gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDPayment into Escrow Account to the Offer1. The Bidders for whom the applicable Margin Amount is equal to 100% shall, with the submission of the Bid cumApplication Form, draw a payment instrument for the Bid Amount in favour of the Escrow Account of the Companyand submit the same to the member of the Syndicate.2. In case the above Margin Amount paid by the Bidders during the Bidding Period is less than the Offer Pricemultiplied by the Equity Shares allocated to the Bidder, the balance amount shall be paid by the Bidders intothe Escrow Account of the Company within the period specified in the CAN which shall be subject to aminimum period of two days from the date of communication of the allocation list to the members of theSyndicate by the BRLMs.3. The payment instruments for payment into the Escrow Account of the Company should be drawn in favour of:(a) In case of resident Bidders: “Escrow Account – Gayatri Public Offer”(b) In case of Non Resident Bidders: “Escrow Account – Gayatri Public Offer - NR”(c) In case of Eligible Employees : “Escrow Account – Gayatri Public Offer - Employee”In case of Bids by NRIs applying on repatriation basis, the payments must be made through Indian Rupee draftspurchased abroad or cheques or bank drafts, for the amount payable on application remitted through normalbanking 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 documentaryevidence in support of the remittance. Payment will not be accepted out of a Non-Resident Ordinary (NRO) Accountof a Non-Resident bidder bidding on a repatriation basis. Payment by drafts should be accompanied by a bankcertificate confirming that the draft has been issued by debiting an NRE or FCNR Account.- In case of Bids by FIIs, the payment should be made out of funds held in a Special Rupee Account along withdocumentary evidence in support of the remittance. Payment by drafts should be accompanied by a bank certificateconfirming that the draft has been issued by debiting the Special Rupee Account.4. Where a Bidder has been allocated a lesser number of Equity Shares than what the Bidder has Bid for, the excessamount, if any, paid on bidding, after adjustment towards the balance amount payable on the Equity Sharesallocated, will be refunded to the Bidder from the Escrow Account of the Company.5. The monies deposited in the Escrow Account of the Company will be held for the benefit of the Bidders till theDesignated Date.6. On the Designated Date, the Escrow Collection Banks shall transfer the funds from the Escrow Account of theCompany as per the terms of the Escrow Agreement into the Public Offer Account with the Bankers to the Offer.7. On the Designated Date and no later than 15 days from the Bid/Offer Closing Date, the Escrow Collection Bankshall also refund all amounts payable to unsuccessful Bidders and also the excess amount paid on Bidding, if any,after adjusting for allocation to the Bidders.8. Payments should be made by cheque, or demand drafts drawn on any Bank (including a Co-operative Bank),which is situated at, and is a member of or sub-member of the bankers’ clearing house located at the center wherethe Bid cum Application Form is submitted. Outstation cheque/bank drafts drawn on banks not participating in theclearing process will not be accepted and applications accompanied by such cheques or bank drafts are liable tobe rejected. Cash/ Stockinvest/ Money Orders/ Postal Orders will not be accepted.Payment by StockinvestIn terms of Reserve Bank of India Circular No. DBOD No. FSC BC 42/24.47.00/2003-2004 dated November 5, 2003, theoption to use the stockinvest instrument in lieu of cheques or bank drafts for payment of Bid money has been withdrawn.Submission of Bid-cum-Application FormAll Bid-cum-Application Forms or Revision Forms duly completed and accompanied by Account Payee cheques or draftsshall be submitted to the Members of the Syndicate at the time of submitting the Bid-cum-Application Form.190