Bank of baroda

Method and Process of Bidding
(a)
The Bank, the BRLMs shall declare the Bid Opening Date/Issue Opening Date, Bid Closing Date/Issue Closing
Date and Price Band at the time of filing the Red Herring Prospectus with the Designated Stock Exchange and also
publish the same in Financial Express, an English language newspaper with wide circulation, Jansatta, a Hindi
language newspaper with wide circulation and Vadodara Samachar, a Gujarati language newspaper. The BRLMs
and Syndicate Members shall accept Bids from the Bidders during the Issue Period in accordance with the terms of
the Syndicate Agreement. QIBs should submit their BID to BRLMs or Syndicate Members duly appointed by them in
this regard.
(b)
Investors other than QIBs, who are interested in subscribing for the Equity Shares should approach any of the
members of the Syndicate or their authorized agent(s) to register their Bid. QIBs shall register their Bids only
through a BRLM/or a Syndicate Member duly appointed by it in this regard.
(c)
The Bidding Period shall be a minimum of three working days and not exceed seven working days. In case the
Price Band is revised, the revised Price Band and Bidding Period will be published in Financial Express, an
English language newspaper with wide circulation, Jansatta, a Hindi language newspaper with wide circulation and
Vadodara Samachar, a Gujarati language newspaper and the Bidding Period may be extended, if required, by an
additional three days, subject to the total Bidding Period not exceeding ten working days.
(d)
Each Bid cum Application Form will give the Bidder the choice to bid for up to three optional prices (for details see
the section titled “Issue Procedure-Bids at Different Price Levels” on page 355 of this Red Herring Prospectus)
within the Price Band and specify the demand (i.e. the number of Equity Shares Bid for) in each option. The price
and demand options submitted by the Bidder in the Bid cum Application Form will be treated as optional demands
from the Bidder and will not be cumulated. After determination of the Issue Price, the maximum number of Equity
Shares Bid for by a Bidder at or above the Issue Price will be considered for allocation and the rest of the Bid(s),
irrespective of the Bid price, will become automatically invalid.
(e)
The Bidder cannot bid on another Bid cum Application Form after Bids on one Bid cum Application Form have
been submitted to any member of the Syndicate. Submission of a second Bid cum Application Form to either the
same or to another member of the Syndicate may be treated as multiple Bids and is liable to be rejected either
before entering the Bid into the electronic bidding system, or at any point of time prior to the allocation or Allotment
of Equity Shares in this Issue. However, the Bidder can revise the Bid through the Revision Form, the procedure for
which is detailed under the section titled “Issue Procedure-Build up of the Book and Revision of Bids” on page 358
of this Red Herring Prospectus.
(f)
The Syndicate Members will enter each Bid option into the electronic bidding system as a separate Bid and
generate a Transaction Registration Slip, (
“TRS”
), for each price and demand option and give the same to the
Bidder. Therefore, a Bidder can receive up to three TRSs for each Bid cum Application Form.

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355
(g)
During the Bidding Period, Bidders may approach the members of the Syndicate to submit their Bid. Every member
of the Syndicate shall accept Bids from all clients / investors who place orders through them and shall have the
right to vet the Bids. In case of Bids by QIB, the same shall be submitted only through the BRLMs or Syndicate
Members duly appointed by them in this regard.
(h)
Along with the Bid cum Application Form, all Bidders will make payment in the manner described under the section
titled “Issue Procedure-Terms of Payment and Payment into the Escrow Accounts” on page 356 of this Red Herring
Prospectus.