fund requirements for a particular purpose may be financed by surplus funds, if any, which are not applied
to the other purposes, set out above.

Offer Related Expenses

The total expenses of the Offer are estimated to be approximately = 467.92 million. The expenses of this Offer
include, among others, listing fees, underwriting fees, selling commission, fees payable to the BRLMs, fees
payable to legal counsels, fees payable to the Registrar to the Offer, the Bankers to the Offer and Sponsor Bank
to the Offer, processing fee to the SCSBs for processing ASBA Forms, brokerage and selling commission payable
to Registered Brokers, Collecting RTAs and CDPs, printing and stationery expenses, advertising and marketing
expenses and all other incidental and miscellaneous expenses for listing the Equity Shares on the Stock Exchanges.
The estimated Offer expenses are as follows:

 

Ss. Activity Estimated Asa%oftotal Asa % of
No amount” estimated offer Offer Size”
(in 2 million) Expenses”
1. Fees payable to the BRLMs (including underwriting 244.47 52.25% 2.97%

commission, brokerage and selling commission payable to
members of the syndicate)

2. Selling commission and processing fees for SCSBs and 65.85 14.07% 0.80%
bidding/ uploading charges for Members of the
Syndicate, Registered Brokers, RTAs and CDPs

3. Fees payable to the Registrar to the Offer 2.16 0.46% 0.03%
4, Other expenses:
(i) Listing fees, SEBI filing fees, book building software 44.92 9.60% 0.55%
fees and other regulatory expenses
(i) Printing and stationery expenses, advertising and 52.54 11.23% 0.64%

marketing expenses for the Offer and fees payable to the
legal counsels

(iii) Other advisors to the Offer 19.84 4.24% 0.24%
(iv) Miscellaneous 38.12 8.15% 0.46%
Total Estimated Offer Expenses 467.92 100.00% 5.68%

 

* Inclusive of all applicable taxes.

(J) Selling commission payable to the SCSBs on the portion for Retail Individual Investors and portion for Non-Institutional Investors, which
are directly procured and uploaded by them would be as follows:

 

Portion for Retail Individual Investors” 0.35% of the Amount Allotted (plus applicable taxes)
Portion for Non-Institutional Investors” 0.20% of the Amount Allotted (plus applicable taxes)
* Amount Allotted is the product of the number of Equity Shares Allotted and the Offer Price

 

 

 

 

 

Note: No additional processing/uploading charges shall be payable by our Company to the SCSBs on the applications directly procured by
them. The Selling Commission payable to the SCSBs will be determined on the basis of the bidding terminal id as captured in the bid book of
BSE or NSE.

(2) Processing fees payable to the SCSBs on the portion for Retail Individual Investors and portion for Non-Institutional Investors, which are
procured by the Syndicate/Sub-Syndicate/Registered Brokers/RTAs/CDPs and submitted to SCSBs for blocking would be as follows:

 

 

Portion for Retail Individual Investors <. pe valid Bid cum Application Forms* (plus applicable
Portion for Non-instinlonal Tavestors @ 10 per valid Bid cum Application Forms* (plus applicable

 

 

 

 

“Based on valid Bid cum Application Forms

(3) Brokerages, selling commission and processing / uploading charges on the portion for Retail Individual Investors (using the UPI
merchanism) and the portion for Non-Institutional Investors which are procured by members of the Syndicate (including its sub-syndicate
members), RTAs and CDPs or for using 3-in-1 type accounts- linked online trading, demat & bank account provided by some of the brokers
which are members of the Syndicate (including their sub-syndicate members) would be as follows:

 

Portion for Retail Individual Investors* 0.35% of the Amount Allotted (plus applicable taxes)
Portion for Non-Institutional Investors* 0.20% of the Amount Allotted (plus applicable taxes)
* Amount allotted is the product of the number of Equity Shares Allotted and the Offer Price.

 

 

 

 

 

Note: The selling commission payable to the Syndicate /sub-syndicate members will be determined on the basis of the application form number
/ series, provided that the application is also bid by the respective Syndicate / sub-syndicate member. For clarification, if a Syndicate ASBA
application on the application form number / series of a Syndicate / sub-syndicate member, is bid by an SCSB, the selling commission will be
payable to the SCSB and not the Syndicate / sub-syndicate member. The payment of selling commission payable to the sub-brokers / agents of
sub-syndicate members are to be handled directly by the respective sub-syndicate member. The selling commission payable to the RTAs and
CDP will be determined on the basis of the bidding terminal id as captured in the bid book of BSE or NSE.

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