on technical grounds. Consequent refunds shall be made by cheque or pay order or draft and will be sent to the Bidder’s address at the Bidder’s risk. Grounds for Technical Rejections Bidders are advised to note that Bids are liable to be rejected on inter-alias, the following technical grounds: 1. Amount paid does not tally with the amount payable for the highest value of Equity Shares bid for, 2. Bank account details (for refund) are not given; 3. Age of First Bidder not given; 4. In case of partnership firms Equity Shares may be registered in the names of the individual partners and no firm as such shall be entitled to apply; 5. Bids by persons not competent to contract under the Indian Contract Act, 1872 including minors, insane persons; 6. PAN number not given in the Bid cum Application Form; 7. GIR number furnished instead of PAN; 8. Bids for lower number of Equity Shares than specified for that category of investor; 9. Bids at a price less than the floor of the Price Band or higher than the cap of the Price Band, 10. Bids at cut-off price by a QIB bidder or a Non Institutional Bidder, whose bid amount exceeds Rs. 100,000; 11. Bids for number of Equity Shares, which are not multiples of 70; 12. Category not ticked; 13. Multiple Bids; 14. In case of Bid under Power of Attorney or by limited companies, corporate, trust, etc., relevant documents are not submitted; 15. Bids accompanied by Stockinvest/ money order/ postal order/ cash; 16. Signature of sole and / or joint Bidders missing; 17. Bid-cum-Application Form does not have the stamp of the BRLMs or member of the Syndicate; 18. Bid-cum-Application Form does not have the Bidder’s depository account details; 19. Bid-cum-Application Forms are not submitted by the Bidders within the time prescribed as per the Bid cum Application Form, Bid/Issue Opening Date advertisement and the Red 256

application received and a photo match will be carried out amongst all the applications<br />

processed. A print-out of the addresses will be taken to check for common names.<br />

Application with the same name and same address will be treated as multiple<br />

applications.<br />

5. The applications will be scanned for similar DP ID and Beneficiary Account numbers. In<br />

case applications bear the same DP ID and Beneficiary Account numbers, these will be<br />

treated as multiple applications.<br />

6. After consolidation of all the masters as described above, a print out of the same will be<br />

taken and the applications physically verified to tally signatures as also fathers/husbands<br />

names. On completion of this, the applications will be identified as multiple applications<br />

7. Applications which do not qualify as multiple applications as per above procedure are<br />

further checked for common DP ID/beneficiary ID. In case of applications with common<br />

DP ID/ beneficiary ID, the same are manually checked to eliminate possibility of data<br />

entry error to determine if they are multiple applications.<br />

8. Applications which do not qualify as multiple application as per above procedure are<br />

further checked for common PAN. All such matched applications with common PAN are<br />

manually checked.<br />

9. Subsequent to the aforesaid procedures, a print out of the same will be taken and the<br />

applications physically verified to tally signatures as also fathers/husbands names. On<br />

completion of this, the applications will be identified as multiple applications.<br />

Procedure for Application by Mutual Funds<br />

In case of a mutual fund, a separate Bid can be made in respect of each scheme of the mutual<br />

fund registered with SEBI and such Bids in respect of more than one scheme of the mutual fund<br />

will not be treated as multiple Bids provided that the Bids clearly indicate the scheme concerned<br />

for which the Bid has been made.<br />

Bids made by Employees both under Employee Reservation Portion as well as in the Net Issue<br />

shall not be treated as multiple Bids.<br />

The Company and the BRLMs reserve the right to reject, in their absolute discretion, all or any of<br />

the multiple Bids in any or all categories.<br />

Permanent Account Number or PAN<br />

For all Bid(s), the Bidder or in the case of a Bid in joint names, each of the Bidders,<br />

should mention his/her Permanent Account Number (PAN) allotted under the I.T. Act.<br />

Pursuant to the circular MRD/DoP/Circ-05/2007 dated April 27, 2007, SEBI has mandated<br />

Permanent Account Number (PAN) to be the sole identification number for all participants<br />

transacting in the securities market, irrespective of the amount of the transaction with effect<br />

from July 2, 2007. Each of the Bidders, should mention his/her PAN allotted under the IT Act.<br />

Applications without this information will be considered incomplete and are liable to<br />

be rejected. It is to be specifically noted that Bidders should not submit the GIR number<br />

instead of the PAN, as the Bid is liable to be rejected on this ground.<br />

Unique Identification Number or UIN<br />

With effect from July I,2005 SEBI had decided to suspend all fresh registration for obtaining UIN<br />

and the requirement to contain/quote UIN under the SEBI MAPIN Regulations/Circulars vide its<br />

circular bearing number MAPIN/Cir-13/2005. However, in a recent press release dated December<br />

30,2005,SEBI has approved certain policy decisions and has now decided to resume registrations<br />

for obtaining UINs in a phased manner. The press relase states that the cut off limit for obtaining<br />

UIN has been raised from the existing limit of trade order value of Rs.100,000 to Rs.500,000 or<br />

more. The limit will be reduced progressively. For trade order value of less than Rs.500,000 an<br />

option will be available to investors to obtain either the PAN or UIN. These changes are, however<br />

not effective as of the date of this Red Herring Prospectus and SEBI has stated in the press<br />

255

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