gayatri projects limited - Edelweiss

2. Direct Credit – Applicants having bank accounts with the Refund Bankers, in this case being ICICI Bank Limited,shall be eligible to receive funds through direct credit. Charges, if any, levied by the Refund Bankers for the samewould be borne by our Company and the Selling Shareholder.3. RTGS – Applicants having a bank account at any of the above-mentioned fifteen centers and whose refund amountexceeds Rs. Ten Lakhs, have the option to receive refund through RTGS. Such eligible applicants who indicatetheir preference to receive refund through RTGS are required to provide the IFSC Code in the Bid-cum-Applicationform. In the event the same is not provided, refund shall be made through ECS. Charges, if any, levied by therefund banks for the same would be borne by our Company and the Selling Shareholders. Charges, if any, leviedby the applicants bank receiving the credit would be borne by the applicant.4. For all other applicants, including those who have not updated their bank particulars with the MICR Code, therefund orders will be dispatched under certificate of posting for value upto Rs. 1,500/- and through speed post /registered post for refund orders of Rs. 1,500/- and above. Such refunds will be made by cheques, pay orders ordemand drafts drawn on the Escrow Collection Banks and payable at par at places where bids are received. Bankscharges, if any, for cashing such cheques, pay orders or Demand Drafts at other centers will be payable by thebidder.Bid/Offer ProgrammeBidding Period/Offer PeriodBID/OFFER OPEN ON : SEPTEMBER 26, 2006BID/OFFER CLOSE ON : SEPTEMBER 29, 2006Bids and any revision in Bids shall be accepted only between 10 a.m. and 3 p.m. (Indian Standard Time) during the BiddingPeriod as mentioned above at the bidding centres mentioned on the Bid cum Application Form except that on the Bid/OfferClosing Date, the Bids shall be accepted only between 10 a.m. and 3 p.m. (Indian Standard Time) or uploaded till such timeas may be permitted by the BSE on the Bid/Offer Closing Date.In case of revision in the Price Band, the Bidding/Offer Period will be extended for three additional working days afterrevision of Price Band. Any revision in the Price Band and the revised Bid/Offer Period, if applicable, will be widelydisseminated by notification to the BSE and NSE, by issuing a press release, and also by indicating the change on theweb site of the BRLMs and at the terminals of the Syndicate.UNDERTAKING BY OUR COMPANYWe undertake as follows:(a)(b)(c)(d)(e)(f)that the complaints received in respect of this Offer shall be attended to by us expeditiously and satisfactorily;that all steps will be taken for the completion of the necessary formalities for listing and commencement of tradingat all the stock exchanges where the Equity Shares are proposed to be listed within seven working days offinalisation of the basis of allotment;that the funds required for despatch of refunds to unsuccessful applicants as per the mode disclosed shall be madeavailable to the Registrar to the Offer by us;that where refunds are made through electronic transfer of funds, a suitable communication shall be sent to theapplicant within 15 days of closure of Offer, giving details of the bank where refunds shall be credited alongwith theamount and expected date of electronic credit of refund;that the refund orders or allotment advice to the Eligible NRIs or FIIs shall be dispatched within specified time; andthat no further Offer of Equity Shares shall be made until the Equity Shares Offered through this Prospectus arelisted or until the Bid Money’s are refunded on account of non-listing, under-subscription etc.197