BASIS FOR OFFER PRICE

The Offer Price has been determined by our Company and the Investor Selling Shareholders, 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 qualitative and quantitative factors as described below. The face value of the Equity
Shares is = 5 and the Offer Price is 297.60 times the face value at the lower end of the Price Band and 298.00
times the face value at the higher end of the Price Band.

Investors should also refer to “Risk Factors”, “Business” and “Financial Statements” on pages 22, 168 and 225,
respectively, to have an informed view before making an investment decision.

Qualitative Factors

Some of the qualitative factors which form the basis for the Offer Price are:

1.

6.

Diversified engineering company with a focus on providing comprehensive solutions and
manufacturing high quality, intricate and critical products, components and parts.

Strong in-house process and product design capabilities with the ability to interchange capacity and
product mix.

Long term and well established relationships with marquee domestic and global OEMs.

Extensive manufacturing footprint, with strategically located manufacturing facilities.

Experienced management team supported by motivated and skilled work force.

Robust financial performance in challenging business environment.

For further information, see “Business - Strengths” on page 171.

Quantitative Factors

Some of the information presented in this chapter is derived from the Restated Financial Information. For further
information, see “Financial Information” on page 225.

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

1.

Basic and Diluted Earnings per Share

 

Fiscal / period ended Basic EPS** (@) Diluted EPS** (@) Weight

March 31, 2020 20.41 20.41 3
March 31, 2019 48.39 48.39 4
March 31, 2018 15.67 15.67 1
Weighted Average 28.95 28.95

December 31, 2020* 25.18 25.18 :

 

* Not annualized
* Adjusted for bonus issue of equity shares and sub-division of equity shares

Note

1.

2.

Earnings per share calculations are done in accordance with Ind AS 33 ‘Earnings per Share’ issued by MCA.
The face value of each equity share is 2 5.

Basic Earnings per share = Net profit attributable to equity shareholders/Weighted average number of shares outstanding
during the period or Fiscal

Diluted Earnings per share = Net profit attributable to equity shareholders/Weighted average number of diluted Equity
Shares outstanding during the period or Fiscal

Weighted average number of Equity Shares is the number of Equity Shares outstanding at the beginning of the Fiscal, adjusted

by the number of Equity Shares issued during the Fiscal multiplied by the time-weighting factor. The time-weighting factor
is the number of days for which the specific shares are outstanding as a proportion of the total number of days during the

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