gayatri projects limited - Edelweiss

OFFER PROCEDUREBook Building ProcedureThis Offer is being made through the 100% Book Building Process where in up to 50% of the Net Offer to Public shall beavailable for allocation on a proportionate basis to Qualified Institutional Buyers, including upto 5 % of the QIB Portion shallbe available for compulsory allocation to mutual funds only and the remainder of the Qualified Institutional Buyers portionshall be available for allocation on a proportionate basis to all Qualified Institutional Buyers, including Mutual Funds, subjectto valid Bids being received at or above the Offer price. Further, not less than 15% of the Net Offer to Public shall be availablefor allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer to Public shall beavailable for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or abovethe Offer Price.Bidders are required to submit their Bids through the the Syndicate members. We and the Selling Shareholdder, in consultationwith the BRLMs, reserve the right to reject any Bid procured from QIBs, by any or all members of the Syndicate, for reasonsto be recorded in writing provided that such rejection shall be made at the time of receipt of the Bid and the reasons thereofshall be disclosed to the Bidders. In case of Non-Institutional Bidders and Retail Individual Bidders, we and the SellingShareholder would have a right to reject the Bids only on technical grounds.Investors should note that allotment of Equity Shares to all successful Bidders will only be in dematerialized form.Bidders will not have the option of getting Allotment of the Equity Shares in physical form. The Equity Shares onAllotment shall be traded only in the dematerialized segment of the Stock Exchanges.Bid-cum-Application FormBidders shall only use the specified Bid-cum-Application Form bearing the stamp of a member of the Syndicate for the purposeof making a Bid in terms of this Prospectus. The Bidder shall have the option to make a maximum of three Bids in the Bidcum-ApplicationForm and such options shall not be considered as multiple Bids. Upon the allocation of Equity Shares,dispatch of the CAN and filing of the Prospectus with the RoC, the Bid-cum-Application Form shall be considered as theApplication Form. Upon completing and submitting the Bid-cum-Application Form to a member of the Syndicate, the Bidderis deemed to have authorized us to make the necessary changes in this Prospectus and the Bid-cum-Application Form aswould be required for filing the Prospectus with the RoC and as would be required by the RoC after such filing, without prioror subsequent notice of such changes to the Bidder.The prescribed colour of the Bid-cum-Application Form for various categories, is as follows:CategoryIndian Public or NRIs applying on a non-repatriation basisNRIs or FIIs or Foreign Venture Capital Funds registered with SEBI,Multilateral and Bilateral Development Financial Institutions applyingon a repatriation basisEligible EmployeesColour of Bid-cum-Application FormWhiteBlueRedWho Can Bid?Indian nationals resident in India who are majors, or in the name of their minor children as natural/legal guardians,in single or joint names (not more than three);HUFs, in the individual name of the Karta. The Bidder should specify that the Bid is being made in the name of theHUF in the Bid cum Application Form as follows: “Name of Sole or First Bidder: XYZ Hindu Undivided Familyapplying through XYZ, where XYZ is the name of the Karta”. Bids by HUFs would be considered at par with thosefrom individuals;Companies, corporate bodies and societies registered under the applicable laws in India and authorized to investin Equity shares;Indian Mutual Funds registered with SEBI;177