 

ACCOUNTS

COMMENCEMENT OF TRADING OF THE EQUITY On or about Thursday, March 25, 2021

SHARES ON THE STOCK EXCHANGES
* The Anchor Investor Bidding Date was one Working Day prior to the Bid/Offer Opening Date in accordance with the SEBIICDR Regulations
i.e. Friday, March 12, 2021.
“In case of any delay in unblocking of amounts in the ASBA Accounts (including amounts blocked through the UPI Mechanism) exceeding
four Working Days from the Bid/Offer Closing Date, the Bidder shall be compensated at a uniform rate of @ 100 per day for the entire duration
of delay exceeding four Working Days from the Bid/Offer Closing Date by the intermediary responsible for causing such delay in unblocking.
The BRLMs shall, in their sole discretion, identify and fix the liability on such intermediary or entity responsible for such delay in unblocking.

 

 

This timetable is indicative in nature and does not constitute any obligation or liability on our Company,
the Selling Shareholders or the members of the Syndicate.

While our Company will use best efforts to ensure that listing and trading of our Equity Shares on the
Stock Exchanges commences within six Working Days of the Bid/Offer Closing Date, the timetable may be
subject to change for various reasons, including any delays in receipt of final listing and trading approvals
from the Stock Exchanges, delay in receipt of final certificates from SCSBs, etc. The commencement of
trading of the Equity Shares will be entirely at the discretion of the Stock Exchanges in accordance with
applicable law. Bids other than Bids from Anchor Investors for non-ASBA were liable to be rejected.

SEBI is in the process of streamlining and reducing the post issue timeline for IPOs. Any circulars or
notifications from SEBI after the date of this Prospectus may result in changes to the above mentioned
timelines. Further, the offer procedure is subject to change basis any revised SEBI circulars to this effect.

Minimum Subscription

If our Company does not receive the minimum subscription of 90% of the Fresh Issue, including through the
devolvement to the Underwriters, as applicable, on the date of closure of the issue; or withdrawal of applications;
or after technical rejections; or if the listing or trading permission is not obtained from the Stock Exchanges for
the Equity Shares so offered under the Red Herring Prospectus, our Company shall forthwith refund the entire
subscription amount received within the timelines prescribed under applicable laws, failing which, the Directors
of our Company who are officers in default shall jointly and severally be liable to repay that money with interest
at the rate of 15% per annum. This is further subject to the compliance with Rule 19(2)(b) of the SCRR.

Further in terms of Regulation 49(1) of the SEBI ICDR Regulations, our Company will ensure that the number of
Bidders to whom the Equity Shares are Allotted in the Offer will be not less than 1,000.

In the event of under subscription in the Offer, the Equity Shares will be Allotted in the following order:

(i) such number of Equity Shares will first be Allotted by the Company such that 90% of the Fresh Issue portion
is subscribed;

(ii) next, the Offered Shares will be Allotted, in proportion to the number of Equity Shares offered by each
Selling Shareholder, in a pro-rata manner; and

(iii) once Equity Shares have been Allotted as per (i) and (ii) above, such number of Equity Shares will be
Allotted by the Company that the balance 10% of the Fresh Issue portion is also subscribed.

Arrangement for Disposal of Odd Lots

Since our Equity Shares will be traded in dematerialized form only and the market lot for our Equity Shares will
be one Equity Share, no arrangements for disposal of odd lots are required.

Restriction on Transfer of Shares

Except for lock-in of pre-Offer equity shareholding, Minimum Promoter’s Contribution and Anchor Investor lock-
in the Offer, as detailed in “Capital Structure - History of Equity Share Capital Build-up, Contribution and
Lock-in of Promoter’s Shareholding” on page 72 and as provided in our Articles as detailed in “Main Provisions
of Articles of Association” on page 368, there are no restrictions on transfers and transmission of shares and on
their consolidation/splitting.

Allotment in Dematerialized Form

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