Bank of baroda

Allotment to Non-Residents including NRIs, FIIs, FVCIs, etc.
Allocation to QIBs, Non-Residents, FIIs and NRIs applying on repatriation basis would be subject to the terms and
conditions stipulated by RBI while granting permission for allotment of Equity Shares to them.
RBI vide its Letter no. FE.CO.FID/4781/10.02.40 (9107)/2005-06 dated September 2, 2005, permitted the Bank to issue
shares to non-residents (except erstwhile OCBs) with repatriation benefits out of the Issue. The permission is subject to
ensuring that the post Issue non-resident equity holding in the Bank shall not exceed 20% of the post Issue paid up
capital.
The shares to be allotted to Non-Residents including NRIs, FIIs, FVCIs, etc shall be worked out on proportionate basis
depending on the category in which the application falls i.e. Retail Individual Bidders, Non–Institutional Bidders or
Qualified Institutional Buyers subject to the Non-Resident holding not exceeding 20% of our post issue paid up capital.
Signing of Underwriting Agreement and Filing with the Designated Stock Exchange
(a)
The Bank, the BRLMs and the Syndicate Members shall enter into an Underwriting Agreement on finalisation of the
Issue Price and allocation(s) to the Bidders.
(b)
After signing the Underwriting Agreement, we would update and file the updated Red Herring Prospectus with the
Designated Stock Exchange, which then would be termed ‘Prospectus’. The Prospectus would have details of the
Issue Price, Issue size, underwriting arrangements and would be complete in all material respects.
Advertisement regarding Issue Price and Prospectus
A statutory advertisement will be issued by the Bank after the filing of the Prospectus with the Designated Stock Exchange.
This advertisement, in addition to the information that has to be set out in the statutory advertisement, shall indicate the
Issue Price. Any material updates between the date of Red Herring Prospectus and the date of Prospectus will be
included in such statutory advertisement.