Unit No.1101, Sharda Terraces, Plot No 65, Sector 11, CBD Belapu New Mumbai, Maharashtra - 400614
Phone: 40435800

Public Issue of 19093071 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 295.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
17/03/202119/03/2021305.00 -
Lead Managers Registrar Listed at
AXIS CAPITAL LTD.
ICICI SECURITIES LTD
IIFL SECURITIES LIMITED
SBI CAPITAL MARKETS LIMITED
KFIN Technologies Pvt. Ltd.
Karvy Selenium, Tower B,
Plot No. 31 & 31, Gachibowli,, Financial District, Nanakramguda,
Ranga Reddy District, Telangana - 500032
Phone: 67162222 Fax: 23431551
BSE
NSE
Object of the issue

The Issue comprises a Fresh Issue by the Bank and an Offer for Sale by the Selling Shareholders.

Offer for Sale

Each of the Selling Shareholders will be entitled to its respective portion of the proceeds from the Offer for Sale in proportion to the Equity Shares sold by such Selling Shareholder as part of the Offer for Sale. the Bank will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds.

Objects of the Issue

The Bank proposes to utilize the Net Proceeds from the Fresh Issue towards augmenting the Bank’s Tier – 1 capital base to meet the Bank’s future capital requirements.

The Bank expects to receive the benefits of listing the Equity Shares on the Stock Exchanges.

Promoted by

The Promoters of the Bank are:

1. Baskar Babu Ramachandran
2. P. Surendra Pai
3. P. S. Jagdish
4. G. V. Alankara