SUMMARY OF THIS PROSPECTUS

The following is a general summary of the terms of the Issue. This summary should be read in conjunction with, and is qualified
in its entirety by, the more detailed information appearing elsewhere in this Prospectus, including “Risk Factors”, “Objects of
the Issue”, “Our Business”, “Industry Overview”, “Outstanding Litigation and Material Developments”, “Main Provisions of
Articles of Association” and “Issue Procedure” beginning on pages 22, 103, 141, 112, 337 and 394, respectively.

Primary business of our Bank and the industry in which it operates

We commenced operations as an NBFC and for over a decade have been serving customers in the unbanked and underbanked
segments in India and promoting financial inclusion. Pursuant to receipt of the RBI Final Approval, we started operations as an
SFB on January 23, 2017. We were among the leading SFBs in India in terms of net interest margins, return on assets, yields
and deposit growth and had the lowest cost-to-income ratio among SFBs in India in Fiscal 2020. (Source: CRISIL Report).
Prior to the operations as an SFB, we operated as an NBFC-MFI carrying out microfinance operations and operated the joint
liability group-lending model for providing collateral-free, small ticket-size loans to economically active women belonging to
weaker sections. Over the years, we have diversified our loan portfolio to include non-micro banking loans thereby reducing our
dependence on micro banking business.

Names of our Promoters

Our Promoters are Baskar Babu Ramachandran, P. Surendra Pai, P. S. Jagdish and G. V. Alankara.

Issue size

The following table summarizes the details of the Issue size:

 

 

 

 

 

 

 

 

 

Issue of Equity SharesOO* 19,093,070" Equity Shares aggregating to % 5,808.39" million

of which:

@ Fresh Issue 8,150,000" Equity Shares aggregating to & 2,479.35" million

(i) Offer for Sale® 10,943,070" Equity Shares aggregating to @ 3,329.04” million by the Selling Shareholders
Employee Reservation Portion 500,000" Equity Shares” aggregating to @ 137.50” million

Net Issue 18,593,070" Equity Shares aggregating to % 5,670.89” million

 

*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 and details of which were announced at least two Working Days prior to the Bid / Issue Opening Date
** Subject to finalisation of Basis of Allotment
# 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 % 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.
© ~The Fresh Issue has been authorised by our Board pursuant to resolution passed on July 3, 2020 and by our Shareholders pursuant to
special resolution passed on July 27, 2020.
® Each of the Selling Shareholders has authorized the sale of its respective portion of the Offered Shares in the Offer for Sale. For details
on the authorization of the Selling Shareholders in relation to the Offered Shares, see “Other Regulatory and Statutory Disclosures”
beginning on page 344.
In the event of under-subscription in the Employee Reservation Portion (if any), the unsubscribed portion was made available for
allocation and Allotment, proportionately to all Eligible Employees who have Bid in excess of % 200,000 (net of employee discount),
subject to the maximum value of Allotment made to such Eligible Employee not exceeding % 500,000 (net of employee discount). The
unsubscribed portion, if any, in the Employee Reservation Portion (after allocation of up to % 500,000), was required to be added to the
Net Issue. For further details, see “Issue Structure” beginning on page 373.

@

Objects of the Issue

Our Bank proposes to utilise the Net Proceeds towards funding the following objects:

 

 

 

Objects Amount™ (in million)
‘Augmenting our Bank’s Tier — 1 capital base to meet our Bank’s future capital requirements 2,479.35"
Total 2,479.35"*

 

 

 

 

* Our Bank has utilised the proceeds from the Pre-IPO Placement towards augmenting our Bank’s Tier — 1 capital base.
** Subject to finalisation of Basis of Allotment

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