ISSUER Annexure 1 – Book Building Issues Process Flow Chart ISSUE

CO. OPENS
In – principle SE
Full page
advertisement
Approval
for 5 days
before issue
opens
DRAFT DRAFT
BRLM SEBI ROC
RHP RHP
BRLM
• Application to SE
• BIDDING centres finalised
BRLM
• Floor Price and Price Band finalised by
• Appoints – Syndicate Members
Issuer Company
(SM), Registrars, Underwriters,
• Issue time table finalised
Printers, Bankers to the Issue, Ad
• Arrangements with BSE/ NSE for book
Agencies, Escrow Accounts.
• Submits –Prepares and files due – building process (usage of software for the
diligence and draft RHP with SEBI; bidding process)
Submits filing fees to SEBI;
Obtains in-principle approval from Printing RHP and Application.(Bid) Forms
SE and files with SEBI; enters into
tripartite agreement with Registrars
and Depositories.

Despatch of RHP & Bid Forms To SEs,

Investor Assoc. & SM

ADVT. Escrow Agreement Signed Syndicate Agreement filed

With Bankers with SEBI
 ISSUE Underwriting
CLOSES agreement signed with
BRLM and SM
Investor submits update
forms prospectus

Price determination by
BRLM / ISSUER
SM and SUB - SM

Applications + cheques offline(batch) /

online data entry

BRLM submits Allocation to
BSE / NSE
BANKERS TO AN ISSUE final prospectus QIBs on
to QIBs and Discretionary
• collects physical forms from Offer document portion
electronic book
SM to SEBI / ROC
• schedule of Bid – forms
prepared BRLM
• sends cheques / drafts for
clearance
• informs registrar about electronic book Strike Order
cheque / clearance details of CANs and
• sends physical forms to Refund
registrar Warrants
REGISTRAR
given to the
Printer
• Data entry
• Reconciliation of data received
from BRLM
• Reconciliation of Bank
statements
• Reconciles physical forms
 Allocation approved by SEs Issuer approves
allotment
(Board Resolution)

Basis of Allocation
finalised by Issuer, BRLM REGISTRAR confirmation of despatch ISSUER
Registrar, BRLM, of refund orders CO. /
Designated SE and PR • Electronic data file BRLM
sent to Depositories
TRANSFER OF for crediting accounts
FUNDS • Despatch refund
from Escrow orders to non-
BRLM allottees within 2 confirmation
account to
Public Issue working days of credit to BO
account • Confirmation of accounts
CANs despatch of refund
orders
• Provide issuers with
requisite documents
QIBs REGISTRAR

• Data for
reconciliation of QIB
• Basis of allocation DEPOSITORIES
finalised for Retail
and HNI Crediting of shares into
• Submission of Basis individual BO accounts STOCK EX.
of allocation to SEs • Issuer seeks listing
approval
• If approved, trading
commences
ABBREVIATIONS USED

SM - Syndicate Members
SE - Stock Exchanges
BRLM – Book Running Lead Managera
RHP – Red Herring Prospectus
ROC – Registrar of Companies
Sub – SM – Sub Syndicate Manager
QIB – Qualified Institutional Buyers
HNI – High Net-worth Individuals
CAN – Confirmation of Allocation Notes
PR – Public Representative
BO – Beneficiary Owners