Arrange meetings with the key investors, facilitate communication about the growth potential of the Company and articulate the key marketing themes and positioning of the Company. vi) Undertake market research, assist in pricing the Issue, allotment of shares and provide after-sales support, etc. vii) Perform all other responsibilities related to the disinvestment of the Government of India's shareholding in National Seeds Corporation Limited (NSC) through “Initial Public Offer". viii). The cost of the preparation will be borne by the BRLMs and the cost of publication will be borne by the Government All expenses in this regard will be borne by the BRLMs except the tour expenses of the Government and National Seeds Corporation Ltd. xii) Advise the Government of India on the timing and the modalities of the disinvestment of the Government of India's shareholding in National Seeds Corporation Limited (NSC) ) through “Initial Public Offer”.xiii) Ensure optimum return to the Government.
In addition, if the filing fee is required to be paid again due to a postponement of the offering, the government will reimburse the initial filing fee paid by the BRLMs. The Inter-Se submitted by the selected bankers will be reviewed by DIPAM and they may have to make certain changes and resubmit the Inter-Se. The revised Inter-Se must be submitted to DIPAM within two days of completion of the revisions in the Inter-Se with DIPAM. The revised action plan must be submitted to DIPAM within two days of completion of the revisions in the action plan with DIPAM.
Bids will be opened in the presence of bidders (who are technically qualified based on the presentations) immediately after the presentations. Details of signature commitments (including strong signature) which could not be met. xii) Indicate the realistic time schedule for initiation of the proposed disinvestment of Government of India stake in NSC through IPO with the breakdown of all activities to be undertaken by various agencies involved in the process.
Payment of Selling Commission
Please provide details in the format given in Annexure – V. ii) Number of research reports published in the sector to which CPSE belongs. iii) Background of the research team including ranking, if any.
Procedure for Selection of the Book Running-Lead Managers (BRLMs)
Shortlisted bidders may, if they wish, be present at the opening of financial bids. The qualifying scores and scores achieved by the shortlisted bidders will be published prior to the opening of the financial bids. The date and time of the opening of financial offers will be announced during the presentations.
The other technically qualified bidders ranked as H2, H3 and so on in that order would be asked to accept the rules mentioned in paragraph 10.7 regarding sharing of the fees, and the parties so accepting the fees will also be appointed to the required number of BRLMs. have been filled. In the event of a tie between the BRLMs, the BRLM with more experience in handling transactions will be appointed as left lead from July 1, 2018 to June 31, 2021. 30% of the discovered consideration would be distributed among the bankers, in proportion to the total final bid amount (excluding rejection and withdrawal cases) raised by each banker (including QIB, NII and retail investors but excluding company employees).
The BRLMs will submit a list of QIB investors that each BRLM must contact before submitting the RHP to DIPAM. Credit will be extended to the respective BRLM/BRLMs to whom the respective investor is/are assigned. If an investor is assigned to more than one BRLM, the credit will be distributed equally among all responsible BRLMs.
Credit will be given to the BRLM who arranged the meeting/call with the investor. For an ineligible investor with whom the BRLMs have not arranged a meeting/call, credit may be given to BRLM on the basis of a written confirmation (including mail/Bloomberg confirmation/broker code from application form) provided by the authorized representative of the investor to the BRLM. If an ineligible investor does not fall in (a) or (b) mentioned above, credit for such investors will be divided equally among the BRLMs.
DIPAM will rely on the certification issued jointly by the BRLMs for the payment of the fees.
Requirements for Financial Bids
The lowest fee quoted by any of the shortlisted bidders would be treated as a waiver fee to be paid by the government and shared equally by all bidders.
Termination of the Assignment
Non-disclosure Agreement
Please note the number of envelopes in which the tender documents must be submitted, the number of documents - including the names and contents of each of the documents to be submitted. Bid documents can be scanned at 100 dpi with black and white setting, which helps reduce the size of the scanned document. The confidentiality of the bids is maintained using the secured Socket Layer 128 bit encryption technology.
Serious offense will be defined as being of such a nature that it offends the moral sense of the community. The decision as to the nature of the offense would be made on a case-by-case basis after consideration of the facts of the case and relevant legal principles by the Government. They will also have to give an undertaking that if they are disqualified as per the prescribed criteria, at any time before the transaction is completed, they will be required to inform the government of the same and voluntarily withdraw from the assignment. h).
Interested parties would also be required to provide a list or disclose all authorized transactions falling within the same line of business as the company (which is removed) in relation to any transaction of the same nature as a transaction for which the government and/or the company (which is eliminated) proposes the selection or appointment of a consultant and confirms in writing that on the date of submission of the appointment proposal there is no conflict of interest / their appointment as a consultant in dealing with the business and that, if such a conflict of interest were to occur in the future, the consultant would immediately notify government/company (which is taken away). Page 26 of 30 gives the consultant consent to continue to serve as a consultant or to terminate the appointment of a consultant. For disinvestment purposes, a conflict of interest is defined to include the Consultant's involvement in any activity or transaction in connection with any third party in the course of the transaction that would or could reasonably be expected to, directly or indirectly, materially adversely affect the interests of the Government of India and/or the Company (which is removed) in connection with a transaction and in respect of which the Adviser has acquired or may have acquired in the course of business any proprietary or confidential information which, if known to any other client of the Adviser, such client may on use any means to the material detriment of the Government of India and/or the Company (which is divested) in the transaction. i) A conflict of interest shall be deemed to have arisen if any adviser in connection with the transaction is appointed by a third party to advise or act on behalf of or in connection with any other person or entity (including any company, partnership, proprietary concern) . or individual or HUF or association of persons or association of individuals) engaged in the same line of business as the company (which is disinvested) in respect of any transaction of the same nature as the transaction for which the Government and/or the company (which is disinvested) proposes the selection or appointment of a consultant.
Further, the decision of the Government/Company (to dissolve) whether any other person or entity is engaged in the same line of business as that of the dissolving Company shall be final and binding on the Adviser. Professional or commercial relationship is defined to include acting on behalf of the offeror or undertaking any duties for the offeror of any nature, whether or not directly related to the disinvestment transaction. This clause is only applicable in strategic sales). k) Interested parties will also be required to provide information and disclose that at the date of submission of their proposal for appointment/appointment as advisors in connection with the transaction, they advise or act on behalf of or are associated with any other person. or entity (including any company, partnership, proprietary concern or individual or an HUF or association of persons or body of individuals) which is engaged in the same line of business as that of the Company (being disinvested), in connection with any transaction of the same nature as the transaction for which the Government and/or the Company (being dissolved) is proposing to select or have appointed the Adviser.
Page 27 of 30 - In the event that the adviser fails to disclose that it is advising or acting on behalf of or associated with another person or entity engaged in the same industry as the company (being disinvested), in respect of any transaction of the same nature as the transaction for which the Government and/or the Company (being disinvested) proposes to select or have appointed the Adviser, at the time of giving the above undertaking, the Government/Company (being disinvested) ) is entitled to terminate their employment. The decision of the Government/Company (being disinvested) in this regard is final and binding on the adviser. In the event that the Adviser does not obtain the prior written consent of the Government/Company (being disinvested) as aforesaid, the Government/Company (being disinvested) shall be entitled to terminate the appointment of the Adviser.
