of Bids for such number of Equity Shares, as may result in the shareholding of a Bidder (along with his relatives, associate enterprises or

persons acting in concert with such person) exceeding 5% or more of the total paid-up share capital of our Bank or entitles him to exercise

5% or more of the voting rights in our Bank, such Bidder is required to submit the approval obtained from the RBI with the Registrar to

the Issue, at least one Working Day prior to the finalisation of the Basis of Allotment. In case of failure by such Bidder to submit the

approval obtained from the RBI within the above time period, our Bank may Allot maximum number of Equity Shares, as adjusted for the

Bid Lot (and in case of over-subscription in the Issue, after making applicable proportionate allocation for the Equity Shares Bid for),

that will limit the aggregate shareholding of the Bidder (along with his relatives, associate enterprises or persons acting in concert with

such person and including existing shareholding, if any) to less than 5% of the post-Issue paid-up Equity Share capital of our Bank. For
details, see “Key Regulations and Policies” and “Issue Procedure” beginning on pages 172 and 377, respectively.

Subject to valid Bids having been received at or above the Issue Price. This is an Issue in terms of Rule 19(2)(b) of the SCRR and under

the SEBI ICDR Regulations.

If the Bid is submitted in joint names, the Bid cum Application Form have contained only the name of the first Bidder whose name appeared

as the first holder of the depository account held in joint names. The signature of only the first Bidder were required in the Bid cum

Application Form and such first Bidder would be deemed to have signed on behalf of the joint holders. Bidders were required to confirm

and were deemed to have represented to our Bank, each of the Selling Shareholders, the Underwriters, their respective directors, officers,

agents, affiliates and representatives that they were eligible under applicable law, rules, regulations, guidelines and approvals to acquire
the Equity Shares.

Full Bid Amount was required to be payable by the Anchor Investors at the time of submission of the Anchor Investor Application Forms
provided that any difference between the Anchor Investor Allocation Price and the Anchor Investor Issue Price shall be payable by the
‘Anchor Investor Pay-In Date as indicated in the CAN.

The Bids by FPIs with certain structures as described under “‘Issue Procedure - Bids by FPIs” on pages 381 to 383 and having same PAN

may be collated and identified as a single Bid in the Bidding process. The Equity Shares Allocated and Allotted to such successful Bidders

(with same PAN) may be proportionately distributed.

Bidders were required to confirm and were deemed to have represented to our Bank, the Selling Shareholders, the Underwriters, their

respective directors, officers, agents, affiliates and representatives that they were eligible under applicable law, rules, regulations, guidelines

and approvals to acquire the Equity Shares.

 

 

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Employee Discount was offered to Eligible Employees bidding in the Employee Reservation Portion, and, at the time of making
a Bid. Eligible Employees bidding in the Employee Reservation Portion at a price within the Price Band made payment based
on Bid Amount net of Employee Discount, at the time of making a Bid. Eligible Employees bidding in the Employee Reservation
Portion at the Cut-Off Price have ensured payment at the Cap Price, less Employee Discount, at the time of making a Bid.

Subject to valid Bids having been received at or above the Issue Price, under-subscription, if any, in any category except the QIB
Portion, was allowed to be met with spill over from any other category or combination of categorises at the discretion of our
Bank and the Selling Shareholders, in consultation with the Book Running Lead Managers and the Designated Stock Exchange,
on a proportionate basis.

376
