1, All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise
available only on standalone basis) and is sourced from the annual reports/ financial results as available of the
respective company for the year ended March 31, 2020 submitted to stock exchanges

2. P/E ratio is calculated as closing share price (February 12, 2021 - BSE) / Basic EPS for year ended March 31, 2020.
3. Basic and Diluted EPS as reported in the annual report of the company for the year ended March 31, 2020.
4, Return on net worth (%) = Net profit/(loss) after tax / Net worth at the end of the year.
5. Net asset value per share (in 2) = Net worth at the end of the year / Total number of equity shares outstanding at the
end of the year
FE. The Issue price is 30.50 times of the face value of the Equity Shares

The Issue Price of 2305.00 has been determined by our Bank and the Selling Shareholders, in consultation with
the Book Running Lead Managers, on the basis of market demand from investors for Equity Shares through the
Book Building Process and is justified in view of the above qualitative and quantitative parameters.

Investors should read the abovementioned information along with “Risk Factors”, “Our Business”, “Management's

Discussion and Analysis of Financial Condition and Results of Operations” and “Financial Information” beginning on
Pages 22, 141, 306 and 241, respectively, to have a more informed view.

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