procedure within six Working Days from the Bid/Offer Closing Date, identifying non-adherence to
timelines and processes and an analysis of entities responsible for the delay and the reasons associated with
it.

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.

Submission of Bids (other than Bids from Anchor Investors):

 

Bid/Offer Period (except the Bid/Offer Closing Date)

Submission and Revision in Bids Only between 10.00 a.m. and 5.00 p.m. (Indian Standard Time (“IST”)
Bid/Offer Closing Date*
Submission and Revision in Bids Only between 10.00 a.m. and 3.00 p.m. IST

 

UPI Mandate end date and time was to 12.00 pm on Tuesday, November 23, 2021.
On the Bid/Offer Closing Date, the Bids were required to be uploaded until:
@ 4.00 p.m. IST in case of Bids by QIBs and Non-Institutional Bidders, and

(ii) until 5.00 p.m. IST or such extended time as permitted by the Stock Exchanges, in case of Bids by Retail
Individual Investors.

On Bid/Offer Closing Date, extension of time could be granted by Stock Exchanges only for uploading Bids
received by Retail Individual Investors after taking into account the total number of Bids received up to closure
of timings for acceptance of Bid cum Application Forms as stated herein and as reported by the BRLMs to the
Stock Exchanges.

The Registrar to the Offer shall submit the details of cancelled/ withdrawn/ deleted applications to the SCSBs on
a daily basis within 60 minutes of the bid closure time from the Bid/ Offer Opening Date till the Bid/Offer Closing
Date by obtaining such information from the Stock Exchanges. The SCSBs shall unblock such applications by the
closing hours of the Working Day.

It is clarified that Bids not uploaded on the electronic bidding system or in respect of which the full Bid
Amount is not blocked by SCSBs, or not blocked under the UPI Mechanism in the relevant ASBA Account,
as the case may be, would be rejected.

Due to limitation of time available for uploading the Bids on the Bid/Offer Closing Date, Bidders were advised
to submit their Bids one day prior to the Bid/Offer Closing Date. Any time mentioned in this Prospectus is IST.
Bidders were cautioned that, in the event a large number of Bids were received on the Bid/Offer Closing Date,
some Bids would not get uploaded due to lack of sufficient time. Such Bids that could not be uploaded have not
been considered for allocation under the Offer. Bids were accepted on the Stock Exchange platform only during
Working Days, during the Bid/ Offer Period.

In case of discrepancy in data entered in the electronic book vis-vis data contained in the Bid cum Application
Form for a particular Bidder, the details as per the Bid file received from the Stock Exchanges shall be taken as
the final data for the purpose of Allotment.

Minimum Subscription

On the date of closure of the Offer, if our Company does not receive (i) minimum subscription of 90% of the
Fresh Issue and (ii) a subscription in the Offer equivalent to at least the minimum number of securities as specified
under Rule 19(2)(b)(iii) of the SCRR, our Company shall forthwith refund the entire subscription amount received.
If there is a delay beyond the prescribed time, our Company shall be liable to pay interest prescribed under the
Companies Act, 2013, the SEBI ICDR Regulations and other applicable law.

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

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

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