Bank of baroda

the case may be.
Right to Reject Bids 
In case of QIB Bidders, the Bank, in consultation with the BRLMs may reject Bids at the time of acceptance of the bid
provided that the reasons for rejecting the same shall be provided to such Bidder in writing. In case of QIB Bidders, Non-
Institutional Bidders and Retail Individual Bidders who Bid, we have a right to reject Bids on technical grounds. Consequent
refunds shall be made by cheque or pay order or draft and will be sent to the Bidder’s address at the Bidder’s risk.
Grounds for Technical Rejections 
Bidders are advised to note that Bids are liable to be rejected on among others on the following technical grounds:
Amount paid does not tally with the amount payable for the highest value of Equity Shares Bid for;
Age of First Bidder not given;
In case of partnership firms, shares may be registered in the names of the individual partners and no firm as such,
shall be entitled to apply;
Bids by Persons not competent to contract under the Indian Contract Act, 1872, including minors, insane Persons;
PAN photocopy/ PAN Communication/ Form 60 declaration along with documentary evidence in support of address
given in the declaration, not given if Bid is for Rs. 50,000 or more;
Submission of the GIR number instead of the PAN;
Bids for lower number of Equity Shares than specified for that category of investors;
Bids at a price less than lower end of the Price Band;
Bids at a price more than the higher end of the Price Band;
Bids at Cut-off Price by Non-Institutional Bidders and QIB;
Bids for number of Equity Shares, which are not in multiples of [
];
Category not ticked;
Multiple Bids as defined in this Red Herring Prospectus;
In case of Bid under power of attorney or by limited companies, corporate, trust etc. relevant documents are not
submitted;

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Bids accompanied by money order/postal order/cash
Signature of sole and /or joint Bidders missing;
Bid cum Application Forms does not have the stamp of the BRLMs or the Syndicate Members;
Bid cum Application Forms does not have Bidder’s depository account details;
Bid cum Application Forms are not delivered by the Bidders within the time prescribed as per the Bid cum Application
Forms, Bid Opening Date/Issue Opening Date advertisement and this Red Herring Prospectus and as per the
instructions in this Red Herring Prospectus and the Bid cum Application Forms;
In case no corresponding record is available with the Depositories that matches three parameters namely, names
of the Bidders (including the order of names of joint holders), the Depositary Participant’s identity (DP ID) and the
beneficiary’s identity;
Bids for amounts greater than the maximum permissible amounts prescribed by the regulations. See the details
regarding the same in the section titled “Issue Procedure–Bids at Different Price Levels” at page 355 of this Red
Herring Prospectus;
Bids by OCBs;
Bids by employees of the Bank or its Subsidiaries who are not Indian nationals and are not in India on the date of
submission of the Bid cum Application form in the Issue;
Bids by QIBs which are made without the QIB Margin Amount;
Bids by QIBs are not made to the BRLMs or Syndicate Members duly appointed by them in this regard; and
Bids by US Persons other than “qualified institutional buyers” as defined in Rule 144A under the Securities Act.