Bank of baroda

D.
For Employee Reservation Portion
Bids received from the Eligible Employees at or above the Issue Price shall be grouped together to determine
the total demand under this category. The allocation to all the successful Employees will be made at the Issue
Price.
If the aggregate demand in this category is less than or equal to 7,100,000 Equity Shares at or above the
Issue Price, full allocation shall be made to the Employees to the extent of their demand.
If the aggregate demand in this category is greater than 7,100,000 Equity Shares at or above the Issue Price,
the allocation shall be made on a proportionate basis up to a minimum of [
] Equity Shares. For the method
of proportionate basis of allocation, refer below.
Only Eligible Employees are eligible to apply under Employee Reservation Portion.
The Basis of Allotment shall be subject to our ensuring that the share holding of Non-Resident in our post issue
paid up capital does not exceed 20%.

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Method of proportionate basis of allocation in the QIB, Retail, Non-Institutional and Employee Reservation Portions
Bidders will be categorized according to the number of Equity Shares applied for by them.
(a)
The total number of Equity Shares to be allotted to each portion as a whole shall be arrived at on a proportionate
basis, being the total number of Equity Shares applied for in that portion (number of Bidders in the portion
multiplied by the number of Equity Shares applied for) multiplied by the inverse of the over-subscription ratio.
(b)
Number of Equity Shares to be allotted to the successful Bidders will be arrived at on a proportionate basis, being
the total number of Equity Shares applied for by each Bidder in that portion multiplied by the inverse of the over-
subscription ratio.
(c)
If the proportionate Allotment to a Bidder is a number that is more than [
] but is not a multiple of one (which is the
market lot), the decimal would be rounded off to the higher whole number if that decimal is 0.5 or higher. If that
number is lower than 0.5, it would be rounded off to the lower whole number. Allotment to all Bidders in such
categories would be arrived at after such rounding off.
(d)
In all Bids where the proportionate Allotment is less than [
] Equity Shares per Bidder, the Allotment shall be made
as follows:
Each successful Bidder shall be Allotted a minimum of [
] Equity Shares; and
The successful Bidders out of the total Bidders for a portion shall be determined by draw of lots in a manner
such that the total number of Equity Shares Allotted in that portion is equal to the number of Equity Shares
calculated in accordance with (b) above; and
Each successful Bidder shall be Allotted a minimum of [
] Equity Shares.
(e)
If the Equity Shares allocated on a proportionate basis to any portion are more than the Equity Shares allotted to
the Bidders in that portion, the remaining Equity Shares available for Allotment shall be first adjusted against any
other portion, where the Equity Shares are not sufficient for proportionate Allotment to the successful Bidders in that
portion. The balance Equity Shares, if any, remaining after such adjustment will be added to the portion comprising
Bidders applying for minimum number of Equity Shares.
The above procedure of proportionate Allotment shall be subject to Non-Resident holding in our Bank not exceeding
20% of the post Issue paid up capital. Thus Equity Shares allotted to non- resident QIBs may be lower than the
proportionate allotment to a resident QIB.