Withdrawal of the Issue

Our Bank and the Selling Shareholders, in consultation with the Book Running Lead Managers, reserve the right not to proceed
with the Fresh Issue, and each of the Selling Shareholders reserves the right not to proceed with the Offer for Sale, in whole or
in part thereof, to the extent of its respective portion of the Offered Shares, after the Bid/Issue Opening Date but before the
Allotment. In such an event, our Bank would issue a public notice in the newspapers in which the pre-Issue advertisements were
published, within two days of the Bid/Issue Closing Date or such other time as may be prescribed by SEBI, providing reasons
for not proceeding with the Issue. The Book Running Lead Managers, through the Registrar to the Issue, shall notify the SCSBs
and the Sponsor Bank (in case of RIB’s using the UPI Mechanism), to unblock the bank accounts of the ASBA Bidders and the
Escrow Collection Bank to release the Bid Amounts to the Anchor Investors, within one Working Day from the date of receipt
of such notification. Our Bank shall also inform the same to the Stock Exchanges on which the Equity Shares are proposed to be
listed.

Notwithstanding the foregoing, this Issue is also subject to obtaining final listing and trading approvals of the Stock Exchanges,
which our Bank shall apply for after Allotment. If our Bank and the Selling Shareholders, in consultation with the Book Running
Lead Managers withdraw the Issue after the Bid/Issue Closing Date and thereafter determine that they will proceed with public
offering of the Equity Shares, our Bank shall file a fresh draft red herring prospectus with SEBI and the Stock Exchanges.

Bid/Issue Programme

 

BID/ISSUE OPENED ON Wednesday, March 17, 2021”
BID/ISSUE CLOSED ON Friday, March 19, 2021
(1) The Anchor Investor Bid/Issue Period was one Working Day prior to the Bid/Issue Opening Date i.e, March 16, 2021 in accordance with
the SEBI ICDR Regulations

 

 

 

 

 

An indicative timetable in respect of the Issue is set out below:

 

 

 

 

 

 

 

Event Indicative Day and Date

Finalisation of Basis of Allotment with the Designated Stock Exchange On or about Wednesday, March 24,
2021

Initiation of refunds (if any, for Anchor Investors)/unblocking of funds from ASBA| On or about Wednesday, March 24,

Account 2021

Credit of Equity Shares to demat accounts of Allottees On or about Thursday, March 25,
2021

Commencement of trading of the Equity Shares on the Stock Exchanges On or about Tuesday, March 30,
2021

 

 

The above timetable is indicative and does not constitute any obligation or liability on our Bank, the Selling Shareholders
or the Book Running Lead Managers.

Whilst our Bank shall ensure that all steps for the completion of the necessary formalities for the listing and the
commencement of trading of the Equity Shares on the Stock Exchanges are taken within six Working Days from the
Bid/Issue Closing Date or such period as may be prescribed, the timetable may change due to various factors, any delay
in receiving the final listing and trading approval from the Stock Exchanges. The commencement of trading of the Equity
Shares will be entirely at the discretion of the Stock Exchanges and in accordance with the applicable laws.

In terms of the UPI Circulars, in relation to the Issue, the Book Running Lead Managers will submit reports of compliance with
T+6 listing timelines and activities, identifying non-adherence to timelines and processes and an analysis of entities responsible
for the delay and the reasons associated with it.

In case of any delay in unblocking of amounts in the ASBA Accounts (including amounts blocked through the UPI Mechanism)
exceeding four Working Days from the Bid/Issue Closing Date, the Bidder shall be compensated at a uniform rate of = 100 per
day for the entire duration of delay exceeding four Working Days from the Bid/Issue Closing Date by the intermediary
responsible for causing such delay in unblocking. The Book Running Lead Managers shall, in their sole discretion, identify and
fix the liability on such intermediary or entity responsible for such delay in unblocking.

Submission of Bids (other than Bids from Anchor Investors):

 

 

 

 

 

 

Bid/Issue Period (except the Bid/Issue Closing Date)
Submission and Revision in Bids Only between 10:00 a.m. and 5:00 p.m. (Indian Standard Time (“IST”)
Bid/Issue Closing Date
Submission and Revision in Bids Only between 10:00 a.m. and 3:00 p.m. IST

 

 

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