Annexure XIV Continued… - Edelweiss

ISSUE PROCEDURE
This section applies to all Bidders. Please note that pursuant to the SEBI circular dated April 29, 2011,
bearing no. CIR/CFD/DIL/1/2011, all non-Retail Individual Bidders i.e. QIBs (excluding those Bidding under
the Anchor Investor Portion) and Non-Institutional Bidders are mandatorily required to submit their Bids by
way of ASBA. ASBA Bidders should note that the ASBA process involves application procedures that are
different from the procedure applicable to Bidders other than the ASBA Bidders. ASBA Bidders should
carefully read the provisions applicable to such applications before making their application through the ASBA
process. Please note that all Bidders are required to make payment of the full Payment Amount or ensure that
the ASBA Account has sufficient credit balance such that the entire Payment Amount can be blocked by the
SCSB.
Our Company and Pineridge, in consultation with the Managers, may decide to offer a discount of up to [●]%
of the Issue Price, amounting to ` [●] to Retail Individual Bidder and Eligible Employees. In the event the
Retail and Employee Discount is offered, Retail Individual Bidders and Eligible Employees should note that
benefit of the Retail and Employee Discount can be availed at the time of Bidding itself. Accordingly, after
indicating the Bid Amount in the Bid cum Application Form for the purposes of Bidding, payment should be
made of the Payment Amount i.e. the Bid Amount net of the Retail and Employee Discount.
Our Company, the Selling Shareholders and the Syndicate do not accept any responsibility for the
completeness and accuracy of the information stated in this section, and are not liable for any amendment,
modification or change in applicable law, which may occur after the date of this Draft Red Herring
Prospectus. Bidders are advised to make their independent investigations and ensure that their Bids do not
exceed the investment limits or maximum number of Equity Shares that can be held by them under applicable
law or as specified in this Draft Red Herring Prospectus, and as will be specified in the Red Herring
Prospectus and the Prospectus.
Book Building Procedure
This Issue is being made through the Book Building Process wherein not more than 50% of the Net Issue shall
be available for allocation to QIBs. Provided that the Company may allocate up to 30% of the QIB Portion to
Anchor Investors on a discretionary basis out of which one-third shall be reserved for domestic Mutual Funds
only. In the event of under-subscription in the Anchor Investor Portion, the remaining Equity Shares shall be
added to the Net QIB Portion. 5% of the Net QIB Portion shall be available for allocation on a proportionate
basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a
proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the
Issue Price. Further, not less than 15% of the Net Issue shall be available for allocation on a proportionate
basis to Non-Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation on a
proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue
Price. Further, [●] Equity Shares shall be available for allocation on a proportionate basis to the Eligible
Employees, subject to valid Bids being received from them at or above the Issue Price.
In the event of under-subscription in the Employee Reservation Portion, the unsubscribed portion shall be
added to the Net Issue. In the event of under-subscription in any of the categories in the Net Issue, the
unsubscribed portion would be allowed to be met with spill over from over subscription from any other
category or a combination of categories at the sole discretion of the Company, in consultation with the
Managers. In the event of under-subscription in the Net Issue, spill-over to the extent of under-subscription
shall be permitted from the Employee Reservation Portion to the Net Issue.
Our Company will comply with the ICDR Regulations and any other ancillary directions issued by SEBI for
this Issue. Each of the Individual Selling Shareholders and Pineridge undertakes that it will comply with the
ICDR Regulations and any other directions issued by SEBI, as applicable to such Selling Shareholder in
relation to the Equity Shares offered by such Selling Shareholder under the Offer for Sale.
In case of QIBs, other than Anchor Investors, Bidding through the Syndicate ASBA, the Managers and their
affiliate members of the Syndicate, may reject Bids at the time of acceptance of the ASBA Bid cum
Application Form provided that the reasons for such rejection shall be disclosed to such Bidder in writing. In
case of Non-Institutional Bidders, Retail Individual Bidders and Eligible Employees, our Company has a right
to reject Bids based on technical grounds only.
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