Bank of baroda

Allotment Reconciliation
After the Bid/Offer Closing Date, an electronic book will be prepared by the Registrar on the basis of Bid applications
received. Based on the electronic book, QIBs will be sent a CAN indicating the number of equity shares that are being
allocated to them. However, within a few days thereafter but prior to the Board meeting for final allotment of equity
shares in the Issue, the Registrar will also prepare a physical book, which may be different from the electronic book. This
is because certain applications in the Non-Institutional Portion and Retail Portion may be rejected due to non-receipt of
funds, cancellation of cheques, cheque bouncing, incorrect details, technical rejections, etc, and these rejected applications
may not be reflected in the electronic book but will be reflected in the physical book. As a result, additional equity shares
may be available for allocation in the QIB Portion provided the QIB Portion is oversubscribed and the Non-Institutional
Portion and Retail Portion is not fully subscribed. In such event, QIBs may receive an increased allocation of equity
shares and such increase in allocation will be reflected in a revised CAN that is sent to QIBs.”

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BANK OF BARODA
The following procedure shall be subject to the paragraph on Allotment Reconciliation contained above.
Issuance of CAN
(a)
Upon approval of the Basis of Allotment by the Designated Stock Exchange, the BRLMs or the Registrar to the
Issue shall send to the members of the Syndicate a list of their Bidders who have been allocated Equity Shares in
the Issue. Investors should note that the Bank shall ensure that the demat credit of Equity Shares shall be made
within two days of allotment.
(b)
The BRLMs or members of the Syndicate would then send the CAN to their Bidders who have been allocated
Equity Shares in the Issue. The dispatch of CAN shall be deemed a valid, binding and irrevocable contract for the
Bidder to pay the entire Issue Price for all the Equity Shares allocated to such Bidder.
(c)
Bidders who have been allocated Equity Shares and who have already paid the Margin Amount for the said Equity
Shares into the Escrow Account at the time of bidding shall directly receive the CAN from the Registrar to the Issue
subject, however, to realisation of their cheque or demand draft or adequate proof of the electronic transfer of funds
through the RTGS mechanism, paid into the Escrow Accounts. The dispatch of a CAN shall be a deemed a valid,
binding and irrevocable contract for the Bidder.