gayatri projects limited - Edelweiss

Price Discovery and Allocation1. After the Bid/Offer Closing Date, the BRLMs shall analyze the demand generated at various price levels anddiscuss pricing strategy with the Company.2. Our Company and the Selling Shareholder, in consultation with the BRLMs shall finalise the “Offer Price”, thenumber of Equity Shares to be allotted in each category to Bidders.3. The allocation to Non-Institutional Bidders and Retail Individual Bidders of not less than 15% and not less than35% of the Net Offer to the Public respectively, the allocation to QIBs for upto 50% of the Net Offer to Public wouldbe proportionate basis in the manner specified in the SEBI guidelines and this Prospectus, in consultation with theDesignated Stock Exchange, subject to valid Bids being received at or above the Offer Price.4. Undersubscription, if any, in any category would be allowed to be met with spill over from any of the othercategories at the discretion of the Company, in consultation with the BRLMs. However, if the aggregate demand byMutual Funds is less than 70,000 Equity Shares, the balance Equity Shares available for allocation in the MutualFund Portion will first be added to the QIB Portion and be allocated proportionately to the QIB Bidders. In the eventthat the aggregate demand in the QIB Portion has been met, under-subscription, if any, would be allowed to be metwith spill-over from any other category orcombination of categories at the discretion of our Company, in consultationwith the BRLMs and the Designated Stock Exchange.5. Allocation to NRIs, FIIs, foreign venture capital funds registered with SEBI applying on repatriation basis will besubject to applicable laws.6. The BRLMs, in consultation with our Company and Selling Shareholder shall notify the Syndicate Members of theOffer Price and allocations to their respective Bidders, where the full Bid Amount has not been collected from theBidders.7. Our Company and the Selling Shareholder reserves the right to cancel the Offer any time after the Bid/OfferOpening Date but befor allotment without assigning reasons whatsoever.8. QIB bidders shall not be allowed to withdraw their bid after the Bid / Offer Closing Date.Signing of Underwriting Agreement and ROC Filing(a) The Company, the Selling Shareholder (acting through their duly constituted attorney), the BRLMs, and the SyndicateMembers shall enter into an Underwriting Agreement on finalisation of the Offer Price and allocation(s) to theBidders.(b) After signing the Underwriting Agreement, our company will update and file the updated Red Herring Prospectuswith RoC, which then would be termed ‘Prospectus’. The Prospectus would have details of the Offer Price, OfferSize, underwriting arrangements and would be complete in all material respects.(c) We will file a copy of the Prospectus with the RoC, Maharashtra located at 100 Everset Building, Marine Drive,Mumbai, Maharashtra.Announcement of Pre-Offer AdvertisementSubject to section 66 of the Companies Act, our Company shall after receiving final observation, if any, on the Red HerringProspectus with SEBI, publish an advertisement, in the form prescribed by the SEBI DIP guidelines in an English nationaldaily with vide circulation, one national newspaper and a marathi newspaper.Advertisement regarding Offer Price and ProspectusA statutory advertisement will be issued by our Company after the filing of the Prospectus with the RoC. This advertisementin addition to the information that has to be set out in the statutory advertisement shall indicate the Offer Price. Any materialupdates between the date of the Red Herring Prospectus and the Prospectus will be included in such statutory advertisement.Issuance of Confirmation of Allocation Note1) Upon approval of the basis of allocation by the Designated Stock Exchange, the BRLMs or Registrar to the Offershall send to the members of the Syndicate a list of their Bidders who have been allocated Equity Shares in the185