apollo micro systems limited micro - general information... · 2018-01-08 · general information...

1General Information Document for Investing in Public Issues

APOLLO MICRO SYSTEMS LIMITEDOur Company was incorporated as “Apollo Micro Systems Private Limited” on March 3, 1997 in Hyderabad as a private limitedcompany, under the Companies Act, 1956 and was granted a certificate of incorporation issued by the Registrar of Companies,Andhra Pradesh at Hyderabad. Our Company became a public limited company with effect from April 1, 2017 and a fresh certificateof incorporation consequent upon conversion was issued by Registrar of Companies, Andhra Pradesh and Telangana at Hyderabad.For details in connection with the change in the registered office of our Company, refer to the chapter “History and Certain CorporateMatters” on page 140 of the Red Herring Prospectus.

Registered Office: Plot No 128/A, Road No. 12, BEL Road, IDA Mallapur,Uppal Mandal, Hyderabad– 500076, Telangana, India

Contact Person: Vitta Chaitanya Siva Shankar, Company Secretary and Compliance Officer;Telephone: +91 40 27167000 – 99; Facsimile: +91 40 2715 0820;E-mail: [email protected]; Website:www.apollo-micro.com;

Corporate Identity Number:U72200TG1997PLC026556

PUBLIC ISSUE OF [•] EQUITY SHARES OF FACE VALUE OF ` ` ` ` `10 EACH (“EQUITY SHARES”) OF APOLLO MICROSYSTEMS LIMITED (OUR “COMPANY” OR “ISSUER”) FOR CASH AT A PRICE OF ` ` ` ` `[•]* PER EQUITY SHAREINCLUDING A SHARE PREMIUM OF ` ` ` ` `[•] PER EQUITY SHARE, AGGREGATING UP TO ` ` ` ` `15,600.00 LACS (THE“ISSUE”). THE ISSUE AND THE NET ISSUE SHALL CONSTITUTE [•]% AND [•]%, RESPECTIVELYOF THE FULLYDILUTED POST-ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.THE FACE VALUE OF THE EQUITYSHARES IS ` ` ` ` `10 EACH. THE ISSUE WILL COMPRISE THE NET ISSUE (DEFINED BELOW) OF UP TO [•] EQUITYSHARES AND THE EMPLOYEE RESERVATION PORTION OF UP TO 20,000 EQUITY SHARES.

THE ISSUE PRICE IS [•] TIMES THE FACE VALUE OF THE EQUITY SHARES. THE PRICE BAND, THE RETAILDISCOUNT, THE EMPLOYEE DISCOUNT, AS APPLICABLE AND THE MINIMUM BID LOT WILL BE DECIDED BYOUR COMPANY IN CONSULTATION WITH THE BOOK RUNNING LEAD MANAGER (“BRLM”) AND WILL BEADVERTISED IN ALL EDITIONS OF THE ENGLISH NATIONAL NEWSPAPER BUSINESS STANDARD, ALL EDITIONSOF THE HINDI NATIONAL NEWSPAPER BUSINESS STANDARD AND THE HYDERABAD EDITION OF THE TELUGUNEWSPAPER, NAVA TELANGANA (TELUGU BEING THE REGIONAL LANGUAGE OF TELANGANA, WHERE OURREGISTERED OFFICE IS LOCATED), EACH WITH WIDE CIRCULATION, AT LEAST FIVE WORKING DAYS PRIORTO THE BID/ISSUE OPENING DATE AND SHALL BE MADE AVAILABLE TO BSE LIMITED (“BSE”) AND NATIONALSTOCK EXCHANGE OF INDIA LIMITED (“NSE”, AND TOGETHER WITH BSE, THE “STOCK EXCHANGES”) FORTHE PURPOSE OF UPLOADING ON THEIR WEBSITES.

*A discount of `[•] on the Issue Price may be offered to Retail Individual Investors (“Retail Discount”) and to Eligible EmployeesBidding in the Employee Reservation Portion (if any) (“Employee Discount”)

OUR PROMOTER: KARUNAKAR REDDY BADDAM

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES

All Bidders should review the General Information Document for Investing in Public Issues prepared and issued inaccordance with the circular (CIR/CFD/DIL/12/2013) dated October 23, 2013 notified by SEBI (the “General InformationDocument”) included below under “Part B – General Information Document”, which highlights the key rules, processesand procedures applicable to public issues in general in accordance with the provisions of the Companies Act, the SCRA,the SCRR and the SEBI ICDR Regulations. The General Information Document has been updated to reflect amendmentsto the SEBI ICDR Regulations including reference to the SEBI FPI Regulations and certain notified provisions of theCompanies Act, 2013, to the extent applicable to a public issue. The General Information Document is also available onthe websites of the Stock Exchanges and the BRLM. Please refer to the relevant provisions of the General InformationDocument, which are applicable to the Issue.

Our Company and the BRLM do not accept any responsibility for the completeness and accuracy of the informationstated in this section and are not liable for any amendment, modification or change in the applicable law which mayoccur after the date of the Red Herring Prospectus. Bidders are advised to make their independent investigations andensure that their Bids are submitted in accordance with applicable laws and do not exceed the investment limits ormaximum number of the Equity Shares that can be held by them under applicable law or as specified in the Red HerringProspectus.


TABLE OF CONTENTS

Section Particulars Page No

SECTION 1 PURPOSE OF THE GENERAL INFORMATION DOCUMENT (GID) 3

SECTION 2 BRIEF INTRODUCTION TO IPOs/FPOs 3

SECTION 3 CATEGORY OF INVESTORS ELIGIBLE TO PARTICIPATE IN AN ISSUE 4

SECTION 4 APPLYING IN THE ISSUE 5

SECTION 5 ISSUE PROCEDURE IN BOOK BUILT ISSUE 15

SECTION 6 ISSUE PROCEDURE IN FIXED PRICE ISSUE 18

SECTION 7 ALLOTMENT PROCEDURE AND BASIS OF ALLOTMENT 18

SECTION 8 INTEREST AND REFUNDS 20

SECTION 9 GLOSSARY AND ABBREVIATIONS 22


SECTION 1: PURPOSE OF THE GENERALINFORMATION DOCUMENT (GID)

This document is applicable to the public issues undertakenthrough the Book-Building Process as well as to the FixedPrice Offers. The purpose of the “General InformationDocument for Investing in Public Issues” is to providegeneral guidance to potential Bidders/Applicants in IPOsand FPOs, on the processes and procedures governing IPOsand FPOs, undertaken in accordance with the provisions ofthe Securities and Exchange Board of India (Issue of Capitaland Disclosure Requirements) Regulations, 2009 (“SEBIICDR Regulations”) Bidders/Applicants should note thatinvestment in equity and equity related securities involvesrisk and Bidder/Applicant should not invest any funds inthe Issue unless they can afford to take the risk of losingtheir investment. The specific terms relating to securitiesand/or for subscribing to securities in an Issue and therelevant information about the Issuer undertaking the Issuewill be set out in the Red Herring Prospectus (“RHP”)/Prospectus that will be filed by the Issuer with the Registrarof Companies (“RoC”).

Bidders/Applicants should carefully read the entire RHP/Prospectus and the Bid cum Application Form/ ApplicationForm and the Abridged Prospectus of the Issuer in whichthey are proposing to invest through the Issue. In case ofany difference in interpretation or conflict and/or overlapbetween the disclosure included in this document and theRHP/Prospectus, the disclosures in the RHP/Prospectusshall prevail. The RHP/Prospectus of the Issuer is availableon the websites of stock exchanges, on the website(s) ofthe BRLM(s) to the Issue and on the website of Securitiesand Exchange Board of India (“SEBI”) at www.sebi.gov.in.

For the definitions of capitalized terms and abbreviationsused herein Bidders/Applicants may see “Glossary andAbbreviations.”

SECTION 2: BRIEF INTRODUCTION TO IPOs/FPOs

2.1. Initial public offer (IPO)

An IPO means an offer of specified securities by anunlisted Issuer to the public for subscription and mayinclude an Offer for Sale of specified securities to thepublic by any existing holder of such securities in anunlisted Issuer.

For undertaking an IPO, an Issuer is inter-alia requiredto comply with the eligibility requirements of eitherRegulation 26(1) or Regulation 26(2) of the SEBIICDR Regulations. For details of compliance with theeligibility requirements by the Issuer, Bidders/Applicants may refer to the RHP/Prospectus.

2.2. Further public offer (FPO)

An FPO means an offer of specified securities by alisted Issuer to the public for subscription and mayinclude Offer for Sale of specified securities to thepublic by any existing holder of such securities in alisted Issuer.

For undertaking an FPO, the Issuer is inter-alia requiredto comply with the eligibility requirements in terms ofRegulation 26/ Regulation 27 of the SEBI ICDRRegulations. For details of compliance with theeligibility requirements by the Issuer, Bidders/Applicants may refer to the RHP/Prospectus.

2.3. Other Eligibility Requirements

In addition to the eligibility requirements specified inparagraphs 2.1 and 2.2, an Issuer proposing toundertake an IPO or an FPO is required to complywith various other requirements as specified in theSEBI ICDR Regulations, the Companies Act, 2013,the Companies Act, 1956 (to the extent applicable),the Securities Contracts (Regulation) Rules, 1957 (the“SCRR”), industry-specific regulations, if any, andother applicable laws for the time being in force.

For details in relation to the above Bidders/ Applicantsmay refer to the RHP/Prospectus.

2.4. Types of Public Issues – Fixed Price Issues andBook Built Issues

In accordance with the provisions of the SEBI ICDRRegulations, 2009, an Issuer can either determine theIssue Price through the Book Building Process (“BookBuilt Issue”) or undertake a Fixed Price Issue (“FixedPrice Issue”). An Issuer may mention Floor Price orPrice Band in the RHP (in case of a Book Built Issue)and a Price or Price Band in the Draft Prospectus (incase of a fixed price Issue) and determine the price ata later date before registering the Prospectus with theRegistrar of Companies.

The cap on the Price Band should be less than or equalto 120% of the Floor Price. The Issuer shall announcethe Price or the Floor Price or the Price Band throughadvertisement in all newspapers in which the pre-issueadvertisement was given at least five Working Daysbefore the Bid/ Issue Opening Date, in case of an IPOand at least one Working Day before the Bid/IssueOpening Date, in case of an FPO.

The Floor Price or the Issue price cannot be lesser thanthe face value of the securities. Bidders/Applicantsshould refer to the RHP/ Prospectus or Issue


advertisements to check whether the Issue is a BookBuilt Issue or a Fixed Price Issue.

2.5. ISSUE PERIOD

The Issue may be kept open for a minimum of threeWorking Days (for all category of Bidders/ Applicants)and not more than ten Working Days. Bidders/Applicants are advised to refer to the Bid cumApplication Form and Abridged Prospectus or RHP/Prospectus for details of the Bid/ Issue Period. Detailsof Bid/ Issue Period are also available on the websiteof the Stock Exchange(s).

In case of a Book Built Issue, the Issuer may close theBid/ Issue Period for QIBs one Working Day prior tothe Bid/ Issue Closing Date if disclosures to that effectare made in the RHP. In case of revision of the FloorPrice or Price Band in Book Built Issues the Bid/IssuePeriod may be extended by at least three Working Days,subject to the total Bid/ Issue Period not exceeding 10Working Days. For details of any revision of the FloorPrice or Price Band, Bidders/Applicants may checkthe announcements made by the Issuer on the websitesof the Stock Exchanges, and the advertisement in thenewspaper(s) issued in this regard.

2.6. FLOWCHART OF TIMELINES

A flow chart of process flow in Fixed Price and BookBuilt Issues is as follows. Bidders/ Applicants may notethat this is not applicable for Fast Track FPOs

• In case of Issue other than Book Build Issue(Fixed Price Issue) the process at the followingof the below mentioned steps shall be read as

i. Step 7: Determination of Issue Date and Price

ii. Step 10: Applicant submits ASBA Form withany of the Designated Intermediaries

SECTION 3: CATEGORY OF INVESTORSELIGIBLE TO PARTICIPATE IN AN ISSUE

Each Bidder/Applicant should check whether it is eligible toapply under applicable law. Furthermore, certain categories ofBidders/Applicants, such as NRIs, FIIs, FPIs and FVCIs maynot be allowed to Bid/Apply in the Issue or to hold EquityShares, in excess of certain limits specified under applicablelaw. Bidders/ Applicants are requested to refer to the RHP/Prospectus for more details.

Subject to the above, an illustrative list of Bidders/ Applicantsis as follows:

• Indian nationals resident in India whoare competent to contract under the Indian Contract Act,1872, in single or joint names (not more than three);

• Bids/Applications belonging to an account for the benefitof a minor (under guardianship);

• Hindu Undivided Families or HUFs, in the individualname of the Karta. The Bidder/ Applicant should specifythat the Bid is being made in the name of the HUF in theBid cum Application Form/Application Form as follows:“Name of sole or first Bidder/Applicant: XYZ HinduUndivided Family applying through XYZ, where XYZis the name of the Karta”. Bids/Applications by HUFsmay be considered at par with Bids/Applications fromindividuals;

• Companies, corporate bodies and societies registeredunder applicable law in India and authorised to invest inequity shares;

• QIBs;

• NRIs on a repatriation basis or on a non-repatriation basissubject to applicable law;

• Indian Financial Institutions, regional rural banks, co-operative banks (subject to RBI regulations and the SEBIICDR Regulations, 2009 and other laws, as applicable);

• FIIs and sub-accounts registered with SEBI, other than asub-account which is a foreign corporate or foreignindividual, bidding under the QIBs category;

• Sub-accounts of FIIs registered with SEBI, which areforeign corporates or foreign individuals only under theNon Institutional Bidder (“NIBs”) category;

• FPIs other than Category III foreign portfolio investorsBidding under the QIBs category;

• FPIs which are Category III foreign portfolio investors,Bidding under the NIBs category;

• Scientific and/or industrial research organisationsauthorised in India to invest in the Equity Shares;

• Trusts/societies registered under the Societies RegistrationAct, 1860, or under any other law relating to trusts/


societies and who are authorised under their respectiveconstitutions to hold and invest in equity shares;

• Limited liability partnerships registered under theLimited Liability Partnership Act, 2008;

• Any other person eligible to Bid/Apply in the Issue, underthe laws, rules, regulations, guidelines and policiesapplicable to them and under Indian laws; and

• As per the existing regulations, OCBs are not allowedto participate in an Offer.

SECTION 4: APPLYING IN THE ISSUE

Book Built Issue: Bidders should only use the specified ASBAForm (or in case of Anchor Investors, the Anchor InvestorApplication Form) bearing the stamp of a DesignatedIntermediary, as available or downloaded from the websitesof the Stock Exchanges. Bid cum Application Forms areavailable with the book running lead managers, the DesignatedIntermediaries at the Bidding Centres and at the registered officeof the Issuer. Electronic Bid cum Application Forms will beavailable on the websites of the Stock Exchanges at least oneday prior to the Bid/ Issue Opening Date. For further details,regarding availability of Bid cum Application Forms, Biddersmay refer to the RHP/Prospectus.

Fixed Price Issue: Applicants should only use the specifiedBid cum Application Form bearing the stamp of the relevantDesignated Intermediaries, as available or downloaded fromthe websites of the Stock Exchanges. Application Forms areavailable with the Designated Branches of the SCSBs and atthe Registered and Corporate Office of the Issuer. For furtherdetails, regarding availability of Application Forms, Applicantsmay refer to the Prospectus.

Bidders/Applicants should ensure that they apply in theappropriate category. The prescribed colour of the Bid cumApplication Form for various categories of Bidders/Applicantsis as follows:

Category Colour of the Bid cum

Application Form

Resident Indian, Eligible NRIs applying Whiteon a non repatriation basis

NRIs, FVCIs, FIIs, their sub-accountsother than sub-accounts whichare foreign corporate(s) or foreign Blueindividuals bidding under the QIB),FPIs, on a repatriation basis

Anchor Investors (where applicable) As specified& Bidders Bidding/applying in the by the Issuerreserved category

Eligible Employees Bidding in the PinkEmployee Reservation Portion

Securities issued in an IPO can only be in dematerializedform in compliance with Section 29 of the Companies Act,2013. Bidders/ Applicants will not have the option of gettingthe Allotment of specified securities in physical form.However, they may get the specified securitiesrematerialized subsequent to Allotment.

4.1 INSTRUCTIONS FOR FILLING THE BID CUMAPPLICATION FORM/APPLICATION FORM

Bidders/Applicants may note that forms not filledcompletely or correctly as per instructions providedin this GID, the RHP and the Bid cum ApplicationForm/Application Form are liable to be rejected.

Instructions to fill each field of the Bid cum ApplicationForm can be found on the reverse side of the Bid cumApplication Form. Specific instructions for fillingvarious fields of the Resident Bid cum ApplicationForm and Non- Resident Bid cum Application Formand samples are provided below.

The samples of the Bid cum Application Form forresident Bidders and the Bid cum Application Formfor non-resident Bidders are reproduced below:


4.1.1. FIELD NUMBER 1: NAME AND CONTACTDETAILS OF THE SOLE/FIRST BIDDER/APPLICANT

(a) Bidders/Applicants should ensure that the nameprovided in this field is exactly the same as the namein which the Depository Account is held.

(b) Mandatory Fields: Bidders/Applicants should notethat the name and address fields are compulsory ande-mail and/or telephone number/mobile number fieldsare optional. Bidders/Applicants should note that thecontact details mentioned in the Bid cum ApplicationForm/Application Form may be used to dispatchcommunications in case the communication sent to theaddress available with the Depositories are returnedundelivered or are not available. The contact detailsprovided in the Bid cum Application Form may be usedby the Issuer, the Designated Intermediaries and theRegistrar to the Issue only for correspondence(s)related to an Issue and for no other purposes.

(c) Joint Bids/Applications: In the case of Joint Bids/Applications, the Bids/Applications should be madein the name of the Bidder/Applicant whose nameappears first in the Depository account. The name soentered should be the same as it appears in the

Depository records. The signature of only such firstBidder/Applicant would be required in the Bid cumApplication Form/Application Form and such firstBidder/Applicant would be deemed to have signed onbehalf of the joint holders.

(d) Impersonation: Attention of the Bidders/ Applicantsis specifically drawn to the provisions of sub-section(1) of Section 38 of the Companies Act, 2013 which isreproduced below:

“Any person who:

i. makes or abets making of an application in afictitious name to a company for acquiring, orsubscribing for, its securities; or

ii. makes or abets making of multiple applicationsto a company in different names or in differentcombinations of his name or surname foracquiring or subscribing for its securities; or

iii. otherwise induces directly or indirectly acompany to allot, or register any transfer of,securities to him, or to any other person in afictitious name, shall be liable for action underSection 447.”

The liability prescribed under Section 447 of theCompanies Act, 2013 includes imprisonment for a termwhich shall not be less than six months extending upto 10 years (provided that where the fraud involvespublic interest, such term shall not be less than threeyears) and fine of an amount not less than the amountinvolved in the fraud, extending up to three times ofsuch amount.

(e) Nomination Facility to Bidder/Applicant:

Nomination facility is available in accordance with theprovisions of Section 72 of the Companies Act, 2013.In case of Allotment of the Equity Shares indematerialized form, there is no need to make aseparate nomination as the nomination registered withthe Depository may prevail. For changing nominations,the Bidders/Applicants should inform their respectiveDP.

4.1.2. FIELD NUMBER 2: PAN OF SOLE/FIRSTBIDDER/APPLICANT

a) PAN (of the sole/first Bidder/Applicant) provided inthe Bid cum Application Form/Application Formshould be exactly the same as the PAN of the personin whose sole or first name the relevant beneficiaryaccount is held as per the Depositories’ records.


b) PAN is the sole identification number for participantstransacting in the securities market irrespective of theamount of transaction except for Bids/Applications onbehalf of the Central or State Government, Bids/Applications by officials appointed by the courts andBids/Applications by Bidders/Applicants residing inSikkim (“PAN Exempted Bidders/Applicants”).Consequently, all Bidders/Applicants, other than thePAN Exempted Bidders/Applicants, are required todisclose their PAN in the Bid cum Application Form/Application Form, irrespective of the Bid/ ApplicationAmount. Bids/Applications by the Bidders/Applicantswhose PAN is not available as per the DemographicDetails available in their Depository records, are liableto be rejected.

c) The exemption for the PAN Exempted Bidders/Applicants is subject to (a) the Demographic Detailsreceived from the respective Depositories confirmingthe exemption granted to the beneficiary owner by asuitable description in the PAN field and the beneficiaryaccount remaining in “active status”; and (b) in thecase of residents of Sikkim, the address as per theDemographic Details evidencing the same.

d) Bid cum Application Forms which provide the GIRNumber instead of PAN may be rejected.

e). Bids/Applications by Bidders/Applicants whose demataccounts have been ‘suspended for credit’ are liable tobe rejected pursuant to the circular issued by SEBI onJuly 29, 2010, bearing number CIR/ MRD/DP/22/2010. Such accounts are classified as “Inactive demataccounts” and Demographic Details are not providedby depositories.

4.1.3. FIELD NUMBER 3: BIDDERS/APPLICANTSDEPOSITORY ACCOUNT DETAILS

(a) Bidders/Applicants should ensure that DP ID and theClient ID are correctly filled in the Bid cum ApplicationForm/Application Form. The DP ID and Client IDprovided in the Bid cum Application Form/ApplicationForm should match with the DP ID and Client IDavailable in the Depository database, otherwise, theBid cum Application Form is liable to be rejected.

(b) Bidders/Applicants should ensure that the beneficiaryaccount provided in the Bid cum Application Form/Application Form is active.

(c) Bidders/Applicants should note that on the basis ofthe DP ID and Client ID as provided in the Bid cumApplication Form/Application Form, the Bidder/Applicant may be deemed to have authorized the

Depositories to provide to the Registrar to the Issue,any requested Demographic Details of the Bidder/Applicant as available on the records of thedepositories. These Demographic Details may be used,among other things, for other correspondence(s) relatedto an Offer.

(d) Bidders/Applicants are, advised to update any changesto their Demographic Details as available in the recordsof the Depository Participant to ensure accuracy ofrecords. Any delay resulting from failure to update theDemographic Details would be at the Bidders/Applicants’ sole risk.

4.1.4. FIELD NUMBER 4: BID OPTIONS

(a) Price or Floor Price or Price Band, minimum Bid Lotand Discount (if applicable) may be disclosed in theProspectus/RHP by the Issuer. The Issuer is requiredto announce the Floor Price or Price Band, minimumBid Lot and Discount (if applicable) by way of anadvertisement in at least one English, one Hindi andone regional newspaper, with wide circulation, at leastfive Working Days before Bid/ Issue Opening Date incase of an IPO, and at least one Working Day beforeBid/ Issue Opening Date in case of an FPO.

(b) The Bidders may Bid at or above Floor Price or withinthe Price Band for IPOs/FPOs undertaken through theBook Building Process. In the case of Alternate BookBuilding Process for an FPO, the Bidders may Bid atFloor Price or any price above the Floor Price (forfurther details Bidders may refer to Section 5.6 (e)).

(c) Cut-Off Price: Retail Individual Bidders or Employeesor Retail Individual Shareholders can Bid at the Cut-off Price indicating their agreement to Bid for andpurchase the Equity Shares at the Issue Price asdetermined at the end of the Book Building Process.Bidding at the Cut-off Price is prohibited for QIBs andNIBs and such Bids from QIBs and NIBs may berejected.

(d) Minimum Application Value and Bid Lot: The Issuerin consultation with the BRLM may decide theminimum number of Equity Shares for each Bid toensure that the minimum application value is withinthe range of `10,000 to `15,000. The minimum BidLot is accordingly determined by an Issuer on basis ofsuch minimum application value.

(e) Allotment: The Allotment of specified securities toeach RIB shall not be less than the minimum Bid Lot,subject to availability of shares in the RIB category,and the remaining available shares, if any, shall be


Allotted on a proportionate basis. For details of theBid Lot, Bidders may to the RHP/Prospectus or theadvertisement regarding the Price Band published bythe Issuer.

4.1.4.1 Maximum and Minimum Bid Size

(a) The Bidder may Bid for the desired number of EquityShares at a specific price. Bids by Retail IndividualBidders, Employees and Retail IndividualShareholders must be for such number of shares so asto ensure that the Bid Amount less Discount (asapplicable), payable by the Bidder does not exceed` 200,000. Bids by Employees must be for such numberof equity shares to as to ensure that the Bid Amountless Discount (if applicable), payable by the Bidderdoes not exceed ` 500,000.

(b) In case the Bid Amount exceeds ` 200,000 due torevision of the Bid or any other reason, the Bid maybe considered for allocation under the Non-InstitutionalCategory, with it not being eligible for Discount thensuch Bid may be rejected if it is at the Cut-off Price.

(c) In case of a Bid by an Eligible Employee Bidding underthe Employee Reservation Portion which exceeds` 200,000 but does not exceed ̀ 500,000, may not beconsidered for allocation under the Non-InstitutionalCategory,. However, in case the Bid Amount exceeds` 500,000 due to revision in the Bid or any otherreason, the Bid may be considered for allocation underthe Non-Institutional Category, with it not beingeligible for Discount, then such Bid may be rejected ifit is at the Cut-off Price.

(d) For NRIs, a Bid Amount of up to ` 200,000 may beconsidered under the Retail Category for the purposesof allocation and a Bid Amount exceeding ` 200,000may be considered under the Non- InstitutionalCategory for the purposes of allocation.

(e) Bids by QIBs and NIBs must be for such minimumnumber of shares such that the Bid Amount exceeds` 200,000 and in multiples of such number of EquityShares thereafter, as may be disclosed in the Bid cumApplication Form and the RHP/Prospectus, or asadvertised by the Issuer, as the case may be. NIBs andQIBs are not allowed to Bid at Cut-off Price.

(f) RIBs may revise their Bids or withdraw their bids untilthe Bid/Issue Closing Date. QIBs and NIBs cannotwithdraw or lower their Bids (in terms of quantity ofEquity Share or the Bid Amount ) at any stage afterBidding.

(g) In case the Bid Amount reduces to ` 200,000 or lessdue to a revision of the Price Band, Bids by the NIBswho are eligible for allocation in the Retail Categorywould be considered for allocation under the RetailCategory.

(h) For Anchor Investors, if applicable, the Bid Amountshall be least ` 10 crores. One-third of the AnchorInvestor Portion shall be reserved for domestic MutualFunds, subject to valid Bids being received fromdomestic Mutual Funds at or above the price at whichallocation is being done to other Anchor Investors. Bidsby various schemes of a Mutual Fund shall beaggregated to determine the Bid Amount. A Bid cannotbe submitted for more than 60% of the QIB Categoryunder the Anchor Investor Portion. Anchor Investorscannot withdraw their Bids or lower the size of theirBids (in terms of quantity of Equity Shares or the BidAmount) at any stage after the Anchor Investor Bid/Issue Period and are required to pay the Bid Amountat the time of submission of the Bid. In case the AnchorInvestor Issue Price is lower than the Issue Price, thebalance amount shall be payable as per the pay-in-datementioned in the revised CAN. In case the Issue Priceis lower than the Anchor Investor Issue Price, theamount in excess of the Issue Price paid by the AnchorInvestors shall not be refunded to them.

(i) A Bid cannot be submitted for more than the Issue size.

(j) The maximum Bid by any Bidder including QIB Biddershould not exceed the investment limits prescribed forthem under the applicable laws.

(k) The price and quantity options submitted by the Bidderin the Bid cum Application Form may be treated asoptional bids from the Bidder and may not becumulated. After determination of the Issue Price, thehighest number of Equity Shares Bid for by a Bidderat or above the Issue Price may be considered forAllotment and the rest of the Bid(s), irrespective ofthe Bid Amount may automatically become invalid.This is not applicable in case of FPOs undertakenthrough Alternate Book Building Process (For detailsof Bidders may refer to (Section 5.6 (e)).

4.1.4.2Multiple Bids

(a) Bidder should submit only one Bid cum ApplicationForm. Bidder shall have the option to make a maximumof three Bids at different price levels in the Bid cumApplication Form and such options are not consideredas multiple Bids.


(b) Submission of a second Bid cum Application Form toeither the same or to another Designated Intermediaryand duplicate copies of Bid cum Application Formsbearing the same application number shall be treatedas multiple Bids and are liable to be rejected.

(c) Bidders are requested to note the following proceduresmay be followed by the Registrar to the Issue to detectmultiple Bids:

i. All Bids may be checked for common PAN asper the records of the Depository. For Biddersother than Mutual Funds and FII sub-accounts,Bids bearing the same PAN may be treated asmultiple Bids by a Bidder and may be rejected.

ii. For Bids from Mutual Funds and FII sub-accounts, submitted under the same PAN, as wellas Bids on behalf of the PAN Exempted Bidders,the Bid cum Application Forms may be checkedfor common DP ID and Client ID. Such Bidswhich have the same DP ID and Client ID maybe treated as multiple Bids and are liable to berejected.

(d) The following Bids may not be treated as multipleBids:

i. Bids by Reserved Categories Bidding in theirrespective Reservation Portion as well as bidsmade by them in the Issue portion in publiccategory.

ii. Separate Bids by Mutual Funds in respect of morethan one scheme of the Mutual Fund providedthat the Bids clearly indicate the scheme for whichthe Bid has been made.

iii. Bids by Mutual Funds, and sub-accounts of FIIs(or FIIs and its sub-accounts) submitted with thesame PAN but with different beneficiary accountnumbers, Client IDs and DP IDs.

iv. Bids by Anchor Investors under the AnchorInvestor Portion and the QIB Category.

4.1.5. FIELD NUMBER 5: CATEGORY OFBIDDERS

(a) The categories of Bidders identified as per the SEBIICDR Regulations, 2009 for the purpose of Bidding,allocation and Allotment in the Issue are RIBs, NIBsand QIBs.

(b) Up to 60% of the QIB Category can be allocated bythe Issuer, on a discretionary basis subject to the criteriaof minimum and maximum number of Anchor Investors

based on allocation size, to the Anchor Investors, inaccordance with SEBI ICDR Regulations, 2009, withone-third of the Anchor Investor Portion reserved fordomestic Mutual Funds subject to valid Bids beingreceived at or above the Issue Price. For detailsregarding allocation to Anchor Investors, Bidders mayrefer to the RHP/Prospectus.

(c) An Issuer can make reservation for certain categoriesof Bidders/Applicants as permitted under the SEBIICDR Regulations, 2009. For details of anyreservations made in the Issue, Bidders/Applicants mayrefer to the RHP/ Prospectus.

(d) The SEBI ICDR Regulations, 2009, specify theallocation or Allotment that may be made to variouscategories of Bidders in an Issue depending uponcompliance with the eligibility conditions. Detailspertaining to allocation are disclosed on reverse sideof the Revision Form.

For Issue specific details in relation to allocationBidder/Applicant may refer to the RHP/ Prospectus.

4.1.6. FIELD NUMBER 6: INVESTOR STATUS

(a) Each Bidder/Applicant should check whether it iseligible to apply under applicable law and ensure thatany prospective Allotment to it in the Issue is incompliance with the investment restrictions underapplicable law.

(b) Certain categories of Bidders/Applicants, such asNRIs, FPIs and FVCIs may not be allowed to Bid/Apply in the Issue or hold Equity Shares exceedingcertain limits specified under applicable law. Bidders/Applicants are requested to refer to the RHP/Prospectus for more details.

(c) Bidders/Applicants should check whether they areeligible to apply on non-repatriation basis orrepatriation basis and should accordingly provide theinvestor status. Details regarding investor status aredifferent in the Resident Bid cum Application Formand Non-Resident Bid cum Application Form.

(d) Bidders/Applicants should ensure that their investorstatus is updated in the Depository records.

4.1.7. FIELD NUMBER 7: PAYMENT DETAILS

(a) The full Bid Amount (net of any Discount, asapplicable) shall be blocked in the ASBA Accountbased on the authorisation provided in the ASBA Form.If Discount is applicable in the Issue, RIBs shouldindicate the full Bid Amount in the Bid cum ApplicationForm and funds shall be blocked for the Bid Amount


net of Discount. Only in cases where the RHP/Prospectus indicates that part payment may be made,such an option can be exercised by the Bidder. In caseof Bidders specifying more than one Bid Option in theBid cum Application Form, the total Bid Amount maybe calculated for the highest of three options at netprice, i.e. Bid price less Discount offered, if any.

(b) RIBs who Bid at Cut-off Price shall arrange to blockthe Bid Amount based on the Cap Price.

(c) All Bidders (except Anchor Investors) have toparticipate in the Issue only through the ASBAmechanism.

(d) Bid Amount cannot be paid in cash, cheque, demanddrafts, through money order or through postal order.

4.1.7.1 Instructions for Anchor Investors:

(a) Anchor Investors may submit their Bids with a BookRunning Lead Manager.

(b) Payments should be made either by direct credit,RTGS or NEFT.

(c) The Escrow Collection Banks shall maintain themonies in the Escrow Account for and on behalf of theAnchor Investors until the Designated Date.

4.1.7.2 Payment instructions for ASBA Bidders

(a) Bidders may submit the ASBA Form either

i. in electronic mode through the internet bankingfacility offered by an SCSB authorizing blockingof funds that are available in the ASBA accountspecified in the Bid cum Application Form, or

ii. in physical mode to any Designated Intermediary.

(b) Bidders must specify the Bank Account number in theBid cum Application Form. The Bid cum ApplicationForm submitted by Bidder and which is accompaniedby cash, demand draft, cheque, money order, postalorder or any mode of payment other than blockedamounts in the ASBA Account maintained with anSCSB, will not be accepted.

(c) Bidders should ensure that the Bid cum ApplicationForm is also signed by the ASBA Account holder(s) ifthe Bidder is not the ASBA Account holder.

(d) Bidders shall note that for the purpose of blockingfunds under ASBA facility clearly demarcated fundsshall be available in the account.

(e) From one ASBA Account, a maximum of five Bidscum Application Forms can be submitted.

(f) Bidders should submit the Bid cum Application Formonly at the Bidding Centers, i.e. to the respectivemember of the Syndicate at the Specified Locations,the SCSBs, the Registered Broker at the BrokerCentres, the RTA at the Designated RTA Locations orCDP at the Designated CDP Locations.

(g) Bidders bidding through a Designated Intermediary,other than a SCSB, should note that ASBA Formssubmitted to such Designated Intermediary may notbe accepted, if the SCSB where the ASBA Account, asspecified in the Bid cum Application Form, ismaintained has not named at least one branch at thatlocation for such Designated Intermediary, to depositASBA Forms.

(h) Bidders bidding directly through the SCSBs shouldensure that the ASBA Form is submitted to aDesignated Branch of a SCSB where the ASBAAccount is maintained.

(i) Upon receipt of the ASBA Form, the DesignatedBranch of the SCSB may verify if sufficient funds equalto the Bid Amount are available in the ASBA Account,as mentioned in the Bid cum Application Form.

(j) If sufficient funds are available in the ASBA Account,the SCSB may block an amount equivalent to the BidAmount mentioned in the ASBA Form and forapplication directly submitted to SCSB by investor,may enter each Bid option into the electronic biddingsystem as a separate Bid.

(k) If sufficient funds are not available in the ASBAAccount, the Designated Branch of the SCSB may notaccept such Bids and such bids are liable to be rejected.

(l) Upon submission of a completed ASBA Form eachBidder may be deemed to have agreed to block theentire Bid Amount and authorized the DesignatedBranch of the SCSB to block the Bid Amount specifiedin the ASBA Form in the ASBA Account maintainedwith the SCSBs.

(m) The Bid Amount may remain blocked in the aforesaidASBA Account until finalisation of the Basis ofAllotment and consequent transfer of the Bid Amountagainst the Allotted Equity Shares to the Public IssueAccount, or until withdrawal or failure of the Issue, oruntil withdrawal or rejection of the Bid, as the casemay be.

(n) SCSBs bidding in the Issue must apply through anAccount maintained with any other SCSB; else theirBids are liable to be rejected.


4.1.7.2.1 Unblocking of ASBA Account

(a) Once the Basis of Allotment is approved by theDesignated Stock Exchange, the Registrar to the Issuemay provide the following details to the controllingbranches of each SCSB, along with instructions tounblock the relevant bank accounts and for successfulapplications transfer the requisite money to the PublicIssue Account designated for this purpose, within thespecified timelines: (i) the number of Equity Shares tobe Allotted against each Bid, (ii) the amount to betransferred from the relevant bank account to the PublicIssue Account, for each Bid, (iii) the date by whichfunds referred to in (ii) above may be transferred tothe Public Issue Account, and (iv) details of rejectedBids, if any, to enable the SCSBs to unblock therespective bank accounts.

(b) On the basis of instructions from the Registrar to theIssue, the SCSBs may transfer the requisite amountagainst each successful Bidder to the Public IssueAccount and may unblock the excess amount, if any,in the ASBA Account.

(c) In the event of withdrawal or rejection of the ASBAForm and for unsuccessful Bids, the Registrar to theIssue may give instructions to the SCSB to unblockthe Bid Amount in the relevant ASBA Account withinsix Working Days of the Bid/ Issue Closing Date.

4.1.7.3 Discount (if applicable)

(a) The Discount is stated in absolute rupee terms.

(b) Bidders applying under RIB category, Retail IndividualShareholder and employees are only eligible fordiscount. For Discounts offered in the Issue, Biddersmay refer to the RHP/Prospectus.

(c) The Bidders entitled to the applicable Discount in theIssue may block the Bid Amount less Discount.

Bidder may note that in case the net amount blocked(post Discount) is more than two lakh Rupees, theBidding system automatically considers suchapplications for allocation under Non-InstitutionalCategory. These applications are neither eligible forDiscount nor fall under RIB category.

4.1.8 FIELD NUMBER 8: SIGNATURES AND OTHERAUTHORISATIONS

(a) Only the First Bidder/Applicant is required to sign theBid cum Application Form/ Application Form. Bidders/Applicants should ensure that signatures are in one ofthe languages specified in the Eighth Schedule to theConstitution of India.

(b) If the ASBA Account is held by a person or personsother than the Bidder/Applicant, then the Signature ofthe ASBA Account holder(s) is also required.

(c) The signature has to be correctly affixed in theauthorisation/undertaking box in the Bid cumApplication Form/Application Form, or anauthorisation has to be provided to the SCSB via theelectronic mode, for blocking funds in the ASBAAccount equivalent to the Bid Amount mentioned inthe Bid cum Application Form/ Application Form.

(d) Bidders/Applicants must note that Bid cum ApplicationForm/Application Form without signature of Bidder/Applicant and/or ASBA Account holder is liable to berejected.

4.1.9 ACKNOWLEDGEMENT AND FUTURECOMMUNICATION

(a) Bidders should ensure that they receive theAcknowledgment Slip duly signed and stamped by theDesignated Intermediary, as applicable, for submissionof the ASBA Form.

(b) All communications in connection with Bids made inthe Issue may be addressed to the Registrar to the Issuewith a copy to the relevant Designated Intermediaryto whom the Bid cum Application Form was submitted.The Bidder should give full details such as name ofthe sole or first Bidder/ Applicant, Bid cum ApplicationForm number, Bidders’/Applicants’ DP ID, Client ID,PAN, date of the submission of Bid cum ApplicationForm, address of the Bidder, number of the EquityShares applied for and the name and address of theDesignated Intermediary where the Bid cumApplication Form was submitted by the Bidder.

Further, the investor shall also enclose a copy of theAcknowledgment Slip duly received from theDesignated Intermediaries in addition to theinformation mentioned hereinabove.

For further details, Bidder/Applicant may refer to theRHP/Prospectus and the Bid cum Application Form.

4.2 INSTRUCTIONS FOR FILING THE REVISIONFORM

(a) During the Bid/ Issue Period, any Bidder/Applicant(other than QIBs and NIBs, who can only revise theirbid upwards) who has registered his or her interest inthe Equity Shares at a particular price level is free torevise his or her Bid within the Price Band using theRevision Form, which is a part of the Bid cumApplication Form.


(b) RIB may revise their bids or withdraw their Bids tillthe Bid/ Issue Closing Date.

(c) Revisions can be made in both the desired number ofEquity Shares and the Bid Amount by using theRevision Form.

(d) The Bidder/Applicant can make this revision anynumber of times during the Bid/ Issue Period.

However, for any revision(s) in the Bid, the Bidders/Applicants will have to use the services of the sameDesignated Intermediary through which such Bidder/Applicant had placed the original Bid. Bidders/Applicants are advised to retain copies of the blankRevision Form and the Bid(s) must be made only insuch Revision Form or copies thereof.

A sample revision form is reproduced below:

BIDDER/ APPLICANT

Bidders/Applicants should refer to instructions containedin paragraphs 4.1.1, 4.1.2 and 4.1.3.

4.2.2 FIELD 4 & 5: BID OPTIONS REVISION ‘FROM’AND ‘TO’

(i) Apart from mentioning the revised options in theRevision Form, the Bidder/Applicant must alsomention the details of all the bid options given in hisor her Bid cum Application Form or earlier RevisionForm. For example, if a Bidder/ Applicant has Bid forthree options in the Bid cum Application Form andsuch Bidder/Applicant is changing only one of theoptions in the Revision Form, the Bidder/Applicantmust still fill the details of the other two options thatare not being revised, in the Revision Form. TheDesignated Intermediaries may not accept incompleteor inaccurate Revision Forms.

(ii) In case of revision, Bid options should be provided byBidders/Applicants in the same order as provided inthe Bid cum Application Form.

(iii) In case of revision of Bids by RIBs, Employees andRetail Individual Shareholders, such Bidders/Applicants should ensure that the Bid Amount,subsequent to revision, does not exceed ̀ 200,000 andEmployees should ensure that the Bid Amount,subsequent to revision, does not exceed `500,000. Incase the Bid Amount exceeds `200,000 (in case ofRIBs) or `500,000 (in case of Employees) due torevision of the Bid or for any other reason, the Bidmay be considered, subject to eligibility, for allocationunder the Non-Institutional Category, not being eligiblefor Discount (if applicable) and such Bid may berejected if it is at the Cut-off Price. The Cut-off Priceoption is given only to the RIBs, Employees and RetailIndividual Shareholders indicating their agreement toBid for and purchase the Equity Shares at the IssuePrice as determined at the end of the Book BuildingProcess.

(iv) In case the total amount (i.e., original Bid Amount plusadditional payment) exceeds `200,000, the Bid willbe considered for allocation under the Non-InstitutionalCategory in terms of the RHP/ Prospectus, providedthat in case of an Bid by an Employee Bidding in theEmployee Reservation Portion, a Bid exceeding`500,000 will be considered for allocation under theNon-institutional category in terms of the Red HerringProspectus/Prospectus. . If, however, the RIB does noteither revise the Bid or make additional payment andthe Issue Price is higher than the cap of the Price Band

Instructions to fill each field of the Revision Form can befound on the reverse side of the Revision Form. Other thaninstructions already highlighted at paragraph 4.1 above,point wise instructions regarding filling up various fieldsof the Revision Form are provided below:

4.2.1 FIELDS 1, 2 AND 3: NAME AND CONTACTDETAILS OF SOLE/FIRST BIDDER/ APPLICANTS,PAN OF SOLE/FIRST BIDDER/APPLICANT &DEPOSITORY ACCOUNT DETAILS OF THE


prior to revision, the number of Equity Shares Bid,where possible, shall be adjusted downwards for thepurpose of allocation, such that no additional paymentwould be required from the RIB and the RIB is deemedto have approved such revised Bid at Cutoff Price.

(v) In case of a downward revision in the Price Band, RIBsand Bids by Employees under the Reservation Portion,who have bid at the Cut-off Price could either revisetheir Bid or the excess amount paid at the time ofBidding may be unblocked after the allotment isfinalised.

4.2.3 FIELD 6: PAYMENT DETAILS

(i) All Bidders/Applicants are required to authorise thatthe full Bid Amount (less Discount (if applicable) isblocked. In case of Bidders/ Applicants specifyingmore than one Bid Option in the Bid cum ApplicationForm, the total Bid Amount may be calculated for thehighest of three options at net price, i.e. Bid price lessdiscount offered, if any.

(ii) Bidder/Applicants may issue instructions to block therevised amount based on cap of the revised Price Band(adjusted for the Discount (if applicable) in the ASBAAccount, to the same Designated Intermediary throughwhom such Bidder/Applicant had placed the originalBid to enable the relevant SCSB to block the additionalBid Amount, if any.

(iii) In case the total amount (i.e., original Bid Amount lessdiscount (if applicable) plus additional payment)exceeds `200,000, the Bid may be considered forallocation under the Non-Institutional Category interms of the RHP/ Prospectus, provided that in case ofa Bid by an Employee Bidding in the EmployeeReservation Portion, a Bid exceeding `500,000 willbe considered for allocation under the Non-institutionalCategory in terms of the Red Herring Prospectus/Prospectus. If, however, the Bidder/Applicant does noteither revise the Bid or make additional payment andthe Issue Price is higher than the cap of the Price Bandprior to revision, the number of Equity Shares Bid for,where possible, may be adjusted downwards for thepurpose of Allotment, such that additional amount isrequired blocked and the Bidder/Applicant is deemedto have approved such revised Bid at the Cut-off Price.

(iv) In case of a downward revision in the Price Band, RIBs,Employees and Retail Individual Shareholders, whohave bid at the Cut-off Price, could either revise theirBid or the excess amount blocked at the time of Biddingmay be unblocked after the finalisation of basis ofallotment.

4.2.4 FIELDS 7: SIGNATURES ANDACKNOWLEDGEMENTS

Bidders/Applicants may refer to instructions containedat paragraphs 4.1.8 and 4.1.9 for this purpose.

4.3 INSTRUCTIONS FOR FILING APPLICATIONFORM IN ISSUES MADE OTHER THANTHROUGH THE BOOK BUILDING PROCESS(FIXED PRICE ISSUE)

4.3.1 FIELDS 1, 2, 3 NAME AND CONTACT DETAILSOF SOLE/FIRST BIDDER/ APPLICANT, PAN OFSOLE/FIRST BIDDER/ APPLICANT &DEPOSITORY ACCOUNT DETAILS OF THEBIDDER/APPLICANT

Applicants should refer to instructions contained inparagraphs 4.1.1, 4.1.2 and 4.1.3.

4.3.2 FIELD 4: PRICE, APPLICATION QUANTITY& AMOUNT

(i) The Issuer may mention Issue Price or Price Band inthe draft Prospectus. However a prospectus registeredwith RoC contains one price or coupon rate (asapplicable).

(ii) Minimum Application Value and Bid Lot: The Issuerin consultation with the Lead Manager may decide theminimum number of Equity Shares for each Bid toensure that the minimum application value is withinthe range of `10,000 to `15,000. The minimum Lotsize is accordingly determined by an Issuer on basisof such minimum application value.

(iii) Applications by RIBs, must be for such number ofshares so as to ensure that the application amountpayable does not exceed `200,000.

(iv) Applications by Employees must be for such numberof shares so as to ensure that the application amountpayable does not exceed `500,000 on a net basis.

(v) Applications by other investors must be for suchminimum number of shares such that the applicationamount exceeds `200,000 and in multiples of suchnumber of Equity Shares thereafter, as may bedisclosed in the application form and the Prospectus,or as advertised by the Issuer, as the case may be.

(vi) An application cannot be submitted for more thanthe Issue size.

(vii) The maximum application by any Applicant should notexceed the investment limits prescribed for them underthe applicable laws.


(viii) Multiple Applications: An Applicant should submitonly one Application Form.

Submission of a second Application Form to either thesame or other SCSB and duplicate copies ofApplication Forms bearing the same applicationnumber shall be treated as multiple applications andare liable to be rejected.

(ix) Applicants are requested to note the followingprocedures may be followed by the Registrar to theIssue to detect multiple applications:

i. All applications may be checked for common PAN asper the records of the Depository. For Applicants otherthan Mutual Funds and FII sub-accounts, Applicantionsbearing the same PAN may be treated as multipleapplications by an Applicant and may be rejected.

ii. For applications from Mutual Funds and FII sub-accounts, submitted under the same PAN, as well asApplications on behalf of the PAN ExemptedApplicants, the Application Forms may be checked forcommon DP ID and Client ID. In any such applications,which have the same DP ID and Client ID, these maybe treated as multiple applications and may be rejected.

(x) The following applications may not be treated asmultiple Bids:

i. Applications by Reserved Categories in their respectivereservation portion as well as that made by them in theIssue portion in public category.

ii. Separate applications by Mutual Funds in respect ofmore than one scheme of the Mutual Fund providedthat the Applications clearly indicate the scheme forwhich the Bid has been made.

iii. Applications by Mutual Funds, and sub-accounts ofFIIs (or FIIs and its subaccounts) submitted with thesame PAN but with different beneficiary accountnumbers, Client IDs and DP IDs.

4.3.3 FIELD NUMBER 5: CATEGORY OFAPPLICANTS

(a) The categories of applicants identified as per the SEBIICDR Regulations, 2009 for the purpose of Bidding,allocation and Allotment in the Issue are RIBs, individualapplicants other than RIB’s and other investors(including corporate bodies or institutions, irrespectiveof the number of specified securities applied for).

(b) An Issuer can make reservation for certain categoriesof Applicants permitted under the SEBI ICDRRegulations, 2009. For details of any reservations madein the Issue, applicants may refer to the Prospectus.

(c) The SEBI ICDR Regulations, 2009 specify theallocation or Allotment that may be made to variouscategories of applicants in an Issue depending upon

compliance with the eligibility conditions. Detailspertaining to allocation are disclosed on reverse side ofthe Revision Form. For Issue specific details in relationto allocation applicant may refer to the Prospectus.

4.3.4 FIELD NUMBER 6: INVESTOR STATUS

Applicants should refer to instructions contained inparagraphs 4.1.6.

4.3.5 FIELD 7: PAYMENT DETAILS

(a) All Applicants (other than Anchor Investors) arerequired to make use of ASBA for applying in the Issue

(b) Application Amount cannot be paid in cash, throughmoney order, cheque, demand draft or through postalorder or through stock invest.

4.3.5.1 Payment instructions for ASBA Applicants

Applicants should refer to instructions contained inparagraphs 4.1.7.2.

4.3.5.2 Unblocking of ASBA Account

Applicants should refer to instructions contained inparagraphs 4.1.7.2.1.

4.3.5.3 Discount (if applicable)

Applicants should refer to instructions contained inparagraphs 4.1.7.3.

4.3.6 FIELD NUMBER 8: SIGNATURES AND OTHERAUTHORISATIONS & ACKNOWLEDGEMENTAND FUTURE COMMUNICATION

Applicants should refer to instructions contained inparagraphs 4.1.8 & 4.1.9.

4.4 SUBMISSION OF BID CUM APPLICATIONFORM/APPLICATION FORM/REVISIONFORM

4.4.1 Bidders/Applicants may submit completed Bid cumapplication form/Revision Form in the followingmanner: -

Mode of Submission of Bid cum ApplicationAcquisition Form

Anchor Investors To the Book Running Lead Managers atApplication Form the locations mentioned in the Anchor

Investors Application FormASBA Form a. To members of the Syndicate in the

Specified Locations or RegisteredBrokers at the Broker Centres or theRTA at the Designated RTA Locationor the DP at the Designated DPLocation.

b. To the Designated Branches of theSCSBs.


(a) Bidders/Applicants should submit the Revision Formto the same Designated Intermediary through whichsuch Bidder/Applicant had placed the original Bid.

(b) Upon submission of the Bid cum Application Form,the Bidder/Applicant will be deemed to haveauthorized the Issuer to make the necessary changesin the RHP and the Bid cum Application Form as wouldbe required for filing Prospectus with the RoC and aswould be required by the RoC after such filing, withoutprior or subsequent notice of such changes to therelevant Bidder/ Applicant.

(c) Upon determination of the Issue Price and filing ofthe Prospectus with the RoC, the Bid cum ApplicationForm will be considered as the application form.

SECTION 5: ISSUE PROCEDURE IN BOOKBUILT ISSUE

Book Building, in the context of the Issue, refers to theprocess of collection of Bids within the Price Band or abovethe Floor Price and determining the Issue Price based onthe Bids received as detailed in Schedule XI of SEBI ICDRRegulations, 2009. The Issue Price is finalised after the Bid/Issue Closing Date. Valid Bids received at or above the IssuePrice are considered for allocation in the Issue, subject toapplicable regulations and other terms and conditions.

5.1 SUBMISSION OF BIDS

(a) During the Bid/ Issue Period, Bidders/ Applicants mayapproach any of the Designated Intermediaries toregister their Bids. Anchor Investors who are interestedin subscribing for the Equity Shares should approachthe Book Running Lead Manager, to register their Bid.

(b) In case of Bidders/Applicants (excluding NIBs andQIBs) Bidding at Cut-off Price, the Bidders/ Applicantsmay instruct the SCSBs to block Bid Amount basedon the Cap Price less discount (if applicable).

(c) For details of the timing on acceptance and upload ofBids in the Stock Exchanges Platform Bidders/Applicants are requested to refer to the RHP.

5.2 ELECTRONIC REGISTRATION OF BIDS

(a) The Designated Intermediary may register the Bidsusing the on-line facilities of the Stock Exchanges.The Designated Intermediaries can also set up facilitiesfor off-line electronic registration of Bids, subject tothe condition that they may subsequently upload theoff-line data file into the on-line facilities for BookBuilding on a regular basis before the closure of theissue.

(b) On the Bid/ Issue Closing Date, the DesignatedIntermediaries may upload the Bids till such time asmay be permitted by the Stock Exchanges and asdisclosed in the Red Herring Prospectus.

(c) Only Bids that are uploaded on the Stock ExchangesPlatform are considered for allocation/Allotment. TheDesignated Intermediaries are given till 1 p.m. on thenext Working Day following the Bid/ Issue ClosingDate to modify select fields uploaded in the StockExchange Platform during the Bid/ Issue Period afterwhich the Stock Exchange(s) send the bid informationto the Registrar to the Issue for further processing.

5.3 BUILD UP OF THE BOOK

(a) Bids received from various Bidders/Applicants throughthe Designated Intermediaries may be electronicallyuploaded on the Bidding Platform of the StockExchanges’ on a regular basis. The book gets built upat various price levels. This information may beavailable with the BRLM at the end of the Bid/ IssuePeriod.

(b) Based on the aggregate demand and price for Bidsregistered on the Stock Exchanges Platform, agraphical representation of consolidated demand andprice as available on the websites of the StockExchanges may be made available at the Biddingcentres during the Bid/ Issue Period.

5.4 WITHDRAWAL OF BIDS

(a) RIBs can withdraw their Bids until Bid/ Issue ClosingDate. In case a RIB wishes to withdraw the Bid duringthe Bid/ Issue Period, the same can be done bysubmitting a request for the same to the concernedDesignated Intermediary who shall do the requisite,including unblocking of the funds by the SCSB in theASBA Account.

(b) The Registrar to the Issue shall give instruction to theSCSB for unblocking the ASBA Account upon or afterthe finaliation of basis of allotment. QIBs and NIBscan neither withdraw nor lower the size of their Bidsat any stage.

5.5 REJECTION & RESPONSIBILITY FORUPLOAD OF BIDS

(a) The Designated Intermediaries are individuallyresponsible for the acts, mistakes or errors or omissionin relation to:

i. the Bids accepted by the Designated Intermediary,

ii. the Bids uploaded by the Designated Intermediary,and

iii. the Bid cum application forms accepted but notuploaded by the Designated Intermediary.

(b) The BRLM and their affiliate Syndicate Members, asthe case may be, may reject Bids if all informationrequired is not provided and the Bid cum ApplicationForm is incomplete in any respect.


(c) The SCSBs shall have no right to reject Bids, exceptin case of unavailability of adequate funds in the ASBAaccount or on technical grounds.

(d) In case of QIB Bidders, only the (i) SCSBs (for Bidsother than the Bids by Anchor Investors); and (ii)BRLM and their affiliate Syndicate Members (only inthe Specified Locations) have the right to reject bids.However, such rejection shall be made at the time ofreceiving the Bid and only after assigning a reason forsuch rejection in writing.

(e) All bids by QIBs, NIBs & RIBs Bidders can be rejectedon technical grounds listed herein.

(f) The BRLM and their affiliate Syndicate Members, asthe case may be, may reject Bids if all informationrequired is not provided and the Bid cum ApplicationForm is incomplete in any respect.

(g) The SCSBs shall have no right to reject Bids, exceptin case of unavailability of adequate funds in the ASBAaccount or on technical grounds.

(h) In case of QIB Bidders, only the (i) SCSBs (for Bidsother than the Bids by Anchor Investors); and (ii)BRLM and their affiliate Syndicate Members (only inthe Specified Locations) have the right to reject bids.However, such rejection shall be made at the time ofreceiving the Bid and only after assigning a reason forsuch rejection in writing.

(i) All bids by QIBs, NIBs & RIBs Bidders can be rejectedon technical grounds listed herein.

(j) The BRLM and their affiliate Syndicate Members, asthe case may be, may reject Bids if all informationrequired is not provided and the Bid cum ApplicationForm is incomplete in any respect.

(k) The SCSBs shall have no right to reject Bids, exceptin case of unavailability of adequate funds in the ASBAaccount or on technical grounds.

(l) In case of QIB Bidders, only the (i) SCSBs (for Bidsother than the Bids by Anchor Investors); and (ii)BRLM and their affiliate Syndicate Members (only inthe Specified Locations) have the right to reject bids.However, such rejection shall be made at the time ofreceiving the Bid and only after assigning a reason forsuch rejection in writing.

(m) All bids by QIBs, NIBs & RIBs Bidders can berejected on technical grounds listed herein.

5.5.1 GROUNDS FOR TECHNICAL REJECTIONS

Bid cum Application Forms/Application Forms can berejected on the below mentioned technical groundseither at the time of their submission to any of theDesignated Intermediaries, or at the time of finalisationof the Basis of Allotment. Bidders/Applicants are

advised to note that the Bids/Applications are liableto be rejected, which have been detailed at variousplaced in this GID:-

(a) Bid/Application by persons not competent to contractunder the Indian Contract Act, 1872, as amended,(other than minors having valid Depository Accountas per Demographic Details provided by Depositories);

(b) Bids/Applications by OCBs;

(c) In case of partnership firms, Bid/Application for EquityShares made in the name of the firm. However, alimited liability partnership can apply in its own name;

(d) In case of Bids/Applications under power of attorneyor by limited companies, corporate, trust, etc., relevantdocuments are not being submitted along with the Bidcum application form;

(e) Bids/Applications by persons prohibited from buying,selling or dealing in the shares directly or indirectlyby SEBI or any other regulatory authority;

(f) Bids/Applications by any person outside India if notin compliance with applicable foreign and Indian laws;

(g) PAN not mentioned in the Bid cum Application Form/Application Forms except for Bids/ Applications byor on behalf of the Central or State Government andofficials appointed by the court and by the investorsresiding in the State of Sikkim, provided such claimshave been verified by the Depository Participant;

(h) In case no corresponding record is available with theDepositories that matches the DP ID, the Client IDand the PAN;

(i) Bids/Applications for lower number of Equity Sharesthan the minimum specified for that category ofinvestors;

(j) Bids/Applications at a price less than the Floor Price& Bids/Applications at a price more than the Cap Price;

(k) Bids/Applications at Cut-off Price by NIBs andQIBs;

(l) The amounts mentioned in the Bid cum Application Form/Application Forms do not tally with the amount payablefor the value of the Equity Shares Bid/Applied for;

(m) Bids/Applications for amounts greater than themaximum permissible amounts prescribed by theregulations;

(n) Bids/Applications for shares more than the prescribedlimit by each Stock Exchange for each category.


(o) Submission of more than five ASBA Forms/Application Forms per ASBA Account;

(p) Bids/Applications for number of Equity Shares which arenot in multiples Equity Shares as specified in the RHP;

(q) Multiple Bids/Applications as defined in this GIDand the RHP/Prospectus;

(r) Bids not uploaded in the Stock Exchanges biddingsystem.

(s) Inadequate funds in the bank account to block the Bid/Application Amount specified in the ASBA Form/Application Form at the time of blocking such Bid/Application Amount in the bank account;

(t) Where no confirmation is received from SCSB forblocking of funds;

(u) Bids/Applications by Bidders (other than AnchorInvestors) not submitted through ASBA process;

(v) Bids/Applications submitted to DesignatedIntermediaries at locations other than the BiddingCenters or to the Escrow Collecting Banks (assumingthat such bank is not a SCSB where the ASBA Accountis maintained), to the Issuer or the Registrar to the Issue;

(w) Bids/Applications not uploaded on the terminals ofthe Stock Exchanges;

(x) Bids/Applications by SCSBs wherein a separateaccount in its own name held with any other SCSB isnot mentioned as the ASBA Account in the Bid cumApplication Form/Application Form.

5.6 BASIS OF ALLOCATION

(a) The SEBI ICDR Regulations, 2009 specify theallocation or Allotment that may be made to variouscategories of Bidders/Applicants in an Issue dependingon compliance with the eligibility conditions. Certaindetails pertaining to the percentage of Issue sizeavailable for allocation to each category is disclosedoverleaf of the Bid cum Application Form and in theRHP/Prospectus. For details in relation to allocation,the Bidder/ Applicant may refer to the RHP/Prospectus.

(b) Under-subscription in any category (except QIBPortion) is allowed to be met with spillover from anyother category or combination of categories at thediscretion of the Issuer and in consultation with theBRLM and the Designated Stock Exchange andinaccordance with the SEBI ICDR Regulations, 2009.Unsubscribed portion in QIB Category is not availablefor subscription to other categories.

(c) In case of under subscription in the Issue, spill-over tothe extent of such undersubscription may be permittedfrom the Reserved Portion to the Issue. For allocation

in the event of an under-subscription applicable to theIssuer, Bidders/ Applicants may refer to the RHP.

(d) Illustration of the Book Building and PriceDiscovery Process Bidders should note that thisexample is solely for illustrative purposes and is notspecific to the Issue; it also excludes Bidding by AnchorInvestors.

Bidders can bid at any price within the price band. Forinstance, assume a price band of ̀ 20 to ̀ 24 per share,issue size of 3,000 equity shares and receipt of fivebids from bidders, details of which are shown in thetable below. The illustrative book given below showsthe demand for the equity shares of the issuer companyat various prices and is collated from bids receivedfrom various investors.

Bid Bid Price Cumulative SubscriptionQuantity (`) Quantity

500 24 500 16.70%

1,000 23 1,500 50.00%

1,500 22 3,000 100.00%

2,000 21 5,000 166.70%

2,500 20 7,500 250.00%

The price discovery is a function of demand at variousprices. The highest price at which the issuer is able toissue the desired number of equity shares is the priceat which the book cuts off, i.e., `22.00 in the aboveexample. The issuer, in consultation with the bookrunning lead managers, will finalise the issue price ator below such cut-off price, i.e., at or below `22.00.All bids at or above this issue price and cut-off bidsare valid bids and are considered for allocation in therespective categories.

(e) Alternate Method of Book Building

In case of FPOs, Issuers may opt for an alternatemethod of Book Building in which only the Floor Priceis specified for the purposes of Bidding (“AlternateBook Building Process”).

The Issuer may specify the Floor Price in the RHP oradvertise the Floor Price at least one Working Day priorto the Bid/ Issue Opening Date. QIBs may Bid at aprice higher than the Floor Price and the Allotment tothe QIBs is made on a price priority basis. The Bidderwith the highest Bid Amount is allotted the number ofEquity Shares Bid for and then the second highestBidder is Allotted Equity Shares and this processcontinues until all the Equity Shares have been allotted.


RIBs, NIBs and Employees are Allotted Equity Sharesat the Floor Price and Allotment to these categories ofBidders is made proportionately. If the number ofEquity Shares Bid for at a price is more than availablequantity then the Allotment may be done on aproportionate basis. Further, the Issuer may place acap either in terms of number of specified securitiesor percentage of issued capital of the Issuer that maybe Allotted to a single Bidder, decide whether a Bidderbe allowed to revise the bid upwards or downwards interms of price and/or quantity and also decide whethera Bidder be allowed single or multiple bids.

SECTION 6: ISSUE PROCEDURE IN FIXEDPRICE ISSUE

Applicants may note that there is no Bid cum ApplicationForm in a Fixed Price Offer. As the Issue Price is mentionedin the Fixed Price Issue therefore on filing of the Prospectuswith the RoC, the Application so submitted is consideredas the application form.

Applicants may only use the specified Application Formfor the purpose of making an Application in terms of theProspectus which may be submitted through the DesignatedIntermediary.

Applicants may submit an Application Form either inphysical form to the any of the Designated Intermediariesor in the electronic form to the SCSB or the DesignatedBranches of the SCSBs authorising blocking of funds thatare available in the bank account specified in the ApplicationForm only (“ASBA Account”). The Application Form isalso made available on the websites of the Stock Exchangesat least one day prior to the Bid/ Issue Opening Date.

In a fixed price Offer, allocation in the net offer to the publiccategory is made as follows: minimum fifty per cent to RetailIndividual Bidders; and remaining to (i) individual investorsother than Retail Individual Bidders; and (ii) otherApplicants including corporate bodies or institutions,irrespective of the number of specified securities appliedfor. The unsubscribed portion in either of the categoriesspecified above may be allocated to the Applicants in theother category. For details of instructions in relation to theApplication Form, Bidders/Applicants may refer to therelevant section of the GID.

SECTION 7: ALLOTMENT PROCEDURE ANDBASIS OF ALLOTMENT

The Allotment of Equity Shares to Bidders/Applicants otherthan Retail Individual Bidders and Anchor Investors maybe on proportionate basis. For Basis of Allotment to AnchorInvestors, Bidders/Applicants may refer to RHP/Prospectus.

No Retail Individual Bidder will be allotted less than theminimum Bid Lot subject to availability of shares in RetailIndividual Bidder Category and the remaining available shares,if any will be Allotted on a proportionate basis. The Issuer isrequired to receive a minimum subscription of 90% of the NetIssue (excluding any Offer for Sale of specified securities).However, in case the Issue is in the nature of Offer for Saleonly, then minimum subscription may not be applicable.

7.1 ALLOTMENT TO RIBs

Bids received from the RIBs at or above the Issue Pricemay be grouped together to determine the total demandunder this category. If the aggregate demand in this categoryis less than or equal to the Retail Category at or above theIssue Price, full Allotment may be made to the RIBs to theextent of the valid Bids. If the aggregate demand in thiscategory is greater than the allocation to in the RetailCategory at or above the Issue Price, then the maximumnumber of RIBs who can be Allotted the minimum Bid Lotwill be computed by dividing the total number of EquityShares available for Allotment to RIBs by the minimumBid Lot (“Maximum RIB Allottees”). The Allotment tothe RIBs will then be made in the following manner:

(a) In the event the number of RIBs who have submittedvalid Bids in the Issue is equal to or less than MaximumRIB Allottees, (i) all such RIBs shall be Allotted theminimum Bid Lot; and (ii) the balance available EquityShares, if any, remaining in the Retail Category shallbe Allotted on a proportionate basis to the RIBs whohave received Allotment as per (i) above for the balancedemand of the Equity Shares Bid by them (i.e. whohave Bid for more than the minimum Bid Lot).

(b) In the event the number of RIBs who have submittedvalid Bids in the Issue is more than Maximum RIBAllottees, the RIBs (in that category) who will then beAllotted minimum Bid Lot shall be determined on thebasis of draw of lots.

7.2 ALLOTMENT TO NIBS

Bids received from NIBs at or above the Issue Price maybe grouped together to determine the total demand underthis category. The Allotment to all successful NIBs may bemade at or above the Issue Price. If the aggregate demandin this category is less than or equal to the Non-InstitutionalCategory at or above the Issue Price, full Allotment may bemade to NIBs to the extent of their demand. In case theaggregate demand in this category is greater than the Non-Institutional Category at or above the Issue Price, Allotmentmay be made on a proportionate basis up to a minimum ofthe Non-Institutional Category.

7.3 ALLOTMENT TO QIBs

For the Basis of Allotment to Anchor Investors, Bidders/Applicants may refer to the SEBI ICDR Regulations, 2009


or RHP/Prospectus. Bids received from QIBs Bidding inthe QIB Category (net of Anchor Portion) at or above theIssue Price may be grouped together to determine the totaldemand under this category. The QIB Category may beavailable for Allotment to QIBs who have Bid at a pricethat is equal to or greater than the Issue Price. Allotmentmay be undertaken in the following manner:

(a) In the first instance allocation to Mutual Funds for upto 5% of the QIB Category may be determined asfollows: (i) In the event that Bids by Mutual Fundexceeds 5% of the QIB Category, allocation to MutualFunds may be done on a proportionate basis for up to5% of the QIB Category; (ii) In the event that theaggregate demand from Mutual Funds is less than 5%of the QIB Category then all Mutual Funds may getfull Allotment to the extent of valid Bids received abovethe Issue Price; and Equity Shares remainingunsubscribed, if any and not allocated to Mutual Fundsmay be available for Allotment to all QIBs as set outat paragraph 7.4(b) below;

(b) In the second instance, Allotment to all QIBs may bedetermined as follows: (i) In the event ofoversubscription in the QIB Category, all QIBs whohave submitted Bids above the Issue Price may beAllotted Equity Shares on a proportionate basis for upto 95% of the QIB Category; (ii) Mutual Funds, whohave received allocation as per (a) above, for less thanthe number of Equity Shares Bid for by them, areeligible to receive Equity Shares on a proportionatebasis along with other QIBs; and (iii) Under-subscription below 5% of the QIB Category, if any,from Mutual Funds, may be included for allocation tothe remaining QIBs on a proportionate basis.

7.4 ALLOTMENT TO ANCHOR INVESTOR (IFAPPLICABLE)

(a) Allocation of Equity Shares to Anchor Investors at theAnchor Investor Issue Price will be at the discretionof the issuer in consultation with the BRLM, subjectto compliance with the following requirements:

i. not more than 60% of the QIB Category will beallocated to Anchor Investors;

ii. one-third of the Anchor Investor Portion shall bereserved for domestic Mutual Funds, subject to validBids being received from domestic Mutual Funds ator above the price at which allocation is being done toother Anchor Investors; and

iii. allocation to Anchor Investors shall be on adiscretionary basis and subject to:

• a maximum number of two Anchor Investors forallocation up to `100 million;

• a minimum number of two Anchor Investors and

maximum number of 15 Anchor Investors for allocationof more than `100 million and up to `2,500 millionsubject to minimum Allotment of ̀ 50 million per suchAnchor Investor; and

• a minimum number of five Anchor Investors andmaximum number of 15 Anchor Investors for allocationof more than `2,500 million, and an additional 10Anchor Investors for every additional `2,500 millionor part thereof, subject to minimum Allotment of `50million per such Anchor Investor.

(b) An Anchor Investor shall make an application of avalue of at least `100 million in the Issue.

(c) A physical book is prepared by the Registrar on thebasis of the Anchor Investor Application Formsreceived from Anchor Investors. Based on the physicalbook and at the discretion of the Issuer in consultationwith the BRLM, selected Anchor Investors will be senta CAN and if required, a revised CAN.

(d) In the event that the Issue Price is higher than theAnchor Investor Issue Price: Anchor Investors willbe sent a revised CAN within one day of the PricingDate indicating the number of Equity Shares allocatedto such Anchor Investor and the pay-in date for paymentof the balance amount. Anchor Investors are thenrequired to pay any additional amounts, being thedifference between the Issue Price and the AnchorInvestor Issue Price, as indicated in the revised CANwithin the pay-in date referred to in the revised CAN.Thereafter, the Allotment Advice will be issued to suchAnchor Investors.

(e) In the event the Issue Price is lower than the AnchorInvestor Issue Price: Anchor Investors who have beenAllotted Equity Shares will directly receive AllotmentAdvice.

7.5 BASIS OF ALLOTMENT FOR QIBs (OTHERTHAN ANCHOR INVESTORS), NIBs ANDRESERVED CATEGORY IN CASE OF OVER-SUBSCRIBED ISSUE

In the event of the Issue being over-subscribed, the Issuermay finalise the Basis of Allotment in consultation withthe Designated Stock Exchange in accordance with theSEBI ICDR Regulations, 2009.

The allocation may be made in marketable lots, on aproportionate basis as explained below:

(a) Bidders may be categorized according to the numberof Equity Shares applied for;

(b) The total number of Equity Shares to be Allotted toeach category as a whole may be arrived at on aproportionate basis, which is the total number of EquityShares applied for in that category (number of Bidders


in the category multiplied by the number of EquityShares applied for) multiplied by the inverse of theover-subscription ratio;

(c) The number of Equity Shares to be Allotted to thesuccessful Bidders may be arrived at on a proportionatebasis, which is total number of Equity Shares appliedfor by each Bidder in that category multiplied by theinverse of the over-subscription ratio;

(d) In all Bids where the proportionate Allotment is lessthan the minimum Bid Lot decided per Bidder, theAllotment may be made as follows: the successfulBidders out of the total Bidders for a category may bedetermined by a draw of lots in a manner such that thetotal number of Equity Shares Allotted in that categoryis equal to the number of Equity Shares calculated inaccordance with (b) above; and each successful Biddermay be Allotted a minimum of such Equity Sharesequal to the minimum Bid Lot finalised by the Issuer;

(e) If the proportionate Allotment to a Bidder is a numberthat is more than the minimum Bid lot but is not amultiple of one (which is the marketable lot), thedecimal may be rounded off to the higher whole numberif that decimal is 0.5 or higher. If that number is lowerthan 0.5 it may be rounded off to the lower wholenumber. Allotment to all Bidders in such categoriesmay be arrived at after such rounding off; and

(f) If the Equity Shares allocated on a proportionate basisto any category are more than the Equity Shares Allottedto the Bidders in that category, the remaining EquityShares available for Allotment may be first adjustedagainst any other category, where the Allotted EquityShares are not sufficient for proportionate Allotment tothe successful Bidders in that category. The balanceEquity Shares, if any, remaining after such adjustmentmay be added to the category comprising Biddersapplying for minimum number of Equity Shares.

7.6 DESIGNATED DATE AND ALLOTMENT OFEQUITY SHARES

(a) Designated Date: On the Designated Date, the EscrowCollection Banks shall transfer the funds representedby allocation of Equity Shares to Anchor Investors fromthe Escrow Account, as per the terms of the EscrowAgreement, into the Public Issue Account with theBankers to the Issue. The balance amount after transferto the Public Issue Account shall be transferred to theRefund Account. Payments of refund to the Biddersapplying in the Anchor Investor Portion shall be madefrom the Refund Account as per the terms of the EscrowAgreement and the RHP. On the Designated Date, theRegistrar to the Issue shall instruct the SCSBs totransfer funds represented by allocation of EquityShares from ASBA Accounts into the Public IssueAccount.

(b) Issuance of Allotment Advice: Upon approval of theBasis of Allotment by the Designated Stock Exchange,the Registrar shall upload the same on its website. Onthe basis of the approved Basis of Allotment, the Issuershall pass necessary corporate action to facilitate theAllotment and credit of Equity Shares. Bidders/Applicants are advised to instruct their DepositoryParticipant to accept the Equity Shares that may beallotted to them pursuant to the Issue.

Pursuant to confirmation of such corporate actions, theRegistrar will dispatch Allotment Advice to theBidders/Applicants who have been Allotted EquityShares in the Issue.

(c) The dispatch of Allotment Advice shall be deemed avalid, binding and irrevocable contract.

(d) Issuer will ensure that: (i) the Allotment of EquityShares; and (ii) credit of shares to the successfulBidders/Applicants Depository Account will becompleted within six Working Days of the Bid/ IssueClosing Date.

SECTION 8: INTEREST AND REFUNDS

8.1 COMPLETION OF FORMALITIES FORLISTING & COMMENCEMENT OF TRADING

The Issuer shall ensure that all steps for the completionof the necessary formalities for listing andcommencement of trading at all the Stock Exchangesare taken within six Working Days of the Bid/ IssueClosing Date. The Registrar to the Issue may initiatecorporate action for credit to Equity Shares thebeneficiary account with Depositories within sixWorking Days of the Bid/ Issue Closing Date.

8.2 GROUNDS FOR REFUND

8.2.1 NON RECEIPT OF LISTING PERMISSION

An Issuer makes an application to the StockExchange(s) for permission to deal in/list and for anofficial quotation of the Equity Shares. All the StockExchanges from where such permission is sought aredisclosed in RHP/Prospectus. The Designated StockExchange may be as disclosed in the RHP/Prospectuswith which the Basis of Allotment may be finalised.

If the Issuer fails to make application to the StockExchange(s) or obtain permission for listing of theEquity Shares, in accordance with the provisions ofSection 40 of the Companies Act, 2013, the Issuer shallbe punishable with a fine which shall not be less than`5 lakhs but which may extend to ̀ 50 lakhs and everyofficer of the Issuer who is in default shall bepunishable with imprisonment for a term which mayextend to one year or with fine which shall not be lessthan `50,000 but which may extend to `3 lakhs, orwith both.


If the permissions to deal in and an official quotationof the Equity Shares are not granted by any of the StockExchange(s), the Issuer may forthwith take steps torefund, without interest, all moneys received fromBidders/Applicants.

If such money is not refunded to the Bidders/Applicants within the prescribed time after the Issuerbecomes liable to repay it, then the Issuer and everydirector of the Issuer who is an officer in default may,on and from such expiry of such period, be liable torepay the money, with interest at such rate, as disclosedin the RHP/Prospectus.

8.2.2 NON RECEIPT OF MINIMUM SUBSCRIPTION

If the Issuer does not receive a minimum subscriptionof 90% of the Net Issue (excluding any offer for saleof specified securities), including devolvement to theUnderwriters, the Issuer may forthwith, take steps tounblock the entire subscription amount received withinsix Working Days of the Bid/ Issue Closing Date andrepay, without interest, all moneys received fromAnchor Investors. In case the Issue is in the nature ofOffer for Sale only, then minimum subscription maynot be applicable. In case of undersubscription in theIssue involving a Fresh Issue and an Offer for Sale,the Equity Shares in the Fresh Issue will be issued priorto the sale of Equity Shares in the Offer for Sale.

If there is a delay beyond the prescribed time after theIssuer becomes liable to pay the amount received fromBidders, then the Issuer and every director of the Issuerwho is an officer in default may on and from expiry of15 Working Days, be jointly and severally liable torepay the money, with interest at the rate of 15% perannum in accordance with the Companies (Prospectusand Allotment of Securities) Rules, 2014, as amended.

8.2.3 MINIMUM NUMBER OF ALLOTTEES

The Issuer may ensure that the number of prospectiveAllottees to whom Equity Shares may be Allotted maynot be less than 1,000 failing which the entireapplication monies may be refunded forthwith.

8.2.4 IN CASE OF ISSUES MADE UNDERCOMPULSORY BOOK BUILDING

In case an Issuer not eligible under Regulation 26(1)of the SEBI ICDR Regulations, 2009 comes for anIssue under Regulation 26(2) of SEBI (ICDR)Regulations, 2009 but fails to Allot at least 75% of theNet Issue to QIBs, in such case full subscription moneyis to be refunded.

8.3 MODE OF REFUND

(a) In case of ASBA Bids: Within six Working Days of

the Bid/ Issue Closing Date, the Registrar to the Issuemay give instructions to SCSBs for unblocking theamount in ASBA Accounts for unsuccessful Bids orfor any excess amount blocked on Bidding.

(b) In case of Anchor Investors: Within six Working Daysof the Bid/ Issue Closing Date, the Registrar to theIssue may dispatch the refund orders for all amountspayable to unsuccessful Anchor Investors.

(c) In case of Anchor Investors, the Registrar to the Issuemay obtain from the depositories the Bidders’ bankaccount details, including the MICR code, on the basisof the DP ID, Client ID and PAN provided by theAnchor Investors in their Anchor Investor ApplicationForms for refunds.

Accordingly, Anchor Investors are advised toimmediately update their details as appearing on therecords of their depositories. Failure to do so may resultin delays in dispatch of refund orders or refundsthrough electronic transfer of funds, as applicable, andany such delay may be at the Anchor Investors’ solerisk and neither the Issuer, the Registrar to the Issue,the Escrow Collection Banks, or the Syndicate, maybe liable to compensate the Anchor Investors for anylosses caused to them due to any such delay, or liableto pay any interest for such delay. Please note thatrefunds shall be credited only to the bank account fromwhich the Bid Amount was remitted to the EscrowBank.

8.3.1 Electronic mode of making refunds for AnchorInvestors

The payment of refund, if any, may be done throughvarious electronic modes as mentioned below:

8.3.1.1 NECS—Payment of refund may be done throughNECS for Bidders/Applicants having an account at anyof the centers specified by the RBI. This mode ofpayment of refunds may be subject to availability ofcomplete bank account details including the nine-digitMICR code of the Bidder/ Applicant as obtained fromthe Depository;

8.3.1.2 NEFT—Payment of refund may be undertakenthrough NEFT wherever the branch of the AnchorInvestors’ bank is NEFT enabled and has been assignedthe Indian Financial System Code (“IFSC”), which canbe linked to the MICR of that particular branch. TheIFSC Code may be obtained from the website of RBIas at a date prior to the date of payment of refund,duly mapped with MICR numbers. Wherever theAnchor Investors have registered their nine-digit MICRnumber and their bank account number while openingand operating the demat account, the same may be dulymapped with the IFSC Code of that particular bankbranch and the payment of refund may be made to the


Anchor Investors through this method. In the eventNEFT is not operationally feasible, the payment ofrefunds may be made through any one of the othermodes as discussed in this section;

8.3.1.3 RTGS—Anchor Investors having a bank accountat any of the centers notified by SEBI where clearinghouses are managed by the RBI, may have the optionto receive refunds, if any, through RTGS.

8.3.1.4 Direct Credit—Anchor Investors having their bankaccount with the Refund Banker may be eligible toreceive refunds, if any, through direct credit to suchbank account;

Please note that refunds through the abovementionedmodes shall be credited only to the bank account fromwhich the Bid Amount was remitted to the EscrowBank.

For details of levy of charges, if any, for any of theabove methods, Anchor Investors may refer to RHP/Prospectus.

8.4 INTEREST IN CASE OF DELAY INALLOTMENT OR REFUND

The Issuer may pay interest at the rate of 15% perannum if Allotment is not made and refund instructionshave not been given to the clearing system in thedisclosed manner/instructions for unblocking of fundsin the ASBA Account are not dispatched within the 15days of the Bid/ Issue Closing Date.

The Issuer may pay interest at 15% per annum for anydelay beyond 15 days from the Bid/ Issue Closing Date,if Allotment is not made.

SECTION 9: GLOSSARY AND ABBREVIATIONS

Unless the context otherwise indicates or implies, certain definitions and abbreviations used in this document may havethe meaning as provided below. References to any legislation, act or regulation may be to such legislation, act or regulationas amended from time to time.

Term Description

Allotment/Allot/Allotted The allotment of Equity Shares pursuant to the Issue to successful Bidders/Applicants

Allotment Advice Note or advice or intimation of Allotment sent to the Bidders/Applicants who havebeen Allotted Equity Shares after the Basis of Allotment has been approved by theDesignated Stock Exchange

Allottee An Bidder/Applicant to whom the Equity Shares are Allotted

Anchor InvestorApplication Form The form used by an Anchor Investor to make a Bid in the anchor Investor Portion andwhich will be considered as an application for Allotment in terms of the RedHerring Prospectus and Prospectus

Anchor InvestorPortion Up to 60% of the QIB Category which may be allocated by the Issuer in consultationwith the BRLM, to Anchor Investors on a discretionary basis. One third of the AnchorInvestor Portion is reserved for domestic Mutual Funds, subject to valid Bids beingreceived from domestic Mutual Funds at or above the price at which allocation isbeing done to Anchor Investors.

Application Supported by An application, whether physical or electronic, used by ASBA Bidders/Applicants,Blocked Amount / ASBA to make a Bid and authorising an SCSB to block the Bid Amount in the specified

bank account maintained with such SCSB

Application Supported byBlocked An application form, whether physical or electronic, used by ASBA Bidders/Amount Form /ASBA Form Applicants, which will be considered as the application for Allotment in terms of the

Red Herring Prospectus and the Prospectus

ASBA Account Account maintained with an SCSB which may be blocked by such SCSB to the extentof the Bid Amount of the ASBA Bidder

ASBA Bidder All Bidders/Applicants except Anchor Investors

Banker(s) to the Issue/Escrow The banks which are clearing members and registered with SEBI as Banker to theCollectionBank(s)/CollectingBanker Issue with whom the Escrow Account(s) for Anchor Investors may be opened, and as

disclosed in the RHP/Prospectus and Bid cum Application Form of the Issuer


Basis of Allotment The basis on which the Equity Shares may be Allotted to successful Bidders/Applicantsunder the Issue fixed price process, all references to a Bid should be construed tomean an Application.

Bid An indication to make an offer during the Bid/ Issue Period by a prospective Bidderpursuant to submission of Bid cum Application Form or during the Anchor InvestorBid/ Issue Period by the Anchor Investors, to subscribe for or purchase the EquityShares of the Issuer at a price within the Price Band, including all revisions andmodifications thereto. In case of issues undertaken through the fixed price process,all references to a Bid should be construed to mean an Application

Bid Amount The highest value of the optional Bids indicated in the Bid cum Application Formand payable by the Bidder upon submission of the Bid (except for Anchor Investors),less discounts (if applicable). In case of issues undertaken through the fixed priceprocess, all references to the Bid Amount should be construed to mean the ApplicationAmount

Bid cum Application Form The Anchor Investor Application Form or the ASBA Form, as the context requires

Bid/ Issue ClosingDate Except in the case of Anchor Investors (if applicable), the date after which theDesignated Intermediaries may not accept any Bids for the Issue, which may be notifiedin an English national daily, a Hindi national daily and a regional language newspaperat the place where the registered office of the Issuer is situated, each with widecirculation. Bidders/Applicants may refer to the RHP/Prospectus for the Bid/ IssueClosing Date

Bid/ IssueOpening Date The date on which the Designated Intermediaries may start accepting Bids for theIssue, which may be the date notified in an English national daily, a Hindi nationaldaily and a regional language newspaper at the place where the registered office ofthe Issuer is situated, each with wide circulation. Bidders/Applicants may refer to theRHP/Prospectus for the Bid/ Issue Opening Date

Bid/ Issue Period Except in the case of Anchor Investors (if applicable), the period between the Bid/Issue Opening Date and the Bid/Issue Closing Date inclusive of both days and duringwhich prospective ASBA Bidders/Applicants can submit their Bids, inclusive of anyrevisions thereof. The Issuer may consider closing the Bid/ Issue Period for QIBsone working day prior to the Bid/ Issue Closing Date in accordance with the SEBIICDR Regulations, 2009.Bidders/Applicants may refer to the RHP/Prospectus forthe Bid/Issue Period

Bidder/Applicant Any Prospective investor who makes a Bid/Application pursuant to the terms of theRHP/Prospectus and the Bid cum Application Form. In case of issues undertakenthrough the fixed price process, all references to a Bidder/Applicants should beconstrued to mean an Applicant

Book Built Process/Book Building The book building process as provided under SEBI ICDR Regulations, 2009,Process/BookBuilding Method in terms of which the Issue is being made

Broker Centres Broker Centres notified by the Stock Exchanges, where Bidders /Applicants can submitthe ASBA Forms to a Registered Broker. The details of such broker centres, alongwiththe names and contact details of the Registered Brokers are available on the websiteof the Stock Exchanges.

BRLM(s)/Book RunningLead The Book Running Lead Manager to the Issue as disclosed in the RHP/ProspectusManager(s)/Lead Manager/LM and the Bid cum Application Form of the Issuer. In case of issues undertaken through

the fixed price process, all references to the Book Running Lead Manager should beconstrued to mean the Lead Manager or LM.

Business Day Monday to Saturday (except 2nd and 4th Saturday of a month and public holidays)

CAN/Confirmationof Allocation Note Notice or intimation of allocation of the Equity Shares sent to Anchor Investors,who have been allocated the Equity Shares, after the Anchor Investor Bid/IssuePeriod

Cap Price The higher end of the Price Band, above which the Issue Price and the Anchor InvestorIssue Price may not be finalised and above which no Bids may be accepted


Client ID Client Identification Number maintained with one of the Depositories in relationto demat Account

CollectingDepository A depository participant as defined under the Depositories Act, 1996, registered withParticipant orCDPs SEBI and who is eligible to procure Bids at the Designated CDP Locations in terms of

circular no. CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 issued bySEBI

Cut-off Price Issue Price, finalised by the Issuer in consultation with the Book Running LeadManager(s), which can be any price within the Price Band. Only RIBs, Retail IndividualShareholders and employees are entitled to Bid at the Cut-off Price. No other category ofBidders/Applicants are entitled to Bid at the Cut-off Price

DP Depository Participant

DP ID Depository Participant’s Identification Number

Depositories National Securities Depository Limited and Central Depository Services (India)Limited

DemographicDetails Details of the Bidders/Applicants including the Bidder/Applicant’s address, name ofthe Applicant’s father/husband, investor status, occupation and bank account details

DesignatedBranches Such branches of the SCSBs which may collect the Bid cum Application Forms usedby Bidders/Applicants (excluding Anchor Investors) and a list of which is availableon http://www.sebi.gov.in/cms/sebi_data/attachdocs/1316087201341.html

Designated CDPLocations Such locations of the CDPs where Bidders can submit the ASBA Forms to CollectingDepository Participants.The details of such Designated CDP Locations, along withnames and contact details of the Collecting Depository Participants eligible toaccept ASBA Forms are available on the respective websites of the Stock Exchanges(www.bseindia.comand www.nseindia.com)

Designated Date The date on which funds are transferred by the Escrow Collection Bank(s) from theEscrow Account and the amounts blocked by the SCSBs are transferred from theASBA Accounts, as the case may be, to the Public Issue Account or the RefundAccount, as appropriate, after the Prospectus is filed with the RoC, following whichthe board of directors may Allot Equity Shares to successful Bidders/Applicants inthe Fresh Issue may give delivery instructions for the transfer of the Equity Sharesconstituting the Offer for Sale.

Designated Intermediaries Syndicate, sub-syndicate/agents, SCSBs, Registered Brokers, CDPs and RTAs, whoare authorized to collect ASBA Forms from the ASBA Bidders, in relation to theIssue

Designated RTA Locations Such locations of the RTAs where Bidders can submit the ASBA Forms to RTAs. Thedetails of such Designated RTA Locations, along with names and contact details ofthe RTAs eligible to accept ASBA Forms are available on the respective websites ofthe Stock Exchanges (www.bseindia.com and www.nseindia.com)

Designated Stock Exchange The designated stock exchange as disclosed in the RHP/Prospectus of the Issuer

Discount Discount to the Issue Price that may be provided to Bidders/Applicants in accordancewith the SEBI ICDR Regulations, 2009.

Draft Prospectus The draft prospectus filed with SEBI in case of Fixed Price Issues and which maymention a price or a Price Band

Employees Employees of an Issuer as defined under SEBI ICDR Regulations, 2009 andincluding, in case of a new company, persons in the permanent and full timeemployment of the promoting companies excluding the promoters and immediaterelatives of the promoters. For further details, Bidder/Applicant may refer to theRHP/Prospectus

Equity Shares Equity Shares of the Issuer

Escrow Account Account opened with the Escrow Collection Bank(s) and in whose favour the AnchorInvestors may transfer money through NEFT/RTGS/direct credit in respect of theBid Amount when submitting a Bid


Escrow Agreement Agreement to be entered into among the Issuer, the Registrar to the Issue, the BookRunning Lead Manager(s), the Escrow Collection Bank(s) and the Refund Bank(s)for collection of the Bid Amounts from Anchor Investors and where applicable,remitting refunds of the amounts collected to the Anchor Investors on the terms andconditions thereof

Escrow Collection Bank(s) Refer to definition of Banker(s) to the Issue FCNR Account Foreign Currency Non-Resident Account

First Bidder/Applicant The Bidder/Applicant whose name appears first in the Bid cum Application Form orRevision Form

FII(s) Foreign Institutional Investors as defined under the SEBI (Foreign InstitutionalInvestors) Regulations, 1995 and registered with SEBI under applicable laws in India

Fixed Price Issue/Fixed Price Process/ The Fixed Price process as provided under SEBI ICDR Regulations, 2009, inFixed Price Method terms of which the Issue is being made

Floor Price The lower end of the Price Band, at or above which the Issue Price and the AnchorInvestor Issue Price may be finalised and below which no Bids may be accepted,subject to any revision thereto

FPIs Foreign Portfolio Investors as defined under the Securities and Exchange Board ofIndia (Foreign Portfolio Investors) Regulations, 2014

FPO Further public offering

Foreign Venture Capital Investors or FVCIs Foreign Venture Capital Investors as defined and registered with SEBI under theSEBI (Foreign Venture Capital Investors) Regulations, 2000

IPO Initial public offering

Issuer/Company The Issuer proposing the initial public offering/further public offering as applicable

Maximum RIB Allottees The maximum number of RIBs who can be Allotted the minimum Bid Lot. This iscomputed by dividing the total number of Equity Shares available for Allotment toRIBs by the minimum Bid Lot.

MICR Magnetic Ink Character Recognition - nine-digit code as appearing on a cheque leaf

Mutual Fund A mutual fund registered with SEBI under the SEBI (Mutual Funds) Regulations,1996

Mutual FundsPortion 5% of the QIB Category (excluding the Anchor Investor Portion) available forallocation to Mutual Funds only, being such number of equity shares as disclosedin the RHP/ Prospectus and Bid cum Application Form

NECS National Electronic Clearing Service

NEFT National Electronic Fund Transfer

NRE Account Non-Resident External Account

NRI NRIs from such jurisdictions outside India where it is not unlawful to make an offeror invitation under the Issue and in relation to whom the RHP/Prospectus constitutesan invitation to subscribe to or purchase the Equity Shares

NRO Account Non-Resident Ordinary Account

Net Offer The Issue less reservation portion

Non InstitutionalBidders or NIBs All Bidders/Applicants, including sub accounts of FIIs registered with SEBI whichare foreign Corporates or foreign individuals and FPIs which are Category III foreignportfolio investors, that are not QIBs or RIBs and who have Bid for Equity Sharesfor an amount of more than ‘200,000 (but not including NRIs other than eligibleNRIs)

Non-InstitutionalCategory The portion of the Issue being such number of Equity Shares available for allocationto NIBs on a proportionate basis and as disclosed in the RHP/Prospectus and the Bidcum Application Form


Non-Resident A person resident outside India, as defined under FEMA and includes EligibleNRIs, FPIs and FVCIs registered with SEBI

OCB/OverseasCorporate Body A company, partnership, society or other corporate body owned directly or indirectlyto the extent of at least 60% by NRIs including overseas trusts, in which not lessthan 60% of beneficial interest is irrevocably held by NRIs directly or indirectlyand which was in existence on October 3, 2003 and immediately before such datehad taken benefits under the general permission granted to OCBs under FEMA

Offer Public issue of Equity Shares of the Issuer including the Offer for Sale if applicable

Offer for Sale Public offer of such number of Equity Shares as disclosed in the RHP/Prospectusthrough an offer for sale by the Selling Shareholders

Other Investors Investors other than Retail Individual Bidders in a Fixed Price Issue. These includeindividual applicants other than Retail Individual Bidders and other investors includingcorporate bodies or institutions irrespective of the number of specified securitiesapplied for

Issue Price The final price, less discount (if applicable) at which the Equity Shares may be Allottedto Bidders other than Anchor Investors, in terms of the Prospectus. Equity Shares willbe Allotted to Anchor Investors at the Anchor Investor Issue Price The Issue Pricemay be decided by the Issuer in consultation with the Book Running Lead Manager(s)

PAN Permanent Account Number allotted under the Income Tax Act, 1961

Price Band Price Band with a minimum price, being the Floor Price and the maximum price,being the Cap Price and includes revisions thereof. The Price Band and the minimumBid lot size for the Issue may be decided by the Issuer in consultation with the BookRunning Lead Manager(s) and advertised, at least five working days in case of anIPO and one working day in case of FPO, prior to the Bid/ Issue Opening Date, inEnglish national daily, Hindi national daily and regional language at the place wherethe registered office of the Issuer is situated, newspaper each with wide circulation

Pricing Date The date on which the Issuer in consultation with the Book Running LeadManager(s), finalise the Issue Price

Prospectus The prospectus to be filed with the RoC in accordance with Section 26 of theCompanies Act, 2013 after the Pricing Date, containing the Issue Price, the size ofthe Issue and certain other information

Public Issue Account A Bank account opened with the Banker to the Issue to receive monies from theEscrow Account and from the ASBA Accounts on the Designated Date

QIB Category The portion of the Issue being such number of Equity Shares to be Allotted to QIBson a proportionate basis

Qualified Institutional Buyers or QIBs As defined under SEBI ICDR Regulations, 2009

RTGS Real Time Gross Settlement

Red Herring Prospectus/RHP The red herring prospectus issued in accordance with Section 32 of the CompaniesAct, 2013, which does not have complete particulars of the price at which the EquityShares are offered and the size of the Issue. The RHP may be filed with the RoC atleast three days before the Bid/ Issue Opening Date and may become a Prospectusupon filing with the RoC after the Pricing Date. In case of issues undertaken throughthe fixed price process, all references to the RHP should be construed to mean theProspectus

Refund Account(s) The account opened with Refund Bank(s), from which refunds to Anchor Investors,if any, of the whole or part of the Bid Amount may be made

Refund Bank(s) Refund bank(s) as disclosed in the RHP/Prospectus and Bid cum Application Formof the Issuer

Registrar and ShareTransfer Agents orRTAs Registrar and share transfer agents registered with SEBI and eligible to procure Bidsat the Designated RTA Locations in terms of circular no.CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 issued by SEBI


Registered Broker Stock Brokers registered with the Stock Exchanges having nationwide terminals,other than the members of the Syndicate

Registrar to theIssue/RTO The Registrar to the Issue as disclosed in the RHP/Prospectus and Bid cum ApplicationForm

Reserved Category/ Categories Categories of persons eligible for making application/Bidding under reservationportion

Reservation Portion The portion of the Issue reserved for such category of eligible Bidders/Applicants as provided under the SEBI ICDR Regulations, 2009

Retail IndividualBidders/ RIBs Investors who applies or bids for a value of not more than ‘200,000.

Retail IndividualShareholders Shareholders of a listed Issuer who applies or bids for a value of not more than`200,000.

Retail Category The portion of the Issue being such number of Equity Shares available for allocationto RIBs which shall not be less than the minimum Bid Lot, subject to availabilityin RIB category and the remaining shares to be Allotted on proportionate basis.

Revision Form The form used by the Bidders in an issue through Book Building Process to modifythe quantity of Equity Shares and/or bid price indicated therein in any of their Bidcum Application Forms or any previous Revision Form(s)

RoC The Registrar of Companies

SEBI The Securities and Exchange Board of India constituted under the Securities andExchange Board of India Act, 1992

SEBI ICDR Regulations, 2009 The Securities and Exchange Board of India (Issue of Capital and DisclosureRequirements) Regulations, 2009

Self Certified Syndicate Bank(s) or SCSB(s) A bank registered with SEBI, which offers the facility of ASBA and a list of whichis available on http://www.sebi.gov.in/cms/sebi_data/attachdocs/1316087201341.html

Specified Locations Refer to definition of Broker Centers

Stock Exchanges/ SE The stock exchanges as disclosed in the RHP/Prospectus of the Issuer where theEquity Shares Allotted pursuant to the Issue are proposed to be listed

Syndicate The Book Running Lead Manager(s) and the Syndicate Member

Syndicate Agreement The agreement to be entered into among the Issuer, and the Syndicate in relation tocollection of ASBA Forms by Syndicate Members

Syndicate Member(s) /SMUnderwriters The Syndicate Member(s) as disclosed in the RHP/Prospectus The Book RunningLead Manager(s) and the Syndicate Member(s)

Underwriting Agreement The agreement amongst the Issuer, and the Underwriters to be entered into on orafter the Pricing Date

Working Day All trading days of Stock Exchanges, excluding Sundays and holidays for commercialbanks in Mumbai.


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