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Annexure XIV Continued… - Edelweiss

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shared among the Selling Shareholders and our Company in the manner as agreed among our Company and<br />

the Selling Shareholders in writing in accordance with applicable law.<br />

Fees payable to the Managers and the Syndicate Members<br />

The total fees payable to the Managers and the Syndicate Members (including underwriting commission and<br />

selling commission) will be as stated in the engagement letter dated May 28, 2011, between our Company, the<br />

Selling Shareholders and the Managers, a copy of which will be made available for inspection at our<br />

Registered Office from 11.00 a.m. to 5.00 p.m. on Working Days from the date of the Red Herring Prospectus<br />

until the Closing Date.<br />

Fees payable to the Registrar to the Issue<br />

The fees payable to the Registrar to the Issue, for processing of applications, data entry, printing of<br />

CAN/refund order, preparation of refund data on magnetic tape, printing of bulk mailing register will be as per<br />

the agreement between our Company, the Selling Shareholders and the Registrar to the Issue dated May 26,<br />

2011.<br />

The Registrar to the Issue will be reimbursed for all out-of-pocket expenses including cost of stationery,<br />

postage, stamp duty and communication expenses. Adequate funds will be provided to the Registrar to the<br />

Issue to enable it to send refund orders or Allotment advice by registered post/speed post.<br />

IPO grading<br />

This Issue has been graded by [●] and has been assigned the grade of “[●]” indicating [●], through i ts letter<br />

dated [●], which is valid for a period of [●]. The IPO grading is assigned on a five point scale from 1 to 5<br />

wherein an “IPO Grade 5” indicates strong fundamentals and an “IPO Grade 1” indicates poor fundamentals.<br />

A copy of the report provided by [●], will be made available for inspection at our Registered Office.<br />

This grading expires within ●] [ from the date of the report. The rationale for the Grade assigned to our<br />

Company's IPO by [●], has been set out in its report. A summary of the rationa le for the grading assigned by<br />

[●] in its report is reproduced below:<br />

Summary of rationale for grading by the IPO Grading Agency<br />

[●]<br />

Disclaimer of IPO Grading Agency<br />

[●]<br />

Previous rights and public issues<br />

We have not made any previous rights and public issues, and are an “Unlisted Company” in terms of the ICDR<br />

Regulations and this Issue is an “Initial Public Offering” in terms of the ICDR Regulations.<br />

Previous issues of shares otherwise than for cash<br />

Except as stated in the sections titled “Capital Structure” and “History and Certain Corporate Matters”<br />

beginning on pages 81 and 196, respectively, of this Draft Red Herring Prospectus, we have not issued any<br />

Equity Shares for consideration other than for cash.<br />

Underwriting commission, brokerage and selling commission on Previous Issues<br />

We have not made any previous public issues. Therefore, no sum has been paid or is payable as commission or<br />

brokerage for subscribing to or procuring for, or agreeing to procure subscription for any of the Equity Shares<br />

of our Company since its inception.<br />

Listed companies under the same Management<br />

389

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