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

minimum of 70 Equity Shares and in multiples of one equity shares thereafter. The
method of proportionate basis of allotment is stated below.
B. For Non-Institutional Bidders
• Bids received from Non-Institutional Bidders at or above the Issue Price shall be grouped
together to determine the total demand under this portion. The allotment to all
successful Non-Institutional Bidders will be made at the Issue Price.
• The Issue size less allotment to QIBs Bidders and Retail Individual Bidders shall be
available for allocation to Non-Institutional Bidders who have bid in the Issue at a price
that is equal to or greater than the Issue Price.
• If the aggregate demand in this category is less than or equal to 11,17,500 Equity
Shares at or above the Issue Price, full allotment shall be made to Non-Institutional
Bidders to the extent of their demand.
• In case the aggregate demand in this category is greater than 11,17,500 Equity Shares
at or above the Issue Price, allocation shall be made on a proportionate basis up to a
minimum of 70 Equity Shares and in multiples of one equity shares thereafter. The
method of proportionate basis of allotment is stated below.
C. For QIB Bidders
• Bids received from the QIB Bidders at or above the Issue Price shall be grouped together
to determine the total demand under this portion. The allotment to all the QIB Bidders
will be made at the Issue Price.
• The QIB Portion shall be available for allocation to QIB Bidders who have bid in the Issue
at a price that is equal to or greater than the Issue Price.
However, eligible Bids by Mutual Funds only shall first be considered for allocation
proportionately in the Mutual Funds Portion. After completing proportionate allocation to
Mutual Funds for 1,86,250 Equity Shares (the Mutual Funds Portion), the remaining
demand by Mutual Funds, if any, shall then be considered for allocation proportionately,
together with Bids by other QIBs, in the remainder of the QIB Portion (i.e. after
excluding the Mutual Funds Portion). For the method of allocation in the QIB Portion, see
the paragraph titled “Illustration of Allotment to QIBs” appearing below. If the valid Bids
by Mutual Funds are for less than 1,86,250 Equity Shares, the balance Equity Shares
available for allocation in the Mutual Funds Portion will first be added to the QIB Portion
and allocated proportionately to the QIB Bidders. For the purposes of this paragraph it
has been assumed that the QIB Portion for the purposes of the Issue amounts to 50% of
the Issue size, i.e. 37,25,000 Equity Shares
• Allotment shall be undertaken in the following manner:
a. In the first instance allocation to Mutual Funds for up to 5% of the QIB Portion shall be
determined as follows:
i. In the event that Mutual Fund Bids exceeds 5% of the QIB Portion, allocation to
Mutual Funds shall be done on a proportionate basis for up to 5% of the QIB
Portion.
ii.
iii.
In the event that the aggregate demand from Mutual Funds is less than 5% of
the QIB Portion then all Mutual Funds shall get full allotment to the extent of
valid bids received above the Issue Price.
Equity Shares remaining unsubscribed, if any, not allocated to Mutual Funds shall
be available for allotment to all QIB Bidders as set out in (b) below;
b. In the second instance allotment to all QIBs shall be determined as follows:
i. In the event that the oversubscription in the QIB Portion, all QIB Bidders who
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