Disclosures in the abridged prospectus and front cover page of the offer document
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....r, Section 33(1) of the Companies Act stipulates that that every application form for the purchase of any securities of a company shall be accompanied by an abridged prospectus. 4. In order to further simplify, provide greater clarity and consistency in the disclosures across various documents and to provide additional but critical information in the abridged prospectus, the format for disclosures in the abridged prospectus has been revised and is placed at Annexure A of this Circular. II. Disclosures in the front cover page of the offer document 1. Clause 1(a) of Part A - Schedule VI of the ICDR Regulations, specifies information to be disclosed on the front outside cover page of offer document. 2. Upon review of the aforesaid disclosure requirement, it was felt that due to the multitude of information which is required to be disclosed, the look and text on the front page appears to be crowded. 3. In connection to above, it may be noted that the amendments to Part A of Schedule VI including the disclosure requirements for front outside cover page were notified in the Official Gazette on Jan 14, 2022. 4. With regard to above, a format....
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[email protected] ============= Document 1 Annexure A This is an abridged prospectus containing salient features of the Red Herring Prospectus (the "RHP"). You are encouraged to read greater details available in the RHP (Link to download RHP). THIS ABRIDGED PROSPECTUS CONSISTS ‘XY' PAGES. PLEASE ENSURE THAT YOU HAVE RECEIVED ALL THE PAGES. Registered Office Corporate Office NAME OF THE ISSUER COMPANY CIN: XXXXX, Date of Incorporation: XXX Contact Person Email and Telephone Website Details of Offer to Public NAMES OF PROMOTER(S) OF THE COMPANY Type of Issue (Fresh/ OFS/ Fresh & OFS) Fresh Issue Size OFS Size (by no. (by no. of shares or by amount in Rs) of shares or by amount in Rs) Total Issue Size (by no. of shares or by amount in Rs) Issue Under 6(1)/ 6(2) Share Reservation QIB NII RII These equity shares are proposed to be listed on (to be specified) (designated stock exchange) and (to be specified). OFS: Offer for Sale Details of OFS by Promoter(s)/ Promoter Group/ Other Selling Shareholders (upto a maximum of 10 selling shareholders) Name ТуÑ....
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....n 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 (“SEBIâ€), nor does, SEBI guarantee the accuracy or adequacy of the contents of the RHP. Specified attention of the investors is invited to the section titled “Risk Factors†at page XXX of the RHP and on page XX of this Abridged Prospectus. PROCEDURE You may obtain a physical copy of the Bid-cum-Application Form and the RHP from the stock exchange, syndicate members, registrar to the issue, share transfer agents, depository participants, stock brokers, underwriters, bankers to the issue, investors' associations or Self Certified Syndicate Banks. If you wish to know about processes and procedures applicable to this issue, you may request for a copy of the RHP and/or the General Information Document (GID) from the BRLM's or download it from the websites of the Stock Exchanges i.e. www.nseindia.com; www.bseindia.com; and the BRLMs (websites to be specified). Issue Name Name of Merchant Banker PRICE INFORMATION OF BRLM's* +/-% ....
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.... Manufacturing plant, if any: Employee Strength: Note: (1) The quantitative statements shall be substantiated with Key Performance Indicators (KPIs) and other quantitative factors. (2) No qualitative statements shall be made which cannot be substantiated with KPIs. (3) Information provided in the table should not exceed 1000 words. Page X of Y Sr. Name No. 1 2 3 4 5 BOARD OF DIRECTORS Designation (Independent / Whole time Executive / Nominee) Experience & Educational Page X of Y Qualification Annexure A Other Directorships Indian Companies: Foreign Companies: OBJECTS OF THE ISSUE Annexure A Details of means of finance The find requirements for each of the objects of the Issue are stated as follows: (Rs. in crores) Sr. No. Objects of the Issue Estimated Net Proceeds Utilization Total estimate cost Amount deployed till Amount to be financed from Net Proceeds Fiscal 20 Fiscal 20 1 2 3 4 5 General corporate purposes Total Details and reasons for non-deployment or delay in deployment of proceeds or changes in utilization of iss....
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.... Amount involved C. Regulatory Action, if any - disciplinary action taken by SEBI or stock exchanges against the Promoters in last 5 financial years including outstanding action, if any (200 - 300 word limit in total) D. Brief details of outstanding criminal proceedings against Promoters (200 - 300-word limit in total) ANY OTHER IMPORTANT INFORMATION AS PER BRLM / ISSUER COMPANY DECLARATION BY THE COMPANY We hereby declare that all relevant provisions of the Companies Act, 1956, the Companies Act, 2013 and the guidelines/regulations issued by the Government of India or the guidelines/regulations issued by the Securities and Exchange Board of India, established under Section 3 of the Securities and Exchange Board of India Act, 1992, as the case may he have been complied with and no statement made in the Red Herring Prospectus is contrary to the provisions of the Companies Act, 1956, the Companies Act, 2013, the Securities and Exchange Board of India Act, 1992 or rules made or guidelines or regulation issued there under, as the case may be. We further certify that all statements in the Red Herring Prospectus are true and correct. Page X of Y ....
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....orthe Equity Shares by way of the Book Building Process, as stated under "Basis for Offer Price" on page [•] should not be considered to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active or sustained trading in the Equity Shares nor regarding the price at which the Equity Shares will be traded after listing. GENERAL RISK Investments in equity and equity-related securities involve a degree of risk and investors should not investany funds in the Offer unless they can afford to take the risk of losing their entire investment. Investors are advised to read the risk factors carefully before taking an investment decision in the Offer. For taking an investment decision, investors must rely on their own examination of our Company and the Offer, including the risks involved. The Equity Shares in the Offer have not been recommended or approved by the Securities and Exchange Board of India ("SEBIâ€), nor does SEBI guarantee the accuracy or adequacy of the contents of this Draft Red Herring Prospectus. Specific attention of the investors is invited to "Risk Factors" on page....
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