1) Bank of Maharashtra, one of the largest banks in Western India, conducted an initial public offering (IPO) of 10 crore shares with a face value of Rs. 10 and a premium of Rs. 13 per share. 2) The IPO was oversubscribed 12 times, with 120 crore shares subscribed totaling Rs. 2,760 crores. 3) Bank of Maharashtra was eligible for the IPO under SEBI guidelines and had received the necessary regulatory approvals to conduct a public issue through the fixed price method.

1. BANK OF MAHARASHTRAInitial Public Offer Misha’al Hamza

2. About Bank of Maharashtra (BOM) Bank of Maharashtra one of the largest banks in Western India Registered as a banking company on the 16th of September, 1935 at Pune The authorized capital was Rs. 10 Lakhs and issued capital of Rs. 5 Lakhs.

3. Milestones 1936 : Commenced business on February 8th 1945 : Deposits crossed Rs. 1.00 crore mark 1969 : The Bank was nationalized with 153 branches 1987 : 1000th branch of theBank opened at IndiraVasahat, Pune 2004 : Bank came up with Initial Public Offering (IPO) 2009 : 1444 branches, 345 ATMs, Total Business over Rs. 90,000 crore, 902 CBS branches.

4. Current Market Scenario

5. Issue Type of Issue – Equity Equity Offered - 10,00,00,000 Shares Face Value – Rs 10 Premium - 13.00 Issue Value – 230 Crores

6. Other Details Lead Manager - SBI Capital Markets Ltd. Listing – BSE and NSE Issue Open : Wednesday February 25th, 2004 Issue Closed : Thursday March 4th, 2004

7. ELIGIBILITY OF THE BANK TO COME OUT WITH THE PUBLIC ISSUE Clause 2.2 of the Guidelines specifies the eligibility requirements for Public Issue by Unlisted Company Clause 2.4.1, however, exempts a banking company from these requirements In terms of Clause 2.4.1, the Bank is eligible to come out with Public Issue The Bank had received necessary approval for making the Issue through the fixed price route

8. MINIMUM SUBSCRIPTION If the Bank does not receive the minimum subscription of 90% of the issue amount, on the date of closure of the Issue, or if the subscription level falls below 90% after the closure of the Issue on account of cheques having been returned unpaid or withdrawal of applications, the Bank shall forthwith refund the entire subscription amount received. If there is delay beyond 8 days after the Bank becomes liable to pay the amount, the Bank shall pay interest as per Section 73 of the Companies Act, 1956

9. ISSUE MANAGEMENT TEAM Lead Managers to the Issue SBI CAPITAL MARKETS LTD. KOTAK MAHINDRA CAPITAL COMPANY LIMITED ENAM FINANCIAL CONSULTANTS PRIVATE LIMITED A. K. CAPITAL SERVICES LIMITED ALLIANZ SECURITIES LIMITED Co-Managers to the Issue KARVY INVESTOR SERVICES LTD. Registrar to the Issue MCS LIMITED

10. Others Legal Advisor to the Issue LITTLE & CO. Auditors to the Issue M/s Sridhar & Santhanam M/s N. Kumar Chhabra & Co. M/s JCR & Co. M/s Jodh Joshi & Co. M/s M. Mittal & Aggarwal M/s JagdishChand & Co

11. RIGHTS OF THE EQUITY SHAREHOLDERS a) Right to receive dividend, if declared b) Right to attend general meetings and exercise voting powers, unless prohibited by law c) Right to vote either personally or by proxy, subject to Section 3(2E) of the Bank Nationalization Act.

12. Result… Bank of Maharashtra had come out with a public issue of 10 crore shares. The issue was oversubscribed 12 times. ie Equal to 120 Crore shares were subscribed