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Annexure XIV Continued… - Edelweiss

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In case of ASBA Bidders, the SCSB shall be authorised to block such funds in the bank account of the ASBA Bidder<br />

that are specified in the ASBA Bid cum Application Form.<br />

Our Company and Pineridge, in consultation with the Managers, may decide to offer a discount of up to [●]% of the<br />

Issue Price, amounting ` [●], to Retail Individual Bidders and Eligible Employees.<br />

In case the Bid cum Application Form is submitted in joint names, the Bidders should ensure that the demat account is<br />

also held in the same joint names and are in the same sequence in which they appear in the Bid cum Application<br />

Form.<br />

Withdrawal of the Issue<br />

Our Company and / or any of the Selling Shareholders, in consultation with the Managers, reserve the right not<br />

to proceed with the Issue anytime after the Issue Opening Date but before the Allotment of Equity Shares. In<br />

such an event the Company shall issue a public notice in the newspapers (including the reasons for such<br />

withdrawal), in which the pre-Issue advertisements were published, within two days of the Issue Closing Date.<br />

Our Company shall also inform the same to the Stock Exchanges on which the Equity Shares are proposed to<br />

be listed and the Managers, through the Registrar to the Issue, shall notify the SCSBs to unblock the accounts<br />

of the ASBA Bidders.<br />

If our Company and / or any of the Selling Shareholders withdraws the Issue after the Issue Closing Date and<br />

our Company, thereafter determines that it will proceed with an initial public offering of its Equity Shares, our<br />

Company shall file a fresh draft red herring prospectus with SEBI. Notwithstanding the foregoing, the Issue is<br />

also subject to obtaining (i) final listing and trading approvals of the Stock Exchanges, which our Company<br />

shall apply for after Allotment; and (ii) the final approval of the RoC, after the Prospectus is filed with the<br />

RoC.<br />

Issue Programme<br />

ISSUE OPENS ON [●] *<br />

ISSUE FOR QIBS CLOSES ON<br />

ISSUE FOR RETAIL AND NON INSTITUTIONAL<br />

INVESTORS (INCLUDING ELIGIBLE EMPLOYEES<br />

BIDDING UNDER THE EMPLOYEE RESERVATION<br />

PORTION) CLOSES ON<br />

______________________<br />

[●]**<br />

* Our Company, in consultation with the Managers, may consider participation by Anchor Investors. The<br />

Anchor Investor Bidding Date shall be one Working Day prior to the Issue Opening Date.<br />

** Our Company, in consultation with the Managers, may decide to close the Issue Period for QIBs one<br />

Working Day prior to the Issue Closing Date subject to the following:<br />

a) the Bidding shall be kept open for a minimum of 3 days for all categories of applicants; and<br />

b) appropriate disclosures shall be included in the Red Herring Prospectus.<br />

Except in relation to Bids received from Anchor Investors, the Bids and any revision in Bids shall be accepted<br />

only between 10.00 a.m. and 5.00 p.m. IST during the Issue Period as mentioned above at the Bidding<br />

Centres mentioned on the Bid cum Application Form. On the Issue Closing Date, the Bids shall be accepted<br />

only between 10.00 a.m. and 3.00 p.m. IST and uploaded until (i) 4.00 p.m. IST, in case of Bids by QIBs,<br />

Non-Institutional Investors and Eligible Employees Bidding under the Employee Reservation Portion, or such<br />

extended time as permitted by the Stock Exchanges, and (ii) 5.00 p.m. in case of Bids by Retail Individual<br />

Bidders, or such extended time as permitted by the Stock Exchanges. It is clarified that Bids not uploaded<br />

would be rejected. Bids by ASBA Bidders shall be uploaded in the electronic system to be provided by the<br />

Stock Exchanges either by (i) a member of the Syndicate, in the event of a Bid submitted by an ASBA Bidder<br />

at any of the Syndicate ASBA Centres, or (ii) the SCSBs.<br />

In case of any discrepancy in the data entered in the electronic book vis-à-vis the data contained in the physical<br />

Bid cum Application Form, for a particular Bidder, the details as per the physical Bid cum Application Form<br />

[●]<br />

398

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