Bank of baroda

Public Issue of Equity Shares on December 5, 1996
Public Issue in which 100,000,000 Equity Shares of Rs. 10 each for cash at premium aggregating Rs. 85 million were
allotted to public.
Opening Date
December 5, 1996
Closing Date
December 16, 1996
Date of Allotment
January 15, 1997
Date of Refunds
January 15, 1997
Date of Listing on Stock Exchanges
NSE - February 19, 1997;
BSE - February 21, 1997; and
VSE - February 19, 1997.

---

339
Promise vs. Performance
We have not made any public issue of our equity shares in the past five years. Further, in our initial public offer in 1996,
the funds that were raised by us were utilized for our business as was mentioned in the offer document relating to our
initial public offer in 1996.
Issue of Bonds
Details
Deemed date
Amount
Description
Allotment
Date of
Credit
Rating
of allotment
allotted
Date
Redemption Rating
(Rs. in million)
Agency
Bond Series I
March 18, 1996
5,000.00
Unsecured,
March 18,
March 18,
ICRA
“LAAA”
Non-Convertible,
1996
2001
Redeemable,
Subordinated Bonds
Bond Series II
March 9, 1999
6,000.00
Unsecured,
March 9,
Option – I
ICRA
“LAAA”
Non-Convertible,
1999
April 9,
Redeemable,
2006
Subordinated Bonds
Option – II
April 9, 2006
Option – III
April 9, 2009
Bond Series III
March 30, 2001
6,000.00
Unsecured,
March 30,
Option – I
CRISIL
“AAA”
Non-Convertible,
2001
April 30, 2008 and
(CRISIL)
Redeemable,
Option – II
ICRA
and
Subordinated Bonds
June 30, 2006
“LAAA”
(ICRA)
Bond Series IV
January 2, 2004
3,000.00
Unsecured,
January 2,
July 2, 2014 ICRA
“LAAA”
Non-Convertible,
2004
and
(ICRA)
Redeemable,
FITCH
and
Subordinated Bonds
“AAA (ind)
(FITCH)”
Bond Series V
September 28,
7700.00
Unsecured, Non-
September 28, April 28,
ICRA
“LAAA”
2005
Convertible,
2005
2015
and
(ICRA)
Redeemable,
FITCH
and
Subordinated Bonds
“AAA (ind)
(FITCH)”
Commissions and Brokerages paid on previous issues by us
Name of the Issue
Month and Year
Commission and Brokerage
(Rs. in million)
Public Issue of Equity Shares
December, 1996
212.50
Private Placement of Tier II, Bond Series I
March, 1996
NIL
Private Placement of Tier II, Bond Series II
March, 1999
NIL
Private Placement of Tier II, Bond Series III
March, 2001
NIL
Private Placement of Tier II, Bond Series IV
January, 2004
NIL
Bond Series V
September, 2005
NIL
In case of our bond issues, no separate commission and brokerage is paid apart from the composite lead management
fees that is paid to the lead mangers.
Issues otherwise than for cash
We have not issued any Equity Shares for consideration otherwise than for cash in the last five years.
Remuneration Payable to the Directors
Please refer to the section titled “Our Management- Remuneration of Directors” on page 124 of this Red Herring Prospectus.

---

340
BANK OF BARODA
Purchase of Property
Except as stated in the section titled “Objects of the Issue” and elsewhere in this Red Herring Prospectus, there is no
property which we have purchased or acquired or propose to purchase or acquire which is to be paid for wholly, or in
part, from the net proceeds of the Issue or the purchase or acquisition of which has not been completed on the date of
this Red Herring Prospectus, other than property in respect of which:
the contracts for the purchase or acquisition were entered into in the ordinary course of the business, and the
contracts were not entered into in contemplation of the Issue nor is the Issue contemplated in consequence of the
contracts; or
the amount of the purchase money is not material; or
disclosure has been made earlier in this Red Herring Prospectus.
Except as stated in the section titled “Related Party Transactions” on page 155 of this Red Herring Prospectus, we have
not purchased any property in which any Directors, have any direct or indirect interest in any payment made thereof.
Servicing Behaviour
There has been no default in payment of statutory dues or of interest or principal in respect of our borrowings or
deposits.
Stock Market Data for our Equity Shares
Our Equity Shares are listed on BSE, NSE and VSE.
The VSE has, by its letter dated May 3, 2005 informed us that from April 1, 2002 to the date of the letter, no trading in
the Equity Shares of the Bank has taken place on the VSE.
The following table sets forth, the high and low of daily closing prices of our Equity Shares on BSE and the NSE, for a
period of three years, for the periods indicated
(In Rs.)
Period
BSE
NSE
High
Low
Average
High
Low
Average
2002-2003
90.50
43.50
67.00
90.80
42.90
66.85
2003-2004
269.60
78.00
173.80
269.00
78.20
173.60
2004-2005
269.40
130.00
199.70
275.00
120.00
197.50
The following table sets forth, the number of shares traded on the days when the high and low prices were recorded of
our Equity Shares on BSE and the NSE, in the past three years, on the dates indicated:
Period
BSE
NSE
High
Low
High
Low
Date
Number
Date
Number
Date
Number
Date
Number
of shares
of shares
of shares
of shares
traded
traded
traded
traded
2002-2003
March 28,
1,306,149
September
29,200
March 28,
2,809,364
August 19,
79,229
2003
25, 2002
2003
2002
2003-2004
January 15,
755,211
April 24,
8,85,403
January 15,
1,485,211
April 24,
1,657,649
2004
2003
2004
2003
2004-2005
May 6,
3,393,768
May 17,
8,00,405
May 6,
7,303,070
May 17,
1,674,327
2004
2004
2004
2004

---

341
The following table sets forth, the high and low of daily closing prices of our Equity Shares on BSE and the NSE and the
number of shares traded, in the last six months, for the periods indicated: