BASIS FOR OFFER PRICE

The Offer Price was determined by our Company and the Promoter Selling Shareholder, in consultation with the
BRLMs, on the basis of assessment of market demand for the Equity Shares offered through the Book Building
Process and on the basis of the following qualitative and quantitative factors. The face value of the Equity Shares is
210 each and the Floor Price is 16.6 times the face value and the Cap Price is 17.5 times the face value.

Qualitative Factors
Some of the qualitative factors which form the basis for computing the Offer Price are set out below:

Omni-Channel Integrated Payment and Cash Solutions Provider

Customer Driven Portfolio with Strong Capabilities to Develop Customized Solutions In-house

Diversified Product Portfolio, Customer Base and Revenue Streams Leading to Cross-Selling Opportunities
Long-Standing Relationships with Technology Providers and Customers

Dedicated In-house Infrastructure and Technological Capabilities

Experienced Board of Directors and Senior Management

For further details, see “Our Business” and “Risk Factors” on pages 153 and 24, respectively.
Quantitative Factors
Information presented in this section is derived from our Restated Consolidated Financial Information.

Some of the quantitative factors which may form the basis for computing the Offer Price are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

1; Basic and Diluted Earnings per Equity Share (“EPS”):
Derived from our Restated Consolidated Financial Information:
Financial Year/ Period Basic EPS @ Diluted EPS (@) Weight

March 31, 2021 4.62 4.55 3
March 31, 2020 7.00 6.90 2
March 31, 2019 5.58 5.53 1
Weighted Average 5.57 5.50. :
August 31, 2021" (53) (53) =

*Not annualized

Notes:

1. The EPS calculations have been done in accordance with the Ind AS 33 accounting standard and rule 7 of the Companies
(Accounts) Rules, 2014.

2. The face value of each Equity Share is 210.

3. Basic Earnings per Equity Share (2) = Restated Consolidated profit for the year/ period attributable to equity shareholders
/Weighted average number of equity shares outstanding during the year/ period

4. Diluted Earnings per Equity Share (2) = Restated Consolidated profit for the year/ period attributable to equity

shareholders /Weighted average number of equity shares outstanding during the year/ period.

Weighted average number of Equity Shares is the number of Equity Shares outstanding at the beginning of the year/ period

adjusted by the number of Equity Shares issued during the year multiplied by the time weighting factor. The time weighting

factor is the number of days for which the specific Equity Shares are outstanding as a proportion of total number of days

during the year! period.

w

 

 

 

 

 

 

 

 

 

2. Price Earning Ratio (“P/E”) in relation to the Price Band of $166 to 175 per Equity Share:
Particulars P/E Ratio
P/E ratio based on Basic EPS for Fiscal 2021 at the Floor Price: 35.93
P/E ratio based on Diluted EPS for Fiscal 2021 at the Floor Price: 36.48
P/E ratio based on Basic EPS for Fiscal 2021 at the Cap Price: 37.88
P/E ratio based on Diluted EPS for Fiscal 2021 at the Cap Price: 38.46
Industry P/E NA
Highest NA
Lowest NA
Industry Composite NA

 

 

 

 

108
