HDFC Securities Broker Research reports

Zomato Limited IPO Note Issue Open: July 14 July 16 2021 Price Band: Rs. 72 76 *Issue Size: 1,233,552,632 eq shares (Fresh Issue of 9000 cr + Offer for sale of 375 cr) Issue Size: Rs.9375.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh

Clean Science and Technology Limited IPO Note Issue Open: July 07 July 09, 2021 Price Band: Rs. 880 900 *Issue Size: 17,184,689 eq shares (Entirely Offer for Sale) Issue Size: Rs.1546.62 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh

G R Infraprojects Limited IPO Note Issue Open: July 07 July 09, 2021 Price Band: Rs. 828 837 ( Discount of Rs 42 for eligible Employee) Issue Size: 11,508,704 eq shares (Entirely Offer for Sale) *Issue Size: Rs.963.28 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh Employee Upto 225,000 eq sh

Deal wins (TCS-Proximus, Ericsson, Alcatel-Lucent, Virgin Atlantic; INFY-BP, Archrock, RXR, Britvic; HCLT-Hitachi ABB; WPRO-Levi Strauss, Bristol Water; LTI-Hoist Finance) remained strong in 1QFY22. Acquisition volumes continued in 1Q (WPRO-Ampion; TECHM-DigitalOnUs, Eventus; LTI-Cuelogic; PSYS-Sureline Systems select assets; MTCL-NxT Digital; ZENT-M3bi) to augment capabilities in cybersecurity, DevOps, product development and analytics. We believe that the elevated supply-side pressure is transient and will normalise over the next 1-2 quarters. Strong deal momentum (both pipeline and large deal bookings), broad-based industry-vertical trends towards digital transformation, positive cyclical indicators in product development/engineering services and consulting, accelerated hiring, and improving alignment with hyperscalers/SaaS indicate continuity of momentum for the sector (coverage universe). Tier-1 IT is expected to deliver 4% QoQ (3% organic) and 20% YoY (base impact) revenue growth. In comparison, mid-tier IT is expected to post 3.5% QoQ (range of -3.6% to +5.9% QoQ) with larger mid-tier averaging >4.5% QoQ. Margin will be impacted by wage increases, increase in sub-contracting/attrition, offset partly by operating leverage and FX/offshoring.

India Pesticides Limited IPO Note Issue Open: June 23 June 25, 2021 Price Band: Rs. 290 296 *Issue Size: 27,027,027 eq shares (Fresh issue of 3,378,378 eq sh (Rs.100cr) +offer for Sale of 23,648,649 eq sh (700cr) Issue Size: Rs.800 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh

Krishna Institute Of Medical Sciences Limited IPO Note Issue Open: June 16 June 18, 2021 Price Band: Rs. 815 825 (Discount of Rs.40 for all eligible employees) *Issue Size: 25,984,780 eq shares (Fresh issue of 2,424,242 eq sh +offer for Sale of 23,560,538 eqs h ) Issue Size: Rs.2117.8 2143.7.2cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh Employees Rs.20 cr

Dodla Dairy Limited IPO Note Issue Open: June 16 June 18, 2021 Price Band: Rs. 421 428 *Issue Size: 12,153,668 eq shares (Fresh issue of 1,168,224 eq sh +offer for Sale of 10,985,444 eqs h ) Issue Size: Rs.511.7 520.2cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh

Sona BLW Precision Forgings Limited IPO Note Issue Open: June 14 June 16, 2021 Price Band: Rs. 285 291 *Issue Size: 190,721,649 eq shares (Fresh issue of 10,309,278 eq sh (Rs 300 cr) +offer for Sale of 180,412,371 eq sh (Rs.5250 cr)) Issue Size: Rs. 5435.6 5550.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh

Shyam Metalics and Energy Limited - IPO Note Issue Open: June 14 June 16, 2021 Price Band: Rs. 303 306 ( Discount of Rs 15 for eligible employees) *Issue Size: 29,705,882 eq shares (Fresh issue of 21,470,588 eq sh (Rs.657 cr) +offer for Sale of 8,235,294 eqs h ) Issue Size: Rs.909.0 cr Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail Upto 35% eq sh

POWERGRID Infrastructure Investment Trust - IPO Note Issue Open: April 29 May 03, 2021 Price Band: Rs. 99 100 *Issue Size: 773,499,100 units Issue Size: Rs. 7734.99 cr (Fresh Issue of 4993.48 cr + offer for sale of 2741.51 cr)