RESOURCEFUL AUTOMOBILE LIMITED

CIN: U50401DL2018PLC329756
Registered office: K-24, Upper Ground, KH No. 107/10 Main Road, Raja puri, West Delhi, New Delhi – 110059;
Website: www.sawhneyauto.com; E-Mail: [email protected];
Company Secretary and Compliance Officer: Mrs. Neha Rani; Telephone No.: +91 97737 84969;

Our Company was originally incorporated as “Resourceful Automobile Private Limited” on February 21 st, 2018 under the
provisions of the Companies Act, 2013 vide Certificate of Incorporation issued by the Registrar of Companies, Delhi & Haryana.
Later on, company was converted into public limited company, the name of our Company was changed to “Resourceful
Automobile Limited” and fresh Certificate of Incorporation dated October 25 th, 2023 was issued by the Registrar of Companies
Delhi & Haryana. For details of Conversion of Company, please refer to section titled “HISTORY AND CORPORATE
STRUCTURE” beginning on page no. 101 of the Prospectus.

PROMOTERS OF THE COMPANY: MR. RAHUL SAWHNEY, MRS. MEGHA CHAWLA AND MRS. BINDU
SAWHNEY

PUBLIC ISSUE OF 10,24,800 EQUITY SHARES OF FACE VALUE OF ₹ 10/- EACH OF RESOURCEFUL
AUTOMOBILE LIMITED (“RAL” OR THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF ₹ 117/-
PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF ₹ 107/- PER EQUITY SHARE (THE “ISSUE PRICE”)
AGGREGATING TO ₹ 1,199.02 LAKHS (“THE ISSUE”), OF WHICH 51,600 EQUITY SHARES OF FACE VALUE
OF ₹ 10/- EACH FOR CASH AT A PRICE OF ₹ 117/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF
₹ 107/- PER EQUITY SHARE AGGREGATING TO ₹ 60.37 LAKHS WILL BE RESERVED FOR SUBSCRIPTION
BY MARKET MAKER TO THE ISSUE (THE “MARKET MAKER RESERVATION PORTION”). THE ISSUE LESS
THE MARKET MAKER RESERVATION PORTION i.e. NET ISSUE OF 9,73,200 EQUITY SHARES OF FACE
VALUE OF ₹ 10/- EACH AT A PRICE OF ₹ 117/- PER EQUITY SHARE INCLUDING A SHARE PREMIUM OF ₹
107/- PER EQUITY SHARE AGGREGATING TO ₹ 1,138.64 LAKHS IS HEREIN AFTER REFERRED TO AS THE
“NET ISSUE”. THE ISSUE AND THE NET ISSUE WILL CONSTITUTE 38.59% AND 36.64% RESPECTIVELY OF
THE POST ISSUE PAID UP EQUITY SHARE CAPITAL OF OUR COMPANY.

GENERAL INFORMATION DOCUMENT FOR INVESTING IN PUBLIC ISSUES

This General Information Document (“GID”) highlights the key rules, processes and procedures applicable to public issues in
accordance with the provisions of the Companies Act, 2013, Companies Act, 1956 (without reference to the provisions thereof
that have ceased to have effect upon the notification of the Companies Act, 2013), the Securities Contracts (Regulation) Act,
1956, the Securities Contracts (Regulation) Rules, 1957 and the Securities and Exchange Board of India (Issue of Capital and
Disclosure Requirements) Regulations, 2018. Applicants shall not construe the contents of this General Information Document
as legal advice and shall consult their own legal counsel and other advisors in relation to the legal matters concerning the Issue.
For taking an investment decision, the Applicants shall rely on their own examination of the Issuer and the Issue, and shall
carefully read the Prospectus before investing in the Issue.

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 3, 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 RIBs 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, with respect to Application by retail individual investors
through Designated Intermediaries (other than SCSBs), 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”). SEBI has vide its circular SEBI/HO/CFD/DCR2/CIR/P/2019/133 dated November 8, 2019 extended the
timeline for implementation of Phase II till March 31, 2020. On March 30, 2020 wide circular number
SEBI/HO/CFD/DIL2/CIR/P/2 SEBI has further extended UPI Phase II timeline till further notice. Subsequently, the final reduced
timeline will be made effective using the UPI Mechanism for applications by retail individual investors (“UPI Phase III”), as
may be prescribed by SEBI. Accordingly, the issue will be made under UPI Phase II, unless UPI Phase III becomes effective and
applicable on or prior to the Bid / Offer Opening Date. The processing fees for applications made by Retail Individual Bidders
using the UPI Mechanism may be released to the remitter banks (SCSBs) only after such banks provide a written confirmation
on compliance with SEBI Circular No: SEBI/ HO/CFD/DIL2/P/CIR/2021/570 dated June 02, 2021 read with SEBI Circular No:
SEBI/HO/CFD/DIL2/CIR/ P/2021/2480/1/M dated March 16, 2021. Phase III has become applicable on a voluntary basis for
all issues opening on or after September 1, 2023 and on a mandatory basis for all issues opening on or after December 1, 2023,
vide SEBI circular bearing number SEBI/HO/CFD/TPD1/CIR/P/2023/140 dated August 09, 2023 ("T+3 Notification”). In this

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phase, the time duration from public issue closure to listing has been reduced to 3 (Three) Working Days. The Issue shall be
undertaken pursuant to the processes and procedures as notified in the T+3 Notification as applicable, subject to any circulars,
clarification or notification issued by the SEBI from time to time, including any circular, clarification or notification which may
be issued by SEBI.

The Issue is being made under Phase III of the UPI (on a mandatory basis).

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
managers shall continue to coordinate with intermediaries involved in the said process. For delayed unblock applications, investor
must be compensated at a uniform rate of Rs. 100/- per day for the entire duration of delay since ‘T+2’. Merchant banker will fix
the liability on the intermediary responsible for the delay in unblocking.

Important Note: This General Information Document relates to the Public Issue of Equity Shares of ₹ 10/- each fully paid of
Resourceful Automobile Limited (“RAL” or the “Company”) for Cash at a Price of ₹ 117/- Per Equity Share aggregating to ₹
1,199.02 Lakh (“The Issue”) 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 SME Platform of BSE Limited (“BSE”). 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.

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 Table of Contents
SECTION 1: PURPOSE OF THE GENERAL INFORMATION DOCUMENT (GID) ...................................................... 4
SECTION 2: BRIEF INTRODUCTION TO IPOS ON SME EXCHANGE ......................................................................... 4
SECTION 3: CATEGORY OF INVESTORS ELIGIBLE TO PARTICIPATE IN AN ISSUE .......................................... 7
SECTION 4: APPLYING IN THE ISSUE ............................................................................................................................... 8
SECTION 5: ISSUE PROCEDURE IN BOOK BUILT ISSUE.............................................................................................25
SECTION 6: ISSUE PROCEDURE IN FIXED PRICE ISSUE ............................................................................................25
SECTION 7: ALLOTMENT PROCEDURE AND BASIS OF ALLOTMENT ...................................................................26
SECTION 8: INTEREST AND REFUNDS .............................................................................................................................27
SECTION 9: GLOSSARY AND ABBREVIATIONS ............................................................................................................28

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

This document is applicable to the public issues undertaken through the Book-Building Process as well as to the Fixed Price
Issues. The purpose of the “General Information Document for Investing in Public Issues” is to provide general guidance to
potential Bidders/Applicants in IPOs and FPOs, and on the processes and procedures governing IPOs and FPOs, undertaken in
accordance with the provisions of the SEBI ICDR Regulations.

Bidders/Applicants should note that investment in equity and equity related securities involves risk and Bidder/ Applicant should
not invest any funds in the 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 Offer and the relevant information about the Issuer undertaking the Offer are
set out in Prospectus filed by the Issuer with the Registrar of Companies (“RoC”). Bidders/Applicants should carefully read the
entire RHP/Prospectus, the Bid cum Application Form/ Application Form and the Abridged Prospectus of the Issuer in which
they are proposing to invest through the 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
Issuer is available on the websites of stock exchanges, on the website(s) of the Lead Manager to the Offer and on the website of
Securities and Exchange Board of India (“SEBI”) at www.sebi.gov.in.

For the definitions of capitalized terms and abbreviations used herein Bidders/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 under Chapter IX of the SEBI (ICDR) Regulations, 2018, an Issuer is inter-alia required to comply with
the eligibility requirements of in terms of Regulations 228, 229 and 230 of the SEBI (ICDR) Regulations, 2018. For details of
compliance with the eligibility requirements by the Issuer, Applicants may refer to the Prospectus.

The present Issue being made under Regulation 229(1) of the SEBI (ICDR) Regulations, 2018.

2.2 Other Eligibility Requirements

In addition to the eligibility requirements specified in paragraphs 2.1, an Issuer 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
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 Chapter IX of the SEBI (ICDR) Regulations, 2018:

a) In accordance with regulation 260 of the SEBI ICDR Regulations, this Issue will be 100% underwritten and that the LM
will underwrite at least 15% of the total issue size. For further details pertaining to underwriting by LM and underwriter,
please refer to chapter titled “GENERAL INFORMATION” beginning on page no. 35 of the Prospectus.

b) In accordance with Regulation 268 of the SEBI (ICDR) Regulations, we shall ensure that the total number of proposed
allotees in the Issue is greater than or equal to fifty, otherwise, the entire application money will be refunded forthwith. If
such money is not repaid within four days from the date our company becomes liable to repay it, then our company and
every officer in default shall, on and from expiry of fourth days, be liable to repay such application money, with interest
as prescribed under section 40 of the Companies Act, 2013.

c) In accordance with Regulation 246 the SEBI (ICDR) Regulations, 2018, we have filed Draft Offer Document with SEBI
however SEBI does issue any observations on Draft Offer Document. We shall also ensure that our Lead Manager submits
the copy of Prospectus along with a Due Diligence Certificate including additional confirmations to Stock Exchange,
Securities Exchange Board of India and the Registrar of Companies.

d) In accordance with Regulation 261 of the SEBI (ICDR) Regulations, 2018, the Lead Manager will ensure compulsory
market making for a minimum period of three years from the date of listing of Equity Shares offered in the Issue. For
further details of the market making arrangement, see chapter titled “GENERAL INFORMATION” beginning on page no.
35 of the Prospectus.

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Our Company also complies with the eligibility conditions laid by the SME Platform of BSE Limited for listing of our Equity
Shares. The point wise Criteria for SME Platform of BSE Limited and compliance thereof are given hereunder:

1. The Issuer should be a company incorporated under the Companies Act 1956 / 2013 in India:

Our Company is incorporated under the Companies Act, 1956.

2. The post issue paid up capital of the company (face value) shall not be more than ₹ 25.00 Crore:

The present paid-up capital of our Company is ₹ 97.28 Lakh and we are proposing Issue of 10,24,800 Equity Shares of ₹ 10/-
each at Issue price of ₹117/- per Equity Share including share premium of ₹107/- per Equity Share, aggregating to ₹1,199.20
Lakh. Hence, our Post Issue Paid up Capital will be ₹ 2.66 Crore which is less than ₹ 25.00 Crore.

3. Net Tangible Assets of ₹ 150.00 Lakhs.

The Net Tangible Assets of our company as on February 29th, 2024 is ₹ 315.79 Lakhs which is more than ₹150.00 Lakhs.

4. Track Record:

A. The company should have a track record of at least 3 years.

Our Company was incorporated on February 21 st, 2018 under the provisions of the Companies Act, 2013 vide certificate
of incorporation issued by Registrar of Companies, Delhi and Harayana. Therefore we are in compliance with criteria of
having track record of 3 years.

B. The Company has positive cash accruals (earnings before depreciation and tax) from operations for at least 2
financial years preceding the application and its net-worth as on March 31, 2023 and March 31, 2022 is positive.

Our Company satisfies the criteria of track record which given hereunder based on Restated Financial Statement.
(₹ in Lakhs)
Particulars* For the period For the year ended March 31
ended 29th 2023 2022 2021
February, 2024
Operating profit (earnings before depreciation and tax) from 211.32 73.94 51.13 21.48
operations.
Net Worth as per Restated Financial Statement. 315.78 163.56 74.78 46.05
Net Tangible Assets 315.78 163.56 74.78 46.05
*the above values are excluding revelation reserves.

5. It is mandatory for a company to have a website.

The Company has a website: www.sawhneyauto.com.

6. It is mandatory for the company to facilitate trading in demat securities and enter into an agreement with both the
depositories.

To enable all shareholders of the Company to have their shareholding in electronic form, the Company had signed the tripartite
agreements with the Depositories and the Registrar and Share Transfer Agent. The Company’s shares bear an ISIN:
INE0SK201011.

7. There should not be any change in the promoters of the company in preceding one year from date of filing the
application to BSE for listing under SME segment.

There has been no change in the promoter(s) of the Company in preceding one year from the date of filing application to BSE
Limited for listing on SME Platform of BSE Limited.

8. Other Requirements

We confirm that:

i. The Company has not been referred to the Board for Industrial and Financial Reconstruction (BIFR).
ii. There is no winding up petition against the company, which has been admitted by the court or a liquidator has not been

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 appointed.
iii. No material regulatory or disciplinary action by a stock exchange or regulatory authority in the past three years against
our company.

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 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 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 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
Five Working Days before the Bid/Issue Opening Date, in case of an IPO and at least One Working Day before the Bid/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.

The present issue is 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.

2.5 Migration To Main Board

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

If the Paid up Capital of the company is more than ₹ 10 crores and up to ₹ 25 crores, we may migrate equity shares to the main
board of the stock exchanges if shareholders approve such a migration by passing a special resolution through postal ballot to
this effect and if Company fulfils the eligibility criteria for listing laid down by the Main Board.

Provided that the special resolution shall be acted upon if and only if the votes cast by shareholders other than promoters in favor
of the proposal amount to at least two times the number of votes cast by shareholders other than promoter shareholders against
the proposal.

OR

Where the post-issue face value capital of the Company listed on a SME exchange is likely to increase beyond twenty five crore
rupees by virtue of any further issue of capital by the Company by way of rights issue, preferential issue, bonus issue, etc. the
Company shall migrate its specified securities listed on a SME exchange to the Main Board and seek listing of the specified
securities proposed to be issued on the Main Board subject to the fulfilment of the eligibility criteria for listing of specified
securities laid down by the Main Board:

Provided that no further issue of capital by the Company shall be made unless:

a) the shareholders of the Company have approved the migration by passing a special resolution through postal ballot wherein
the votes cast by shareholders other than promoters in favor of the proposal amount to at least two times the number of votes
cast by shareholders other than promoter shareholders against the proposal;

b) the Company has obtained an in-principle approval from the Main Board for listing of its entire specified securities on it.

2.6 Flowchart of Timelines for Phase II

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

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 Registrar to issue
T-Day for
bank-wise data of Refund/Unblocking
Issuer Appoints modification of
Issue Period Close allottees, allotted of funds is made
SEBI Registered details for
(T- Day)` amount and refund for unsuccessful
Intermediary applications
amount to bids
already uploaded
collecting banks

RTA Receive
electronic Credit of shares in
Designated
application file client account with Listing and
Due Diligence Intermidiary
from SEs and DPs and transfer of Trading approval
carried out by LM upload Application
commenc funds to Issue given by SE.
on SE platform
validation of Account
uploded details

Instructions sent to
LM files Draft Applicant submits Collection banks SCSBs/Collecting
Prospectus with ASBA application commence clearing banks for Trading Starts (T
Stock Exchange form to Designated of payment successful +3 day)
(SE) Intermidiary instuments allotment and
movement of funds

Final
SE Observation on Certificatefrom Basis of allotment
Issue Opens
Draft Prospectus collection Banks/ approved by SE
SCSBs to RTAs

RTA validates
RTA completes
Anchor Book opens electronic
reconciliation and
Determination of allocation to application file
submits the final
Issue datand price. Anchore investors with DPs for
basis of allotment
(optional) varification of DP
with SE
ID/CI ID & PAN

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
Bidders/Applicants, such as NRIs, FII’s, FPIs and FVCIs may not be allowed to Bid/apply in the Issue or to hold Equity Shares,
in excess of certain limits specified under applicable law. Bidder/Applicants are requested to refer to the Prospectus for more
details.

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

a) Indian nationals resident in India who are not incompetent to contract under the Indian Contract Act, 1872, as amended,
in single or as a joint application and minors having valid demat account as per Demographic Details provided by the
Depositories. Furthermore, based on the information provided by the Depositories, our Company shall have the right to
accept the Applications belonging to an account for the benefit of minor (under guardianship);
b) 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;
c) 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;
d) QIBs;
e) Mutual Funds registered with SEBI;
f) Eligible NRIs on a repatriation basis or on a non-repatriation basis, subject to applicable laws. NRIs other than Eligible
NRIs are not eligible to participate in this Issue;
g) 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);
h) Limited Liability Partnerships (LLPs) registered in India and authorized to invest in equity shares;
i) Sub-accounts of FIIs registered with SEBI, which are foreign corporate or foreign individuals only under the Non-
Institutional applicant’s category;
j) Venture Capital Funds and Alternative Investment Fund (I) registered with SEBI; State Industrial Development Corporations;
k) Foreign Venture Capital Investors registered with the SEBI;
l) 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;

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m) Scientific and/or Industrial Research Organizations authorized to invest in equity shares;
n) Insurance Companies registered with Insurance Regulatory and Development Authority, India;
o) Provident Funds with minimum corpus of ₹25 Crores and who are authorized under their constitution to hold and invest
in equity shares;
p) Pension Funds with minimum corpus of ₹25 Crores and who are authorized under their constitution to hold and invest in
equity shares;
q) 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;
r) Insurance funds set up and managed by army, navy or air force of the Union of India;
s) Multilateral and bilateral development financial institution;
t) Eligible QFIs;
u) Insurance funds set up and managed by army, navy or air force of the Union of India;
v) Insurance funds set up and managed by the Department of Posts, India;
w) Any other person eligible to applying in this Issue, under the laws, rules, regulations, guidelines and policies applicable to
them.

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

Fixed Price Issue: Applicants should only use the specified cum Application Form either bearing the stamp of Designated
Intermediaries as available or downloaded from the websites of the Stock Exchanges. Application Forms are available with the
registered office of the Issuer, and office of the RTA and at the office of the 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 color of the Application Form for various
categories of Applicants is as follows:

Category Color of the Application*

Resident Indians, including resident QIBs, Non-Institutional Investors, Retail Individual
White
Investors and Eligible NRIs applying on a non-repatriation basis
Non-Residents including Eligible NRIs, FII’s, FVCIs etc. applying on a repatriation Basis Blue
*excluding electronic Application Forms will also be available for download on the website of the NSE (www.nseindia.com).

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 rematerialized subsequent to allotment.

4.1 Instructions For Filing Application Form/ Application Form (Fixed Price Issue)

Applicants may note that forms not filled completely or correctly as per instructions provided in this General Information
Document and Prospectus and 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:

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Page 10
1. FIELD NUMBER 1: NAME AND CONTACT DETAILS OF THE SOLE/ FIRST APPLICANT:

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

a.) 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 (letters notifying the unblocking of the bank accounts of Applicants) 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.

b.) Joint Applicants: In the case of Joint Applicants, the Application 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 favour 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.

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 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 Application on behalf of the Central or State Government, Application by officials appointed by the
courts and Application by Applicant residing in Sikkim (“PAN Exempted Applicant”). Consequently, all Applicants, other
than the PAN Exempted Applicant, 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.
Application by the Applicant who’s 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 Applicant 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 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 Applicant whose demat accounts have been “suspended for credit” are liable to be rejected 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.

3. FIELD NUMBER 3: APPLICANT’S 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 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 Applicants may
be deemed to have authorized the Depositories to provide to the Registrar to the Issue, any requested Demographic Details
of the Applicants as available on the records of the depositories. These Demographic Details may be used, among other
things, for sending allocation advice and 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. FIELD NUMBER 4: APPLICATION OPTIONS

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a.) Since, this is the Fixed Price Issue and the Price has already been disclosed in the Prospectus, the Applicants should make
application at the Issue Price only. For the purpose of this Issue, the Price has been Determined as ₹ 117/- per equity shares
(including premium of ₹ 107/- per equity share).
b.) Cut-Off Price: Retail Individual Investors or Employees or Retail Individual Shareholders can make application at the Cut-
off Price indicating their agreement to apply for and purchase the Equity Shares at the Issue Price as determined in terms of
Prospectus. Making Application at the Cut-off Price is prohibited for QIBs and NIIs and such Applications from QIBs and
NIIs may be rejected.

c.) Minimum Application Value and Application Lot: For Application made by Retail Individual Investors, minimum
application of 1,200 Equity Shares to ensure that the minimum Application value is not exceeding ₹ 2,00,000 and not less
than ₹ 1,00,000. For Application made by QIBs and Non–Institutional Investors, minimum application of 2,400 Equity
Shares and in multiples of 1,200 Equity Shares thereafter to ensure that the minimum Application value is exceeding ₹
2,00,000.

d.) Allotment: The Allotment of specified securities to each RII shall not be less than the minimum application lot, subject to
availability of shares in the RII category and the remaining available shares, if any, shall be Allotted on a proportionate
basis. Also, in case if the RII category is entitled to more than the allocated equity shares on proportionate basis, the RII
category shall be allotted that higher percentage.

Maximum and Minimum Application Size

e.) The Applicants may apply for the desired number of Equity Shares in multiple of 1,200 equity shares at Issue Price.
Applications by Retail Individual Investors and Retail Individual Shareholders must be for 1,200 equity shares, so as to
ensure that the Application Amount, payable by the Applicants does not exceed ₹ 2,00,000.

In case the Application Amount exceeds ₹ 2,00,000 due to revision of the Application or any other reason, the Application
may be considered for allocation under the Non-Institutional Category or if it is at the Cut-off Price, then such Application
may be rejected.

For NRIs, Application Amount of up to ₹ 2,00,000 may be considered under the Retail Category for the purposes of
allocation and Application Amount exceeding ₹ 2,00,000 may be considered under the Non-Institutional Category for the
purposes of allocation.

f.) Application by QIBs and NIIs must be for 2,400 equity shares such that the Application Amount exceeds ₹ 2,00,000 and in
multiples of 1,200 Equity Shares thereafter, as may be disclosed in the Application Form and the Prospectus, or as advertised
by the Issuer, as the case may be. Non-Institutional Investors and QIBs are not allowed to make application at Cut off Price.

g.) RII and Employees may revise or withdraw their application until Issue Closing Date. QIBs and NII’s cannot withdraw or
lower their Application (in terms of quantity of Equity Shares or the Application Amount) at any stage after making
application and are required to pay the Application Amount upon submission of the Application.

h.) In case the Application Amount reduces to ₹ 2,00,000 or less due to a revision of the Price, Application by the Non-
Institutional Investors who are eligible for allocation in the Retail Category would be considered for allocation under the
Retail Category.

i.) An Application cannot be submitted for more than the net issue size.

j.) The maximum application by any applicant including QIB applicant should not exceed the investment limits prescribed for
them under the applicable laws.

Multiple Applications

k.) Applicant should submit only one Application Form. Submission of a second Application Form to either the same or to
another member of the Syndicate, SCSB or Registered Broker and duplicate copies of Application Forms bearing the same
application number shall be treated as multiple Applications and are liable to be rejected.

l.) Applicants are requested to note the following procedures that 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 FII sub-accounts, Applications bearing the same PAN may be treated as multiple Application by
Applicants and may be rejected.

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 ii.For Application from Mutual Funds and FII sub-accounts, submitted under the same PAN, as well as Application on
behalf of the PAN Exempted Applicants, the Application Forms may be checked for common DP ID and Client ID.
Such Applications which have the same DP ID and Client ID may be treated as multiple applications and are liable to
be rejected.
m.) The following Applications may not be treated as multiple Applications:

i. Applications by Reserved Categories making application in their respective Reservation Portion as well as application
made by them in the 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 FIIs (or FIIs and its sub-accounts) submitted with the same PAN
but with different beneficiary account numbers, Client IDs and DP IDs.

5. FIELD NUMBER 5: CATEGORY OF APPLICANTS

a.) The categories of Applicants are identified as per the SEBI (ICDR) Regulations, 2018 for the purpose of Applications,
allocation and allotment in the Issue are RIIs, NIIs and QIBs.

b.) An Issuer can make reservation for certain categories of Applicants as permitted under the SEBI (ICDR) Regulations, 2018.
For details of any reservations made in the Issue, Applicants may refer to the Prospectus.

c.) The SEBI (ICDR) Regulations, 2018, specify the allocation or allotment that may be made to various categories of
Application in an issue depending upon compliance with the eligibility conditions. Details pertaining to allocation are
disclosed on reverse side of the Revision Form.

d.) For Issue specific details in relation to allocation, Applicants may refer to the Prospectus.

6. FIELD NUMBER 6: INVESTOR STATUS

a.) Each Applicants should check whether it is eligible to apply under applicable law and ensure that any prospective allotment
to it in the Issue follows 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.

7. FIELD NUMBER 7: PAYMENT DETAILS

a.) Applicants are required to enter either the ASBA Bank account details or the UPI ID in this field. In case the Applicants
doesn’t provide any of the ASBA Bank account details or the UPI ID then the application would be rejected. For application
submitted to Designated Intermediaries (other than SCSBs), Applicants providing both the ASBA Bank account details as
well as the UPI ID, the UPI ID will be considered for processing of the application.

b.) The full Application Amount shall be blocked based on the authorization provided in the Application Form.

c.) All Applicants (other than Anchor Investors) can participate in the Issue only through the ASBA mechanism.

d.) RIIs submitting their applications through Designated Intermediaries can participate in the Issue through the UPI
mechanism, through their UPI ID linked with their bank account.

e.) Application Amount cannot be paid in cash, cheque, and demand draft, through money order or through postal order.

Payment instructions for Applicants (other than Anchor Investors)

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 a. From July 1, 2019 in Phase II, RIIs shall use only Channel I, Channel II and Channel IV (as described below) for
making applications in a public issue:

Category of Investor Channel I Channel II Channel III Channel IV

Retail Individual Investor may submit Investor may submit Not Applicable RIIs may submit the
Investor (RII) the Application Form the Application Form Application Form with
with ASBA as the sole online using the any of the Designated
mechanism for making facility of linked Intermediaries and use
payment either online trading, demat his/her UPI ID for the
physically (at the and bank account (3- purpose of blocking of
branch of the SCSB) or in-1 type accounts) funds.
Non- Institutional online. provided by Not Applicable
Investor (NII) Registered Brokers. Investors may submit
For such applications the Application Form
the existing process of with any of the
uploading the Designated
Application and Intermediaries, along
blocking of finds in the with details of his/her
RIIs account by the ASBA Account for
SCSB would continue. blocking of funds.

For such applications

the Designated
Intermediary will
upload the Application
in the stock exchange
bidding platform and
forward the
application form to
Designated Branch of
the concerned SCSB
for blocking of funds.

Please see below a graphical illustrative process of the investor receiving and approving the UPI mandate request:

ILLUSTRATIVE SMS BLOCK REQUEST SMS TO INVESTOR

BLOCK REQUEST INTIMATION THROUGH UPI BLOCK REQUEST SMS TO INVESTOR

APPLICATION

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SAMPLE OF IPO DETAILS IN ATTACHMENT POST VERIFICATION OF DETAILS ABOVE

PRE-CONFIRMATION PAGE ENTERING OF UPI PIN

Page 15
CONFIRMATION PAGE APPROVED MANDATES VISIBLE IN UPI
APPLICATION

Page 16
 BLOCK CONFIRMATION SMS TO INVESTOR BLOCK CONFIRMATION APPLICATION
INTIMATION

a.) QIB and NII Applicants may submit the Application Form either:

i. to SCSB 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 Application Form, or

ii. in physical mode to any Designated Intermediary.

b.) Applicants must specify the Bank Account number, or the UPI ID, as applicable, in the Application Form. The Application
Form submitted by Applicants 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.

c.) Applicants should note that application made using third party UPI ID or ASBA Bank account are liable to be rejected.

d.) Applicants shall note that for the purpose of blocking funds under ASBA facility clearly demarcated funds shall be available
in the ASBA Account.

e.) Applicants 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 Registered Broker at the Broker Centers, the RTA at the Designated CRTA
Locations or CDP at the Designated CDP Locations.

f.) Applicants making application 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.

g.) Applicants making application 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.

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h.) Upon receipt of the Application Form, the Designated Branch of the SCSB may verify if sufficient funds equal to the
Application Amount are available in the ASBA Account, as mentioned in the Application Form.

i.) If sufficient funds are available in the ASBA Account, the SCSB may block an amount equivalent to the Application Amount
mentioned in the Application Form and for application directly submitted to SCSB by investor, may enter each application
details into the electronic bidding system as a separate application.

j.) 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 applications are liable to be rejected.

k.) Upon submission of a completed Application Form each Applicants (not being a RII who has opted for the UPI payment
mechanism and provided a UPI ID with the Application Form) 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. For details regarding blocking of Application Amount for RIIs
who have provided a UPI ID with the Application Form, please refer to graphical illustrative process of the investor
receiving and approving the UPI mandate request provided in clause (a).

l.) The Application Amount may remain blocked in the aforesaid ASBA 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.

m.) SCSBs making application in the Issue must apply through an account maintained with any other SCSB; else their
Applications are liable to be rejected.

8. FIELD NUMBER 8: 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 or the Sponsor Bank, as the case may be, along with instructions
to unblock the relevant ASBA 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 against
each Application, (ii) the amount to be transferred from the relevant ASBA 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, (iv) the
amount to be unblocked, if any in case of partial allotments and (v) details of rejected ASBA Application, if any, along with
reasons for rejection and details of withdrawn or unsuccessful Application, if any, to enable the SCSBs or the Sponsor Bank,
as the case may be, to unblock the respective ASBA Accounts.

b.) On the basis of instructions from the Registrar to the Issue, the SCSBs or the Sponsor Bank, as the case may be, may transfer
the requisite amount against each successful Applicants to the Public Issue Account and may unblock the excess amount, if
any, in the ASBA Account.

c.) In the event of withdrawal or rejection of the Application Form and for unsuccessful Applications, the Registrar to the Issue
may give instructions to the SCSB or to the Sponsor Bank to revoke the mandate and, as the case may be, to unblock the
Application Amount in the Relevant Account within 2 (Two) Working Days of the Issue Closing Date.

Additional Payment Instructions for RIIs applying through Designated Intermediaries using the UPI mechanism

d.) 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.

e.) 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
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=40.

f.) RIIs shall mention his / her UPI ID along with the application details in the Application Form in capital letters and submit
the Application Form to any of the Designated Intermediaries.

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

h.) Once the application 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

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 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.

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

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

k.) 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 application 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 application Amount and
authorized the Sponsor Bank to block the application Amount mentioned in the Application Form and subsequent debit in
case of allotment.

l.) 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 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.

m.) RIIs may continue to modify or withdraw the application till the closure of the Issue 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.

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

o.) Post closure of the Issue, the stock exchange will share the application 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.

Discount: NOT APPLICABLE

Additional Payment Instruction for NRIs

The Non-Resident Indians who intend to block funds 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.

9. FIELD NUMBER 9: 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.) In relation to the 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.

c.) Applicants must note that Application Form without signature of Applicants and /or ASBA Account holder is liable to be
rejected.

10. FIELD NUMBER 10: ACKNOWLEDGEMENT AND FUTURE COMMUNICATION

a.) Applicant should ensure that they receive the acknowledgment duly signed and stamped by Application Collecting
Intermediary or SCSB, as applicable, for submission of the Application Form.

b.) All communications in connection with Application made in the Issue should be addressed as under:

Page 19
 i. In case of queries related to Allotment, non-receipt of Allotment Advice, credit of allotted equity shares, the Applicant
should contact the Registrar to the Issue.

ii. In case of ASBA Application submitted to the Designated Branches of the SCSBs, the Applicant should contact the
relevant Designated Branch of the SCSB.

iii. Applicants may contact the Company Secretary and Compliance Officer or Lead Manager in case of any other
complaints in relation to the Issue.

iv. In case of queries relating to uploading of Application by a Syndicate Member, the Applicant should contact the relevant
Syndicate Member.

v. In case of queries relating to uploading of Application by a Registered Broker, the Applicant should contact the relevant
Registered Broker

vi. In case of Application submitted to the RTA, the Applicant should contact the relevant RTA.

vii. In case of Application submitted to the DP, the Applicant should contact the relevant DP.

viii. In case of queries relating to uploading of Application through the UPI Mechanism, the Applicant should contact the
Sponsor Bank.

c.) The following details (as applicable) should be quoted while making any queries:

i. Full name of the sole or First Applicant, Application Form number, Applicants’ DP ID, Client ID, PAN, number of
Equity Shares applied for, amount paid on Application.

ii. name and address of the Designated Intermediary, where the Application was submitted; or

iii. Applications, ASBA Account number or the UPI ID (for RIIs who make the payment of Application Amount through
the UPI mechanism) linked to the ASBA Account where the Application Amount was blocked in which the amount
equivalent to the Application Amount was blocked.

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

4.2 INSTRUCTIONS FOR FILING THE REVISION FORM

a.) During the Issue Period, any Applicants (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 / withdraw their Application 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 made the original
Application. It is clarified that RIIs whose original Application is made using the UPI mechanism, can make revision(s) to
their Application using the UPI mechanism only, whereby each time the Sponsor Bank will initiate a new UPI Mandate
Request. Applicants are advised to retain copies of the Blank Revision Form and the Application(s) must be made only in
such Revision Form or copies thereof.

A sample Revision form is reproduced below:

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Page 21
Page 22
Page 23
11. 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 1, 2 and 3 above under the heading “Instructions for Filling the
Application Form”.

12. FIELDS 4 AND 5: APPLICATION OPTIONS REVISION ‘FROM’ AND ‘TO’

a.) Apart from mentioning the revised number of shares in the Revision Form, the Applicants must also mention the details of
shares applied for given in his or her Application Form or earlier Revision Form. For example, if Applicant has applied for
1,200 equity shares in the Application Form and such applicant is changing number of shares applied for in the Revision
Form, the applicant must fill the details of 1,200 equity shares, in the Revision Form. The members of the Syndicate, the
Registered Brokers and the Designated Branches of the SCSBs may not accept incomplete or inaccurate Revision Form.

b.) In case of revision, applicants’ options should be provided by applicants in the same order as provided in the Application
Form.

c.) In case of revision of Applicants by Retail Individual Investors and Retail Individual Shareholders, such Applicants should
ensure that the Application Amount, subsequent to revision, does not exceed ₹ 2,00,000. In case the Application Amount
exceeds ₹ 2,00,000 due to revision of the Application or for any other reason, the Application may be considered, subject
to eligibility, for allocation under the Non-Institutional Category or if it is at the Cut-off Price, then such Application may
be rejected. The Cut-off Price option is given only to the Retail Individual Investors and Retail Individual Shareholders
indicating their agreement to apply for and purchase the Equity Shares at the Issue Price.

d.) In case the total amount (i.e., original Application Amount plus additional payment) exceeds ₹ 2,00,000, the Application
will be considered for allocation under the Non-Institutional Category in terms of the Prospectus. If, however, the RII does
not either revise the Application or make additional payment and the Issue Price is higher than the price disclosed in the
Prospectus, the number of Equity Shares applied for shall be adjusted downwards for the purpose of allocation, such that
no additional payment would be required from the RII and the RII is deemed to have approved such revised application at
Cut-off Price.

e.) In case of a downward revision in the Price, RIIs who have applied at the Cut-off Price could either revise their application
or the excess amount paid at the time of application may be unblocked in case of applicants.

13. PAYMENT DETAILS

a.) All Applicants are required to make payment of the full Application Amount along with the Application Revision Form.

b.) Applicant may Issue instructions to block the revised amount based on the revised Price in the ASBA Account of the UPI
Linked Bank Account, to the same Designated Intermediary through whom such applicant had placed the original
application to enable the relevant SCSB to block the additional Application Amount, if any.

c.) In case the total amount (i.e., original Application Amount plus additional payment) exceeds ₹ 2,00,000, the Application
may be considered for allocation under the Non-Institutional Category in terms of the Prospectus. If, however, the Applicant
does not either revise the application or make additional payment and the Price is higher than Issue price disclosed in the
Prospectus prior to the revision, the number of Equity Shares applied for may be adjusted downwards for the purpose of
Allotment, such that additional amount is required blocked and the applicant is deemed to have approved such revised
application at the Cut-off Price.

d.) In case of a downward revision in the Price, RIIs and Retail Individual Shareholders, who have applied at the Cut-off Price,
could either revise their application or the excess amount paid at the time of application may be unblocked.

14. FIELD NUMBER 7: SIGNATURES AND ACKNOWLEDGEMENTS

Applicants may refer to instructions contained at paragraphs 9 above under the heading “Instructions for Filling the Application
Form” for this purpose.

4.3 SUBMISSION OF REVISION FORM/APPLICATION FORM

Applicants may submit completed application form / Revision Form in the following manner:

Mode of Application Submission of Application Form

All Investor Applications To the Designated Intermediaries

Page 24
The aforesaid intermediaries shall, at the time of receipt of application, give an acknowledgement to investor, by giving the
counter foil or specifying the application number to the investor, as a proof of having accepted the application form, in physical
or electronic mode respectively.

SECTION 5: ISSUE PROCEDURE IN BOOK BUILT ISSUE

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

SECTION 6: ISSUE PROCEDURE IN FIXED PRICE ISSUE

6.1. 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. Applicants may only use the specified Application Form for the purpose of
making an Application in terms of the Prospectus which may be submitted through Designated Intermediary.

Applicants may submit an Application Form either in physical/ electronic form to Designated Intermediaries or the Designated
Branches of the SCSBs authorizing 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. Retail Individual Investors applying in public Issue may use either Application Supported by
Blocked Amount (ASBA) facility and making application or also can use UPI as a payment mechanism with Application
Supported by Blocked Amount for making application.

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.

6.2. Grounds for Technical Rejections

Applicants are advised to note that the Applications are liable to be rejected, inter-alia, on the following technical grounds:

 Amount paid does not tally with the amount payable for the highest value of Equity Shares applied for;
 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 1,200;
 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;
 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 Regulations or “qualified institutional buyers” as defined in Rule 144A
under the Securities Act;
 Applications not duly signed;
 Applications by any persons outside India if not in compliance with applicable foreign and Indian laws;
 Applications by any person 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

Page 25
 regulatory authority;
 Applications by persons who are not eligible to acquire Equity Shares of the 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 ₹ 2,00,000, received after 3.00 pm on the Issue Closing Date;
 Applications not containing the details of Bank Account, UPI ID and/or Depositories Account;
 Inadequate funds in the bank account to block the Application Amount specified in the Application Form/Application Form
at the time of blocking such Application Amount in the bank account;
 Where no confirmation is received from SCSB for blocking of funds;
 Applications by Applicants not submitted through ASBA process;
 Applications not uploaded on the terminals of the Stock Exchanges;
 Applications by SCSBs wherein a separate account in its own name held with any other SCSB is not mentioned as the
ASBA Account in the Application Form;
 ASBA Account number or UPI ID not mentioned or incorrectly mentioned in the Application Form;
 Submission of Application Form(s) using third party ASBA Bank Account;
 Submission of more than one Application Form per UPI ID by RIIs applying 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 GID.

APPLICANT 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
EXCHANGE BY THE BROKERS 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 7: ALLOTMENT PROCEDURE AND BASIS OF ALLOTMENT

7.1. Basis of Allotment

Allotment will be made in consultation with SME Platform of BSE (The Designated Stock Exchange). In the event of
oversubscription, the allotment will be made on a proportionate basis in marketable lots as set forth here:

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 1,200 Equity Shares the allotment will be made as
follow:

(i). Each successful applicant shall be allotted 1,200 Equity Shares;

(ii). The successful applicants out of the total applicants for that category shall be determined by the drawal 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 (a)
and (b) above.

d) If the proportionate allotment to an applicant works out to a number that is not a multiple of 1,200 Equity Shares, the
applicant would be allotted Shares by rounding off to the lower nearest multiple of 1,200 Equity Shares subject to a minimum
allotment of 1,200 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 for 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 of applicants applying for the minimum number
of Shares.

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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(2) of the SEBI (ICDR) (Amendment) Regulations, 2018, as the Retail Individual Investor
category is entitled to more than fifty percent on proportionate basis, the retail individual investors shall be allocated
that higher percentage;

(ii). Remaining to Individual applicants other than retail individual investors and other investors including corporate bodies
or institutions, irrespective of the number of specified securities applied for.

Provided that the unsubscribed portion in either of the categories specified in (i) or (ii) above may be available for allocation
to the applicants in the other category, if so required.

“Retail Individual Investor” means an investor who applies for shares of value of not more than ₹ 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 BSE.

The Executive Director/ Managing Director of the SME Platform of BSE, Designated Stock Exchange in addition to Lead
Merchant Banker and Registrar to the Public Offer 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, 2018.

7.2. Designated Date and Allotment of Equity Shares

a.) Designated Date: On the Designated date, the SCSBs or Sponsor Bank shall transfers the funds represented by allocations of
the Equity Shares into 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 it on its website. On the basis of approved basis of allotment, the Issuer shall make necessary corporate action to facilitate
the allotment and credit of equity shares. Applicants are advised to instruct their Depository Participants to accept the Equity
Shares that may be allotted to them pursuant 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. The dispatch of allotment advice shall be deemed a valid, binding and irrevocable
contract.

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

d.) Issuer will make the allotment of the equity shares and initiate corporate action for credit of shares to the successful applicants
Depository Account within 2 (Two) Working Days of the Issue Closing date. The Issuer also ensures the credit of shares to the
successful Applicants Depository Account is completed within Two Working Day from the date of allotment, after the funds
are transferred from ASBA Public Issue Account to Public Issue account of the issuer.

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 (Three) Working Days of the Issue Closing Date. The Registrar to the Issue may give
instructions for credit to Equity Shares the beneficiary account with DPs, and dispatch the Allotment Advice within 2 (Two)
Working Days of the Issue Closing Date.

8.2. Grounds for Unblocking of Funds

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 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 initiate action to unblock the application amount from the Investors accounts. If such money is not
repaid within the 4 (Four) days after the Issuer becomes liable to repay it, then the Issuer and every director of the Issuer who is

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an officer in default may, on and from such expiry of 4 (Four) days, be liable to repay the money, with interest at such rate and
disclosed in the Prospectus.

8.2.2. Minimum Subscription

This Issue is not restricted to any minimum subscription level. This Issue is 100% underwritten.

If the issuer does not receive the subscription of hundred per cent (100%) of the offer 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 offered under the Prospectus, the issuer shall forthwith refund the
entire subscription amount received. If there is a delay beyond 4 (Four) Working Days after the issuer becomes liable to pay the
amount, the issuer and every director of the issuer who are officers in default, shall pay interest at the rate of fifteen per cent per
annum (15% p.a.).

The minimum number of allottees in this Issue shall be 50 shareholders. In case the minimum number of prospective allottees is
less than 50 no allotment will be made pursuant to this Issue and the amounts in the ASBA Account shall be unblocked within
four working days of closure of the issue.

Further in accordance with Regulation 267 of the SEBI (ICDR) Regulations, 2018, our Company shall ensure that the minimum
application size shall not be less than ₹ 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 allottees to whom Equity Shares may be allotted may not be less than 50
failing which the entire application monies may be unblocked forthwith.

8.3. Mode of Unblocking of Funds

Within 4 (Four) Working Days of the Issue Closing Date, the Registrar to the Issue may give instructions to SCSBs or in case
of Applications by RIIs applying through the UPI mechanism to the Sponsor Bank, to revoke the mandate and for unblocking
the amount in ASBA Accounts of unsuccessful Applicants and also for any excess amount blocked on Applications.

The Registrar to the Issue may instruct the controlling branch of the SCSB to unblock the funds in the relevant ASBA Account
for any withdrawn, rejected or unsuccessful ASBA Applications or in the event of withdrawal or failure of the Issue.

8.4. Interest in case of Delay in Allotment

The issuer shall allot securities offered to the public shall be made within the period prescribed by the Board. The issuer shall
also pay interest at the rate of fifteen per cent. per annum if the allotment letters or refund orders have not been dispatched to the
applicants or if, in a case where the refund or portion thereof is made in electronic manner, the refund instructions have not been
given to the clearing system in the disclosed manner within eight days from the date of the closure of the issue. However
applications received after the closure of issue in fulfilment of underwriting obligations to meet the minimum subscription
requirement, shall not be entitled for the said interest.

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
Applicant Any prospective investor who makes an application for Equity Shares in terms of this
Prospectus.
Abridged Prospectus Abridged Prospectus means a memorandum containing such salient features of a
Prospectus as may be specified by SEBI in this behalf.
Acknowledgement Slip The slip or document issued by the Designated Intermediary to an Applicant as proof of
registration of the Application.

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Term Description
Application Form The Form in terms of which the applicant shall apply for the Equity Shares of our
Company.
Application Supported by An application, whether physical or electronic, used by applicants to make an application
Blocked Amount / ASBA authorising a SCSB to block the application amount in the ASBA Account maintained
with the SCSB.
ASBA Account An account maintained with the SCSB and specified in the application form submitted by
ASBA applicant for blocking the amount mentioned in the application form.
Allotment Issue of the Equity Shares pursuant to the Issue to the successful applicants.
Allottee The successful applicant to whom the Equity Shares are being / have been issued.
Basis of Allotment The basis on which equity shares will be allotted to successful applicants under the Issue
and which is described in the section “ISSUE PROCEDURE” on page no. Error!
Bookmark not defined. of this Prospectus.
Bankers to the Issue, Axis Bank Limited.
Sponsor and Refund Banker
Bidding Centers Centers at which the Designated Intermediaries shall accept the Application Forms i.e.
Designated SCSB Branch for SCSBs, Specified Locations for members of the Syndicate,
Broker Centers for Registered Brokers, Designated RTA Locations for RTAs and
Designated CDP Locations for CDPs.
BSE SME The SME Platform of BSE for listing of equity shares offered under Chapter IX of the
SEBI (ICDR) Regulations, 2018 which was approved by SEBI as an SME Exchange on
15th May, 2024.
Business Day Monday to Friday (except public holidays).
Broker Centers Broker centers notified by the Stock Exchanges where investors can submit the
Application Forms to a Registered Broker. The details of such Broker Centers, along with
the names and contact details of the Registered Brokers are available on the websites of
the Stock Exchange.
CAN or Confirmation of The Note or advice or intimation sent to each successful Applicant indicating the Equity
Allocation Note which will be allotted, after approval of Basis of Allotment by the designated Stock
Exchange.
Client Id Client Identification Number maintained with one of the Depositories in relation to demat
account.
Depository A depository registered with SEBI under the SEBI (Depositories and Participants)
Regulations, 2018.
Demographic Details The demographic details of the Applicants such as their Address, PAN, name of the
applicant father / husband, investor status, occupation and Bank Account details.
Designated Date The date on which 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, in terms of the Prospectus, after finalization of the Basis of Allotment in
consultation with the Designated Stock Exchange, following which the Board of Directors
may Allot Equity Shares to successful Bidders in the Offer.
Designated Intermediaries The members of the Syndicate, sub-syndicate / agents, SCSBs, Registered Brokers, CDPs
and RTAs, who are categorized to collect Application Forms from the Applicant, in
relation to the Issue.
Depository Participant A Depository Participant as defined under the Depositories Act, 1996.
DP ID Depository Participant’s Identity Number.
Draft Prospectus The Draft Prospectus dated 29th December, 2023 issued in accordance with Section 26 and
32 of the Companies Act filed with the SME Platform of BSE Limited under SEBI (ICDR)
Regulations.
Eligible NRI NRIs from jurisdictions outside India where it is not unlawful to make an issue or
invitation under the Issue and in relation to whom the Prospectus constitutes an invitation
to subscribe to the Equity Shares Allotted herein.
Engagement Letter The engagement letter dated 22 nd December, 2023 between our Company and the LM.
Fraudulent Borrower Fraudulent borrower as defined under Regulation 2(1)(lll) of the SEBI ICDR Regulations.
Issue Opening Date The date on which the Issue opens for subscription.
Issue Closing date The date on which the Issue closes for subscription.
Issue Period The periods between the Issue Opening Date and the Issue Closing Date inclusive of both
days and during which prospective Applicants may submit their application.
IPO Initial Public Offering.

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Term Description
Issue / Issue Size / Public The Public Issue of 10,24,800 Equity Shares of ₹10/- each at ₹117/- per Equity Share
Issue including share premium of ₹107/- per Equity Share aggregating to ₹1,199.02 Lakhs out
of which 51,600 Equity Shares of face value ₹10/- each for cash at a price of ₹117/- per
Equity Share aggregating to ₹60.37 Lakhs will be reserved for the subscription by the
Market Maker.
Issue Price The price at which the Equity Shares are being issued by our Company through this
Prospectus, being ₹117/- (including share premium of ₹107/- per Equity Share).
LM / Lead Manager Lead Manager to the Issue, in this case being Swastika Investmart Limited.
Listing Agreement Unless the context specifies otherwise, this means the SME Equity Listing Regulation to
be signed between our company and the SME Platform of BSE Limited (“BSE SME”)
(“BSE”).
Market Maker The Market Maker to the Issue, in this case being Nikunj Stock Brokers Limited.
Net Issue The Issue (excluding the Market Maker Reservation Portion) of 9,73,200 Equity Shares
of ₹10/- each at ₹117/- per Equity Share including share premium of ₹107/- per Equity
Share aggregating to ₹1,138.64 Lakhs by Resourceful Automobile Limited.
NPCI NPCI, a Reserve Bank of India (RBI) initiative, is an umbrella organization for all retail
payments in India. It has been set up with the guidance and support of the Reserve Bank
of India (RBI) and Indian Banks Association (IBA).
Non Retail Portion including The remaining portion of the Net Offer, after retails portion, being not more than 50% of
Qualified Institution Buyers the Net issue which shall be available for allocation to NRIIs in accordance with the SEBI
(NRII) ICDR Regulations.
Prospectus The Prospectus, to be filed with the ROC containing, inter alia, the Issue opening and
closing dates and other information.
Public Issue Account An Account of the Company under Section 40 of the Companies Act, 2013 where the
funds shall be transferred by the SCSBs from bank accounts of the ASBA Investors.
Qualified Institutional The qualified institutional buyers as defined under Regulation 2(1)(ss) of the SEBI ICDR
Buyers / QIBs Regulations.
Refund Account Account opened / to be opened with a SEBI Registered Banker to the Issue from which
the refunds of the whole or part of the Application Amount, if any, shall be made.
Registrar / Registrar to the Registrar to the Issue being Cameo Corporate Services Limited.
Issue
Regulations Unless the context specifies something else, this means the SEBI (Issue of Capital and
Disclosure Requirements) Regulations, 2018.
Retail Individual Investors Individual investors (including HUFs applying through their Karta and Eligible NRI
/(RII) Bidders) who applies or bids for the Equity Shares of a value of not more than ₹ 2,00,000/-
.
Retail Portion The portion of the Net Offer being not less than 50% of the Net Equity Shares which shall
be available for allocation to RIIs in accordance with the SEBI ICDR Regulations.
SCSB A Self Certified Syndicate Bank registered with SEBI under the SEBI (Bankers to an
Issue) Regulations, 1994 and offers the facility of ASBA, including blocking of bank
account. A list of all SCSBs is available at
https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=
35
Sponsor Bank The Banker to the Offer registered with SEBI and appointed by our Company to act as a
conduit between the Stock Exchanges and the NPCI in order to push the mandate collect
requests and / or payment instructions of the Retail Individual Bidders into the UPI and
carry out other responsibilities, in terms of the UPI Circulars.
Underwriter Underwriter to the issue being Giriraj Stock Broking (P) Limited.
Underwriting Agreement The Agreement entered into between the Underwriter and our Company dated 02nd
February, 2024.
UPI Unified payment Interface, which is an instant payment mechanism, developed by NPCI.
UPI Circular The SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1, 2018,
SEBI circular no. SEBI/HO/CFD/DIL2/CIR/P/2019/50 dated April 3, 2019, SEBI circular
no. SEBI/HO/CFD/DIL2/CIR/P/2019/76 dated June 28, 2019, SEBI Circular no.
SEBI/HO/CFD/DIL2/CIR/P/2019/85 dated July 26, 2019, Circular number
SEBI/HO/CFD/DCR2/CIR/P/2019/133 dated November 8, 2019, Circular number
SEBI/HO/CFD/DIL2/CIR/P/2020/50 dated March 30, 2020, SEBI circular no.
SEBI/HO/CFD/DIL2/CIR/P/2021/2480/1/M dated March 16, 2021, SEBI circular no.
SEBI/HO/CFD/DIL2/CIR/P/2021/47 dated March 31, 2021, SEBI circular no.

Page 30
Term Description
SEBI/HO/CFD/DIL2/P/CIR/2021/570 dated June 2, 2021 and any subsequent circulars or
notifications issued by SEBI in this regard and any subsequent circulars or notifications
issued by SEBI in this regard.
UPI ID ID created on UPI for single-window mobile payment system developed by the NPCI.
UPI Mandate Request A request (intimating the Retail Individual Bidder by way of a notification on the Mobile
App and by way of a SMS directing the Retail Individual Bidder to such Mobile App) to
the Retail Individual Bidder initiated by the Sponsor Bank to authorize blocking of funds
on the Mobile App equivalent to Bid Amount and Subsequent debit of funds in case of
Allotment.
UPI Mechanism The bidding mechanism that may be used by a RII to make a Bid in the Offer in accordance
with the UPI Circulars.
UPI PIN Password to authenticate UPI transactions.
Wilful Defaulter Wilful defaulter as defined under Regulation 2(1)(lll) of the SEBI ICDR Regulations.
Working Days i. Till Application / Issue closing date:
All days other than a Saturday, Sunday or a public holiday;
i. Post Application / Issue closing date and till the Listing of Equity Shares:
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
and the SEBI circular number SEBI/HO/CFD/DIL2/CIR/P/2018/138 dated November 1,
2018.

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