An indicative timetable in respect of the Offer is disclosed below.

 

 

 

 

 

 

Event Indicative Date
Bid/Offer Closing Date Friday, January 21, 2022
Finalization of Basis of Allotment with the Designated Stock ‘On or about Thursday, January 27, 2022
Exchange
Initiation of refunds (if any, for Anchor Investors)/unblocking of (On or about Friday, January 28, 2022
funds from ASBA®
Credit of Equity Shares to dematerialized accounts of Allottees (On or about Monday, January 31, 2022
‘Commencement of trading of the Equity Shares on the Stock On or about Tuesday, February 1, 2022
Exchanges

 

 

 

 

Tn case of any delay in unblocking of amounts in the ASBA Accounts (including amounts blocked through the UPI Mechanism) for (i)
cancelled / withdrawn / deleted ASBA Forms, the Bidder shall be compensated at a uniform rate of @ 100 per day or 15% per annum of the
Bid Amount, whichever is higher from the date on which the request for cancellation/ withdrawal/ deletion is placed in the Stock Exchanges
bidding platform until the date on which the amounts are unblocked;(ii) any blocking of multiple amounts for the same ASBA Form (for
amounts blocked through the UPI Mechanism), the Bidder shall be compensated at a uniform rate ® 100 per day or 15% per annum of the
total cumulative blocked amount except the original application amount, whichever is higher from the date on which such multiple amounts
were blocked till the date of actual unblock; (iii) any blocking of amounts more than the Bid Amount, the Bidder shall be compensated at a
uniform rate of % 100 per day or 15% per annum of the difference in amount, whichever is higher from the date on which such excess
‘amounts were blocked till the date of actual unblock; and (iv) any delay in unblocking of non-allotted/ partially allotted Bids, exceeding four
Working Days from the Bid/Offer Closing Date, the Bidder shall be compensated at a uniform rate of @ 100 per day or 15% per annum of
the Bid Amount, whichever is higher for the entire duration of delay exceeding four Working Days from the Bid/Offer Closing Date by the
SCSB responsible for causing such delay in unblocking. The BRLMs shall, in their sole discretion, identify and fix the liability on such
intermediary or entity responsible for such delay in unblocking. The post-Offer BRLMs shall be liable for compensating the Bidder at a
uniform rate of 2100 per day or 15% per annum of the Bid Amount, whichever is higher from the date of receipt of the investor grievance
until the date on which the blocked amounts are unblocked. The Bidder shall be compensated in the manner specified in the SEBI circular
no. SEBI/HO/CFD/DIL1/CIR/P/2021/47 dated March 31, 2021 and 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, which for the
avoidance of doubt, shall be deemed to be incorporated in the deemed agreement of the Company with the SCSBs, to the extent applicable.

The above timetable, other than the Bid/Offer Closing Date, is indicative and does not constitute any
obligation on our Company, the Selling Shareholders or the BRLMs.

While our Company and the Selling Shareholders shall ensure that all steps for the completion of the
necessary formalities for the listing and commencement of trading of the Equity Shares on the Stock
Exchanges are taken within six Working Days of the Bid/Offer Closing Date or such other period as may
be prescribed by the SEBI, the timetable may be extended due to various factors, such as any delay in
receiving the final listing and trading approval from the Stock Exchanges. The commencement of trading
of the Equity Shares will be entirely at the discretion of the Stock Exchanges and in accordance with the
applicable laws. Each of the Selling Shareholders confirms that they shall extend all reasonable support
and co-operation required by our Company and the BRLMs for the completion of the necessary
formalities for listing and commencement of trading of the Equity Shares at the Stock Exchanges within
six Working Days from the Bid/Offer Closing Date or such other period as may be prescribed by the
SEBI.

The SEBI is in the process of streamlining and reducing the post issue timeline for initial public offerings.
Any circulars or notifications from the SEBI after the date of the Red Herring Prospectus or this
Prospectus may result in changes to the above-mentioned timelines. Further, the offer procedure is
subject to change to any revised circulars issued by the SEBI to this effect.

The BRLMs will be required to submit reports of compliance with listing timelines and activities, identifying
non-adherence to timelines and processes and an analysis of entities responsible for the delay and the reasons
associated with it.

In case of any delay in unblocking of amounts in the ASBA Accounts (including amounts blocked through
the UPI Mechanism) exceeding four Working Days from the Bid/Offer Closing Date, the Bidder shall be
compensated at a uniform rate of 100 per day or 15% per annum for the entire duration of delay
exceeding four Working Days from the Bid/Offer Closing Date by the intermediary responsible for
causing such delay in unblocking. The BRLMs shall, in their sole discretion, identify and fix the liability
on such intermediary or entity responsible for such delay in unblocking.

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