gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITED(c)(d)(e)basis, being the total number of Equity Shares applied for in that portion (number of Bidders in the portionmultiplied by the number of Equity Shares applied for) multiplied by the inverse of the over-subscription ratio.Number of Equity Shares to be allotted to the successful Bidders will be arrived at on a proportionate basis, beingthe total number of Equity Shares applied for by each Bidder in that portion multiplied by the inverse of the oversubscriptionratio.If the proportionate allotment to a Bidder is a number that is more than 20 but is not a multiple of one (which is themarket lot), the decimal would be rounded off to the higher whole number if that decimal is 0.5 or higher. If thatnumber is lower than 0.5, it would be rounded off to the lower whole number. Allotment to all Bidders in suchcategories would be arrived at after such rounding off.In all Bids where the proportionate allotment is less than 20 Equity Shares per Bidder, the allotment shall be madeas follows:Each successful Bidder shall be Allotted a minimum of 20 Equity Shares; The successful Bidders out of the total Bidders for a portion shall be determined by draw of lots in a mannersuch that the total number of Equity Shares Allotted in that portion is equal to the number of Equity Sharescalculated in accordance with (b) above; and(f) If the Equity Shares allocated on a proportionate basis to any portion are more than the Equity Shares allotted tothe Bidders in that portion, the remaining Equity Shares available for allotment shall be first adjusted against anyother portion, where the Equity Shares are not sufficient for proportionate allotment to the successful Bidders in thatportion. The balance Equity Shares, if any, remaining after such adjustment will be added to the portion comprisingBidders applying for minimum number of Equity Shares.Letters of Allotment or Refund OrdersWe shall give credit to the beneficiary account with depository participants within 2 working days of finalisation of thebasis of allotment of Equity Shares.In accordance with the Companies Act, the requirements of the Stock Exchanges and the SEBI guidelines, we undertakethat:Allotment shall be made only in dematerialized form within 15 days from the Bid/Offer Closing Date;Despatch of refund orders or refund instructions to the clearing system shall be done within 15 days from the Bid/Offer Closing Date; and We shall pay interest at 15% per annum (for any delay beyond the 15 day time period as mentioned above), ifallotment is not made, refund orders are not dispatched to the applicants and/or Demat credit are not made toinvestors within 14 day time prescribed above as per the guidelines issued by the Governmant of India, Ministry ofFinance or if, in a case where the refund or portion thereof is made in electronic manner, the refund instructionshave not been given to the clearing system in the disclosed manner appearing under para “Dispatch of RefundOrders” on page no. 196 within 15 days from the date of Bid / Offer Closing Date.The company will provide adequate funds for making refunds to unsuccessful applicants as per the mode disclosed under“Dispatch of Refund Order” appearing on page no. 196 to the Registrars to the Offer.DISPATCH OF REFUND ORDERSThe payment of refund, if any, would be done through various modes in the following order of preference –1. ECS – Payment of refund would be done through ECS for applicants having an account at any of the followingfifteen centers - Ahmedabad, Bangalore, Bhubneshwar, Kolkatta, Chandigarh, Chennai, Guwahati, Hyderabad,Jaipur, Kanpur, Mumbai, Nagpur, New Delhi, Patna and Thiruvanthapuram. This mode of payment of refunds wouldbe subject to availability of complete bank account details including the MICR Code as appearing on a chequesleaf from the Depositories. The payment of refunds is mandatory through this mode for applicants having a bankaccount at any of the above-mentioned fifteen centers, except where the applicant, being eligible, opts to receiverefund through direct credit or RTGS.196