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New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI - SEBI/HO/DDHS/PoD1/CIR/P/2023/150Extract ..... features of a prospectus as specified by the Board. 4. Further, in terms of Regulation 32(3) of the NCS Regulations , abridged prospectus shall be in the format as specified in Part B of Schedule I of the NCS Regulations . 5. 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 Annex-I of this Circular. 6. Further, instructions to investors for completing the application form is specified in Annex- II. Issuer/ Merchant Bankers/ syndicate members like brokers who are involved in the public issue shall disclose the same on their websites during the period a public issue is kept open. 7. This Circular shall be applicable for all public issues opening on or after October 1, 2023. Accordingly, for public issues that open on or after October 1, 2023, the format of an Abridged Prospectus shall be as per Annex-I of this Circular instead of Part B of Schedule I of the NCS Regulations. 8. A copy of the Abridged Prospectus shall be made available on the website of iss ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... e that you read the Prospectus and the general instructions contained in this Memorandum before applying in the Issue. Unless otherwise specified, all capitalized terms used in this form shall have the meaning ascribed to such terms in the Prospectus. The investors are advised to retain a copy of Abridged Prospectus for their future reference. You may obtain a physical copy of the Application form from our Registered Office, the Lead Managers(LM), Syndicate members, Registrar to the Issue, the Designated Branches of Self Certified Syndicate Banks. You may also download the Prospectus from the websites of SEBI, Lead Managers and Stock Exchanges that is www.sebi.gov.in ; www.nseindia.com ; www.bseindia.com ; websites of LMs (to be specified). NAME OF THE ISSUER and ISSUER s LOGO Date of Incorporation: xxxx , CIN.- xxxx Registered Office Corporate Office Company Secretary and Compliance Officer Email and Telephone Website BRIEF DESCRIPTION OF THE ISSUE Security Name: Type of Instrument: ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... LISTING Please mention the Stock Exchange(s) on which the instrument is proposed to be listed and detail thereof PROMOTERS OF THE ISSUER Sr. No. Name Individual/ Corporate Experience and Educational Qualification Experience: Educational Qualification Details of the promoters should not exceed 500 words while explaining their experience and educational qualifications. BOARD OF DIRECTORS Sr. No. Name Designation (Independent/ Whole-time/ Executive/ Nominee) Experience and Educational Qualification Other Directorships 1 Indian Companies: Foreign Companies: 2 3 4 5 For further details, please refer to page no. [●] of t ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... Subsidiaries By the Subsidiaries Against the Subsidiaries B. Brief details of top 5 material outstanding litigations against the company and amount involved Sr. No. Particulars Litigation filed by Current status Amount involved C. Any litigation or legal action pending or taken by a Government Department or a statutory body or regulatory body during the three years immediately preceding the year of the issue of the issue document against the promoter of the company, if any (200-300 word limit in total). D. Brief details of outstanding criminal proceedings against promoters (200-300 word limit in total MATERIAL DEVELOPMENTS To be provided as mentioned in the Prospectus (es) (only headings) DECLARATION BY THE ISSUER We, hereby, declare that all applicable provis ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... BANKERS TO THE ISSUE AND SPONSOR BANK ESCROW COLLECTION BANKS Only names to be included SELF CERTIFIED SYNDICATE BANKS: (Please scan the QR code to view the Prospectus) Annex-II Instructions For Completing the Application Form 1. Applications cannot be made by: The following categories of persons, and entities, shall not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected: a) Minors without a guardian name (A guardian may apply on behalf of a minor. However, Applications by minors must be made through Application Forms that contain the names of both the minor Applicant and the guardian; It is further clarified that it is the responsibility of the Applicant to ensure that the guardians are competent to contract under applicable statutory/regulatory requirements); b) Persons Resident Outside India, Foreign nationals (including FIIs, FPIs, Qualified Foreign Investors) and other foreign entiti ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... Number and any Application Form, without the PAN is liable to be rejected, irrespective of the amount of transaction. i) All Applicants should check if they are eligible to apply as per the terms of the Shelf Tranche with Prospectus and applicable laws. j) For Applicants, the Applications in physical mode should be submitted to the SCSBs or a member of the Syndicate or to the Trading Members of the Stock Exchanges on the prescribed Application Form. SCSBs may provide the electronic mode for making Application either through an internet enabled banking facility or such other secured, electronically enabled mechanism for Application and blocking funds in the ASBA Account; k) Application Forms should bear the stamp of the Member of the Syndicate, Trading Member of the Stock Exchanges, Designated Intermediaries and/or Designated Branch of the SCSB. Application Forms which do not bear the stamp will be rejected. l) Applicant should correctly mention the ASBA Account number and UPI ID in case applying through UPI Mechanism and ensure that funds equal to the Application Amount are available in the ASBA Account before submitting the Application Form and ensure that the signature in the App ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... ranches is available at .. (website link to be provided) s) ASBA Applicants should ensure that the Application Form is signed by the ASBA Account holder in case the ASBA Applicant is not the account holder. t) ASBA Applicants should ensure that they receive an acknowledgement from the Designated Branch or the concerned Members of the Syndicate or Trading Members of the stock exchange(s), as the case may be, for the submission of the Application Form. 3. Rejection of Applications: a) Applications submitted without blocking of the entire Application Amount. However, the Company may allot bonds up to the value of Application monies paid, if such Application monies exceed the minimum Application size as prescribed hereunder. b) In case of partnership firms, the Application Forms submitted in the name of individual partners and/or accompanied by the individual s PAN rather than the PAN of the partnership firm; c) Applications by persons not competent to contract under the Indian Contract Act, 1872; d) GIR number furnished instead of PAN; e) Applications by OCBs; f) Applications for an amount below the minimum Application size; g) Applications providing details of an inoperative demat ac ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... onds up to the number of Bonds applied for, if the value of such Bonds applied for, exceeds the Minimum Application Size; w) Application Amounts paid not tallying with the number of Bonds applied for; x) Applications for amounts greater than the maximum permissible amounts prescribed by applicable regulations y) Applications by persons/entities who have been debarred from accessing the capital markets by SEBI; z) In case of ASBA Applicants, payment of Application Amount in any mode other than through blocking of Application Amount in the ASBA Accounts shall not be accepted under the ASBA process BASIS OF ALLOTMENT : 1) Reservations shall be made for each of the Categories in the below mentioned format: Particulars Category I Category II Category III Category IV % of the issue size [●]% [●]% [●]% [●]% Size in Amount [●] lakh [●] lakh [●] lakh [●] lakh a) Determined on the basis of date of upload of the Applications on the electronic Appl ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x ..... o the basis of allotment of Bonds pursuant to the Issue shall be taken by the Company in consultation with the Lead Managers, and the Designated Stock Exchange and in compliance with the aforementioned provisions of the Prospectus. Any other queries/issues in connection with the Applications will be appropriately dealt with and decided upon by the Company in consultation with the Lead Managers. iii. The Company shall allocate and allot [●] (depending upon the category of applicants) to all valid applications, wherein the Applicants have not indicated their choice of the relevant Bond Series. iv. The Company has the discretion to close the Issue early irrespective of whether any of the Portion(s) are fully subscribed or not. The Company shall allot Bonds with respect to the Applications received till the time of such pre-closure in accordance with the Basis of Allotment as described hereinabove and subject to applicable statutory and/or regulatory requirements. INVESTOR WITHDRAWALS: Applicants are allowed to withdraw their Applications at any time [●]. TERMS OF THE ISSUE: 1. Minimum Subscription : If the Company does not receive the minimum subscription of 75 % of the Ba ..... x x x x x Extracts x x x x x New format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’ - SEBI x x x x x Extracts x x x x x
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