Bank of baroda

Payment Instructions
We shall open Escrow Accounts with the Escrow Collection Bank for the collection of the Bid Amounts payable upon
submission of the Bid cum Application Form and for amounts payable pursuant to allocation in the Issue.
Each Bidder shall draw a cheque or demand draft or effect an electronic transfer under the RTGS mechanism for the
amount payable on the Bid and/or on allocation as per the following terms:
(a)
Payment into Escrow Account
The Bidders for whom the applicable Margin Amount is equal to 100% or 10% as the case may be, shall,
with the submission of the Bid cum Application Form draw a payment instrument for the Margin Amount in
favour of the Escrow Account and submit the same to the members of the Syndicate. In case of Bids by QIBs,
QIBs may also remit the Bid Amount through an electronic of funds under the RTGS mechanism.
QIB Bidders will be required to deposit a margin of 10% at the time of submitting of their Bids.
In case the above Margin Amount paid by the Bidders during the Bidding Period is less than the Issue Price
multiplied by the Equity Shares allocated to the Bidder, the balance amount shall be paid by the Bidders into
the Escrow Account within the period specified in the CAN which shall be subject to a minimum period of two
days from the date of communication of the allocation list to the members of the Syndicate by the BRLMs.
The payment instruments for payment into the Escrow Account should be drawn in favour of:
o
In case of Resident QIB Bidders : BOB FPO QIB
o
In case of Non-Resident QIB Bidders : BOB FPO QIB - NR
o
In case of Resident Retail and Non Institutional Bidders : BOB FPO
o
In case of Non-Resident Retail and Non Institutional Bidders applying on a non-repatriation basis: BOB
FPO- NR
o
In case of Eligible Employees: BOB FPO- Emp
In case of bids by NRIs applying on a repatriation basis, the payments must be made through Rupee drafts
purchased abroad or cheques or bank drafts, for the amount payable on application remitted through normal
banking channels or out of funds held in the NRE Accounts or the Foreign Currency Non-Resident Accounts,

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maintained with banks authorised to deal in foreign exchange in India, along with documentary evidence in
support of the remittance. Payment will not be accepted out of Non-Resident Ordinary (NRO) Account of the
Non-Resident Bidder bidding on a repatriation basis. Payment by drafts should be accompanied by bank
certificate confirming that the draft has been issued by debiting to the NRE Account or the Foreign Currency
Non-Resident Account.
In case of Bids by FIIs, the payment should be made out of funds held in Special Rupee Account along with
documentary evidence in support of the remittance. Payment by drafts should be accompanied by bank
certificate confirming that the draft has been issued by debiting to Special Rupee Account.
Where a Bidder has been allocated a lesser number of Equity Shares than the Bidder has Bid for, the excess
amount, if any, paid on bidding, after adjustment towards the balance amount payable on the Equity Shares
allocated, will be refunded to the Bidder from the Escrow Accounts.
The monies deposited in the Escrow Account will be held for the benefit of the Bidders till the Designated
Date.
On the Designated Date, the Escrow Collection Bank(s) shall transfer the funds from the Escrow Account as
per the terms of the Escrow Agreement into the Issue Account with the Banker to the Issue.
On the Designated Date and no later than 15 days from the Bid Closing Date/Issue Closing Date, the Escrow
Collection Bank(s) shall also refund all amounts payable to unsuccessful Bidders and also the excess amount
paid on Bidding after adjusting for allocation to the Bidders