 

Description

 

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

 

Issue Agreement

‘Agreement dated September 30, 2020 entered amongst our Bank, the Selling Shareholders, Apneet Kahlon,
Chintan Harkantbhai Trivedi and Polaris Banyan Holding Private Limited and the Book Running Lead
Managers, pursuant to which certain arrangements have been agreed to in relation to the Issue read with the
amendment to the Issue Agreement dated March 3, 2021 between our Bank, the Selling Shareholders and
the Book Running Lead Managers read with the IA Termination Letters

 

Issue Price

‘The final price at which Equity Shares will be Allotted to ASBA Bidders in terms of the Red Herring
Prospectus and this Prospectus. Equity Shares will be Allotted to Anchor Investors at the Anchor Investor
Issue Price, which was decided by our Bank and the Selling Shareholders, in consultation with the Book
Running Lead Managers, in terms of the Red Herring Prospectus and this Prospectus.

The Issue Price was decided by our Bank and the Selling Shareholders, in consultation with the Book
Running Lead Managers, on the Pricing Date in accordance with the Book Building Process and the Red
herring Prospectus and this Prospectus.

A discount of 30 per Equity Share was offered to Eligible Employees bidding in the Employee Reservation
Portion. This Employee Discount was decided by our Bank and the Selling Shareholders, in consultation
with the Book Running Lead Managers

 

Issue Proceeds

‘The proceeds of the Fresh Issue which shall be available to our Bank and the proceeds of the Offer for Sale
which shall be available to the Selling Shareholders. For further information about use of the Issue Proceeds,
see “Objects of the Issue” beginning on page 103

 

Mutual Fund Portion

5% of the Net QIB Portion, or 185,931" Equity Shares which was made available for allocation to Mutual
Funds only on a proportionate basis, subject to valid Bids having been received at or above the Issue Price
* Subject to finalisation of Basis of Allotment

 

 

 

Net Issue The Issue less the Employee Reservation Portion

Net Proceeds Proceeds of the Fresh Issue less our Bank’s share of the Issue expenses. For further details regarding the
use of the Net Proceeds and the Issue expenses, see “Objects of the Issue” beginning on page 103

Net QIB Portion ‘The portion of the QIB Portion less the number of Equity Shares Allotted to the Anchor Investors

 

Non-Institutional Bidders

All Bidders that are not QIBs or Retail Individual Bidders and who have Bid for Equity Shares for an
amount of more than %200,000 (but not including NRIs other than Eligible NRIs)

 

Non-Institutional Portion

‘The portion of the Issue being not less than 15% of the Net Issue consisting of 2,788,961" Equity Shares
which was made available for allocation on a proportionate basis to Non-Institutional Bidders, subject to
valid Bids having been received at or above the Issue Price

* Subject to finalisation of Basis of Allotment

 

Non-Resident

Person resident outside India, as defined under FEMA and includes a non-resident Indian, FVCIs and FPIs

 

 

Offer for Sale The offer for sale of 10,943,070" Equity Shares aggregating to % 3,329.04" million by the Selling
Shareholders in the Issue
* Subject to finalisation of Basis of Allotment

Offered Shares 10,943,070" Equity Shares aggregating to & 3,329.04" million being offered by the Selling Shareholders in

the Offer for Sale
* Subject to finalisation of Basis of Allotment

 

Pre-IPO Placement

‘A pre-IPO placement of 5,208,226 Equity Shares by our Bank for cash consideration aggregating & 1,519.50
million, in consultation with the Book Running Lead Managers. 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 2 291.75 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 8 291.75 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 2
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.

 

 

Price Band

 

‘The price band of a minimum price of & 303 per Equity Share (Floor Price) and the maximum price of @
305 per Equity Share (Cap Price).

‘The Price Band, the Employee Discount and the minimum Bid Lot size for the Issue were decided by our
Bank and Selling Shareholders, in consultation with the Book Running Lead Managers, and were
advertised, at least two Working Days prior to the Bid/ Issue Opening Date, in all editions of Financial

 

 
