 

Category Colour of Bid cum

Application Form*
Resident Indians, including resident QIBs, Non-Institutional Investors, Retail Individual White
Investors and Eligible NRIs applying on a non-repatriation basis”
Eligible NRIs, FVCls, FPIs and registered bilateral and multilateral institutions applying on a Blue
repatriation basis
Anchor Investors White

 

“Excluding the electronic Bid cum Application Form
“Electronic Bid cum Application Form was made available for download on the website of the BSE (www.bseindia.com) and NSE
(www.nseindia.com)

“Bid cum Application Forms for Anchor Investors were made available at the offices of the BRLMs.

In case of ASBA forms, the relevant Designated Intermediaries were required to upload the relevant bid details in
the electronic bidding system of the Stock Exchanges. For RIIs using the UPI Mechanism, the Stock Exchanges
were required to share the Bid details (including UPI ID) with the Sponsor Bank on a continuous basis to enable
the Sponsor Bank to initiate UPI Mandate Request to RIIs for blocking of funds.

In case of ASBA forms, the relevant Designated Intermediaries were required to capture and upload the relevant
bid details (including UPI ID in case of ASBA Forms under the UPI Mechanism) in the electronic bidding system
of the Stock Exchanges.

For RIIs Bidding using UPI Mechanism, the Stock Exchanges were required to share the Bid details (including
UPI ID) with the Sponsor Bank on a continuous basis through API integration to enable the Sponsor Bank to
initiate UPI Mandate Request to RIIs, for blocking of funds. The Sponsor Bank was required to initiate request
for blocking of funds through NPCI to RIIs, who was required to accept the UPI Mandate Request for blocking
of funds on their respective mobile applications associated with UPI ID linked bank account. The NPCI is required
to maintain an audit trail for every Bid entered in the Stock Exchanges bidding platform, and the liability to
compensate RIBs (Bidding through UPI Mechanism) in case of failed transactions was with the concerned entity
(i.e. the Sponsor Bank, NPCI or the issuer bank) at whose end the lifecycle of the transaction had come to a halt.
The NPCI was required to share the audit trail of all disputed transactions/ investor complaints to the Sponsor
Banks and the issuer bank. The Sponsor Banks and the Bankers to the Issue were required to provide the audit
trail to the BRLMs for analysing the same and fixing liability. For ensuring timely information to investors, SCSBs
were required to send SMS alerts for mandate block and unblock including details specified in SEBI circular no.
SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021 as amended pursuant to SEBI circular no.
SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021. For all pending UPI Mandate Requests, the Sponsor
Bank were required to initiate requests for blocking of funds in the ASBA Accounts of relevant Bidders with a
confirmation cut-off time of 12:00 pm on the first Working Day after the Bid/Issue Closing Date (“Cut-Off
Time”). Accordingly, RIIs Bidding using through the UPI Mechanism could accept UPI Mandate Requests for
blocking off funds prior to the Cut-Off Time and all pending UPI Mandate Requests at the Cut-Off Time shall
lapse.

   

The Sponsor Bank was required to undertake a reconciliation of Bid responses received from Stock Exchanges
and sent to NPCI and was also required to ensure that all the responses received from NPCI were sent to the Stock
Exchanges platform with detailed error code and description, if any. Further, the Sponsor Bank is required to
undertake reconciliation of all Bid requests and responses throughout their lifecycle on daily basis and share
reports with the BRLMs in the format and within the timelines as specified under the UPI Circulars. Sponsor Bank
and issuer banks were required to download UPI settlement files and raw data files from the NPCI portal after
every settlement cycle and do a three way reconciliation with UPI switch data, CBS data and UPI raw data. NPCI
is to coordinate with issuer banks and Sponsor Banks on a continuous basis.

For ASBA Forms (other than RIIs Bidding using UPI Mechanism) Designated Intermediaries (other than SCSBs)
were required to submit/deliver the ASBA Forms to the respective SCSB where the Bidder had an ASBA bank
account and were required to not submit it to any non-SCSB bank or any Escrow Collection Bank.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities
Act or any other applicable law of the United States, and, unless so registered, may not be offered or sold
within the United States, except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, the
Equity Shares are being only offered and sold (i) within the United States only to persons reasonably
believed to be “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act and
referred to in this Prospectus as “U.S. QIBs”) in transactions exempt from, or not subject to, the
registration requirements of the U.S. Securities Act, and (ii) outside the United States in offshore

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