The acquirer of the shares (the company in this case) shall appoint designated Book Running Lead Manager (BRLM) for accepting offers from the share holders. The company/acquirer intending to delist its shares through Book Building process is identified by way of a symbol assigned to it by BRLM. Orders for the offer shall be placed by the share holders only through the designated trading members, duly approved by the Exchange. The designated trading members shall ensure that the security / share holders deposit the securities offered with the trading members prior to placement of an order. The offer shall be open for 'n' number of days. The BRLM shall intimate the final acceptance price and provide the valid accepted order file to the Securities Clearing Corporation (A wholly owned subsidiary of the stock exchanges carrying out clearing and responsible for settlement operations). SEBI guidelines shall be applicable to delisting of securities of companies and specifically apply to: