gayatri projects limited - Edelweiss

GAYATRI PROJECTS LIMITEDThe price discovery is a function of demand at various prices. The highest price at which the issuer is able to issue thedesired number of shares is the price at which the book cuts off, i.e., Rs. 22 in the above example. The issuer, in consultationwith the book running lead managers, will finalize the issue price at or below such cut off price, i.e., at or below Rs. 22. Allbids at or above this issue price and cut-off bids are valid bids and are considered for allocation in the respective categories.Withdrawal of the OfferOur Company and the Selling Shareholder, in consultation with the BRLMs, reserves the right not to proceed with the Offerat anytime after the Bid Opening Date/ Offer Opening Date but before Allotment, without assigning any reason thereof.Underwriting AgreeementAfter the determination of the Offer Price and allocation of our Equity Shares but prior to filing of the Prospectus with theRegistrar of Companies, Maharashtra, our Company and the Selling Shareholder will enter into an Underwriting Agreementwith the Underwriters for the Equity Shares proposed to be offered through this Offer. It is proposed that pursuant to the termsof the Underwriting Agreement, the BRLMs shall be responsible for bringing in the amount devolved in the event that theirrespective Syndicate Members do not fulfill their underwriting obligations.The Underwriters have indicated their intention to underwrite the following number of Equity Shares:Name and Address of the Indicative Number of Amount UnderwrittenUnderwriters Equity Shares to be (Rs. Lakhs)UnderwrittenAllianz Securities Limited 15,75,000 4,646.2533, Vaswani Mansion, 6 th Floor,Dinsha Vachha Road,Churchgate, Mumbai-400020Tel: 022-22870580,Fax: 022-22870581Email: gayatri@aslfinancial.comWebsite: www.aslfinancial.comContact Person: Mr. S.N. TareAlmondz Capital Markets Private Limited 6,00,000 1,770.00Dinsha Vachha Road, Churchgate,Mumbai-400020Tel: 022-22870580Fax: 022-22870581Email: gayatri@almondz.comContact Person: Mr. Ashish TapuriahIL&FS INVESTSMART LIMITED 7,25,000 2,138.75The IL&FS Financial Centre8th Floor, Plot C-22, G-Block,Bandra Kurla Complex Bandra (East),Mumbai - 400 051Tel.: 022-2653 3333Fax: 022-5693 1862E-mail: gpl.ipo@investsmartindia.comWebsite: www.investsmart.inTOTAL 29,00,000 8,555.55The above-mentioned amount is indicative underwriting and this would be finalized after pricing and actual allocation. Theabove Underwriting Agreement is dated October 3, 2006.14