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. (Indian Standard Time
(“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:
@ 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
Retail Individual Bidders.

On the Bid/Offer Closing Date, extension of time could have been granted by Stock Exchanges only for
uploading Bids received from Retail Individual Bidders after taking into account the total number of Bids
received and as reported by the BRLMs to the Stock Exchanges.

The Registrar to the Offer was required to submit the details of cancelled/ withdrawn/ deleted applications to
the SCSBs on a daily basis within 60 minutes of the Bid closure time from the Bid/ Offer Opening Date till the
Bid/ Offer Closing Date by obtaining the same from the Stock Exchanges. The SCSBs were required to
unblock such applications by the closing hours of the Working Day and submit the confirmation to the BRLMs
and the RTA on a daily basis.

It is clarified that Bids not uploaded on the electronic bidding system or in respect of which the full Bid
Amount was not blocked by SCSBs or not blocked under the UPI Mechanism in the relevant ASBA
Account, as the case may be, would be 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, as
is typically experienced in public offerings, some Bids may not get uploaded due to lack of sufficient time. Such
Bids that could not be uploaded were not be considered for allocation under the Offer. Bids were accepted only
during Monday to Friday (excluding any public holiday).

Bidders were requested to note that as per letter no. List/SMD/SM/2006 dated July 3, 2006 and letter no.
NSE/IPO/25101-6 dated July 6, 2006 issued by BSE and NSE, respectively, Bids and any revision in Bids.
would not be accepted on Saturdays and public holidays as declared by the Stock Exchanges. Bids by ASBA
Bidders were required to be uploaded by the relevant Designated Intermediary in the electronic system
provided by the Stock Exchanges.

In case of any discrepancy in the data entered in the electronic book vis-a-vis data contained in the physical Bid
cum Application Form, for a particular Bidder, the details of the Bid file received from the Stock Exchanges
were taken as the final data for the purpose of Allotment.

Minimum Subscription

As this is an offer for sale by the Selling Shareholders, the requirement of minimum subscription of 90% of the
Offer under the SEBI ICDR Regulations is not applicable to this Offer. If our Company did not receive the
minimum subscription in the Offer as specified under the terms of Rule 19(2)(b) of the SCRR, as applicable, on
the date of closure of the Offer or withdrawal of applications; or after technical rejections; or if the listing or
trading permissions are not obtained from the Stock Exchanges for the Equity Shares so offered under the Offer
document, our Company and the Selling Shareholders, to the extent applicable, shall forthwith refund the entire
subscription amount received. If there is a delay beyond four days, our Company and the Selling Shareholders,
to the extent applicable, shall pay interest at the rate of 15% per annum including the SEBI circular bearing no.
SEBI/HO/CFD/DIL1/CIR/P/2021/47 dated March 31, 2021. No liability to make any payment of interest shall
accrue to the Selling Shareholders unless any delay in making any of the payments hereunder or any delay in
obtaining listing or trading approvals or any other approvals in relation to the Offer is solely attributable to the
relevant Selling Shareholder.

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