OFFER PROCEDURE

All Bidders should read the General Information Document for Investing in Public Issues prepared and issued
in accordance with the circular no. SEBI/HO/CFD/DIL1/CIR/P/2020/37 dated March 17, 2020 and the UPI
Circulars (the “General Information Document”), which highlights the key rules, processes and procedures
applicable to public issues in general in accordance with the provisions of the Companies Act, the SCRA, the
SCRR and the SEBI ICDR Regulations which is part of the abridged prospectus accompanying the Bid cum
Application Form. The General Information Document is also available on the websites of the Stock Exchanges
and the BRLMs. Please refer to the relevant provisions of the General Information Document which are
applicable to the Offer, including in relation to the process for Bids by Retail Individual Bidders through the
UPI Mechanism.

Additionally, all Bidders may refer to the General Information Document for information in relation to (i)
Category of investors eligible to participate in the Offer; (ii) maximum and minimum Bid size; (iii) price
discovery and allocation; (iv) Payment Instructions for ASBA Bidders; (v) Issuance of CAN and allotment in the
Offer; (vi) General instructions (limited to instructions for completing the Bid cum Application Form); (vii)
Submission of Bid cum Application Form; (viii) Other Instructions (limited to joint bids in cases of individual,
multiple bids and instances when an application would be rejected on technical grounds); (ix) applicable
provisions of the Companies Act, 2013 relating to punishment for fictitious applications; (x) mode of making
refunds; (xi) Designated Date; (xii) disposal of applications; and (xiii) interest in case of delay in allotment or
refund.

The SEBI vide its circular no. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018 read with its
circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/50 dated April 3, 2019, has introduced an alternate payment
mechanism using Unified Payments Interface (“UPI”) and consequent reduction in timelines for listing in a
phased manner. From January 1, 2019, the UPI Mechanism for Retail Individual Bidders applying through
Designated Intermediaries was made effective along with the existing process and existing timeline of T+6 days.
(‘UPI Phase I”). The UPI Phase I was effective until June 30, 2019.

With effect from July 1, 2019, SEBI vide its circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated June 28,
2019, read with circular bearing number SEBI/HO/CFD/DIL2/CIR/P/2019/85 dated July 26, 2019 with respect
to Bids by Retail Individual Bidders through Designated Intermediaries (other than SCSBs), the existing process
of physical movement of forms from such Designated Intermediaries to SCSBs for blocking of funds has been
discontinued and only the UPI Mechanism for such Bids with existing timeline of T+6 days was mandated for a
period of three months or launch of five main board public issues, whichever is later (“UPI Phase II”), with
effect from July 1, 2019, by SEBI circular (SEBI/HO/CFD/DIL2/CIR/P/2019/76) dated June 28, 2019, read with
circular (SEBI/HO/CFD/DIL2/CIR/P/2019/85) dated July 26, 2019. Subsequently, however, SEBI vide its
circular no. SEBI/HO/CFD/DIL2/CIR/P/2020/50 dated March 30, 2020 extended the timeline for
implementation of UPI Phase II until further notice. The final reduced timeline of T+3 days will be made
effective using the UPI Mechanism for applications by Retail Individual Bidders (“UPI Phase HI”), as may be
prescribed by the SEBI. The Offer will be undertaken pursuant to the processes and procedures under UPI
Phase II, subject to any circulars, clarification or notification issued by the SEBI from time to time. Further,
SEBI vide its circular no. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021 read with SEBI
circular no. SEBI/HO/CFD/DIL1/CIR/P/2021/47_ dated March 31, 2021 and SEBI circular no.
SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021 has introduced certain additional measures for
streamlining the process of initial public offers and redressing investor grievances. This circular has come into
force for initial public offers opening on or after May 1, 2021 and the provisions of this circular are deemed to
form part of Prospectus.

Bidders were advised to make their independent investigations and ensure that their Bids were submitted in
accordance with applicable laws and do not exceed the investment limits or maximum number of the Equity
Shares that can be held by them under applicable law or as specified in the Red Herring Prospectus and this
Prospectus.

Book Building Procedure
The Offer was made in terms of Rule 19(2)(b) of the SCRR, through the Book Building Process in accordance
with Regulation 6(1) of the SEBI ICDR Regulations wherein not more than 50% of the Offer was made

available for allocation on a proportionate basis to QIBs. Our Company and the Promoter Selling Shareholder,
in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis.

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