gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDOffer. The approval of the basis of allocation by the Designated Stock Exchange for QIB Bidders may be donesimultaneously with or prior to the approval of the basis of allocation for the Retail Individual and Non-InstitutionalBidders. However, Bidders should note that our Company and Selling Shareholder shall ensure that the date ofallocation of the Equity Shares to all Bidders, in all categories, shall be done on the same date.2) The BRLMs or members of the Syndicate would despatch a CAN to their Bidders who have been allocated EquityShares in the Offer. The despatch of a CAN shall be deemed a valid, binding and irrevocable contract for theBidder to pay the entire Offer Price for all the Equity Shares allocated to such Bidder. Those Bidders who have notpaid the entire Bid Amount into the Escrow Account at the time of bidding shall pay in full the Allocation Amountpayable into the Escrow Account by the Pay-in Date specified in the CAN.3) Bidders who have been allocated Equity Shares and who have already paid the Bid Amount into the EscrowAccount at the time of bidding shall directly receive the CAN from the Registrar to the Offer subject, however, torealisation of his or her cheque or demand draft paid into the Escrow Account. The despatch of a CAN shall bedeemed a valid, binding and irrevocable contract for the Bidder to pay the entire Offer Price for the allotment tosuch Bidder.Designated Date and Allotment of Equity Shares1. Our Company will ensure that the allotment of Equity Shares is done within 15 days of the Bid/Offer Closing Date.After the funds are transferred from the Escrow Account to the Public Offer Account on the Designated Date, wewould allot the Equity Shares to the allottees. Our Company would ensure the credit to the successful Biddersdepository account. Allotment of the Equity Shares to the allottees shall be completed within two working days ofthe date of finalization of the basis of allotment. In case, our Company fails to make allotment or transfer within 15days of the Bid/Offer Closing Date, interest would be paid to the investors at the rate of 15% per annum.2. In accordance with the SEBI DIP Guidelines, Equity Shares will be issued and allotment shall be made only inthe dematerialised form to the allottees. Allottees will have the option to re-materialise the Equity Shares, if theyso desire, as per the provisions of the Companies Act and the Depositories Act.Investors are advised to instruct their Depository Participant to accept the Equity Shares that may be allocated tothem pursuant to this Offer.General InstructionsDo’s:a) Check if you are eligible to apply;b) Read all the instructions carefully and complete the resident Bid-cum-Application Form (white in colour) or Non-Resident Bid-cum-Application Form (blue in colour)c) Ensure that the details about Depository Participant and Beneficiary Account are correct, as Allotment of EquityShares will be in the dematerialised form only;Ensure that the Bids are submitted at the Bidding Centres only onforms bearing stamp of the Syndicate Member;d) Investors must ensure that the name given in the Bid cum Application form is exactly the same as the name inwhich the Depository account is held. In case the Bid cum Application Form is submitted in Joint names, it shouldbe ensured that the Depository account is also held in the same Joint names and are in the same sequence inwhich they appear in the Bid cum Application Form.e) Ensure that you have been given a TRS for all your Bid options;f) Submit Revised Bids to the same Syndicate Member through whom the original Bid was placed and obtain arevised TRS;g) Ensure that the Bid is within the Price Band.h) Ensure that you mention your Permanent Account Number (PAN) allotted under the I.T. Act where the maximum Bidfor Equity Shares by a Bidder is for a total value of Rs. 50,000 or more and attach a copy of the PAN Card andalso submit a photocopy of the PAN card(s) or a communication from the Income Tax authority indicating allotment186