proportionate basis only to Eligible Employees Bidding in the Employee Reservation Portion, subject to valid Bids having been
received at or above the Issue Price, net of Employee Discount.

Under-subscription, if any, in any category (including the Employee Reservation Portion), except in the QIB Portion, would be
allowed to be met with spill over from any other category or combination of categories of Bidders at the discretion of our Bank
and the Selling Shareholders, in consultation with the Book Running Lead Managers and the Designated Stock Exchange subject
to receipt of valid Bids received at or above the Issue Price, net of Employee Discount, if any. Under-subscription, if any, in the
QIB Portion, would not be allowed to be met with spill-over from any other category or a combination of categories. Further, in
the event of an under-subscription in the Employee Reservation Portion, such unsubscribed portion may be Allotted on a
proportionate basis to Eligible Employees Bidding in the Employee Reservation Portion, for a value in excess of = 200,000 (net
of Employee Discount), subject to the total Allotment to an Eligible Employee not exceeding = 500,000 (net of Employee
Discount). The unsubscribed portion, if any, in the Employee Reservation Portion was required to be added to the Net Issue. A.
discount of = 30 per Equity Share was offered to Eligible Employees bidding in the Employee Reservation Portion in accordance
with the SEBI ICDR Regulations.

The Equity Shares, on Allotment, shall be traded only in the dematerialized segment of the Stock Exchanges.

Investors should note that the Equity Shares will be Allotted to all successful Bidders only in dematerialised form. The
Bid cum Application Forms which do not have the details of the Bidders’ depository account, including DP ID, Client ID,
PAN and UPI ID, for RIBs Bidding using the UPI Mechanism, shall be treated as incomplete and will be liable to be
rejected. Bidders will not have the option of being Allotted Equity Shares in physical form. However, they may get the
Equity Shares rematerialised subsequent to Allotment of the Equity Shares in the Issue, subject to applicable laws.

Phased implementation of Unified Payments Interface

SEBI has issued the UPI Circulars in relation to streamlining the process of public issue of inter alia, equity shares. Pursuant to
the UPI Circulars, the UPI Mechanism has been introduced in a phased manner as a payment mechanism (in addition to
mechanism of blocking funds in the account maintained with SCSBs under ASBA) for applications by RIBs through Designated
Intermediaries with the objective to reduce the time duration from public issue closure to listing from six Working Days to up to
three Working Days. Considering the time required for making necessary changes to the systems and to ensure complete and
smooth transition to the UPI payment mechanism, the UPI Circulars have introduced the UPI Mechanism in three phases in the
following manner:

Phase I: This phase was applicable from January 1, 2019 until March 31, 2019 or floating of five main board public issues,
whichever was later. Subsequently, the timeline for implementation of Phase I was extended till June 30, 2019. Under this phase,
an RIB had the option to submit the ASBA Form with any of the Designated Intermediary and use his/ her UPI ID for the purpose
of blocking of funds. The time duration from public issue closure to listing continued to be six Working Days.

Phase II: This phase has become applicable from July 1, 2019. SEBI vide its circular no. SEBI/HO/CFD/DCR2/CIR/P/2019/133
dated November 8, 2019 had extended the timeline for implementation of UPI Phase II till March 31, 2020. Further, SEBI vide
its circular no. SEBI/HO/CFD/DIL2/CIR/P/2020 dated March 30, 2020 decided to continue Phase II of UPI with ASBA until
further notice. Under this phase, submission of the ASBA Form by RIBs through Designated Intermediaries (other than SCSBs)
to SCSBs for blocking of funds will be discontinued and will be replaced by the UPI Mechanism. However, the time duration
from public issue closure to listing would continue to be six Working Days during this phase.

Phase III: The commencement period of Phase III is yet to be notified. In this phase, the time duration from public issue closure
to listing is proposed to be reduced to three Working Days.

For further details, refer to the General Information Document available on the websites of the Stock Exchanges and the Book
Running Lead Managers.

Bid cum Application Form

Copies of the ASBA Form and the abridged prospectus were made available with the Designated Intermediaries at the Bidding
Centres, and our Registered and Corporate Office. An electronic copy of the ASBA Form was also made available for download
on the websites of NSE (www.nseindia.com) and BSE (www.bseindia.com) at least one day prior to the Bid/Issue Opening Date.

Copies of the Anchor Investor Application Form were made available with the Book Running Lead Managers.

All Bidders (other than Anchor Investors) were mandatorily required to participate in the Issue only through the ASBA process.
The RIBs could additionally Bid through the UPI Mechanism.

All ASBA Bidders must provide either, (i) bank account details and authorizations to block funds in the ASBA Form; or (ii) the
UPI ID (in case of RIBs), as applicable, in the relevant space provided in the ASBA Form and the ASBA Forms that do not

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