Registrar of Companies, Coimbatore

No.7, AGT Business Park, I Floor, Phase IT
Avinashi Road, Civil Aerodrome Post
Coimbatore 641 014

Tamil Nadu, India

Book Building Process

Book building, in the context of the Offer, refers to the process of collection of Bids from investors on the basis
of the Red Herring Prospectus and the Bid cum Application Forms and the Revision Forms within the Price Band,
which was decided by our Company and the Investor Selling Shareholders, in consultation with the BRLMs and
advertised in all editions of Financial Express (a widely circulated English national daily newspaper), all editions
of Jansatta (a widely circulated Hindi national daily newspaper) and all editions of Makkal Kural (a widely
circulated Tamil regional daily newspaper, Tamil being the regional language in Coimbatore where our Registered
Office is located), at least two Working Days prior to the Bid/Offer Opening Date and was made available to the
Stock Exchanges for the purposes of uploading on their respective websites. The Offer Price was determined by
our Company and the Investor Selling Shareholders, in consultation with the BRLMs after the Bid/Offer Closing
Date. For details, see “Offer Procedure” on page 350.

All Bidders, except Anchor Investors, were mandatorily required to use the ASBA process for participating
in the Offer by providing details of their respective ASBA Account in which the corresponding Bid Amount
was blocked by SCSBs. In addition to this, the Retail Individual Investors were required to participate
through the ASBA process by either (a) providing the details of their respective ASBA Account in which
the corresponding Bid Amount was blocked by SCSBs; or (b) through the UPI Mechanism. Anchor
Investors were not permitted to participate in the Offer through the ASBA process.

In accordance with the SEBI ICDR Regulations, QIBs and Non-Institutional Investors were not allowed to
withdraw or lower the size of their Bids (in terms of the quantity of the Equity Shares or the Bid Amount)
at any stage. Retail Individual Investors (subject to the Bid Amount being up to = 200,000) could revise
their Bids during the Bid/Offer Period and withdraw their Bids on or before the Bid/Offer Closing Date.
Further, Anchor Investors could not withdraw their Bids after the Anchor Investor Bidding Date.
Allocation to the Anchor Investors was made on a discretionary basis.

For further details on the method and procedure for Bidding and book building procedure, see “Offer Structure”
and “Offer Procedure” on pages 347 and 350, respectively.

The Book Building Process under the SEBI ICDR Regulations and the Bidding process are subject to
change from time to time. Investors are advised to make their own judgment about an investment through
this process prior to submitting a Bid.

Investors should note the Offer is also subject to: (i) obtaining final listing and trading approvals of the Stock
Exchanges, which our Company shall apply for after Allotment; and (ii) filing of this Prospectus with the RoC.

Underwriting Agreement

Our Company and the Selling Shareholders have entered into the Underwriting Agreement with the Underwriters
for the Equity Shares proposed to be offered/issued through the Offer. It is proposed that pursuant to the terms of
the Underwriting Agreement, each of the BRLMs will be severally responsible for bringing in the amount
devolved, in the event their respective Syndicate Member do not fulfill their underwriting obligations. Pursuant
to the terms of the Underwriting Agreement, the obligations of the Underwriters will be several and will be subject
to certain conditions to closing, as specified therein.

The Underwriting Agreement is dated March 18, 2021. The Underwriters have indicated their intention to
underwrite the following number of Equity Shares:

 

Name, address, telephone and e-mail of the Underwriters Indicative Number of ‘Amount
Equity Shares to be Underwritten
Underwritten (in & million)
Axis Capital Limited 2,764,081 4,118.48

1st Floor, Axis House
C-2, Wadia International Centre

 

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