Common use of ALLOCATION AND ALLOTMENT Clause in Contracts

ALLOCATION AND ALLOTMENT. 6.1 The Offer will be made in accordance with Regulation 6(1) of the SEBI ICDR Regulations. Subject to valid Bids being received at or above the Offer Price, not more than 50% of the Offer shall be allocated on a proportionate basis to QIBs. The Company and the Promoter Selling Shareholder may, in consultation with the Lead Manager allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis in accordance with the SEBI ICDR Regulations, out of which one-third shall be available for allocation to domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Xxxxx, provided however that, subject to and in accordance with the terms of the Red Xxxxxxx Prospectus, if the aggregate demand by Mutual Funds is less than 5% of the QIB Category, the balance Equity Shares, available for allocation in the Mutual Fund Portion will be added to the QIB Category and be allocated proportionately to QIBs (other than Anchor Investors). Mutual Funds participating in the Mutual Fund Portion will also be eligible for allocation in the remaining QIB Category to the extent of Equity Shares Bid by them for in excess of allocation under the Mutual Fund Portion.

Appears in 1 contract

Samples: Syndicate Agreement

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ALLOCATION AND ALLOTMENT. 6.1 The Offer will be made in accordance with Regulation 6(1) of the SEBI ICDR Regulations. Subject to valid Bids being received at or above the Offer Price, not more than 50% of the Offer shall be allocated available for allocation on a proportionate basis to QIBs. The , provided that the Company and the Corporate Promoter Selling Shareholder mayShareholders and the Investor Selling Shareholders, in consultation with the Book Running Lead Manager Managers may allocate up to 60% of the QIB Portion to Anchor Investors at on a discretionary basis. One-third of the Anchor Investor Allocation Price, on a discretionary basis in accordance with the SEBI ICDR Regulations, out of which one-third Portion shall be available reserved for allocation to domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors)Bidders, including Mutual Funds, subject to valid Bids being received at or above the Offer Xxxxx, provided however that, subject to and in accordance with the terms of the Red Xxxxxxx ProspectusPrice. However, if the aggregate demand by from Mutual Funds is less than 5% of the Net QIB CategoryPortion, the balance Equity Shares, Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Category and be allocated proportionately Portion for proportionate allocation to QIBs (other than Anchor Investors)QIBs. Mutual Funds participating in the Mutual Fund Portion will also be eligible for allocation in the remaining QIB Category to the extent of Equity Shares Bid by them for in excess of allocation under the Mutual Fund Portion.

Appears in 1 contract

Samples: Syndicate Agreement

ALLOCATION AND ALLOTMENT. 6.1 The Offer will be made in accordance with Regulation 6(1) of the SEBI ICDR Regulations. Subject to valid Bids being received at or above the Offer Issue Price, not more less than 5075% of the Offer Net Issue shall be allocated on a proportionate basis to QIBs. The Company and the Promoter Selling Shareholder may, in consultation with the Lead Manager allocate BRLMs, may allot up to 60% of the QIB Portion may be allocated to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis in accordance with the SEBI ICDR Regulations, out of which one-third shall be available reserved for allocation to domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5in accordance with the SEBI ICDR Regulations.5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders QIBs (other than Anchor Investors), ) including Mutual Funds, subject to valid Bids being received at or above the Offer XxxxxIssue Price, provided provided, however that, subject to and in accordance with the terms of the Red Xxxxxxx Prospectus, if the aggregate demand by Mutual Funds is less than 5% of the Net QIB CategoryPortion, the balance Equity Shares, Shares available for allocation in the Mutual Fund Portion will be added to the remaining QIB Category and be allocated proportionately Portion for proportionate allocation to QIBs (other than Anchor Investors)QIBs. Mutual Funds participating in the Mutual Fund Portion portion will also be eligible for allocation in the remaining QIB Category to the extent of Equity Shares Bid by them for Portion. The unsubscribed portion in excess of allocation under the Mutual Fund Portion will be added to the Net QIB Portion.

Appears in 1 contract

Samples: Syndicate Agreement

ALLOCATION AND ALLOTMENT. 6.1 The Offer will be made in accordance with Regulation 6(1) of the SEBI ICDR Regulations. Subject to valid Bids being received at or above the Offer Price, not more than 50% of the Net Offer shall be allocated available for allocation to QIBs on a proportionate basis to QIBs. The basis, provided that the Company (acting through the IPO Committee) and the Promoter Selling Shareholder mayShareholders, in consultation with the Lead Manager Managers may allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis in accordance with the SEBI ICDR Regulations, out of which one-third shall be available reserved for allocation to domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds them at or above the Anchor Investor Allocation Price. Further, 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. Such number of Equity Shares representing 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the . The remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors)QIBs, including Mutual Funds, subject to valid Bids being received from them at or above the Offer Xxxxx, provided however that, subject to and in accordance with the terms of the Red Xxxxxxx ProspectusPrice. However, if the aggregate demand by from Mutual Funds is less than 5% of the Net QIB CategoryPortion, the balance Equity Shares, Shares available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Category and be allocated proportionately Portion for proportionate allocation to QIBs (other than Anchor Investors). Mutual Funds participating in the Mutual Fund Portion will also be eligible for allocation in the remaining QIB Category to the extent of Equity Shares Bid by them for in excess of allocation under the Mutual Fund Portionall QIBs.

Appears in 1 contract

Samples: Syndicate Agreement

ALLOCATION AND ALLOTMENT. 6.1 The Offer will be made in accordance with Regulation 6(1) of the SEBI ICDR Regulations. Subject to valid Bids being received at or above the Offer Price, not more less than 5075% of the Net Offer shall be allocated on a proportionate basis to QIBs. The Company and the Promoter Selling Shareholder Shareholders (excluding WWD Ruby Limited) may, in consultation with the Lead Manager BRLMs allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis in accordance with the SEBI ICDR Regulations, out of which one-third shall be available for allocation to domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. Further, 5% of the QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer XxxxxPrice, provided however that, subject to and in accordance with the terms of the Red Xxxxxxx Prospectus, if the aggregate demand by Mutual Funds is less than 5% of the QIB Category, the balance Equity Shares, available for allocation in the Mutual Fund Portion will be added to the QIB Category and be allocated proportionately to QIBs (other than Anchor Investors). Mutual Funds participating in the Mutual Fund Portion will also be eligible for allocation in the remaining QIB Category to the extent of Equity Shares Bid by them for in excess of allocation under the Mutual Fund Portion.

Appears in 1 contract

Samples: Syndicate Agreement

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ALLOCATION AND ALLOTMENT. 6.1 The Offer will be is being made in accordance terms of Rule 19(2)(b) of the SCRR, read with Regulation 31 of the SEBI ICDR Regulations. The Offer is being made through the Book Building Process, in compliance with Regulation 6(1) of the SEBI ICDR Regulations. Subject to valid Bids being received at or above the Offer Price, wherein not more than 50% of the Net Offer shall be allocated available for allocation on a proportionate basis to Qualified Institutional Buyers (β€œQIBs. The ”), provided that our Company and the Promoter Selling Shareholder may, in consultation with the Lead Manager BRLMs, may allocate up to 60% of the QIB Portion to Anchor Investors at and the Anchor Investor Allocation Price, basis of such allocation will be on a discretionary basis by our Company in accordance consultation with the SEBI ICDR RegulationsBRLMs, out of which one-third shall be available reserved for allocation to the domestic Mutual Funds, subject to valid Bids being received from the domestic Mutual Funds at or above Anchor Investor Allocation Price in accordance with the SEBI ICDR Regulations. In the event of undersubscription or non-allocation in the Anchor Investor Allocation PricePortion, the balance Equity Shares shall be added to the QIB Portion (other than the Anchor Investor Portion). Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds onlyFunds, subject to valid Bids being received at or above the Offer Price, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders QIBs (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer Xxxxx, provided however that, subject to and in accordance with the terms of the Red Xxxxxxx ProspectusPrice. However, if the aggregate demand by from Mutual Funds is less than 5% of the Net QIB CategoryPortion, the balance Equity Shares, Shares available for allocation in the Mutual Fund Portion will be added to the QIB Category and be allocated proportionately to QIBs (other than Anchor Investors). Mutual Funds participating in the Mutual Fund Portion will also be eligible for allocation in the remaining QIB Category Portion for proportionate allocation to the extent of Equity Shares Bid by them for in excess of allocation under the Mutual Fund PortionQIBs.

Appears in 1 contract

Samples: Syndicate Agreement

ALLOCATION AND ALLOTMENT. 6.1 The Offer will be made in accordance with Regulation 6(1) of the SEBI ICDR Regulations. Subject to valid Bids being received at or above the Offer Price, not more than 50% of the Net Offer shall be allocated Allocated on a proportionate basis to QIBs. The Company and the Promoter Selling Shareholder may, in consultation with the Lead Manager BRLMs allocate up to 60% of the QIB Portion to Anchor Investors at the Anchor Investor Allocation Price, on a discretionary basis in accordance with the SEBI ICDR Regulations, out of which one-third shall be available for allocation to domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. 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. Further, 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIB Bidders (other than Anchor Investors), including Mutual Funds, subject to valid Bids being received at or above the Offer XxxxxPrice, provided however that, subject to and in accordance with the terms of the Red Xxxxxxx Prospectus, if the aggregate demand by Mutual Funds is less than 5% of the Net QIB CategoryPortion, the balance Equity Shares, available for allocation in the Mutual Fund Portion will be added to the remaining Net QIB Category Portion and be allocated proportionately to QIBs (other than Anchor Investors)QIBs. Mutual Funds participating in the Mutual Fund Portion will also be eligible for allocation in the remaining Net QIB Category to the extent of Equity Shares Bid by them for Portion. The unsubscribed portion in excess of allocation under the Mutual Fund Portion will be added to the Net QIB Portion.

Appears in 1 contract

Samples: Syndicate Agreement

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