ITALIAN EDIBLES LIMITED

(Formally Known as Italian Edibles Private Limited)

Corporate Identification Number: U15141MP2009PLC022797

Our Company was originally incorporated as Italian Edibles Private Limited on December 16, 2009 under the
Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Madhya Pradesh and
Chattisgarh. Subsequently, the name of the company was changed from “Italian Edibles Private Limited” to “Italian
Edibles Limited” under The Companies Act, 2013 pursuant to a special resolution passed by our shareholders at the
EGM held on September 06, 2023 and had obtained fresh certificate of incorporation dated September 21, 2023 issued
by the Registrar of Companies, Gwalior. The CIN of the Company is U15141MP2009PLC022797.For details
pertaining to the changes of name of our company and change in the registered office, please refer to the chapter titled
‘History and Certain Corporate Matters’ beginning on page no. 119 of the Prospectus.

Registered Office: 309/1/1/8 Block No.03, Mangal Udhyog Nagar, Gram Palda, Indore-452020, Madhya
Pradesh, India
Tel. No.: +91 9826298268; Email: [email protected]; Website: www.ofcoursegroup.com
Contact Person: Ms. Sunila Kalra, Company Secretary & Compliance Officer

OUR PROMOTER: MR. AJAY MAKHIJA AND MR. AKSHAY MAKHIJA

INITIAL PUBLIC ISSUE OF 39,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH
(“EQUITY SHARES”) OF ITALIAN EDIBLES LIMITED (“OUR COMPANY” OR “THE ISSUER
COMPANY”) FOR CASH AT A PRICE RS. 68/- PER EQUITY SHARE (INCLUDING A SHARE
PREMIUM OF RS.58/- PER EQUITY SHARE) (“ISSUE PRICE”) AGGREGATING TO RS. 2665.60
LAKHS (“THE ISSUE”), OUT OF WHICH 2,00,000 Equity SHARES OF FACE VALUE OF RS. 10/-
EACH FOR A CASH PRICE OF RS. 68/- PER EQUITY SHARE, AGGREGATING TO RS. 136.00 LAKHS
WILL BE RESERVED FOR SUBSCRIPTION BY MARKET MAKER (“MARKET MAKER
RESERVATION PORTION”). THE ISSUE LESS THE MARKET MAKER RESERVATION PORTION
I.E. ISSUE OF 37,20,000 EQUITY SHARES OF FACE VALUE OF RS. 10/- EACH AT AN ISSUE PRICE
OF RS. 68/- PER EQUITY SHARE AGGREGATING TO RS. 2529.60 LAKHS (IS HEREINAFTER
REFERRED TO AS THE “NET ISSUE”). THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 26.53
% AND 25.17 % RESPECTIVELY OF THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR
COMPANY. PLEASE REFER TO SECTION TITLED “TERMS OF THE ISSUE” BEGINNING ON
PAGE NO. 225 OF THE PROSPECTUS.

General Information Document for Investing in Public Issues

This General Information Document highlights certain key rules, processes and procedures applicable to public
issues in accordance with the provisions of the Companies Act, 2013 the Securities Contracts (Regulation) Act, 1956
(“SCRA”), the Securities Contracts (Regulation) Rules, 1957 (“SCRR”), the Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (“SEBI ICDR Regulations”).
Applicants should not construe the contents of this General Information Document as legal advice and should consult
their own legal counsel and other advisors in relation to the legal matters concerning the Offer. For taking an
investment decision, the Applicants should rely on their own examination of the Issuer and the Offer and should
carefully read the Prospectus before investing in the Offer. The General Information Document has been updated to
reflect various enactments and regulations, to the extent applicable to a public issue, as on the date of the Prospectus.

SEBI through its circular no. (SEBI/HO/CFD/DIL2/CIR/P/2018/138) dated November 1, 2018 read with its circular
no. SEBI/HO/CFD/DIL2/CIR/P/2019/50 dated April 03, 2019 and circular no. (SEBI/HO/CFD/DIL2/CIR/P/2019/76)
dated June 28, 2019, has introduced an alternate payment mechanism using Unified Payments Interface (“UPI”) and
consequent reduction in timelines for listing in a phased manner. From January 1, 2019, the UPI Mechanism for RIIs

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applying through Designated Intermediaries was made effective along with the existing process and existing timeline
of T+6 days. (“UPI Phase I”). The UPI Phase I was effective till June 30, 2019.
With effect from July 1, 2019, SEBI vide its circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated June 28, 2019,
read with circular bearing number SEBI/HO/CFD/DIL2/CIR/P/2019/85 dated July 26, 2019 with respect to
Applications by RIIs through Designated Intermediaries (other than SCSBs), issued by SEBI, the existing process of
physical movement of forms from such Designated Intermediaries to SCSBs for blocking of funds has been
discontinued and only the UPI Mechanism for such Bids with existing timeline of T+6 days will continue for a period
of three months or launch of five main board public issues, whichever is later (“UPI Phase II”). Subsequently
however, SEBI vide its circular no. SEBI/HO/CFD/DCR2/CIR/P/2019/133 dated November 8, 2019 extended the
timeline for implementation of UPI Phase II till March 31, 2020. However, given the prevailing uncertainty due to the
COVID-19 pandemic, SEBI vide its circular no. SEBI/HO/CFD/DIL2/CIR/P/2020/50 dated March 30, 2020, has
decided to continue with the UPI Phase II till further notice. The final reduced timeline of T+3 days for the UPI
Mechanism for applications by RIIs (“UPI Phase III”) and modalities of the implementation of UPI Phase III maybe
notified and made effective subsequently, as may be prescribed by SEBI. The Issue will be undertaken pursuant to the
processes and procedures under UPI Phase II, subject to any circulars, clarification or notification issued by the SEBI
from time to time. Further, SEBI, vide its circular no. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16,
2021 and circular no. SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021, SEBI circular no.
SEBI/HO/CFD/DIL2/CIR/P/2022/51 dated April 20, 2022 and SEBI circular no SEBI/HO/CFD/DIL2/P/CIR/2022/75
dated May 30, 2022, have introduced certain additional measures for streamlining the process of initial public offers
and redressing investor grievances. These circulars, to the extent already in force, are deemed to form part of this
Prospectus. Furthermore, pursuant to SEBI circular no. SEBI/HO/CFD/DIL2/P/CIR/P/2022/45 dated April 5, 2022,
all UPI applicants in initial public offerings (opening on or after May 1, 2022) whose application sizes are up to ₹5.00
lakhs shall use the UPI Mechanism. Subsequently, pursuant to SEBI circular no SEBI/HO/CFD/DIL2/P/CIR/2022/75
dated May 30, 2022, applications made using the ASBA facility in initial public offerings (opening on or after
September 1, 2022) shall be processed only after application monies are blocked in the bank accounts of investors
(all categories). For details, please refer to “Interest In Case Of Delay in Allotment or Refund” on page 271 of the
Prospectus.
Merchant Banker shall be the nodal entity for any issues arising out of public issuance process.
In terms of regulation 23(5) and regulation 271 of SEBI (Issue of Capital and Disclosure Requirements) Regulations,
2018, the timelines and processes mentioned in SEBI Circular. No. SEBI/HO/CFD/DCR2/CIR/P/2019/133 dated
November 08, 2019 shall continue to form part of the agreements being signed between the intermediaries involved
in the public issuance process and lead manager shall continue to coordinate with intermediaries involved in the said
process.
Our Company and the Lead Manager do not accept any responsibility for the completeness and accuracy of the
information stated in this section and are not liable for any amendment, modification or change in the applicable law
which may occur after the date of the Prospectus. Applicants are advised to make their independent investigations
and ensure that their Bids are submitted in accordance with applicable laws and do not exceed the investment limits
or maximum number of the Equity Shares that can be held by them under applicable law or as specified in the
Prospectus.
Important Note:
This General Information Document for investing in public issue “GID” relates to the Public Issue of 39,20,000
Equity Shares of Rs. 10/-each fully paid of Italian Edibles Limited (“Italian” or “Company” or “The Issuer”)
for Cash at a Price of Rs. 68/- Per Equity Share in Terms of Chapter IX of the SEBI (ICDR) Regulations, 2018
(As amended from time to time), under the Fixed Price Mode and are proposed to be listed on the EMERGE
Platform of NSE.
Accordingly, the Investors are advised to refer to the particulars of this GID in context of Fixed Price Issue being
made under Chapter IX of the SEBI (ICDR) Regulations, 2018, as amended from time to time.

General Information Document for Investing in Public Issues

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

This document is applicable to the public issues undertaken inter-alia through Fixed Price Issues / Offer. The purpose
of the “General Information Document for Investing in Public Issues” is to provide general guidance to potential
Applicants in IPOs, on the processes and procedures governing IPOs, undertaken in accordance with the provisions of
the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI
ICDR Regulations, 2018”).

Applicants should note that investment in equity and equity related securities involves risk and Applicant should not
invest any funds in the Issue / Offer unless they can afford to take the risk of losing their investment. The specific terms
relating to securities and/or for subscribing to securities in an Issue/ Offer and the relevant information about the
Company undertaking the Issue / Offer; are set out in the Prospectus filed by the Company with the Registrar of
Companies (“RoC”). Applicants should carefully read the entire Prospectus and the Application Form and the
Abridged Prospectus of the Company in which they are proposing to invest through the Issue / Offer. In case of any
difference in interpretation or conflict and/or overlap between the disclosure included in this document and the
Prospectus, the disclosures in the Prospectus shall prevail. The Prospectus of the Company is available on the
websites of stock exchange(s), on the website(s) of the LM(s) to the Issue / Offer and on the website of Securities
and Exchange Board of India (“SEBI”) at www.sebi.gov.in.; Lead Manager at www.focl.in; Issuer Company at
www.ofcoursegroup.com.

For the definitions of capitalized terms and abbreviations used herein Applicants may refer to the section “Glossary
and Abbreviations”.

SECTION 2: BRIEF INTRODUCTION TO IPOs ON SME EXCHANGE

2.1 INITIAL PUBLIC OFFER (IPO)

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

For undertaking an IPO, an Issuer / Company is inter-alia required to comply with the eligibility requirements of in
terms of either Regulation 26(1) or Regulation 26(2) of the SEBI ICDR Regulations, 2018, if applicable. For details of
compliance with the eligibility requirements by the Issuer, Applicants may refer to the Prospectus.

The Issuer / Company may also undertake IPO under of chapter IX of the SEBI (ICDR) Regulations, wherein as per:

• Regulation 229 (1): An issuer whose post-issue face value capital does not exceed ten crore rupees shall issue its
specified securities in accordance with provisions of this Chapter.
• Regulation 229 (2): An issuer whose post-issue face value capital is more than ten crore rupees and upto twenty
five crore rupees, may also issue its specified securities in accordance with provisions of this Chapter.

The present Issue being made under Regulation 229 (2) of Chapter IX of SEBI (ICDR) Regulation 2018. For more
details on the eligibility requirements by the Issuer, please refer to chapter titled “Other Regulatory and Statutory
Approvals” on page 205 of the Prospectus.

2.2 OTHER ELIGIBILITY REQUIREMENTS

In addition to the eligibility requirements specified in paragraphs 2.1, an Issuer / Company proposing to undertake an
IPO is required to comply with various other requirements as specified in the SEBI ICDR Regulations, 2018, the
Companies Act, 2013, the Companies Act, 1956 (to the extant applicable) (the “Companies Act”), The Securities
Contracts (Regulation) Rules, 1957 (the “SCRR”), industry-specific regulations, if any, and other applicable laws for the
time being in force. Following are the eligibility requirements for making an SME IPO under Regulation 229 of Chapter
IX of SEBI (ICDR) Regulations:

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• In accordance with Regulation 260(1) of the SEBI (ICDR) Regulations, Issue / Offer has to be 100% underwritten and
the LM has to underwrite at least 15% of the total issue / Offer size.
• In accordance with Regulation 268(1) of the SEBI (ICDR) Regulations, total number of proposed allottees in the Issue
/ Offer shall be greater than or equal to fifty, otherwise, the entire application money will be refunded forthwith.
If such money is not repaid within eight days from the date the company becomes liable to repay it, than the
Company, the Selling Shareholder(s) and every officer in default shall, on and from expiry of eight days, be liable
to repay such application money, with interest as prescribed section 73 under Companies Act, 2013.
• In accordance with Regulation 246 the SEBI (ICDR) Regulations, Company is not required to file any Offer
Document with SEBI nor has SEBI issued any observations on the Offer Document. The Lead Manager shall submit
the copy of Prospectus along with a Due Diligence Certificate including additional confirmations as required to SEBI
at the time of filing the Prospectus with Stock Exchange and the Registrar of Companies.
• In accordance with Regulation 261(1) of the SEBI ICDR Regulations, the LM has to ensure compulsory market
making for a minimum period of three years from the date of listing of Equity Shares offered in the Issue / Offer.
• The Net worth (excluding revaluation reserves) of the Issuer / Company shall be positive as per the latest audited
financial results.
• The Issuer / Company /firm (or the firm which has been converted into the company) should have a (combined)
track record of at least 3 years. The company /firm (or the firm which has been converted into the company) should
have combined positive cash accruals (earnings before depreciation and tax) from operations for at least 2 financial
years preceding the application and its net worth should be positive
• The Post-issue / Offer paid up capital of the Issuer / Company shall not be more than Rs. 25 Crores.
• The Issuer / Company shall mandatorily facilitate trading in demat securities.
• The Issuer / Company should not been referred to Board for Industrial and Financial Reconstruction.
• No petition for winding up is admitted by a court of competent jurisdiction against the Issuer / Company nor has
a liquidator been appointed.
• No material regulatory or disciplinary action should have been taken by any stock exchange or regulatory authority
in the past three years against the Issuer.
• No change in the promoter/s of the Company in the preceding one year from date of filing application to NSE for
listing on SME segment.
• The Company should have a website.

Issuer / Company shall also comply with all the other requirements as laid down for such an Issue / Offer under
Chapter IX of SEBI (ICDR) Regulations and subsequent circulars and guidelines issued by SEBI and the Stock
Exchange.

The Company is eligible for the Issue / Offer in accordance with regulation 229(2) and other provisions of Chapter IX
of the SEBI (ICDR) Regulations as the post issue / Offer face value capital is more than Rs. 10 Crores. Company also
complies with the eligibility conditions laid by the Emerge Platform of NSE for listing of our Equity Shares.

For details of compliance with the eligibility requirements by the Issuer /Company, Applicants may refer to the Prospectus.

2.3 TYPES OF PUBLIC ISSUES - FIXED PRICE ISSUES AND BOOK BUILT ISSUES

In accordance with the provisions of the SEBI ICDR Regulations, 2018, an Issuer / Company can either determine the
Issue Price through the Book Building Process (“Book Built Issue”) or undertake a Fixed Price Issue (“Fixed Price
Issue”). An Issuer / Company may mention Floor Price or Price Band in the RHP (in case of a Book Built Issue) and
a Price or Price Band in the Prospectus (in case of a fixed price Issue) and determine the price at a later date before
registering the Prospectus with the Registrar of Companies.

The cap on the Price Band should be less than or equal to 120% of the Floor Price. The Issuer / Company shall announce
the Price or the Floor Price or the Price Band through advertisement in all newspapers in which the pre -issue advertisement
was given at least two Working Days before the Issue Opening Date, in case of an IPO and at least one Working
Day before the Issue Opening Date, in case of an FPO.

The Floor Price or the Issue price cannot be lesser than the face value of the securities. Applicants should refer to
the Prospectus or Issue advertisements to check whether the Issue is a Book Built Issue or a Fixed Price Issue.

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The Present Issue is 100% Fixed Price Issue.

2.4 ISSUE PERIOD

The Issue may be kept open for a minimum of three Working Days (for all category of Applicants) and not more than
ten Working Days. Applicants are advised to refer to the Application Form and Abridged Prospectus or Prospectus for
details of the Issue Period. Details of Issue Period are also available on the website of Stock Exchange(s).

2.5 MIGRATION TO MAIN BOARD

SME Issuer / Company may migrate to the Main Board of NSE from the SME Exchange at a later date subject to
the following:

In accordance with the NSE Circular dated April 20, 2023, our Company will have to be mandatorily listed and traded on
the SME Platform of the NSE for a minimum period of 3 (Three) years from the date of listing and only after that it can
migrate to the Main Board of NSE as per the conditions prescribed in the said NSE circular and guidelines specified by
SEBI and as per the procedures laid down under Chapter IX of the SEBI (ICDR) Regulations. Our Company may migrate
to the main board of NSE from the SME Platform on a later date subject to the following:

a) If the Paid up Capital of the company is likely to increase above Rs. 25 crores by virtue of any further issue of
capital by way of rights, preferential issue, bonus issue etc. (which has been approved by a special resolution through
postal ballot wherein the votes cast by the shareholders other than the Promoters in favour of the proposal amount
to at least two times the number of votes cast by shareholders other than promoter shareholders against the proposal
and for which the company has obtained in-principal approval from the main board), we shall have to apply to NSE
for listing our shares on its Main Board subject to the fulfilment of the eligibility criteria for listing of specified
securities laid down by the Main Board.
OR

b) If the Paid up Capital of the company is more than Rs. 10 crores but below Rs. 25 crores, we may still apply for
migration to the main board if the same has been approved by a special resolution through postal ballot wherein the
votes cast by the shareholders other than the promoters in favour of the proposal amount to at least two times the
number of votes cast by shareholders other than promoter shareholders against the proposal.

2.6 FLOWCHART OF TIMELINES

A flow chart of process flow in Fixed Price Issues is as follows:

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

Each Applicant should check whether it is eligible to apply under applicable law. Furthermore, certain categories of
Applicants, such as NRIs, FPIs and FVCIs may not be allowed to apply in the Issue or to hold Equity Shares, in excess
of certain limits specified under applicable law. Applicants are requested to refer to the Prospectus for more details.
Subject to the above, an illustrative list of Applicants is as follows:

1. Indian nationals resident in India who are not incompetent to contract in single or joint names (not more than three)
or in the names of minors through natural/legal guardian;
2. Hindu Undivided Families or HUFs, in the individual name of the Karta. The Applicant should specify that the
application is being made in the name of the HUF in the Application Form as follows: Name of Sole or First
applicant: XYZ Hindu Undivided Family applying through XYZ, where XYZ is the name of the Karta.
Applications by HUFs would be considered at par with those from individuals;
3. Companies, Corporate Bodies and Societies registered under the applicable laws in India and authorized to invest
in the Equity Shares under their respective constitutional and charter documents;
4. Mutual Funds registered with SEBI;
5. Eligible NRIs on a repatriation basis or on a non-repatriation basis, subject to applicable laws;
6. NRIs other than Eligible NRIs are not eligible to participate in this Issue;
7. Indian Financial Institutions, scheduled commercial banks, regional rural banks, co-operative banks (subject to RBI
permission, and the SEBI Regulations and other laws, as applicable);
8. FIIs and sub-accounts of FIIs registered with SEBI, other than a sub-account which is a foreign corporate or a
foreign individual under the QIB Portion;
9. Limited Liability Partnerships (LLPs) registered in India and authorized to invest in equity shares;
10. Sub-accounts of FIIs registered with SEBI, which are foreign corporate or foreign individuals only under the
Non-Institutional applicant’s category;
11. Venture Capital Funds and Alternative Investment Fund (I) registered with SEBI; State Industrial Development
Corporations;
12. Foreign Venture Capital Investors registered with the SEBI;
13. Trusts/societies registered under the Societies Registration Act, 1860, as amended, or under any other law relating
to Trusts and who are authorized under their constitution to hold and invest in equity shares;
14. Scientific and/or Industrial Research Organizations authorized to invest in equity shares;
15. Insurance Companies registered with IRDA;
16. Provident Funds and Pension Funds with minimum corpus of Rs. 2,500 Lakhs and who are authorized under their
constitution to hold and invest in equity shares;
17. Pension Funds with minimum corpus of Rs.25 Crores and who are authorized under their constitution to hold
and invest in equity shares;
18. Multilateral and Bilateral Development Financial Institutions;
19. National Investment Fund set up by resolution no. F. No. 2/3/2005-DDII dated November 23, 2005 of Government
of India published in the Gazette of India;
20. Insurance funds set up and managed by army, navy or air force of the Union of India or by Department of Posts,
India;
21. Eligible QFIs;
22. Insurance funds set up and managed by army, navy or air force of the Union of India;
23. Insurance funds set up and managed by the Department of Posts, India;
24. Any other person eligible to apply in this Issue, under the laws, rules, regulations, guidelines and policies
applicable to them under Indian laws.

Applications not to be made by:

1. Minors (except under guardianship)

2. Partnership firms or their nominees
3. Foreign Nationals (except NRIs)
4. Overseas Corporate Bodies

SECTION 4: APPLYING IN THE ISSUE

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Fixed Price Issue: Applicants should only use the specified Application Form either bearing the stamp of
Collection Bank(s) or SCSBs as available or downloaded from the websites of the Stock Exchanges. Application
Forms are available with the Branches of Collection Banks or Designated Branches of the SCSBs, at the registered
office of the Issue/Company and at the office of LM. For further details regarding availability of Application Forms,
Applicants may refer to the Prospectus.

Applicants should ensure that they apply in the appropriate category. The prescribed colour of the Application Form
for various categories of Applicants is as follows:

Category Color*
Resident Indian, Eligible NRIs applying on a non-repatriation basis White
NRIs, FVCIs, FPIs, their Sub-Accounts (other than Sub-Accounts which are foreign Blue
corporate(s) or foreign individuals applying under the QIB), on a repatriation basis
Anchor Investors (where applicable) & Applicants applying in the reserved category As specified by the Issuer
* Excluding electronic Bid cum Application Form

Securities Issued in an IPO can only be in dematerialized form in compliance with Section 29 of the Companies Act,
2013. Applicants will not have the option of getting the allotment of specified securities in physical form. However, they
may get the specified securities rematerialised subsequent to allotment.

4.1 INSTRUCTIONS FOR FILING THE APPLICATION FORM (FIXED PRICE ISSUE)

Applicants may note that forms not filled completely or correctly as per instructions provided in this GID, the
Prospectus and the Application Form are liable to be rejected.

Instructions to fill each field of the Application Form can be found on the reverse side of the Application Form. Specific
instructions for filling various fields of the Resident Application Form and Non-Resident Application Form and samples
are provided below.

The samples of the Application Form for resident Applicants and the Application Form for non-resident Applicants
are reproduced below:

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R APPLICATION FORM

NR APPLICATION FORM

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4.1.1 FIELD NUMBER 1: NAME AND CONTACT DETAILS OF THE SOLE/ FIRST APPLICANT

a) Applicants should ensure that the name provided in this field is exactly the same as the name in which the
Depository Account is held.

b) Mandatory Fields: Applicants should note that the name and address fields are compulsory and e-mail
and/or telephone number/ mobile number fields are optional. Applicants should note that the contact details
mentioned in the Application Form may be used to dispatch communications in case the communication sent to
the address available with the Depositories are returned undelivered or are not available. The contact details
provided in the Application Form may be used by the Issuer, the members of the Syndicate, the Registered Broker
and the Registrar to the Issue only for correspondence(s) related to an Issue and for no other purposes.

c) Joint Applications: In the case of Joint Applications, the Applications should be made in the name of the Applicant
whose name appears first in the Depository account. The name so entered should be the same as it appears in the
Depository records. The signature of only such first Applicant would be required in the Application Form and such
first Applicant would be deemed to have signed on behalf of the joint holders. All payments may be made out in favor
of the Applicant whose name appears in the Application Form or the Revision Form and all communications may
be addressed to such Applicant and may be dispatched to his or her address as per the Demographic Details received
from the Depositories.

d) Impersonation: Attention of the Applicants is specifically drawn to the provisions of sub section (1) of Section
38 of the Companies Act, 2013 which is reproduced below:
“Any person who:
• makes or abets making of an application in a fictitious name to a Company for acquiring, or subscribing
for, its securities; or
• makes or abets making of multiple applications to a Company in different names or in different combinations of
his name or surname for acquiring or subscribing for its securities; or
• otherwise induces directly or indirectly a Company to allot, or register any transfer of securities to him, or
to any other person in a fictitious name,

Shall be liable for action under section 447 of the said Act. ‟

e) Nomination Facility to Applicant: Nomination facility is available in accordance with the provisions of Section 72
of the Companies Act, 2013. In case of allotment of the Equity Shares in dematerialized form, there is no need to
make a separate nomination as the nomination registered with the Depository may prevail. For changing
nominations, the Applicants should inform their respective DP.

4.1.2 FIELD NUMBER 2: PAN NUMBER OF SOLE /FIRST APPLICANT

a) PAN (of the sole/ first Applicant) provided in the Application Form should be exactly the same as the PAN of
the person(s) in whose name the relevant beneficiary account or UPI linked account number is held as per the
Depositories records.
b) PAN is the sole identification number for participants transacting in the securities market irrespective of the amount
of transaction except for Applications on behalf of the Central or State Government, Applications by officials
appointed by the courts and Applications by Applicants residing in Sikkim (“PAN Exempted Applicants”).
Consequently, all Applicants, other than the PAN Exempted Applicants, are required to disclose their PAN in the
Application Form, irrespective of the Application Amount. An Application Form without PAN, except in case of
Exempted Applicants, is liable to be rejected. Applications by the Applicants whose PAN is not available as per
the Demographic Details available in their Depository records, are liable to be rejected.
c) The exemption for the PAN Exempted Applicants is subject to (a) the Demographic Details received from the
respective Depositories confirming the exemption granted to the beneficiary owner by a suitable description in
the PAN field and the beneficiary account or UPI linked account number remaining in “active status”; and (b) in
the case of residents of Sikkim, the address as per the Demographic Details evidencing the same.
d) Application Forms which provide the General Index Register Number instead of PAN may be rejected.
e) Applications by Applicants whose demat accounts have been “suspended for credit” are liable to be rejected

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 pursuant to the circular issued by SEBI on July 29, 2010, bearing number CIR/MRD/DP/22/2010. Such accounts
are classified as “Inactive demat accounts” and demographic details are not provided by depositories.

4.1.3 FIELD NUMBER 3: APPLICANTS DEPOSITORY ACCOUNT DETAILS

a) Applicants should ensure that DP ID and the Client ID are correctly filled in the Application Form. The DP ID
and Client ID provided in the Application Form should match with the DP ID and Client ID available in the
Depository database, otherwise, the Application Form is liable to be rejected.
b) Applicants should ensure that the beneficiary account or UPI linked account number provided in the Application
Form is active.
c) Applicants should note that on the basis of DP ID and Client ID as provided in the Application Form, the Applicant
may be deemed to have authorized the Depositories to provide to the Registrar to the Issue, any requested
Demographic Details of the Applicant as available on the records of the depositories. These Demographic Details
may be used, among other things, for giving refunds and allocation advice (including through physical refund
warrants, direct credit, NECS, NEFT and RTGS), or unblocking of ASBA Account or for other correspondence(s)
related to an Issue.
d) Applicants are, advised to update any changes to their Demographic Details as available in the records of the
Depository Participant to ensure accuracy of records. Any delay resulting from failure to update the Demographic
Details would be at the Applicants sole risk.

4.1.4 FIELD NUMBER 4: APPLICATION DETAILS

a) The Issuer may mention Price in the Prospectus/Prospectus. However, a Prospectus registered with RoC contains
one price.

b) Minimum And Maximum Application Size:

i. For Retail Individual Applicants
The Application must be for a minimum of 2000 equity shares. As the Application Price payable by the
Retail Individual Applicants cannot exceed Rs. 2,00,000, they can make Application for only minimum
Application size i.e. for 2000 equity shares.
ii. For Other Applicants (Non-Institutional Applicants and QIBs):
The Application must be for a minimum of such number of Equity Shares such that the Application Amount
exceeds Rs. 200,000 and in multiples of 2000 equity shares thereafter. An Application cannot be submitted
for more than the Issue Size.

However, the maximum Application by a QIB investor should not exceed the investment limits prescribed
for them by applicable laws. Under existing SEBI Regulations, a QIB Applicant cannot withdraw its
Application after the Issue Closing Date and is required to pay 100% QIB Margin upon submission of
Application.

In case of revision in Applications, the Non-Institutional Applicants, who are individuals, have to ensure
that the Application Amount is greater than Rs. 2,00,000 for being considered for allocation in the Non-
Institutional Portion. Applicants are advised to ensure that any single Application from them does not exceed
the investment limits or maximum number of Equity Shares that can be held by them under applicable law or
regulation or as specified in the Prospectus.

c) Multiple Applications: An Applicant should submit only one Application Form. Submission of a second
Application Form to either the same or to Collection Intermediary(s) and duplicate copies of Application Forms
bearing the same application number shall be treated as multiple applications and are liable to be rejected.

d) Applicants are requested to note the following procedures may be followed by the Registrar to the Issue to
detect multiple applications:
i. All applications may be checked for common PAN as per the records of the Depository. For Applicants other
than Mutual Funds and FPI sub-accounts, Applications bearing the same PAN may be treated as multiple
applications by an Applicant and may be rejected.

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 ii. For applications from Mutual Funds and FPI sub-accounts, submitted under the same PAN, as well as
Applications on behalf of the PAN Exempted Applicants, the Application Forms may be checked for common
DP ID and Client ID. In any such applications which have the same DP ID and Client ID, these may be treated
as multiple applications and may be rejected.

e) The following applications may not be treated as multiple Applications:

i. Applications by Reserved Categories in their respective reservation portion as well as that made by them in
the Net Issue portion in public category.
ii. Separate applications by Mutual Funds in respect of more than one scheme of the Mutual Fund provided that
the Applications clearly indicate the scheme for which the Application has been made.
iii. Applications by Mutual Funds, and sub-accounts of FPIs (or FPIs and its sub-accounts) submitted with the
same PAN but with different beneficiary account numbers or UPI linked account number, Client IDs and DP
IDs.

4.1.5 FIELD NUMBER 5: CATEGORY OF APPLICANTS

i. The categories of applicants identified as per the SEBI ICDR Regulations, 2018 for the purpose of Application,
allocation and allotment in the Issue are RIIs, individual applicants other than RII’s and other investors (including
corporate bodies or institutions, irrespective of the number of specified securities applied for).
ii. An Issuer can make reservation for certain categories of Applicants permitted under the SEBI ICDR
Regulations, 2018. For details of any reservations made in the Issue, applicants may refer to the Prospectus.
iii. The SEBI ICDR Regulations, 2018 specify the allocation or allotment that may be made to various categories of
applicants in an Issue depending upon compliance with the eligibility conditions. For details pertaining to
allocation and Issue specific details in relation to allocation, applicant may refer to the Prospectus.

4.1.6 FIELD NUMBER 6: INVESTOR STATUS

a) Each Applicant should check whether it is eligible to apply under applicable law and ensure that any
prospective allotment to it in the Issue is in compliance with the investment restrictions under applicable law.
b) Certain categories of Applicants, such as NRIs, FPIs and FVCIs may not be allowed to apply in the Issue or
hold Equity Shares exceeding certain limits specified under applicable law. Applicants are requested to refer
to the Prospectus for more details.
c) Applicants should check whether they are eligible to apply on non-repatriation basis or repatriation basis and
should accordingly provide the investor status. Details regarding investor status are different in the Resident
Application Form and Non-Resident Application Form.
d) Applicants should ensure that their investor status is updated in the Depository records.

4.1.7 FIELD 7: PAYMENT DETAILS

a) Bidders are required to enter either the ASBA Bank account details or the UPI ID in this field. In case the Bidder
doesn’t provide any of the ASBA Bank account details or the UPI ID then the application would be rejected. For
application submitted by RIIs to Designated Intermediaries (other than SCSBs), RIIs providing both, the ASBA
Bank account details as well as the UPI ID, the UPI ID will be considered for processing of the application. NRIs
applying in the Offer through the UPI mechanism are advised to enquire with the relevant Bank, whether their
account is UPI linked, prior to making such application through Channel III.
b) The full Bid Amount (net of any Discount, as applicable) shall be blocked based on the authorization provided in
the Bid cum Application Form. If the Discount is applicable in the Offer, the RIIs and Retail Individual
Shareholders and Employees Bidding in the Employee Reservation Portion (if any) should indicate the full Bid
Amount in the Bid cum Application Form and the payment 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 case of Bidders specifying more than one Bid Option in the Bid cum Application
Form, the total Bid Amount may be calculated for the highest of three options at net price, i.e. Bid price less
Discount offered, if any.
c) RIIs bidding at Cut-off price, the amount shall be blocked based on the Cap Price.
d) All QIB and NII Bidders (other than Anchor Investors) can participate in the Offer only through the ASBA

13
 mechanism
e) RIIs submitting their applications through Designated Intermediaries (other than SCSBs) can participate in the
Offer only through the UPI mechanism, using their UPI ID linked with their bank account. NRIs applying in the
Offer through the UPI mechanism are advised to enquire with the relevant Bank, whether their account is UPI
linked, prior to making such application through Channel III.
f) Bid Amount cannot be paid in cash, cheque, demand draft, through money order or through postal order.

4.1.7.1 INSTRUCTIONS FOR NON-ASBA APPLICANTS: NOT APPLICABLE.

Pursuant to SEBI Circular dated 27th September, 2011 and bearing CIR/CFD/DIL/4/2011, the Application Form
has been standardized. Further, in accordance with the SEBI circular no.-CIR/CFD/POLICYCELL/11/2015 dated
10th November, 2015 all the Applicants has to compulsorily apply through the ASBA Mode only.

4.1.7.2 Payment instructions for Applicants

a. Applicants may submit the Application Form either in physical mode or online mode to any Designated
Intermediaries.
b. Applicants should specify the Bank Account number or UPI ID, as applicable, in the Application Form. The
Application Form submitted by an Applicant and which is accompanied by cash, demand draft, money order,
postal order or any mode of payment other than blocked amounts in the ASBA Account/ / UPI ID linked Bank
Account, as the case may be maintained with an SCSB, may not be accepted.
c. Applicant should ensure that the Application Form is also signed by the ASBA Account holder(s) if the Applicant
is not the ASBA Account holder;
d. Applicant should note that application made using third party UPI ID are liable to be rejected
e. Applicant shall note that for the purpose of blocking funds under ASBA facility or UPI Channel clearly
demarcated funds shall be available in the account.
f. From one ASBA Account, a maximum of five Application Forms can be submitted.
g. Applicants applying through a Registered Broker, RTA or CDP should note that Application Forms submitted to
them may not be accepted, if the SCSB where the ASBA Account, as specified in Application Form, is maintained
has not named at least one branch at that location for the Registered Brokers, RTA or CDP, as the case may be,
to deposit Application Forms.
h. ASBA Applicant applying directly through the SCSBs should ensure that the Application Form is submitted to a
Designated Branch of a SCSB where the ASBA Account is maintained. In case Applicant applying through
Application Collecting Intermediary other than SCSB, after verification and upload, the Application Collecting
Intermediary shall send to SCSB for blocking of fund.
i. Upon receipt of Application Form, the Designated Branch of the SCSB may verify if sufficient funds equal to the
Application Amount are available in the ASBA Account or UPI ID linked Bank Account, as mentioned in the
Application Form.
j. If sufficient funds are available in the ASBA Account or UPI ID linked Bank Account, the SCSB may block an
amount equivalent to the Application Amount mentioned in the Application Form may upload the details on the
Stock Exchange Platform.
k. If sufficient funds are not available in the ASBA Account, the Designated Branch of the SCSB may not upload
such Applications on the Stock Exchange platform and such Applications are liable to be rejected.
l. Upon submission of a completed Application Form each Applicant may be deemed to have agreed to block the
entire Application Amount and authorized the Designated Branch of the SCSB to block the Application Amount
specified in the Application Form in the ASBA Account maintained with the SCSBs.
m. The Application Amount may remain blocked in the aforesaid ASBA Account or UPI ID linked Bank Account
until finalization of the Basis of allotment and consequent transfer of the Application Amount against the Allotted
Equity Shares to the Public Issue Account, or until withdrawal or failure of the Issue, or until withdrawal or
rejection of the Application, as the case may be.
n. SCSBs applying in the Issue must apply through an Account maintained with any other SCSB; else their
application is liable to be rejected.

(a) RIIs bidding through Designated Intermediaries should note that with the introduction of UPI as a payment
mechanism, there are three channels of making applications in public issues available to them in UPI Phase II (i.e.,
from July 1, 2019 until March 31, 2020). Further according to SEBI Circular no SEBI/HO/CFD/DIL2/CIR/P/2020/50

14
dated March 30, 2020 UPI Phase II is further extended up till further notice. The three channels for making applications
in public issues available to RIIs bidding through Designated Intermediaries are as follows:

However, given the prevailing uncertainty due to the COVID-19 pandemic, SEBI vide its circular no. The final
reduced timeline of T+3 days be made effective using the UPI Mechanism for applications by RIIs (“UPI Phase III”),
as may be prescribed by SEBI. The Issue will be undertaken pursuant to the processes and procedures under UPI
Phase II, subject to any circulars, clarification or notification issued by SEBI from time to time. Further, SEBI vide
its circular no. SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021 as amended pursuant to SEBI
circular no. SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021, has introduced certain additional measures for
streamlining the process of initial public offers and redressing investor grievances. This circular shall come into force
for initial public offers opening on/or after May 01, 2021, except as amended pursuant to SEBI circular
SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021, and the provisions of this circular, are deemed to form part
of the Prospectus.

RIIs bidding in the Offer through UPI shall make such applications only through the SCSBs/mobile applications whose
name appears on the SEBI website – www.sebi.gov.in at the following path:

Home » Intermediaries/Market Infrastructure Institutions » Recognised Intermediaries » Self-Certified Syndicate

Banks eligible as Issuer Banks for UPI
Home » Intermediaries/Market Infrastructure Institutions » Recognised Intermediaries » list of mobile
applications for using UPI in public issues

RIIs whose bank is not live on UPI may use the other alternate channels available to them, i.e., submission of
application form with SCSB (Channel I) or using the facility of linked online trading, demat and bank account
(Channel II).

NRIs applying in the Offer through the UPI mechanism are advised to enquire with the relevant Bank, whether their
account is UPI linked, prior to making such application through Channel
III. For UPI Phase III, RIIs will also have the option to use the same channels (as describe above) for making
applications in a public issue.

Please see below a graphical illustrative process of the investor receiving and approving the UPI Mandate
Request.

15
16
(b) QIB and NII Applicants may submit the Application Form either
i. to SCSBs in physical or electronic mode through the internet banking facility offered by an SCSB authorizing
blocking of funds that are available in the ASBA account specified in the Bid cum Application Form, or
ii. in physical mode to any Designated Intermediary.
(c) Applicants must specify the Bank Account number or the UPI ID (for RIIs bidding using the UPI mechanism), as
applicable, in the Application Form. The Application Form submitted by a Applicant and which is accompanied by
cash, demand draft, cheque, money order, postal order or any mode of payment other than blocked amounts in the
ASBA Account, may not be accepted.
(d) Applicants should note that application made using third party UPI ID or ASBA Account is liable to be rejected.
(e) NRIs applying in the Offer through the UPI mechanism are advised to enquire with the relevant Bank, whether
their account is UPI linked, prior to making such application through Channel III
(f) Applicants shall note that for the purpose of blocking funds under ASBA facility clearly demarcated funds shall be
available in the ASBA Account.
(g) Applicants (other than RIIs bidding through the non-UPI mechanism) should submit the Application Form only at
the Bidding Centers, i.e. to the respective member of the Syndicate at the Specified Locations, the SCSBs, the

17
Registered Broker at the Broker Centres, the CRTA at the Designated RTA Locations or CDP at the Designated CDP
Locations. RIIs bidding through the non-UPI mechanism should either submit the physical Application Form with the
SCSBs or Designated Branches of SCSBs under Channel I or submit the Application Form online using the facility
of 3-in1 type accounts under Channel II.
(h) Applicants (other than RIIs bidding through the non-UPI mechanism) bidding through Designated
Intermediaries other than a SCSB, should note that ASBA Forms submitted to such Designated Intermediary may
not be accepted, if the SCSB where the ASBA Account, as specified in the Application Form, is maintained has not
named at least one branch at that location for such Designated Intermediary, to deposit ASBA Forms.
(i) Applicants bidding directly through the SCSBs should ensure that the Application Form is submitted to a
Designated Branch of a SCSB where the ASBA Account is maintained.
(j) Upon receipt of the Application Form, the Designated Branch of the SCSB may verify if sufficient funds equal to
the Bid Amount are available in the ASBA Account, as mentioned in the Application Form.
(k) If sufficient funds are available in the ASBA Account, the SCSB may block an amount equivalent to the Bid
Amount mentioned in the Application Form and for application directly submitted to SCSB by investor, may enter
each Bid option into the electronic bidding system as a separate Bid.
(l) If sufficient funds are not available in the ASBA Account, the Designated Branch of the SCSB may not upload
such Application on the Stock Exchange platform and such Application are liable to be rejected.

(m) Upon submission of a completed Application Form each Applicants (not being a RII who has opted for the UPI
mechanism and provided a UPI ID with the Application Form) may be deemed to have agreed to block the entire Bid
Amount and authorized the Designated Branch of the SCSB to block the Bid Amount specified in the Application
Form in the ASBA Account maintained with the SCSBs. For details regarding blocking of Bid Amount for RIIs who
have provided a UPI ID with the Application Form please refer to paragraph 4.1.7.4.
(n) The Bid Amount may remain blocked in the aforesaid ASBA Account until finalisation of the Basis of Allotment
and consequent transfer of the Bid Amount against the Allotted Equity Shares to the Public Offer Account, or until
withdrawal or failure of the Offer, or until withdrawal or rejection of the Bid, as the case may be.
(o) SCSBs bidding in the Offer must apply through an Account maintained with any other SCSB; else their application
are liable to be rejected.

4.1.7.3 Unblocking of ASBA Account

a) Once the Basis of Allotment is approved by the Designated Stock Exchange, the Registrar to the Issue may provide
the following details to the controlling branches of each SCSB, along with instructions to unblock the relevant bank
accounts and for successful applications transfer the requisite money to the Public Issue Account designated for
this purpose, within the specified timelines: (i) the number of Equity Shares to be Allotted, if any, against each
Application, (ii) the amount to be transferred from the relevant bank account to the Public Issue Account, for each
Application, (iii) the date by which funds referred to in (ii) above may be transferred to the Public Issue Account,
and (iv) details of rejected/ non allotment / partial allotment ASBA Application, if any, along with reasons for
rejection and details of withdrawn or unsuccessful Application, if any, to enable the SCSBs to unblock the
respective bank accounts.
b) On the basis of instructions from the Registrar to the Issue, the SCSBs and Sponsor Bank may transfer the requisite
amount against each successful Application to the Public Issue Account and may unblock the excess amount, if
any, in the ASBA Account.
c) The Registrar to the Issue, based on information of bidding and blocking received from stock exchange, would
undertake reconciliation of the bid data and block confirmation corresponding to the bids by all investor category
applications (with and without the use of UPI) and prepare the basis of allotment. Applications made using third
party bank account or using third party linked bank account UPI ID are liable for rejection.
d) Upon approval of basis of allotment, Registrar to the Issue shall share the debit file with Sponsor Bank (through
Stock exchange) and SCSBs, as applicable, for credit of funds in the public issue account and unblocking of excess
funds in the RIIs account. The Sponsor bank based on the mandate approved by the RII at the time of blocking of
funds, will raise the debit / collect request from RIIs bank account, whereupon the funds will be transferred from
RIIs account to public issue account and remaining funds, if any, will be unblocked without any manual

18
 intervention by RII or his / her bank.

In the event of withdrawal or rejection of the Application Form and for unsuccessful Application, the Registrar to
the Issue may give instructions to the SCSB to unblock the Application Amount in the relevant ASBA Account
within 6 Working Days of the Issue Closing Date.

1.1.7.4 Additional Payment Instructions for RIIs application through Designated Intermediaries using the
UPI mechanism
a) Before submission of the application form with the Designated Intermediary, an RII shall download the mobile
app for UPI and create a UPI ID (xyz@bankname) of not more than 45 characters with its bank and link it to his/
her bank account where the funds equivalent to the application amount is available. RIIs shall also ensure that the
name of the mobile application and the UPI handle being used for making the application in the Offer are
appearing in the following path on SEBI website – www.sebi.gov.in:
Home » Intermediaries/Market Infrastructure Institutions » Recognised Intermediaries » list of mobile
applications for using UPI in public issues

It is clarified that if a RII makes an application through a UPI handle not covered in the prescribed list (as
mentioned in the path above), such an application is liable to be rejected.

b) RIIs shall ensure that the bank, with which it has its bank account, where the funds equivalent to the application
amount is available for blocking has been notified as Issuer Banks for UPI. A list of such banks is available at
the following path on SEBI website – www.sebi.gov.in:
Home » Intermediaries/Market Infrastructure Institutions » Recognised Intermediaries » Self Certified
Syndicate Banks eligible as Issuer Banks for UPI

It is clarified that if a RII makes an application using a bank account of an SCSB or bank which is not covered in
the prescribed list (as mentioned in the path above), such an application is liable to be rejected.
c) RIIs shall mention his / her UPI ID in the Application Form in capital letters and submit the Application Form to
any of the Designated Intermediaries.

d) The Designated Intermediary upon receipt of the Application Form will upload the details along with UPI ID in
the stock exchange bidding platform.

e) Once the bid has been entered into the Stock Exchange bidding platform, the stock exchange will validate the
PAN and Demat Account details of the RII with the Depository. The Depository will validate the aforesaid details
on a real time basis and send a response to the stock exchange which will be shared by the stock exchange with
the Designated Intermediary through its bidding platform, for corrections, if any.

f) Once the bid details have been validated by the Depository, the stock exchange will, on a continuous basis,
electronically share the bid details along with the UPI ID of the concerned RII with the Sponsor Bank appointed
by the Issuer.

g) The Sponsor Bank will validate the UPI ID of the RII before initiating the Mandate request.

h) The Sponsor Bank after validating the UPI ID will initiate a UPI Mandate Request for valid UPI ID on the RII
which will be electronically received by the RII as an SMS / intimation on his / her mobile number / mobile app
associated with the UPI ID linked account. The RII shall ensure that the details of the Bid are correct by opening
the attachment in the UPI Mandate Request and then proceed to authorise the UPI Mandate Request using his/her
UPI PIN. Upon the authorization of the mandate using his/her UPI PIN, an RII may be deemed to have verified
the attachment containing the application details of the RII in the UPI Mandate Request and have agreed to block
the entire Bid Amount and authorized the Sponsor Bank to block the Bid Amount mentioned in the Bid Cum
Application Form and subsequent debit in case of allotment.

i) Upon successful validation of the block request by the RII, the said information would be electronically received
by the RII’s bank, where the funds, equivalent to the application amount would get blocked in the ASBA Account
of the RII. Intimation regarding confirmation of such blocking of funds in the ASBA Account of the RII would

19
 also be received by the RII. Information on the block status request would be shared with the Sponsor Bank which
in turn would share it with the stock exchange which in turn would share it with the Registrar in the form of a file
for the purpose of reconciliation and display it on the stock exchange bidding platform for the information of the
Designated Intermediary.

j) RIIs may continue to modify or withdraw the application till the closure of the Bidding Period. For each
modification of the application, the RII will submit a revised application and will receive a new UPI Mandate
Request from the Sponsor Bank to be validated as per the process indicated above.

k) RIIs to check the correctness of the details on the mandate received before approving the Mandate Request.

l) Post closure of the Issue, the stock exchange will share the Bid details with the Registrar along with the final file
received from the Sponsor Bank containing status of blocked funds or otherwise, along with the ASBA Account
details with respect to applications made by RIIs using UPI ID.

4.1.7.4 Discount (if applicable)

a) The Discount is stated in absolute rupee terms.

b) RIIs, Employees and Retail Individual Shareholders are only eligible for discount. For Discounts offered in the
Issue, applicants may refer to the Prospectus.
c) The Applicants entitled to the applicable Discount in the Issue may make payment for an amount i.e. the
Application Amount less Discount (if applicable).

4.1.7.5 Additional Payment Instructions for NRIs

The Non-Resident Indians who intend to make payment through Non-Resident Ordinary (NRO) accounts shall use
the form meant for Resident Indians (non-repatriation basis). In the case of applications by NRIs applying on a
repatriation basis, payment shall not be accepted out of NRO Account.

4.1.8 FIELD NUMBER 8: SIGNATURES AND OTHER AUTHORISATIONS

a) Only the First Applicant is required to sign the Application Form. Applicants should ensure that signatures are in
one of the languages specified in the Eighth Schedule to the Constitution of India.
b) If the ASBA Account is held by a person or persons other than the ASBA Applicant., then the Signature of
the ASBA Account holder(s) is also required.
c) In relation to the ASBA Applications, signature has to be correctly affixed in the authorization/undertaking box
in the Application Form, or an authorization has to be provided to the SCSB via the electronic mode, for blocking
funds in the ASBA Account equivalent to the application amount mentioned in the Application Form.
d) Applicants must note that Application Form without signature of Applicant and /or ASBA Account holder is liable
to be rejected.

4.1.9 ACKNOWLEDGEMENT AND FUTURE COMMUNICATION

a) Applicants should ensure that they receive the acknowledgment duly signed and stamped by an Application
Collecting Intermediaries, as applicable, for submission of the Application Form.
b) All communications in connection with Applications made in the Issue should be addressed as under:
i. In case of queries related to Allotment, non-receipt of Allotment Advice, credit of allotted equity shares, the
Applicants should contact the Registrar to the Issue.
ii. In case of Applications submitted to the Designated Branches of the SCSBs, the Applicants should contact
the relevant Designated Branch of the SCSB.
iii. Applicant may contact the Company Secretary and Compliance Officer or LM(s) in case of any other
complaints in relation to the Issue.
c) The following details (as applicable) should be quoted while making any queries –
i. full name of the sole or First Bidder/Applicant, Bid cum Application Form number, Applicants’/Bidders’
DP ID, Client ID, PAN, number of Equity Shares applied for, amount paid on application.

20
 ii. name and address of the Designated Intermediary, where the Bid was submitted along with the
acknowledgment slip from Designated Intermediary or
iii. Bids, ASBA Account number or the UPI ID (for RIIs who make the payment of Bid Amount through the
UPI mechanism) linked to the ASBA Account where the Bid Amount was blocked.

For further details, Applicant may refer to the Prospectus and the Application Form.

4.2 INSTRUCTIONS FOR FILING THE REVISION FORM

a) During the Issue Period, any Applicant (other than QIBs and NIIs, who can only revise their application
amount upwards) who has registered his or her interest in the Equity Shares for a particular number of shares is
free to revise number of shares applied using revision forms available separately.
b) RII may revise or withdraw their applications till closure of the Issue period.
c) Revisions can be made only in the desired number of Equity Shares by using the Revision Form.
d) The Applicant can make this revision any number of times during the Issue Period. However, for any revision(s)
in the Application, the Applicants will have to use the services of the SCSB through which such Applicant had
placed the original Application. It is clarified that RIIs whose original Bid is made using the UPI mechanism,
can make revision(s) to their Bid using the UPI mechanism only, whereby each time the Sponsor Bank will
initiate a new UPI Mandate Request. Bidders are advised to retain copies of the blank Revision Form and the
Bid(s) must be made only in such Revision Form or copies thereof.

A sample Revision form is reproduced below:

21
REVISION FORM-R

22
REVISION FORM-NR

23
Other than instructions already highlighted at paragraph 4.1 above, point wise instructions regarding filling up
various fields of the Revision Form are provided below:

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

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

4.2.2 FIELD 4 & 5: APPLICATION REVISION “FROM” AND “TO"

a) Apart from mentioning the revised number of shares in the Revision Form, the Applicant must also mention
the details of shares applied for given in his or her Application Form or earlier Revision Form.
b) In case of revision of applications by RIIs, Employees and Retail Individual Shareholders, such Applicants
should ensure that the application amount should exceed Rs. 2,00,000/- due to revision and the application may
be considered, subject to eligibility, for allocation under the Non-Institutional Category.

4.2.3 FIELD 6: PAYMENT DETAILS

a) All Applicants are required to make payment of the full application amount along with the Revision Form.
b) Applicant may Issue instructions to block the revised amount in the ASBA Account of the of the UPI Linked
Bank Account, to Designated Branch through whom such Applicant had placed the original application to
enable the relevant SCSB to block the additional application amount, if any. Sponsor Bank to initiate request
for blocking of funds to investor

4.2.4 FIELDS 7: SIGNATURES AND ACKNOWLEDGEMENTS

Applicants may refer to instructions contained at paragraphs 4.1.8 and 4.1.9 for this purpose.

4.3 SUBMISSION OF REVISION FORM/ APPLICATION FORM

All Applicants may submit completed application form / Revision Form to the Application Collecting Intermediaries
or Designated branches of the SCSBs where the ASBA Account is maintained or as mentioned in the Prospectus/
Application Form.

SECTION 5: ISSUE PROCEDURE IN FIXED PRICE ISSUE

5.1 APPLICANTS MAY NOTE THAT THERE IS NO BID CUM APPLICATION FORM IN A FIXED
PRICE ISSUE

As the Issue Price is mentioned in the Fixed Price Issue therefore on filing of the Prospectus with the RoC, the
Application so submitted is considered as the application form.

All Applicants may submit an Application Form either in physical form or electronic form to the Application
Collecting Intermediaries or Designated Branches of the SCSBs authorising blocking of funds that are available in
the bank account specified in the Application Form only (“ASBA Account”). The Application Form is also made
available on the websites of the Stock Exchanges at least one day prior to the Issue Opening Date.

In a fixed price Issue, allocation in the net offer to the public category is made as follows: minimum fifty per
cent to Retail Individual Investors; and remaining to (i) individual investors other than Retail Individual Investors;
and (ii) other Applicants including corporate bodies or institutions, irrespective of the number of specified
securities applied for. The unsubscribed portion in either of the categories specified above may be allocated to
the Applicants in the other category.

5.2 GROUNDS OF REJECTIONS

Applicants are advised to note that Applications are liable to be rejected inter alia on the following technical
grounds:
• Amount blocked does not tally with the amount payable for the highest value of Equity Shares applied for;

24
• In case of partnership firms, Equity Shares may be registered in the names of the individual partners and no
firm as such shall be entitled to apply;
• Application by persons not competent to contract under the Indian Contract Act, 1872 including minors,
insane persons;
• PAN not mentioned in the Application Form;
• GIR number furnished instead of PAN;
• Applications for lower number of Equity Shares than specified for that category of investors;
• Applications at a price other than the Fixed Price of The Issue;
• Applications for number of Equity Shares which are not in multiples of 2000;
• Category not ticked;
• Multiple Applications as defined in the Prospectus;
• In case of Application under power of attorney or by limited companies, corporate, trust etc., where relevant
documents are not submitted;
• Applications accompanied by Stock invest/ money order/ postal order/ cash/cheque/demand draft/pay order;
• Signature of sole Applicant is missing;
• Application Forms are not delivered by the Applicant within the time prescribed as per the Application
Forms, Issue Opening Date advertisement and the Prospectus and as per the instructions in the Prospectus
and the Application Forms;
• In case no corresponding record is available with the Depositories that matches three parameters namely,
names of the Applicants (including the order of names of joint holders), the Depository Participant's identity
(DP ID) and the beneficiary's account number;
• Applications for amounts greater than the maximum permissible amounts prescribed by the regulations;
• Applications by OCBs;
• Applications by US persons other than in reliance on Regulation S or "qualified institutional buyers" as defined
in Rule 144A under the Securities Act;
• In case of applications by Individual, the details such as name, date and similar compulsory details as indicated
in the application form are missing.
• Applications not duly signed by the sole/first Applicant;
• Applications by any persons outside India if not in compliance with applicable foreign and Indian laws;
• Applications that do not comply with the securities laws of their respective jurisdictions are liable to be
rejected;
• Applications by persons prohibited from buying, selling or dealing in the shares directly or indirectly by SEBI
or any other regulatory authority;
• Applications by persons who are not eligible to acquire Equity Shares of our Company in terms of all applicable
laws, rules, regulations, guidelines, and approvals;
• Applications or revisions thereof by QIB Applicants, Non-Institutional Applicants where the Application
Amount is in excess of Rs. 2,00,000, received after 3.00 pm on the Issue Closing Date, unless the extended
time is permitted by NSE;
• Applications not containing the details of Bank Account and/ or Depositories Account.
• ASBA Account number or UPI ID not mentioned or incorrectly mentioned in the Application
Form/Application Form;
• Submission of more than Application Form per UPI ID by RIIs bidding through Designated Intermediaries
• In case of applications by RIIs (applying through the UPI mechanism), the UPI ID mentioned in the
Application Form is linked to a third party bank account;
• The UPI Mandate is not approved by Retail Individual Investor; and
• The original Application is made using the UPI mechanism and revision(s) to the Application is made using
ASBA either physically or online through the SCSB, and vice- versa.

For details of instructions in relation to the Application Form, Applicants may refer to the relevant section of the
GID.

APPLICANTS SHOULD NOTE THAT IN CASE THE PAN, THE DP ID AND CLIENT ID MENTIONED
IN THE APPLICATION FORM AND ENTERED INTO THE ELECTRONIC APPLICATION SYSTEM
OF THE STOCK EXCHANGES BY THE APPLICATION COLLECTING INTERMEDIARIES DO NOT
MATCH WITH PAN, THE DP ID AND CLIENT ID AVAILABLE IN THE DEPOSITORY DATABASE,
THE APPLICATION FORM IS LIABLE TO BE REJECTED.

SECTION 6: ISSUE PROCEDURE IN BOOK BUILT ISSUE

This being Fixed Price Issue, this section is not applicable for this Issue.

25
 SECTION 7: ALLOTMENT PROCEDURE AND BASIS OF ALLOTMENT

7.1 BASIS OF ALLOTMENT

Allotment will be made in consultation with the EMERGE platform of NSE (The Designated Stock Exchange). In
the event of oversubscription, the allotment will be made on a proportionate basis in marketable lots as set forth
hereunder:
a) The total number of Shares to be allocated to each category as a whole shall be arrived at on a proportionate
basis i.e. the total number of Shares applied for in that category multiplied by the inverse of the over
subscription ratio (number of Applicants in the category x number of Shares applied for).
b) The number of Shares to be allocated to the successful Applicants will be arrived at on a proportionate
basis in marketable lots (i.e. Total number of Shares applied for into the inverse of the over subscription ratio).
c) For applications where the proportionate allotment works out to less than 2000 equity shares the allotment
will be made as follows:

i. Each successful Applicant shall be allotted 2000 equity shares; and

ii. The successful Applicants out of the total applicants for that category shall be determined by the drawl
of lots in such a manner that the total number of Shares allotted in that category is equal to the number
of Shares worked out as per (2) above.
d) If the proportionate allotment to an Applicant works out to a number that is not a multiple of 2000 equity
shares, the Applicant would be allotted Shares by rounding off to the nearest multiple of 2000 equity shares
subject to a minimum allotment of 2000 equity shares.
e) If the Shares allotted on a proportionate basis to any category is more than the Shares allotted to the
Applicants in that category, the balance available Shares or allocation shall be first adjusted against any
category, where the allotted Shares are not sufficient for proportionate allotment to the successful Applicants
in that category, the balance Shares, if any, remaining after such adjustment will be added to the category
comprising Applicants applying for the minimum number of Shares.

If as a result of the process of rounding off to the nearest multiple of 2000 equity shares, results in the
actual allotment being higher than the shares offered, the final allotment may be higher at the sole discretion
of the Board of Directors, up to 110% of the size of the offer specified under the Capital Structure
mentioned in the Prospectus.
f) The above proportionate allotment of Shares in an Issue that is oversubscribed shall be subject to the
reservation for Retail individual Applicants as described below:
i. As per Regulation 253 of SEBI (ICDR), as the retail individual investor category is entitled to more than
fifty per cent on proportionate basis, the retail individual investors shall be allocated that higher percentage.
ii. The balance net offer of shares to the public shall be made available for allotment to
• individual applicants other than retails individual investors and
• other investors, including corporate bodies/ institutions irrespective of number of shares applied for.
iii. The unsubscribed portion of the net offer to any one of the categories specified in a) or b) shall/may
be made available for allocation to applicants in the other category, if so required.

'Retail Individual Investor' means an investor who applies for shares of value of not more than Rs. 2,00,000/ -.
Investors may note that in case of over subscription allotment shall be on proportionate basis and will be
finalized in consultation with EMERGE platform of NSE.

The Executive Director / Managing Director of NSE - the Designated Stock Exchange in addition to Lead
Manager and Registrar to the Public Issue shall be responsible to ensure that the basis of allotment is finalized
in a fair and proper manner in accordance with the SEBI (ICDR) Regulations.

7.2 DESIGNATED DATE AND ALLOTMENT OF EQUITY SHARES

a. Designated Date: On the Designated Date, the Escrow Collection Banks shall transfer the funds represented by
allocation of Equity Shares from the Escrow Account, as per the terms of the Escrow Agreement, into the Public
Issue Account with the Bankers to the Issue.
b. Issuance of Allotment Advice: Upon approval of the Basis of Allotment by the Designated Stock Exchange,
the Registrar shall upload the same on its website. On the basis of the approved Basis of Allotment, the Issuer
shall pass necessary corporate action to facilitate the Allotment and credit of Equity Shares. Applicants are
advised to instruct their Depository Participant to accept the Equity Shares that may be allotted to them pursuant

26
 to the Issue.
Pursuant to confirmation of such corporate actions, the Registrar will dispatch Allotment Advice to the
Applicants who have been Allotted Equity Shares in the Issue.
c. The dispatch of Allotment Advice shall be deemed a valid, binding and irrevocable contract.
d. Issuer will ensure that: (i) the Allotment of Equity Shares; and (ii) initiate corporate action for credit of shares
to the successful Applicants Depository Account will be completed within one Working Day of the Issue
Closing Date. The Issuer also ensures the credit of shares to the successful Applicant’s depository account is
completed within one Working Days from the date of Allotment, after the funds are transferred from the Escrow
Account to the Public Issue Account on the Designated Date.

SECTION 8: INTEREST AND REFUNDS

8.1 COMPLETION OF FORMALITIES FOR LISTING & COMMENCEMENT OF TRADING

The Issuer may ensure that all steps for the completion of the necessary formalities for listing and commencement
of trading at all the Stock Exchanges are taken within 3 Working Days of the Issue Closing Date. The Registrar to
the Issue may give instructions for credit to Equity Shares the beneficiary account or UPI linked account number
with DPs, and dispatch the Allotment Advice within 3 Working Days of the Issue Closing Date.

8.2 GROUNDS FOR REFUND

8.2.1 NON-RECEIPT OF LISTING PERMISSION

An Issuer makes an application to the Stock Exchange(s) for permission to deal in/list and for an official quotation
of the Equity Shares. All the Stock Exchanges from where such permission is sought are disclosed in Prospectus.
The Designated Stock Exchange may be as disclosed in the Prospectus with which the Basis of Allotment may be
finalized.

If the Issuer fails to make application to the Stock Exchange(s) and obtain permission for listing of the Equity
Shares, in accordance with the provisions of Section 40 of the Companies Act, 2013, the Issuer may be punishable
with a fine which shall not be less than ₹ 5 lakhs but which may extend to ₹ 50 lakhs and every officer of the
Issuer who is in default shall be punishable with fine which shall not be less than ₹ 50,000 but which may extend
to ₹ 3 lakhs.

If the permissions to deal in and for an official quotation of the Equity Shares are not granted by any of the Stock
Exchange(s), the Issuer may forthwith repay, without interest, all moneys received from the Applicants in pursuance
of the Prospectus.

If such money is not repaid within four days after the Issuer becomes liable to repay it, then the Issuer and every
director of the Issuer who is an officer in default may, on and from such expiry of four days, be liable to repay the
money, with interest at the rate of fifteen percent per annum. The lead manager shall ensure that the monies received
in respect of the issue are released to the issuer in compliance with the provisions of the Section 40 (3) of the
Companies Act, 2013, as applicable.

8.2.2 MINIMUM SUBSCRIPTION

This Issue is not restricted to any minimum subscription level. This Issue is 100% underwritten. As per Section 39
of the Companies Act, 2013, if the “stated minimum amount” has not be subscribed and the sum payable on
application is not received within a period of 30 days from the date of the Prospectus, the application money has to
be returned within such period as may be prescribed.

If the issuer does not receive the subscription of hundred per cent (100%) of the Issue through Prospectus on the date
of closure of the issue including devolvement of underwriters, if any, or if the subscription level falls below hundred
per cent (100%) after the closure of issue on account of withdrawal of applications, or after technical rejections, or
if the listing or trading permission is not obtained from the stock exchange for the securities so Issued under the
Prospectus, the issuer shall forthwith refund the entire subscription amount received failing to which the entire
application monies shall be refunded forthwith, in accordance with the SEBI ICDR Regulations and other applicable
laws. If there is a delay beyond four days after the Issuer becomes liable to pay the amount, the Issuer shall pay

27
 interest at the rate of fifteen per cent per annum.

Further in accordance with Regulation 267(2) of the SEBI (ICDR) Regulations, our Company shall ensure that
the minimum application size in terms of number of specified securities shall not be less than Rs.1,00,000/-
(Rupees One Lakh) per application.

The equity shares have not been and will not be registered, listed or otherwise qualified in any other jurisdiction
outside India and may not be offered or sold, and applications may not be made by persons in any such jurisdiction,
except in compliance without the applicable laws of such jurisdiction.

8.2.3 MINIMUM NUMBER OF ALLOTTEES

The Issuer may ensure that the number of prospective Allottee’s to whom Equity Shares may be allotted may not
be less than 50 failing which the entire application monies may be refunded forthwith.

8.3 MODE OF REFUND

Mode of refunds
i. In case of ASBA Bids: Within four Working Days of the Bid/Offer Closing Date, the Registrar to the Offer
may give instructions to SCSBs or in case of Bids by RIIs applying through the UPI mechanism to the Sponsor
Bank to revoke the mandate and for unblocking the amount for unsuccessful Bids or for any excess amount
blocked on Bidding.
ii. In case of Anchor Investors: Within four Working Days of the Bid/Offer Closing Date, the Registrar to the
Offer may dispatch the refund orders for all amounts payable to unsuccessful Anchor Investors.
iii. In case of Anchor Investors, the Registrar to the Offer may obtain from the depositories the Bidders’ bank
account details, including the MICR code, on the basis of the DP ID, Client ID and PAN provided by the
Anchor Investors in their Bid cum Application Forms for refunds. Accordingly, Anchor Investors are advised
to immediately update their details as appearing on the records of their depositories. Failure to do so may
result in delays in dispatch of refund orders or refunds through electronic transfer of funds, as applicable, and
any such delay may be at the Anchor Investors’ sole risk and neither the Issuer, the Registrar to the Offer, the
Escrow Collection Banks, or the Syndicate, may be liable to compensate the Anchor Investors for any losses
caused to them due to any such delay, or liable to pay any interest for such delay. Please note that refunds
shall be credited only to the bank account from which the Bid Amount was remitted to the Escrow Bank.
iv. In the case of Bids from Eligible NRI Bidders and FPIs, refunds, if any, may generally be payable in Indian
Rupees only and net of bank charges and/or commission. If so desired, such payments in Indian Rupees may
be converted into U.S. Dollars or any other freely convertible currency as may be permitted by the RBI at the
rate of exchange prevailing at the time of remittance and may be dispatched by registered post. The Company
may not be responsible for loss, if any, incurred by the Bidder/Applicant on account of conversion of foreign
currency.

8.3.1 Electronic mode of making refunds for Anchor Investors

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

a. NACH—National Automated Clearing House is a consolidated system of ECS. Payment of refund would be
done through NACH for Anchor Investors having an account at any of the centres specified by the RBI where
such facility has been made available. This would be subject to availability of complete bank account details
including Magnetic Ink Character Recognition (MICR) code wherever applicable from the depository. The
payment of refund through NACH is mandatory for Anchor Investors having a bank account at any of the
centres where NACH facility has been made available by the RBI (subject to availability of all information
for crediting the refund through NACH including the MICR code as appearing on a cheque leaf, from the
depositories), except where the applicant is otherwise disclosed as eligible to get refunds through NEFT or
Direct Credit or RTGS;
b. NEFT—Payment of refund may be undertaken through NEFT wherever the branch of the Anchor Investors’
bank is NEFT enabled and has been assigned the Indian Financial System Code (“IFSC”), which can be
linked to the MICR of that particular branch. The IFSC may be obtained from the website of RBI as at a date
prior to the date of payment of refund, duly mapped with MICR numbers. Wherever the Anchor Investors
have registered their nine- digit MICR number and their bank account number while opening and operating
the demat account, the same may be duly mapped with the IFSC of that particular bank branch and the
payment of refund may be made to the Anchor Investors through this method. In the event NEFT is not

28
 operationally feasible, the payment of refunds may be made through any one of the other modes as discussed
in this section;
c. Direct Credit—Anchor Investors having their bank account with the Refund Banker may be eligible to
receive refunds, if any, through direct credit to such bank account; and
d. RTGS—Anchor Investors having a bank account with a bank branch which is RTGS enabled as per the
information available on the website of RBI and whose refund amount exceeds ₹ 0.2 million, shall be eligible
to receive refund through RTGS, provided the Demographic Details downloaded from the Depositories
contain the nine-digit MICR code of the Anchor Investor’s bank which can be mapped with the RBI data to
obtain the corresponding IFSC. Charges, if any, levied by the Anchor Escrow Bank for the same would be
borne by our Company. Charges, if any, levied by the Anchor Investor’s bank receiving the credit would be
borne by the Anchor Investor.

Please note that refunds through the abovementioned modes shall be credited only to the bank account from which
the Bid Amount was remitted to the Escrow Bank.

For details of levy of charges, if any, for any of the above methods, Bank charges, if any, for cashing such cheques,
pay orders or demand drafts at other centers etc. Bidders/Applicants may refer to RHP/Prospectus.

8.4 INTEREST IN CASE OF DELAY IN ALLOTMENT OR REFUND

The Issuer shall make the Allotment within the period prescribed by SEBI. In case of any delay in unblocking of
amounts in the ASBA Accounts (including amounts blocked through the UPI Mechanism) exceeding four
Working Days from the Bid/ Issue Closing Date, the applicant shall be compensated in accordance with applicable
law, i.e. the applicant shall be compensated at a uniform rate of Rs. 100.00 per day for the entire duration of delay
exceeding three (3) working days from the Offer Closing Date by the intermediary responsible for causing such
delay in unblocking. The Lead Manager shall, in their sole discretion, identify and fix the liability on such
intermediary or entity responsible for such delay in unblocking.

Further, Investors shall be entitled to compensation in the manner specified in the SEBI circular no.
SEBI/HO/CFD/DIL1/CIR/P/2021/47 dated March 31, 2021 and SEBI circular no.
SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021, as amended pursuant to SEBI circular no.
SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021, as amended pursuant to SEBI circular no.
SEBI/HO/CFD/DIL2/CIR/P/2022/51 dated April 20, 2022 and SEBI circular no
SEBI/HO/CFD/DIL2/P/CIR/2022/75 dated May 30, 2022 in case of delays in resolving investor grievances in
relation to blocking/unblocking of funds.

SECTION 9: GLOSSARY AND ABBREVIATIONS

Unless the context otherwise indicates or implies, certain definitions and abbreviations used in this document may
have the meaning as provided below. References to any Legislation, act or regulation may be to such Legislation,
act or regulation as amended from time to time.
Term Description
Allotment/ Allot/ Allotted The allotment of Equity Shares pursuant to the Issue to successful Bidders/Applicants
Allottee An Bidder/Applicant to whom the Equity Shares are Allotted
Allotment Advice Note or advice or intimation of Allotment sent to the Bidders/Applicants who have been
allotted Equity Shares after the Basis of Allotment has been approved by the designated
Stock Exchanges
Anchor Investor A Qualified Institutional Buyer, applying under the Anchor Investor Portion in
accordance with the requirements specified in SEBI ICDR Regulations, 2018.
Anchor Investor Portion Up to 30% of the QIB Category which may be allocated by the Issuer in consultation
with the BRLMs, to Anchor Investors on a discretionary basis. One-third of the Anchor
Investor Portion is reserved for domestic Mutual Funds, subject to valid Bids being
received from domestic Mutual Funds at or above the price at which allocation is being
done to Anchor Investors
Application Form The form in terms of which the Applicant should make an application for Allotment in
case of issues other than Book Built Issues, includes Fixed Price Issue

29
Term Description
Application Supported by An application, whether physical or electronic, used by Bidders/Applicants to make a
Blocked Amount/ Bid authorising an SCSB to block the Bid Amount in the specified bank account
(ASBA)/ASBA maintained with such SCSB
ASBA Account Account maintained with an SCSB which may be blocked by such SCSB to the extent
of the Bid Amount of the ASBA Bidder/Applicant
ASBA Bid A Bid made by an ASBA Bidder
ASBA Bidder/Applicant Prospective Bidders/Applicants in the Issue who Bid/apply through ASBA
Banker(s) to the Issue/ The banks which are clearing members and registered with SEBI as Banker to the Issue
Escrow Collection with whom the Escrow Account(s) may be opened, and as disclosed in the Offer
Bank(s)/ Collecting Document and Bid cum Application Form of the Issuer
Banker
Basis of Allotment The basis on which the Equity Shares may be Allotted to successful Bidders/Applicants
under the Issue
Bid An indication to make an offer during the Bid/Issue Period by a prospective Bidder
pursuant to submission of Bid cum Application Form or during the Anchor Investor
Bid/Issue Period by the Anchor Investors, to subscribe for or purchase the Equity Shares
of the Issuer at a price within the Price Band, including all revisions and modifications
thereto. In case of issues undertaken through the fixed price process, all references to a
Bid should be construed to mean an Application
Bid /Issue Closing Date The date after which the Syndicate, Registered Brokers and the SCSBs may not accept
any Bids for the Issue, which may be notified in an English national daily, a Hindi
national daily and a regional language newspaper at the place where the registered office
of the Issuer is situated, each with wide circulation. Applicants/bidders may refer to the
Offer Document for the Bid/ Issue Closing Date
Bid/Issue Opening Date The date on which the Syndicate and the SCSBs may start accepting Bids for the Issue,
which may be the date notified in an English national daily, a Hindi national daily and a
regional language newspaper at the place where the registered office of the Issuer is
situated, each with wide circulation. Applicants/bidders may refer to the Offer Document
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 during which
prospective Bidders/Applicants (other than Anchor Investors) can submit their Bids,
inclusive of any revisions thereof. The Issuer may consider closing the Bid/ Issue Period
for QIBs one working day prior to the Bid/Issue Closing Date in accordance with the
SEBI ICDR Regulations, 2018. Applicants/bidders may refer to the Offer Document for
the Bid/ Issue Period
Bid Amount The highest value of the optional Bids indicated in the Bid cum Application Form and
payable by the Bidder/Applicant upon submission of the Bid (except for Anchor
Investors), less discounts (if applicable). In case of issues undertaken through the fixed
price process, all references to the Bid Amount should be construed to mean the
Application Amount
Bid cum Application The form in terms of which the Bidder/Applicant should make an offer to subscribe for
Form or purchase the Equity Shares and which may be considered as the application for
Allotment for the purposes of the Prospectus, whether applying through the ASBA or
otherwise. In case of issues undertaken through the fixed price process, all references to
the Bid cum Application Form should be construed to mean the Application Form
Bidder/Applicant Any prospective investor (including an ASBA Bidder/Applicant) who makes a Bid
pursuant to the terms of the Offer Document and the Bid cum Application Form. In case
of issues undertaken through the fixed price process, all references to a Bidder/Applicant
should be construed to mean an Bidder/Applicant

30
Term Description
Book Built Process/ Book The book building process as provided under SEBI ICDR Regulations, 2018, in terms
Building Process/ Book of which the Issue is being made
Building Method
Broker Centres Broker centres notified by the Stock Exchanges, where Bidders/Applicants can submit
the Bid cum Application Forms/Application Form to a Registered Broker. The details of
such broker centres, along with the names and contact details of the Registered Brokers
are available on the websites of the Stock Exchanges.
BRLM(s)/ Book Running The Book Running Lead Manager to the Issue as disclosed in the Offer Document and
Lead Manager(s)/Lead the Bid cum Application Form of the Issuer. In case of issues undertaken through the
Manager/ LM fixed price process, all references to the Book Running Lead Manager should be
construed to mean the Lead Manager or LM
Business Day Monday to Friday (except public holidays)
CAN/Confirmation of The note or advice or intimation sent to each successful Bidder/Applicant indicating the
Allotment Note Equity Shares which may be Allotted, after approval of Basis of Allotment by the
Designated Stock Exchange
Cap Price The higher end of the Price Band, above which the Issue Price and the Anchor Investor
Issue 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 relation to
demat account.
Companies Act The Companies Act, 2013
Cut-off Price Issue Price, finalised by the Issuer in consultation with the Book Running Lead
Manager(s), which can be any price within the Price Band. Only RIIs, Retail Individual
Shareholders and employees are entitled to Bid at the Cut-off Price. No other category
of Bidders/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
Demographic Details Details of the Bidders/Applicants including the Bidder/Applicant’s address, name of the
Applicant’s father/husband, investor status, occupation and bank account details
Designated Branches Such branches of the SCSBs which may collect the Bid cum Application Forms used by
the ASBA Bidders/Applicants applying through the ASBA and a list of which is
availableonhttps://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=
yes&intmId=35
Designated Date The date on which funds are transferred by the Escrow Collection Bank(s) from the
Escrow Account or the amounts blocked by the SCSBs are transferred from the ASBA
Accounts, as the case may be, to the Public Issue Account or the Refund Account, as
appropriate, after the Prospectus is filed with the RoC, following which the board of
directors may Allot Equity Shares to successful Bidders/Applicants in the fresh Issue
may give delivery instructions for the transfer of the Equity Shares constituting the Offer
for Sale
Designated Stock The designated stock exchange as disclosed in the Offer Document of the Issuer
Exchange
Discount Discount to the Issue Price that may be provided to Bidders/Applicants in accordance
with the SEBI ICDR Regulations, 2018.
Prospectus The Prospectus filed with SEBI in case of Fixed Price Issues and which may mention a
price or a Price Band

31
Term Description
Employees Employees of an Issuer as defined under SEBI ICDR Regulations, 2018 and including,
in case of a new company, persons in the permanent and full-time employment of the
promoting companies excluding the promoters and immediate relatives of the promoter.
For further details Bidder/Applicant may refer to the Offer Document.
Equity Shares Equity shares of the Issuer
Escrow Account Account opened with the Escrow Collection Bank(s) and in whose favour the
Bidders/Applicants (excluding the ASBA Bidders/Applicants) may Issue cheques or
drafts in respect of the Bid Amount when submitting a Bid
Escrow Agreement Agreement to be entered into among the Issuer, the Registrar to the Issue, the Book
Running Lead Manager(s), the Syndicate Member(s), the Escrow Collection Bank(s)
and the Refund Bank(s) for collection of the Bid Amounts and where applicable,
remitting refunds of the amounts collected to the Bidders/Applicants (excluding the
ASBA Bidders/Applicants) on the terms and conditions thereof
Escrow Collection Refer to definition of Banker(s) to the Issue
Bank(s)
FCNR Account Foreign Currency Non-Resident Account
First Bidder/Applicant The Bidder/Applicant whose name appears first in the Bid cum Application Form or
Revision Form
FII(s) Foreign Institutional Investors as defined under SEBI (Foreign Institutional Investors)
Regulations, 1995 and registered with SEBI under applicable laws in India
Fixed Price Issue/Fixed The Fixed Price process as provided under SEBI ICDR Regulations, 2018, in terms of
Price Process/Fixed Price which the Issue is being made
Method
Floor Price The lower end of the Price Band, at or above which the Issue Price and the Anchor
Investor Issue Price may be finalised and below which no Bids may be accepted, subject
to any revision thereto
FPO Further public offering
Foreign Venture Capital Foreign Venture Capital Investors as defined and registered with SEBI under the SEBI
Investors or FVCIs (Foreign Venture Capital Investors) Regulations, 2000
IPO Initial public offering
Issue Public Issue of Equity Shares of the Issuer including the Offer for Sale if applicable
Issuer/ Company The Issuer proposing the initial public offering/further public offering as applicable
Issue Price The final price, less discount (if applicable) at which the Equity Shares may be Allotted
in terms of the Prospectus. The Issue Price may be decided by the Issuer in consultation
with the Book Running Lead Manager(s).
KPI Key Performance Indicators
Maximum RII Allottees The maximum number of RIIs who can be allotted the minimum Bid Lot. This is
computed by dividing the total number of Equity Shares available for Allotment to RIIs
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 Funds Portion 5% of the QIB Category (excluding the Anchor Investor Portion) available for allocation
to Mutual Funds only, being such number of equity shares as disclosed in the Offer
Document and Bid cum Application Form

32
Term Description
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 offer or
invitation under the Issue and in relation to whom the Offer Document constitutes an
invitation to subscribe to or purchase the Equity Shares
NRO Account Non-Resident Ordinary Account
Net Issue The Issue less reservation portion
Non-Institutional All Bidders/Applicants, including sub accounts of FIIs registered with SEBI which are
Investors or NIIs foreign corporate or foreign individuals, that are not QIBs or RIBs and who have Bid for
Equity Shares for an amount of more than Rs. 200,000 (but not including NRIs other
than Eligible NRIs)
Non-Institutional The portion of the Issue being such number of Equity Shares available for allocation to
Category NIIs on a proportionate basis and as disclosed in the Offer Document and the Bid cum
Application Form
Non-Resident A person resident outside India, as defined under FEMA and includes Eligible NRIs,
FIIs registered with SEBI and FVCIs registered with SEBI
OCB/Overseas Corporate A company, partnership, society or other corporate body owned directly or indirectly to
Body the extent of at least 60% by NRIs including overseas trusts, in which not less than 60%
of beneficial interest is irrevocably held by NRIs directly or indirectly and which was in
existence on October 3, 2003 and immediately before such date had taken benefits under
the general permission granted to OCBs under FEMA
Offer for Sale Public offer of such number of Equity Shares as disclosed in the Offer Document
through an offer for sale by the Selling Shareholder
Other Investors Investors other than Retail Individual Investors in a Fixed Price Issue. These include
individual applicants other than retail individual investors and other investors including
corporate bodies or institutions irrespective of the number of specified securities applied
for.
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 minimum Bid lot
size for the Issue may be decided by the Issuer in consultation with the Book Running
Lead Manager(s) and advertised, at least two working days in case of an IPO and one
working day in case of FPO, prior to the Bid/ Issue Opening Date, in English national
daily, Hindi national daily and regional language at the place where the 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 Lead Manager(s),
finalise the Issue Price
Prospectus The Prospectus to be filed with the RoC in accordance with Section 26 of the Companies
Act after the Pricing Date, containing the Issue Price ,the size of the Issue and certain
other information
Public Issue Account An account opened with the Banker to the Issue to receive monies from the Escrow
Account and from the ASBA Accounts on the Designated Date
Qualified Financial Non-Resident investors, other than SEBI registered FIIs or sub-accounts or SEBI
Investors or QFIs registered FVCIs, who meet ‘know your client’ requirements prescribed by SEBI and
are resident in a country which is (i) a member of Financial Action Task Force or a
member of a group which is a member of Financial Action Task Force; and (ii) a

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Term Description
signatory to the International Organisation of Securities Commission’s Multilateral
Memorandum of Understanding or a signatory of a bilateral memorandum of
understanding with SEBI.
Provided that such non-resident investor shall not be resident in country which is listed
in the public statements issued by Financial Action Task Force from time to time on: (i)
jurisdictions having a strategic anti-money laundering/combating the financing of
terrorism deficiencies to which counter measures apply; (ii) jurisdictions that have not
made sufficient progress in addressing the deficiencies or have not committed to an
action plan developed with the Financial Action Task Force to address the deficiencies
QIB Category The portion of the Issue being such number of Equity Shares to be Allotted to QIBs on
a proportionate basis
Qualified Institutional As defined under SEBI ICDR Regulations, 2018
Buyers or QIBs
RTGS Real Time Gross Settlement
Red Herring Prospectus/ The red herring Prospectus issued in accordance with Section 60B of the Companies
RHP Act, which does not have complete particulars of the price at which the Equity Shares
are offered and the size of the Issue. The RHP may be filed with the RoC at least three
days before the Bid/Issue Opening Date and may become a Prospectus upon filing with
the RoC after the Pricing Date. In case of issues undertaken through the fixed price
process, all references to the RHP should be construed to mean the Prospectus
Refund Account(s) The account opened with Refund Bank(s), from which refunds (excluding refunds to
ASBA Bidders/Applicants), if any, of the whole or part of the Bid Amount may be made
Refund Bank(s) Refund bank(s) as disclosed in the Offer Document and Bid cum Application Form of
the Issuer
Refunds through Refunds through NECS, Direct Credit, NEFT, RTGS or ASBA, as applicable
electronic transfer of
funds
Registered Broker Registrar and share transfer agents registered with SEBI and eligible to procure Bids at
the Designated RTA Locations in terms of circular no.
CIR/CFD/POLICYCELL/11/2015 dated November 10, 2015 issued by SEBI
Registrar to the Issue/RTI The Registrar to the Issue as disclosed in the Offer Document and Bid cum Application
Form
Reserved Category/ Categories of persons eligible for making application/bidding under reservation portion
Categories
Reservation Portion The portion of the Issue reserved for category of eligible Bidders/Applicants as provided
under the SEBI ICDR Regulations, 2018
Retail Individual Investors who applies or bids for a value of not more than Rs. 200,000.
Investors / RIIs
Retail Individual Shareholders of a listed Issuer who applies or bids for a value of not more than Rs.
Shareholders 200,000.
Retail Category The portion of the Issue being such number of Equity Shares available for allocation to
RIIs which shall not be less than the minimum bid lot, subject to availability in RII
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 modify the
quantity of Equity Shares and/or bid price indicates therein in any of their Bid cum
Application Forms or any previous Revision Form(s)
RoC The Registrar of Companies

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Term Description
SEBI The Securities and Exchange Board of India constituted under the Securities and
Exchange Board of India Act, 1992, as amended from time to time
SEBI ICDR Regulations, The Securities and Exchange Board of India (Issue of Capital and Disclosure
2018 Requirements) Regulations, 2018
Self Certified Syndicate The banks registered with SEBI under the SEBI (Bankers to an Issue) Regulations, 1994
Bank(s) or SCSB(s) and offering services in relation to ASBA, a list of all SCSBs is available on the website
of SEBI at
http://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=
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Specified Locations Bidding centres where the Syndicate shall accept Bid cum Application Forms, a list of
which is available on the website of SEBI at http://www.sebi.gov.in/ and updated from
time to time
Stock Exchanges/ SE The stock exchanges as disclosed in the Offer Document of the Issuer where the Equity
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 to
collection of the Bids in this Issue (excluding Bids from ASBA Bidders/Applicants)
Syndicate Member(s)/SM The Syndicate Member(s) as disclosed in the Offer Document
Underwriters The Book Running Lead Manager(s) and the Syndicate Member(s)
Underwriting Agreement The agreement amongst the Issuer, and the Underwriters to be entered into on or after
the Pricing Date
UPI Unified Payment Interface is an instant payment system developed by the NPCI. It
enables merging several banking features, seamless fund routing & merchant payments
into one hood. UPI allows instant transfer of money between any two person’s bank
accounts using a payment address which uniquely identifies a person’s bank Account.
UPI ID ID created on Unified Payment Interface (UPI) for single-window mobile payment
system developed by the National Payments Corporation of India (NPCI)
UPI Mandate Request A request (intimating the RII by way of a notification on the UPI application and by
way of a SMS directing the RII to such UPI application) to the RII initiated by the
Sponsor Bank to authorize blocking of funds on the UPI application equivalent to
Application Amount and subsequent debit of funds in case of Allotment
UPI mechanism The bidding mechanism that may be used by an RII to make an Application in the
Issue in accordance with SEBI circular (SEBI/HO/CFD/DIL2/CIR/P/2018/138) dated
November 1, 2018
UPI PIN Password to authenticate UPI transaction
Working Day - Till Application / Issue closing date: All days other than 2 nd and 4th Saturday of the
month, Sunday or a public holiday;
- Post Application / Issue closing date and till the Listing of Equity Shares: Working
days shall be all trading days of stock exchanges excluding Sundays and bank
holidays (in accordance with the SEBI circular no.
SEBI/HO/CFD/DIL/CIR/P/2016/26 dated January 21, 2016).

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