Annexure XIV Continued… - Edelweiss

The Bidders should note that the escrow mechanism is not prescribed by SEBI and has been established
as an arrangement between our Company, the Selling Shareholders, the members of the Syndicate, the
Escrow Collection Banks and the Registrar to the Issue to facilitate collections from the Bidders.
Payment mechanism for ASBA Bidders
The ASBA Bidders shall specify the ASBA Account number in the ASBA Bid cum Application Form and the
relevant SCSB shall block an amount equivalent to the application money in the ASBA Account specified in
the ASBA Bid cum Application Form. In the event of withdrawal or rejection of the ASBA Bid cum
Application Form or for unsuccessful ASBA Bid cum Application Forms, the Registrar to the Issue shall give
instructions to the SCSB to unblock the application money in the relevant bank account within 12 Working
Days of the Issue Closing Date. The Payment Amount shall remain blocked in the ASBA Account until
transfer of the Payment Amount to the Public Issue Account, or until withdrawal/ failure of the Issue or until
rejection of the ASBA Bid, as the case may be.
Payment into Escrow Account for Bidders other than ASBA Bidders
Please note that payment into Escrow Account is applicable only to Retail Individual Bidders and
Eligible Employees Bidding through Bid cum Application Form
Each Bidder shall draw a cheque or demand draft mechanism for the entire Payment Amount as per the
following terms:
1. All Bidders would be required to pay the full Payment Amount at the time of the submission of the Bid
cum Application Form.
2. The Bidders shall, with the submission of the Bid cum Application Form, draw a payment instrument for
the Payment Amount in favour of the Escrow Account and submit the same to the members of the
Syndicate. If the payment is not made favouring the Escrow Account along with the Bid cum
Application Form, the Bid will be rejected. Bid cum Application Forms accompanied by cash,
stockinvest, money order or postal order will not be accepted.
3. The payment instruments for payment into the Escrow Account should be drawn in favour of:
• In case of resident Retail Individual Bidders: “Escrow Account– [●] – R”
• In case of Non-Resident Retail Individual Bidders: “Escrow Account– [●] –NR”
• In case of Eligible Employees: “Escrow Account–[●] –Eligible Employees”.
4. In case of Bids by Eligible NRIs applying on repatriation basis, only Bids accompanied by payment in
Indian Rupees or freely convertible foreign exchange will be considered for Allotment. Eligible NRIs
who intend to make payment through freely convertible foreign exchange and are Bidding on a
repatriation basis may make the payments must be made through Indian Rupee drafts purchased abroad
or cheques or bank drafts, for the amount payable on application remitted through normal banking
channels or out of funds held in Non-Resident External (NRE) Accounts or Foreign Currency Non-
Resident (FCNR) Accounts, maintained with banks authorised to deal in foreign exchange in India,
along with documentary evidence in support of the remittance. Payment will not be accepted out of Non-
Resident Ordinary (NRO) Account of Non-Resident Bidder Bidding on a repatriation basis. Payment by
drafts should be accompanied by bank certificate confirming that the draft has been issued by debiting to
NRE Account or FCNR Account.
5. In case of Bids by Eligible NRIs applying on non-repatriation basis, the payments must be made through
Indian Rupee drafts purchased abroad or cheques or bank drafts, for the amount payable on application
remitted through normal banking channels or out of funds held in Non-Resident External (NRE)
Accounts or Foreign Currency Non-Resident (FCNR) Accounts, maintained with banks authorised to
deal in foreign exchange in India, along with documentary evidence in support of the remittance or out
of a Non-Resident Ordinary (NRO) Account of a Non-Resident Bidder Bidding on a non-repatriation
basis. Payment by drafts should be accompanied by a bank certificate confirming that the draft has been
issued by debiting an NRE or FCNR or NRO Account.
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