SECTION III: INTRODUCTION

 

 

 

 

 

 

 

 

 

 

 

 

 

THE ISSUE
The following table summarizes the Issue details:
Issue of Equity Shares@* 19,093,070" Equity Shares aggregating to % 5,808.39" million
of which:
@ Fresh Issue 8,150,000" Equity Shares aggregating to & 2,479.35" million
(ii) Offer for Sale 10,943,070" Equity Shares aggregating to & 3,329.04" million by the Selling
Shareholders
of which:
(i) Employee Reservation Portion 500,000" Equity Shares, aggregating to € 137.50" million
(ii) Net Issue 18,593,070" Equity Shares, aggregating to € 5,670.89" million
‘of which:
A) QIB Portion©%) Not more than 9,296,534" Equity Shares
of which:
Anchor Investor Portion 5,577,920" Equity Shares
Net QIB Portion 3,718,614" Equity Shares
‘of which:

 

‘Available for allocation to Mutual Funds only | 185,931" Equity Shares
(5% of the Net QIB Portion) ®

 

Balance of QIB Portion for all QIBs including | 3,532,683" Equity Shares
Mutual Funds

 

B) Non-Institutional Portion® Not less than 2,788,961" Equity Shares

 

Cc) Retail Portion Not less than 6,507,575" Equity Shares

 

 

Pre-Issue and post-Issue Equity Shares

 

 

 

 

 

 

 

 

Equity Shares outstanding prior to the Issue 97,980,826 Equity Shares

Equity Shares outstanding after the Issue 106,130,826" Equity Shares

Utilization of Net Proceeds See “Objects of the Issue” beginning on page 103 for details regarding the use
of proceeds from the Fresh Issue. Our Bank will not receive any proceeds from
the Offer for Sale.

 

Subject to finalisation of Basis of Allotment

# Our Bank has undertaken a Pre-IPO placement of 5,208,226 Equity Shares comprising (i) a private placement of 3,084,833 Equity Shares
to SBI Life Insurance Company Limited for cash at a price of @ 291.75 per Equity Share aggregating to approximately % 900.00 million;
(ii) a private placement of 1,713,795 Equity Shares to Axis Flexi Cap Fund for cash at a price of % 291.75 per Equity Share aggregating
to approximately % 499.99 million; (iii) a private placement of 342,760 Equity Shares to Axis Equity Hybrid Fund for cash at a price of =
291.75 per Equity Share aggregating to approximately & 100.00 million; and (iv) a private placement of 66,838 Equity Shares to Kiran
Vyapar Limited for cash at a price of @ 291.75 per Equity Share aggregating to approximately % 19.50 million pursuant to shareholders’
resolution dated February 13, 2021 and the resolution of the board dated February 23, 2021. The size of the Fresh Issue was reduced by
5,208,226 Equity Shares pursuant to the Pre-IPO placement. Further, pursuant to the resolution of the Board dated March 2, 2021, our
Bank has also increased the Fresh Issue size by 1,763,226 Equity Shares (within the limits for Fresh Issue approved by our Shareholders
on July 27, 2020). Accordingly, the Fresh Issue size was 8,150,000 Equity Shares.

1. The Fresh Issue has been authorised by our Board pursuant to resolution passed on July 3, 2020 and by our Shareholders pursuant to
special resolution passed on July 27, 2020.

 

2. Each of the Selling Shareholders has authorized the sale of its respective portion of the Offered Shares in the Offer for Sale, as set out

 

 

 

 

 

 

below:
Ss. ‘Name of the Selling Shareholder Up to Offered Shares Date of Selling Shareholders’ | Date of board resolution/
‘No. Consent Letter investment committee
resolution
1. [IFC 4,387,888 Equity Shares ‘September 5, 2020 -
aggregating to 2 1,334.86
million
2. | Gaja Capital Fund It Limited 2,021,952 Equity Shares March 2, 2021" March 2, 2021'
aggregating to % 615.11
million
3. | DWM (International) Mauritius Ltd 1,889,845 Equity Shares March 2, 2021 February 26, 20217
aggregating to % 574.92
million
4, |HDFC Holdings Limited 750,000 Equity Shares| September 29, 2020 ‘May 3, 2019
aggregating to % 228.16
million
5, |IDFC FIRST Bank Limited 1,500,000 Equity Shares) February 25, 2021" February 18, 20217
aggregating to % 456.32
million

 

 

 

 

 

 

 

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