OFFER STRUCTURE

All references to the Selling Shareholders includes (a) the Investor Selling Shareholder, namely, PI Opportunities Fund — I;
and (b) the Other Selling Shareholders, namely, S. S. Pharma LLC, Natco Pharma Limited, Time Cap Pharma Labs Private
Limited, Shore Pharma LLC, A. Raghava Reddy, K Prakurthi, Navdeep Patyal, Sangeeta Raju, R. Venkat Reddy, TK Kurien,
Nithya Venkataramani, Atul Gupta, Manoj Jaiswal, Rahul Garg, Kollengode Ramanathan Lakshminarayana and Bijou Kurien
(collectively, the “Selling Shareholders”).

Initial public offer of 17,573,342* Equity Shares of face value of 22 each for cash at a price of 2796” per Equity Share (including
a premium of 3794 per Equity Share) aggregating to 213,982.95 million comprising ofa Fresh Issue of 7,544,511 Equity Shares
aggregating up to 26,000 million by our Company and an Offer for Sale of 10,028,831 Equity Shares aggregating to 7,982.95
million , comprising of 7,826,626 Equity Shares aggregating to 26,230 million by PI Opportunities Fund — I, 1,344,221 Equity
Shares aggregating to 1,070.00 million by S. S. Pharma LLC, 402,010 Equity Shares aggregating to 2320.00 million by Shore
Pharma LLC, 125,628 Equity Shares aggregating to 7100.00 million by Natco Pharma Limited, 125,628 Equity Shares
aggregating to 2100.00 million by Time Cap Pharma Labs Private Limited, 89,547 Equity Shares aggregating to 71.28 million
by A. Raghava Reddy, 53,115 Equity Shares aggregating to 742.28 million by K Prakurthi, 27,135 Equity Shares aggregating
to 221.60 million by Navdeep Patyal, 18,467 Equity Shares aggregating to 714.70 million by Sangeeta Raju, 14,974 Equity
Shares aggregating to 211.92 million by R. Venkat Reddy, 276 Equity Shares aggregating to % 0.22 million by TK Kurien, 251
Equity Shares aggregating to 20.20 million by Nithya Venkataramani, 251 Equity Shares aggregating to 20.20 million by Atul
Gupta, 251 Equity Shares aggregating to 20.20 million by Manoj Jaiswal, 251 Equity Shares aggregating to 20.20 million by
Rahul Garg, 100 Equity Shares aggregating to %0.08 million by Kollengode Ramanathan Lakshminarayana and 100 Equity
Shares aggregating to 20.08 million by Bijou Kurien

The Offer shall constitute 14.72% of the post-Offer paid-up Equity Share capital of our Company. The Offer includes a
reservation of up to 69,637* Equity Shares, aggregating up to 250 million, for subscription by Eligible Employees. The
Employee Reservation Portion shall not exceed 0.06% of our post-Offer paid-up equity share capital. The Offer less the
Employee Reservation Portion is the Net Offer. The Offer and Net Offer shall constitute 14.72% and 14.67% of the post-Offer
paid-up equity share capital of our Company, respectively.

*Subject to finalisation of the Basis of Allotment
“A discount of €78 per Equity Share was offered to Eligible Employees Bidding in the Employee Reservation Portion.
The Offer is being made through the Book Building Process.

 

 

Particulars Eligible Employees* QIBs® Non Institutional Bidders | Retail Individual
Bidders
Number of Equity |69,637 Equity Shares |Not more than 8,751,852|Not less than 2,625,556/Not less _than
Shares available for|aggregating up to % 50) Equity Shares Equity Shares available for] 6,126,297 Equity

Allotment/allocation ®) allocation or Net Offer less
allocation to QIB Bidders and

RIBs

million Shares available for
allocation or Net Offer
Jess allocation to QIB
Bidders and Non

Institutional Bidders

 

Percentage of Offer Size
available for
Allotmenvallocation

The Employee Reservation
Portion constitutes 0.06%
of the post-Offer paid-up
Equity Share capital of our
Company

Not more than 50% of the
Net Offer was required t be
made available for
allocation to QIBs.
However, 5% of the QIB
Portion (excluding the
Anchor Investor Portion)
was required to be made
available for allocation
proportionately to Mutual
Funds only. Mutual Funds
participating in the Mutual
Fund Portion were also
eligible for allocation in the
remaining balance QIB
Portion (excluding the
Anchor Investor Portion).
The unsubscribed portion in
the Mutual Fund Portion
was required to be made
available for allocation to
other QIBs

Not less than 15% of the Net
Offer or the Net Offer less
allocation to QIB Bidders and
RIBs shall be available for
allocation

Not less than 35% of
the Net Offer or the

Net Offer less
allocation to QIB
Bidders and Non-
Institutional Bidders

shall be available for
allocation

 

Basis of
Allotment/allocation if
respective category is
oversubscribed”

 

 

ProportionateS, unless the
Employee —_ Reservation
Portion is undersubscribed,
the value of allocation to an
Eligible Employee shall not
exceed %200,000 (net_of

 

follows
Anchor

Proportionate as
(excluding the
Investor Portion):

1. 175,038 Equity Shares
were required to be

 

Proportionate

 

Allotment to each RIB
shall not be less than
the minimum Bid Lot,
subject to availability
of Equity Shares in the
Retail Portion and the

 

 

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