TaxTMI 
TaxTMI 
TaxTMI 
Applications Supported by Blocked Amount (ASBA) facility in public issues
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.... Bid lot g. Other relevant details h. Soft copy of prospectus/abridged prospectus 3. The Stock Exchanges shall ensure the following : a. The details furnished by the Merchant Banker to the issue are duly filled in the ASBA form for a specific public issue, before making the same available on websites. b. The ASBA form for a specific public issue is made available on the websites of the Stock Exchanges at least one day before opening of the public issue. c. A unique application number for an issue is generated for every ASBA form downloaded and printed from the websites. d. Investors have online access to soft copy of the abridged prospectus/prospectus of the public issue. e. For revisions of bids, investors can take print of a bid revision form. 4. Merchant Bankers and SCSBs are directed to provide a hyperlink to BSE or NSE websites for this facility on their websites. 5. All intermediaries are directed to comply with the instructions contained in this circular. 6. This circular shall be applicable to all public issues opening on or after July 19, 2010. 7. This circular is issued in exercise of the powers conferred under Section 11 read with Section 11A of the Se....
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....t to be blocked (Rs. in figures). (Rs. in words) (Amount to be blocked = Highest amount of Bid options. (No. of Equity Shares bid for multiplied by Price per Share). For Bids at Cut-off: Amount to be blocked shall be the no. of shares bid multiplied by Cap Price. UNDERTAKING BY ASBA INVESTOR CUM BIDDER AND ACCOUNT HOLDER: 1) I/We hereby undertake that, I/ we have read the instructions contained in this Bid cum Application Form and Red Herring Prospectus and I am/ we are an eligible ASBA bidder(s) as per the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009. 2) In accordance with provisions of ASBA in the SEBI ICDR Regulations, 2009 and as disclosed in the Red Herring Prospectus, I/We authorize (a) the SCSB to do all acts as are necessary to make an application in the Issue, including uploading of bid, blocking the amount to the extent mentioned in 'X' above in "DETAILS OF BANK ACCOUNT" or unblocking of funds in the bank account maintained with the SCSB specified above, transfer of funds to the Issuer's account on receipt of instructions from the Registrar to the Issue after finalisation of the basis of allotment, entitling me/....
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....n at least 60% of the Net Issue will be available for allocation on a proportionate basis to QIBs. Provided that our Company may allocate up to 30% of the QIB Portion, to Anchor Investors, on a discretionary basis and the remainder 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. Further, not less than 10% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30% of the Net Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. For details, see "Issue Procedure" on page [•] Number of Equity Shares* Percentage of Issue Size available for Allotment/ allocation Basis of Allotment/ Allocation in case of oversubscription Minimum Bid Maximum Bid Bid/Allotment Lot Who can Apply ** Terms of Payment 2. Category Non-Institutional Investors Up to [] Equity Shares Up to 10% of Net Issue to public Proportionate Such number of Equity Shares that the Bid Amount exceeds Rs. 100,000. Such number of Equity....
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.... does not match with the depository records (NSDL or CDSL), then the application shall be rejected. Bid Details • 6. • 7. 8. Retail Individual Investors and [Eligible Employees] applying for a maximum Bid in any of the bidding options not exceeding Rs. 100,000 may bid at Cut-off Price. However, bidding at Cut-off Price is prohibited for QIB and Non-Institutional Investors and such Bids shall be rejected. Each Bid cum Application Form will give the Bidder the choice to bid for up to three optional prices, within the Price Band and specify the number of Equity Shares Bid for in each option. After determination of the Issue Price, the maximum number of Equity Shares Bid for by a Bidder at or above the Issue Price will be considered for allocation/ Allotment and the rest of the Bid(s), irrespective of the Bid Price, will become automatically invalid. The highest amount of three options will be blocked in the account specified. For Bids at Cut-off, the amount blocked will be at the top end of the Price Band Bank account details • Investors to provide the Account number from which the bid amount is authorized to be blocked, Bid amount, bank and branch ....