Book Building Procedure

The Offer was made 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, of which our Company and the Investor Selling Shareholders, in consultation with the BRLMs, allocated
up to 60% of the QIB Category to Anchor Investors on a discretionary basis. One-third of the Anchor Investor
Portion was reserved for allocation to domestic Mutual Funds, subject to valid Bids being received from domestic
Mutual Funds at or above the Anchor Investor Allocation Price. 5% of the QIB Category (excluding the Anchor
Investor Portion), was made available for allocation on a proportionate basis to Mutual Funds only and the
remainder of the QIB Category was made available for allocation on a proportionate basis to all QIB Bidders
including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than
15% of the Offer was made available for allocation on a proportionate basis to Non-Institutional Investors and not
less than 35% of the Offer was made available for allocation to Retail Individual Investors in accordance with the
SEBI ICDR Regulations, subject to valid Bids being received at or above the Offer Price.

Under-subscription, if any, in any category, except in the QIB Category, was allowed to be met with spill-over
from any other category or categories, as applicable, at the discretion of our Company and the Investor Selling
Shareholders, in consultation with the BRLMs and the Designated Stock Exchange, on a proportionate basis,
subject to applicable laws.

The Equity Shares, on Allotment, shall be traded only in the dematerialized segment of the Stock Exchanges.

Investors should note that the Equity Shares will be Allotted to all successful Bidders only in dematerialized
form. The Bid cum Application Forms which did not have the details of the Bidders’ depository account,
including DP ID, Client ID, and PAN and UPI ID (for RIIs Bidding using the UPI Mechanism), were treated
as incomplete and rejected. Bidders were not given the option of being Allotted Equity Shares in physical
form.

Phased implementation of Unified Payments Interface

SEBI has issued the SEBI UPI Circulars in relation to streamlining the process of public issue of inter alia equity
shares. Pursuant to the SEBI UPI Circulars, the UPI Mechanism has been introduced in a phased manner as a
payment mechanism (in addition to mechanism of blocking funds in the account maintained with SCSBs under
ASBA) for applications by RIIs through Designated Intermediaries with the objective to reduce the time duration
from public issue closure to listing from six Working Days up to three Working Days. Considering the time
required for making necessary changes to the systems and to ensure complete and smooth transition to the UPI
payment mechanism, the SEBI UPI Circulars have introduced the UPI Mechanism in three phases in the following
manner:

Phase I: This phase was applicable from January 1, 2019 until March 31, 2019 or floating of five main board
public issues, whichever was later. Subsequently, the timeline for implementation of Phase I was extended till
June 30, 2019. Under this phase, an RII had the option to submit the ASBA Form with any of the Designated
Intermediary and use his/her UPI ID for the purpose of blocking of funds. The time duration from public issue
closure to listing continued to be six Working Days.

Phase II: This phase has become applicable from July 1, 2019 and was to initially continue for a period of three
months or floating of five main board public issues, whichever is later. SEBI, vide its circular no.
SEBI/HO/CFD/DCR2/CIR/P/2019/133 dated November 8, 2019, has decided to extend the timeline for
implementation of UPI Phase II until March 31, 2020. Subsequently, 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 till further notice. Under this phase, submission of the ASBA Form by RIlIs through Designated
Intermediaries (other than SCSBs) to SCSBs for blocking of funds has been discontinued and replaced by the UPI
Mechanism. However, the time duration from public issue closure to listing continues to be six Working Days
during this phase.

Phase III: The commencement period of Phase III is yet to be notified. In this phase, the time duration from
public issue closure to listing is proposed to be reduced to three Working Days.

All SCSBs offering the facility of making application in public issues were required to provide facility to make
application using UPI. Our Company was required to appoint one of the SCSBs as a sponsor bank to act as a

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