ISSUE STRUCTURE

Issue of 1,90,93,070" Equity Shares for cash at price of % 305 per Equity Share (including a premium of % 295 per Equity Share)
aggregating to = 5,808.39" million comprising a Fresh Issue of 8,150,000" Equity Shares aggregating to = 2,479.35" million by
our Bank and an Offer for Sale of 10,943,070° Equity Shares aggregating to = 3,329.04" million by the Selling Shareholders.

The Issue comprises of a Net Issue of 18,593,070" Equity Shares and Employee Reservation Portion of 500,000° Equity Shares
(constituting 0.47% of our post-Issue paid-up Equity Share capital). The Issue and the Net Issue constitute 17.99% and 17.52%,
respectively of the post-Issue paid-up Equity Share capital of our Bank. The face value of the Equity Shares is = 10 each.

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.

* Subject to finalisation of Basis of Allotment.

The Issue is being made through the Book Building Process.

 

 

 

 

 

 

 

 

Particulars | Eligible Employees** QBs Non-Institutional Retail Individual Bidders
Bidders
Number of | 500,000* Equity Shares | Not more than|Not less than 2,788,961°|Not less than 6,507,575"
Equity Shares 9,296,534" Equity | Equity Shares available for | Equity Shares available for
available for Shares allocation or Net Issue less | allocation or Net Issue less
Allotment/ allocation to QIB Bidders | allocation to QIB Bidders
allocation*®) and Retail —_Individual and Non-Institutional
Bidders Bidders
Percentage of | The Employee|Not more than 50% of|Not less than 15% of the|Not less than 35% of the
Issue size | Reservation Portion | the Net Issue was made | Net Issue or the Net Issue} Net Issue or Net Issue less
available for | constituted 0.47% of the | available for allocation|less allocation to QIB|allocation to QIB Bidders
Allotment/ post-Issue paid-up | to QIB Bidders. | Bidders and RIBs and Non-Institutional
allocation Equity Share capital of | However, 5% of the Net Bidders
our Bank QIB Portion was made
available for allocation
proportionately to
Mutual Funds only.
Mutual Funds
participating in the
Mutual Fund Portion
were eligible ~—for
allocation in the
remaining QIB Portion.
The unsubscribed
portion in the Mutual
Fund Portion was added
to the Net QIB Portion
Basis of| Proportionate, the value | Proportionate as follows | Proportionate Proportionate, subject to
Allotment/ of allocation to an (excluding the Anchor minimum bid lot. The
allocation if| Eligible Employee shall | Investor Portion): allotment to each Retail
respective not exceed % 200,000. In Individual Investor was not
category is] the event of|(a) 185,931" Equity less than the minimum Bid
oversubscribed* | undersubscription in the Shares were made Lot,
Employee Reservation available for
Portion, the allocation on a

 

 

 

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