of 482
All materials on our website are shared by users. If you have any questions about copyright issues, please report us to resolve them. We are always happy to assist you.

Jay Pee Draft

Category:

Documents

Publish on:

Views: 87 | Pages: 482

Extension: PDF | Download: 0

Share
Description
DRAFT RED HERRING PROSPECTUS Dated December 1, 2009 (This Draft Red Herring Prospectus will be updated upon filing with the RoC) 100% Book Built Issue JAYPEE INFRATECH LIMITED Our Company was incorporated under the Companies Act, 1956, as amended, on April 5, 2007 and received the certificate for commencement of business on April 27, 2007 from the Registrar of Companies, Uttar Pradesh and Uttarakhand, situated at Kanpur, Uttar Pradesh, India. For further details in relation to the corporate his
Transcript
    DRAFT RED HERRING PROSPECTUS Dated December 1, 2009( This Draft Red Herring Prospectus will be updated upon filing with the RoC  ) 100% Book Built Issue   JAYPEE INFRATECH LIMITED Our Company was incorporated under the Companies Act, 1956, as amended, on April 5, 2007 and received the certificate for commencement of business on April 27, 2007 from the Registrar of Companies, Uttar Pradesh and Uttarakhand,situated at Kanpur, Uttar Pradesh, India. For further details in relation to the corporate history of our Company, see the section titled “History and Certain Corporate Matters” on page 147. Registered and Corporate Office : Sector 128, District Gautam Budh Nagar, Noida 201 304, Uttar Pradesh, India  Telephone : + 91 120 4609 000; Facsimile : +91 120 4609 783 Contact Person and Compliance Officer : Ms. Geeta Puri Seth; Telephone : + 91 120 4 609 464; Facsimile : + 91 120 4 609 496;   Email : ipo.jil@jalindia.co.in; Website :   www.jaypeeinfratech.com PROMOTER OF THE COMPANY: JAIPRAKASH ASSOCIATES LIMITED   PUBLIC ISSUE OF [ ● ]   EQUITY SHARES OF FACE VALUE OF RS. 10 EACH (“EQUITY SHARES”) OF JAYPEE INFRATECH LIMITED (THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF RS.[ ● ] PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. [ ● ] PER EQUITY SHARE) AGGREGATING RS. [ ● ] MILLION (THE “ISSUE”) CONSISTING OF A FRESH ISSUE OF UP TO [ ● ] EQUITYSHARES BY THE COMPANY AT THE ISSUE PRICE AGGREGATING UP TO RS. 16,500 MILLION (“FRESH ISSUE”) AND AN OFFER FOR SALE OF 60,000,000 EQUITY SHARES (“OFFER FOR SALE”) BYJAIPRAKASH ASSOCIATES LIMITED (THE “SELLING SHAREHOLDER”). THE ISSUE INCLUDES A RESERVATION OF UP TO [ ● ]   EQUITY   SHARES   FOR    THE   ELIGIBLE   SHAREHOLDERS   (AS   DEFINED   HEREINBELOW,   AND   SUCH   PORTION,   THE   “SHAREHOLDERS   RESERVATION   PORTION”).   THE   ISSUE   LESS   THE   SHAREHOLDERS   RESERVATION   PORTION   IS   REFERRED   TO   AS   THE   “NET   ISSUE”.THE ISSUE WILL   CONSTITUTE   [ ● ]%   OF   THE   FULLY   DILUTED   POST   ISSUE PAID-UP CAPITAL OF THE COMPANY AND THE NET ISSUE WILL   CONSTITUTE   [ ● ]%   OF   THE   FULLY   DILUTED   POST   ISSUEPAID-UP CAPITAL OF THE COMPANY. Our Company is considering a private placement of up to [  ●  ] Equity Shares, for cash consideration aggregating up to Rs. [  ●  ] million, at its discretion prior to filing of the Red Herring Prospectus with the RoC (“  Pre-IPO Placement  ”). If the Pre-IPO Placement is completed, the number of Equity Shares issued pursuant to the Pre-IPO Placement will be reduced from the Fresh Issue, subject to a minimum Net Issue size of 10% of the post-Issue paid-up share capital and the Net Issue aggregating to at least Rs. 1,000 million.    Further, the reservation for Eligible Shareholders shall be subject to up to 10% of such revised Issue size.   THE   PRICE   BAND,   RETAIL   DISCOUNT   AND   THE   MINIMUM   BID   LOT   WILL   BE   DECIDED   BY   THE COMPANY   AND   THE   SELLING   SHAREHOLDER    IN   CONSULTATION   WITH   THE   BOOK    RUNNING   LEAD   MANAGERS   AND   ADVERTISED   AT   LEAST   TWO   WORKING   DAYS   PRIOR    TO   THE   BID/ISSUE OPENING   DATE.  A   discount of up to 10% to the Issue Price determined pursuant to completion of the Book Building Process shall be offered to Retail Individual Bidders whose Bid Amount does not exceeds Rs. 100,000 (the “Retail Discount”) In case of any revision in the Price Band, the Bidding Period shall be extended for three additional Working Days after such revision of the Price Band, subject to the total Bidding Period not exceeding 10 Working Days. Any revision inthe Price Band, and the revised Bidding Period, if applicable, shall be widely disseminated by notification to the Self Certified Syndicate Banks (“ SCSBs ”), the National Stock Exchange of India Limited (the “ NSE ”) and the BombayStock Exchange Limited (the “ BSE ”), by issuing a press release and also by indicating the change on the websites of the Book Running Lead Managers and at the terminals of the other members of the Syndicate.Pursuant to Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended (“ SCRR  ”) read with Regulation 41(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the“ SEBI Regulations ”), this being an Issue for less than 25% of the post-Issue share capital, is being made through the 100% Book Building Process wherein at least 60% of the Net Issue shall be allocated on a proportionate basis to QualifiedInstitutional Buyers (“ QIBs ”). If at least 60% of the Net Issue cannot be Allotted to QIBs, then the entire application money will be refunded forthwith. In addition, in accordance with Rule 19(2)(b) of the SCRR, a minimum of two million securitiesare being offered to the public and the size of the Net Issue shall aggregate to at least Rs. 1,000 million. Our Company and the Selling Shareholder may, in consultation with the Book Running Lead Managers, allocate up to 30% of the QIB Portion toAnchor Investors at the Anchor Investor Price on a discretionary basis, out of which at least one-third will be available for allocation to domestic Mutual Funds only. In the event of under-subscription or non-allocation in the Anchor Investor Portion,the balance Equity Shares shall be added to the Net QIB Portion. 5% of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to QIBs, subject to valid Bids being received from them at or above the Issue Price. However, if the aggregate demand from Mutual Funds is less than [ ● ] Equity Shares, the balance Equity Shares available for allocation in theMutual Fund Portion will be added to the Net QIB Portion and allocated proportionately to QIBs in proportion to their Bids. Further, not less than 10% of the Net Issue shall be available for allocation on a proportionate basis to Non-InstitutionalBidders and not less than 30% of the Net Issue shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received from them at or above the Issue Price. Further, [ ● ] Equity Shares shall beavailable for allocation on a proportionate basis to the Eligible Shareholders, subject to valid Bids being received from them at or above the Issue Price. Retail Individual Bidders, who are Indian residents, may participate in this Issue though theASBA process by providing the details of their respective bank accounts in which the corresponding Bid Amounts will be blocked by the SCSBs. Specific attention of investors is invited to the section titled “Issue Procedure” on page 370. RISKS IN RELATION TO FIRST ISSUE  This being the first public issue of the Issuer, there has been no formal market for our Equity Shares. The face value of the equity shares of our Company is Rs. 10 and the Floor Price is [ ● ] times of the face value and the Cap Price is [ ● ]times of the face value . The Issue Price (as determined by our Company and the Selling Shareholder, in consultation with Book Running Lead Managers, on the basis of the assessment of market demand for the Equity Shares by way of theBook Building Process and as stated in the section titled “Basis for the Issue Price” on page 80) should not be taken to be indicative of the market price of the Equity Shares after such Equity Shares are listed. No assurance can be givenregarding an active and/or sustained trading in the Equity Shares or regarding the price at which the Equity Shares will be traded after listing. GENERAL RISKS  Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the ‘risk factors’ carefully before taking an investment decision in this Issue. For taking an investment decision, investors must rely on their own examination of the Issuer and this Issue, including the risks involved. The Equity Shares have not been recommended or approved by the Securities and Exchange Board of India (“ SEBI ”), nor does SEBI guarantee the accuracy or adequacy of the contents of this Draft Red Herring Prospectus. Specific attention of the investors is invitedto the section titled “Risk Factors” on page 2. IPO GRADING This Issue has been graded by [ ● ] and has been assigned the “IPO Grade [ ● ]/5” indicating [ ● ] (“ IPO Grading ”). For more information on IPO Grading, see the sections titled “General Information”, “Öther Regulatory and StatutoryDisclosures” and “Material Contracts and Documents for Inspection” on pages 48, 346 and 429, respectively. ISSUER’S ABSOLUTE RESPONSIBILITY  The Issuer, having made all reasonable inquiries, accepts responsibility for and confirms that this Draft Red Herring Prospectus contains all information with regard to the Issuer and this Issue, which is material in the context of this Issue,that the information contained in this Draft Red Herring Prospectus is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that thereare no other facts, the omission of which makes this Draft Red Herring Prospectus as a whole or any of such information or the expression of any such opinions or intentions, misleading, in any material respect. Further, the SellingShareholder, having made all reasonable inquiries accepts responsibility for and confirms that the information relating to the Selling Shareholder contained in this Draft Red Herring Prospectus is true and correct in all material aspects andis not misleading in any material respect. LISTING The Equity Shares offered through the Red Herring Prospectus are proposed to be listed on the NSE and the BSE. Our Company has received in-principle approvals from the NSE and the BSE for listing of the Equity Shares pursuant totheir letters dated [ ● ] and [ ● ], respectively. For the purposes of this Issue, [ ● ] shall be the Designated Stock Exchange. BOOK RUNNING LEAD MANAGERS   Morgan Stanley India CompanyPrivate Limited  5F, 55-56, Free Press HouseFree Press Journal Marg215, Nariman PointMumbai 400 021Maharashtra, IndiaTelephone: +91 22 6621 0555Facsimile: +91 22 6621 0556Email: jil_ipo@morganstanley.comWebsite:www.morganstanley.com/indiaofferdocumentsInvestor Grievance ID:investors_india@morganstanley.comContact Person: Mr. Mayank PagariaSEBI registration number:INM000011203 DSP Merrill Lynch Limited Mafatlal Centre, 10 th Floor  Nariman PointMumbai 400 021Maharashtra, IndiaTelephone: +91 22 6632 8761Facsimile: +91 22 2204 8518Email: jil.ipo@baml.comWebsite: www.dspml.comInvestor Grievance ID:India_merchantbanking@ml.comContact Person: Mr. N.S. Shekhar SEBI registration number: INM000002236  Axis Bank Limited Central Office: Maker Tower ‘F’, 11 th  Floor Cuffe Parade, ColabaMumbai 400 005,Maharashtra, IndiaTelephone: +91 22 6707 1725Facsimile: +91 22 6707 1264Email: jil.ipo@axisbank.comInvestor Grievance ID:axbmbd@axisbank.comWebsite: www.axisbank.comContact Person: Mr. Rajneesh Kumar Registration No: INM000006104  Enam Securities Private Limited 801/802, Dalamal Towers Nariman PointMumbai 400 021Maharashtra, IndiaTelephone: +91 22 6638 1800Facsimile: +91 22 2284 6824   E-mail : jil.ipo@enam.comInvestor Grievance ID: complaints@enam.comWebsite: www.enam.comContact Person: Mr.Akash AggarwalSEBI registration number: INM000006856 ICICI Securities Limited ICICI Centre, H.T. Parekh MargChurchgateMumbai 400 020Maharashtra, IndiaTel: +91 22 2288 2460Facsimile: +91 22 2282 6580E-mail: jil.ipo@icicisecurities.comInvestor Grievance ID:customercare@icicisecurities.comWebsite:www.icicisecurities.comContact Person: Mr. Mayank Lunawat / Mr.Mrigesh KejriwalSEBI registration number: INM000011179  REGISTRAR TO THE ISSUE   IDFC – SSKI Limited 803-4, Tulsiani Chambers8 th Floor, Nariman PointMumbai 400 021, Maharashtra, IndiaTel: +91 22 6638 3333Facsimile: +91 22 2282 6615Email: jil.ipo@idfcsski.comWebsite: www.idfcsski.comInvestor Grievance ID:complaints@idfcsski.comContact Person:Mr. Hiren RaipancholiaSEBI Registration No.:INM000011336  JM Financial Consultants Private Limited 141, Maker Chambers III Nariman PointMumbai 400 021Maharashtra, IndiaTelephone : +91 22 6630 3030Facsimile : +91 22 2204 7185E-mail: jil.ipo@jmfinancial.inInvestor Grievance ID:grievance.ibd@jmfinancial.inWebsite: www.jmfinancial.inContact Person: Ms. Naazneen F. YazdaniSEBI Registration No.: INM000010361 Kotak Mahindra Capital CompanyLimited 3 rd Floor Bakhtawar 229, Nariman PointMumbai 400 021Maharashtra, IndiaTelephone: +91 22 6634 1100Facsimile: +91 22 2284 0492E-mail: jil.ipo@kotak.comInvestor Grievance ID:kmcceredressal@kotak.comWebsite:www.kmcc.co.inContact Person: Mr. Chandrakant BholeSEBI registration number:INM000008704 SBI Capital Markets Limited 202, Maker Tower ‘E’Cuffe ParadeMumbai 400 005Maharashtra, IndiaTelephone: +91 22 2217 8300Facsimile: +91 22 2218 8332E-mail: jil.ipo@sbicaps.comInvestor Grievance ID:investor.relations@sbicaps.comWebsite: www.sbicaps.comContact Person: Mr. Ritwik MohapatraSEBI registration number: INM000003531  Karvy Computershare Private Limited  Plot No. 17 to 24, Vithalrao Nagar Madhapur Hyderabad 500 086Andhra Pradesh, IndiaTelephone (toll free): 1-800-345 4001Facsimile: +91 40 2342 0814Email: einward.ris@karvy.comWebsite: www.karvy.comContact Person: Mr. M. Murali KrishnaSEBI registration number: INR000000221 BID/ISSUE PROGRAMME   BIDDING/ISSUE OPENS ON [  ] * BIDDING/ISSUE CLOSES ON [  ]   * The Company and the Selling Shareholder may consider participation by Anchor Investors. The Bid/Issue Period for Anchor Investors shall be one day prior to the Bid/Issue Opening Date.    TABLE OF CONTENTS   SECTION I – GENERAL............................................................................................................................I   DEFINITIONS   AND   ABBREVIATIONS................................................................................................. I   CERTAIN   CONVENTIONS,   USE   OF   FINANCIAL   INFORMATION   AND   MARKET   DATA   AND   CURRENCY   OF   PRESENTATION........................................................................................................ IX   FORWARD-LOOKING   STATEMENTS.................................................................................................1   SECTION II – RISK FACTORS................................................................................................................2   SECTION III – INTRODUCTION..........................................................................................................37   SUMMARY   OF   INDUSTRY..................................................................................................................37   SUMMARY   OF   BUSINESS....................................................................................................................41   THE   ISSUE...............................................................................................................................................43   SUMMARY   FINANCIAL   INFORMATION..........................................................................................44   GENERAL   INFORMATION...................................................................................................................48   CAPITAL   STRUCTURE.........................................................................................................................61   OBJECTS   OF   THE   ISSUE.......................................................................................................................72   BASIS   FOR    THE   ISSUE   PRICE.............................................................................................................80   STATEMENT   OF   TAX   BENEFITS........................................................................................................82   SECTION IV – ABOUT THE COMPANY.............................................................................................93   INDUSTRY   OVERVIEW........................................................................................................................93   OUR    BUSINESS....................................................................................................................................108   REGULATIONS   AND   POLICIES........................................................................................................134   HISTORY   AND   CERTAIN   CORPORATE   MATTERS......................................................................147   OUR    MANAGEMENT..........................................................................................................................154   OUR    PROMOTER.................................................................................................................................177   OUR    GROUP   COMPANIES.................................................................................................................184   RELATED   PARTY   TRANSACTIONS................................................................................................204   DIVIDEND   POLICY.............................................................................................................................205   SECTION V – FINANCIAL INFORMATION....................................................................................F-1   MANAGEMENT’S   DISCUSSION   AND   ANALYSIS   OF   FINANCIAL   CONDITION   AND   RESULTS   OF   OPERATIONS...............................................................................................................206   FINANCIAL   INDEBTEDNESS............................................................................................................223   SECTION VI – LEGAL AND OTHER INFORMATION..................................................................239   OUTSTANDING   LITIGATION   AND   MATERIAL   DEVELOPMENTS...........................................239   GOVERNMENT   AND   OTHER    APPROVALS....................................................................................341   OTHER    REGULATORY   AND   STATUTORY   DISCLOSURES........................................................346   SECTION VII – ISSUE INFORMATION............................................................................................360   TERMS   OF   THE   ISSUE........................................................................................................................360   ISSUE   STRUCTURE.............................................................................................................................364   ISSUE   PROCEDURE.............................................................................................................................370   SECTION VIII – MAIN PROVISIONS OF THE ARTICLES OF ASSOCIATION......................415   SECTION IX – OTHER INFORMATION...........................................................................................429   MATERIAL   CONTRACTS   AND   DOCUMENTS   FOR    INSPECTION..............................................429   DECLARATION....................................................................................................................................433   A PPENDIX A............................................................................................................................................434     i SECTION I – GENERALDEFINITIONS AND ABBREVIATIONS Unless the context otherwise indicates, requires or implies, the following terms shall have the followingmeanings in this Draft Red Herring Prospectus. Company Related Terms Term Description “Articles” or “Articles of Association” or “our Articles”The articles of association of our Company, as amended.Auditor The statutory auditor of our Company, being M/s R Nagpal Associates,Chartered Accountants.“Board” or “Board of Directors”or “our Board”The board of directors of our Company or committees constituted by it fromtime to time.“Company” or “JIL” or the“Issuer” or “we” or “us” or “our”Jaypee Infratech Limited, a public limited company incorporated under theCompanies Act.Director(s) The director(s) on our Board.“Memorandum” or “Memorandum of Association”or “our Memorandum”The memorandum of association of our Company, as amended from time totime.Group Companies Such companies as mentioned in the section titled “Our Group Companies” on page 184.Promoter The promoter of our Company, being Jaiprakash Associates Limited.Registered and Corporate Office The registered and corporate office of our Company, presently situated atSector 128, District Gautam Budh Nagar, Noida 201 304, Uttar Pradesh, India. Issue Related Terms Term Description “Allot” or “Allotment” or “Allotted”The allotment of Equity Shares pursuant to this Issue.Allottee A successful Bidder to whom Allotment is made.Anchor Investor A Qualified Institutional Buyer, applying under the Anchor Investor Portion,who has Bid for an amount of at least Rs. 100 million.Anchor Investor Bidding Date The date one day prior to the Bid/Issue Opening Date.Anchor Investor MarginAmountAn amount representing 25% of the Bid Amount payable by Anchor Investorsat the time of submission of their Bid.Anchor Investor Portion [ ● ] Equity Shares representing 30% of the QIB Portion, available for allocationto Anchor Investors on a discretionary basis in accordance with the SEBIRegulations.Anchor Investor Price The price at which Allotment is made to Anchor Investors in terms of the RedHerring Prospectus, which shall be higher than or equal to the Issue Price, butnot higher than the Cap Price.ASBA “Application Supported by Blocked Amount” as detailed in the section titled“Issue Procedure–Issue Procedure for ASBA Bidders” on page 402.ASBA Form The application form, whether physical or electronic, in terms of which anASBA Bidder shall make a Bid pursuant to the terms of the Red HerringProspectus.ASBA Account Account maintained by an ASBA Bidder with a SCSB which will be blocked tothe extent of the appropriate Bid Amount.ASBA Bidder A Retail Individual Bidder who intends to apply through ASBA and:(a)   is a resident Indian as defined under the provisions of the FEMA;(b)   is bidding at the Cut-Off Price, with single bid option as to the number of Equity Shares bid for;(c)   is applying through blocking of funds in an ASBA Account;(d)   has agreed not to revise his/her Bid; and(e)   is not bidding under the Shareholders Reservation Portion.“Bankers to the Issue” or “Escrow Collection Banks”The banks which are clearing members and registered with the SEBI and bankers to the Issue with whom the Escrow Account will be opened, in thiscase being [ ● ].Basis of Allotment The basis on which the Equity Shares will be allocated as described in thesection titled “Issue Procedure–Basis of Allotment” on page 394.   ii Term Description Bid An indication by a Bidder to make an offer to subscribe for Equity Shares interms of the Red Herring Prospectus.Bidder A prospective investor in this Issue.Bid Amount The highest Bid Price indicated in the Bid cum Application Form and in case of ASBA Bidders, the amount mentioned in the ASBA Form.Bid cum Application Form The form in terms of which the Bidder (other than an ASBA Bidder) makes aBid and which will be considered as the application for Allotment.Bid Price The prices indicated within the optional Bids in the Bid cum Application Form.Bid/Issue Closing Date Except in relation to Anchor Investors, the date on which the members of theSyndicate and SCSBs shall start accepting Bids, which shall be the datenotified in an English national daily newspaper, a Hindi national dailynewspaper and a regional daily newspaper, each with wide circulation and incase of any revision, the extended Bid/Issue Opening Date also to be notifiedon the website and terminals of the Syndicate and SCSBs, as required under theSEBI Regulations.Bid/Issue Opening Date Except in relation to Anchor Investors, the date after which the members of theSyndicate and SCSBs will not accept any Bids, which shall be notified in anEnglish national daily newspaper, a Hindi national daily newspaper and aregional daily newspaper, each with wide circulation and in case of anyrevision, the extended Bid/Issue Closing Date also to be notified on the websiteand terminals of the Syndicate and SCSBs, as required under the SEBIRegulations.Bidding Centre A centre for acceptance of the Bid cum Application Form.Bidding Period The period between the Bid/Issue Opening Date and the Bid/Issue Closing Date(inclusive of both days) and during which Bidders, other than Anchor Investors, can submit their Bids, inclusive of any revision thereof (except in thecase of ASBA Bidders for whom no revision of Bids is permitted).Book Building Process The book building process as described in Schedule XI of the SEBIRegulations.“Book Running LeadManagers” or “BRLMs”Book running lead managers to this Issue, being Morgan Stanley IndiaCompany Private Limited, DSP Merrill Lynch Limited, Axis Bank Limited,Enam Securities Private Limited, ICICI Securities Limited, IDFC – SSKILimited, JM Financial Consultants Private Limited, Kotak Mahindra CapitalCompany Limited and SBI Capital Markets Limited.“CAN” or “Confirmation of Allocation Note”Except in relation to the Anchor Investors, the note or advice or intimation sentto the successful Bidders confirming the number of Equity Shares allocated tosuch Bidders after discovery of the Issue Price.In relation to Anchor Investors, the note or advice or intimation sent to thesuccessful Anchor Investors who have been allocated Equity Shares after discovery of the Anchor Investor Price, including any revisions thereof.Cap Price The higher end of the Price Band and any revisions thereof, in this case beingRs. [ ● ], above which no Bids will be accepted.Controlling Branches Such branches of the SCSBs which co-ordinate Bids under this Issue by theASBA Bidders with the Registrar to the Issue and the Stock Exchanges and alist of which is available at http://www.sebi.gov.in/pmd/scsb.pdf or at suchother website as may be prescribed by SEBI from time to time.Cut-Off Price (a)   Any price within the Price Band finalized by our Company and the SellingShareholder, in consultation with the Book Running Lead Managers, atwhich only Eligible Shareholders are entitled to Bid, for a Bid Amount notexceeding Rs. 100,000.(b)   Any price, net of the Retail Discount, finalized by our Company and theSelling Shareholder, in consultation with the Book Running LeadManagers, at which only Retail Individual Bidders (including ASBABidders) are entitled to Bid, for a Bid Amount not exceeding Rs. 100,000.Depository A depository registered with SEBI under the Securities and Exchange Board of India (Depositories and Participants) Regulations, 1996, as amended.“Depository Participant” or “DP”A depository participant as defined under the Depositories Act.Designated Branches Such branches of the SCSBs which shall collect the ASBA Forms and a list of which is available on http://www.sebi.gov.in/pmd/scsb.pdf or at such other website as may be prescribed by SEBI from time to time.Designated Date The date on which the Escrow Collection Banks and the SCSBs transfer thefunds from the Escrow Accounts and the ASBA Accounts, respectively, to thePublic Issue Account, in terms of the Red Herring Prospectus.
We Need Your Support
Thank you for visiting our website and your interest in our free products and services. We are nonprofit website to share and download documents. To the running of this website, we need your help to support us.

Thanks to everyone for your continued support.

No, Thanks