PROSPECTUS Dated April 15, 2005 100 % Book Building Issue ALLAHABAD BANK Head Office : 2, Netaji Subhas Road, Kolkata 700 001. Tel.: (033) 22423373, 22420883 Fax.: (033) 22104048, 2242 4048 Website : www. allahabadbank.com. E-mail:
[email protected] (Constituted under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970) PUBLIC ISSUE OF 100,000,000 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS. 82 PER SHARE AGGREGATING RS. 8,200 MILLION (“THE ISSUE”) BY ALLAHABAD BANK (“THE BANK” OR “THE ISSUER”). THE ISSUE COMPRISES NET ISSUE TO THE PUBLIC OF UP TO 80,000,000 EQUITY SHARES OF RS. 10 EACH, A RESERVATION FOR EMPLOYEES OF UP TO 10,000,000 EQUITY SHARES OF RS. 10 EACH AND A RESERVATION FOR EXISTING SHAREHOLDERS OF UP TO 10,000,000 EQUITY SHARES OF RS. 10 EACH, AT THE ISSUE PRICE. THE ISSUE WOULD CONSTITUTE 22.38 % OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE BANK. ISSUE PRICE OF RS. 82 PER EQUITY SHARE OF FACE VALUE OF RS. 10 EACH THE ISSUE PRICE IS 8.2 TIMES OF THE FACE VALUE OF THE EQUITY SHARES The Issue is being made through the 100% Book Building Process wherein up to 50% of the Net Issue to the public shall be allocated on a discretionary basis to Qualified Institutional Buyers. Further, not less than 15% of the Net Issue to the public shall be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Issue to the public shall be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.