C M Y K Red Herring Prospectus Dated September 20, 2006 Please read Section 60B of the Companies Act, 1956 100% Book Building Issue Development Credit Bank Limited (Being a company incorporated under the Companies Act, 1956 and a banking company within the meaning of the Banking Regulation Act, 1949 pursuant to its conversion from Development Co-operative Bank Limited, a co-operative bank, to a joint stock banking company on May 31, 1995.) Registered Office: 154, S.V.Patel Road (East), Dongri. Mumbai – 400 009, Telephone: 91-22-2289 9999; Fax: 91-22-2287 6112 Corporate Office: 204, Raheja Centre, Nariman Point, Mumbai – 400 021, Telephone: 91-22- 2287 2465, Fax: 91-22- 2287 6112 Contact Person: Mr H.V Barve, Email:
[email protected], Website: www.dcbl.com PUBLIC ISSUE OF 71,500,000 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. [] PER EQUITY SHARE AGGREGATING RS. [] MILLION BY DEVELOPMENT CREDIT BANK LIMITED (THE “BANK” OR “ISSUER”) (THE “ISSUE”). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF UP TO 68,997,500 EQUITY SHARES OF RS. 10 EACH (THE “NET ISSUE”) AGGREGATING RS. [] MILLION AND A RESERVATION FOR ELIGIBLE EMPLOYEES OF 2,502,500 EQUITY SHARES OF RS. 10 EACH AGGREGATING RS. [] MILLION, AT THE ISSUE PRICE. THE ISSUE WOULD CONSTITUTE 48.43% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE BANK. PRICE BAND: RS. 22 TO RS. 26 PER EQUITY SHARE OF FACE VALUE RS. 10 THE FACE VALUE OF THE SHARE IS RS. 10 AND THE FLOOR PRICE IS 2.2 TIMES OF THE FACE VALUE AND THE CAP PRICE IS 2.6 TIMES OF THE FACE VALUE.