Elara Capital Successfully Closes QIP for DEEP Industries Ltd

QIP Date: 09 December 2016

INR 638.4 mn

Deep Industries Ltd QIP

Sole BRLM December 2016

2

• The only QIP in the Oil & Gas sector in CY2016

• Issue Size: INR 638.4 mn

• Issue Price: INR 228.0 per share

• Face Value: INR 10.0 per share

• Dilution: ~10%

• Sole BRLM: Elara Capital

• Objects of the Issue

Capital expenditure and working capital requirements of the Company

General corporate purposes of the Company

• Founded in 1991, DEEP Industries operates as a diversified services provider to oil and gas companies in India

• Business operations include: Oil and gas field services including air

and natural gas compression services, natural gas dehydration services and services of drilling and work-over rigs

Exploration and production activities including conventional sources such as oil and gas and non-conventional sources like coal bed methane

• As on November 1, 2016, engaged in 29 ongoing contracts for oil and gas field services across nine States in India

• Elara’s marketing efforts ensured no major value erosion despite volatility in the market due to demonetisation

• Participant in Tattva - Nov-16 : The Company was showcased at Elara’s Global Investor Conference – Tattva

• Marketed across multiple regions: India, Singapore, Hong Kong and London

• Attracted strong participation from the global FIIs and FPIs, in a year in which fundraising through QIPs was at record five year low

Elara closes the largest QIP in Q4 CY2016 post Demonetisation Deep Industries QIP successful despite turbulent market conditions

Source: Bloomberg as on 26 Dec 2016 and Company information

Issue Contours Company Overview Focused Issue Marketing

Share price performance since Elara’s engagement in Sep-16

Immediate Effect Post Demonetisation 15 Days Share Price Performance Post QIP Price (INR)

180

200

220

240

260

280

300

320

01-Sep 20-Sep 09-Oct 29-Oct 17-Nov 06-Dec 26-Dec

08-Nov: Demonetisation announced 09-Dec: QIP launched

20-Dec: Reaches 52W

High at INR 313.2

26 –Dec Price: INR 276.2

Disclaimer

This document is not intended to form, and should not be treated as, the basis of any investment decision. The information in this document does not purport to be comprehensive. No representation or warranty, express or implied, is or will be made and no responsibility or liability is or will be accepted by, any member of Elara Capital, or by any of their respective officers, servants or agents or by their advisors or any other person as to or in relation to the accuracy or completeness of the information or the information or opinions contained herein or supplied herewith or any other written or oral information made available to any interested party or its advisors.

Elara Capital PLC

6th Floor, The Grove,

248A Marylebone Road,

London, NW1 6JZ

United Kingdom.

Tel: +44 207 486 9733

Fax: +44 207 486 4776

Elara Capital (India) Pvt. Ltd.

Indiabulls Finance Centre, Tower 3,

21st Floor, Senapati Bapat Marg,

Elphinstone Road (West)

Mumbai – 400 013, India

Tel : +91 22 6164 8599

Elara Capital (Singapore) Pte. Ltd.

30 Raffles Place,

#20-03, Chevron House

Singapore 048622

Tel : +65 65366267

Fax : +65 65365760

Elara Securities Inc.

Member FINRA, SIPC,

950 Third Avenue, Suite 1903

New York, NY 10022, USA

Tel :+1-212-430-5870

Fax : +1 212 208 2501

Elara Capital (Middle East)

202 Currency House,

DIFC, Dubai, UAE

Tel: 00 971 43860981

Fax: 00 971 43860989