Submission of Bids (other than Bids from Anchor Investors):

 

 

 

 

 

 

Bid/Offer Period (except the Bid/Offer Closing Date)
Submission and Revision in Bids Only between 10.00 a.m. and 5.00 p.m. IST
Bid/Offer Closing Date
Submission and Revision in Bids Only between 10.00 a.m. and 3.00 p.m. IST

 

 

On the Bid/ Offer Closing Date, the Bids were uploaded until:
jw 4.00 p.m. IST in case of Bids by QIBs and Non-Institutional Bidders, and

(ii) until 5.00 p.m. IST or such extended time as permitted by the Stock Exchanges, in case of Bids by RIBs or Eligible
Employees under the Employee Reservation Portion (subject to the Bid Amount being up to %200,000).

On Bid/Offer Closing Date, extension of time would have been granted by Stock Exchanges only for uploading Bids received
by Retail Individual Bidders and Eligible Employees Bidding under the Employee Reservation Portion, after taking into account
the total number of Bids received and as reported by the BRLMs to the Stock Exchanges. It is clarified that Bids not uploaded
on the electronic bidding system or in respect of which the full Bid Amount is not blocked by SCSBs were rejected.

Due to limitation of time available for uploading the Bids on the Bid/Offer Closing Date, Bidders were advised to submit their
Bids one day prior to the Bid/Offer Closing Date. Any time mentioned in this Prospectus is IST. Bidders were cautioned that,
in the event a large number of Bids are received on the Bid/Offer Closing Date, some Bids would not get uploaded due to lack
of sufficient time. Such Bids that could not be uploaded will not be considered for allocation under the Offer. Bids will be
accepted only during Working Days.

None among our Company and the Selling Shareholders or any member of the Syndicate is liable for any failure in (i) uploading
the Bids due to faults in any software/ hardware system or otherwise; and (ii) the blocking of Bid Amount in the ASBA Account
on receipt of instructions from the Sponsor Bank on account of any errors, omissions or non-compliance by various parties
involved in, or any other fault, malfunctioning or breakdown in, or otherwise, in the UPI Mechanism.

Minimum Subscription

If our Company does not receive (i) the minimum subscription of 90% of the Fresh Issue; or (ii) minimum subscription in the
Offer as specified under Rule 19(2)(b) of the SCRR, including through devolvement of Underwriters, if any, in accordance with
applicable laws, or if the subscription level falls below the thresholds mentioned above after the Bid/Offer Closing Date, on
account of withdrawal of applications or after technical rejections, or if the listing or trading permission is not obtained from
the Stock Exchanges for the Equity Shares being issued or offered under this Prospectus, our Company shall forthwith refund
the entire subscription amount received in accordance with applicable law including the SEBI circular bearing no.
SEBI/HO/CFD/DIL1/CIR/P/2021/47 dated March 31, 2021. If there is a delay beyond four days after our Company becomes
liable to pay the amount, our Company and our Directors, who are officers in default, shall pay interest at the rate of 15% per
annum. In the event of an under-subscription in the Offer, Equity Shares offered pursuant to the Fresh Issue shall be allocated
in the Offer prior to the Equity Shares offered pursuant to the Offer for Sale. However, after receipt of minimum subscription
of 90% of the Fresh Issue, the Offered Shares shall be allocated proportionately prior to the Equity Shares offered pursuant to
the Fresh Issue.

Each Selling Shareholder shall reimburse, severally and not jointly, and only to the extent of the Equity Shares offered by such
Selling Shareholders in the Offer, any expenses and interest incurred by our Company on behalf of such Selling Shareholder
for any delays in making refunds as required under the Companies Act and any other applicable law, provided that such Selling
Shareholder shall not be responsible or liable for payment of such expenses or interest, unless such delay is solely and directly
attributable to an act or omission of such Selling Shareholder in relation to its portion of the Offered Shares.

Further, in terms of Regulation 49(1) of the SEBI ICDR Regulations, our Company shall ensure that the number of Bidders to
whom the Equity Shares will be Allotted will be not less than 1,000.

In the event of an undersubscription in the Offer, Equity Shares the Equity Shares will be Allotted in the following order:

i) such number of Equity Shares will first be Allotted by our Company such that 90% of the Fresh Issue portion is
subscribed;

ii) upon (i), all the Equity Shares held by the Selling Shareholders and offered for sale in the Offer for Sale will be Allotted
(in proportion to the Offered Shares being offered by each Selling Shareholder); and

iii) once Equity Shares have been Allotted as per (i) and (ii) above, such number of Equity Shares will be Allotted by our
Company towards the balance 10% of the Fresh Issue portion.

No liability to make any payment of interest or expenses shall accrue to any Selling Shareholder unless the delay in making
any of the payments/refund hereunder or the delay in obtaining listing or trading approvals or any other approvals in relation to
the Offer is caused solely by, and is directly attributable to, an act or omission of such Selling Shareholder and to the extent of
its portion of the Offered Shares.

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