ANÁLISIS DE DATOS.

There is no requirement for a monitoring agency in terms of Regulation 16(1) of the SEBI ICDR Regulations. The Audit Committee of our Board would monitor the utilization of the proceeds of the Issue. For details please refer to section titled ‘Objects of the Issue- Monitoring of Utilization of Funds’ on page 30 of the Draft Red Herring Prospectus.

Apprising Agency

The issue has not been appraised. Credit Rating

This being an issue of equity shares, there is no requirement of credit rating of the issue. Trustees

As the issue is of Equity Shares, the appointment of Trustees is not required. BOOK BUILDING PROCESS IN BRIEF

Book Building refers to the process of collection of Bids, on the basis of the Red Herring Prospectus. The Issue Price is fixed after the Bid/Issue Closing Date.

The principal parties involved in the Book Building Process are: • Our Company

• Book Running Lead Manager

• Syndicate Member(s) who are intermediaries registered with SEBI or registered as brokers with BSE / NSE and eligible to act as underwriters

• Registrar to the Issue and • Escrow collection Banks

The primary responsibility of building the book shall be that of the lead book runner.

The Equity Shares are being offered to the public through the 100% Book Building Process in accordance with the SEBI ICDR Regulations wherein not more than 50% of the Net Issue i.e., [●] Equity Shares shall be allotted on a proportionate basis to QIBs. Further, our Company may allocate upto 30% of the QIB

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Portion to Anchor Investors, out of which atleast one-third will be available for allocation to Domestic Mutual Funds. In the event of under subscription in Anchor Investors Portion, the balance equity shares shall be added to the Net QIB Portion. 5% of Net QIB Portion i.e. [●] Equity Shares shall be available for allocation on a proportionate basis to Mutual Funds. The remaining Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs including Mutual Funds, subject to valid Bids being received from them at or above the Issue Price. Further, not less than 15% of the Net Issue, i.e., [●] Equity Shares shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue, i.e., [●] Equity Shares shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price. Further, 50,000 Equity shares shall be available for allocation on a proportionate basis to Eligible employees, subject to valid Bids being received at or above the Issue Price.

Undersubscription, if any, in any category would be met with spillover from other categories in accordance with applicable laws, regulations and guidelines. Under subscription, if any in the Employees Reservation Portion will be added back to the Net Issue to the Public, and the ratio amongst the investor categories will be at the discretion of our Company, in consultation with the BRLM and the Designated Stock Exchange. In case of under subscription in the Net Issue, spill-over to the extent of under subscription shall be permitted from the Employees Reservation Portion. Investors may note that in case of over subscription in the Issue, allotment to QIB Bidders, Non-Institutional Bidders, Retail Individual Bidders and Employees Reservation Portion shall be made on a proportionate basis.

QIBs (excluding Anchor Investors) are not allowed to withdraw their Bid(s) after the Bid Closing Date. Anchor Investors are not allowed to withdraw their Bids after the Anchor Investor Bidding Date. Allocation to the Anchor Investors will be on a discretionary basis. For further details, see “Issue

Structure” on page 31 of the Draft Red Herring Prospectus.

Our Company shall comply with the SEBI ICDR Regulations and any other ancillary directions issued by SEBI for this Issue. In this regard, our Company has appointed SPA Merchant Bankers Limited as the Book Running Lead Manager to manage the Issue and to procure the subscriptions to the Issue.

Investors should note that Equity Shares would be allotted to all successful Bidders only in dematerialised form. Bidders will not have the option of getting Allotment of the Equity Shares in physical form. The Equity Shares on Allotment shall be traded only in the dematerialised segment of the Stock Exchanges. Illustration of Book Building and Price Discovery Process

(Investors should note that the following is solely for the purpose of illustration and is not specific to the Issue)

The Bidders (excluding the ASBA Bidders who can only Bid at Cut-off Price) can bid at any price within the Price Band. For instance, assume a Price Band of Rs. 60 to Rs. 72 per Equity Share, Issue size of 5,400 Equity Shares and receipt of five Bids from the Bidders. A graphical representation of the consolidated demand and price would be made available at the website of the BSE (www.bseindia.com) and NSE (www.nseindia.com) during the bidding period. The illustrative book as set forth below shows the demand for the Equity Shares of our Company at various prices and is collated from Bids from various investors.

Bid Quantity Bid Price (Rs.) Cumulative Quantity Subscription 1,500 3,000 4,500 6,000 7,500 72 69 66 63 60 1,500 4,500 9,000 15,000 22,500 27.78% 83.33% 166.67% 277.78% 416.67%

The price discovery is a function of demand at various prices. The highest price at which our Company is able to issue the desired quantity of Equity Shares is the price at which the book cuts off, i.e., Rs.66 in the above example. Our Company, in consultation with the BRLM will finalize the Issue Price at or below such cut off price, i.e., at or below Rs.66. All Bids at or above this Issue Price and cut-off Bids are valid Bids and are considered for allocation in the respective categories.

15 Steps to be taken for bidding:

1. Check eligibility for bidding (see the section titled “Offering Information - Who Can Bid” on page 160 of the Draft Red Herring Prospectus);

2. Ensure that the Bidder has a demat account and the demat account details are correctly mentioned in the Bid-cum-Application Form;

3. Except for Bids on behalf of the Central or State Government, residents of Sikkim and the officials appointed by the courts, for Bids of all values ensure that you have mentioned your Permanent Account Number (“PAN”) allotted under the I.T. Act in the Bid cum Application Form and the ASBA Bid cum Application Form (see “Offering Information – ‘PAN’ or ‘GIR’ Number” on page 173); 4. Ensure that the Bid-cum-Application Form is duly completed as per instructions given in this Red

Herring Prospectus and in the Bid-cum-Application Form.

5. The Bidder should ensure the correctness of his or her Demographic Details (as defined in the section “Offering Information – Bidder’s Depository Account and Bank Account Details” on page 169 i.e. those given in the Bid cum Application Form vis-à-vis with his or her Depository Participant).

6. Bids by ASBA Bidders will only have to be submitted to the SCSB. ASBA Bidders should ensure that their bank accounts have adequate credit balance at the time of submission to the SCSB to ensure that their Bid cum ASBA Form is not rejected.