TMI BlogNew format of Abridged Prospectus for public issues of Non-Convertible Debt Securities and/or Non-convertible Redeemable Preference Shares’X X X X Extracts X X X X X X X X Extracts X X X X ..... is accompanied by an Abridged Prospectus. 3. As per Regulation 2(1)(a) of SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021 ( NCS Regulations ) abridged prospectus means a memorandum accompanying the application form for a public issue containing such salient 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Pradeep Ramakrishnan General Manager Department of Debt and Hybrid Securities +91 022 2644 9246 pradeepr@sebi.gov.in Annex-I ABRIDGED PROSPECTUS THIS ABRIDGED PROSPECTUS CONSISTS OF XX PAGES. PLEASE ENSURE THAT YOU HAVE RECEIVED ALL THE PAGES You are encouraged to read greater details available in the Prospectus (link to download Prospectus) Please ensure 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). ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xt of the Issue; that the information contained in the Prospectus will be true and correct in all material respects and is not misleading in any material respect; that the opinions and intentions expressed herein are honestly held and that there are no other material facts, the omission of which makes the Prospectus as a whole or any such information or the expression of any such opinions or intentions misleading in any material respect at the time of the relevant Issue. CREDIT RATING Name of Credit Rating Agency(ies) Rating(s) obtained Date(s) of the press release of the Credit Rating Agency 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Name of the Criminal Procee-dings Tax Proce-edings Statutory or Regulatory Proceedings Disciplinary actions by the SEBI or Stock Exchanges against our Promoters Material Civil Litigations Aggregate amount involved (Rs. in crores) Company By the Company Against the Company Directors By the Directors ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... may be, have been complied with and no statement made in the Prospectus is contrary to the such requirements. We, further certify that the Prospectus does not omit disclosure of any material information that may make the statements made herein, in the light of the circumstances in which they were made, misleading and that all statements in the Prospectus are true and correct in all material respects. Date: Place: FINANCIAL HIGHLIGHTS Key operational and financial parameters on consolidated and standalone basis as per clause 3.3.10 of Schedule I (Disclosure for Issue of Securities) of SEBI (Issue and listing of Non-Convertible Securities) Regulations, 2021, as amended: For detailed financial statements of our Company, please refer to page no. [●] of the Prospectus. OBJECTS OF THE ISSUE The Net Proceeds raised through the Issue will be utilized for following activities in the ratio provided as below: a) For the purpose of [●] [●] % of the amount raised and allotted in the Issue b) For General Corporate Purposes- [●] % of the amount raised and allotted in the Issue ISSUE PROCEDURE ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o 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 entities; c) Foreign Venture Capital Investor; d) Overseas Corporate Bodies; and e) Person ineligible to contract under applicable statutory/ regulatory requirements. f) Any other category of Applicants not provided for under Issue Procedure- Who are eligible to apply? on page [●] of the Prospectus 2. General Instructions for completing the Application Form: a) Application Forms are to be completed in full, in BLOCK LETTERS in ENGLISH and in accordance with the instructions contained in the Prospectus and the Application Form. Incomplete Application Forms are liable to be rejected. Applicants should note tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r 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 Application Form matches with the signature in the Applicant s bank records. m) The Applicants should ensure that they have been given a TRS and an acknowledgement as proof of having accepted the Application Form; n) Applicants may revise/ modify their Application details during the Issue Period, as allowed/permitted by the Stock Exchanges, by submitting a written request to the Designated Intermediary, as the case may be. However, for the purpose of Allotment, the date of original upload of the Application will be considered in case of such rev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s 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 account; h) Applications of more than five ASBA forms per ASBA Account; i) UPI Mandate request is not approved by the investor within the prescribed timelines; j) In case of Applications under power of attorney or by limited companies, corporate, trust etc., relevant documents are not submitted; k) Applications accompanied by Stock invest/ money order/postal order/cash; l) Signature of sole Applicant missing, or, in case of joint Applicants, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ccessing 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 Application platform of the relevant stock exchanges. b) Under subscription: If there is any under subscription in any Category the spill over to other categories shall be in the following order: Category IV; ii. Category III; iii. Category II; and iv. Cat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 Base Issue, i.e. [●] prior to the Issue Closing Date, the entire subscription amount shall be unblocked within Eight Working Days from the date of closure of the I ..... X X X X Extracts X X X X X X X X Extracts X X X X
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