Ujjivan Bank IPO Basis of Allotment

The Issue was made through the Book Building Process, in terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended ('SCRR') read with Regulation 31 of the SEBI ICDR Regulations and in compliance with Regulation 6(2) of the SEBI ICDR Regulations, wherein not less than 75% of the Net Issue was allocated on a proportionate basis to Qualified Institutional Buyers ('QIBs') ('QIB Portion'), our Bank may. in consultation with the BRLMs, allocated 60% of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI ICDR Regulations ('Anchor Investor Portion'), of which one-third was reserved for domestic Mutual Funds, subject to valid Bids being received from domestic Mutual Funds at or above the Anchor Investor Allocation Price. In the event of under-subscription, or non-allocation in the Anchor Investor Portion, the balance Equity Shares shall be added to the Net QIB Portion. Further. 5% of the Net QIB Portion (excluding the Anchor Investor Portion) shall be available for allocation on a proportionate basis only to Mutual Funds, and the remainder of the Net QIB Portion shall be available for allocation on a proportionate basis to all QIBs, including Mutual Funds, subject to valid Bids being received at or above the Issue Price. Further, not more than 15% of the Net Issue was made available for allocation on a proportionate basis to Non-Institutional Investors and not more than 10% of the Net Issue was made available for allocation to Retail Individual Bidders in accordance with the SEBI ICDR Regulations, subject to valid Bids having been received at or above the Issue Price. All potential Bidders (except Anchor Investors) were required to mandatorily utilise the Application Supported by Blocked Amount ('ASBA') process providing details of their respective ASBA accounts, and UPI ID (in case of RIBs and Eligible UFSL Shareholders Bidding in the UFSL Shareholder Reservation Portion) if applicable, in which the corresponding Bid Amounts were blocked by the SCSBs or under the UPI Mechanism, as applicable. Anchor Investors were not permitted to participate in the Issue through the ASBA process. For details, see 'Issue Procedure' on page 332 of the Prospectus.

The Issue received 1,560,440 applications for 20,55,31,09,600 Equity Shares resulting in 101.39534 times subscription as disclosed in Prospectus. The details of the applications received in the Issue from Retail Individual Bidders, Non-lnstitutional Bidders and QIBs are as under (before technical rejections):

Final Demand

A summary of the final demand as per BSE and NSE as on the Bid/issue Closing Date at different Bid prices is as under:

The Basis of Allotment was finalized in consultation with the Designated Stock Exchange, being NSE on December 9, 2019.

Please Note : 1 additional Share shall be allotted to 43 Allottees from amongst 5552 Successful Applicants from the categories 800-5200 (i.e.excluding successful applicants from Category 400) in the ratio of 43:5552.

Please Note: 1 additional Share was allotted to Category 800 In the ratio 17:141

The basis of allotment of Equity Shares was approved by the Designated Stock Exchange, being NSE, and the Stakeholders Relationship Committee of the Bank on December 10, 2019 has allotted the Equity Shares to successful Bidders The Allotment Advice Cum Refund Intimation will be dispatched to the address of the investors as registered with the depositories. Further, instructions to the SCSBs have been issued for unblocking of funds and transfer to the Public Issue Account on December 9, 2019 and the payments to non-syndicate brokers have been issued on December 11, 2019. In case the same is not received within ten days, investors may contact the Registrar to the Issue at the address given below The Equity Shares allotted to the successful allottees have been uploaded on December 10, 2019 for credit into the respective beneficiary accounts subject to validation of the account details with the depositories concerned The Bank is in the process of obtaining the listing and trading approval from BSE and NSE. and trading is expected to commence on or about December 12, 2019.

INVESTORS PLEASE NOTE

These details of the Allotment made shall be hosted on the website of Registrar to the Issue, KFin Technologies Private Limited at www.karisma.karvy.com

All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant. Serial number of the ASBA form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below:

KFin Technologies Private Limited

Karvy Selenium, Tower B, Plot No. 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad 500 032.

Website: www.karisma.karvy.com; Contact Person: Murali Krishna; SEBI Registration No.: INR000000221

Formerly known as Karvy Fintech Private Limited

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF UJJIVAN SMALL FINANCE BANK LIMITED.

Ujjivan Small Finance Bank Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares ('Equity Shares') and has filed a prospectus ('Prospectus' ) with the Securities and Exchange Board of India and the Registrar of Companies, National Capital Territory of Delhi and Haryana. The Prospectus is available on the website of the SEBI at www.sebi gov in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, IIFL Securities Limited and JM Financial Limited, at www.investmentbank kotak.com, www.iiflcap.com and www.jmfl.com respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks. see 'Risk Factors' on page 22 of the Prospectus

The Equity Shares have not been and will not be registered under the U S. Securities Act of 1933, as amended (the 'U.S. Securities Act') or any other applicable law of the United States and, unless so registered, may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U S state securities laws Accordingly, the Equity Shares are being offered and sold (i) within the United States only to persons reasonably believed to be 'qualified institutional buyers' (as defined in Rule 144A and referred to in the Prospectus as 'U.S. QIBs' For the avoidance of doubt, the term 'U.S QIBs' does not refer to a category of institutional investor defined under applicable Indian regulations and referred to in the Prospectus as 'QIBs') in transactions exempt from, or not subject to, the registration requirements of the U.S Securities Act. and (II) outside the United States in offshore transactions in reliance on Regulation S and pursuant to the applicable laws of the jurisdictions where those offers and sales are made.