 

 

 

 

 

Fiscal 2020 Fiscal 2019 Fiscal 2018
Monetary assets”, as a percentage of net tangible assets", as 15.77% 7.40% 9.68%
restated (B/A)*100
Operating profit, as restated 3,062.37 2,165.53 724.97
Net worth, as restated 10,662.29 8,803.65 5,384.85

 

 

 

 

 

(1) Net tangible assets comprises of all net assets of our Bank, excluding deferred tax assets/liability (net) and intangible assets;

(2) Monetary assets of our Bank comprises of cash and balances with the RBI and balances with banks and money at call and short notice;

(3) Operating profits has been computed by deducting total expenses (excluding tax expense) from revenue from operations. The average
operating profit of our Bank for the preceding three fiscals i.e., 2020, 2019 and 2018 is % 1,984.29 million; and

(4) Net worth has been computed as the sum of paid-up equity share capital, share premium and all reserves and surplus excluding
revaluation reserve, as appearing in the Restated Financial Statements for the respective years.

 

We are eligible to undertake the Issue as per Rule 19(2)(b) of the SCRR read with Regulations 6(1) of the SEBI ICDR
Regulations. Accordingly, in accordance with Regulation 32(1) of the SEBI ICDR Regulations we are required to allocate not
more than 50% of the Net Issue to QIBs. Further, not less than 15% of the Net Issue shall be available for allocation on a
proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue shall be available for allocation to RIBs
in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received at or above the Issue Price. In the
event we fail to do so, the full application money shall be refunded to the Bidders.

Further, in accordance with the SEBI ICDR Regulations, our Bank shall ensure that the number of Allottees shall not be less
than 1,000.

DISCLAIMER CLAUSE OF SEBI

IT IS TO BE DISTINCTLY UNDERSTOOD THAT SUBMISSION OF THE DRAFT RED HERRING PROSPECTUS
TO SEBI SHOULD NOT, IN ANY WAY, BE DEEMED OR CONSTRUED THAT THE SAME HAS BEEN CLEARED
OR APPROVED BY SEBI. SEBI DOES NOT TAKE ANY RESPONSIBILITY EITHER FOR THE FINANCIAL
SOUNDNESS OF ANY SCHEME OR THE PROJECT FOR WHICH THE ISSUE IS PROPOSED TO BE MADE OR
FOR THE CORRECTNESS OF THE STATEMENTS MADE OR OPINIONS EXPRESSED IN THE DRAFT RED
HERRING PROSPECTUS. THE BOOK RUNNING LEAD MANAGERS, BEING AXIS CAPITAL LIMITED, ICICI
SECURITIES LIMITED, IIFL SECURITIES LIMITED AND SBI CAPITAL MARKETS LIMITED, HAVE
CERTIFIED THAT THE DISCLOSURES MADE IN THE DRAFT RED HERRING PROSPECTUS ARE
GENERALLY ADEQUATE AND ARE IN CONFORMITY WITH THE SEBI ICDR REGULATIONS. THIS
REQUIREMENT IS TO FACILITATE INVESTORS TO TAKE AN INFORMED DECISION FOR MAKING AN
INVESTMENT IN THE PROPOSED ISSUE.

IT SHOULD ALSO BE CLEARLY UNDERSTOOD THAT WHILE OUR BANK IS PRIMARILY RESPONSIBLE
FOR THE CORRECTNESS, ADEQUACY AND DISCLOSURE OF ALL RELEVANT INFORMATION IN THE
DRAFT RED HERRING PROSPECTUS AND THE SELLING SHAREHOLDERS WILL BE RESPONSIBLE ONLY
FOR THE STATEMENTS SPECIFICALLY CONFIRMED OR UNDERTAKEN BY EACH OF THEM IN THE
DRAFT RED HERRING PROSPECTUS IN RELATION TO THEMSELVES AS SELLING SHAREHOLDERS AND
/ OR THEIR RESPECTIVE PORTIONS OF THE OFFERED SHARES, THE BOOK RUNNING LEAD MANAGERS
ARE EXPECTED TO EXERCISE DUE DILIGENCE TO ENSURE THAT OUR BANK AND THE SELLING
SHAREHOLDERS DISCHARGE THEIR RESPONSIBILITY ADEQUATELY IN THIS BEHALF AND TOWARDS
THIS PURPOSE, THE BOOK RUNNING LEAD MANAGERS HAVE FURNISHED TO SEBI, A DUE DILIGENCE
CERTIFICATE DATED SEPTEMBER 30, 2020 IN THE FORMAT PRESCRIBED UNDER SCHEDULE V(A) OF
THE SEBI ICDR REGULATIONS.

THE FILING OF THIS PROSPECTUS DOES NOT, HOWEVER, ABSOLVE OUR BANK FROM ANY LIABILITIES
UNDER THE COMPANIES ACT, 2013, OR FROM THE REQUIREMENT OF OBTAINING SUCH STATUTORY
OR OTHER CLEARANCES AS MAY BE REQUIRED FOR THE PURPOSE OF THE ISSUE. SEBI FURTHER
RESERVES THE RIGHT TO TAKE UP AT ANY POINT OF TIME, WITH THE BOOK RUNNING LEAD
MANAGERS, ANY IRREGULARITIES OR LAPSES IN THIS PROSPECTUS.

Disclaimer clause of RBI

A license authorizing our Bank to carry on small finance bank business has been obtained from the Reserve Bank of India in
terms of Section 22 of the Banking Regulation Act, 1949. It must be distinctly understood, however, that in issuing the license,
the Reserve Bank of India does not undertake any responsibility for the financial soundness of our Bank or for the correctness
of any of the statements made or opinion expressed in this connection.

Disclaimer from our Bank, our Directors, the Selling Shareholders and Book Running Lead Managers

Our Bank, our Directors, each of the Selling Shareholders and the Book Running Lead Managers accept no responsibility for
statements made otherwise than in this Prospectus or in the advertisements or any other material issued by or at our instance

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