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![INDIAN RAILWAY FINANCE CORPORATION LIMITED
INDIAN RAILWAY FINANCE CORPORATION LIMITED - PUBLIC ISSUE OF TAX FREE BONDS -TRANCHE 1 ISSUE
A GOVERNMENT OF INDIA ENTERPRISE ISSUE OPENS ON : FRIDAY, JANUARY 27, 2012
(Incorporated on December 12, 1986 in the name of "Indian Railway Finance Corporation Limited" under the Companies Act, 1956 ("Companies Act") as a public limited company) ISSUE CLOSES ON : FRIDAY, FEBRUARY 10, 2012^
Registered Office: UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India. Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710
Company Secretary: Mr S K Ajmani, Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710
Compliance Officer: Mr. T. Behera, General Manager (Bonds) Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 Website: www.irfc.nic.in; E-mail: gma@irfc.nic.in 76356752
PUBLIC ISSUE BY INDIAN RAILWAY FINANCE CORPORATION LIMITED (“COMPANY” OR “IRFC” OR “ISSUER”) OFTAX FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS OF FACE VALUE OF ` 1,000 EACH INTHE NATURE OF DEBENTURES HAVINGTAX
BENEFITS UNDER SECTION 10(15)(iv)(h) OF THE INCOME TAX ACT, 1961, AS AMENDED, (“BONDS”), AGGREGATING UP TO ` 6,30,000 LAKHS (THE “ISSUE”) IN THE FISCAL YEAR 2012 (THE “SHELF LIMIT”). THE TRANCHE ISSUE BY THE ISSUER IS OF BONDS
AGGREGATINGTO ` 3,00,000 LAKHSWITH AN OPTIONTO RETAIN OVERSUBSCRIPTION UPTOTHE SHELF LIMIT (I.E. UPTO ` 6,30,000 LAKHS) (“TRANCHE – 1 ISSUE”) AND IS BEING OFFERED BYWAY OFTHE PROSPECTUSTRANCHE – 1 CONTAINING, INTER ALIA,
THETERMS AND CONDITIONS OFTHETRANCHE – 1 (THE “PROSPECTUSTRANCHE – 1”),WHICH SHOULD BE READTOGETHER WITHTHE SHELF PROSPECTUS DATED JANUARY 19, 2012 FILED WITHTHE DESIGNATED STOCK EXCHANGE AND SEBI.THE SHELF
PROSPECTUSTOGETHERWITHTHE PROSPECTUSTRANCHE – 1 CONSTITUTES“THE PROSPECTUS”.
CREDIT RATING : CRISIL AAA/Stable (pronounced as "CRISIL Triple A with stable outlook"), [ICRA] AAA (Pronounced as “ICRA Triple A”), “CARE AAA (Pronounced as Triple A)”
Lead Manager’s / Consortium Member’s Sub-Consortium Member’s /
Name & Code Broker’s Name & Code
AK Stockmart
23/12695-32
KARVY STOCK BROKING LTD
23/07701-38 310109
To, The Board of Directors, INDIAN RAILWAY FINANCE CORPORATION LIMITED, UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India.
Dear Sirs,
Having read, understood and agreed to the contents and terms and conditions of Indian Railway Finance Corporation Limited's Shelf and Tranche-1 Prospectus dated January 19, 2012, ("Prospectus") I/We hereby apply for allotment to me/us; of the under mentioned Bonds out of the Issue.The amount payable on application for the below mentioned
Bonds is remitted herewith.I/We hereby agree to accept the Bonds applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements.I/We irrevocably give my/our authority and consent to Indian Bank to act as my/our trustees and for doing such
acts and signing such documents as are necessary to carry out their duties in such capacity. I/We acknowledge that the Applications made by me/us do not exceed the investment limit on the maximum number of Series Bonds which may be held by me/us under applicable statutory and /or regulatory requirements. By making this application, I/We
acknowledge that I/We have understood the terms and conditions of the Tranche-1 issue of Series Bonds of the Company as disclosed in the Prospectus. Notwithstanding anything contained in this form and the attachments hereto, by making this application: In case of applicants other than NRIs: I/We confirm that I am/We are Indian
National(s)/registered in India, resident in India and I am/ we are not applying for the said Bonds as nominee(s) of any person resident outside India and/or Foreign National(s). In case of NRI applicants: I/we confirm that I am/ we are a NRI(s) as per Foreign Exchange Management Act, 1999, as amended and rules, regulations, notifications and circulars
issued, and I am/ we are not applying for the said Bonds as nominee(s) of any person resident outside India (other than an NRI applicant eligible to apply under the Issue) and/or Foreign National(s). Notwithstanding anything contained in this form and the attachments hereto, I/we confirm that I/we have carefully read and understood the contents, terms
and conditions of the Prospectus, in their entirety and further confirm that in making my/our investment decision, (i) I/We have relied on my/our own examination of the Company and the terms of the Issue, including the merits and risks involved, (ii) my/our decision to make this application is solely based on the disclosures contained in the Prospectus, (iii)
my/our application for Bonds under the Issue is subject to the applicable statutory and/or regulatory requirements in connection with the subscription to Indian securities by me/us, (iv) In case of applicants other than NRIs: I am/We are not persons resident outside India and/or foreign nationals within the meaning thereof under the Foreign Exchange
Management Act, 1999, as amended and rules, regulations, notifications and circulars issued thereunder; is case of NRI applicants: I am / We are a NRI(s) within the meaning thereof under the Foreign Exchange Managment Act.1999, as amended and rules, regulations, notifications and ciruclars issued thereunder and am/are eligible to apply under the
issue and (v) I/We have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking allotment of Bonds pursuant to the Issue.
APPLICANTS’ DETAILS (for Applicants applying in Demat Mode name(s) should be in the same order as it appears in the demat account)
Category I - o bodies corporate and societies; o trusts; o and/or industrial research organisations; o firms in the name of the partners; o
Companies; Registered Scientific Partnership Limited liability partnerships
Category II - oIndian individuals; o
Resident Non Resident Indians on repatriation as well as non-repatriation basis (*applying for an amount aggregating to above ` 5 lakhs across all series in each tranche)
Hindu Undivided Families through the Karta; and o
Resident Hindu Undivided Families through the Karta; and o Indians on repatriation as well as non-repatriation basis (*applying for an amount aggregating to upto and including ` 5 lakhs across all series in each tranche)
Category III - o Indian individuals; o Non Resident
( Please see General Instructions No. 22 to 34 & 43)
Power of Attorney Partnership Deed PIO Card
* General Instruction No. 41
Relationship, if any, with sole/First Applicant:
COMMONTERMS OFTHE ISSUE:
Minimum Application size The minimum number of Bonds per application form will be calculated on the basis of the total number
of Bonds applied for under each such Application Form and not on the basis of any specific option.
Ratings CRISIL AAA/Stable (pronounced as "CRISIL Triple A" with stable outlook), [ICRA] AAA
(Pronounced "ICRATriple A") and “CARE AAA (Pronounced asTriple A)".
At the end of 10 Years from the Deemed Date of Allotment At the end of 15 Years from the Deemed Date of Allotment StockExchangesproposedforlisting National Stock Exchange of India Limited and BSE Limited
DebentureTrustee Trustee for the Bondholders in this case being Indian Bank
Depositories NSDL and CDSL
Securities The Bonds issued by the Company will be secured by creating a charge on the movable assets of
the Company comprising of rolling stock such as wagons, locomotives and coaches by a first/pari
passu charge, present and future, as may be agreed between the Company and the Debenture
Trustee, pursuant to the terms of the DebentureTrust Deed.
Issuance In dematerialised form and physical form
Trading In dematerialised form only
Market Lot/Trading Lot One Bond
Deemed Date of Allotment Deemed Date of Allotment shall be the date on which the Board of Directors/or any committee
thereof approves the Allotment of the Bonds for each Tranche Issue. All benefits relating to the
Bonds including interest on Bonds (as specified for each tranche by way of Tranche Prospectus)
shall be available to the Bondholders from the Deemed Date of Allotment.The actual allotment of
Bonds may take place on a date other than the Deemed Date of Allotment.
Coupon Rate (%) per annum for Category I, II and III 8.00% 8.10% Submission of Application Forms: All Application Forms duly completed and accompanied by account payee cheques or drafts shall
Additional Coupon Rate*** (%) per annum for Category III 0.15% 0.20% be submitted to the designated collection banks during the Issue Period. No separate receipts shall be issued for the money payable on
the submission of Application Form. However, the collection banks will acknowledge the receipt of the Application Forms by stamping
Aggregate Coupon Rate (%) per annum for Category III 8.15% 8.30% and returning to the Applicants the acknowledgement slip.This acknowledgement slip will serve as the duplicate of the Application Form
for the records of the Applicant.Applications shall be deemed to have been received by us only when submitted to Bankers to the Issue at
The claims of the Bondholders shall be superior to the claims of any unsecured creditors of the Company and subject to their designated branches as detailed above and not otherwise.
applicable statutory and/or regulatory requirements, rank pari passu inter se to the claims of creditors of the Company Additional/Multiple Applications: An applicant is allowed to make one or more applications for the Bonds for the same or other series
secured against charge on the movable assets comprising of rolling stock such as wagons, locomotives and coaches.
of Bonds, subject to a minimum application size of 10 Bonds and in multiples of 5 Bonds there after, for each application. Any application
for an amount below the aforesaid minimum application size will be deemed as an invalid application and shall be rejected. For further
details please refer General Instruction No.49.
Basis of Allotment: I. Applicants belonging to the Category I, in the first instance, will be allocated Bonds upto 45% of the Overall Issue
Size on first come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to
the Issue); ii. Applicants belonging to the Category II, in the first instance, will be allocated Bonds upto 25% of the Overall Issue Size on
first come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the Issue);
and iii. Applicants belonging to the Category III, in the first instance, will be allocated Bonds upto 30% of the Overall Issue Size on first
come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the Issue);
*The Company would allotTranche 1 Series II Bonds to all valid applications, wherein the Applicants have not indicated their choice of the relevant series of Bonds in their Application Form. Allotments, in consultation with the Designated Stock Exchange, shall be made on a first-come first-serve basis, based on the date of
presentation of each application to the Bankers to the Issue, in each Portion subject to the Allocation Ratio. Minimum allotments of 10
**For various modes of interest payment, see General Instruction No.11.
Bonds and in multiples of 1 Bond thereafter would be made in case of each valid application. For further details please refer General
*** For further details, see “Terms of the Issue – Interest” in General Instruction No.8. Instruction No.54.
46.
• Please Note : Cheque / DD should be drawn in favour of “IRFCTax Free Bonds-Escrow Account-Tranche I” by non-NRI and non-FII applicants and in favour of “IRFCTax Free Bonds-NRI Escrow Account-Tranche I” by NRI applicants. Cheques should be crossed “A/c Payee only”. • Please write
the sole/first Applicant’s name, phone no. and Application no. on the reverse of Cheque/DD. • Demographic details for purpose of refunds, if any, shall be taken from (i) Bank details as mentioned above for applicants who select the option to hold he Bonds in Physical Form; or (ii) the records of the
Depositories otherwise.
For additional details, refer General Instruction No. 39)
^The subscription list for the Issue shall remain open for subscription at the commencement of banking hours and close at the close of banking hours, with an option for early closure (subject to the Issue being open for a minimum period of 3 days) or extension by such period, upto a period of 30 days from the date of opening of
the Issue, as may be decided by the Board of Directors/ Committee of the Company subject to necessary approvals, if any. In the event of such early closure of the subscription list of the Issue, our Company shall ensure that public notice of such early closure is published on or before the day of such early date of closure
through advertisement(s) in a leading national daily newspaper.
INDIAN RAILWAY FINANCE CORPORATION LIMITED
A GOVERNMENT OF INDIA ENTERPRISE
KARVY STOCK BROKING (Incorporated on December 12, 1986 in the name of "Indian Railway Finance Corporation Limited" under the Companies Act, 1956 ("Companies Act") as a public limited company)
Registered Office: UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India.
LTD Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 76356752
23/07701-38 Company Secretary: Mr S K Ajmani, Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710
Compliance Officer: Mr. T. Behera, General Manager (Bonds) Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 ;Website: www.irfc.nic.in; E-mail: gma@irfc.nic.in
All future communication in connection with this application should be addressed to the Registrar to the
Issue KARVY COMPUTERSHARE PRIVATE LIMITED, Plot No. 17 to 24 Vittal Rao Nagar, Madhapur,
Hyderabad 500 081, Toll Free No.1-800-3454001, Tel: +91 40 4465 5000, Fax: +91 40 2343 1551, E-mail
ID: irfc.bonds@karvy.com, Investor Grievance Email: einward.ris@karvy.com, Website:
http:karisma.karvy.com Contact Person: Mr. M. Murali Krishna, SEBI Registration Number:
INR000000221. Please quote full name of Sole/First Applicant, Application No., Type of options applied
for, Number of Bonds applied for, Date, Bank and Branch where the application was submitted and
Cheque/Demand Draft Number and name of the Issuing bank.](https://image.slidesharecdn.com/irfctaxfreebondapplicationform-120130105452-phpapp01/85/Irfc-tax-free-bond-application-form-1-320.jpg)
![IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS
applicants who have invested on repatriation basis. Any change in the Exchange Control Regulations may adversely of exchange rate risk on the Indian rupee and risks associated with the conversion of Indian rupee proceeds into foreign for the ` 20,59,438 lakhs long term borrowing programme of the Company (“Debt Programme”) vide its letter no. VR/
affect the ability of such NRIs and FIIs to convert such amounts into other currencies, in a timely manner or at all. Further, currency. Investors are subject to currency fluctuation risk and convertibility risk since the Bonds are quoted in Indian rupees FSR/IRFC/2011-12/1208 dated December 14, 2011. ICRA has reaffirmed the credit rating of “[ICRA] AAA” (pronounced
fluctuations in the exchange rates between the Indian rupee and other currencies could adversely affect the amounts on the Indian stock exchanges on which they are listed. Returns on the Bonds will also be paid in Indian rupees. The volatility “ICRA triple A”) of the Debt Programme of the Company vide its letter no. D/RAT/2011-2012/11/13 dated December
realized by NRIs and FIIs on redemption or payment of interest on the Bonds by us. of the Indian rupee against the U.S. dollar and other currencies subjects investors who convert funds into Indian rupees to 19, 2011. CARE has reaffirmed the credit rating of “CARE AAA” (pronounced as “CARE triple A”) for the Debt
34. There may be a delay in making refunds to applicants.: We cannot assure that the monies refundable to applicants, purchase our bonds to currency fluctuation risks. Programme of the Company vide its letter dated December 14, 2011. Further international rating agencies like Japan
on account of (a) withdrawal applications, (b) withdrawal of the Issue, or (c) failure to obtain the final approval from the 36. You maynot be able to recover, on a timely basis orat all,the fullvalue ofthe outstandingamounts and/orthe interest Credit Rating Agency Limited has affirmed its BBB+ rating on the long term senior debts and the Japanese Yen bonds
exchanges for listing of Bonds, (d) non allotment due to technical rejections or over subscriptions, will be refunded to accrued thereon in connection with the Bonds.: Our ability to pay interest accrued on the Bonds and/or theprincipal amount issued by the Company and Standard and Poor’s has assigned BBB- rating to the foreign currency and the local currency
the applicants in a timely manner. outstanding from time to time in connection therewith would be subject to various factors, including our financial issues and senior unsecured issues. For further details, see section titled “Our Business” on page 55 of the Shelf
35. Risks relatingto anyinternational regulations, taxationrules applyas the Issuemay bemarketed toFIIs.:TheBondshavenot condition, profitability and the general economic conditions in India and the global financial markets. We cannot assure Prospectus. These ratings may be suspended, withdrawn or revised at any time. Any revision or downgrading in the
been recommended by any U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoing you that we would be able to repay the principal amount outstanding from time to time on the Bonds and/or the interest credit rating may lower the trading price of the Bonds and may also affect our ability to raise further debt. For the rationale
authorities have not confirmed the accuracy or determined the adequacy of the Shelf Prospectus. Any representation to accrued thereon in a timely manner, or at all. for these ratings, see Annexure II of the Shelf Prospectus.
the contrary is a criminal offence in the United States and may be a criminal offence in other jurisdictions. The Bonds have 37. Changes in prevailing interest rates may affect the price of theBonds. :All securities wherea fixedrate of interest isoffered, 39. Payments made on the Bonds will be subordinate to certain tax and other liabilities as laid down by law. :TheBonds
not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any such as the Bonds, are subject to price risk. The price of such securities will vary inversely with changes in prevailing will be subordinate to certain liabilities preferred by law such as to claims of the Government on account of taxes,
state securities laws in the United States and may not be offered or sold within the United States under the U.S. Securities interest rates, i.e., when interest rates rise, prices of fixed income securities fall and when interest rates drop, the prices and certain liabilities incurred in the ordinary course of our transactions. In particular, in the event of bankruptcy,
Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. increase. The extent of fall or rise in the prices is a function of the existing coupon rate, days to maturity and the increase liquidation or winding-up, our assets will be available to pay obligations on the Bonds only after all of the liabilities
Securities Act and applicable state securities laws in the United States. Further, any person making or intending to make or decrease in the level of prevailing interest rates. Increased rates of interest, which frequently accompany inflation that rank senior to these Bonds have been paid. In the event of bankruptcy, liquidation or winding-up, there may
an offer within the European Economic Area of Bonds which are the subject of the Issue contemplated in the Shelf and/or a growing economy, are likely to have a negative effect on the trading price of the Bonds. not be sufficient assets remaining, after paying the aforesaid senior ranking claims, to pay amounts due on the
Prospectus should only do so in circumstances in which no obligation arises for IRFC to produce a prospectus for such offer. 38. Any downgradingin ourdomestic and international credit rating ofour Bondsmay affectthe trading price of ourBonds. Bonds. Further, there is no restriction on the amount of debt securities that we may issue that may rank above the
Additionally, our Bonds are quoted in Indian rupees in India and investors may be subject to potential losses arising out : CRISIL has reaffirmed the credit rating of “CRISIL AAA/Stable” (pronounced as “CRISIL Triple A with stable outlook”) Bonds. The issue of any such debt securities may reduce the amount recoverable by investors in the Bonds on our
bankruptcy, winding-up or liquidation.
GENERAL INFORMATION repatriable basis. Under the provisions of the Foreign Exchange Management (Borrowing and Lending Lakhs.
Our Company was incorporated on December 12, 1986 under the Companies Act as a public limited in Rupees) Regulations, 2000, as amended, any monies borrowed from a person resident outside India Mechanism for redressal of Investor grievances : Karvy Computershare Private Limited has been appointed
company registered with the Registrar of Companies, National Capital Territory of Delhi and Haryana cannot be used: (a) for any purpose except in ones own business other than (i) the business of chit fund, as the Registrar to the Issue to ensure that Investor grievances are handled expeditiously and
and received our certificate for commencement of business on December 23, 1986. The GoI, Ministry of (ii) as Nidhi Company, (iii) agricultural or plantation activities or real estate business; or construction of satisfactorily and to effectively deal with Investor complaints. All grievances relating to the Issue
Railways, incorporated our Company as a financial arm of Indian Railways, for the purpose of raising farm houses; or (iv) trading in Transferable Development Rights (TDRs); or (b) for any investment, whether should be addressed to the Registrar to the Issue and the Compliance Officer giving full details of
the necessary resources for meeting the developmental needs of the Indian Railways. The President of by way of capital or otherwise, in any company or partnership firm or proprietorship concern or any entity, the Applicant, number of Bonds applied for, amount paid on application and Bankers to the Issue
India along with nominees is holding 100% of our equity share capital. For further details see section whether incorporated or not, or for the purpose of re-lending. To ensure compliance with the aforementioned, / Designated Collection Centre / Agent to which the application was submitted.
titled “History and Certain Corporate Matter” on page 70 of the Shelf Prospectus. The Ministry of Corporate the Company shall open and maintain a separate escrow account with the Escrow Collection Bank(s) in FINANCIAL INFORMATION
Affairs, through its notification dated October 8, 1993 published in the Official Gazette of India, classified connection with all application monies received from NRIs, (“NRI Escrow Account”). All application Statement of Asset and Liability for last Five Years and Latest Period:
our Company, as a Public Financial Institution under Section 4(A) of the Companies Act. Our Company monies received from NRI applicants shall be deposited in the NRI Escrow Account maintained with (` in Lacs)
was registered with the RBI under 45-IA of RBI Act as a Non-Banking Finance Company without each Escrow Collection Bank(s). Upon creation of security as disclosed in the Shelf Prospectus, the Particulars Schedule Audited for Audited for the year ended
accepting public deposits vide certificate of registration no. B-14.00013 dated February 16, 1998. The Escrow Collection Bank(s) shall transfer the monies from the NRI Escrow Accounts to a separate bank Halfyearended 31.03.11 31.03.10 31.03.09 31.03.08 31.03.07
Company was later classified under the category “Infrastructure Finance Company” by the RBI through account, (“NRI Account”), which shall be different from the Public Issue Account. The Company shall at 30.09.2011
a fresh certificate of registration bearing no. B-14.00013 dated November 22, 2010. CBDT has vide its all times ensure that any monies kept in the NRI Escrow Account and/or the NRI Account shall be utilised Sources of Funds
Notification No. 52/2011 [F.No. 178/56/2011-(ITA 1)] dated September 23, 2011 authorised the Company only in accordance with and subject to the restrictions contained in the Foreign Exchange Management 1. Shareholders’ Funds
to raise tax free Bonds aggregating up to ` 10,00,000 lakhs in one or more tranches in the Fiscal Year (Borrowing and Lending in Rupee) Regulations, 2000, and other applicable statutory and/or regulatory i. Share Capital 1 16 0,2 00. 00 16 0,2 00. 00 10 9,1 00. 00 50 ,00 0. 00 50 ,00 0. 00 23 ,20 0. 00
2012, out of which, the Company has already raised through private placement route, an amount of ` requirements. ii. Share Application Money - - - 30 ,00 0. 00 - 26 ,80 0. 00
73,111 lakhs. The deemed date of allotment was November 8, 2011 and the date of refund was Issue Expenses* : For details please refer to page no. 23 of the Prospectus Tranche - 1. iii. Reserves and Surplus 2 28 8,5 49. 60 26 8,3 96. 61 23 1,4 47. 95 19 8,0 70. 46 19 2,5 76. 46 16 2,1 24. 63
December 1, 2011. The listing and trading in these bonds have commenced on NSE and BSE from Undertakings with respect to Issue Proceeds : The Company undertakes the following: 1. That in accordance 448,749.60 428,596.61 340,547.95 278,070.46 242,576.46 212,124.63
December 11, 2011 and December 8, 2011 respectively. Hence, the Company shall issue the Bonds upto with the SEBI Debt Regulations, it will not utilize the issue proceeds for providing loans to or acquisition 2. Loan Funds 3
an aggregate amount of ` 6,30,000 lakhs through this Issue during the financial year 2011-12 out of the of shares of any person who is part of the same group or who is under the same management; 2. Other i. Secured
total permissible amount of ` 10,00,000 lakhs, as approved by its Board through its resolution dated than as mentioned in the section titled “Objects of the Issue”, the Issue proceeds shall not be utilized - In India 3,484,260.61 3,110,939.11 2,778,269.76 2,240,248.18 1,884,459.82 1,614,605.96
January 10, 2012. Registered Office : UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, towards full or part consideration for the purchase or any acquisition, including by way of a lease, of any - Outside India 15 ,44 4. 45 14 ,73 4. 50 16 ,20 0. 00 19 ,77 6. 90 16 ,80 0. 00 19 ,58 8. 50
New Delhi -110 003. Tel.: +91 11 2436 9766/69. Fax: +91 11 2436 6710. Website: www.irfc.nic.in. For property; and 3. The Issue Proceeds from Bonds allotted to Banks will not be utilized for any purpose 3,499,705.06 3,125,673.61 2,794,469.76 2,260,025.08 1,901,259.82 1,634,194.46
details on changes in our Registered Office, see “History and Certain Corporate Matters” on page 70 of the which may be in contravention of the RBI guidelines on bank financing to NBFCs including those relating ii. Unsecured Loans
Shelf Prospectus. to classification as capital market exposure or any other sectors that are prohibited under the RBI - In India - - 14 4,8 99. 82 12 4,6 16. 00 19 4,7 50. 00 17 7,3 20. 00
Credit Rating and Rationale regulations. - Outside India 84 5,6 98. 69 68 6,7 74. 02 42 1,4 87. 89 35 4,2 29. 89 31 3,8 46. 95 36 7,9 02. 05
1. CRISIL has reaffirmed the credit rating of “CRISIL AAA/Stable” (pronounced as “CRISIL Triple A with STATEMENT OF TAX BENEFITS : For details please refer to page no. 25 of the Prospectus Tranche - 1. 845,698.69 686,774.02 566,387.71 478,845.89 508,596.95 545,222.05
stable outlook”) for ` 20,59,438 lakhs long term borrowing programme of the Company (“Debt Programme”) INDUSTRY OVERVIEW : For details please refer to page no. 48 of the Shelf Prospectus. Total Loan Funds 4,345,403.75 3,812,447.63 3,360,857.47 2,738,870.97 2,409,856.77 2,179,416.51
vide its letter no. VR/FSR/IRFC/2011-12/1208 dated December 14, 2011. Instruments with this rating OUR BUSINESS : For details please refer to page no. 55 of the Shelf Prospectus. 3. Deferred Tax Liability (Net) 283,891.42 270,143.21 246,702.23 225,655.23 185,465.08 171,014.01
are considered to have the highest degree of safety regarding timely servicing of financial obligations. REGULATIONS AND POLICIES : For details please refer to page no. 65 of the Shelf Prospectus. Total 5,078,044.77 4,511,187.45 3,948,107.65 3,242,596.66 2,837,898.31 2,562,555.15
Such instruments carry lowest credit risk. 2. ICRA has reaffirmed the credit rating assigned of “[ICRA] HISTORY AND CERTAIN CORPORATE MATTERS : For details please refer to page no. 70 of the Shelf Application of Funds 4. Assets
AAA” (pronounced as “ICRA triple A”) for the Debt Programme of the Company vide its letter no. D/RAT/ Prospectus. Fixed Assets-Gross Block 4 1, 70 1. 93 1, 70 1. 47 1, 69 8. 87 1, 70 7. 61 1, 70 0. 99 1, 69 7. 92
2011-2012/11/13 dated December 19, 2011. Instruments with this rating are considered to have the OUR MANAGEMENT : The following are Directors on the Board of the Company Ms. Vijaya Kanth, Mr. Less: Depreciation Net Block 38 1. 09 36 4. 49 32 9. 85 30 8. 52 28 0. 91 24 0. 76
highest degree of safety regarding timely servicing of financial obligations. Such instruments carry Rajiv Datt, Mr. D. C. Arya , Mr. Rajesh Khullar. For details please refer to page no. 74 of the Shelf 1,320.84 1,336.98 1,369.02 1,399.09 1,420.08 1,457.16
lowest credit risk. 3. CARE has reaffirmed the credit rating of “CARE AAA (pronounced as triple A)” for Prospectus. 5. Long Term Loans & Advances 5 4,973,085.41 4,531,822.44 3,839,232.51 3,156,191.09 2,702,551.90 2,473,072.20
the Debt Programme of the Company vide its letter dated December 14, 2011. Instruments with this FINANCIAL INDEBTEDNESS 6. Investments 6 1,779.98 1,897.56 199.85 199.85 199.85 199.85
rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. For details of the outstanding borrowings of the Company as on November 30, 2011, see “Financial 7.Current Assets, Loans & Advances 7
Such instruments carry lowest credit risk. For details in relation to the rationale for the credit rating by Indebtedness” on page no. 79 of the Shelf Prospectus. Current Assets 33 3,9 76. 50 99 ,02 2. 60 19 3,9 00. 35 13 7,3 02. 02 17 3,0 08. 83 10 8,7 43. 60
CRISIL, ICRA and CARE, see Annexure II of the Shelf Prospectus. Further, kindly note these ratings are LEGAL AND OTHER INFORMATION Loans & Advances 50 ,48 8. 89 34 ,94 1. 81 31 ,58 9. 27 42 ,63 0. 74 42 ,07 8. 12 39 ,12 4. 21
not a recommendation to buy, sell or hold securities and investors should take their own decision. These OUTSTANDING LITIGATION AND MATERIAL DEVELOPMENTS : Except as described below, there are 384,465.39 133,964.41 225,489.62 179,932.76 215,086.95 147,867.81
ratings are subject to revision or withdrawal at any time by the assigning rating agency (ies) and should no outstanding litigations, suits or criminal or civil prosecutions, proceedings or tax liabilities against us 8. Less: Current Liabilities & Provisions 8
be evaluated independently of any other ratings. and our Directors, that would have a material adverse effect on our business and there are no defaults, Current Liabilities 24 2,5 80. 50 12 6,2 85. 53 90 ,04 8. 88 77 ,37 2. 25 63 ,47 6. 08 49 ,38 2. 13
Expert Opinion: Except the letters dated December 14, 2011, December 19, 2011 and December 14, non-payment or overdue of statutory dues, institutional / bank dues and dues payable to holders of any Provisions 40 ,02 6. 35 31 ,54 8. 41 28 ,25 2. 74 21 ,16 3. 35 17 ,90 4. 39 10 ,65 9. 74
2011 issued by CRISIL, ICRA and CARE respectively, in respect of the credit rating for the Debt debentures, bonds and fixed deposits that would have a material adverse effect on our business other 282,606.85 157,833.94 118,301.62 98,535.60 81,380.47 60,041.87
Programme (bonds and long term loans) of the Company, and the report dated January 9, 2012 on our than unclaimed liabilities against us, as of the date of the Shelf Prospectus. For details please refer to 9. Net Current Assets 101,858.54 (23,869.53) 107,188.00 81,397.16 133,706.48 87,825.94
audited financial statements for the financial year ending March 31, 2007, March 31, 2008, March 31, page no. 93 of the Shelf Prospectus. 10.Foreign Currency Monetray Item - - 118.27 3,409.47 - -
2009, March 31, 2010, March 31, 2011 and for the half year ended September 30, 2011 and statement OTHER REGULATORY AND STATUTORY DISCLOSURES Translation Difference
of tax benefits dated January 9, 2012 issued by Dhawan & Co., Chartered Accountants, Statutory Authority for the Issue : The Board of Directors, at their meeting held on January 10, 2012 have approved 11.Miscellaneous Expenditure - - - - 20.00 -
Auditors of the Company, the Company has not obtained any expert opinion. the Issue, in one or more tranche(s), of tax free, secured, redeemable, non-convertible bonds in the nature (to the extent not written off)
Minimum Subscription: In terms of the SEBI Debt Regulations, an issuer undertaking a public issue of of debentures of face value of ` 1,000 each, having tax benefits under Section 10(15)(iv)(h) of the Income Total 5,078,044.77 4,511,187.45 3,948,107.65 3,242,596.66 2,837,898.31 2,562,555.15
debt securities may disclose the minimum amount of subscription that it proposes to raise through the Tax Act, as amended, aggregating upto ` 6,30,000 lakhs in one or more tranche(s), on or prior to March
issue in the offer document. The Company has decided not to stipulate minimum subscription amount 31, 2012, subject to the provisions of the CBDT Notification. In accordance with the terms of the CBDT Statement of Profit & Loss for last Five Years:
for this Issue. Notification, the aggregate volume of the issue of Bonds (having benefits under Section 10(15)(iv)(h) of (` in Lacs)
Underwriting the Income Tax Act) by the Company during the Fiscal 2012 shall not exceed ` 10,00,000 lakhs. Particulars Schedule Audited for Audited for the year ended
This Issue is not underwritten. Eligibility to make the Issue : The Company, the persons in control of the Company or its promoter have Halfyearended 31.03.11 31.03.10 31.03.09 31.03.08 31.03.07
ISSUE PROGRAMME* not been restrained, prohibited or debarred by SEB1 from accessing the securities market or dealing in 30.09.2011
securities and no such order or direction is in force. Income
ISSUE OPENS ON FRIDAY, JANUARY 27, 2012
ISSUE CLOSES ON FRIDAY, FEBRUARY 10, 2012 Consents : Consents in writing from the Directors, the Compliance Officer, the Statutory Auditors, Bankers Lease Income 2 0 0, 2 3 4. 4 1 3 4 9, 1 9 8. 7 8 3 0 7, 3 7 6. 1 0 2 7 2, 6 4 5. 1 7 2 3 7, 4 3 3. 6 1 2 1 0, 2 3 6. 7 9
to the Company, Bankers to the Issue, Lead Managers, Registrar to the Issue, Consortium Members for Income on Loans & Deposits 17 ,55 1. 58 32 ,60 6. 34 35 ,98 5. 62 28 ,68 8. 74 20 ,79 2. 82 14 ,19 3. 23
*The subscription list for the Issue shall remain open for subscription at the commencement of the Issue, Legal Advisors to the Issue, Credit Rating Agencies and the Debenture Trustee, to act in their Income on investments 82. 12 13. 60 7. 54 7. 32 64. 47 4, 45 7. 22
banking hours and close at the close of banking hours, with an option for early closure (subject to the respective capacities, have been obtained and shall be filed along with a copy of each tranche prospectus Exchange rate variation (Gain) - 4. 85 1, 11 6. 10 1 9 5 . 8 5 1, 40 5. 00 -
Issue being open for a minimum of 3 days) or extension by such period, upto a period of 30 days from with the RoC. The Company has appointed Indian Bank as Debenture Trustee under regulation 4(4) of Other Income 9 8 1 1 . 3 4 2, 34 1. 58 3, 90 8. 31 9 4 1 . 0 1 2, 78 2. 57 4. 90
the date of opening of the Issue, as may be decided by the Board of Directors/ Committee of the the SEBI Debt Regulations. The Debenture Trustee has given its consent to the Company for its Total 218,679.45 384,165.15 348,393.67 302,478.09 262,478.47 228,892.14
Company, subject to necessary approvals, if any. In the event of such early closure of the subscription appointment under regulation 4(4) and also in all the subsequent periodical communications sent to the Expenditure
list of the Issue, our Company shall ensure that public notice of such early closure is published on holders of debt securities. Interest on Bonds & loans 10 1 6 7, 1 0 6. 5 9 2 8 2, 9 0 1. 5 1 2 4 5, 7 5 7. 6 4 2 1 6, 2 7 9. 6 2 1 8 1, 0 2 8. 4 2 1 4 7, 7 0 7. 9 9
or before the day of such early date of closure through advertisement/s in a leading national daily Common Form of Transfer : There shall be a common form of transfer for the Bonds held in physical form Lease Rentals Paid 2, 31 5. 74 4, 29 5. 51 10 ,33 9. 56 18 ,60 3. 45 16 ,74 9. 39 18 ,25 7. 36
newspaper. and relevant provisions of the Companies Act and all other applicable laws shall be duly complied with Salary & Employee Benefits 11 88. 56 202.58 155.50 166.14 95. 46 67. 62
CAPITAL STRUCTURE in respect of all transfer of the Bonds and registration thereof. Administrative & Other Expenses 12 641.70 414.31 269.32 464.34 232.59 246.86
Details of Share Capital No Reservation or Discount : There is no reservation in this Issue nor will any discount be offered in this Bond Servicing Expenses 13 151.42 215.25 197.73 185.38 152.28 112.76
Our share capital as on the date of the Shelf Prospectus is set forth below: Issue, to any category of Investors. Bond Issue Expenses / 14 3, 31 6. 94 6, 08 5. 36 9, 34 2. 77 969.25 177.71 612.91
(in ` lakhs) Previous Public or Rights Issues by the Company during last five years : The Company has not undertaken Expenses on loans
Aggregate value any public or rights issue in last five years. D e pr e c i a ti o n 4 17. 60 35. 10 35. 15 36. 74 41. 04 40. 61
Authorised share capital Change in auditors of Our Company during the last three years : There has been no change in auditors of Exchange rate variation (Loss) 2, 64 4. 38 - - - - 674.97
our Company during the last three years and M/s Dhawan& Co. have been our auditors since Financial Amortisation of Foreign Currency
50,000,000 Equity Shares of ` 1,000 each 500,000.00 Year 2008-09. Monetray Item Translation Diff. A/c - 181.04 3, 45 5. 15 - - -
Issued, subscribed and paid up share capital Revaluation of assets : Our Company has not revalued its assets in the last five years. Total 176,282.93 294,330.66 269,552.82 236,704.92 198,476.89 167,721.08
Statement by the Board of Directors: (i) All monies received out of each Tranche Issue of the Bonds to the Profit for the Year 42,396.52 89,834.49 78,840.85 65,773.17 64,001.58 61,171.06
16,020,000 Equity Shares of ` 1,000 each 160,200.00 Prior Period Adjustment (Net Income) 15 (1 7. 38 ) 0. 02 (1 2. 28 ) ( 4. 44 ) ( 16 6. 73 ) 2. 62
public shall be transferred to a separate bank account other than the bank account referred to in sub-
Securities premium account Nil section (3) of section 73 of the Companies Act; (ii) Details of all monies utilised out of each Tranche Issue Profit Before Tax 42,379.14 89,834.51 78,828.57 65,768.73 63,834.85 61,173.68
For further details on Capital Structure please refer to page no. 40 of the Shelf Prospectus. referred to in sub-item (i) shall be disclosed under an appropriate separate head in our balance sheet Provision for Taxation
OBJECTS OF THE ISSUE indicating the purpose for which such monies were utilised; and (iii) Details of all unutilised monies out - Current Year 8, 47 7. 94 17 ,92 3. 13 13 ,51 2. 50 7, 50 0. 00 7, 22 7. 00 6, 37 5. 40
Issue Proceeds of the Tranche Issue referred to in sub-item (i), if any, shall be disclosed under an appropriate separate - Earlier Years - (5 0. 00 ) - ( 1. 53 ) - 431.31
The Company shall issue Bonds upto an aggregate amount of ` 6,30,000 lakhs in one or more tranche(s), head in our balance sheet indicating the form in which such unutilised monies have been invested. The Deferred Tax
on or prior to March 31, 2012 pursuant to CBDT’s Notification No. 52/2011 [F.No. 178/56/2011-(ITA 1)] funds raised by us from previous bonds issues have been utilised for our business as stated in the - Current Year 13 ,74 8. 21 23 ,44 0. 98 21 ,04 7. 00 22 ,35 5. 92 14 ,45 1. 07 14 ,49 0. 53
dated September 23, 2011 which authorised the Company to raise tax free bonds aggregating up to ` respective offer documents. - Earlier Years - - 17 ,82 8. 37 - -
10,00,000 lakhs in the financial year 2011-12. Out of the said ` 10,00,000 lakhs, the Company has DISCLAIMER CLAUSE OF NSE & BSE : AS REQUIRED, A COPY OF THE DRAFT OFFER DOCUMENT HAS Fringe Benefit Tax - - - 6. 81 5. 45 6. 69
already raised through private placement route, tax free bonds aggregating ` 73,111 lakhs. BEEN SUBMITTED TO NSE & BSE (THE STOCK EXCHANGES). NSE & BSE HAVE GIVEN VIDE THEIR Net Profit after Tax 20,152.99 48,520.40 44,269.07 18,079.16 42,151.33 39,869.75
Utilisation of Issue Proceeds LETTER REF.: NSE/LIST/157151-7 AND DCS/SP/PI-BOND/07/11-12, RESPECTIVELY BOTH DATED Appropriations:
The funds raised through this Issue will be utilized towards the following purposes: 1. Financing the JANUARY 19, 2012, PERMISSION TO THE ISSUER TO USE THE EXCHANGES’ NAME IN THIS OFFER Interim Dividend Paid - 10 ,00 0. 00 10 ,00 0. 00 10 ,00 0. 00 10 ,00 0. 00 16 ,00 0. 00
acquisition of rolling stock which will be leased to the MoR in line with present business activities; and DOCUMENT AS ONE OF THE STOCK EXCHANGES ON WHICH THIS ISSUER’S SECURITIES ARE Dividend Tax - 1, 66 0. 87 1, 69 9. 50 1, 69 9. 50 1, 69 9. 50 2, 24 4. 00
2. Financing the capacity enhancement works in the Indian Railways like gauge conversion, electrification, PROPOSED TO BE LISTED. THE EXCHANGES HAVE SCRUTINIZED THE DRAFT OFFER DOCUMENT Transfer to General Reserve - 5, 00 0. 00 4, 50 0. 00 1, 90 0. 00 4, 21 6. 00 4, 00 0. 00
doubling, traffic facilities and signalling and traffic works (“S&T Works”). For further details in relation FOR THEIR LIMITED INTERNAL PURPOSE OF DECIDING ON THE MATTER OF GRANTING THE Transfer to Exchange Variation Reserve - - - 1, 94 7. 00 897.00 3, 15 0. 00
to the aforesaid business and associated risk, see sections titled “Our Business” and “Risk Factors” AFORESAID PERMISSION TO THIS ISSUER. IT IS TO BE DISTINCTLY UNDERSTOOD THAT THE Transfer to Bond Redemption Reserve 20 ,15 2. 99 31 ,85 9. 53 28 ,06 9. 57 2, 53 2. 66 25 ,33 8. 83 14 ,47 5. 75
beginning on page 55 and 9 respectively of the Shelf Prospectus. We shall utilize the Issue proceeds AFORESAID PERMISSION GIVEN BY THE STOCK EXCHANGES SHOULD NOT IN ANY WAY BE DEEMED Total 20,152.99 48,520.40 44,269.07 18,079.16 42,151.33 39,869.75
only upon creation of security as stated in the Prospectus Tranche - 1 in the section titled — “Terms of the OR CONSTRUED THAT THE OFFER DOCUMENT HAS BEEN CLEARED OR APPROVED BY THE STOCK RESERVES AND DIVIDENDS : For details please refer to Annexure - I of the Shelf Prospectus.
Issue - Security” and after permission or consent for creation of security pursuant to the terms of the EXCHANGES; NOR DO THEY IN ANY MANNER WARRANT, CERTIFY OR ENDORSE THE CORRECTNESS For changes in Accounting Policesand Financial Statements, please refer to Annexure - I of the Shelf
Debenture Trust Deed sought to be provided as security. OR COMPLETENESS OF ANY OF THE CONTENTS OF THIS OFFER DOCUMENT; NOR DO THEY WARRANT Prospectus.
The main objects clause of our Memorandum of Association permits our Company to undertake its THAT THIS ISSUER’S SECURITIES WILL BE LISTED OR WILL CONTINUE TO BE LISTED ON THE MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION :
existing activities as well as the activities for which the funds are being raised through this Issue. EXCHANGES; NOR DO THEY TAKE ANY RESPONSIBILITY FOR THE FINANCIAL OR OTHER These contracts (not being contracts entered into in the ordinary course of business carried on by the
Our Company is a public sector enterprise and, as such, we do not have any identifiable ‘group’ companies SOUNDNESS OF THIS ISSUER, ITS PROMOTERS, ITS MANAGEMENT OR ANY SCHEME OF PROJECT OF Company or entered into more than two years before the date of the Prospectus Tranche - 1) which are or
or ‘companies under the same management’. Further, in accordance with the SEBI Debt Regulations, THIS ISSUER. EVERY PERSON WHO DESIRES TO APPLY FOR OR OTHERWISE ACQUIREANY SECURITIES
IRFC will not utilize the proceeds of the Issue for providing loans to or acquisition of shares of any person OF THIS ISSUER MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATION AND ANALYSIS may be deemed material have been entered or are to be entered into by the Company. These contracts
who is part of the same group or who is under the same management. AND SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGES WHATSOEVER BY REASON OF ANY and also the documents for inspection referred to hereunder, may be inspected on Working Days at the
Interim use of Proceeds LOSS WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH Registered Office of the Company situated at UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi
The Board of Directors of the Company, in accordance with the policies formulated by them from time SUCH SUBSCRIPTION/ ACQUISITION WHETHER BY REASON OF ANYTHING STATED OR OMITTED TO Road, New Delhi -110 003, India, from 10.00 a.m. and 12.00 noon on any working day (Monday to Friday)
to time, will have flexibility in deploying the proceeds received from the Issue. Pending utilization of the BE STATED HEREIN OR ANY OTHER REASON WHATSOEVER. during which the Issue is open for public subscription under the Prospectus Tranche - 1. For further details
proceeds out of the Issue for the purposes described above, the Company intends to temporarily invest Listing : The Bonds will be listed on NSE and BSE. We have obtained in-principle approval from NSE please refer to page no. 67 of the Prospectus Tranche - 1.
funds in high quality interest bearing liquid instruments including money market mutual funds, deposits and BSE vide their letter no. NSE/LIST/157151-7 and letter no. DCS/SP/PI-BOND/07/11-12 DECLARATION
with banks or temporarily deploy the funds in investment grade interest bearing securities or inter respectively, both dated January 19, 2012, for this Issue. If permission to deal in and for an official We, the Directors of the Company, certify that all applicable legal requirements in connection with the
corporate loans as may be approved by the Board. Such investment would be in accordance with the quotation of the Bonds is not granted by NSE and or BSE, the Company will forthwith repay all Issue, including under the Companies Act, the SEBI Debt Regulations, and all relevant guidelines issued
investment policies approved by the Board or any committee thereof from time to time. moneys received from the Applicants in terms of the relevant tranche prospectus. If such money is not by SEBI, the Government of India and any other competent authority in this behalf, have been duly
Monitoring of Utilization of Funds repaid within eight days after the Company becomes liable to repay it (i.e. from the date of refusal complied with, and that no statement made in this Prospectus Tranche – 1 contravenes such applicable
In terms of the SEBI Debt Regulations, there is no requirement for appointment of a monitoring agency or within seven days from the Tranche Issue Closing Date, whichever is earlier), then the Company legal requirements.
in relation to the use of proceeds of the Issue. Our Board of Directors shall monitor the utilisation of the and every Director of the Company who is an officer in default shall, on and from such expiry of eight We further certify that this Prospectus Tranche – 1 does not omit disclosure of any material fact which may
proceeds of the Issue. Our Company will disclose in our financial statements for the relevant fiscal days, be liable to repay the money, with interest at the rate of 15% p.a. on application money, as make the statements made therein, in light of circumstances under which they were made, misleading and
commencing from Fiscal 2012, the utilisation of the proceeds of the Issue under a separate head along prescribed under Section 73 of the Companies Act. The Company shall use best efforts to ensure that that no statements in this Prospectus Tranche – 1are false, untrue or misleading, and that this Prospectus
with any details in relation to all such proceeds of the Issue that have not been utilized thereby also all steps for the completion of the necessary formalities for listing at BSE and NSE will be taken Tranche – 1 does not contain any mis-statements.
indicating investments, if any, of such unutilized proceeds of the Issue. We shall utilize the proceeds of within fifteen Working Days from the date of Allotment. Signed by all the Directors of the Company
the Issue only upon the execution of the documents for creation of security as stated in the Shelf Dividend : The Company has consistently paid dividend of 68.97 %, 20 %, 20 %, 9.17 % & 6.24 % Ms. Vijaya Kanth - Chairperson / Nominee Director • Mr. Rajiv Datt - Managing Director • Mr. D. C. Arya -
Prospectus in the section titled “Terms of the Issue - Security” on page 42 of Prospectus Tranche -1 and for the financial years ended March 31, 2007, March 31, 2008, March 31, 2009, March 31, 2010 & Director (Finance) • Mr. Rajesh Khullar - Nominee Director
upon the listing of the Bonds. We propose to issue Bonds to NRIs on a non-repatriable as well as March 31, 2011 respectively. The Total dividend paid for the financial year 2010-11 was ` 10,000 Place: New Delhi • Date: January 19, 2012
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Irfc tax free bond application form
This document is the prospectus for a public issue of tax-free bonds by the Indian Railway Finance Corporation Limited (IRFC). Some key details: - IRFC is issuing bonds worth up to Rs. 6,30,000 lakhs with an initial tranche of Rs. 3,00,000 lakhs opening on January 27, 2012 and closing on February 10, 2012. - The bonds are secured, redeemable, non-convertible with a face value of Rs. 1,000 each and have tax benefits under section 10(15)(iv)(h) of the Income Tax Act. - The bonds have been rated AAA with a stable outlook by CRISIL,
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Irfc tax free bond application form
- 1. INDIAN RAILWAY FINANCECORPORATION LIMITED INDIAN RAILWAY FINANCE CORPORATION LIMITED - PUBLIC ISSUE OF TAX FREE BONDS -TRANCHE 1 ISSUE A GOVERNMENT OF INDIA ENTERPRISE ISSUE OPENS ON : FRIDAY, JANUARY 27, 2012 (Incorporated on December 12, 1986 in the name of "Indian Railway Finance Corporation Limited" under the Companies Act, 1956 ("Companies Act") as a public limited company) ISSUE CLOSES ON : FRIDAY, FEBRUARY 10, 2012^ Registered Office: UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India. Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 Company Secretary: Mr S K Ajmani, Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 Compliance Officer: Mr. T. Behera, General Manager (Bonds) Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 Website: www.irfc.nic.in; E-mail: gma@irfc.nic.in 76356752 PUBLIC ISSUE BY INDIAN RAILWAY FINANCE CORPORATION LIMITED (“COMPANY” OR “IRFC” OR “ISSUER”) OFTAX FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS OF FACE VALUE OF ` 1,000 EACH INTHE NATURE OF DEBENTURES HAVINGTAX BENEFITS UNDER SECTION 10(15)(iv)(h) OF THE INCOME TAX ACT, 1961, AS AMENDED, (“BONDS”), AGGREGATING UP TO ` 6,30,000 LAKHS (THE “ISSUE”) IN THE FISCAL YEAR 2012 (THE “SHELF LIMIT”). THE TRANCHE ISSUE BY THE ISSUER IS OF BONDS AGGREGATINGTO ` 3,00,000 LAKHSWITH AN OPTIONTO RETAIN OVERSUBSCRIPTION UPTOTHE SHELF LIMIT (I.E. UPTO ` 6,30,000 LAKHS) (“TRANCHE – 1 ISSUE”) AND IS BEING OFFERED BYWAY OFTHE PROSPECTUSTRANCHE – 1 CONTAINING, INTER ALIA, THETERMS AND CONDITIONS OFTHETRANCHE – 1 (THE “PROSPECTUSTRANCHE – 1”),WHICH SHOULD BE READTOGETHER WITHTHE SHELF PROSPECTUS DATED JANUARY 19, 2012 FILED WITHTHE DESIGNATED STOCK EXCHANGE AND SEBI.THE SHELF PROSPECTUSTOGETHERWITHTHE PROSPECTUSTRANCHE – 1 CONSTITUTES“THE PROSPECTUS”. CREDIT RATING : CRISIL AAA/Stable (pronounced as "CRISIL Triple A with stable outlook"), [ICRA] AAA (Pronounced as “ICRA Triple A”), “CARE AAA (Pronounced as Triple A)” Lead Manager’s / Consortium Member’s Sub-Consortium Member’s / Name & Code Broker’s Name & Code AK Stockmart 23/12695-32 KARVY STOCK BROKING LTD 23/07701-38 310109 To, The Board of Directors, INDIAN RAILWAY FINANCE CORPORATION LIMITED, UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India. Dear Sirs, Having read, understood and agreed to the contents and terms and conditions of Indian Railway Finance Corporation Limited's Shelf and Tranche-1 Prospectus dated January 19, 2012, ("Prospectus") I/We hereby apply for allotment to me/us; of the under mentioned Bonds out of the Issue.The amount payable on application for the below mentioned Bonds is remitted herewith.I/We hereby agree to accept the Bonds applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements.I/We irrevocably give my/our authority and consent to Indian Bank to act as my/our trustees and for doing such acts and signing such documents as are necessary to carry out their duties in such capacity. I/We acknowledge that the Applications made by me/us do not exceed the investment limit on the maximum number of Series Bonds which may be held by me/us under applicable statutory and /or regulatory requirements. By making this application, I/We acknowledge that I/We have understood the terms and conditions of the Tranche-1 issue of Series Bonds of the Company as disclosed in the Prospectus. Notwithstanding anything contained in this form and the attachments hereto, by making this application: In case of applicants other than NRIs: I/We confirm that I am/We are Indian National(s)/registered in India, resident in India and I am/ we are not applying for the said Bonds as nominee(s) of any person resident outside India and/or Foreign National(s). In case of NRI applicants: I/we confirm that I am/ we are a NRI(s) as per Foreign Exchange Management Act, 1999, as amended and rules, regulations, notifications and circulars issued, and I am/ we are not applying for the said Bonds as nominee(s) of any person resident outside India (other than an NRI applicant eligible to apply under the Issue) and/or Foreign National(s). Notwithstanding anything contained in this form and the attachments hereto, I/we confirm that I/we have carefully read and understood the contents, terms and conditions of the Prospectus, in their entirety and further confirm that in making my/our investment decision, (i) I/We have relied on my/our own examination of the Company and the terms of the Issue, including the merits and risks involved, (ii) my/our decision to make this application is solely based on the disclosures contained in the Prospectus, (iii) my/our application for Bonds under the Issue is subject to the applicable statutory and/or regulatory requirements in connection with the subscription to Indian securities by me/us, (iv) In case of applicants other than NRIs: I am/We are not persons resident outside India and/or foreign nationals within the meaning thereof under the Foreign Exchange Management Act, 1999, as amended and rules, regulations, notifications and circulars issued thereunder; is case of NRI applicants: I am / We are a NRI(s) within the meaning thereof under the Foreign Exchange Managment Act.1999, as amended and rules, regulations, notifications and ciruclars issued thereunder and am/are eligible to apply under the issue and (v) I/We have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking allotment of Bonds pursuant to the Issue. APPLICANTS’ DETAILS (for Applicants applying in Demat Mode name(s) should be in the same order as it appears in the demat account) Category I - o bodies corporate and societies; o trusts; o and/or industrial research organisations; o firms in the name of the partners; o Companies; Registered Scientific Partnership Limited liability partnerships Category II - oIndian individuals; o Resident Non Resident Indians on repatriation as well as non-repatriation basis (*applying for an amount aggregating to above ` 5 lakhs across all series in each tranche) Hindu Undivided Families through the Karta; and o Resident Hindu Undivided Families through the Karta; and o Indians on repatriation as well as non-repatriation basis (*applying for an amount aggregating to upto and including ` 5 lakhs across all series in each tranche) Category III - o Indian individuals; o Non Resident ( Please see General Instructions No. 22 to 34 & 43) Power of Attorney Partnership Deed PIO Card * General Instruction No. 41 Relationship, if any, with sole/First Applicant: COMMONTERMS OFTHE ISSUE: Minimum Application size The minimum number of Bonds per application form will be calculated on the basis of the total number of Bonds applied for under each such Application Form and not on the basis of any specific option. Ratings CRISIL AAA/Stable (pronounced as "CRISIL Triple A" with stable outlook), [ICRA] AAA (Pronounced "ICRATriple A") and “CARE AAA (Pronounced asTriple A)". At the end of 10 Years from the Deemed Date of Allotment At the end of 15 Years from the Deemed Date of Allotment StockExchangesproposedforlisting National Stock Exchange of India Limited and BSE Limited DebentureTrustee Trustee for the Bondholders in this case being Indian Bank Depositories NSDL and CDSL Securities The Bonds issued by the Company will be secured by creating a charge on the movable assets of the Company comprising of rolling stock such as wagons, locomotives and coaches by a first/pari passu charge, present and future, as may be agreed between the Company and the Debenture Trustee, pursuant to the terms of the DebentureTrust Deed. Issuance In dematerialised form and physical form Trading In dematerialised form only Market Lot/Trading Lot One Bond Deemed Date of Allotment Deemed Date of Allotment shall be the date on which the Board of Directors/or any committee thereof approves the Allotment of the Bonds for each Tranche Issue. All benefits relating to the Bonds including interest on Bonds (as specified for each tranche by way of Tranche Prospectus) shall be available to the Bondholders from the Deemed Date of Allotment.The actual allotment of Bonds may take place on a date other than the Deemed Date of Allotment. Coupon Rate (%) per annum for Category I, II and III 8.00% 8.10% Submission of Application Forms: All Application Forms duly completed and accompanied by account payee cheques or drafts shall Additional Coupon Rate*** (%) per annum for Category III 0.15% 0.20% be submitted to the designated collection banks during the Issue Period. No separate receipts shall be issued for the money payable on the submission of Application Form. However, the collection banks will acknowledge the receipt of the Application Forms by stamping Aggregate Coupon Rate (%) per annum for Category III 8.15% 8.30% and returning to the Applicants the acknowledgement slip.This acknowledgement slip will serve as the duplicate of the Application Form for the records of the Applicant.Applications shall be deemed to have been received by us only when submitted to Bankers to the Issue at The claims of the Bondholders shall be superior to the claims of any unsecured creditors of the Company and subject to their designated branches as detailed above and not otherwise. applicable statutory and/or regulatory requirements, rank pari passu inter se to the claims of creditors of the Company Additional/Multiple Applications: An applicant is allowed to make one or more applications for the Bonds for the same or other series secured against charge on the movable assets comprising of rolling stock such as wagons, locomotives and coaches. of Bonds, subject to a minimum application size of 10 Bonds and in multiples of 5 Bonds there after, for each application. Any application for an amount below the aforesaid minimum application size will be deemed as an invalid application and shall be rejected. For further details please refer General Instruction No.49. Basis of Allotment: I. Applicants belonging to the Category I, in the first instance, will be allocated Bonds upto 45% of the Overall Issue Size on first come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the Issue); ii. Applicants belonging to the Category II, in the first instance, will be allocated Bonds upto 25% of the Overall Issue Size on first come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the Issue); and iii. Applicants belonging to the Category III, in the first instance, will be allocated Bonds upto 30% of the Overall Issue Size on first come first serve basis (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the Issue); *The Company would allotTranche 1 Series II Bonds to all valid applications, wherein the Applicants have not indicated their choice of the relevant series of Bonds in their Application Form. Allotments, in consultation with the Designated Stock Exchange, shall be made on a first-come first-serve basis, based on the date of presentation of each application to the Bankers to the Issue, in each Portion subject to the Allocation Ratio. Minimum allotments of 10 **For various modes of interest payment, see General Instruction No.11. Bonds and in multiples of 1 Bond thereafter would be made in case of each valid application. For further details please refer General *** For further details, see “Terms of the Issue – Interest” in General Instruction No.8. Instruction No.54. 46. • Please Note : Cheque / DD should be drawn in favour of “IRFCTax Free Bonds-Escrow Account-Tranche I” by non-NRI and non-FII applicants and in favour of “IRFCTax Free Bonds-NRI Escrow Account-Tranche I” by NRI applicants. Cheques should be crossed “A/c Payee only”. • Please write the sole/first Applicant’s name, phone no. and Application no. on the reverse of Cheque/DD. • Demographic details for purpose of refunds, if any, shall be taken from (i) Bank details as mentioned above for applicants who select the option to hold he Bonds in Physical Form; or (ii) the records of the Depositories otherwise. For additional details, refer General Instruction No. 39) ^The subscription list for the Issue shall remain open for subscription at the commencement of banking hours and close at the close of banking hours, with an option for early closure (subject to the Issue being open for a minimum period of 3 days) or extension by such period, upto a period of 30 days from the date of opening of the Issue, as may be decided by the Board of Directors/ Committee of the Company subject to necessary approvals, if any. In the event of such early closure of the subscription list of the Issue, our Company shall ensure that public notice of such early closure is published on or before the day of such early date of closure through advertisement(s) in a leading national daily newspaper. INDIAN RAILWAY FINANCE CORPORATION LIMITED A GOVERNMENT OF INDIA ENTERPRISE KARVY STOCK BROKING (Incorporated on December 12, 1986 in the name of "Indian Railway Finance Corporation Limited" under the Companies Act, 1956 ("Companies Act") as a public limited company) Registered Office: UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi-110 003, India. LTD Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 76356752 23/07701-38 Company Secretary: Mr S K Ajmani, Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 Compliance Officer: Mr. T. Behera, General Manager (Bonds) Tel: +91 (11) 2436 9766/69; Fax: +91 (11) 2436 6710 ;Website: www.irfc.nic.in; E-mail: gma@irfc.nic.in All future communication in connection with this application should be addressed to the Registrar to the Issue KARVY COMPUTERSHARE PRIVATE LIMITED, Plot No. 17 to 24 Vittal Rao Nagar, Madhapur, Hyderabad 500 081, Toll Free No.1-800-3454001, Tel: +91 40 4465 5000, Fax: +91 40 2343 1551, E-mail ID: irfc.bonds@karvy.com, Investor Grievance Email: einward.ris@karvy.com, Website: http:karisma.karvy.com Contact Person: Mr. M. Murali Krishna, SEBI Registration Number: INR000000221. Please quote full name of Sole/First Applicant, Application No., Type of options applied for, Number of Bonds applied for, Date, Bank and Branch where the application was submitted and Cheque/Demand Draft Number and name of the Issuing bank.
- 2. INDIAN RAILWAY FINANCECORPORATION LIMITED : APPLICATION FORMS AVAILABLE AT FOLLOWING LOCATIONS LEAD MANAGERS TO THE ISSUE / CONSORTIUM MEMBER’S TO THE ISSUE SBICAP SECURITIES LIMITED Agra: Bajaj Capital Ltd Shop No. 110, Ground Floor, Block No. 27/2/4, Sanjay Palace, Near Hotel Panchrattan,282002,6457307. Kotak Securities Ltd 2/220, Glory Plaza, Suer Sadan Crossing, M.G Road,5538760. RR Equity Brokers Private Ltd 9, Sbi Colony, 1st Floor, Opp. Subhash Park, M.G.Road,282002,9319087289. SBICAP Securities Ltd C/O Sbi Main Branch, Chipitola,282001,2252079.Ahmedabad: Bajaj Capital Ltd 2- L, ‘Akik’ Opp Lions Hall, Mithakhali Six Raod, Near Nalanda Hotel, Ellisbridge,380006,64500171. Eureka Stock & Share Broking Services Ltd. Shiwalik Corporate Park,B-Block,R.No.405-A,Near 10-C,Petrol Pump,Shivrangani Cross Road, Satellite,380015,9428792938. IDBI Capital Market Services Ltd 314, 3rd Floor Crystal Arcade, Beside Bsnl Complex, Near Girish Cold Drink Cross Road, C G Road,380006,40075054. JM Financial Services Pvt Ltd G-10 Chinubhai Centre, Gr. Flr,Nehru Bridge Corner,Ashram Road,380009,26576666. Kalyanbhai Mayabhai Stock Brokers Pvt. Ltd 705, Sakar 1, Opp. Gandhigram Railway Station,Navrangpura,380009,. Kotak Securities Ltd 207, 2nd Floor, Sakar-Ii, Ellisbridge Corner, Ashram Road,26587276. Kotak Securities Ltd 201/A, Amruta Arcade, Nr Maningr Char Rasta, Maningr,. Kotak Securities Ltd B/104, 1st Floor, Premium House, Opp Gandhigram Rly Stn,26579567. Kotak Securities Ltd B-46, Kamdhenu Complex, Opp.Sahajanand College, Panjara Pole, Ambawadi,26308035. Motilal Oswal Securities Ltd Bearing No. G-6/7/8/9 & 10,Citypride Complex, Near Nalanda Hotel, Mithakali Circle, Navrangpura,0,30078120. Nirmal Bang Securities Pvt. Ltd 1st Flr,Shoppers Plaza-2 , Opp Telephone Exchange, C G Road,Navarangpura,380009,33000033. Religare Securities Ltd 201,202,203,2nd Floor,Dev Complex, Opp Parimal Garden, C.G. Road,380006,9727746713. Religare Securities Ltd Dev Complex, 2nd Floor, Opp Parimal Garden, C.G. Road,380006,26422250. RR Equity Brokers Private Ltd 401, Abhijit-1, Opp. Bhuj Mercantile Bank, Mithakhali, 6 Road, Navrangpura,390009,40211888. SBICAP Securities Ltd 4, Nishka Avenue, Opp Pizza Hut, Navrangpura,380009,26561450. SBICAP Securities Ltd 2nd Floor, “Nirman”, Besides Jyoti Plaza, Nr. Shyamal Cross Road, Satellite,380015,26764456. SBICAP Securities Ltd C/O State Bank Of India, 1st Floor, Modi Arcade, Near Rly Station, Maninagar (West),380008,25469205. Standard Chartered Securities (India) Ltd. 101, Popular House, Ashram Road,380009,26582817.Allahabad: Bajaj Capital Ltd Shop No. F-5 , Indira Bhawan, Civil Lines,211001,6452481. Kotak Securities Ltd M-4, Mezzanine Floor, Lda Center, 2, Sardar Patel Marg, Civil Line,2651451.Amritsar: Kotak Securities Ltd Unit No.Fuf-7, Central Mall, 32, Mall Road,. SBICAP Securities Ltd C/O, State Bank Of India, Main Branch, Town Hall,143001,5030146.Anand: Kotak Securities Ltd 3rd Floor, “Sanket”, Near Grid,2573311. RR Equity Brokers Private Ltd G-1, Silver Oaks,Opp. Swayambar Party Plot V.V.Road,388001,9377306968.Asansol: SBICAP Securities Ltd C/O State Bank Of India,Asansol Main Branch,Bijoy Pal Sarani,713301,9641611679.Aurangabad: Religare Securities Ltd 1st Floor, Bhaskar Meridian, Opp. Swatantra Sainik Colony, Nageshwarwadi,431001,7126638098.Bangalore: Bajaj Capital Ltd Unit 104-107, First Floor, ‘A’ Wing, Mittal Towers, M.G. Road,560001,65471121. Bajaj Capital Ltd 343/6, Ground Floor, Sampige Plaza, 11Th Cross, Sampige Road, Maleswaram,560003,9731011331. Enam Securities Pvt Ltd 10/3, Ground Floor,No.29, Empire Infantry,Infantry Road,560001,40333222. IDBI Capital Market Services Ltd No. 63, Right Wing, 1st Floor, K. H. Road, (Double Road), Opp. Bmrtc Big Bazaar, Above Vodaphone Store,560027,22117869. JM Financial Services Pvt Ltd 97/4 Residency Rd,560025,30912400. Kotak Securities Ltd ‘Umiya Landmark’–Ii Flr., No:10/7 -Lavelle Rd,66203601. Kotak Securities Ltd No 201, Soundrya Sampige Complex, Sampige Road, No 412, 8th Cross, Malleswaram,9900133758. RR Equity Brokers Private Ltd S-111,Manipal Centre,47,Deckenson Road,42477177. SBICAP Securities Ltd Sbi Lho Campus Behind Spb Branch St. Marks Road,560001,32905247. SBICAP Securities Ltd Pb No-483, No-73 K R Road. Sbm Building 1st Flr, Basavangudi,560004,42103575. SBICAP Securities Ltd 1st Floor, C/O Sbi Koramangala Pbb Branch, No.472, Avs Complex, 4th Block, Koramangala,560034,49074203. Standard Chartered Securities (India) Ltd. J.R. Complex, No.21/1, Hosur Main Road, Nanjappa Layout, Adugodi,560030,22108140. Standard Chartered Securities (India) Ltd. Ground Floor, Sri Bhavana Thilaka, 4/2 Millers Road,560052,22354391.Belgaum: Kotak Securities Ltd Shri Laxmi Sankul Complex, T-01, 3rd Flr, Above Cosmos Bank, Maruti Galli,4203033.Bharuch: Kotak Securities Ltd 235-236, Harihar Complex, Zadeshwar Road,570569.Bhavnagar: IDBI Capital Market Services Ltd 108 1st Floor, Shopper’S Point, Parimal Chowk, Waghawadi Road,364002,9374840644. RR Equity Brokers Private Ltd 251 Madhav Darshan,Waghawadi Road,364001,9426235681. SBICAP Securities Ltd C/O State Bank Of Saurashtra - Kalanala Branch, Kalanala,364001,2520009.Bhilai: SBICAP Securities Ltd Sbi Main Branch,Sector 1,490001,0.Bhopal: Bajaj Capital Ltd Shop No. 6, First Floor, Jyoti Cinema Complex, M.P. Nagar, Zone1,462011,6459550. IDBI Capital Market Services Ltd Harisons House, Upper Ground Floor, 6 Malviya Nagar,462003,2760010. Kotak Securities Ltd Third Floor, Alankar Palace, 10-11, Mp Nagar, Zone 2,5248133. SBICAP Securities Ltd State Bank Of Indore Paanchanan T T Nagar,462003,6549108. Standard Chartered Securities (India) Ltd. K.K. Plaza, Plot No. 1, Zone 2, Maharana Pratap Nagar,462011,4056521.Bhubaneshwar: Bajaj Capital Ltd Plot No. 1/A, Ground Floor, Station Square, Kharvel Nagar,751001,6451257. IDBI Capital Market Services Ltd Idbi House, Janpath, Unit Ix,751022,3208801. Kotak Securities Ltd Plot No – 24, 2nd Flr., Scr, Nr Bazaar Kolkata, Bapuji Nagar, Janpath,2597871. Religare Securities Ltd Plot No - 24 , Scr Bapu Ji Nagar , Janpath,751009,6122200485. Standard Chartered Securities (India) Ltd. 5, Janpath, Unit - 3, Kharavel Nagar,751001,3209981.Bokaro: RR Equity Brokers Private Ltd Ga-18,City Center Sector-4 Bakaro Steel City,827004,9835139765.Chandigarh: Bajaj Capital Ltd Sco 341 - 342, First Floor, Sector 35B,160036,6451612. IDBI Capital Market Services Ltd Sco 86, 1st Floor, Sector 44 C,160044,3242449. Kotak Securities Ltd Sco-14-15, 2nd Floor, Madhya Marg, Sector-8C,5065301. Religare Securities Ltd Sco 56 - 58 2nd Floor Sector 9 D,44181818. RR Equity Brokers Private Ltd Sco-222-223,Gr. Floor,Sector-34A,2624896. SBICAP Securities Ltd C/O State Bank Of India, Main Branch, Sco 43-48, 1st Flr, Sector 17 B,160017,5079240. Standard Chartered Securities (India) Ltd. Sco-35-F.F,Sec-21-C,160021,5025501.Chennai: Bajaj Capital Ltd Wellington Plaza, 3rd Floor, 90, Anna Salai,600002,23451207. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 11, Vijay Delux Apts., 7/4 First Main Road, Cit Colony, Mylapore,600004,39184335. Eureka Stock & Share Broking Services Ltd. Karnani Archieves,154,Pycroft Road,Near Roypettah Clock Tower,600014,9884710122. IDBI Capital Market Services Ltd Flat No. D, 1st Floor, Deve Regency, No. 6/11, 1st Main Road, Gandhi Nagar, Adyar,600020,32935830. JM Financial Services Pvt Ltd Gee Gee Crystal - 5th Floor,91-92. Dr.Radhakrishnan Salai,Mylapore,600004,42255666. Kotak Securities Ltd Grr Business Cneter, No.21, Vaidyaraman Street, T Nagar,66462000. Nirmal Bang Securities Pvt. Ltd New No.51, C P Ramasamy Road,C P Manor Building Alwarpet,600018,42912650. Religare Securities Ltd 4th Floor, City Tower, No. 117, Theagaraya Road, T. Nagar,600017,43546592. Religare Securities Ltd 4th Floor, City Tower, No. 117, Theagaraya Road, T. Nagar,600017,43900600. RR Equity Brokers Private Ltd 3rd Flr.,Percision Plaza,New -397, Teynampet, Anna Salai,600018,42077370. SBICAP Securities Ltd Sbi Main Branch New No.84, 22 Rajaji Salai,600001,42065997. SBICAP Securities Ltd Sbi Building No 2 A Prakasam Road Panagal Park T Nagar,600017,42606204. SBICAP Securities Ltd Sbi Spb Branch,Plot No.4, Teachers Colony,Indiranagar, Adyar,600020,42607565. Standard Chartered Securities (India) Ltd. Jamals Santhini, 1/1, Ii Nd Main Road, Seethammal Colony, Alwarpet,600018,24328944. Standard Chartered Securities (India) Ltd. W-123, 1st Floor, 3rd Avenue, Anna Nagar,600040,26264500.Coimbatore: Bajaj Capital Ltd No. 575, D.B. Road, First Floor, (Near Head Post Office) R.S. Puram,641002,6470136. IDBI Capital Market Services Ltd 2nd Floor, 16, Sathya Moorthy Road, Opp. Ayyapaseva Sangam, Ramnagar,641009,3208226. Kotak Securities Ltd 1st Floor, Red Rose Chamber, 1437,Trichy Road,6699666. SBICAP Securities Ltd Sbi Main Branch,State Bank Road.,641018,2395711. SBICAP Securities Ltd Sbi Premises - First Floor, 451, D.B. Road, R.S.Puram,641018,4355527.Dehradun: Bajaj Capital Ltd 15, Rohini Plaza, 11-E Rajpur Road,248001,6452648. Kotak Securities Ltd 1st Floor, Swaraj Complex, 72, Rajpur Road, Opp Hotel Madhuban,2745870. RR Equity Brokers Private Ltd 56, 1st Floor, Rajpur Road,Opp. Madhuban,248001,3258181. SBICAP Securities Ltd Sbi Main Branch, 4th Convent Road,248001,2651156.Dhanbad: Bajaj Capital Ltd Ozone Plaza, 1st Floor, Bank More,826001,2300576. Kotak Securities Ltd 1st Floor, Commerce House - 2, Above Ashoka Bajaj Showroom, Shastri Nagar,2308482. RR Equity Brokers Private Ltd 218,Sri Ram Plaza 2nd,Floor Bank More,826000,9431721838.Durgapur: Eureka Stock & Share Broking Services Ltd. Acharjee Market,Ground Floor,Benachitty,713213,3290491. SBICAP Securities Ltd C/O. State Bank India, Durgapur Branch, Dsp Maingate, Po Durgapur-3,713203,2588289.Erode: SBICAP Securities Ltd C/O. Sbi Main Branch, D-48,State Bank Road,638003,4270818.Faridabad: Bajaj Capital Ltd 5R/1 Ground Floor, B.K. Chowk, Near Hdfc Bank,121001,6466566. RR Equity Brokers Private Ltd Shop No. 55, 1st Floor, Near Flyover,Neelam Chowk,Niit,121001,2427361. SBICAP Securities Ltd State Bank Of India, 1st Flr, Neelam Chowk, N.I.T,121001,2420209.Ghaziabad: Bajaj Capital Ltd G-5, Ansals Satyam Building, Raj Nagar, District Centre,201002,6493211. RR Equity Brokers Private Ltd 114, Satyam Complex, Raj Nagar Dc, Raj Nagar,201002,2828090. SBICAP Securities Ltd C/O, State Bank Of India,Navyug Marget,201001,2798891.Gorakhpur: Bajaj Capital Ltd Ground Floor, A D Towers, Bank Road, Gorakhpur,273001,6453025. RR Equity Brokers Private Ltd 1st Floor, Ram Govind Complex, Opp. Raj Cinema, Sumer Sagar Road,273005,9936590296.Guntur: SBICAP Securities Ltd Shop No-13, Second Floor, Raghu Mansion, 4/1, Brodipet,522002,3244001.Gurgaon: Bajaj Capital Ltd Super Mart B-201, Super Mart - 1, Dlf City Phase - Iv,122002,6469991. Bajaj Capital Ltd Sec 14 102, Akd Tower, Upper Ground Floor, Near Huda Office, Sector-14,122001,6468101. Kotak Securities Ltd O - 107 Arjun Shopping Mall ; Arjun Nagar ; Dlf Phase1,. RR Equity Brokers Private Ltd 101,Apna Bazaar,122001,9899947108. SBICAP Securities Ltd Sbicap Securites, Sbi Sushant Lok 1, B/05, Unitech Trade Centre,12209,2385365.Guwahati: Bajaj Capital Ltd Room No.102, 1st Floor, Dunfur Apartment, R G Baruah Road,781024,9207045530. IDBI Capital Market Services Ltd C/O Idbi Ltd Idbi House, 4th Floor, North Eastern Zonal Office, G. S. Road,781005,9864259980. Kotak Securities Ltd Akshay Tower , 4th Floor, Opp. Rupayan Arcade, Fancy Bazar, S.S. Road,2732243. SBICAP Securities Ltd C/O State Bank Of India , Dispur Branch, Opposite Assam Sachibalaya, Dispur,781006,2237594.Gwalior: SBICAP Securities Ltd C/O State Bank Of India,Basement, Main Branch ,Jiwaji Chowk, Lashkar,474001,2620727.Hubli: Kotak Securities Ltd V A Kalburgi Complex, Ground Floor, Besides Vivekanand Corner, Desai Cross, Deshpandenagar,2357512.Hyderabad: Bajaj Capital Ltd 3-6-522, 2nd & 3rd Floor, Archies Showroom, Opp. Kfc, Himayath Nagar,500029,44555555. Bajaj Capital Ltd Shop No.10, First Floor, Minerva Complex, 94, S.D. Road,500003,64631428. Edelweiss Broking Ltd 2nd Floor, Mb Tower, Plot No. 5, Road No. 2, Banjara Hills,500034,40316911. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 6-3-650/217B & C, Maheshwari Chambers, 2nd Flr.,Somajiguda,500082,39893626. IDBI Capital Market Services Ltd C/O Idbi Ltd 3rd Floor, Idbi House, D. No. 5-9-89 / 1 & 2, Chapel Road, P. B. No. 370,500001,66747540. JM Financial Services Pvt Ltd 9-10 Uma Chambers,3rd Floor, Banjara Hills,500034,39875900. JM Financial Services Pvt Ltd 3R Flr, 305 Jade Arcade, Opp Paradise Hotel, M G Road, Secundrabad,500003,39825200. Kotak Securities Ltd 9-1-777, 4th Flr, Beside Itc Bldg, S D Rd, (Lane Opp To Dbr Diagnosis),65326394. Motilal Oswal Securities Ltd 201, Lumbini Amrutha Chambers,Near Nagarjuna Circle, Road No.3, Banjara Hills,500082,30624444. Nirmal Bang Securities Pvt. Ltd H No.7-1-22/8-C, 1st Floor,Near Green Lands Flyover,Begumpet,500016,42407049. Religare Securities Ltd 2nd Floor,7-1-59/2&59/6, Mandhana Towers,Ameerpet,500016,40180612. SBICAP Securities Ltd State Bank Of Hyderabad Ground Floor, Gunfoundry,500001,23321875. SBICAP Securities Ltd Room 4, 1st Flr H.No 10-2-199, Nehrunagar, Entrenchment Rd, Marred Pally, Secunderabad,500026,27700135. SBICAP Securities Ltd 1st Floor, Dmc Center, Above State Bank Of India, St. John’S Road, East Marredpally, Secunderabad,500026,40137725. Standard Chartered Securities (India) Ltd. Ug - 13, Mekins Maheshwari Mayank Plaza, 6-3-866 / 1 / A, Greenlands, Ameerpet,500016,23417032. Standard Chartered Securities (India) Ltd. 103/402, Mahavir House, Basheer Bagh Square,500029,23223222.Indore: Bajaj Capital Ltd Shop No. 3, City Plaza, M.G. Road Near Regal Cinema,452001,6452014. Edelweiss Broking Ltd 312, D. M. Tower, Race Course Road,452001,4061164. IDBI Capital Market Services Ltd Plot No. 11A / A, 1st Scheme No. 54, Opp. Satya Sai School, Vijay Nagar, A. B. Road,452010,2554229. JM Financial Services Pvt Ltd Ug-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road,452004,3072111. Kotak Securities Ltd 314, Citi Centre, 570, M.G. Road,2537336. RR Equity Brokers Private Ltd 206 Gold Arcade, 1/3 New Palasia,452001,9826062666. SBICAP Securities Ltd State Bank Of Indore 5,Yashwant Niwas Road,452003,2547517. SBICAP Securities Ltd State Bank Of India Gpo Main Branch,452001,4036625. Standard Chartered Securities (India) Ltd. Ug - 4,5 & 6, Royal Diamond, Y.N. Road, Opp. State Bank Of Indore (Ho),452001,4200521.Jabalpur: Kotak Securities Ltd Jain Tower, 3rd Floor, Ruseel Chowk,4085850. RR Equity Brokers Private Ltd Shop No. 5, Unique Tower, Shashtri Bridge Chowk,Opp. Icici Bank,482002,9827066823. SBICAP Securities Ltd C/O. Sbi Main Branch, Civil Lines,482001,4218261.Jaipur: Bajaj Capital Ltd G-3, Anukampa Tower, Opp. Sangamtower, Church Road (M. I. Road),302001,6503342. Edelweiss Broking Ltd Green House 601 & 602; 6th Floor, Ashok Marg,0,4045167. Eureka Stock & Share Broking Services Ltd. 213/214,Jaipur Towers,M I Road,Opposite A I R,302001,3918040. IDBI Capital Market Services Ltd 314 3rd Floor, Ganpati Plaza, M. I. Road,302001,3208276. JM Financial Services Pvt Ltd G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme,302001,3984400. Kotak Securities Ltd 305-308, 3rd Floor, Green House, O-15,Ashok Marg, C-Scheme,. Nirmal Bang Securities Pvt. Ltd 201,2nd Floor,Sangam Tower Church Road,302001,3093700. Religare Securities Ltd No.501& 605, 5th & 6th Floor Luhadia Tower, K-11, Ashok Marg Near Ahinsa Circle, C Scheme,302001,4066023. RR Equity Brokers Private Ltd 7,Katewa Bhawan,Opp. Ganapati Plaza, Mi Road,302001,3235456. SBICAP Securities Ltd C/O Sbi Special Branch, Ground Floor, Sangeneri Gate,302003,4006483. SBICAP Securities Ltd 128 , A - Block , First Floor , Opp. Sbbj Bank,Ganpati Plaza, M I Road,302001,3221945. Standard Chartered Securities (India) Ltd. 8, Katewa Bhawan, 1st Floor, Opp. Ganpati Plaza, M.I. Road,302001,4026575.Jalandhar: Kotak Securities Ltd 2nd Floor, 465, Lajpat Nagar Market,. SBICAP Securities Ltd C/O. State Bank Ofindia, Civil Lines,144001,4636317.Jammu: SBICAP Securities Ltd C/O State Bank Of India, Railway Road Branch,180001,2471118.Jamnagar: Kotak Securities Ltd 701, 5th Floor, City Point, Station Road, Near Town Hall,5540355. SBICAP Securities Ltd G-3, Ground Flr, Madhav Darshan Complex, Opposite Cricket Bungalow Near Limda Line,361001,2555170.Jamshedpur: Bajaj Capital Ltd Shop No. 53, 2nd Floor, Kamani Business Centre Bishtupur,831001,6457603. Eureka Stock & Share Broking Services Ltd. 1st Floor,Rjs Building,Diagonal Road,Bistupur,Jamshedpur,2428777. Kotak Securities Ltd Bharat Business Centre, Ho No.2, 2nd Flr, Rm No. 8, Ram Mandir Area Bistupur,3090856. SBICAP Securities Ltd Sbi, Jamshedpur Bistupur,831001,3206515.Jodhpur: Kotak Securities Ltd 1st Floor, Gulab Bhawan, Chopasani Road,5101956. RR Equity Brokers Private Ltd Inside Keshav Bhawan Near Hdfc Bank 9Th Chopasni Road Jodhpur 342003,342003,9928388322. SBICAP Securities Ltd C/O Sbi, Special Branch, High Court Campus, Kachauri,342001,2546546.Kanpur: Bajaj Capital Ltd 106, Ratan Esquire, 14/144, Chunni Ganj,208001,6451763. Kotak Securities Ltd 312-315, 3rd Floor, 14/113, Kan Chambers, Civil Lines, Near Up Stock Exchange,3018114. RR Equity Brokers Private Ltd 26 L.G.F. Roland Tower 17/5 The Mall,208001,9336219040. SBICAP Securities Ltd Sbi, Main Branch Campus, Zonal Office,16/101 Civil Line Mall Road,208001,2333571. Standard Chartered Securities (India) Ltd. 15 / 59, “O” Civil Lines,208001,3268394.Kochi: Bajaj Capital Ltd Rubicon Building, S.A. Road, South Over Bridge, Valanjambalam,682016,6452566. IDBI Capital Market Services Ltd 2nd Floor, Pavana House, K. P. Vallon K. P. Vallon Road, Kadavanthra,682020,3210712. Kotak Securities Ltd 40/1400, 11Th Floor, Ensign Enclave, Jos Junction, M.G. Road,2377386. Nirmal Bang Securities Pvt. Ltd Shop No.39/2122 B-First Floor,Jomer Aracade, Chittoor Road,South Junction - Cochin Kerala,682016,4117971. Religare Securities Ltd 35/65-D,3rd Floor, Thadikaran Centre, Palarivattom,682025,4954025771. SBICAP Securities Ltd Sbi Shanmugham Rd. Branch 2nd Floor, Ktdc Bldg, Ernakulam,682031,3248745. Standard Chartered Securities (India) Ltd. 1st Floor, Sana Tower, 39/2579C, M.G. Road, Ernakulam,682016,2372669.Kolhapur: Bajaj Capital Ltd Ground Floor, Damodar Enclave Apartment, 10Th Lane, Rajaram-Puri,416001,6450529.Kolkata: Bajaj Capital Ltd Martin Burn House, Ground Floor, 1, Room. No. 15, R.N. Mukherjee Road,700001,40053282. Bajaj Capital Ltd Ground Floor, 10-C, Hungerford Street,700017,30295200. Bajaj Capital Ltd 9, Ezra Street,700001,64578545. Edelweiss Broking Ltd 2nd Floor, Savitri Tower, 3A, Upper Wood,0,40104635. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd S-205, Ideal Plaza, 11/1,Sarat Bose Road,700020,32426310. Eureka Stock & Share Broking Services Ltd. B3/5,Gillander House,8,N.S.Road,700001,39180300. Eureka Stock & Share Broking Services Ltd. 9B,Wood Street,1st Floor,700016,39180380. Eureka Stock & Share Broking Services Ltd. 7, Lyons Range, 2nd Floor,700001,. IDBI Capital Market Services Ltd Suit No 2 B, 228 A, Landmark Bldg - Seconf Floor , Mintopark ,Ajc Bose Road,700020,32502896. JM Financial Services Pvt Ltd Kankaria Estate, 8th Flr,6th Little Russell Street,700071,39870330. Kotak Securities Ltd 7th Floor, Apeejay House, Block ‘C’, 15, Park Street,22273999. Kotak Securities Ltd Govind Bhavan, Ground Floor, 2, Biplabi Trilokya Maharaj Sarani(Brabourne Road),22358105. Motilal Oswal Securities Ltd 3rd Floor, Constantia Building,Dr. U. N. Bramachari Street,0,9748640024. Nirmal Bang Securities Pvt. Ltd Ac Market Complex,8th Floor, 1 Shakespeare Sarani,700071,30584292. Religare Securities Ltd Unit No. 410, North Block, 4th Floor, Ideal Plaza, 11/1,Sarat Bose Road,700020,9874262628. RR Equity Brokers Private Ltd 704,Krishna Bldg.,224,Ajc Bose Road,700017,22802963. SBICAP Securities Ltd Sbi Main Branch Sammriddi Bhavan 3rd Floor, 1- Strand Road,700001,22481729. SBICAP Securities Ltd State Bank Of India Jeevandeep Bldg,Ground Floor Middleton Street,700071,22886604. SBICAP Securities Ltd C/O Sbi, 50 A, Gariahat Road, Ballygunge,700019,24619561. Standard Chartered Securities (India) Ltd. Shree Manjiri, 1st Floor, 8/1, Sir William Jones Sarani,700071,22276521. Standard Chartered Securities (India) Ltd. Premises No 152 First Floor, S.P Mukherjee Road,700026,24634044. Standard Chartered Securities (India) Ltd. Mangalam Bldg., 24 & 26, Gr Floor, Hemanta Basu Sarani, Dalhousie,700001,22137028.Kota: Kotak Securities Ltd D-8 First Floor, Shri Ram Complex, Opposite Multipurpose School, Gumanpura,. SBICAP Securities Ltd Kota Main Branch, Chhawani Chouraha,324007,2390147.Lucknow: Bajaj Capital Ltd 5, Commerce House, Habibullah Compound, 11, M.G. Marg, Hazratganj,226001,6565568. Bajaj Capital Ltd C-204, Ugf, Sahara Plaza, Patrakar Puram, Gomti Nagar,226010,4060909. IDBI Capital Market Services Ltd 1st Floor, Halwasiya House, 11 M. G. Marg,Hazratganj,226001,3250987. Kotak Securities Ltd 1-2 Ground Floor, Commerce House, Habibullah Estate,11 M.G. Marg,3232285. Kotak Securities Ltd A-1 ; Ashish Palace,Sector E,Aliganj,3232285. Religare Securities Ltd Ground Floor, Riz Building, 5 Park Road,226001,9935344009. RR Equity Brokers Private Ltd G-32,Shriram Tower,13- A,Ashok Marg,226001,4057612. SBICAP Securities Ltd C/O State Bank Of India, 2/103 Vijay Khand First Flr, Gomti Nagar,226010,2303261. SBICAP Securities Ltd C/O Sbi Govt.Business Branch Moti Mahal Marg Behind K.D.Singh Babu Stadium Hajrath Ganj,226001,3202184.Ludhiana: Bajaj Capital Ltd M-3, Abc Services, Sco-137, Feroze Gandhi Market,1,2412287. Kotak Securities Ltd Sco-122, 2nd Floor, Firoz Gandhi Market,5047214. Nirmal Bang Securities Pvt. Ltd Office No.301 & 302,Sco No.15, Scan Plaza,Feroze Gandhi Marg,141001,4020000. SBICAP Securities Ltd Sbi, 1st Floor Fountain Chowk Civil Lines,141001,5025634.Madurai: Bajaj Capital Ltd Suriya Towers, No.5, First Floor, 272/273, Good Shed Street,625001,6461023. Kotak Securities Ltd Shop A First Floor, Krv Arcade, Ar Plaza 16 & 17, North Velli Street,2341225. SBICAP Securities Ltd C/O State Bank Of India, Number - 7A, West Veli Street, Opposite Railway Station,625001,4506404.Mangalore: Bajaj Capital Ltd Essel Towers, Bs 4, Bunts Hostel Circle,575003,6451218. IDBI Capital Market Services Ltd 1st Floor, Bridge Square, Balmatta Road,575001,4278032. Kotak Securities Ltd No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, Near Jyoti Circle,424180. Kotak Securities Ltd No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, Near Jyoti Circle,424180. RR Equity Brokers Private Ltd F 2 1st Floor Adithi Arcade Karangalpay,575003,9845288557. SBICAP Securities Ltd C/O Sbi, Mangalore Main Branch, Port Road, P.B.No-90,575011,4265361.Meerut: Bajaj Capital Ltd G-43, Ganga Plaza, Near Begam Bridge,250001,6451510.Mumbai: Bajaj Capital Ltd Agra Bldg, Gr. Floor, 7/9 Oak Lane, Fort,400023,66376999. Edelweiss Broking Ltd 104, 1st Floor, P J Tower, Bse Bldg., Dalal Street, Fort,400001,67471345. Enam Securities Pvt Ltd Khatau Building, 2nd Floor, 44 Bank Street, Off Shahid Bhagatsing Road, Fort,400023,22677901. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 201-A, Laxmi Towers, Bandra Kurla Compex, Bandra (E),400051,66803600. Enam Securities Pvt Ltd Hari Chamber, Ground Floor, 58/64, Shahid Bhagat Singh Road, Fort,400001,22677901. Eureka Stock & Share Broking Services Ltd. Raheja Chambers,R.No.909,9Th Floor,213,Nariman Point,400021,32583020. IDBI Capital Market Services Ltd Mafatlal Centre , 3rd Flr , Nariman Point,400021,43221212. IDBI Capital Market Services Ltd Shop No. B 4, E Wing, Crystal Plaza, Opp. Infinity Mall, Off New Link Road, Adarsh Nagar,Andheri (W),400053,32468346. IDBI Capital Market Services Ltd Shop No.3, Vikas Palm Village Pachpakhadi,400601,25444441. IDBI Capital Market Services Ltd Shop No. 8, Thacker Tower Premises Co-Op Society Ltd Plot No. 86, Sector 17, Vashi,400705,27893262. JM Financial Services Pvt Ltd 1st Floor, Patel House, Next To Bank Of Baroda,M G Road, Vileparle (E),400057,26135202. JM Financial Services Pvt Ltd Palm Court, M- Wing, 4th Floor, Goregaon Link Road,Malad West,400064,30877000. JM Financial Services Pvt Ltd Ground Floor, Anushka, New Link Rd,Andheri West,400053,66191600. JM Financial Services Pvt Ltd Shop No 6, Dattani Trade Center,Chandra Varkar Road, Borivali (W),400092,30215400. JM Financial Services Pvt Ltd 424/425 Kalidas Plaza, V B Lane,Ghatkopar East,400075,30978700. JM Financial Services Pvt Ltd 2,3,4 Kamanwala Chambers, P M Road, Fort,400001,3021500. Keynote Capitals Ltd 4th Floor, Balmer Lawrie Building,5, J. N. Heredia Marg,Ballard Estate,400001,22694322. Kotak Securities Ltd 32, Gr Flr., Raja Bahadur Compound, Opp Bank Of Maharashtra, Fort,22655074. Kotak Securities Ltd 6th Floor, Kotak Towers, Building No. 21, Infinity Park, Off Western Express Highway, Goregaon Mulund Link, Road, Malad (E),66056825. Kotak Securities Ltd Nirlon House, 3rd Floor, Dr Anie Besant Road, Near Passport Office, Worli,66529191. LKP Securities Ltd Bank Of Maharashtra Bldg,45 / 47, B S Marg, Fort,400001,22663963. Motilal Oswal Securities Ltd Queens Mansion,2nd Floor, 44, A. K. Naik Marg, Behaind Khadi Gramodyog,0,30278090. Nirmal Bang Securities Pvt. Ltd B - 201,Khandelwal House, Poddar Road, Near Poddar Park, Malad (East),400097,39269139. Religare Securities Ltd 301/302, Viraj Tower, Gundavali, Western Express Highway, Near Landmark Building, Andheri (East),400093,9654460744. Religare Securities Ltd 301/302, Viraj Tower, Gundavali, Western Express Hightway,Near Landmark Building, Andheri (East),400093,67288000. RR Equity Brokers Private Ltd 18 First Floor,105 Bombay Samachar Marg.,Fort,400023,40544201. RR Equity Brokers Private Ltd 133A, Mittal Tower, A Wing, 13Th Floor, Nariman Point,400021,9324804084. SBICAP Securities Ltd State Bank Of India M.G.Road Ghatkopar East,400077,25020964. SBICAP Securities Ltd 1st Floor, Tulsiani Chembers, Nariman Point,400021,32660218. SBICAP Securities Ltd Sbi Admin Building Compound, Madam Cama Rd., Nariman Point,400021,22023214. SBICAP Securities Ltd C/O Sbi Spb Branch, Mumbai Samachar Marg, Gate No 7, Horniman Circle, Fort,400001,32660216. SBICAP Securities Ltd 2nd Flr, C Wing, Mafatlal Chambers, N.M Joshi Marg, Lower Parel,400013,42273451. SBICAP Securities Ltd C/O Sbi Jvlr Branch, Ground Floor,Juhu Versova Link Road, Andheri (W),400053,26707887. Standard Chartered Securities (India) Ltd. Shop No. 1&2, Shroff Towers, Sodawala Cross Lane, Borivali (West),400092,66982772. Standard Chartered Securities (India) Ltd. Work Station - 1016, Standard Chartered Tower, 201-B/1,1st Floor, Western Express Highway,Goregaon (East),400063,67559626. Standard Chartered Securities (India) Ltd. Sai Plaza, Ground Floor, Jawahar Road, Opp. Railway Station, Ghatkopar (East),400077,25028540. Standard Chartered Securities (India) Ltd. 6, Sanghrajka House, 1st Floor, 431, Dr. D.B. Marg, Opera House,400004,65177950. Standard Chartered Securities (India) Ltd. Ground Floor, Anand Commercial Centre, Near Asha Parekh Hospital, S.V. Road, Santacruz (West),400054,26004633.Mysore: Kotak Securities Ltd No: 646 - Kiran Mansion - 2 Nd Floor, Above Reliance Fresh, Chamaraja Double Road,4000861. SBICAP Securities Ltd C/O State Bank Of India, Mysore Main Branch,P.B.No-204, Motikhana Building, New Sayaji Rao Road,570024,2435866.Nagpur: Bajaj Capital Ltd Shop No. 5, Pushpakunja Commercial Complex, Central Bazar Road, Ramdas Peth,440010,6618577. IDBI Capital Market Services Ltd Unit No. 104, Ashish Annexe, Plot J-13 A, Whc Road, Laxmi Nagar,440022,2230005. Kotak Securities Ltd Plot No. 5, 3rd Floor, Lotus Gorepeth Layout Whc Road , Dharampeth,6620278. SBICAP Securities Ltd C/O Sbi Seva Sadan Branch, 75 Moti Mohan Complex Seva Sadan Chowk, C.A.Road,440018,3257729. Standard Chartered Securities (India) Ltd. 101/102, Shriram Shyam Towers, 1st Floor, Kingsway, Sadar,440001,3243681.Nashik: Bajaj Capital Ltd G 18 & 19 , Suyojit Sankul, Tilak Wadi, Sharanpur Road,422002,6629011. Kotak Securities Ltd G-5, Suyojit Avdhoot Tower, Old Gangapur Naka, Gangapur Rd,6609804. SBICAP Securities Ltd C/O Sbi Spbb Br., Plot No. 56 ,Opp. Wadnagare Bhavan, Thatte Wadi, College Road,422005,2232152.New Delhi: Bajaj Capital Ltd Bajaj House, 97, Nehru Place,110019,41693000. Bajaj Capital Ltd United India Life Building, F-Block, Middle Circle, Connaught Place,110001,41790444. Enam Securities Pvt Ltd M-39, Iind Floor, Outer Circle,Opp.Super Bazar, Connaught Place,110001,49811200. IDBI Capital Market Services Ltd Office No. 216-217-218, Second Floor, Vardhman Tower, Preet Vihar,110092,32472133. IDBI Capital Market Services Ltd C-1/103-104,Lajpat Nagar -1, New Delhi,110024,9810316643. IDBI Capital Market Services Ltd 114, 1st Floor, Aggarwal City Plaza,Plot No. 17, Manglam Palace, Sector 3, Rohini,9810533146. JM Financial Services Pvt Ltd 114 Himalya House,23,K G Marg,110001,41305000. Kotak Securities Ltd 202-217, 2nd Floor, Ambadeep Building, 14, Kasturba Gandhi Marg,66313131. Motilal Oswal Securities Ltd 801-806,8th Floor, Prakash Deep Building, 7 Tolstoy Marg, Connaught Place,0,43671859. Nirmal Bang Securities Pvt. Ltd Flat No.120, New Delhi House, 27 Barakhamba Road,110001,43603961. Religare Securities Ltd G 36 Marina Arcade Inner Circle Connaught Place,110001,66201412. Religare Securities Ltd Religare Securities Limited, 4th Floor, D3, P3B, District Center, Saket,1100017,39125410. Religare Securities Ltd G - 16, Marina Arcade, Opp. Shivaji Stedium, Connaught Place,110001,66154195. RR Equity Brokers Private Ltd 47, M.M. Road, Rani Jhansi Marg, Jhandewalan,110055,9312940483. RR Equity Brokers Private Ltd 105, Anchal Plaza,Nelson Mandela Road Vasant Kunj,110070,26891262. RR Equity Brokers Private Ltd 105, Pratap Bhawan , Bahadur Shah Zafar Marg,110001,49505500. RR Equity Brokers Private Ltd 118, Gagandeep Building, Rajendra Place,110008,25764872. RR Equity Brokers Private Ltd 106, Pankaj Chambers, Preet Vihar Community Centre,110092,42421238. RR Equity Brokers Private Ltd Shop No. 24, Fd Market, Near Madhuban Chowk, Pitampura,110034,27311419. RR Equity Brokers Private Ltd N-24 - 25, Connaught Place,110001,41523306. RR Equity Brokers Private Ltd 111, Jyotishikhar, 8 Distt. Centre , Janakpuri,110018,25617654. SBICAP Securities Ltd Sbi Spb Branch11, Parliament Street,110001,23744235. SBICAP Securities Ltd State Bank Of India Personal Banking Branch, A-15 Hauz Khas,110016,26511104. SBICAP Securities Ltd 9, New Rajdhani Enclave, Swasthya Vihar,Nr Preet Vihar Metro Station,110092,45108482. SBICAP Securities Ltd C/O, State Bank Of India, E-2/28, Sector-7, Rohini,110085,27055815. Standard Chartered Securities (India) Ltd. 159, Aggarwal Citi Plaza, Plot No. 17, Manngalam Place, Sector 3, Rohini,110085,47090181. Standard Chartered Securities (India) Ltd. 52-53, Malviya Smriti Bhawan, Deen Dayal Upadhyay Marg,110002,41514821. Standard Chartered Securities (India) Ltd. E-2/27,Ground Floor, Main Link Road, Jhandewalan, Near Jhandewalan Metro Station, Gate No.2,110055,43293200.Noida: Bajaj Capital Ltd Sector -29 A-2, Brahmputra Commercial Complex, Near Rail Reservation Centre, Sec. 29,201301,6494074. Bajaj Capital Ltd Sec-41 C-20, C Block Market, Sector-41,201301,2570410. Kotak Securities Ltd 2nd Floor, Above Kotak Mahindra Bank, G-31-32, Atta Market, Sector-18,4606911. Religare Securities Ltd Gys Global Religare Securities Limited , A 3 /4/5 Sector 125,201301,3394178. RR Equity Brokers Private Ltd P-5,Sector - 18,201301,4336902. SBICAP Securities Ltd C/O State Bank Of India, Sector-26,201301,2532133.Panjim: Bajaj Capital Ltd F2, 1st Floor, Alfran Plaza, Near Don Bosco School, Panaji, Goa,403001,2356869. Kotak Securities Ltd 2nd Floor,Gurusai Plaza,Isidoria Baptista Road,Margao,6624833. SBICAP Securities Ltd Sbi, Panaji Main Branch Dayanand Bandodkar Marg Near Hotel Mandovi,403001,3253886. Standard Chartered Securities (India) Ltd. 15, 16 & 17, Haroons Arcade, Magnum Center, 1st Floor, M. G. Road, Panaji,403001,2232173.Patiala: SBICAP Securities Ltd State Bank Of Patiala Mall Road, The Mall Near Sherawala Gate, Demat Section,147001,5013356.Patna: Bajaj Capital Ltd Flat No. 108, 1st Floor, Ashiana, Plaza, Budha Marg,800001,6451056. IDBI Capital Market Services Ltd Patna Branch Office, 205, 2nd Floor, Grand Plaza, Fraser Road,800001,3200687. Kotak Securities Ltd Office No.7, Twin Tower Hathwa, South Gandhi Maidan,2224620. RR Equity Brokers Private Ltd 422-23, 4th Floor,Ashiyana Harniwas Complex,New Dak Bunglow Road,800001,9334114868. SBICAP Securities Ltd C/O State Bank Of India ,Spb Gandhi Maidan,Biscoman Bhavan,800001,3260943.Pondicherry: Bajaj Capital Ltd No. 127/A, 100 Ft. Road,Natesan Tower, 1st Floor, Natesan Nagar,605001,6452334. SBICAP Securities Ltd 164, Kamraj Salai, 1st Flr, Above Sbi Adb Branch,605013,4304236.Pune: Bajaj Capital Ltd Shop No 6, Sanas Plaza, 1302, Subhash Nagar, Bazirao Road,411002,65009460. Bajaj Capital Ltd Suyash Plaza, Office No.08, 3rd Floor, Opp-Selene Building, Bhandarkar Road, Near Kamla Nehru Park,411004,65009463. Enam Securities Pvt Ltd 1248A, Asmani Plaza, Goodluck Chowk, Deccan Gymkhana, Shivaji Nagar,411004,25521606. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 101 & 102, Silver Prestige, 1st Floor, Opp. Mccia, Tilak Road, Swargate,411002,30205492. IDBI Capital Market Services Ltd Office No. 32 / 33, 2nd Floor, Building B, Wing C, Shrinath Plaza, Modern College, Shivagi Nagar,411004,32913133. JM Financial Services Pvt Ltd 205 Business Guild ,Opp. Krishna Dining Hall,Law College Road, Erandawane,411001,39871600. Kotak Securities Ltd 2 Nd Floor, Kumar Business Center,Bund Garden Road,Opp. Bund Graden,66066129. Religare Securities Ltd Amar Calibre, Ground Floor, C.T.S No. 911,Bmc Collage Road, Opp. Hotel Hill View, Deccan Gymkhana,411004,9167216617. Religare Securities Ltd Religare Securities Ltd., Vascon Matrix, Ground Floor, Near Shoppers Stop,Wakdewadi,Shivaji Nagar,411005,0. SBICAP Securities Ltd State Bank Of India Deccan Gymkhana Branch J.M.Road, Deccan Gymkhana,411004,25539399. SBICAP Securities Ltd C/O Sbi Bund Garden Branch, Grale 171/B, 1st Floor, Dp Road,411001,30221091. Standard Chartered Securities (India) Ltd. A/2, 1st Floor, Deccan Chambers, C.T. Survey No. 33/40, Erandwane, Karve Road,411004,25453436.Raipur: Kotak Securities Ltd Menzanine Fllor, Chawla Complex, Near Vanijya Bhawan,Devendra Nagar Road,251555. SBICAP Securities Ltd C/O State Bank Of India,Kutchery Branch,Kutchey Chowk,492001,4075329.Rajkot: Bajaj Capital Ltd Prathibha Complex, Near Jayesh Publicity, Moti Tanki Chowk,360001,6450135. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd 308, 3rd Floor, Towar Commercial Complex,Jawahar Complex,Near Galaxy Hotel,360001,2226383. IDBI Capital Market Services Ltd 1st Floor, Ankur Bldg Dr. Radhakrishan Road, Near Moti Tanki,360001,3056091. JM Financial Services Pvt Ltd 202 Solitaire, 2nd Floor, Swami Vivekanand Marg, Near Municipal Commissioner Bunglow, Ramkrishna Nagar,360007,3984000. Kotak Securities Ltd Nath Complex, 2nd Floor, Opp. Jilla Panchayat, Above Kotak Mahindra Bank, Yagnik Road,2459436. SBICAP Securities Ltd 608, Dhanrajni Complex, 6th Flr, Near Imperial Palace Hotel, Dr Yagnik Road,360001,3043328.Ranchi: Eureka Stock & Share Broking Services Ltd. G-2,Qtr,Shree Gopal Complex,Court Road,834001,2200230. Kotak Securities Ltd Shop No. 24 & 25, 2nd Floor, A.C. Market, G.E.L. Church Complex, Main Road,2200860.Salem: Bajaj Capital Ltd 22, Gf, Omalur Main Road,636009,6452565. Kotak Securities Ltd 5/241, F Rathna Arcade Five Road,Meyyanur,2335476. SBICAP Securities Ltd Sbi Siruthozhil Branch Bank House,No. 68 Cherry Road,636007,4031780.Shimla: SBICAP Securities Ltd C/O State Bank Of India, New Building, 2nd Floor, The Mall,171003,2652726.Siliguri: Bajaj Capital Ltd 3rd Floor, Jatin Das Sarani, (Near Jwel Club),Ashram Para,734001,9641831375. Eureka Stock & Share Broking Services Ltd. 2nd Floor,Metro Plaza,S.F.Road,Khalpara,734405,9832379189. Kotak Securities Ltd Nanak Complex, 2nd Floor, Sevok Road,. Standard Chartered Securities (India) Ltd. Pratap Market, 1st Floor, Sevoke Road, Near Payal Cinema,734401,2544894.Surat: Bajaj Capital Ltd L-4, Ground Floor, Vishwakarma Chambers, Majura Gate Crossing Road, Ring Road,395002,6450421. JM Financial Services Pvt Ltd 407, 4th Floor, 21 Century Business Centre, Near Udhna Char Rasta, Ring Road,395002,3984000. Kotak Securities Ltd Kotak House, K G Point, 1st Floor, Nr.Ganga Palace, Opp.Idbi Bank, Ghoddod Road,2254553. RR Equity Brokers Private Ltd M 32-Center Point,Civel Char Rasta Ring Road,395002,9925233692. SBICAP Securities Ltd 1/580, Pore Street, Nanpura, Opp Sbi,395001,2464888. Standard Chartered Securities (India) Ltd. U-18,Upper Ground Floor, Jolly Plaza, Athwagate,395001,2463101.Thiruvananthapuram: Bajaj Capital Ltd Edamala Plaza, Tc 14/999 Opposite Police Headquarters, Vellayambalam Road, Vazahuthacadu Sasthamangalam Post,695010,6450176. IDBI Capital Market Services Ltd Nh Road, Killipalam,Trivandrum.,695002,4018482. Kotak Securities Ltd Mahesh Estates, 2nd Floor, T L -15/1805, Vazhuthacadu,2337423. SBICAP Securities Ltd First Floor, State Bank Of Travancore Building, Sasthamangalam,695010,6454296.Trichy: Bajaj Capital Ltd Swati Arcade, 73/1 - F 1st Floor Salaia Road, Thillai Nagar,620018,6452094. Kotak Securities Ltd C-56,1-24-4th Cross, Thillai Nagar,. SBICAP Securities Ltd C/O, State Bank Of India, Micr Center, Ground Flr, Asha Arcade, 73 Promenade Road, Cantonment,620001,4002818.Udaipur: Kotak Securities Ltd 222/12, Ist Floor, Mumal Towers, Saheli Marg,513901. SBICAP Securities Ltd C/O Sbi, Main Branch, 23/C Madhuban,313001,2420150. Standard Chartered Securities (India) Ltd. Abhay Niwas, 5, 1st Floor, Residency Road,313001,3204889.Ujjain: SBICAP Securities Ltd C/O Sbi Main Branch, State Bank Building, Budhwariya,465001,4061476.Vadodara: Bajaj Capital Ltd 129 Siddharth Complex, R C Dutt Road,390007,3088162. Enam Securities Pvt Ltd Enam Securities Direct Pvt Ltd Gf 9, Silverline Towers, Opp Bbc Towers,Sayajiganj,390005,3026945. Enam Securities Pvt Ltd 642 Fortune Towers, Sayajiganj,390005,2225412. IDBI Capital Market Services Ltd G/24 Concorde Bldg R P Dutta Road, Near Idbi Bank, B/ H Idbi Bank, Alkapuri,390005,3201426. JM Financial Services Pvt Ltd G1Ground Floor, Shohan, 49 Alkapuri Society, Opp. Hdfc Babk, Alkapuri,390007,3984311. Kotak Securities Ltd 216, Meghdhanush Complex, Race Course Road (South),2314455. Religare Securities Ltd 3rd Floor, Corner Square, B/S West Side Near Natu Bhai Circle, Race Course Circle,390007,9558816823. RR Equity Brokers Private Ltd 222 Siddharth Complex,Rc Dutta Road,390007,3256190. SBICAP Securities Ltd Sbi, Alkapuri, R.C.Dutt Road,390007,6535747. SBICAP Securities Ltd C/O. Sbi Mandvi Main Branch, Opp Jamnabhai Hospital, Mandvi,390001,2516422. SBICAP Securities Ltd C/O. Sbi Makarpura I.E. Branch, Vcci Building, Makarpura,390010,2632533. Standard Chartered Securities (India) Ltd. F-101, Savoy Complex, Old Padra Road,390020,2357160.Varanasi: Bajaj Capital Ltd D-58/53-54, 1st Floor, Shiva Complex, Rath Yatra Crossing,221010,6450181. IDBI Capital Market Services Ltd D-58/12, A-7, Iiird Floor, Gandhi Nagar, Sigra,221010,9935397975. RR Equity Brokers Private Ltd D -64/127 C-H, Arihant Complex, Nagar Nigam Road, Sigra,221010,9415201997. SBICAP Securities Ltd C/O State Bank Of India , Bhelupur Branch,221010,22277558.Vijayawada: Bajaj Capital Ltd Kalyan Complex 39-1-89, 1st Floor, Beside Obc Bank, Temple Street, M.G. Road, Labbipet,520010,6450181. Kotak Securities Ltd 40-1-48/1, Labbipet, M.G.Road,6649061. SBICAP Securities Ltd Sbi ,Governorpet Branch Ali Begh Street Governorpet,520002,2577887.Visakhapatnam: Bajaj Capital Ltd Door No.10-1-125, 1st Floor, Asilmetta Junction, Beside Prasad Labs,530003,6461773. IDBI Capital Market Services Ltd 10 / 1 / 44 3rd Floor, T. L. N. Complex Opp. Idbi Bank, Siripuram,530003,3201715. JM Financial Services Pvt Ltd Door No 9-1-224/4/3, 1st Floor, Nandan Nirman,500003,3983800. Kotak Securities Ltd Door No.47-10-15, Vrc,. SBICAP Securities Ltd C/O Sbi Main Branch, Demat Section, Opposite Jail Road Junction, Near Redham Gardens,530002,9949324544. Standard Chartered Securities (India) Ltd. Vijayalakshami Nilayam, 1st Floor, 10- 50-81, Rock Dale Layout, Waltair Main Road,530002,2739420. A K STOCKMART PR VATE L M TED C C SECUR T ES L M TED AGRA : Bajaj , Shop No. 110, Ground Floor, Block No. 27/2/4, Sanjay Palace, Tel - 0562-6457307; ICICI Sec ,Mr. SUSHANT BEJROI,13A, 1St Floor,Sadar Bazar,,AGRA - 282002; KARVY,F4, 1st FLOOR, DEEPAK WASAN PLAZA,SANJAY PLACE, (BEHIND HOLIDAY INN),AGRA,Tel - 2526660 / 63; Kotak Sec ., 2/220, Glory Plaza, M.G Road,P: 5538760; RR Equity, 9, Sbi Colony, 1st Floor, M.G.Road, Tel - 9319087289; SMC ,Mr. R N Gupta,F- 4, Block No 35, Surya Kiran Building ,Sanjay Place ,Tel - 7520787708; AHMEDABAD : Bajaj , 2-L, ‘Akik’ ,Mithakhali Six Raod, Ellisbridge, Ph: 079-64500171, 72; Centrum ,Mr. Rajesh Subramanian,A/1, Narnarayn Complex,Swastik Char Rasta, Navrangpura, Ahmedabad - 380009,Tel - 079-40089176; Eureka , Block, R No. 405-A, Near 10 – C, Petrol Pump, Satellite, Tel – 09428792938/09376643939; ICICI Sec ,Mr. KRUNAL NANAVATI,Shop no 6, Sun complex,C.G. Road,,AHMEDABAD - 380009;ICICI Sec ,Mr. ABHISHEK SHARMA,First Floor Shop No 119,Akshar Commercial Complex,Satellite Road; ICICI Sec ,Mr. RAVI SETHIA,Ground Floor, Shop No 4 & 5,Shilp Corner, Subhash Chowk,Gurukul Road, Memnagar,AHMEDABAD - 380052;ICICI Sec ,Mr. HETAL PATEL,First Floor, Shop No. 106/107,Krishnabaug Char Rasta,Kesharkunj Complex Maninagar,AHMEDABAD - 380008;ICICI Sec ,Mr. AALAP SHAH,Ground Floor Shop No 39,40,41,42,Sarjan 2, 100 Feet Road,Sarjan 2,New C.G Road,Chandkheda,AHMEDABAD - 382424;ICICI Sec ,Mr. AKHILESH TIWARI,Sardar Centre, Grd Floor,Shop no. 31 to 35, Vastrapur,AHMEDABAD - 380015;ICICI Sec ,Mr. VRUNDA SHASTRI,Shop No. 1,2,3,4,Suvas Complex, 1St Floor Shahibaug.,AHMEDABAD - 380004; JM Financial , Mr Bhavesh Shah/Mr.Girish Shah, G-10 Chinubhai Centre,Gr. Flr, Nehru Bridge Corner,Ashram Road, Ph:079-2657 6666 – 70; KARVY,7 - 8, 2ND FLOOR, 3RD EYE BUILDING,PANCHVATI CIRCLE, C.G.ROAD,,AHMEDABAD,Tel - 079-26407543,44; KARVY,27, SUMAN TOWER, 1ST FLOOR,SECTOR NO.11,GANDHINAGAR,Tel - 079-23240166; Kotak Sec ., 207, 2nd Floor, Sakar-II, Ellisbridge Corner, Ashram Road.P:26587276; Kotak Sec Ltd., 201/A, Amruta Arcade, Nr Maningr Char Rasta, Maningr; Kotak Sec ., B/104, 1st Floor, Premium House, P:26579567; Kotak Sec ., B-46, Kamdhenu Complex, Panjara Pole, Ambawadi.P:26308035; Nitin Parikh, 101, Akash Ganga, Nr. Munshi Nursing Home,Gujarat College Road, Ellisbridge, Tel - 2640 4510-13/ 4020 6900; Pravin Ratilal, Sakar-I, 5th Floor, Navrangpura, Ahmedabad – 380009, Tel – 26553700; RR Equity, 401, Abhijit-1, Mithakhali, 6 Road, Navrangpura, Ahmedabad-390009 079- 40211888; Standard Chartered ,Attn : Shainy Vani,101, Popular House, Ashram Road, Ahmedabad - 380009 ,Tel - 9974160266;Standard Chartered ,Attn : Dewal Dave ,101, Popular House, Ashram Road, Ahmedabad - 380009 ,Tel - 9825551124; SMC ,Mr. Jimeet Seth,10-A, Kalapurnam,C G Road , Ahmedabad 380003 ,Tel - 9825612323;SMC ,Mr. Kartik Dave,3rd Floor, Sun City House, Besides Pantaloon, MithaKhali Six Road, Ahmedabad - 380009. ,Tel - 9427181917; Sharekhan Ltd,201/202/301,Dynamic House,Near Vijay Cross Road,Navrangpura,Ahmedabad,380009,Tel - 079 - 66060141; ALLAHABAD : ICICI Sec ,Mr. VIKRAM SINGH,27/17, 1St Floor,Algin Road, Civil Lines,,ALLAHABAD - 211001; KARVY,2nd Floor, RSA Tower,57, Sardar Patel Marg, Civil Lines,,ALLAHABAD,Tel - 2260291-92-93; Kotak Sec ., M-4, Mezzanine Floor, LDA Center, 2, Sardar Patel Marg, Civil Line.P: 2561451; AMRITSAR : ICICI Sec ,Mr. SAURAV GUPTA,3, Lawrence Road,AMRITSAR - 143002; KARVY,72-A TAYLOR’S ROAD,OPP.AGA HERITAGE GANDHI GROUND,AMRITSAR,Tel - 5053802/3/4/5; Kotak Sec ., Unit No.FUF-7, Central Mall, 32, Mall Road; AMBALA : KARVY,5509, NICHOSON ROAD,ADJACENT KOS HOSPITAL AMBALA CANTONEMENT,AMBALA,Tel - 3200223 / 2640668; ASANSOL : KARVY,18 G T ROAD,3rd FLOOR,,ASANSOL,Tel - 2214623, 2214624, 2214625; ANAND : KARVY,F-6, Chitrangana Complex,Opp: Motikaka Chawl ; V V Nagar,ANAND,Tel - 248980/248873; Kotak Sec ., 3rd Floor, “Sanket”, Near Grid.P: 2573311; RR Equity, G-1, Silver Oaks, V.V.Road Anand Gujarat 388001 9377306968; Sharekhan Ltd,F-5 Prathna Vihar,Anand Vidya Nagar Road,Anand,Gujarat,388001.,Tel - 02692-245614/15/16; AURANGABAD : ICICI Sec ,Mr. BHAVESH BHANUSHALI,Gr. Floor, Ghai Chambers,Jalna Road,,AURANGABAD - 431001; KARVY,SHOP NO.214/215,TAPADIYA CITY CENTRE, NIRALA BAZAR,AURANGABAD,Tel - 23635309665066500; BANGALORE : Bajaj , Unit 104-107, First Floor, ‘A’ Wing, Mittal Towers, M.G. Road, Bangalore – 560001, Ph: 080-65471121, 65471123; Centrum ,Mr. Vikas Pathania,#194,Akruti Chambers, Binnamangala II, Double Road, Indaranagar, Bangalore 560038,Tel - 080-32218880/ 09686450949; Enam Sec, 10/3, Ground Floor, No.29, Empire Infantry, Infantry Road, Tel – 40333222; ICICI Sec ,Mr. NAVEEN GOWDA,73/1-1, Krishna ,Infantry Road,BANGALORE - 560001;ICICI Sec ,Mr. RAVIKANTA K,First Flr, CNN & Yashosha Complex,No.87 , HBCS Layout, Basweswar Nagar,,BANGALORE - 560079;ICICI Sec ,Mr. SRINIVASAN GOPALAKRISHNAN,First Floor, No. 9/1,Cambridge Road Layout, First Cross,,BANGALORE - 560008;ICICI Sec ,Mr. VIPIN TRIVEDI,First Floor, No.778/A,Chinnaswamy Chambers, off CMH Road,Indira Nagar.,BANGALORE - 560038;ICICI Sec ,Mr. SHASHIKANTH RAO,Sriranga Complex, No. 77, First Floor,Dr. Modi Road,2Nd Stage West of Chord Road,,BANGALORE - 560086;ICICI Sec ,Mr. PIYALI ROYCHOWDHURY,First Floor No.50 Little Plaza,Cunningham Road,,BANGALORE - 560052;ICICI Sec ,Mr. PRAKASH SRIVASTAVA,First Floor,135/5, 15Th Cross,100 Ft Ring Road,3Rd Phase J P Nagar,BANGALORE - 560078;ICICI Sec ,Mr. MALLIKARJUN KUBSAD,First Floor, No 81/B 22Nd Cross,Jaya Nagar, 3Rd Block,BANGALORE - 560041;ICICI Sec ,Mr. KULDEEP KALYANKUMAR,No:399 ,White Gold,1St Floor,24Th Cross, Bhanashankari II Stage,BANGALORE - 560070;ICICI Sec ,Mr. AMITABH KUMAR,Second Floor, No:4C-402 HRBR Layout Kamanahalli,II Block,BANGALORE - 560043;ICICI Sec ,Mr. SATYAJEET SHARMA,First floor No. 209, New BEL Road,BANGALORE - 560054;ICICI Sec ,Mr. SUKESH KS,#105, A.E.C.S. Layout 2Nd Stage 5Th Main Post Officeroad,Sanjay Nagar Main Road,BANGALORE - 560094;ICICI Sec ,Mr. MANISH KUMAR,6/1, Ghandi Bazar First Floor,Basavanagudi,Main Road, Gandhi Bazar.,BANGALORE - 560004;ICICI Sec ,Mr. NARENDRA KUMAR,No.2, 100Ft Ring Road, Katriguppa Circle,Bhanashankari III Stage,BANGALORE - 560085;ICICI Sec ,Mr. DHANANJAY KUMAR,No 72/1-B,Kanakapura,Mani Road Rd, Ph:-080- 30912400/2299 8264/65/66/67; KARVY,NO.746, 1ST FLOOR, KRISHNA TEMPLE ROAD,INDIRA NAGAR 1ST STAGE,INDIRA NAGAR,Tel - 25264344 / 2930 ; KARVY,165 & 166, MANJUNATHA CHAMBERS,SHANKARNAGAR MAIN ROAD,BANGALORE,Tel - 23375292, 23471375;KARVY,”SKANDA” NO 59,PUTANA ROAD, BASAVANAGUDI,BANGALORE,Tel - 26621192 / 93; Kotak Sec ., ‘Umiya Landmark’– II Flr., No:10/7 -Lavelle Rd.P: 66203601; Kotak Sec ., no 201, soundrya sampige complex, Sampige Road, No 412, 8th Cross, Malleswaram. P: 9900133758; RR Equity, S-111,Manipal Centre,47,Deckenson Road,Banglore-42 080-42477177; Standard Chartered ,Attn : P.V. Arvind Kumar,Ground Floor, Sri Bhavana Thilaka, 4/2 Millers Road, Bangalore - 560052. ,Tel - 9632200224;Standard Chartered ,Attn : Deepak R.S.,J.R. Complex, No.21/1, Hosur Main Road, Nanjappa Layout, Adugodi, Bangalore - 560030. ,Tel - 080 - 22108140 / 41 / 42; SMC ,Mr. Parag Bisht,Premises # 7,8,9,10,Ground floor,Gold Tower,#50(old # 98),Residency Road,Bangalore – 560025 ,Tel - 9739112254; Sharekhan Ltd,#2307, Swanlines Building, 12th Main Road, Jayanagar 3rd Block East, Bangalore - 560011,Tel - 080 - 42876666; BAREILLY : KARVY,1ST FLOOR, 165, CIVIL LINES,NEAR RAILWAY STATION,BAREILLY,Tel - 2574238 TO 39; Sharekhan Ltd,148 Civil Lines,Bareilly,243001,(U.P.),Tel - O581-2510922 /925; BELGAUM : KARVY,FK-1, KHIMAJIBHAI COMPLEX,AMBEDKAR ROAD, OPP: CIVIL HOSPITAL,BELGAUM,Tel - 2402544 / 722 / 880/ 3095262; Kotak Sec ., Shri Laxmi Sankul Complex, T-01, 3rd Flr, Maruti Galli, P: 4203033; BHARUCH : KARVY,FF 47/48, ADITYA COMPLEX,OPP: KASAK FUWARA,BHARUCH,Tel - 225207, 225208,209; Kotak Sec ., 235-236, Harihar Complex, Zadeshwar Road.P:570569; BHATINADA : KARVY,2048, 1ST FLOOR,THE MALL ROAD,BHATINDA,Tel - 5006725 TO 727 ; BHILWARA : KARVY,27-28, 1ST FLOOR, HEERA-PANNA COMPLEX,PUR ROAD,BHILWARA,Tel - 246362 / 246364 / 512586; BHILAI : KARVY,NEW CIVIC CENTE SHOP NO 138,0,BHILAI,Tel - 2295329 / 37 / 32; BHOPAL : Bajaj , Shop No. 6, First Floor, Jyoti Cinema Complex, M.P. Nagar, Zone1, Bhopal – 462011, Ph: 0755-6459550; ICICI Sec ,Mr. VINIT KARMALEKAR,2, Malviya Nagar, BHOPAL - 462001; KARVY,KAY KAY BUSINESS CENTRE,133, ZONE 1, MP NAGAR,BHOPAL,Tel - 4092701 TO 704 ; Kotak Sec ., Third Floor, Alankar Palace, 10-11, MP Nagar, Zone 2.P: 5248133; Standard Chartered ,Attn : Amit Malviya,K.K. Plaza, Plot No. 1, Zone 2, Maharana Pratap Nagar, Bhopal - 462011. ,Tel - 9826321605; BHUBANESHWAR : Kotak Sec ., Plot No – 24, 2nd Flr., SCR, Nr Bazaar Kolkata, Bapuji Nagar, Janpath.P: 2597871; RR Equity, 3-4 Anand Plaza, Laxmi Sagar ,Square Cuttack Road, Bhubaneshwar Orissa 751009 9861196880, 9861196880; Standard Chartered ,Attn : Navjot Kaur,5, Janpath, Unit - 3, Kharavel Nagar, Bhubaneswar - 751001 ,Tel - 9861727932; BURDWAN : KARVY,BIRHATA (HALDER COMPLEX),63, G T ROAD,BURDWAN,Tel - 2550801; BHAVNAGAR : KARVY,301, 3RD FLOOR,SURABHI MALL,WAGHAWADI ROAD,BHAVNAGAR,Tel - 2567005, 06,3001004,05; RR Equity, 251 Madhav Darshan,Waghawadi Road Bhavnagar Gujarat 364001 0278-2522120, 9426235681; Sharekhan Ltd,Gangotri Plaza, 8A 3rd Floo NR APPL CANTS SEEK NG ALLOTMENT OF BONDS N PHYS CAL FORM SHALL SUBM T THE APPL CAT ONS ONLY AT MUMBA DELH AHMEDABAD HYDERABAD CHENNA BANGALORE CHAND GARH AND KOCH 2 INDIAN RAILWAY FINANCE CORPORATION LIMITED
- 3. INDIAN RAILWAY FINANCECORPORATION LIMITED : APPLICATION FORMS AVAILABLE AT FOLLOWING LOCATIONS LEAD MANAGERS TO THE ISSUE / CONSORTIUM MEMBER’S TO THE ISSUE 1057/1508,AVANASHI ROAD,COIMBATORE,Tel - 4291000 †” 30; Kotak Sec ., 1st Floor, Red rose chamber, 1437,Trichy road.P: 6699666; Sharekhan Ltd,Vignesvar Cresta,2nd Block 3rd Floor,1095-Avinashi Road,P N Palayam,Coimbatore,641037,Tel - 0422-2218252; CUTTACK : ICICI Sec ,Mr. RANJAN ROUT,1St Floor, Plot No. 37 & 38, Dolamundai,Post Office - Telenga Bazar,,CUTTACK - 753009; KARVY,ARUNODAYA MARKET,LINK ROAD,CUTTACK,Tel - 2335187,88; DEHRADUN : Bajaj , 15, Rohini Plaza, 11-E Rajpur Road, Dehradun – 248001, Ph: 0135-6452648,0135-6452649; ICICI Sec ,Mr. RAJAN RAWAT,81A, Rajpur Road,Uttam Place, Dehradun,,DEHRADUN - 248001; Kotak Sec ., 1st Floor, Swaraj Complex, 72, Rajpur Road, P: 2745870; RR Equity, 56, 1st Floor, Rajpur Road, Dehradun,Tel - 0135-3258181; SMC ,Mr. Shobhit,7,8,9&10 shiva palace, second floor, rajpur road Dehradun 248001 ,Tel - 9368572105; DHANBAD : Bajaj , Ozone Plaza, 1st Floor, Bank More, Dhanbad – 826001, Ph: 0326-2300576; ARVY,48/49, PATEL MARKET,NEAR GANDHI PARK, RAJPUR ROAD,DEHRADUN,Tel - 2713351 / 2714046 / 47; Kotak Sec ., 1St Floor, Commerce House - 2, Shastri Nagar, P:2308482; RR Equity, 218,Sri Ram Plaza 2nd,Floor Bank More,Dhanbad Jharkhand- 826000 9431721838, 9431159178; SMC ,Mr. Anup,1st Floor D D House Sonapatti p.o Jharia Jharkhand 828111 ,Tel - 9334001022; DURGAPUR : Eureka , Acharijee Market, Ground Floor, Benachitty, Tel – 3290491/2584650; KARVY,OLD DUTTA AUTOMOBILE BUILDING,1ST FLOOR, BENACHITY, MALANCHA ROAD,DURGAPUR,Tel - 2586375 to 77; RR Equity, Banerjee House- Dakshinayan Durgapur-713218 West Bengal 0343-2556908, 9434009475; ERODE : KARVY,NO.4, VEERAPAN TRADERS COMPLEX,KMY SALAI, SATHY ROAD,ERODE,Tel - 2225615; Sharekhan Ltd,Akhil Plaza, Block No.1, T.S.No.121, Perundurai Road, Opp to Padmam Restaurant, Erode - 638011,Tel - 0424 2241001 / 002/003; FARIDABAD : ICICI Sec ,Mr. SHUBHAM SRIVASTAVA,Ground Floor,SCO 52,HUDA Market, Sector-29.,FARIDABAD - 121008; KARVY,A- 2B, 1ST FLOOR,NEELAM BATA ROAD, NIT,FARIDABAD,Tel - 418000 / 105; RR Equity, Shop No. 55, 1st Floor, NIIT, Faridabad - 121001, Haryana 0129-02427361; SMC ,Mr. Kapil Uppal,4th Floor Crown Plaza, Main Mathura Road Sec 15 A, FARIDABAD Pin 121002 ,Tel - 9811890747, 9958896760; GANDHIDHAM : KARVY,OFFICE NO.12, KOMAL COMPLEX,2ND FLOOR, PLOT NO 305,NEAR SHIVAJI PARK, SECTOR 12- B,GANDHIDHAM,Tel - 228630; GHAZIABAD : Raj Nagar DC, Raj Nagar, Ghaziabad - 201002, Tel - 0120-2828090; GORAKHPUR : Bajaj , Ground Floor, A D Towers, Bank Road, Gorakhpur, Gorakhpur – 273001, Ph: 0551-6453025,0551-6453026; KARVY,ABOVE V.I.P. HOUSE,ADJACENT A.D. GIRLS COLLEGE, BANK ROAD,GORAKHPUR,Tel - 2346519 / 2333825 / 2333814; RR Equity, Gupta Metal Stores, Harbans Gali, Hindi Bazar Gorakhpur U.P 273005 0551-2205986, 9936590296; GUNTUR : KARVY,10/1,sai house,ARUNDELPET,GUNTUR,Tel - 2326686,85,84 2326687; GURGAON : SINGH,A-4,5, DLF Shopping Mall,Arjun Marg,DLF City-I,GURGAON - 122002; KARVY,SHOP NO.18, GROUND FLOOR,OPP: AKD TOWER, SECTOR 14,GURGAON,Tel - 4297206 / 4297202; Kotak Securities Ltd. ; O - 107 Arjun Shopping Mall ; Arjun Nagar ; DLF Phase1 ; RR Equity, 101,Apna Bazaar Gurgaon Haryana 122001 0124-5108108, 9212048108; Sharekhan Ltd,GF 10 JMD Regent Square,DLF Phase II,Near Chakarpur Opp Sahara Mall,Main Mehrauli Gurgaon Road,Gurgaon,122001,Tel - 0124 - 4104555 / 6 / 7; GUWAHATI : Bajaj , Room No.102, 1st Floor, Dunfur Apartment, R G Baruah Road, Guwahati – 781024, Ph: 9207045530, 312; ICICI Sec ,Mr. UTTAM KUMARSHAHU,3rd & 4th Floor, D.R.Braj Mohan Building, M73,G.S.Road,,GUWAHATI - 781005; KARVY,2ND FLOOR, RAM KUMAR PLAZA, CHATRIBARI ROAD,NEAR HIMATSHINGA PETROL PUMP,GUWAHATI,Tel - 2608102 / 2608122; Kotak Sec ., Akshay Tower , 4th Floor, Fancy Bazar, S.S. Road. P: 2732243;GWALIOR : KARVY,NEAR NADIGATE PUL, MLB ROAD,SHINDE KI CHAWANI,GWALIOR,Tel - 4069001 / 4069002 /4087774; HISSAR : KARVY,SCO 71, RED SQUARE MARKET,1ST FLOOR,HISSAR,Tel - 225845 / 225868 / 225836 /315761; SMC ,Mr. Ashish Goel,Mago Securities Ltd 104, SCFGram, 1st Floor Green Squar Market Hissar ,Tel - 9416023332; HUBLI : ICICI Sec ,Mr. PRASHANT S T,KVM PLAZA,1st Floor,Next to JTK Show Room,Club Road (Bellow VLCC),HUBLI - 580029; KARVY,GIRIRAJA HOUSE, NO.451/B,WARD NO.1, CLUB ROAD,HUBLI,Tel - 2353962, 2353974, 2353975; Kotak Sec ., V A Kalburgi Complex, Ground floor, Besides Vivekanand corner, Desai Cross, Deshpandenagar.P: 2357512; HYDERABAD : Bajaj , 3-6-522, 2nd & 3rd Floor, Archies Showroom, Himayath Nagar, Hyderabad – 500029, Ph: 040 - 44555555, 64631421, 22; Centrum ,Mr. R. Santosh Kumar,6-3-1111/311, Babukhan Mall,Somajiguda,Hyderabad – 500 016,Tel - 040-49101700/ 07702600014; Enam Sec, 6-3-650/217B & C, Maheshwari Chambers, 2nd Floor, Somajiguda, Tel – 39893626; EDELWEISS, 2nd Floor, MB Tower, Plot No. 5, Road No. 2, Banjara Hills, SURESHKUMAR ARLA,1St Floor,3-6-517,Shop No-103 Sai Datta Arcade,Himayatnagar, Main Road,HYDERABAD - 500029;ICICI Sec ,Mr. DEVENDRA KUMAR,Ground Floor, 101 & 102 Prashanthi Ram Towers,Behind Saradhi Studio,Yellareddy Guda.,HYDERABAD - 500073;ICICI Sec ,Mr. GBLAXMINARAYANA RAJU,Ground Floor, 11-4-659,Bhavya Farooqi Splendid Towers,Red Hills,Lakdikapool,HYDERABAD - 500004;ICICI Sec ,Mr. RAGHAVENDRAPRASAD PATNAM,First Floor,B- 44,Journalist Colony,Film Nagar Road, Jubilee Hills,HYDERABAD - 500016;ICICI Sec ,Mr. MAHESHWAR MN,First Floor, 6-3-111 Amrutha Mall Somajiguda,HYDERABAD - 500082;ICICI Sec ,Mr. BURA RAJKUMAR,First Floor,D.No.1-10-209,Kamala Towers, Ashoknagar,HYDERABAD - 500020;ICICI Sec ,Mr. SRINIVASARAO MUDDAPATI,32/3RT, First Floor,Municipal Murthy/Chandrasekhar, 9-10 Uma Chambers,3rd Floor, Banjara Hills, Ph:040- 39875900/6636 0009/10/12/46; JM Financial , Mr. Mallesh/Mr. Pravin Chary, 3rd Floor, 305 Jade Arcade, M G Road, Secundrabad 500 003.Tel : (040) 3982 5200; KARVY,BUILDING NO.160 (PART),OPP: MAYFAIR COMPLEX, RASOOLPURA, S P ROAD,SECUNDERABAD,Tel - 23433108 ,27883200;KARVY,KARVY CENTRE, GROUND FLOOR,AVENUE 4,STREET NO.1,BANJARA HILLS,Tel - 23388743, 66510313; Kotak Sec ., 9-1-777, 4th Flr, Beside ITC Bldg, S D Rd, P:65326394; Standard Chartered ,Attn : Raju Chinta,103/402, Mahavir House, Basheer Bagh Square, Hyderabad - 500029.,Tel - 9642656600;Standard Chartered ,Attn : Sanjeev Raidu,UG - 13, Mekins Maheshwari Mayank Plaza, 6-3-866 / 1 / A, Greenlands, Ameerpet, Hyderabad - 500016. ,Tel - 9849643003; SMC ,Mr. Ramesh Babu,206, 3rd floor Bhuvana Towers, S D Road SECUNDERABAD, 500003 ,Tel - 9246295575; Sharekhan Ltd,7-1-22/3/1-5/C,Afzia Towers,1st Floor,Begumpet,Hyderabad,500016,Tel - 040 - 66827469-70; INDORE : PANDEY,1St Floor,Anjani Plaza,Ashok Nagar,,INDORE - 452001;ICICI Sec ,Mr. ANAND PESHKAR,Ug-6, Ug-7, Shekhar Residency, Scheme - 54, Sector F,,INDORE - 452001;ICICI Sec ,Mr. ABHISHEK GUPTA,UG 5/6, Royal Road Gold, A.Y.N.Road,,INDORE - 452001; JM Financial , Mr. Manish Upadhyay, UG-7 & 8, Ground Floor, D M Tower, ,21/1, Race Course Road, Ph:0731- 3072111/4262111; KARVY,BALAJI COPORATE, 19/1, NEW PALASIA,,NEAR JANGEERWALA CHOWRAHA,,INDORE,Tel - 4081500 TO 4081524; Kotak Sec ., 314, Citi Centre, 570, M.G. Road.P:2537336; RR Equity, 206 Gold Arcade, 1/3 New Palasia, Indore M.P- 452001 9826062666; Standard Chartered ,Attn : Ved Prakash Dhimole,UG - 4,5 & 6, Royal Diamond, Y.N. Road, Indore - 452001.,Tel - 9826033348; SMC ,Mr. Harish Aggarwal,206,Gold Arcade 3/1 New Palasia , Indore, M P ,Tel - 9826062666; Sharekhan Ltd,102-104 Darshan Mall,15/2 Race Course Road,Indore,452001,Tel - 0731 - 4205520 - 24; JABALPUR : ICICI Sec ,Mr. SANJEEV SINGH,655, Napier Town, Katanga Gorakhpur Crossing,,JABALPUR - 462001; Kotak Sec ., Jain Tower, 3rd Floor, Ruseel Chowk,P: 4085850; RR Equity, Shop No. 5, Unique Tower, Shashtri Bridge Chowk, Jabalpur Madhya Pradesh 482002 9827066823, 9827066823; Sharekhan Ltd,2nd Floor, Mangalam Building, 103, Napier Town, Shastri Bridge Road, Jabalpur 482001,Tel - 0761-5007775; JAIPUR : Bajaj , G-3, Anukampa Tower, Church Road (M. I. Road), Jaipur – 302001, Ph: 0141-6503342, 43; Eureka , 213/214, Jaipur Towers, M I Road, Tel – 3918040/41; EDELWEISS , Green House 601 & 602; 6th Floor, Jaipur Tower, M.I. Road, Jaipur; ICICI Sec ,Mr. TARUNA RAMWANI,A-2, Lal Kothi Shopping Center, Tonk Road,JAIPUR - 302015;ICICI Sec ,Mr. PRATIBHA AGARWAL,Shop No. G-8,G-9 Vaishali Tower II,Vaishali Nagar, Nursery Circle,JAIPUR - 302021;ICICI Sec ,Mr. GOVIND CHOUDHARY,Gr.Floor, M I Road,JAIPUR - 302001;ICICI Sec ,Mr. DURGESH KANWAR,G-34,Ganpati Paradise, Central Spine, Vidhyadhar Nagar,JAIPUR - 302023; JM Financial , Mr. Navneet Sharma, G-7 & G-8,Brij Anukamba,Plot No.K-13, Ashoka Marg,C-Scheme, Ph:0141-3984400; KARVY,S-16/A, LAND MARK, OPP: JAI CLUB,MAHAVEER MARG, C - SCHEME,JAIPUR,Tel - 2378703 / 04/ 05/ 06 ; Kotak Sec ., 305-308, 3rd Floor, Green House, O-15,Ashok Marg, C-Scheme; KJMC, 41, JAI JAWAN COLONY II TONK ROAD, DURGAPURA ,JAIPUR 302016, Tel - 0141-2545735; RR Equity, 7,Katewa Bhawan, MI Road,Jaipur- 302001 0141-3235456; Standard Chartered ,Attn : Shweta Bhutani,8, Katewa Bhawan, 1st Floor, M.I. Road, Jaipur - 302001. ,Tel - 9828044491;Standard Chartered ,Attn : Vinay Singhal,8, Katewa Bhawan, 1st Floor, M.I. Road, Jaipur - 302001. ,Tel - 9783333369;Standard Chartered ,Attn : Naveen Sharma,8, Katewa Bhawan, 1st Floor, M.I. Road, Jaipur - 302001. ,Tel - 9799299894; SMC ,Mr. R K Bhandari,401, fourth Floor Shyam Anukampa , Ashok Marg C scheme Jaipur ,Tel - 9929644402; Sharekhan Ltd,Flat No 401/402, 4th Floor, Green House,Ashok Marg, C-scheme, Jaipur-302001,Tel - 0141-4078000;Sharekhan Ltd,7 Katewa Bhawan,Opp Ganpati Plaza,M. I. Road,Jaipur,302001,Tel - 0141-5114137; JAMNAGAR : ICICI Sec ,Mr. SATISH BHALARA,3Rd Floor, Cross Road Complex, Bedi Bunder Road,,JAMNAGAR - 361008; KARVY,G-12,MADHAV PLAZA,OPP-SBI BANK,NEAR LAL BUNGLOW,JAMNAGAR,Tel - 2556520 /2556260 / 2556420; Kotak Sec ., 701, 5th Floor, City Point, Station Road, P: 5540355; Sharekhan Ltd,4/5, Avantika Commercial Complex, 2nd Floor, Limda Lane Corner, Jamnagar - 361 001.,Tel - 0288 2541861; JALANDHAR : KARVY,LOWER GROUND FLOOR, OFFICE NO.3, PRIME TOWER,PLOT NO.28, G T ROAD,JALANDHAR,Tel - 4634401 TO 415; Kotak Sec ., 2nd Floor, 465, Lajpat Nagar Market; JAMSHEDPUR : Eureka , 1st Floor, RJS Building, Diagonal Road, Bistupur, Tel – 2428777; ICICI Sec ,Mr. DEEPAK RANJAN,Gayatri Enclave 2nd Floor (Rear Portoin) Bistupur.,JAMSHEDPUR - 831001; KARVY,3RD FLOOR, KANCHAN TOWERS,3 SB SHOP AREA, BISTUPUR MAIN ROAD,,JAMSHEDPUR,Tel - 2487020, 2487045, 2320048; Kotak Sec ., Bharat Business Centre, Ho No.2, 2nd Flr, Rm No. 8, Ram Mandir Area Bistupur,P:3090856; SMC ,Ms Shama Firdous,K2-L1 TIWARY BECHER COMPLEX,P.O. BISTUPUR ,JAMSHEDPUR 831001 ,Tel - 9934399678; Sharekhan Ltd,B1/2 , 2nd Floor Bhadani Trade Centre,Bistupur Jamshedpur-831001,Tel - 0657-2320903; JAMMU : KARVY,1ST FLOOR, 29 D/C,GANDHI NAGAR,JAMMU,Tel - 9205044665 / 668; JODHPUR : ICICI Sec ,Mr. PUJA RAY,Gul-Indi Bhawan, 1st Floor, Plot No. 9/A/B/I and III, Ratanada, Nr. Punjab National Bank, Ratanada Road,,JODHPUR - 342001; KARVY,203, MODI ARCADE,CHOPSKINI ROAD,JODHPUR,Tel - 5103026 / 5103046 /3251441; Kotak Sec ., 1st Floor, Gulab Bhawan, Chopasani Road,P: 5101956; RR Equity, 77, Prem Vihar, Chopasni Road Jodhpur Rajasthan 342003 9928388322; SMC ,Mr. Upendra Gandhi,201, Poonam Complex, III-C Road, Sardapura, Jodhpur, Rajasthan 342 003 ,Tel - 9314712688; Sharekhan Ltd,A-3 1st Floor,Olympic Tower,Station Road,Jodhpur,342001,Tel - 0291 - 2635600 / 6450835 / 836 ; KANPUR : Bajaj , 106, Ratan Esquire, 14/144, Chunni Ganj, Kanpur – 208001, Ph: (0512) 6451763 – 64; ICICI Sec ,Mr. SATYAJIT NAG,111/432, 80 Ft Road,Ashok Nagar,,KANPUR - 208001; KARVY,15/46, CIVIL LINES, NEAR MUIR MILLS,STOCK EXCHANGE ROAD,KANPUR,Tel - 2330127 / 2331445; Kotak Sec ., 312-315, 3rd Floor, 14/113, Kan Chambers, Civil Lines, P: 3018114; RR Equity, 26 L.G.F. Roland Tower 17/5 The Mall Kanpur Uttar Pradesh 208001 2079930, 9336219040; Standard Chartered ,Attn : Ashvini Kumar Sharma,15 / 59, “O” Civil Lines, Kanpur - 208001. ,Tel - 9044200777; SMC ,Mr Parikshit,15/240 - I, CIVIL LINES, KANPUR, 208001 ,Tel - 9936449444;SMC ,Mr. Neeraj Jain,SPFL House 15/63 Civil Lines ,Tel - 9336836894; KOCHI : Bajaj , Rubicon Building, S.A. Road, South Over Bridge, Valanjambalam, Kochi – 682016, Ph: 0484-6452566, 65; ICICI Sec ,Mr. VIPIN NAIR,1St Floor, Prabhus Towers, Mg Road, North End,,KOCHI - 682035;ICICI Sec ,Mr. SREEJITH MS,44/2102-C, Ernakulam, Cochin - 682016. ,Tel - 2372669 / 70 / 73 ; Sharekhan Ltd,Chicago Plaza, 1st Floor, Rajaji Road, Ernakulam, Kochi-682 035,Tel - 0484-2368411; KOLKATA : Bajaj , 5th Floor, Room No. 507, 7/1, Lord Sinha Road, Kolkata – 700071, Ph: 033 – 22820383; Centrum ,Mr. Rakesh Singh,Suite No. 307, 3rd Flr., Central Plaza, 2/6, Sarat Bose Road, Kolkata - 700 020,Tel - / 09830010132; Eureka , B, 3/5, Gillander House, 8, N.S.Road, Tel – 03339180300; Eureka , 9B, Wood Street, 1st Floor, Tel – 03339180380/81; Eureka , 7, Lyons Range, 2nd Floor; Enam Sec, S-205, Ideal Plaza, 11/1, Sarat Bose Road, Tel – 32426310/30588154; EDELWEISS, 2nd Floor, Savitri Tower, 3A, Upper Wood, Kolkata - 700 017 ; Tel. : 033- 40104635; ICICI Sec ,Mr. ARINDAM SAHA,30-G, Chowringee Mansion,J L Nehru Road,Park Street.,KOLKATA - 700016;ICICI Sec ,Mr. DEEP KUMAR,112A, Third floor, Rash Behari Avenue,KOLKATA - 700029;ICICI Sec ,Mr. AMULLYA BISWAS,Victoria Plaza,385, Garia Main Road,KOLKATA - 700084;ICICI Sec ,Mr. NITISH SHRIVASTAVA,339, Canal Street, Lake Town,,KOLKATA - 700048;ICICI Sec ,Mr. MADHURI GUPTA,95, Dumdum Road,,KOLKATA - 700074;ICICI Sec ,Mr. DEBPRIYO BOSE,P.S. Srijan Tech Park, Dn 52, Salt Lake City, Sector V,,KOLKATA ROAD,2ND FLOOR,DALHOUSIE,Tel - 22437863 to 69 / 90 / 89; Kotak Sec ., 7th Floor, Apeejay House, Block ‘C’, 15, Park Street,P:22273999; Kotak Sec ., Govind Bhavan, Ground Floor, 2, Biplabi Trilokya Maharaj Sarani(Brabourne Road),P: 2235 8105; RR Equity, 704,Krishna Bldg.,224,AJC Bose Road, Kolkata- 700017 033-22802963/22806878; Standard Chartered ,Attn : Ms. Preeti Karnawatt,Premises No 152 First Floor, S.P Mukherjee Road,Kolkata – 700 026.,Tel - 033 - 24634044-45 ;Standard Chartered ,Attn : Bimal Halder,Mangalam Bldg., 24 & 26, Gr Floor, Hemanta Basu Sarani, Dalhousie, Kolkata - 700001. ,Tel - 9230563772/9830063772;Standard Chartered ,Attn : Ravikant ,Mangalam Bldg., 24 & 26, Gr Floor, Hemanta Basu Sarani, Dalhousie, Kolkata - 700001. ,Tel - 9874658287;Standard Chartered ,Attn : Partha Pal,Shree Manjiri, 1st Floor, 8/1, Sir William Jones Sarani, Kolkata - 700071. ,Tel - 9830619223; SMC ,Mr. Vivek Niyogi,18,RABINDRA SARANI PODDER COURT GATE NO 4, 5th FLOOR KOLKATTA -700001 ,Tel - 9933664479; Sharekhan Ltd,Kankaria Estate,1st Floor, 6-Little Russell Street, Kolkata - 700 071.,Tel - 033 - 22830055; KOTA : KARVY,29, SHOPIING CENTRE,1ST FLOOR KOTA,KOTA,Tel - 2365144 / 2365145 / 2365146; Kotak Sec ., D-8 First Floor, Shri Ram Complex, Gumanpura; SMC ,Mr J K Jain,4-a-6 Talwandi Kota Rajasthan ,Tel - 9829116982; KOTTAYAM : Bajaj , Skyline Citadel Building, Ground Floor, Kanjijuzhy, K.K. Road, Kottayam – 686004, Ph: 0481-6452249/51;ICICI Sec ,Mr. NIRMAL JOHN,2nd floor,Ashirwad Towers,No.3,Block 54, Shastri Road,KOTTAYAM - 686001; KARVY,1st Floor, C S I Ascension Square,Railway Station Road,Collectorate,KOTTAYAM,Tel - 2302420 / 2302421; KOLHAPUR : Bajaj , Ground Floor, Damodar Enclave Apartment, 10th Lane, Rajaram-puri, Kolhapur – 416001, Ph: 0231 – 6450529; KARVY,OMKAR PLAZA 1 ST FLOOR,UNIT F - 2 & F - 4,RAJARAM RTOAD , BAGAL CHOWK,,KOLHAPUR,Tel - 2520650 / 2520655; Sharekhan Ltd,Office No 5, 3rd Floor, Ayodhya Tower, C S Number 511/KH, 1/2 E Ward, Dhabolkar Corner, Kolhapur,416001,Tel - 0231 - 6687063 - 69 / 76; LUCKNOW : Bajaj , 5, Commerce House, Habibullah Compound, 11, M.G. Marg, Hazratganj, Lucknow – 226001, Ph: 0522 – 6565568; ICICI Sec ,Mr. DEBMALYA MUKHERJEE,Ground Floor, Landmark Arcade2,Badshah Nagar Crossing,Faizabad Road,LUCKNOW - 226006;ICICI Sec ,Mr. BINIT AGARWALA,Raj Palace, A1/15,Sector H, Purania Chauraha,Aliganj,LUCKNOW - 226024;ICICI Sec ,Mr. IMRAN KHAN,S/268, E Block Market,Awasthi Complex,Rajajipuram,LUCKNOW - 226017;ICICI Sec ,Mr. NITESH TIWARI,First And Second Floor, Speed Building, 3, Shahnajaf Road,LUCKNOW - 226001; KARVY,94, MAHATMA GANDHI MARG,OPP: GOVERNOR HOUSE, HAZRATGANJ,LUCKNOW,Tel - 2236819-28, 3817001 ;KARVY,B-1/2, VIJAY KHAND,,NEAR UNION BANKOF INDIA GOMTI NAGAR,LUCKNOW,Tel - 4104270 - 79;KARVY,24, “USHA SADAN”,PREM NAGAR, ASHOK MARG,LUCKNOW,Tel - 4104300 - 309; Kotak Sec ., 1-2 Ground floor, Commerce House, Habibullah Estate,11 M.G. Marg.P:3950119; Kotak Sec ., A-1 ; Ashish Palace,Sector E,Aliganj, P: 3232285; RR Equity, G-32,Shriram Tower,13- A,Ashok Marg, Lucknow- 226001 0522- 4057612; SMC ,Mr. Anoop,Radha Krishna Bhawan, Plot No. 3/A, 5 Park Road, Lucknow ,Tel - 9839826932; Sharekhan Ltd,1st Floor Marie Gold, 4 Shahnajaf Road,Hazratganj,Lucknow (UP),226 001,Tel - 0522 - 4010342;Sharekhan Ltd,2/159, Vivek Khand, Gomti Nagar, Lucknow-226010,Tel - 0522-4101693; LUDHIANA : Bajaj , M-3, ABC Services, SCO-137, Feroze Gandhi Market, Ludhiana-1, Ph: (0161) 2412287; ICICI Sec ,Mr. GURPREET MANGAT,Sayal Complex, Gill Road,,LUDHIANA - 141001; KARVY,SCO 136, 1ST FLOOR,FEROZE GANDHI MARKET,LUDHIANA,Tel - 44680050 / 4680062-63 ; Kotak Sec ., SCO-122, 2nd Floor, Firoz Gandhi Market,P: 5047214; MADURAI : - 625020; KARVY,274, GOODS SHED STREET,~,MADURAI,Tel - 2350852; Kotak Sec ., Shop A First Floor, KRV Arcade, AR PLAZA 16 & 17, North velli Street.P: 2341225; MANGALORE : Bajaj , Essel Towers, BS 4, Bunts Hostel Circle, Mangalore – 575003, Ph: 0824-6451218, 17; Kotak Sec ., No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, P: 424180; KARVY,MAHENDRA ARCADE, NO.4-6-577/21/ 22,KODIABAIL,MANGALORE,Tel - 2492302, 2496332, 2492901; Kotak Sec ., No.4, 3rd Floor, The Trade Centre, Jyoti Centre, Bunts Hostel Road, P: 424180; RR Equity, F 2 1st Floor Adithi Arcade Karangalpay mangalore 575003 Karnataka 9845288557; Sharekhan Ltd,T-1 3rd Floor,Utility Royal Tower,K S Rao Road,Mangalore,575001,Tel - 0824 - 2441318 MEERUT : Bajaj , G-43, Ganga Plaza, Meerut cantt. - 250001, Ph: 0121 - 6451510, 6451511; ICICI Sec ,Mr. VINEET CHOUDHARY,P P Plaza Plot No. 177/1, Mangal Pandey Nagar,MEERUT - 250005; KARVY,1ST FLOOR, MEDI CENTRE,OPP EVES CENTRE HAPUR ROAD NEAR BACHHA PARK,MEERUT,Tel - 4033727 / 3271640; SMC ,Mr. Sanjay Pahuja,KAVERI COMPLEX, P.L. SHARMA ROAD MEERUT ,Tel - 9837101412;SMC ,Mr. Abhishek Bhardwaj,C/O KSB CAPITAL SERVICES LTD SHOP NO-1,FIRST FLOOR,HARI LAXMI ROAD,P K ROAD,CROSSING MEERUT ,Tel - 9837024084; MUMBAI : Bajaj , Agra Bldg, Gr. Floor, 7/9 Oak Lane, Fort, Mumbai – 400023, Ph: 022 – 66376999; Centrum ,Mr. Rajesh Thadhani,Centrum House, 4th level, CST Road, Vidya Nagari Marg, Kalina, Santacruz (E), Mumbai - 400098,Tel - 022-42159465/ 9821501179; Eureka , Raheja Chambers, R. NO. 909, 9th Floor, 213, Nariman Point, Tel – 32583020; Enam Sec, Khatau Building, 2nd Floor, 44 Bank Street, Off Shahid Bhagatsing Road, Fort, Tel – 22677901; Enam Sec, 201-A, Laxmi Towers, Bandra Kurla Complex, Bandra – E, Tel – 66803600; Enam Sec, Hari Chamber, Ground Floor, 58/64, Shahid Bhagat Singh Road, Fort, Tel – 22677901; EDELWEISS ,104, 1st / 67494586; Hem Sec,14/15, Khatau , Tel - Building, 1st Floor, 40 Bank Street, Fort,Mumbai-400023; ICICI Sec ,Mr. KSHITIJ SHARMA,Shop No 4,5,6,7Roop Maya Co-Op Hsg.Soc., Sector 6, Airoli,NAVI MUMBAI - 400708;ICICI Sec ,Mr. ANUP KUMAR,Shop No.6,7 & 8,Ground Flr.Vaishnavi Tower,Sector-44,Nerul (W).,NAVI MUMBAI - 400706;ICICI Sec ,Mr. VIKAS SHARMA,Apsara Building,Shop No. 4, Sector - 17,Vashi.,NAVI MUMBAI - 400702;ICICI Sec ,Mr. ARVIND JHA,Gr. Floor,Tulsi Pooja Shopping Center,New Panvel (E).,NAVI MUMBAI - 410206;ICICI Sec ,Mr. SANJAY RANKA,Shop No. 1, Bhomi Tower,Sec - 4, Plot No. 28,Kharghar,,NAVI MUMBAI - 410210; ICICI Sec , Gr. Floor, H.T Parekh Marg, Back Bay Reclamation,Churchgate,,MUMBAI - 400020; ICICI Sec , SHREE SAWAN KNOWLEDGE PARK, GR. FLOOR, PLOT NO. D-507, T.T.C Vileparle (East), Ph:022-2613 5202-03/67077440-43; JM Financial ,Ms.Riddhi Trivedi, Palm Court, M- Wing, 4th Floor, Goregaon Link Road,Malad (West), Ph:022-30877000/67617000-Ext.382; JM Financial ,Mr.Nilesh Gavle, Ground Floor, Anushka, New Link Rd,Andheri (West), Ph:022- 66191600/612; JM Financial ,Mr R Mukundan/Ms Armin Irani, 2,3,4 Kamanwala Chambers,P M Road, Fort, Ph:022-3021 3500/2266 5577 – 80; JM Financial , Ms Jyotsna Solanki/Mr C V George, Shop No 6, Dattani Trade Center,Chandra Varkar Road, Borivali (West), Ph:022- 3021 5400/6695 9120 – 23; JM Financial , Ms Charulata Mehta/Mr. Tilak Sanil, 424/425 Kalidas Plaza, V B Lane,Ghatkopar (East), Ph:022-3097 8700/6710 4738; KARVY,207,JEEVAN UDYOG BUILDING, 2nd FLOOR,ABOVE KHADI BHANDHAR ,D N ROAD, FORT,MUMBAI,Tel - 22062077, 2087, 2051, 2023;KARVY,7, ANDHERI INDUSTRIAL ESTATE,OFF: VEERA DESAI ROAD,ANDHERI (WEST),Tel - 26730799 / 843 / 311 ; Kotak Sec ., 32, Gr Flr., Raja Bahadur Compound, P:22655074; Kotak Sec ., 6th Floor, Kotak Towers, Building No. 21, Infinity Park, Off Western Express Highway, Goregaon Mulund Link, Road, Malad (E),P: 6605 6825; Kotak Sec ., Nirlon House, 3rd Floor, Dr Anie Besant Road, Worli,P:66529191; KJMC, 168, ATLANTA 16TH FLOOR,NARIMAN POINT,MUMBAI 400 021, Tel - 022-40945500; LKP, Bank of Maharashtra, 45/47, Bombay Samachar Marg, Fort, Mumbai:400001,Tel – 22663963; RR Equity, 18 First Floor,105 bombay Samachar Marg.,Fort, Mumbai- 400023 022-40544201/224; RR Equity, 133A, Mittal Tower, A Wing, 13th Floor, Nariman Point, Mumbai- 400021 9324804084; SUSHIL FINANCIALS ,12, HOMJI STREET,FORT,MUMBAI – 400 001; Standard Chartered ,Attn : Sandeep Chavan,Ground Floor, Anand Commercial Centre, S.V. Road, Santacruz (West), Mumbai - 400054. ,Tel - 9867439536;Standard Chartered ,Attn : Balu Salve,6, Sanghrajka House, 1st floor, 431, Dr. D.B. Marg, Opera House, Mumbai – 400 004 ,Tel - 9323207578;Standard Chartered ,Attn : Rahul Jha ,6, Sanghrajka House, 1st floor, 431, Dr. D.B. Marg, Opera House, Mumbai – 400 004 ,Tel - 9930929935;Standard Chartered ,Attn : Deepak Singh,Sai Plaza, Ground Floor, Jawahar Road, Ghatkopar (East), Mumbai - 400077. ,Tel - 9920371720;Standard Chartered ,Attn : Mr. Rahul Kamble,Work Station - 1016, Standard Chartered Tower, 201-B/1,1st Floor, Western Express Highway,Goregaon (East), Mumbai – 400063,Tel - 9869082673;Standard Chartered ,Attn : Jalaj Pandya,Shop No. INDIAN RAILWAY FINANCE CORPORATION LIMITED : COLLECTION CENTRES FOR APPLICATION FORM AXIS BANK LIMITED Ahmedabad: Trishul-Opposite Samartheshwar Temple, Law Garden, Ellis Bridge, Ahmedabad-380006, Gujarat 079-66306102, 9825041432, Allahabad: 28 B, Civil Station, M.G. Marg, Civil Lines, Allahabad-211001, Uttar Pradesh 0532-2427645/46/47, 9889052700, Anand: Satyam Chambers, Amul Dairy, Road, Anand-388001, Gujarat 0269-250975/475, 0269-250975/475/02692-666000/212 , Bangalore: No. 9, M.G. Road, Block A, Bangalore-560001, Karnataka, 080-25370615 / 616, 9880490023/642, Bardoli: Manchhaba, Sankskruti Bhavan, Sardar Baug, Bardoli-394601, Gujarat-02622-227828/22/929, 8980804702, Bharuch: Shri Sad Vidya Mandal Institute of Technology, old N.H No.8, Bharuch-392002, Gujarat 02642-225221/48219, 9824437244, Bhavnagar: Plot No. 4/B, Vasundhara Complex, opp. Dakshinamurthy School,Waghawadi Road, Bhavnagar-364002, Gujarat 0278-2573702/ 03, 9979208920, Bhilwara: Ganpati Enclave,Heera Panna Campus, op.Nahar Brothers, Petrol Pump, Pur Road, Bhilwara-311001, Rajasthan 01482-247861/2/3/4/5, 01482-247861/2/3/4/5, Bikaner: Shree Gaurav Complex, Daga Maidan, Nr Dak Bunglow & Rly Stn, Rani Bazar Rd, Bikaner-334001, Rajasthan 0151-2202132/33/35, 8094449555, Chandigarh: SCO 343-344,Sector 35- B,Chandigarh-160022, Chandigarh 0172-4601401/02/03, 9872252632, Chennai: 149 1C/1D, Mount Poonamalle Road, Ramapuram, Chennai-600089, Tamil Nadu 044-28306800 7845845758, Goa : Heritage, Ground Floor, Swatantra Path, Opposite Sapna Terraces, Vasco-Da-Gama 403 802, Marmagoa, Goa, 0265-2311613/2311323, Gujarat : Vardhaman Complex, Opp GB Circle, Near Pizza Hut , Race Course Circle (South), Vadodara 390 015, 0265-2311613/2311323, Gujarat : Amit Clinic, Opp. BaiAvabai High School, Halar Road, Valsad 396 001,Gujarat, 02632-253110/253119, Guwahati: Chibber House, G S Road, Dispur, Guwahati-781005, Assam 0361-2340522/2340561, 9706095745, Gwalior: Kanwal Complex, Shrmant Madhav Raoscindia Marg, Gwalior-474002, Madhya Pradesh 0751-2233770,80,90, 8878801582/0751-4097724, Hissar: SCO No. 177, Commercial Urbal Estate No. 1 Hissar, Hissar-125001, Haryana 01662-227442/5/8/56, 8053112602/ 03, Hyderabad: 6-3-879/B First Floor, G Pulla Reddy Blgreenlands, Begumpet Road, Hyderabad-500016, Andhra Pradesh 040-23400732/731, 9704055589, Jaipur: 0141-4061111, 9314468394, Jalandhar: SCO 30-31, Guru Ram Dassdivine Tower, Opposite Mini, Jalandhar-144001, Punjab 0181-4633970/71/73, 9216024567, 0181- 4356003, Jamnagar: Jaidev Arcade,Grnd Flr, Park Cly Main, Main Rd, Nr Joggers Park, Jamnagar-361008, Gujarat 0288-2665219, 966227728 5, Jodhpur: Prince Tower,Plot No 654,Near Jaljog Chowraha,Residency Road, Jodhpur-342003, Rajasthan 0291-2647622/44, 9413792287, Katni: Ground Floor, Nagpur Golden Building, Opp : Old Collector, Atekatni-483501, Madhya Pradesh (07622) 409900/1/2, 8878803172, Kolkata: 7, Shakespeare Sarani,Kolkata-700071, West Bengal 033-2822933/496, 9830463389 Kota: 414, Shopping Center, Kota District, Kota-324007, Rajasthan 0744-2365511/13/14, 9772219009, Ludhiana: Shop No. 3, LGF, Surya Towers,108 The Mall, Ludhiana-141001, Punjab 0161-4684680, 4684603-0161-4684619, Meerut: Hotel Crystal Palace, G- 2/47 Civillines, Boundary Road, Meerut Dist., Meerut-250001, Uttar Pradesh 0121-4012300/313/301, 9536901772, Mumbai: Universal Insurance Building,Ground Floor, Sir P M Road, Fort, Mumbai-400001, Maharashtra 022-66101031/1088, 022-66107265, Nagpur: M. G. House, Rabindranath Tagore Road, Besides Board Office,Civil Lines, Nagpur-440001, Maharashtra 0712-6621800/6621801, 9326034437, New Delhi: Statesman House,148, Barakhamba Road, New Delhi-110001 011-23311047/051, 9999113382 Panipat: Gaylord Hotel Building, Near HDFC 0180-4015001/02/03, 9896331623, Panjim: 0832-6640808/03/05, 0832-6640828 Patiala: 4464/5, Rajwara Road, The Mall Road, Patiala-147001, Punjab 0175-2205977/9/956, 9872259484, Pune: Sterling Plaza 1262/B, J M Road, Deccan Gymkhana, Pune-411004, Maharashtra 020-66295000, 8888899098 Raipur: Opp New Bus Stand, Jeevan Bima Marg, Pandri, Raipur-492004, Chattisgarh 0771-2445501/502/504, 9630671672, Rajkot: “Titan”, Near K K V Circle, Kalawad Road, Rajkotrajkot-360005, Gujarat 0281-6695999/901/2, 9712982277, 9428344149 Ranchi: Shambhu Complex,H B Road, Near Firayalal Chowk, Ranchi-834001, Jharkhand 0651-2301039, 9934535910, Shimla: GF/FF Durga Cottage, SDA Commercial Complex, Kasumpti, Shimla-171009, Himachal Pradesh 0177-2622352/076, 9418506354, Surat: Digvijay Towers, Opp. St Xaviers School, Ghod Dod Road, Surat-395001, Gujarat 0261-4082300/399/366, 9913761634, Thiruvananthapuram / Trivendrum: TC2/2421, Condor Building, Pattom PO, Thiruvananthapuram-695004, Kerala 0471-4400500/711, 0471-4400721/720 Udaipur: 222/21, Saheli Marg, Near UIT Circle, Udaipur-313004, Rajasthan 0294-2424431/2/3/4/5, 9414321186, Ujjain: Hotel Ashray, Ground Floor, 77, Dewas Road, Ujjainujjain-456010 Madhya Pradesh 0734-4295700/1-10, 8878803292, Varanasi: Tulsi Complex C-19/134, M-B,Gr & 1st Flr, Shastri Nagar, Sigra,Varanasi-221002, Uttar Pradesh 0542- 2227395/7/8, 9457846687, Visakhapatnam: Padmasree Arcade, NH-5, Chinagantyada Main Road, Visakhapatnam-530026, Andhra Pradesh 0891-2766421/2745036, 09985447665. HDFC BANK LTD. Agra: First Floor, Pariney Garden, Bhagfarjana, Civil Lines, Agra-282002, Ahmedabad: Astral Tower, Near Mithakhali Six Raod, Navrnagpura, Ahmedabad-380 009, Ahmednagar: Ambar Plaza, “ A” Wing, Second Floor, Station Road, Ahmednagar-41400 Amritsar: 26 Kennedy Avenue First Floor, Amritsar-143001 Asansol: P.C Chatterjee Market, Rambandhu Talaw, Asansol-713303, Bangalore: Cash Management Services, “Salco Centre”, # 8/24, Richmond Road, Bangalore-560025, Bardoli: Shree Ambika Niketan, Station Road, Sardar Baug, Bardoli, Bardoli-394601, Bareilly: Wbo, 1st Floor, 154, Krishna Place, Civil Lines, Bareilly - 243 001 Uttar Pradesh, Baroda: 1st Floor, Fortune Tower,Vadodara Stock Exchange Building, Opp. Parsi Agiyari,Sayajigunj, Baroda-390005, Belgaum: No 4830/2a Opp District Hospital, Dr Ambedkar Road, Belgaum-590 002, Belgaum-590002, Bhatinda: 83/1 Liberty Chowk, Civil Lines, Bhatinda, Bhatinda-151001, Bhavnagar: 1st Floor, Sterling Point, Waghawadi Road, Bhavnagar-364001, Bhilai: Chauhan Estate, G.E. Road, Supela, BhIlai-490023, Bhubaneshwar: C111, Business Park, 1st Floor, Sahid Nagar, Bhubaneswar-751007, Bokaro: B-9, City Centre, Sector-4, Bokaro Steel City, Bokaro-827001, Burdwan: 45 Gt Road/Burdwan-713101, Burdwan-713101, Calcutta: Abhilasha - Ii, 6 Royd Street (2nd Floor), Kolkata-700016, Calicut: Iii Floor, Simax Towers, Kannur Road, Nadakkave, Calicut ,Calicut-673011, Chennai:-No. 115, Dr. Radhakrishnan Salai, 2nd Floor, Opp. To Csi Kalyani Hospital, Mylapore, Chennai-600004, Cochin: First Floor, Palarivattom 25,Cochin-682025, Coimbatore: Wbo ,1552,B7, First Floor, Classic Towers , Trichy Road, Coimbatore-641018, Cuttack: Holding No 32, 32/A Bajrakabati Road, Cuttack, Orissa - 753 00, Cuttack-753001, Dehradun: Wbo Deptt, 56, Rajpur Road, Dehradun-248001, Delhi: Fig-Ops 1st Floor, Kailash Bldg, Newdelhi-110001, Dhanbad: Sri Ram Plaza, 1st Floor, Bank More Dhanbad, Jharkhand-826001, Erode:-No.680,Lotus Enclave,Brough Road,Erode,Erode-638001, Gandhidham:-Plot No.1, Sector-8, Rabindranath Tagore Road,,Gandhidham- 370201, Gorakhpur: Wholesale Banking Operations,Shreenath Complex, 10, Park Road, Civil Lines, ,Gorakhpur-273001, Gwalior: J K Plaza, Gast Ka Tazia, Lashkar ,Gwalior-474001, Hissar:-3 & 4 Mc Area Red Square Market Railway Road Hisar,Hisar-125000, Hyderabad: Wbo 1-10-60/3, Iii Floor, Suryodaya,Begumpet,Hyderabad-500016, Indore: 1st Floor, Brilliant Avenue, Sch No. 94, SecTor -B, Behind Bombay Hospital, Ring Road,Indore-452010 Jabalpur: 1st Floor, Kumbhare Mension, 636, Vijay Nagar, Mr- 4, Main Road , Sbi Chowk, Jabalpur (Mp) - 482002, Jabalpur M.P.-482002 Jaipur: Hdfc Bank House, 2nd Floor, O-10,Ashok Marg,C-Scheme,Jaipur,Jaipur-302001, Jammu:-Cb-13, Rail Head Commercial Complex, Gandhi Nagar,Jammu-180004 Jodhpur: Ist Floor, 15, Keshav Comlex, Nimbera House, Paota, Mandore Road, Jodhpur - 342010.,Jodhpur-342010, Kanpur: 15/46, 1st Floor, Civil Lines, Kanpur-208001, Kottayam: 3rd Floor Unity Buildings , Kk Road,Kottayam-686002 Ludhiana: Sco-54, Phase -2 Urban Estate Dugri,Ludhiana-141001, Mangalore:-Ideal Towers 1st Floor , Opp Sharavu Ganapathi Temple , G T Road Mangalore -1,Mangalore-575001 Mehsana: Prabhu Complex “ Nr Rajkamal Petrol Pump, Highway Road,Mehsana 384002.,Mehsana- 384002, Moradabad:-Hdfc Bank Ltd, First Floor, Chaddha Complex, Gmd Road,Moradabad-244001 Mumbai: Ground Floor, Maneckji Wadia Building,Nanik Motwani Marg,Near Kala Ghoda,Opp Mumbai University, Fort, Mumbai- 400 001,Mumbai-400001, Muzaffarnagar:-First Floor, 53/4 Janshat Road,New Mandi,Muzaffarnagar-251001, Nadiad: Shootout Building, College Road, Nadiad 387001,Nadiad-387001 Nasik:-Hdfc Bank Ltd,3rd Floor , Archit Centre , Opp Sandeep Hotel, Chandak Circle Link Road , Near Mahamarg Bus Stand , Nasik 422 002,Nasik-422002, Navsari: Gr Flr , Nandani Complex , Station Road ,Navsari-396445, Nellore: 17/126, G.V.R. Enclave, G.T. Road, Nellore - 524001,Nellore-524001, Panjim:-301, Milroc Lar Menezes, Swami VivEkanand Road,Panjim-403001, Patna:-Plot No 651 Jamal Rd Patna- ,Patna-800002, Porbandar:- Om Shiv Shakti R.D.Chambers, M.G. Road, Porbandar - 360 575,Porbandar-360575, Pune: Fortune Square 3 Rd Floor, Deep Bungalow Chowk, Model Colony, Shivajinagar,,Pune-411016, Rajahmundry:-46-17-20, 1stfloor, Danavaipet, Rajahmundry,Rajahmundry-533103, Rajkot: Shivalik - V , 3rd Floor, Gondal Road, Rajkot,Rajkot-360002, Rourkela: Dewadi Bhavan,Rourkela-769001, Shillong: Anders Mansion, Police Bazar,Shillong,Shillong-793001, Shimoga:-Hdfc Bank Ltd, W B O, No 447 ,Sharavathi Complex, Savarlane Road, Shimoga,Shimoga-577201, Siliguri: 136/115 Hill Cart Road,Siliguri-734401, Solapur: 8516/11 Murarji Peth,Sun Plaza Bldg, Lucky Chowk, Solapur-413007, Surendranagar: Middle Point, A Wing, Nr : Milan Cenama, Main Road, Surendranagar.,Surendranagar.-363002, Tirupati: 19-8-180,Krishna Arcade, Beside Ibp Petrol Pump, Near Annamaiah Circle,Tirupati-517501, Tirupur: No-169,Chidambaram Complex,Kumaran Road,Tirupur - 641601,Tirupur-641601, TRichur: Third Floor, Suharsha Towers,Shornur Road,,Trichur-680001, Unjha: 1st Floor, Suvidhi Complex, Station Road, Unjha-384170, Valsad: 1st Floor, Ekta Apt, Tithal Road, Valsad.,Valsad-396001, Vijayawada: 40-1-48/2, 2nd Floor,Valluri Complex, M G Road,Vijayawada-520010, Vishakapatnam: First Floor, Potluri Castle, # 48-14-9, Dwarakanagar, Visakhapatnam-530016 IDBI BANK LTD. Ahmedabad: IDBI Complex , Lal Bungalows Off, CG Road, Ahmedabad Pin : 380006, Gujarat (079)-66072623, Ambala: 169/2, Rai Market,Ambala Cantt.,Ambala Pin : 133001,Haryana (0171)-2631819/20, Aurangabad: Plot No. 07, Raghbir Chambers,Vidya Nagar,Jalna Road,Aurangabad Pin : 431003,Maharashtra (0240)-5622997/5672038, Bangalore: 102, Shakthi Comfort Towers, K.H.Road, Pin : 560027,Karnataka 91 (80) 67121000, Bhavnagar: G-10, Ground Floor,Radhe Shyam Complex,Waghawadi Road, Bhavnagar Pin : 364001,Gujarat (278) 2524270/73, Bhopal: Hall A Centre Point,M.P.Housing Board Building,T T Nagar,Bhopal Pin : 462003,Madhya Pradesh (0755)-6463006/023, Bhubaneswar: IDBI House, Janpath,Ground Floor,Janpath,Unit -IX,Bhubaneshwar Pin : 751022,Orissa (0674)- 2541655/695, Chandigarh: SCO 72-73,Sector 17 - B,Chandigarh Pin : 160017,Chandigarh (0172)-5059704, Chennai: PM Towers, 37, Greams Road ,Chennai Pin : 600006 , Tamil Nadu (044)-24301731, Dehradun: 59/4, International Trade Centre, Rajpur Road,Dehradun Pin : 248001, Uttaranchal (0135)-744477, Dhanbad: Skylark Complex,Bank More,Dhanbad Pin : 826001,Bihar 03262300761/762 Durgapur: Ruma Sweets Building,Nachan Road,Benchity,Durgapur Pin : 713213 (034)-32588297, Guwahati: Satyen Niwas, Opp. Sukleshwar Mandir, M.G. Road, Pan Bazar,Guwahati Pin : 781001, Assam (0361)-2730375/76/77, Hyderabad: Mahavir House,Basheerbagh Square,Hyderabad Pin : 500029,Andhra Pradesh +91 (40) 66746000/41, Indore: Alankar Chambers,Ratlam Kothi, AB Road,Indore Pin : 452001, Madhya Pradesh (0731) 2519001, Jaipur: D-24 Durlabh Niwas,Prithviraj Road, C Scheme, Jaipur Pin : 302001 (0141)-5113456, Jodhpur : Dhanalaxmi Towers, 1st Chopsani Road, Jodhpur, Pin : 342003, (0291)-5153508-11, Kanpur: Jeevan Vikas,MG Road,Near Statue Junction,Kanpur Pin : 208001,Uttar Pradesh (0512)-2305437, Kochi: Panampilly Nagar,Post Bag Num 4253,Kochi Pin : 682036, Kerala (0484)-2322060, Kolhapur: Ground floor,Royal Heritage Building,Opp to Basant Bahar Theater,Assembly Road,Kolhapur Pin : 416002 , 0231-2680681/2/3, Kolkata: 44, Shakespeare Sarani,PB No 16102,Kolkata Pin : 700017,West Bengal (033)66338866, Lucknow: UPCB Bldg.,2 MG Road, Lucknow, Pin:226001 (0522)-2619915, Mumbai- Nariman Point: 224-A Mittal Court, A-Wing,2nd Floor,CMS Dept.,Nariman Point,Mumbai-400021 +91 (22) 66588111, Mysore: Anand Archade, MIG- 11,V.M. Double Road,Saraswathipuram, Kuvempunagar, Mysore Pin : 570009, Karnataka 0821-2545424, Nagpur: 3rd Floor, Gupta Tower, Temple Road,Civil Lines Opp. Science, Nagpur Pin : 440001, Maharashtra (0712)-6656412/415, Nashik: A-1& 2 “Prathamesh”,Thatte Nagar,Gangapur Road,Nashik Pin : 422005, Maharashtra (0253)- 2317001/5627001, New Delhi : Indian Red Cross Society Bldg,1, Red Cross Road, Post Box Num 231, New Delhi Pin : 110001,Delhi (UT - NCT) (011)-23461900, Panaji: Alcon Chambers, Dayanand Bandodkar Marg, Panaji Pin : 403001, Goa (0832)-2224597/2426525, Patna: Kashi Palace Complex,Dak Bungalow Road,Opposite Heera Palace ,Patna Pin : 800001, Bihar (0612)-6510293, Pune: IDBI House,Dynaneshwar Paduka Chowk,Fergusson College Road, Pune Pin : 411004,Maharashtra (020)- 66004108/2, Raipur: Singhania House,Civil lines,Opp Museum,Raipur Pin : 492001 ,Chhattisgarh (0771)-4044972, Rajkot: Near Kathiyawad Gymkhana, Dr.Radha Krishna Road, Rajkot Pin : 360001,Gujarat 02832-290090, Surat: ESS EN House,Ghod Dod Road, Surat Pin : 395001,Gujarat (0261)-6540385, Trivandrum: Ground Floor, Samrudhi Magnet Building,Opposite Women’s College,Near Hotel Taj Residency, Vazhuthacaud,Thiruvananthapuram Pin : 695014,Kerala (0471)- 3018236/38/39, Vadodara: 46/A, Garg Plaza,Gautamnagar,Race Course Road,Besides Geb Building, Baroda Pin : 390007,Gujarat (0265)-6455070/71/72. ICICI BANK LTD. Ahmedabad - ICICI Bank Ltd. JMC House, Opp. Parimal Gardens,Opp Parimal Garden, Ambawadi, Ahmedabad 380 006; Amritsar - ICICI Bank Ltd, 361, M.C International The Mall, Amritsar - 143001, Punjab Bangalore - ICICI Bank Towers, 1, Commissariat Road, Ground Floor, 560025; Bharuch - ICICI Bank Ltd, Blue Chip Complex, Sevashram Road, Panchbatti, Bharuch – 392001; Bhavnagar- Ground Floor, Plot No. 2569,Ratnadeep, Opp. Central Salt Research Institute,Waghawadi Road, Bhavnagar-364002; Bhopal - Bhubaneshwar - ICICI Bank Ltd., OCCF Building, Opp Sriya Talkies, Unit - III, 751001;Chandigarh -SCO 9-10-11, SECTOR 9-D. CHANDIGARH – 160017; Chennai - ICICI Bank Ltd, 110, Prakash Presidium, Uthamar Gandhi Salai, (Nungambakkam High Road), 600034; Ernakulam (Cochin) - Coimbatore - Cheran Plaza, 1619, Trichy Road, Coimbatore- 641018; Faridabad - Ghaziabad Guntur - ICICI Bank Ltd., 5-82-2, PMG Complex, Lakshmipuram Main Road, Guntur - 522002 (Andra Pradesh); Gurgaon - ICICI Bank Ltd, SCO 18 & 19, HUDA Shopping Centre, Sector-14, Market Complex, Gurgaon – 122001; Guwahati - Ground Floor, Shanti Complex, G S Road, Bhangagarh, Guwahati – 781005; Hissar - ICICI Bank Ltd, Plot No 57-60, Kamla Palace Road, Red Square Market, Hissar, Haryana – 125001;Hubli - Eureka Junction, Travellers Bungalow Road, Hubli – 580029; Hyderabad - ICICI Bank Ltd., 6-2-1012, TGV Mansions, Opp. Institution of Engineers, Khairatabad, 500004, door no 74 & 75 Vinayak nagar Gachbowli main road Gachibowli, 500032; Indore - ICICI Bank Ltd.,4, Chhoti Khajrani, Malav Parisar, A-B road, Indore, MP - 452 008; Jaipur - ICICI Bank Ltd, C-99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, 302001;Jamshedpur -Natraj Mansion, Main Road, Bistupur, Jamshedpur – 831001;Kanpur - J.S.Towers 16/106- The Mall, Kanpur – 208001;Kolhapur - Ground Floor, Vasant Plaza, Rajaram Road, Rajarampuri, 416001; Kolkata - ICICI Bank Ltd., 22, R N Mukherjee Road, 700001;Lucknow - ICICI Bank Ltd, Shalimar Tower, 31/54 M.G. Marg, Hazratganj, Lucknow -226001; Ludhiana Madurai - 33, North Chitrai Street, Madurai – 625001; Mumbai –30,Mumbai Samachar Marg, Fort- 400001; Mysore - 2950, Aishwarya Arcade, 9th Cross, Kalidasa Road, V.V. Mohalla, Mysore – 570002;Nagpur - Vishnu Vaibhav, 222, Palm Road, Civil Lines, Nagpur -440001; Nasik - ICICI Bank Ltd, U-1, Crown Commercial Complex, Opp. Rajiv Gandhi Bhavan (NMC), Utility Centre, Sharanpur Road, 422002; New Delhi - ICICI Bank Ltd - 9A, Phelps Building, Inner Circle,Connaught Place, 110001;Pondicherry -47, Mission Street, Pondicherry – 605001;Pune - A-Wing, Shangrila Gardens, Bund Garden Road, 411001; Rajkot - Jai Hind Press annexe, Opp. Shardabaug, Babubhai Shah Marg, Rajkot-360001; Ranchi - ICICI Bank Ltd, Main Road (near Ratanlal Petrol Pump), Ranchi, Jharkhand – 834001; Salem - ICICI Bank Ltd. Swarnambigai Plaza, S. F. No. 6/ 5, Block no. 7, Ward-C, Omalur Main Road, Near Bus Stand, 636009; Surat - Anjan Shalaka, Lal Bungalow, Athwa Lines, Surat – 395007; Vadodara - ICICI Bank Ltd., Landmark Building, Race Course Circle, Alkapuri, 390007; Vijaywada- D-40-1-52/5, Sainag Complex, M G Road, Vijayawada – 520010. KOTAK MAHINDRA BANK LTD. Ahmedabad: Ground Floor, Chandan House, opp. Abhijeet III,Near Mithakali Six Roads, Navrangpura, Ahmedabad - 380006, 079-66614800. Amritsar: 10, Kennedy Avenue, The Main Mall Road, Amritsar-143001, 0183-5002950; Anand: P.M.Chambers, Mota Bazar, Vallab Vidya Nagar, Anand - 388120, 02692-229993/94, Bangalore: 10/7, Umiya Land Mark, Next to Chancery Hotel Lavelle Road, Bangalore-560001, 080-66123250, Bhavnagar: Bhavna Construction Company, Plot No 2108 /A, G.R. Sterling Centre, Waghwadi Road, Bhavnagar - 364001, 09327518890, Chandigarh” SCO 153-154-155, Madhya Marg, Sector 9-C, Chandigarh-160009, 0172- 5008619, Chennai: Capitale’,Ground Floor, 555, Anna Salai, Chennai-600018, 044- 42040211, Coimbatore: 727, Avinashi Road, Skanda Square, Coimbatore-641018, 0422-4506505, Hyderabad: Pavani Jewel Tower, Ground Floor, Somajiguda, Hyderabad - 500089, 040-66755036, Jaipur: 57, Krishna Tower , Sardar Patel Marg, C-Scheme, Jaipur-302001, 0141-5157110, Jamshedpur: Gayatri-Enclave, K Road, S. Town-Bistupur, Jamshedpur-831001, 0657-6621809, Jodhpur: Bombay Motor Building, Bombay Motor Circle, 87/B-2 Chopasani Road, Jodhpur-342003, 0291-5100810, Kanpur: 17/03, The Mall, Meghdoot Hotel Building, Kanpur-208001, 09919802770, 3067850, Kolkata: Apeejay House 15, Parkstreet, Kolkatta-700016, 033-44011974, Lucknow: 3GF, Speed Building, Shahanazaf Road, Lucknow-226001, 0522-4038214, Ludhiana: SCO 120, Ground Floor, Feroze Gandhi Market, Ludhiana-141001, 0161-5055200, Mumbai: 5 C/ II, Mittal Court 224, Nariman Point, Mumbai - 400001, 91-22-66563408, Nagpur: Ground Floor, 345, Shree Mohini Complex, Kingsway, Nagpur-440001, 0712-6620801/6620807, New Delhi: Ground Floor, Ambadeep,14, K.G. Marg, New Delhi-110001, 08860635691, Noida: Plot 31 and 32, Block-G, Sector - 18, Noida, Distt. Gautam Budh Nagar, Uttar Pradesh-201301, 0120-4364801, Pune: Bakre Avenue, FP NO 226/3, Bhandarkar Road, Pune-411004, 020-66094044, Rajkot: Nath Complex, Ground Floor, Near Race Course, Dr. Yagnik Road, Rajkot-360007, 0281-6622607, Surat: Ground Floor, Kotak House, KG Point, GhodDod Road, Surat-395007, 0261-6679027, Trichy: B-17,Aishwaryam Building, Sasthiri Road, Thillai Nagar,Trichy-620017, 0431-4023823, Vadodara / Baroda: Panorama Building, R.C. Dutt Road, Alkapuri, Vadodara - 390015, 0265-6620351/352/353/357. STATE BANK OF INDIA SBI Ahmedabad: Main Branch (Br.Cd:301), Bhadra, Ahmedabad, Gujarat-380001, SBI Bangalore: Main Branch (Br.Cd:813), State Bank Road, Bangalore, Karnataka-560001, SBI Thyagarayanagar Branch: (Br.Cd:1020), 2, Prakasam Road, T. Nagar, Chennai, Tamil Nadu-600017, SBI New Delhi Main Branch: (Br. Cd: 691), C Block, 11 Parliament Street, New Delhi-110001, SBI Hyderabad Main Branch: (Br.Cd:847), SBI Building, Hyderabad, Andhra Pradesh-500095, SBI Jaipur Main Branch: (Br. Cd: 656), Main Branch, Sanganeri Gate, Jaipur District: Jaipur, Rajasthan-302001, SBI Spl Ins. Branch Kolkata: (Br.Cd:14524), Samriddhi Bhavan, 1, Strand Road, Kolkata, West Bengal-700001, SBI Lucknow Main Branch: (Br. Cd: 125), Tara Wali Kothi, Moti Mah Al Marg, Lucknow, Uttar Pradesh-226001, SBI Capital Market Br, Mumbai: (Br.Cd:11777), Videocon Heritage, Charanjit Rai Marg, Fort, Mumbai, Maharashtra-400001, SBI Nagpur Branch: (Br.Cd: 432), Kingsway, Nagpur District: Nagpur, Maharashtra-440001, SBI Nashik Branch: (Br.Cd:1469), Old Agra Road, Nashik District: Nasik, Maharashtra-422002, SBI Sambalpur Branch, Orissa :(Br.Cd:0175), Sambalpur, ORISSA 768001, SBI Pune Main Branch: (Br. Cd: 454), Collector Office Compound, Pune, District: Pune, Maharashtra-411001, SBI Surat Branch: (Br. Cd: 488), Surat-District: Surat, Gujarat-395001, SBI Thane Branch: (Br. Cd: 489), Mazda Complex, Parsi Agiary Lane, Thane, District: Thane, Maharashtra-400601, SBI SCB Vadodra Branch: (Br. Cd: 4086), Trident Complex, Vadodra, Gujrat-390023. NR APPL CANTS SEEK NG ALLOTMENT OF BONDS N PHYS CAL FORM SHALL SUBM T THE APPL CAT ONS ONLY AT MUMBA DELH AHMEDABAD HYDERABAD CHENNA BANGALORE CHAND GARH AND KOCH INDIAN RAILWAY FINANCE CORPORATION LIMITED 3
- 4. IN THE NATUREOF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS GENERAL INSTRUCTIONS Applicants are advised to read the Shelf Prospectus and Prospectus Tranche - 1 dated January 19, 2012 opening of the Issue, as may be decided by the Board of Directors/ Committee of the Company, subject Code of that particular bank branch and the payment will be made to the Applicants through this method. (“Prospectus”) filed with Registrar of Companies, National Capital Territory of Delhi and Haryana and to necessary approvals, if any. In the event of such early closure of the subscription list of the Issue, our The process flow in respect of refunds by way of NEFT is at an evolving stage and hence use of NEFT is the General Instructions contained in this application form carefully and to satisfy themselves of the Company shall ensure that public notice of such early closure is published on or before such early date of subject to operational feasibility, cost and process efficiency and the past experience of the Registrar to disclosures before making an application for subscription. Unless otherwise specified, all the terms closure through advertisement/s in a leading national daily newspaper. 7.2 Underwriting: The Issue is not the Issue. In the event NEFT is not operationally feasible, the payment would be made through any one underwritten. 7.3 Minimum Subscription: In terms of the SEBI Debt Regulations, an issuer undertaking a of the other modes discussed in this section. 11.2.5 Cheques or Demand drafts: By cheques or demand drafts used in this form have the same meaning as in the Prospectus. For a copy of the Prospectus the public issue of debt securities may disclose the minimum amount of subscription that it proposes to raise made in the name of the Bondholders whose names appear in the Register of Bondholders as maintained applicant may request us and/or the Lead Managers. Further, investors are advised to retain the copy through the issue in the offer document. The Company has decided not to stipulate minimum subscription by the Company and/or as provided by the Depositories. All Cheques or demand drafts as the case may of the Prospectus/Abridged Prospectus for their future reference. Please fill in the Form in English amount for this Issue. be, shall be sent by registered/speed post at the Bondholder’s sole risk. 11.3 Printing of Bank Particulars: using BLOCK letters. Investors should carefully choose the Series of Bonds they wish to apply for. 8. Interest: 8.1. Interest: For all the categories the Tranche 1 and Series I Bonds and Tranche 1 and Series As a matter of precaution against possible fraudulent encashment of refund orders and interest/redemption Please refer to Terms of the Issue in the Prospectus for details. II Bonds shall carry interest at the coupon rate of 8.00% p.a. and 8.10% p.a., respectively, payable annually warrants due to loss or misplacement, the particulars of the Applicant’s bank account are mandatorily TERMS OF THE ISSUE from, and including, the Deemed Date of Allotment up to, but excluding their respective Maturity Dates, required to be provided for printing on the orders/warrants. Applications without these details are liable payable on the “Interest Payment Date” (as specified in the Prospectus Tranche – 1), to the Bondholders to be rejected. However, in relation to Applications for dematerialised Bonds, these particulars will be The Bonds being offered as part of the Tranche – 1 Issue and are subject to the provisions of the SEBI taken directly from the Depositories. In case of Bonds held in physical form either on account of Debt Regulations, the Companies Act, CBDT Notification No. 52/2011.F.No. 178/56/2011-(ITA.1) dated as of the relevant Record Date. However, an additional interest at the rate of 0.15% p.a. and 0.20% p.a. shall be payable to the allottees under Category III for the Tranche 1 and Series I Bonds and Tranche 1 rematerialisation or transfer, the Bondholders are advised to submit their bank account details with the September 23, 2011, the terms of the Shelf Prospectus, the Tranche Prospectus, the Application Form, Registrar to the Issue before the Record Date, failing which the amounts will be dispatched to the postal the terms and conditions of the Trustee Agreement and the Debenture Trust Deed, other applicable and Series II Bonds respectively. Accordingly, the Tranche 1 and Series I Bonds and Tranche 1 and Series II Bonds allotted to Category III investors, shall carry an aggregate coupon rate of 8.15% p.a. and 8.30% address of the Bondholders. Bank account particulars will be printed on the orders/warrants which can then statutory and/or regulatory requirements including those issued from time to time by SEBI/the GoI /RBI/ be deposited only in the account specified. BSE/NSE, and/or other statutory/regulatory authorities relating to the offer, issue and listing of securities p.a., respectively, payable annually from, and including, the Deemed Date of Allotment up to, but and any other documents that may be executed in connection with the Bonds. excluding their respective Maturity Dates, payable on the “Interest Payment Date” (as specified in the 12. Special Tax Benefit: For the details of tax benefits, see section titled “Statement of Tax Benefits” on page Prospectus Tranche – 1), to the Bondholders as of the relevant Record Date. The effective yield to Category 25 of Prospectus Tranche - 1. 1. Authority for the Issue: The GoI, by virtue of power conferred upon it under Section 10(15)(iv)(h) of the III investors would be 8.15% p.a. and 8.30% p.a. for the Tranche 1 and Series I Bonds and Tranche 1 and Income Tax Act, 1961, has issued Notification No. 52/2011.F.No. 178/56/2011-(ITA.1) dated September 13. Taxation: The Bonds are tax free in nature and the interest on the Bonds will not form part of the total income. Series II Bonds respectively. Please note that the aforesaid additional interest of 0.15% p.a. and 0.20% For further details, see section titled “Statement of Tax Benefits” on page 25 of Prospectus Tranche - 1. 23, 2011 authorising the Company to issue the said Bonds upto an aggregate amount of ` 10,00,000 lakhs p.a., shall only be available to the original allottees and shall not be available in the following instances: during the financial year 2011-12. The Company has already raised secured tax free, redeemable, non- 14. Security: The Bonds issued by the Company will be secured by creating a charge on the movable assets 1. In case the Bonds are sold and/or transferred by the original allottee the transferee will not be entitled of the Company comprising of rolling stock such as wagons, locomotives and coaches by a pari passu cumulative, non-convertible bonds through private placement route, aggregating to ` 73,111 lakhs. The to receive the interest at the coupon rate of 8.15% p.a. and 8.30% p.a., for the Tranche 1 and Series I Bonds deemed date of allotment was November 8, 2011 and the date of refund was December 1, 2011. The charge, present and future, as may be agreed between the Company and the Debenture Trustee, pursuant and Tranche 1 and Series II Bonds respectively and shall only be entitled to receive the interest at the to the terms of the Debenture Trust Deed. The Company will create security in favour of Debenture Trustee listing and trading in these bonds have commenced on NSE and BSE from December 11, 2011 and coupon rate of 8.00% p.a. and 8.10% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 and Series December 8, 2011 respectively. Thus, the Company shall issue Bonds upto an aggregate amount of ` pursuant to the terms of Shelf Prospectus/ Tranche Prospectus(es). II Bonds respectively. However, in case of any transfer by a permanently disabled allottee to their legal 15. Events of Default: 15.1 The Debenture Trustee at its discretion may, or if so requested in writing by the 6,30,000 lakhs through this Issue during the financial year 2011-12 out of the total permissible amount heir(s), the transferee shall continue to be entitled to receive interest at the coupon rate of 8.15% p.a. and of ` 10,00,000 lakhs, as approved by its Board through its resolution dated January 10, 2012. holders of not less than 75% in principal amount of the Bonds then outstanding or if so directed by a special 8.30% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 and Series II Bonds respectively; and 2. resolution shall (subject to being indemnified and/or secured by the Bondholders to its satisfaction), give 2. Issue and Status of Bonds: 2.1. Public Issue of Tax Free Secured Redeemable Non Convertible Bonds Where the Bonds are held in joint names and subsequently there is a change in the sequence of the names in the nature of Debentures having tax benefits under Section 10(15) (iv) (h) of the Income Tax Act, 1961 notice to the Company specifying that the Bonds and/or any particular series of Bonds, in whole but not of the joint holders, the joint holders subsequent to such change in sequence of names, will no longer be in part are and have become due and repayable at the early redemption amount on such date as may be not exceeding ` 6,30,000 lakhs at par in one or more tranches in the financial year 2011-12. 2.2. The Bonds entitled to receive the interest at the coupon rate of 8.15% p.a. and 8.30% p.a., for the Tranche 1 and Series shall be secured pursuant to a Debenture Trust Deed and underlying security documents. The Bondholders specified in such notice inter alia if any of the events listed in 15.2 below occur. 15.2 The complete list of I Bonds and Tranche 1 and Series II Bonds respectively and shall only be entitled to receive the interest events of default shall be as specified in the Debenture Trust Deed. 15.3 The early redemption amount are entitled to the benefit of the Debenture Trust Deed and are bound by and are deemed to have notice at the coupon rate of 8.00% p.a. and 8.10% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 and of all the provisions of the Debenture Trust Deed. 2.3. The Company is issuing the Bonds in accordance Series II Bonds respectively. However, in case of change in name of any of the joint holders, such joint payable on the occurrence of an event of default shall be as detailed in the Debenture Trust Deed. 15.4 with the Notification No. 52/2011.F.No. 178/56/2011-(ITA.l) dated September 23, 2011 issued by CBDT. holders shall continue to be entitled to receive interest at the coupon rate of 8.15% p.a. and 8.30% p.a., If an event of default occurs which is continuing, the Debenture Trustee may with the consent of the 2.4. The Bonds are issued in the form of tax-free, secured, redeemable, non-convertible bonds in the Bondholders, obtained in accordance with the provisions of the Debenture Trust Deed, and with a prior for the Tranche 1 and Series I Bonds and Tranche 1 and Series II Bonds respectively. However in case of written notice to the Company, take action in terms of the Debenture Trust Deed. 15.5 In case of default nature of debentures. 2.5. The claims of the Bondholders shall rank pari-passu inter-se and shall be transmission of the Bond(s) in accordance with the articles of association of the Company, to the nominee in the redemption of Bonds, in addition to the payment of interest and all other monies payable hereunder superior to the claims of any unsecured creditors of the Company and subject to applicable statutory and/ in the event of demise of the Bondholder (single or joint holders) who was originally allotted Bonds under on the respective due dates, the Company shall also pay interest on the defaulted amounts. or regulatory requirements, rank pari passu to the claims of creditors of the Company secured against Category III, the new Bondholder (single or joint holders) shall continue to be entitled to receive interest charge on the movable assets comprising of rolling stock such as wagons, locomotives and coaches. at the coupon rate of 8.15% p.a. and 8.30% p.a., for the Tranche 1 and Series I Bonds and Tranche 1 and 16. Bondholder’s Rights, Nomination, etc.: 16.1 Rights of Bondholders: Some of the significant rights Series II Bonds respectively. Please note that for the purpose of classifying the investors into various available to the Bondholders are as follows: a) The Bonds shall not, except as provided in the Companies 3. Form, Face Value, Title and Listing etc.: 3.1.1. Form of Allotment: The Allotment of the Bonds shall be Act, confer on Bondholders any rights or privileges available to members of the Company including the in a dematerialized form as well as physical form. The Company has made depository arrangements with categories, the applications will be consolidated on the basis of PAN. Consequent to such consolidation of applications, if an Applicant falls in any category other than Category III, such Applicant will not be right to receive notices or annual reports of, or to attend and / or vote, at the Company’s general meeting(s). CDSL and NSDL for the issuance of the Bonds in dematerialized form, pursuant to the tripartite agreement However, if any resolution affecting the rights of the Bondholders is to be placed before the shareholders, dated May 8, 2003 among the Company, CDSL and the Registrar to the Issue and the tripartite agreement entitled to the additional interest at the rate of 0.15% p.a. and 0.20% p.a. for Tranche 1 Series I Bonds and Tranche 1 Series II Bonds respectively. 8.2. Day Count Convention: Interest shall be computed on an such resolution will first be placed before the concerned registered Bondholders for their consideration. dated January 23, 2002 among the Company, NSDL and the Registrar to the Issue (collectively, “Tripartite In terms of Section 219(2) of the Companies Act, Bondholders shall be entitled to a copy of the balance Agreements”). The Company shall take necessary steps to credit the Depository Participant account of the actual/actual basis on the principal outstanding on the Bonds. 8.3. Interest on Application Money: 8.3.1 Interest on application monies received which are used towards allotment of Bonds: We shall pay interest on sheet on a specific request made to the Company. b) The rights, privileges and conditions attached to the Applicants with the number of Bonds allotted in dematerialized form. The Bondholders holding the Bonds Bonds may be varied, modified and/or abrogated with the consent in writing of the holders of at least three- in dematerialised form shall deal with the Bonds in accordance with the provisions of the Depositories Act, the amount for which Bonds are allotted to the Applicants subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, from the date of realization of the cheque(s)/demand fourths of the outstanding amount of the Bonds or with the sanction of a special resolution passed at a 1996 (“Depositories Act”) and/or rules as notified by the Depositories from time to time. 3.1.2. The Bondholders meeting of the concerned Bondholders, provided that nothing in such consent or resolution shall be may rematerialize the Bonds issued in dematerialized form, at any time after Allotment, in accordance draft(s) or 3 (three) days from the date of banking of the application (being the date of submission of each application as duly acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the operative against the Company, where such consent or resolution modifies or varies the terms and with the provisions of the Depositories Act and/or rules as notified by the Depositories from time to time. conditions governing the Bonds, if modification, variation or abrogation is not acceptable to the Company. 3.1.3. In case of Bonds issued in physical form, whether on Allotment or on rematerialization of Bonds Deemed Date of Allotment, at the rate of 8.00% per annum. We may enter into an arrangement with one or more banks in one or more cities for direct credit of interest to the account of the applicants. Alternatively, c) The registered Bondholder or in case of joint-holders, the person whose name stands first in the Register Allotted in dematerialized form, the Company will issue one certificate for each Series of the Bonds to of Bondholders or register of beneficial owners shall be entitled to vote in respect of such Bonds, either the Bondholder for the aggregate amount of the Bonds that are held by such Bondholder (each such the interest warrant will be dispatched along with the Letter(s) of Allotment at the sole risk of the Applicant, to the sole/first Applicant. 8.3.2 Interest on application monies received which are liable to be refunded: We by being present in person or, where proxies are permitted, by proxy, at any meeting of the concerned certificate, a “Consolidated Bond Certificate”). In respect of the Consolidated Bond Certificate(s), the Bondholders summoned for such purpose and every such Bondholder shall be entitled to one vote on a Company will, on receipt of a request from the Bondholder within 30 days of such request, split such shall pay interest on application money which is liable to be refunded to the Applicants in accordance with the provisions of the SEBI Debt Regulations, or other applicable statutory and/or regulatory requirements, show of hands and on a poll, his or her voting rights shall be in proportion to the outstanding nominal value Consolidated Bond Certificate(s) into smaller denominations in accordance with the applicable regulations/ of Bonds held by him or her on every resolution placed before such meeting of the Bondholders. d) Bonds rules/act, subject to a minimum denomination of one Bond. No fees will be charged for splitting any subject to deduction of income tax under the provisions of the Income Tax Act, 1961, as amended, as applicable, from the date of realization of the cheque(s)/demand draft(s) or 3 (three) days from the date may be rolled over with the consent in writing of the holders of at least three-fourths of the outstanding Consolidated Bond Certificate(s) and any stamp duty, if payable, will be paid by the Bondholder. The amount of the Bonds or with the sanction of a special resolution passed at a meeting of the concerned request to split a Consolidated Bond Certificate shall be accompanied by the original Consolidated Bond of receipt of the application (being the date of presentation of each application as acknowledged by the Bankers to the Issue) whichever is later upto one day prior to the Deemed Date of Allotment, at the rate Bondholders after providing at least 21 days prior notice for such roll-over and in accordance with the SEBI Certificate(s) which will, on issuance of the split Consolidated Bond Certificate(s), be cancelled by the Debt Regulations. The Company shall redeem the Bonds of all the Bondholders, who have not given their Company. 3.2.Face Value: The face value of each Bond is ` 1,000. 3.3.Title: 3.3.1In case of: i)Bond(s) held of 4% per annum. Such interest shall be paid along with the monies liable to be refunded. Interest warrant will be dispatched/credited (in case of electronic payment) along with the Letter(s) of Refund at the sole positive consent to the roll-over. The above rights of Bondholders are merely indicative. The final rights in the dematerialized form, the person for the time being appearing in the register of beneficial owners risk of the applicant, to the sole/first applicant. Provided that, notwithstanding anything contained of the Bondholders will be as per the terms of the Prospectus Tranche - 1 read with the Shelf Prospectus maintained by the Depositories; and ii) Bond(s) held in physical form, the person for the time being hereinabove, the Company shall not be liable to pay any interest on monies liable to be refunded in case and Debenture Trust Deed to be executed by the Company with the Debenture Trustee. Special resolution appearing in the Register of Bondholders (as defined below) as Bondholder, shall be treated for all of (a) invalid applications or applications liable to be rejected, and/or (b) applications which are withdrawn for the purpose of this section is a resolution passed at a meeting of Bondholders of at least three-fourths purposes by the Company, the Debenture Trustee, the Depositories and all other persons dealing with by the applicant. See “Rejection of Application” at page 61 of Prospectus Tranche - 1. of the outstanding amount of the Bonds, present and voting. 16.3 Succession: Where Bonds are held in such person as the holder thereof and its absolute owner for all purposes whether or not it is overdue and joint names and one of the joint holders dies, the survivor(s) will be recognized as the Bondholder(s) in regardless of any notice of ownership, trust or any interest in it or any writing on, theft or loss of the 9. Redemption: 9.1 The face value of the Bonds will be redeemed at par, on the respective Maturity Dates accordance with the applicable laws. It will be sufficient for the Company to delete the name of the Consolidated Bond Certificate issued in respect of the Bonds and no person will be liable for so treating of each of the Bond Series. 9.2 Procedure for Redemption by Bondholders: The procedure for redemption deceased Bondholder after obtaining satisfactory evidence of his death, provided that a third person may the Bondholder. 3.3.2. No transfer of title of a Bond will be valid unless and until entered on the Register is set out below: 9.2.1 Bonds held in electronic form: No action is required on the part of Bondholders at call on the Company to register his name as successor of the deceased Bondholder after obtaining of Bondholders or the register of beneficial owners, maintained by the Depositories and/or the Company the time of maturity of the Bonds. 9.2.2 Bonds held in physical form: No action will ordinarily be required evidence such as probate of a will for the purpose of proving his title to the Bonds. In the event of demise or the Registrar to the Issue prior to the Record Date. In the absence of transfer being registered, interest on the part of the Bondholder at the time of redemption, and the Maturity Amount will be paid to those of the sole or first holder of the Bonds, the Company will recognize the executors or administrator of the and/or Maturity Amount, as the case may be, will be paid to the person, whose name appears first in the Bondholders whose names appear in the Register of Bondholders maintained by the Company on the deceased Bondholders, or the holder of the succession certificate or other legal representative as having Register of Bondholders or register of beneficial owners maintained by the Depositories and/or the Record Date fixed for the purpose of redemption. However, the Company may require the Consolidated title to the Bonds only if such executor or administrator obtains and produces probate of will or letter of Company and/or the Registrar to the Issue, as the case may be. In such cases, claims, if any, by the Bond Certificate(s), duly discharged by the sole holder or all the joint-holders (signed on the reverse of the administration or is the holder of the succession certificate or other legal representation, as the case may purchasers of the Bonds will need to be settled with the seller of the Bonds and not with the Company Consolidated Bond Certificate(s)) to be surrendered for redemption on Maturity Date and sent by the be, from an appropriate court in India. The Board of Directors of the Company in their absolute discretion or the Registrar to the Issue. 3.4. Listing: The Bonds will be listed on NSE and BSE. NSE and BSE have Bondholders by registered post with acknowledgment due or by hand delivery to the Registrar to the Issue may, in any case, dispense with production of probate of will or letter of administration or succession given their in-principle listing approval by their letters no. NSE/LIST/157151-7 and no. DCS/SP/PI- or the Company or to such persons at such addresses as may be notified by the Company from time to time. certificate or other legal representation. 16.4 Nomination Facility to Bondholder: 16.4.1 The sole Bondholder BOND/07/11-12, respectively, both dated January 19, 2012. The Designated Stock Exchange for the Issue Bondholders may be requested to surrender the Consolidated Bond Certificate(s) in the manner stated or first Bondholder, along with other joint Bondholders (being individual(s)) may nominate any one person is NSE. 3.5. Market Lot: 3.5.1. The Bonds shall be allotted in physical as well as dematerialized form. As above, not more than three months and not less than one month prior to the Maturity Date so as to facilitate (being an individual) who, in the event of death of the sole holder or all the joint-holders, as the case may per the SEBI Debt Regulations, the trading of the Bonds shall be in dematerialised form only. Since, the timely payment. be, shall become entitled to the Bond. A person, being a nominee, becoming entitled to the Bond by trading of Bonds is in dematerialize form, tradable lot is one Bond (“Market Lot”). 3.5.2. For details of 10. Payments: 10.1 Payment of Interest on Bonds: Payment of interest on the Bonds will be made to those reason of the death of the Bondholders, shall be entitled to the same rights to which he will be entitled Allotment, see “Issue Structure” beginning on page 32 of Prospectus Tranche - 1. 3.6. Procedure for Bondholders whose name appears first in the Register of Bondholders or the register of beneficial owners if he were the registered holder of the Bond. Where the nominee is a minor, the Bondholders may make Rematerialisation of Bonds: Bondholders who wish to hold the Bonds in physical form, after having opted maintained by the Depositories and/or the Company and/or the Registrar to the Issue, as the case may be a nomination to appoint any person to become entitled to the Bond(s), in the event of his death, during for allotment in dematerialised form may do so by submitting a request to their Depository Participant, in as, on the Record Date. 10.2 Record Date: The record date for the payment of interest or the Maturity Amount the minority. A nomination shall stand rescinded on sale of a Bond by the person nominating. A buyer will accordance with the applicable procedure stipulated by the Depository Participant. shall be 15 days prior to the date on which such amount is due and payable or such other date as may be be entitled to make a fresh nomination in the manner prescribed. When the Bond is held by two or more notified by the Company (“Record Date”). In case of redemption of Bonds, the trading in the Bonds shall persons, the nominee shall become entitled to receive the amount only on the demise of all the Bondholders. 4. Transfer of the Bonds, Issue of Consolidated Bond Certificates, etc.: 4.1. Register of Bondholders: The remain suspended between the Record Date and the date of redemption. 10.3 Effect of holidays on Company shall maintain at its registered office or such other place as permitted by section 152A of the Fresh nominations can be made only in the prescribed form available on request at the Company’s payments: If the date of interest payment or redemption falls on a Saturday, Sunday or a public holiday administrative office or at such other addresses as may be notified by the Company. 16.4.2 The Bondholders Companies Act a Register of Bondholders containing such particulars of the legal owners of the Bonds. in Delhi or any other payment centre notified in terms of the Negotiable Instruments Act, 1881, the Further, the register of beneficial owners maintained by Depositories for any Bond in dematerialized form are advised to provide the specimen signature of the nominee to the Company to expedite the transmission succeeding Working Day will be considered as the effective date. In case the date of payment of interest of the Bond(s) to the nominee in the event of demise of the Bondholders. The signature can be provided under Section 11 of the Depositories Act shall also be deemed to be a Register of Bondholders for this or principal or any date specified falls on a holiday, the payment will be made on the next Working Day, purpose. 4.2. Transfers: 4.2.1 Transfer of Bonds held in dematerialized form: In respect of Bonds held in the in the Application Form or subsequently at the time of making fresh nominations. This facility of providing without any interest for the period overdue. 10.4.Whilst the Company will use the electronic mode for the specimen signature of the nominee is purely optional. 16.4.3 Any person who becomes a nominee dematerialized form, transfers of the Bonds may be effected, only through the Depositories where such making payments, where facilities for electronic mode of payments are not available to the Bondholder Bonds are held, in accordance with the provisions of the Depositories Act and/or rules as notified by the under any applicable laws shall on the production of such evidence as may be required by the Company’s or where the information provided by the Applicant is insufficient or incomplete, the Company proposes Board, as the case may be, elect either: (a) to register himself or herself as the holder of the Bonds; or (b) Depositories from time to time. The Bondholder shall give delivery instructions containing details of the to use other modes of payment to make payments to the Bondholders, including through the dispatch of prospective purchaser’s Depository Participant’s account to his Depository Participant. If a prospective to make such transfer of the Bonds, as the deceased holder could have made. 16.4.4 Notwithstanding cheques through courier, or registered post to the address provided by the Bondholder and appearing in anything stated above, Applicants who are allotted bonds in dematerialized form need not make a purchaser does not have a Depository Participant account, the Bondholder may rematerialize his or her the Register of Bondholders or the register of beneficial owners maintained by the Depositories and/or the Bonds and transfer them in a manner as specified in 4.2.2 below. 4.2.2 Transfer of Bonds in physical form: separate nomination with the Company. Nominations registered with the respective Depository Participant Company and/or the Registrar to the Issue, as the case may be as, on the Record Date. In the case of of the Bondholder will prevail. If the Bondholders require changing their nomination, they are requested The Bonds may be transferred by way of a duly executed transfer deed or other suitable instrument of payment on maturity being made on surrender of the Consolidated Bond Certificate(s), the Company will to inform their respective Depository Participant. For Applicants who opt to hold the Bonds in physical form, transfer as may be prescribed by the Company for the registration of transfer of Bonds. Purchasers of Bonds make payments or issue payment instructions to the Bondholders within 30 days from the date of receipt the Applicants are require to fill in the details for ‘nominees’ as provided in the Application Form. 16.4.5 are advised to send the Consolidated Bond Certificate to the Company or to such persons as may be of the duly discharged Consolidated Bond Certificate(s). The Company shall pay interest in accordance Further, the Company’s Board or committee of Directors, as the case may be, may at any time give notice notified by the Company from time to time. If a purchaser of the Bonds in physical form intends to hold with applicable laws, over and above the coupon rate of the relevant Bonds, in the event that such requiring any nominee of the deceased holder to choose either to be registered himself or herself or to the Bonds in dematerialized form, the Bonds may be dematerialized by the purchaser through his or her payments are delayed beyond a period of eight days after the Company becomes liable to pay such transfer the Bonds, and if the notice is not complied with, within a period of 90 days, the Company’s Board Depository Participant in accordance with the provisions of the Depositories Act and/or rules as notified amounts. 10.5 The Company’s liability to the Bondholders including for payment or otherwise shall stand or committee of Directors, as the case may be, may thereafter withhold payment of all interests or other by the Depositories from time to time. 4.3. Formalities Free of Charge: Registration of a transfer of Bonds extinguished from the Maturity Date or on dispatch of the amounts paid by way of principal and/or interest monies payable in respect of the Bonds, until the requirements of the notice have been complied with. and issuance of new Consolidated Bond Certificates will be effected without charge by or on behalf of the to the Bondholders. Further, the Company will not be liable to pay any interest, income or compensation Company, but on payment (or the giving of such indemnity as the Company may require) in respect of any of any kind accruing subsequent to the Maturity Date. 17. Debenture Trustee: 17.1 The Company has appointed Indian Bank to act as the Trustee for the Bondholders. tax or other governmental charges which may be imposed in relation to such transfer, and the Company The Company intends to enter into a Debenture Trust Deed with the Debenture Trustee, the terms of which 11. Manner and Mode of Payment: 11.1 Manner of Payment: All payments to be made by the Company to the will govern the appointment and functioning of the Debenture Trustee and shall specify the powers, being satisfied that the requirements concerning transfers of Bonds, have been complied with. 4.4 Debenture Bondholders shall be made in any of the following manners: 11.1.1 For Bonds applied or held in electronic Redemption Reserve (“DRR”): Regulation 16 of the SEBI Debt Regulations and Section 117C of the authorities and obligations of the Debenture Trustee. Under the terms of the Debenture Trust Deed, the form: The bank details will be obtained from the Depositories for payments. Investors who have applied Company will covenant with the Debenture Trustee that it will pay the Bondholders the principal amount Companies Act requires any company that intends to issue debentures to create a DRR to which adequate or who are holding the Bond in electronic form, are advised to immediately update their bank account amounts shall be credited out of the profits of the Company till the redemption of the debentures. Further, on the Bonds on the relevant Maturity Date and also that it will pay the interest due on Bonds on the rate details as appearing on the records of their Depository Participant. Failure to do so could result in delays specified under the respective Tranche Prospectus(es) under which allotment has been made. 17.2 The the Ministry of Company Affairs (“MCA”) has, through its circular dated April 18, 2002, specified that NBFCs in credit of the payments to Investors at their sole risk and neither the Lead Managers nor the Company Bondholders shall, without further act or deed, be deemed to have irrevocably given their consent to the which are registered with the RBI under Section 45-IA of the RBI Act, 1934 shall create a DRR to the extent shall have any responsibility and undertake any liability for such delays on part of the Investors. 11.1.2 For Debenture Trustee or any of its agents or authorised officials to do all such acts, deeds, matters and things of 50% of the value of the debentures issued through public issue. Accordingly, the Company shall create Bonds held in physical form: The bank details will be obtained from the Registrar to the Issue for effecting in respect of or relating to the Bonds as the Trustee may in its absolute discretion deem necessary or require DRR of 50% of the value of Bonds issued and allotted in terms of the Tranche Prospectus(es), for the payments. 11.2 Modes of Payment: The mode of interest/refund/redemption payments shall be undertaken to be done in the interest of the Bondholders. Any payment made by the Company to the Debenture redemption of the Bonds. The Company shall credit adequate amounts to the DRR from its profits every in the following order of preference: 11.2.1 Direct Credit: Applicants having bank accounts with the Refund Trustee on behalf of the Bondholders shall discharge the Company pro tanto to the Bondholders. All the year until the Bonds are redeemed. The amounts credited to the DRR shall not be utilized by the Company Bank, as per the demographic details received from the Depositories shall be eligible to receive refunds rights and remedies of the Bondholders shall vest in and shall be exercised by the Debenture Trustee for any purpose other than for the redemption of the Bonds. through direct credit. Charges, if any, levied by the Refund Bank for the same would be borne by the without reference to the Bondholders. No Bondholder shall be entitled to proceed directly against the 5. Application Amount: The Bonds are being issued at par and full amount of face value per Bond is Company. 11.2.2 NECS: Through NECS for Applicants having an account at any of the centers notified Company unless the Debenture Trustee, having become so bound to proceed, failed to do so. 17.3 The payable on application. Eligible Applicants can apply for any amount of the Bonds subject to a minimum by the RBI. This mode of payment will be subject to availability of complete bank account details including Debenture Trustee will protect the interest of the Bondholders in the event of default by the Company in application size of ten Bonds, across any of the series(s) and in multiples of five bonds thereafter. The the Magnetic Ink Character Recognition (“MICR”) code as appearing on a cheque leaf, from the Depositories. regard to timely payment of interest and repayment of principal and they will take necessary action at the Applicants will be allotted the Bonds in accordance with the Basis of Allotment. The Company shall not be responsible for any delay to the Bondholder receiving credit of interest or refund Company’s cost. Further, the Debenture Trustee shall ensure that the assets of the Company are sufficient 6. Deemed Date of Allotment: The Deemed Date of Allotment for the Bonds shall be the date as may be or Maturity Amount so long as the Company has initiated the process in time. 11.2.3 Real Time Gross to discharge the principal amount at all time under this Issue. determined by the Board of the Company/ Committee of Directors and notified to the Stock Exchanges. Settlement (“RTGS”): Applicants having a bank account with a bank branch which is RTGS enabled as per 18. Miscellaneous: 18.1 Loan against Bond: The Bonds can be pledged or hypothecated for obtaining loans. All benefits under the Bonds including payment of interest will accrue to the Bondholders from the the information available on the website of RBI and whose payment amount exceeds ` 2.00 lacs shall be 18.2 Lien: The Company shall have the right of set-off and lien, present as well as future on the moneys Deemed Date of Allotment. Actual Allotment may occur on a date other than the Deemed Date of eligible to receive refund through RTGS, provided the demographic details downloaded from the due and payable to the Bondholder or deposits held in the account of the Bondholder, whether in single Allotment. Depositories contain the nine digit MICR code of the Applicant’s bank which can be mapped with the RBI name or joint name, to the extent of all outstanding dues by the Bondholders to the Company. 18.3 Lien 7. Subscription: 7.1 Period of Subscription: The Issue shall remain open for the period mentioned below: data to obtain the corresponding Indian Financial System Code (“IFSC”). Charges, if any, levied by the on Pledge of Bonds: Subject to applicable laws, the Company, at its discretion, may note a lien on pledge Refund Bank for the same would be borne by us. Charges, if any, levied by the Applicant’s bank receiving of Bonds if such pledge of Bond is accepted by any Bank, institution or others for any loan provided to the ISSUE OPENS ON FRIDAY, JANUARY 27, 2012 the credit would be borne by the Applicant. 11.2.4 National Electronic Fund Transfer (“NEFT”): Payment of Bondholder against pledge of such Bonds as part of the funding. 18.4 Joint-holders: Where two or more ISSUE CLOSES ON FRIDAY, FEBRUARY 10, 2012 refund shall be undertaken through NEFT wherever the Applicants’ bank branch is NEFT enabled and has persons are holders of any Bond(s), they shall be deemed to hold the same as joint holders with benefits been assigned the IFSC, which can be linked to an MICR code of that particular bank branch. IFSC Code of survivorship subject to applicable laws. 18.5 Sharing of Information: The Company may, at its option, The subscription list for the Issue shall remain open for subscription at the commencement of banking will be obtained from the website of RBI as on a date prior to the date of payment of refund, duly mapped hours and close at the close of banking hours, with an option for early closure (subject to the Issue being with an MICR code. Wherever the Applicants have registered their MICR number and their bank account use its own, as well as exchange, share or part with any financial or other information about the Bondholders open for a minimum of 3 days) or extension by such period, upto a period of 30 days from the date of number while opening and operating the beneficiary account, the same will be duly mapped with the IFSC available with the Company, its SPV’s and affiliates and other banks, financial institutions, credit bureaus, agencies, statutory bodies, as may be required and neither the Company nor its SPVs and affiliates nor 4 INDIAN RAILWAY FINANCE CORPORATION LIMITED
- 5. IN THE NATUREOF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS their agents shall be liable for use of the aforesaid information. 18.6 Notices: All notices to the Bondholders during the lock-in period of three years. The Reserve Bank of India (RBI) vide its notification number RBI/ required to be for a minimum of ten Bond and in multiples of five Bond thereafter. • Applications should be required to be given by the Company or the Trustee shall be published in one national daily newspaper 2011-12/244 A.P. (DIR Series) Circular No. 42 dated November 03, 2011 has revised the terms of investment in single or joint names not more than three, and in the same order as their Depository Participant details (in having wide circulation and/or, will be sent by post/courier to the registered Bondholders from time to time. by Foreign Institutional Investors (FIIs) and the subjective conditions. The modifications stipulated in the case of applicants opting for allotment in dematerialized form) and should be applied by Karta in case of HUF 18.7 Issue of Duplicate Consolidated Bond Certificate(s): If any Consolidated Bond Certificate is mutilated aforesaid notification are as follows: 1. FII’s can now invest in non-convertible debentures/bonds issued • Thumb impressions and signatures other than in English/Hindi/Gujarati/Marathi or any other languages or defaced, it may be replaced by the Company against the surrender of such Consolidated Bond Certificates, by with “Infrastructure Finance Companies” who are Non-Banking Financial Companies (NBFC’s) up to a specified in the 8th Schedule of the Constitution needs to be attested by a Magistrate or Notary Public or a provided that where the Consolidated Bond Certificates are mutilated or defaced, they will be replaced limit of USD 5 Billion within the overall USD 25 Billion limit. 2. The three year lock in period in respect Special Executive Magistrate under his/her seal. • All Application Forms duly completed together with cheque/ only if the certificate numbers and the distinctive numbers are legible. If any Consolidated Bond Certificate of investments by FIIs up to USD five billion within the overall limit of USD 25 Billion stands reduced to bank draft for the amount payable on application must be delivered before the closing of the subscription list is destroyed, stolen or lost then on production of proof thereof to the Issuer’s satisfaction and on furnishing one year. 3. The five year residual maturity on an instrument purchased by an FII now refers to the original to any of the Bankers to the Public Issue or collection centre(s) as may be specified before the closure of the such indemnity/security and/or documents as we may deem adequate, duplicate Consolidated Bond maturity date of the instrument. The lock in period will be computed from the original maturity date of the Issue. No receipt will be issued for the application money. However, Bankers to the Issue and/or their branches Certificate(s) shall be issued. The above requirement may be modified from time to time as per applicable law investment. 4. These changes would also apply for Qualified Foreign Investors (QFI) investment in units receiving the applications will acknowledge the same by stamping (mandatorily having a date stamp) and and practice. 18.8 Future Borrowings: The Company shall be entitled at any time in the future during the of mutual fund debt schemes within the limit of USD 3 billion. Additionally, there has been an increase returning the acknowledgement slip to the applicant. • Every applicant should hold valid Permanent Account term of the Bonds or thereafter to borrow or raise loans or create encumbrances or avail of financial in the FII investment limit in corporate bonds by US$ 5 billion, raising the overall cap to US $ 20 Billion. Number (PAN) and mention the same in the Application Form. • All applicants are required to tick the relevant assistance in any form, and also to issue promissory notes or bonds or any other securities in any form, This incremental limit can be invested in listed corporate bonds vide SEBI Circular CIR/IMD/FIIC/20/2011, column of “Category of Investor” in the Application Form. manner, ranking and denomination whatsoever and to any eligible persons whatsoever, subject to applicable dated November 18, 2011. Subject to compliance with all applicable Indian laws, rules, regulations All Applications by Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative Banks consent, approvals or permission that may be required under any statutory/regulatory/contractual requirement guidelines and approvals in terms of Regulation 15A(1) of the Securities and Exchange Board of India and Regional Rural Banks, Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, insurance and to change its capital structure including through the issue of shares of any class, on such terms and (Foreign Institutional Investors) Regulations, 1995, as amended (the “SEBI FII Regulations”), an FII, as companies registered with the IRDA, National Investment Fund, Mutual Funds, Foreign Institutional Investors, conditions as the Company may deem appropriate, without requiring the consent of, or imitation to, the defined in the SEBI FII Regulations, may issue or otherwise deal in offshore derivative instruments (as insurance funds setup and managed by the army, navy or air force of the Union of India, multilateral and bilateral Bondholders or the Debenture Trustee in this connection. 18.9 Jurisdiction: The Bonds, the Trust Deed and defined under the SEBI FII Regulations as any instrument, by whatever name called, which is issued development financial institutions and state industrial development corporations applicants shall be received only other relevant documents shall be governed by and construed in accordance with the laws of India. For the overseas by a FII against securities held by it that are listed or proposed to be listed on any recognized stock by the Lead Managers and their respective affiliates. • APPLICANTS MAY NOTE THAT THE ALLOTMENT SHALL purpose of this Issue and any matter related to or ancillary to the Issue, the Courts of New Delhi, India shall exchange in India, as its underlying) directly or indirectly, only in the event (i) such offshore derivative BE ON THE BASIS AS DESCRIBED UNDER THE HEADING-”BASIS OF ALLOTMENT”. • Applications for have exclusive jurisdiction. instruments are issued only to persons who are regulated by an appropriate regulatory authority; and (ii) all the Series of Bonds may be made in a single Application Form only. ISSUE PROCEDURE: such offshore derivative instruments are issued after compliance with ‘know your client’ norms. An FII is also required to ensure that no further issue or transfer of any offshore derivative instrument is made by or IRFC would allot Tranche 1 Series II Bonds to all valid applications, wherein the applicants have not indicated their IRFC and the Lead Managers would not be liable for any amendment, modification or change in applicable choice of the relevant series of Bonds in their Application Form. law, which may occur after the date of the Prospectus Tranche - 1. Investors are advised to make their on behalf of it to any persons that are not regulated by an appropriate foreign regulatory authority as independent investigations and ensure that their Application does not exceed the investment limits or defined under the SEBI FII Regulations. Further, as per FEMA, a FII may purchase, on repatriation basis, General Instructions: maximum number of Bonds that can be held by them under applicable law or as specified in the Prospectus these Bonds, either directly from the issuer of such securities or through a registered stock broker on a 39. Dos: • Check if you are eligible to apply; • Read all the instructions carefully and complete the Application Form; Tranche - 1. recognised stock exchange in India; Provided that i) the FII shall restrict allocation of its total investment • If the allotment is sought in dematerialized form, ensure that the details about Depository Participant and 19. Availability of Prospectus and Application Forms: The abridged prospectus containing the salient features between equity and debt instruments (including dated Government Securities and Treasury Bills in the Beneficiary Account are correct and the beneficiary account is active; • Applications are required to be in single of the Prospectus together with Application Forms and copies of the Prospectus may be obtained from our Indian capital market) in the ratio of 70:30, and ii) if the FII desires to invest upto 100 per cent in dated or joint names (not more than three) • In case of an HUF applying through its Karta, the Applicant is required to Registered Office, Lead Managers to the Issue and the Consortium Members for the Issue as mentioned Government Securities including Treasury Bills, non-convertible debentures/bonds issued by an Indian specify the name of an Applicant in the Application Form as ‘XYZ Hindu Undivided Family applying through PQR’, on the Application Form. In addition, Application Forms would also be made available to all the recognized company, it shall form a 100% debt fund and get such fund registered with SEBI. where PQR is the name of the Karta; • Ensure that the Applications are submitted to the Bankers to the Issue before stock exchanges. We may provide Application Forms for being downloaded and filled at such websites as 29. Companies, bodies corporate and societies registered under the applicable laws in India: The application the closure of banking hours on the Issue Closing Date; • Ensure that the Applicant’s name(s) given in the we may deem fit. In addition, Brokers having online demat account portals may also provide a facility of must be accompanied by certified true copies of: (i) Any Act/Rules under which they are incorporated; (ii) Application Form is exactly the same as the name(s) in which the beneficiary account is held with the Depository submitting the application forms virtually online to their account holders. Board Resolution authorising investments; and (iii) Specimen signature of authorized person. Participant. In case the Application Form is submitted in joint names, ensure that the beneficiary account is also 30. Applications by Trusts: In case of Applications made by trusts, settled under the Indian Trusts Act, 1882, held in same joint names and such names are in the same sequence in which they appear in the Application Form 20. Who can apply: The following categories of persons are eligible to apply in the Issue: Category I: • Public • Ensure that you mention your PAN allotted under the IT Act, Please note that it is mandatory for all applicants Financial Institutions as defined in section 4A of the Companies Act, Statutory Corporations, Commercial as amended, or any other statutory and/or regulatory provision governing the settlement of trusts in India, Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the Bonds; • must submit a (i) certified copy of the registered instrument for creation of such trust, (ii) Power of Attorney, to furnish their PAN number as per CBDT circular. • Ensure that the Demographic Details as provided in the Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are authorised to invest if any, in favour of one or more trustees thereof, (iii) such other documents evidencing registration thereof Application Form are updated, true and correct in all respects. • Ensure that you have obtained all necessary in the Bonds; • Insurance companies registered with the IRDA; • National Investment Fund; • Mutual Funds; under applicable statutory/regulatory requirements and (iv) Specimen signature of authorized person. approvals from the relevant statutory and/or regulatory authorities to apply for, subscribe to and/or seek allotment • Foreign Institutional Investors (including sub-accounts); • Insurance funds set up and managed by army, Failing this, IRFC reserves the right to accept or reject any Applications in whole or in part, in either case, of Bonds pursuant to the Issue. • Applicant’s Bank Account Details: The Bonds shall be allotted in dematerialised navy or air force of the Union of India; • Multilateral and bilateral development financial institutions; • State without assigning any reason therefor. Further, any trusts applying for Bonds pursuant to the Issue must and physical form. For instructions on how to apply for Allotment in the physical form, please refer – Applications industrial development corporations • Companies, bodies corporate and societies registered under the ensure that (a) they are authorised under applicable statutory/regulatory requirements and their constitution for Allotment of Bonds in the physical form” on page 55 of Prospectus Tranche - 1. The Applicant should note that applicable laws in India and authorised to invest in the Bonds; • Registered trusts which are authorised instrument to hold and invest in bonds, (b) they have obtained all necessary approvals, consents or other on the basis of the name of the Applicant, Depository Participant’s name, Depository Participant’s identification to invest in the Bonds; • Scientific and/or industrial research organisations, which are authorised to invest authorisations, which may be required under applicable statutory and/or regulatory requirements to invest number and beneficiary account number provided by them in the Application Form, the Registrar to the Issue will in the Bonds; • Partnership firms in the name of the partners; • Limited liability partnerships formed and in bonds, and (c) applications made by them do not exceed the investment limits or maximum number of obtain from the Applicant’s beneficiary account, the Applicant’s bank account details. The Applicants are advised registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009). Category II: Bonds that can be held by them under applicable statutory and or regulatory provisions. to ensure that bank account details are updated in their respective beneficiary accounts as these bank account The following investors applying for an amount aggregating to above ` 5 lakhs across all Series in each 31. Scientific and/or industrial research organizations, which are authorized to invest in the Bonds: The application details would be printed on the refund order(s), if any. Failure to do so could result in delays in credit of refunds tranche • Resident Indian individuals; • Hindu Undivided Families through the Karta; and • Non Resident must be accompanied by certified true copies of: (i) Any Act/Rules under which they are incorporated; (ii) to Applicants at the Applicants sole risk and neither the Lead Managers nor IRFC nor the Refund Bank nor the Indians on repatriation as well as non-repatriation basis. Category III: The following investors applying for Board Resolution authorising investments; and (iii) Specimen signature of authorized person. Registrar to the Issue shall have any responsibility and undertake any liability for such delay. • Applications under an amount aggregating to upto and including ` 5 lakhs across all Series in each tranche: • Resident Indian 32. Partnership firms in the name of the partners and Limited liability partnerships formed and registered under Power of Attorney: Unless IRFC specifically agree in writing, and subject to such terms and conditions as IRFC may individuals; • Hindu Undivided Families through the Karta; and • Non Resident Indians on repatriation the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009): The application must be accompanied deem fit, in the case of Applications made under power of attorney, a certified copy of the power of attorney is as well as non-repatriation basis. Note: Participation of any of the aforementioned persons or entities is by certified true copies of: (i) Partnership Deed; (ii) Any documents evidencing registration thereof under required to be lodged separately and relevant documents as specified on page 51 of the Prospectus Tranche - subject to the applicable statutory and/or regulatory requirements in connection with the subscription to applicable statutory/regulatory requirements; (iii) Resolution authorising investment and containing operating 1, along with the submission of the Application Form, indicating the name of the Applicant along with the address, Indian securities by such categories of persons or entities. instructions (Resolution); (iv) Specimen signature of authorized person. Application number, date of submission of the Application Form, name of the bank and branch where it was Applicants are advised to ensure that applications made by them do not exceed the investment limitsor maximum 33. Applications under Power of Attorney : In case of Investments made pursuant to a power of attorney by deposited, cheque/demand draft number and the bank and branch on which the cheque/demand draft was drawn. number of Bonds that can be held by them under applicable statutory and or regulatory provisions. Applicants Category I investors, a certified copy of the power of attorney or the relevant resolution or authority, as the case • Permanent Account Number: All Applicants should mention their PAN allotted under the Income Tax Act in the are advised to ensure that they have obtained the necessary statutory and/or regulatory permissions/consents/ may be, along with a certified copy of the memorandum of association and articles of association and/or bye Application Form. In case of joint applicants, the PAN of all the Applicants should be provided and for HUFs, PAN approvals in connection with applying for, subscribing to, or seeking allotment of Bonds pursuant tothe Issue. laws and/or charter documents, as applicable, must be lodged along with the Application Form. In case of of the HUF should be provided. The PAN would be the sole identification number for participants transacting in The Lead Managers and their respective associates and affiliates are permitted to subscribe in the Issue. Investments made pursuant to a power of attorney by Category II and Category III investors, a certified copy the securities markets, irrespective of the amount of the transaction. Any Application Form without the PAN is liable of the power of attorney must be lodged along with the Application Form. Brokers having online demat account to be rejected. Further as per CBDT notification it is mandatory for all subscribers to provide their PAN numbers In pursuance of circular no. CIR /IMD/DF/22/2011 dated December 26, 2011 by the Securities and Exchange Board to IRFC. Applicants should not submit the GIR Number instead of the PAN as the Application is liable to be of India, it is strictly advised that the Lead Managers, their broking affiliates, consortium members, sub-consortium portals may also provide a facility of submitting the application forms virtually online to their account holders. members orany other person connected with distribution of the Issue shall not offerany incentive,whether direct Under this facility, a broker receives an online instruction through its portal from the applicant for making an rejected on this ground. • Joint Applications: Applications may be made in single or joint names (not exceeding application on his/her behalf. Based on such instruction, and a Power of Attorney granted by the applicant to three). In the case of joint Applications, all refunds/interests/redemption amounts will be made out in favour of orindirect, in any manner, whether in cash or kind or services or otherwise to any person for making an application the first Applicant. All communications will be addressed to the first named Applicant whose name appears in for allotment of Bonds offered in terms of the Prospectus and Tranche Prospectus(es). However, they may pay authorize the Broker, the Broker submits an application form to the Bankers to the Issue. fees or commission for services rendered in relation to the Issue. The information below is given for the benefit 34. Applications by NRIs on repatriation as well as non-repatriation basis: The application must be accompanied the Application Form at the address mentioned therein. • Multiple Applications: An Applicant may make multiple of the investors. IRFC, the Lead Managers are not liable for any amendment or modification or changes by certified true copies of: (i) When payment is through demand draft then the certificate from the bank that applications for the total number of Bonds required and the same shall be considered valid. For the purposes of in applicable laws or regulations, which may occur after the date of the Prospectus Tranche - 1. the draft has been made by debiting the NRE account; (ii) PIO Card (if application by PIO). We propose to issue allotment of Bonds under the Issue, applications shall be grouped based on the PAN, i.e. applications under the Bonds to NRIs on a repatriable as well as non-repatriable basis. NRI applicants should note that only such same PAN shall be grouped together. Two or more applications will be deemed to be multiple applications if 21. Applications cannot be made by: a) Minors without a guardian name; b) Foreign nationals; c) Persons the sole or first applicant is one and the same. For the sake of clarity, two or more applications shall be deemed resident outside India other than NRIs; d) Overseas Corporate Bodies applications as are accompanied by payment in Indian Rupees only shall be considered for Allotment. An NRI can apply for Bonds offered in the Issue subject to the conditions and restrictions contained in the FEMA to be a multiple application for the aforesaid purpose if the PAN number of the sole or the first applicant is one 22. Applications by Public Financial Institutions, Statutory Corporations, which are authorized to invest in the and the same. • Applicants are requested to write their names and Application serial number on the reverse of the Bonds The application must be accompanied by certified true copies of: (i) Any Act/Rules under which they (Borrowing or Lending in Rupees) Regulations, 2000, and other applicable statutory and/or regulatory requirements including the interest rate requirement as provided in the CBDT Notification. Allotment of Bonds instruments by which the payments are made. • All Applicants are requested to tick the relevant column “Category are incorporated; (ii) Board Resolution authorising investments; and (iii) Specimen signature of authorized of Investor” in the Application Form. • Tick the Series of Bonds in the Application Form that you wish to apply for. person to NRIs shall be subject to the application monies paid by the NRI as described below: 1. In case of NRIs applying under repatriation basis: If it is received either by inward remittance of freely convertible foreign 40. Don’ts: • Do not apply for lower than the minimum application size; • Do not pay the application amount 23. Application by Commercial Banks, Co-operative Banks and Regional Rural Banks Commercial Banks, Co- exchange through normal banking channels i.e. through rupee denominated demand drafts/cheque drawn in cash, by money order, postal order, stock invest; • Do not fill up the Application Form such that the Bonds operative banks and Regional Rural Banks can apply in this public issue based upon their own investment on a bank in India or by transfer of funds held in the investor’s rupee denominated accounts i.e. Non Resident applied for exceeds the issue size and/or investment limit or maximum number of Bonds that can be held under limits and approvals. The application must be accompanied by certified true copies of (i) Any Act/Rules External (NRE) account maintained with an RBI authorised dealer or a RBI authorised bank in India. Payment the applicable laws or regulations or maximum amount permissible under the applicable regulations; • Do under which they are incorporated (ii) Board Resolution authorising investments; (iii) Letter of Authorisation. will not be accepted out of Non- Resident Ordinary (NRO) Account of the Non-Resident Indians applying on not submit the GIR number instead of the PAN, as the Application Form is liable to be rejected on this ground; Failing this, IRFC reserves the right to accept or reject any Application in whole or in part, in either case, a repatriation basis. Payment by demand draft by a Non-Resident on repatriable basis should be accompanied • Do not submit the Application Forms without the full Application Amount; and • Do not fill up the Application without assigning any reason thereof. by a bank certificate confirming that the draft has been issued by debiting a NRE Account. PIO Card would Form such that the Bonds applied for exceeds the issue size and/or investment limit or maximum number of 24. Applications by Provident Funds, Pension Funds, Superannuation Funds and Gratuity Fund, which are require to be furnished if the application is made by the PIO. 2. In case of NRIs applying under non-repatriation Bonds that can be held under the applicable laws or regulations or maximum amount permissible under the authorized to invest in the Bonds and National Investment Fund: The application must be accompanied by basis- If it is received either by inward remittance of freely convertible foreign exchange through normal banking applicable regulations. For further instructions, investors are advised to read the Prospectus Tranche - 1 and certified true copies of: (i) Any Act/Rules under which they are incorporated; (ii) Board Resolution authorising channels i.e. through rupee denominated demand drafts/cheque drawn on a bank in India or by transfer of Application Form carefully. investments; and (iii) Specimen signature of authorized person funds held in the investor’s rupee denominated accounts i.e. Non-resident Ordinary (NRO) account and Non 41. Applications for Allotment of Bonds in the physical form: Applicant(s) who wish to subscribe to, or hold, the 25. Application by Insurance Companies: In case of Applications made by insurance companies registered Resident External (NRE) maintained with an RBI authorised dealer or a RBI authorised bank in India. In the Bonds in physical form can do so in terms of Section 8(1) of the Depositories Act and IRFC is obligated to fulfill with the Insurance Regulatory and Development Authority, a certified copy of certificate of registration case of Bids by NRIs applying on a non-repatriation basis, payment by demand drafts should be accompanied such request of the Applicant(s). Accordingly, any Applicant who wishes to subscribe to the Bonds in physical issued by Insurance Regulatory and Development Authority must be lodged along with Application Form. by a bank certificate confirming that the draft has been issued by debiting an NRE or a NRO Account. PIO Card form shall undertake the following steps: (i) Please complete the Application Form in all respects, by providing The applications must be accompanied by certified copies of (i) Any Act/Rules under which they are would require to be furnished if the application is made by the PIO. all the information including PAN and demographic details. However, do not provide the Depository Participant incorporated; (ii) certificate of registration issued by the Insurance Regulatory and Development Authority; Applications by NRI in physical form shall be submitted only at the Collection Centres located at Mumbai, Delhi, details in the Application Form. The requirement for providing Depository Participant details shall be mandatory (iii) Memorandum and Articles of Association (iv) Power of Attorney (v) Resolution authorising investment Ahemdabad, Hyderabad, Chennai, Bangalore, Chandigarh and Kochi. only for the Applicants who wish to subscribe to the Bonds in dematerialised form. (ii) Please provide the and containing operating instructions (vi) Specimen signatures of authorised signatories. Failing this, The Issuer does not make any representations and does not guarantee eligibility of any foreign investor, including following documents along with the Application Form: (a) Self-attested copy of the PAN card; (b) Self-attested IRFC reserves the right to accept or reject any Application in whole or in part, in either case, without inter-alia NRIs and FIIs for investment into the Issue either on a repatriation basis or on a non-repatriation basis. copy of the proof of residence. Any of the following documents shall be considered as a verifiable proof of assigning any reason thereof. All foreign Investors have to verify their eligibility and ensure compliance with all relevant and applicable RBI residence: • ration card issued by the GoI; or • valid driving license issued by any transport authority of the 26. Applications by Mutual Funds : In terms of SEBI (Mutual Fund) Regulation, 1996, as amended, no - FEMA notifications and guidelines as well as all relevant and applicable SEBI guidelines notifications and Republic of India; or • electricity bill (not older than three months); or • landline telephone bill (not older than mutual fund scheme shall invest more than 15% of its NAV in debt instruments issued by a single company circulars pertaining to their eligibility to invest in the Issue at the stage of investment in everytranche, at the time three months); or • valid passport issued by the GoI; or • Voter’s Identity Card issued by the GoI; or • passbook which are rated not below investment grade by a credit rating agency authorised to carry out such activity. of remittance of their investment proceeds as well as at the time of disposal of the Bonds. The Issuer will not or latest bank statement issued by a bank operating in India; • leave and license agreement or agreement for Such investment limit may be extended to 20% of the NAV of the scheme with the prior approval of the check or confirm eligibity of such investments into the Issue. sale or rent agreement or flat maintenance bill; • Self-attested copy of Registered Office address in case of Board of Trustees and the Board of Asset Management Company. A separate application can be made 35. Issue and Allotment of Bonds to NRI applicants: We confirm that: i. the rate of interest on each series applicants under Category I; or • Life Insurance Policy. (c) Self-attested copy of a cancelled cheque of the bank in respect of each scheme of an Indian mutual fund registered with SEBI and such applications shall not of Bonds does not exceed the prime lending rate of the State Bank of India as on the date on which the account to which the amounts pertaining to payment of refunds, interest and redemption, as applicable, be treated as multiple applications. Applications made by the AMCs or custodians of a Mutual Fund shall resolution approving the Issue was passed by our Board, plus 300 basis points; ii. the period for redemption should be credited. The Applicant shall be responsible for providing the above information accurately. Delays clearly indicate the name of the concerned scheme for which application is being made. In case of of each series of Bonds is not less than 3 years; iii. IRFC does not and shall not carry on agricultural / or failure in credit of the payments due to inaccurate details shall be at the sole risk of the Applicants and neither Applications made by Mutual Fund registered with SEBI, a certified copy of their SEBI registration plantation /real estate business/Trading in Transferable Development Rights (TDRs) and does not and the Lead Managers nor IRFC shall have any responsibility and undertake any liability for the same. Applications certificate must be submitted with the Application Form. The applications must be also accompanied by shall not act as Nidhi or Chit Fund company; iv. We will file the following with the nearest office of the for Allotment of the Bonds in physical form, which are not accompanied with the aforestated documents, may certified true copies of (i) SEBI Registration Certificate and trust deed (ii) resolution authorising investment Reserve Bank, not later than 30 days from the date - A. of receipt of remittance of consideration received be rejected at the sole discretion of IRFC. In relation to the issuance of the Bonds in physical form, note the and containing operating instructions and (iii) specimen signatures of authorised signatories. Failing this, from NRIs in connection with the Issue, full details of the remittances received, namely; (a) a list containing following: (i) An Applicant has the option to seek Allotment of Bonds in either electronic or physical mode. IRFC reserves the right to accept or reject any Application in whole or in part, in either case, without names and addresses of each NRI applicant who have remitted funds for investment in the Bonds on non- No partial Application for the Bonds shall be permitted and is liable to be rejected. (ii) In case of Bonds that assigning any reason thereof. repatriation basis and repatriation basis, (b) amount and date of receipt of remittance and its rupee are being issued in physical form, IRFC will issue one certificate to the Bondholder for the aggregate amount 27. Applications by FII : A registered Foreign Institutional Investor who purchases the Bonds under this Issue equivalent; and (c) names and addresses of authorised dealers through whom the remittance has been of the Bonds for each Series that are applied for (each such certificate a “Consolidated Bond Certificate”). (iii) shall make the payment for purchase of such securities either by inward remittance through normal banking received; The application money for the Bonds has to be paid in cheque or demand drafts only, in rupee Any Applicant who provides the Depository Participant details in the Application Form shall be Allotted the Bonds channels or out of funds held in Foreign Currency Account or Non-resident Rupee Account maintained by denominated currency only; and B. of closure of the Issue, full details of the monies received from NRI in dematerialised form only. Such Applicant shall not be Allotted the Bonds in physical form. (iv) No separate the Foreign Institutional Investor with a designated branch of an authorised dealer in terms of the applicable applicants, namely; (a) a list containing names and addresses of each NRI allottee and number of Bonds Applications for issuance of the Bonds in physical and electronic form should be made. If such Applications regulations governing the same. The application must be accompanied by certified true copies of: (i) SEBI issued to each of them on non-repatriation basis and repatriation basis, and (b) a certificate from our are made, the Application for the Bonds in physical mode shall be rejected. This shall be considered as a registration certificate; (ii) Inward remittance certificate (iii) Resolution authorizing the investment (iv) compliance officer that all provisions of the FEMA Act, and rules and regulations made thereunder in ground for technical rejection. (v) IRFC shall dispatch the Consolidated Bond Certificate to the address of the Specimen signatures of authorized signatories. connection with the issue of nonconvertible debentures have been duly complied with. We further confirm Applicant provided in the Application Form. The Issuer does not make any representations and does not guarantee eligibility of any foreign investor, including that the monies received from NRIs who are allotted Bonds pursuant to the Issue, will not be utilised for Allottees will have the option to dematerialise the Bonds so Allotted as per the provisions of the Depositories Act. inter-alia NRIs and FIIs for investment into the Issue either on a repatriation basis or on a non-repatriation basis. any investment, whether by way of capital or otherwise, in any company or partnership firm or proprietorship All terms and conditions disclosed in relation to the Bonds held in physical form pursuant to rematerialisation All foreign Investors have to verify their eligibility and ensure compliance with all relevant and applicable RBI concern or any entity, whether incorporated or not, or for the purpose of re-lending. shall be applicable mutatis mutandis to the Bonds issued in physical form. - FEMA notifications and guidelines as well as all relevant and applicable SEBI guidelines notifications and TDS deduction on interest on Application Money/refund: Applicants exempt from TDS deduction on interest 42. Applications for Allotment of Bonds in the dematerialised form: As per the provisions of the Depositories Act, circulars pertaining to their eligibility to invest in the Issue at the stage of investment in everytranche, at the time on Application money/refund, etc, are required to submit the requisite documents: the Bonds can be held in dematerialised form, i.e., they shall be fungible and be represented by a statement of remittance of their investment proceeds as well as at the time of disposal of the Bonds. The Issuer will not 36. Application Size: Applications are required to be for a minimum of ten Bonds and multiples of five Bonds thereafter. issued through electronic mode. In this context, the Tripartite Agreements have been executed between IRFC, check or confirm eligibity of such investments into the Issue. the Registrar to the Issue and the respective Depositories (CDSL/NSDL) for offering depository option to the 28. Investments by FIIs : As per the current regulations, the following restrictions are applicable for investments 37. Application Form : The prescribed colour of the Application Form for the various categories is as follows: Bondholders, for issue and holding the Bonds in dematerialized form. a) All Applicants can seek Allotment by FIIs: The present limit for investment in corporate debt Instruments like non-convertible debentures/ CATEGORY COLOUR OF in dematerialised mode or in physical form. Applications made for receiving Allotment in the dematerialised bonds by FIIs is USD 25 billion. Following the announcement by the Union Finance Minister Shri Pranab APPLICATION FORM: form without relevant details of his or her depository account are liable to be rejected. b) An Applicant applying Mukherjee in his budget 2011-12, the Government in consultation with the regulators had raised the limit Following investors under Category I: Public Financial Institutions, Statutory Pink for the Bonds must have at least one beneficiary account with either of the Depository Participants of either for FII investment in long-term corporate bonds issued by companies in the infrastructure sector from USD Corporations, Commercial Banks, Co-operative Banks and Regional Rural of the Depositories, prior to making the Application. c) The Applicant must necessarily fill in the details 5 billion to USD 25 billion. This scheme was operationalised vide SEBI circular CIR/IMD/FIIC/5/2011 Banks, Provident Funds, Pension Funds, Superannuation Funds and Gratuity (including the Beneficiary Account Number and Depository Participant’s identification number) in the Application dated March 31, 2011. The present limit for investment in corporate debt Instruments like non-convertible Fund, which are authorised to invest in the Bonds, insurance companies Form. d) Allotment to an Applicant will be credited in electronic form directly to the beneficiary account (with debentures / bonds by FIIs is USD 25 billion as per SEBI circular CIR/IMD/FIIC/18 /2011, dated September registered with the IRDA, National Investment Fund, Mutual Funds, the Depository Participant) of the Applicant. e) Names in the Application Form should be identical to those 30, 2011, which is split as follows : i. 3 billion is separate for Qualified Foreign Investor (“QFI”) investing Foreign Institutional Investors, insurance funds setup and managed by the appearing in the account details in the Depositories. In case of joint holders, the names should necessarily through the mutual fund route. With regard to the carve out investment limits of USD 5 billion out of the army, navy or air force of the Union of India, multilateral and bilateral be in the same sequence as they appear in the account details in the Depositories. f) If incomplete or incorrect remaining USD 22 billion for FII investments in Long-term infrastructure bonds the investment limits are development financial institutions and state industrial development details are given under the heading ‘Applicant’s Depository Account Details’, in the Application Form, it is provided in the subsequent paragraphs(ii and iii); ii. FIIs can invest in long-term infra bonds, subject to the corporations which are eligible to invest in the Bonds. liable to be rejected. g) The Applicant is responsible for the correctness of his or her demographic details given USD 5 billion limit, in bonds which have an initial maturity of five years or more at the time of issue and Category I (excluding the abovementioned Category I investors), White in the Application Form vis-à-vis those with his or her Depository Participant. h) Bonds in electronic form can residual maturity of one year at the time of first purchase by FIIs. These investments are subject to a lock- Category II and Category III. be traded only on the stock exchange having electronic connectivity with the Depositories. BSE and NSE, in period of one year. FIIs can, however, trade amongst themselves but cannot sell to domestic investors where the Bonds are proposed to be listed, has electronic connectivity with the Depositories. i) The trading during the lock-in period of one year. iii. Further, FIIs can invest in Long-term infrastructure bonds upto the 38. Instructions for Completing the Application Form: • Applications to be made in prescribed form only • The forms to be completed in block letters in English as per the instructions contained herein and in the Application of the Bonds shall be in dematerialised form only. Allottees will have the option to re-materialise the Bonds so balance USD 17 billion which have an initial maturity of five years or more at the time of issue and residual Allotted as per the provisions of the Depositories Act. In addition to the above, certain additional documents are maturity of three years at the time of first purchase by FIIs. These investments are also subject to a lock- Form, and are liable to be rejected if not so completed. Applicants should note that the Bankers to the Issue in period of three year. FIIs can, however, trade amongst themselves but cannot sell to domestic investors will not be liable for errors in data entry due to incomplete or illegible Application Forms • Applications are required to be submitted by the following entities: (a) With respect to Investments by FIIs and Mutual Funds, INDIAN RAILWAY FINANCE CORPORATION LIMITED 5
- 6. IN THE NATUREOF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS a certified copy of their SEBI registration certificate must be lodged along with the Application Form. (b) With forms for this use and submit the same together with cheques/demand drafts to the Bankers to the Issue Particulars Category I Category II Category III respect to Investments by insurance companies registered with the Insurance Regulatory and Development and their collecting centres. However, Public Financial Institutions, Statutory Corporations, Commercial Authority, in addition to the above, a certified copy of the certificate of registration issued by the Insurance Banks, Co-operative Banks and Regional Rural Banks, Provident Funds, Pension Funds, Superannuation Size in % 45% of the Overall 25% of the Overall 30% of the Overall Regulatory and Development Authority must be lodged along with the Application Form. (c) With respect Funds and Gratuity Fund, insurance companies registered with the IRDA, National Investment Fund, Issue Size Issue Size Issue Size to Investments made by limited liability partnerships registered under the Limited Liability Partnership Act, Mutual Funds and Foreign Institutional Investors, insurance funds setup and managed by the army, 54. Basis of Allotment for Bonds 2008, a certified copy of certificate of registration must be lodged along with the Application Form. navy or air force of the Union of India, multilateral and bilateral development financial institutions (a) Allotments in the first instance: i. Applicants belonging to the Category I, in the first instance, will be 43. Consolidated List of Documents Required for Various Categories and state industrial development corporations can apply only through pink coloured physical application allocated Bonds upto 45% of the Overall Issue Size on first come first serve basis (determined on the basis For the sake of simplicity, we hereby provide the details of documents required to be submitted by various forms provided by the Lead Managers and their respective affiliates. of date of receipt of each application duly acknowledged by the Bankers to the Issue); ii. Applicants categories of investors while submitting the Application Form. 49. Other Instructions belonging to the Category II, in the first instance, will be allocated Bonds upto 25% of the Overall Issue Type of Investors, Documents to be submitted with application form (in addition to the documents required for A. Joint Applications : Applications may be made in single or joint names (not exceeding three). In the Size on first come first serve basis (determined on the basis of date of receipt of each application duly applications for Allotment of Bonds in physical form); Public Financial Institutions, Statutory Corporations, case of joint applications, all payments will be made out in favour of the first applicant. All communications acknowledged by the Bankers to the Issue); and iii. Applicants belonging to the Category III, in the first Commercial Banks, Co-operative Banks and Regional Rural Banks, which are authorised to invest in the will be addressed to the first named applicant whose name appears in the Application Form and at the instance, will be allocated Bonds upto 30% of the Overall Issue Size on first come first serve basis Bonds, Companies; bodies corporate and societies registered under the applicable laws in India and address mentioned therein. B. Additional/Multiple Applications : An applicant is allowed to make one (determined on the basis of date of receipt of each application duly acknowledged by the Bankers to the authorised to invest in the Bonds; Scientific and/or industrial research organisations, which are authorised or more applications for the Bonds for the same or other series of Bonds, subject to a minimum application Issue); Allotments, in consultation with the Designated Stock Exchange, shall be made on a first-come to invest in the Bonds, Multilateral and bilateral development financial institutions, State industrial size of ten Bonds and in multiples of five Bond thereafter, for each application. Any application for an first-serve basis, based on the date of presentation of each application to the Bankers to the Issue, in each development corporations ; The application must be accompanied by certified true copies of: • Any Act/Rules amount below the aforesaid minimum application size will be deemed as an invalid application and Portion subject to the Allocation Ratio. (b) Under Subscription: If there is any under subscription in any under which they are incorporated • Board Resolution authorising investments • Specimen signature of shall be rejected. However, any application made by any person in his individual capacity and an Portion, priority in allotments will be given in the following order: i. Category III Portion ii. Category II authorized person ; Insurance companies registered with the IRDA, The applications must be accompanied application made by such person in his capacity as a karta of a Hindu Undivided family and/or as joint Portion iii. Category I Portion (c) For each Portion, applications received on the same day by the Bankers by certified copies of • Any Act/Rules under which they are incorporated • Registration documents (i.e. IRDA applicant, shall not be deemed to be a multiple application. For the purposes of allotment of Bonds to the Issue would be treated at par with each other. Allotment within a day would be on proportionate registration)• Resolution authorising investment and containing operating instructions (Resolution) • Specimen under the Issue, applications shall be grouped based on the PAN, i.e. applications under the same PAN basis, where Bonds applied for exceeds Bonds to be allotted for each Portion respectively. (d) Minimum signature of authorized person ; Provident Funds, Pension Funds, Superannuation Funds and Gratuity shall be grouped together and treated as one application. Two or more applications will be deemed to allotments of 10 Bonds and in multiples of 1 Bond thereafter would be made in case of each valid Fund, which are authorised to invest in the Bonds; andNational Investment Fund, The application must be be multiple applications if the sole or first applicant is one and the same. For the sake of clarity, two or application. (e) Allotments in case of oversubscription: In case of an oversubscription, allotments to the accompanied by certified true copies of : • Any Act/Rules under which they are incorporated • Board more applications shall be deemed to be a multiple application for the aforesaid purpose if the PAN maximum extent possible, will be made on a first-come first-serve basis and thereafter on proportionate Resolution authorising investments • Specimen signature of authorized person ; Mutual Funds, The applications number of the sole or the first applicant is one and the same. C. Depository Arrangements: We have basis i.e. full allotment of Bonds to the applicants on a first-come first-serve basis upto the date falling must be also accompanied by certified true copies of:• SEBI Registration Certificate and trust deed (SEBI entered into Tripartite Agreement dated January 23, 2002 among us, the Registrar to the Issue and 1 (one) day prior to the date of oversubscription and proportionate allotment of Bonds to the applicants Registration) • Resolution authorising investment and containing operating instructions (Resolution) • NSDL and dated May 8, 2003, among us, the Registrar to the Issue and CDSL, respectively for offering on the date of oversubscription (based on the date of submission of each application to the Bankers to Specimen signature of authorized person ; Foreign Institutional Investors (including sub-accounts); The depository option to the investors and for issue and holding of the Bonds in dematerialized form. As per the Issue, in each Portion). (f) Proportionate Allotments: For each Portion, on the date of oversubscription, applications must be also accompanied by certified true copies of:• SEBI Registration Certificate (SEBI the provisions of the Depositories Act, 1996, the Bonds issued by us can be held in a dematerialized form allotment shall be made on a proportionate basis. The method of proportionate allotment is as described Registration) • Inward Remittance certificate • Resolution authorising investment and containing operating as described under the heading - “Applications for Allotment of Bonds in dematerialized form” on page 56 below: i. Allotments to the applicants shall be made in proportion to their respective application size, instructions (Resolution) • Specimen signature of authorized person ; Registered trusts which are authorised of the Prospectus Tranche - 1. D. Communications : All future Communications in connection with rounded off to the nearest integer, ii. If the process of rounding off to the nearest integer results in the to invest in the Bonds; The applicants must submit a • Certified copy of the registered instrument for creation Applications made in the Issue should be addressed to the Registrar to the Issue quoting all relevant actual allocation of Bonds being higher than the Issue size, not all applicants will be allotted the number of such trust • Power of Attorney, if any, in favour of one or more trustees • Such other documents evidencing details as regards the applicant and its application. Applicants can contact the Compliance Officer of of Bonds arrived at after such rounding off. Rather, each applicant whose allotment size, prior to rounding registration thereof under applicable statutory/regulatory requirements.• Specimen signature of authorized IRFC/Lead Managers or the Registrar to the Issue in case of any Pre-Issue related problems. In case of off, had the highest decimal point would be given preference, iii. In the event, there are more than one person ; Partnership firms in the name of the partnersLimited liability partnerships formed and registered Post-Issue related problems such as non-receipt of Allotment Advice/credit of Bonds in depository’s applicant whose entitlement remain equal after the manner of distribution referred to above, the Company under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009) • Partnership Deed • Any beneficiary account/refund orders, etc., applicants may contact the Compliance Officer of IRFC/Lead shall ensure that the basis of allotment is finalised by draw of lots in a fair and equitable manner. (g) documents evidencing registration thereof under applicable statutory/regulatory requirements. • Resolution Managers or Registrar to the Issue. Applicant applying for more than one series of Bonds: If an applicant has applied for more than one authorising investment and containing operating instructions (Resolution) • Specimen signature of authorized 50. Rejection of Applications series of Bonds, and in case such applicant is entitled to allocation of only a part of the aggregate number IRFC reserves its full, unqualified and absolute right to accept or reject any Application in whole or in part and in of Bonds applied for, the Series-wise allocation of Bonds to such applicants shall be in proportion to the resolution or authority, as the case may be • A certified copy of the memorandum of association and articles either case without assigning any reason thereof. Application would be liable to be rejected on one or more technical number of Bonds with respect to each Series, applied for by such applicant, subject to rounding off to of association and/or bye laws and/or charter documents, as applicable, must be lodged along with the grounds, including but not restricted to: • Number of Bonds applied for is less than the minimum Application size; the nearest integer, as appropriate in consultation with the Lead Managers and Designated Stock Application Form. Resident Indian individuals under Category II and Category III , N.A. ; Hindu Undivided Exchange. All decisions pertaining to the basis of allotment of Bonds pursuant to the Issue shall be taken • Applications not duly signed by the sole/joint Applicants; • Application amount paid not tallying with the number by the Company in consultation with the Lead Managers and the Designated Stock Exchange and in Families through the Karta under Category II and Category III, N.A ; Non Resident Indians/PIO on repatriation of Bonds applied for; • Applications for a number of Bonds which is not in a multiple of one; • Investor category not as well as non-repatriation basis under Category II and Category III • When payment is through demand draft compliance with the aforementioned provisions of the Prospectus Tranche - 1. The Company has the ticked; • Bank account details not given; • Applications by persons not competent to contract under the Indian Contract discretion to close the Issue irrespective of whether any of the Portion(s) are fully subscribed. The then the certificate from the bank that the draft has been made by debiting the NRE account • PIO Card (if Act, 1872, as amended, including a minor without a guardian name; • In case of Applications under Power of Attorney application by PIO) ; Power Of Attorney under Category II and Category III • A certified copy of the power Company would allot Tranche 1 Series II Bonds to all valid applications, wherein the applicants have where relevant documents not submitted; • Application by stock invest or accompanied by cash/money order/postal not indicated their choice of the relevant Series of Bonds. of attorney has to be lodged with the Application Form order; • Applications without PAN; • GIR number furnished instead of PAN; • Applications for amounts greater than PAYMENT INSTRUCTIONS the maximum permissible amounts prescribed by applicable regulations; • Applications by persons/entities who have 55. Allotment Advice/Refund Orders 44. Escrow Mechanism been debarred from accessing the capital markets by SEBI; • Applications by any persons outside India, barring The unutilised portion of the application money will be refunded to the applicant by an A/c Payee IRFC shall open Escrow Account(s) with one or more Escrow Collection Bank(s) in whose favour the applications made by NRIs on a non-repatriable and applications made by NRIs under a repatriable basis and FIIs cheque/demand draft. In case the at par facility is not available, IRFC reserves the right to adopt any other as described above; • For option to hold Bonds in electronic/dematerialised form, Depository Participant identification suitable mode of payment. We may enter into an arrangement with one or more banks in one or more Applicants shall make out the cheque or demand draft in respect of his or her Application. Cheques or cities for refund to the account of the applicants through Direct Credit/RTGS/NEFT. IRFC shall credit the demand drafts received for the Application Amount from Applicants would be deposited in the Escrow number, Client ID and PAN mentioned in the Application Form do not match with the Depository Participant allotted Bonds to the respective beneficiary accounts/dispatch the Letter(s) of Allotment or Letter(s) of Account. For further details please see the Prospectus Tranche - 1. identification number, Client ID and PAN available in the records with the depositories; • Application under power Regret/Refund Orders to all applicants by Registered Post/Speed Post at the applicant’s sole risk, within 45. Method of payment of purchase consideration for FII of attorney or by limited companies, corporate, trust etc., where relevant documents are not submitted; • Address not 30 days from the date of closure of the Issue. Further, a) Allotment of Bonds offered to the public shall FIIs shall make the payment for purchase of such securities either by inward remittance through normal provided in case of exercise of option to hold Bonds in physical form; • Copy of KYC documents not provided in case be made within a time period of 30 days from the date of closure of the Issue;b) Credit to demat account banking channels or out of funds held in Foreign Currency Account or Non-resident Rupee Account of option to hold Bonds in physical form; and • Applications of Public Financial Institutions, Statutory Corporations, will be given within 2 working days from the date of allotment c) Interest at a rate of 15 per cent per annum maintained by the Foreign Institutional Investor with a designated branch of an authorised dealer with Commercial Banks, Co-operative Banks and Regional Rural Banks, Provident Funds, Pension Funds, Superannuation will be paid if the allotment has not been made and/or the Refund Orders have not been dispatched to the approval of Reserve Bank of India. The payment of the application money shall be made in cheque Funds and Gratuity Fund, Insurance companies registered with the IRDA, National Investment Fund, Mutual Funds the applicants within 30 days from the date of the closure of the Issue, for the delay beyond 30 days. d) or demand draft in rupee denominated currency only. and Foreign Institutional Investors applicants not procured by the Lead Managers or their respective affiliates. • IRFC will provide adequate funds to the Registrars to the Issue, for this purpose. 46. Payment into Escrow Account Applications made by investors belonging to a particular Category on an application form meant for other applicants 56. Filing of the Prospectus Tranche – 1 with the Stock Exchanges : A copy of the Prospectus Tranche – 1 and vice-versa. • Bank certificate not provided along with demand draft for NRI Applicants. • PIO Applications without Each Applicant shall draw a cheque or demand draft for the Application Amount as per the following the PIO Card. • In case of NRI applications if the money is received from NRO account and the account number (in shall be filed with the NSE and BSE. terms: a) All Applicants would be required to pay the full Application Amount for the number of Bonds case of application in physical form) mentioned in the application form is a repatriable account or the status of the 57. Pre-Issue Advertisement IRFC shall, on or before the Issue Opening Date, publish a pre- Issue applied for, at the time of the submission of the Application Form. b) The Applicants shall, with the demat account mentioned is repatriable. • In case of NRI applications, applying in physical form, submitted at advertisement, in the form prescribed by the SEBI Debt Regulations, in one national daily newspaper submission of the Application Form, draw a payment instrument for the full Application Amount in favour collection centres other than the centres designated for submitting the application forms by NRI applicants applying with wide circulation. of the Escrow Account and submit the same to Bankers to the Issue. If the payment is not made favouring in physical form. The collecting bank shall not be responsible for rejection of the Application on any of the technical 58. Withdrawal of Applications by Applicants : Applicants are allowed to withdraw their applications at any the Escrow Account along with the Application Form, the Application shall be rejected. c) The payment grounds mentioned above. Application Forms received after the closure of the Issue shall be rejected. In the event, time prior to the closure of the Issue. instruments from non-NRI and non-FII applicants shall be payable into the Escrow Account drawn in if any Bond(s) applied for is/are not Allotted, the Application monies in respect of such Bonds will be refunded, as 59. IMPERSONATION favour of “IRFC Tax Free Bonds – Escrow Account – Tranche I”. d) The monies deposited in the Escrow may be permitted under the provisions of applicable laws. “Any person who: a) makes in a fictitious name, an application to IRFC for acquiring or subscribing for, Account will be held for the benefit of the Applicants until the Designated Date. e) The payment any shares therein, or b) otherwise induces IRFC to allot, or register any transfer of shares, therein to him, instrument from NRI applicants shall be payable in the NRI Escrow Account drawn in favour of “IRFC Tax 51. Basis of Allotment The subscription list for the Issue shall remain open for subscription at the commencement of banking hours or any other person in a fictitious name, shall be punishable with imprisonment for a term which may Free Bonds – NRI Escrow Account – Tranche I”. f) The payment instrument from FII applicants shall be extend to five years.” payable in the FII Escrow Account drawn in favour of “IRFC Tax Free Bonds – FII Escrow Account – and close at the close of banking hours, with an option for early closure (subject to the Issue being open for a minimum of 3 days) or extension by such period, upto a maximum period of 30 days from the date of 60. Listing Tranche I”. g) On the Designated Date, the Escrow Collection Banks shall transfer the funds from the The Bonds will be listed on NSE and BSE. If the permission to deal in and for an official quotation of Escrow Account as per the terms of the Escrow Agreement into the Public Issue Account with the Bankers opening of the Issue, as may be decided by the Board of the Company, subject to necessary approvals, if to the Issue. The Escrow Collection Bank shall also refund all amounts payable to Applicants whose any. In the event of such early closure of the subscription list of the Issue, IRFC shall ensure that public notice the Bonds is not granted by BSE and NSE, we shall forthwith repay, without interest, all such moneys Applications have not been allotted Bonds. h) Payments should be made by cheque, or a demand draft of such early closure is published on or before the day of such early date of closure through advertisement/ received from the Applicants in pursuance of the Tranche Prospectus (es). IRFC shall use best efforts to s in a leading national daily newspaper. The issue shall remain open for subscription for a minimum period ensure that all steps for the completion of the necessary formalities for listing at the Stock Exchange are drawn on any bank (including a co-operative bank), which is situated at, and is a member of or sub- taken within fifteen Working Days from the date of Allotment. member of the bankers’ clearing house located at the centre where the Application Form is submitted. of 3 days. IRFC shall finalise the Basis of Allotment in consultation with the Lead Managers and the Outstation cheques/bank drafts drawn on banks not participating in the clearing process will not be Designated Stock Exchange and in compliance with the aforementioned provisions of the Prospectus 61. Utilisation of Application Money accepted and applications accompanied by such cheques or bank drafts are liable to be rejected. i) Cash/ Tranche - 1. The Designated Stock Exchange along with IRFC, Lead Managers and the Registrar shall be The sums received in respect of the Issue will be kept in the Escrow Account and IRFC will have access stock invest/money orders/postal orders will not be accepted. responsible for ensuring that the Basis of Allotment is finalised in a fair and proper manner. to such funds only after creation of security for the Bonds and as per applicable provisions of law(s), 47. Submission of Application Forms 52. Grouping of Applications and Allocation Ratio: Applications received from various applicants shall be regulations and approvals. IRFC shall at all times ensure that any monies kept in the NRI Escrow Account grouped together on the following basis: i) Applications received from Category I applicants: Applications shall be utilised only in accordance with the FEMA (Borrowing and Lending in Rupees) Regulations, All Application Forms duly completed and accompanied by account payee cheques or drafts shall be 2000 and other applicable statutory and/or regulatory requirements. submitted to the designated collection banks during the Issue Period. No separate receipts shall be received from Category I, shall be grouped together, (“Category I Portion”); ii) Applications received from Category II applicants: Applications received from Category II shall be grouped together, (“Category II 62. Undertaking by the Issuer issued for the money payable on the submission of Application Form. However, the collection banks will acknowledge the receipt of the Application Forms by stamping and returning to the Applicants the Portion”); iii) Applications received from Category III applicants: Applications received from Category III We undertake that: a) the complaints received in respect of the Issue shall be attended to by us expeditiously acknowledgement slip. This acknowledgement slip will serve as the duplicate of the Application Form applicants shall be grouped together, (“Category III Portion”). For removal of doubt, “Category I Portion”, and satisfactorily; b) we shall take necessary steps for the purpose of getting the Bonds listed within the for the records of the Applicant. Applications shall be deemed to have been received by us only when Category II Portion”, and the “Category III Portion” are individually referred to as “Portion” and collectively specified time; c) the funds required for dispatch of refund orders/allotment advice/certificates by registered submitted to Bankers to the Issue at their designated branches as detailed above and not otherwise. referred to as “Portions” For the purposes of determining the number of Bonds available for allocation post shall be made available to the Registrar to the Issue by IRFC; d) necessary cooperation to the credit to each of the abovementioned Categories, IRFC shall have the discretion of determining the number rating agency(ies) shall be extended in providing true and adequate information until the debt obligations All Applications by Public Financial Institutions, Statutory Corporations, Commercial Banks, Co-operative of Bonds to be allotted over and above the Base Issue Size, in case IRFC opts to retain any oversubscription in respect of the Bonds are outstanding; e) we shall forward the details of utilisation of the funds raised Banks and Regional Rural Banks, Provident Funds, Pension Funds, Superannuation Funds and Gratuity in the Issue upto the Shelf Limit (i.e. upto ` 6,30,000 lakhs). The aggregate value of Bonds decided through the Bonds duly certified by our statutory auditors, to the Trustee at the end of each half year; f) Fund, insurance companies registered with the IRDA, National Investment Fund, Mutual Funds, Foreign to be allotted over and above the Base Issue Size, (in case IRFC opts to retain any oversubscription in we shall disclose the complete name and address of the Trustee in our annual report; and g) we shall Institutional Investors, insurance funds setup and managed by the army, navy or air force of the Union of the Issue), and/or the aggregate value of Bonds upto the Base Issue Size shall be collectively termed provide a compliance certificate to the Trustee (on an annual basis) in respect of compliance of with the India, multilateral and bilateral development financial institutions and state industrial development as the “Overall Issue Size”. terms and conditions of issue of Bonds as contained in the Tranche Prospectus(es). h) We shall make corporations applicants shall be received only by the Lead Managers and their respective affiliates. necessary disclosures/ reporting under any other legal or regulatory requirement as may be required by 48. Online Applications 53. Allocation Ratio Reservations shall be made for each of the Portions in the below mentioned format: IRFC from time to time. Lead Managers may decide to offer an online Application facility for the Bonds, as and when permitted by applicable laws, subject to the terms and conditions prescribed. Accordingly the investors may download FOR FURTHER DETAILS, PLEASE REFER TO THE PROSPECTUS ISSUE MANAGEMENT TEAM LEAD MANAGERS TO THE ISSUE REGISTRAR TO THE ISSUE TRUSTEE FOR THE BONDHOLDERS COMPANY SECRETARY Mr. S K Ajmani, Company Secretary & GM (Term Loans), UG Floor, East Tower, NBCC Place, Pragati Vihar, ,Lodhi Road, New Delhi -110 SBI CAPITAL MARKETS LIMITED A. K. CAPITAL SERVICES LIMITED ICICI SECURITIES LIMITED KARVY COMPUTERSHARE PRIVATE LIMITED INDIAN BANK 003,Tel.: +91 11 2436 9766/69,Fax: +91 11 202, Maker Tower E, Cuffe Parade, 30-39 Free Press House, 3rd Floor, ICICI Centre, H.T. Parekh Marg Plot No. 17 to 24, Vittal Rao Nagar, Corporate Office, 2436 6710, Email: skairfc@rediffmail.com Mumbai 400 005 Free Press Journal Marg, 215, Churchgate, Mumbai 400 020 Madhapur, Hyderabad - 500 081 254-260, Avvai Shanmugam Salai, Website: www.irfc.nic.in Tel: +91 22 2217 8300 • Fax: +91 22 2218 8332 Nariman Point, Mumbai 400 021 Maharashtra, India Toll Free No.1-800-3454001 Royapettah E-mail: irfcbonds@sbicaps.com Tel: +91 22 6754 6500/6634 9300 • Fax: +91 22 6610 0594 Tel : +91 22 2288 2460 • Fax : +91 22 2282 6580 Tel: +91 40 4465 5000 Chennai – 600 014 India COMPLIANCE OFFICER Investor Grievance Email: investor.relations@sbicaps.com E-mail: irfctfbonds@akgroup.co.in E-mail: irfcbonds@icicisecurities.com Fax: +91 40 2343 1551 Tel: 044 – 2813 4089/2813 4436 Fax : 044-28134088 Mr. T. Behera, General Manager-Bonds,UG Floor, Website: www.sbicaps.com Investor Grievance Email: investor.grievance@akgroup.co.in Investor Grievance Email: customercare@icicisecurities.com E-mail ID: irfc.bonds@karvy.com East Tower, ,NBCC Place, Pragati Vihar, ,Lodhi Contact Person: Ms. Anshika Malaviya/ Website: www.akcapindia.com Website : www.icicisecurities.com Investor Grievance Email: einward.ris@karvy.com Contact Person: Mr. T. Chandrasekaran Mr. Puneet Deshpande Contact Person: Mr. Hitesh Shah Contact Person: Mr. Mangesh Ghogle/ Ms. Payal Kulkarni Website: http:karisma.karvy.com E-mail ID: holegal@indianbank.co.in Road, New Delhi -110 003,Tel.: +91 11 2436 Compliance Officer: Mr. Bhaskar Chakraborty Compliance Officer: Mr. Vikas Agarwal Compliance Officer: Mr. Subir Saha Contact Person: Mr. M. Murali Krishna Website: www.indianbank.com 9766/69, Fax: +91 11 2436 6710,Email: SEBI Registration No.: INM000003531# SEBI Registration No.: INM000010411 SEBI Registration No.: INM000011179 SEBI Registration Number: INR000000221 SEBI Registration Number: INB100000017 gma@irfc.nic.in Website: www.irfc.nic.in # The SEBI registration of one of the Lead Managers to the Issue, SBI Capital Markets Limited was valid up to July 31, 2011. The application for renewal of the certificate of registration in the prescribed manner has been made by SBI Capital Markets Limited on April 29, 2011, to SEBI, three months before the expiry of the period of the certificate as required under Regulation 9(1) of the SEBI (Merchant Bankers) Regulations, 1992. The approval of SEBI in this regard is currently awaited. Investors may contact the Compliance Officer or the Registrar to the Issue in case of any pre-Issue or post-Issue related problems such as non-receipt of letters of allotment, credit of allotted Bonds in the respective beneficiary account or non-receipt of Bond Certificates/ Consolidated Bond Certificates, as applicable, or refund orders, etc. Consortium Members for the Issue : In addition to the Lead Managers, following are also consortium members for the Issue : SBICAP Securities Limited, Regd. Address: 191, 19th Floor, Maker Tower - ‘F’ Wing, Cuffe Parade, Mumbai 400005 Correspondence Address: Mafatlal Chambers, 2nd floor, C wing, N M Joshi Marg, Lower Parel, Mumbai 400013 Tel: +91 22 4227 3446; Fax: +91 22 4227 3391 Email: archana.dedhia@sbicapsec.com Investor Grievance Email: complaints@sbicapsec.com Contact Person: Ms. Archana Dedhia SEBI Registration No.: BSE: INB 011053031 NSE: INB 231052938 • A. K. STOCKMART PRIVATE LIMITED, Address: 30-39, Free Press House, Free Press Journal Marg, 215, Nariman Point, Mumbai 400 021 Tel: +91 22 6754 6500; Fax: +91 22 6754 4666 E-mail ID: ankit@akgroup.co.in Website: www.akcapindia.com Contact person: Mr.Ankit Gupta SEBI Registration No.: BSE: INB011269538 NSE: INB231269532. STATUTORY AUDITORS : Dhawan & Co., Chartered Accountants,312, Wegmans House,21, Veer Savarkar Block,New Delhi 110 092, India. Tel: +91 (11) 22017651, 22025360 Email: dpa111@hotmail.com Firm Registration No.: 002864N LEGAL ADVISORS TO THE ISSUE : AZB & Partners, AZB House,Plot No. A-8, Sector 4,Noida, 201 301,India. Tel: +91 120 4179999 Fax: +91 120 4179900 CREDIT RATING AGENCIES : CRISIL Limited, CRISIL House, Central Avenue,Hiranandani Business Park, Powai,Mumbai 400 076, India. Tel: +91 (22) 3342 3000 Fax: +91 (22) 3342 3050 E-mail: crisilratingdesk@crisil.com Website: www.crisil.com Contact Person: Mr. Suman Chowdhury SEBI Registration No.: IN/CRA/001/1999. ICRA Limited, Building No. 8, 2nd Floor, Tower A, DLF Cyber City, Phase- II, Gurgaon 122 002, India. Tel: +91 (124) 4545 300 Fax: +91 (124) 4545 350 E-mail: vivek@icraindia.com Investor Grievance e-mail: vw@icraindia.com Website: www.icra.in Contact Person: Mr. Vivek Mathur SEBI Registration No.: IN/CRA/003/1999. Credit Analysis & Research Limited (“CARE”) B-47 3rd Floor, Inner Circle, Connaught Place, New Delhi 110 001. Tel: +91 (11) 2371 6199 Fax: +91 (11) 4533 3200 E-mail: jyotsana.gadgil@careratings.com Website: www.careratings.com Contact Person: Ms. Jyotsna Gadgil SEBI Registration No.: IN/CRA/004/1999 ESCROW COLLECTION BANKS / BANKERS TO THE ISSUE : Axis Bank Limited E-146, Near PVR Anupam,Saket, New Delhi – 110 017 Tel: 011-4266 5166 Fax: 011-4166 4222 Email: biswaranjan.gouda@axisbank.com/ashish.dhall@axisbank.com Contact Person: Mr. Biswaranjan Gouda and Mr. Ashish Dhall Website: www.axisbank.com SEBI Registration No.: INBI00000017 HDFC Bank Limited HDFC Bank Limited, FIG – OPS Department,- Lodha, I Think Techno Campus,O-3, Level, Next to Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai – 400 042. Tel: 09322157474 Fax: 022-2579 9801 Email: uday.dixit@hdfcbank.com/ figdelhi@hdfcbank.com Contact Person: Mr. Uday Dixit Website: www.hdfcbank.com SEBI Registration No.: INBI00000063 ICICI Bank Limited Capital Market Division, 30, Rajabahadur Mansion, Mumbai Samachar Marg, Fort, Mumbai – 400 001 Tel: 022-66310322 Fax: 022- 66310350 Email: anil.gadoo@icicibank.com Contact Person: Mr. Anil Gadoo Website: www.icicibank.com SEBI Registration No.: INBI00000004 IDBI Bank Limited Unit No. 2, Corporate Park, Sion Trombay Road, Chembur, Mumbai – 400 071 Tel: 022-6690 8402 Fax: 022-2528 6173 Email: ipoteam@idbi.co.in Contact Person: Mr. V. Jayananthan (Head – CMS Operations) Website: www.idbibank.com SEBI Registration No.: INBI00000076 Kotak Mahindra Bank Limited 5th Floor, Dani Corporate Park 158, CST Road Kalina Santacruz (E), Mumbai – 400 098 Tel: 022-6759 5336 Fax: 022-6759 5374 Email: amit.kr@kotak.com Contact Person: Mr. Amit Kumar Website: www.kotak.com SEBI Registration No.: INBI00000927 State Bank of India CMP Centre, 31 Mahal Ind Estate, Andheri (E), Mumbai – 400 093 Tel: 022-2687 4809/05 Fax: 022-2687 4805 Email: AGMPI.CMP@SBI.CO.IN/soumendra.mukherji@sbi.co.in Contact Person: Mr. Ejaz Hussain Website: www.statebankofindia.com SEBI Registration No.: INBI00000038 6 INDIAN RAILWAY FINANCE CORPORATION LIMITED
- 7. IN THE NATUREOF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS RISK FACTORS Prospective investors should carefully consider all the information in the Shelf Prospectus, including the risks and 9. The composition of the Company’s Audit Committee and the Remuneration Committee is not compliantwith the be possible for investors to effect service of process on the Company or such persons in jurisdictions outside of India, uncertainties described below, and the information provided in the section titled “Our Business” on page 55 and in corporate governance guidelines issued bythe Department ofPublic Enterprises. As per thecorporategovernanceguidelines or to enforce against them judgments obtained in courts outside of India. In addition, India is not a party to any Annexure I of the Shelf Prospectus. i.e. “Financial Statements”, before making an investment in the Bonds. The risks issued by the Department of Public Enterprises, two-thirds of the members of the Audit Committee of the Company international treaty in relation to the recognition or enforcement of foreign judgments. Recognition and enforcement and uncertainties described in this section are not the only risks that we currently face. Additional risks and uncertainties are required to be independent directors and all the members of the Remuneration Committee of the Company are of foreign judgments is provided for under section 13 and section 44A of the Code of Civil Procedure, 1908 of India not known to us or which we currently believe to be immaterial may also have an adverse effect on our business, required to be independent directors or nominee directors. In October 2011, due to completion of tenure of two (Civil Code). Section 44A of the Civil Code provides that where a foreign judgment has been rendered by a superior prospects, results of operations and financial condition. If any of the following or any other risks actually occur, our independent directors of the Company, they ceased to be the Directors on the board of the Company. As a result, the court in any country or territory outside India which the Indian Government has by notification declared to be a business prospects, results of operations and financial condition could be adversely affected and the price of, and the Audit Committee which previously comprised of two independent directors and the Managing Director, now comprises reciprocating territory, it may be enforced in India by proceedings in execution as if the judgment had been rendered value of your investment in the Bonds could decline and you may lose all or part of your redemption amounts and / only of the Managing Director. Further, before the corporate governance guidelines were issued by the Department by the relevant court in India. However, section 44A of the Civil Code is applicable only to monetary decrees not being or interest amounts. The financial and other related implications of risks concerned, wherever quantifiable, have been of Public Enterprises, the Board had constituted a Remuneration Committee on January 30, 2009, which comprised in the nature of any amounts payable in respect of taxes or other charges of a like nature or in respect of a fine or other disclosed in the risk factors mentioned below. However, there are certain risk factors where the effect is not quantifiable of three Independent Directors and the Managing Director. The Company has not reconstituted the Remuneration penalty and is not applicable to arbitration awards, even if such awards are enforceable as a decree or judgment. The and hence have not been disclosed in such risk factors. The numbering of the risk factors have been done to facilitate Committee after the issuance of the aforesaid guidelines. The Remuneration Committee would be reconstituted after United States has not been declared by the Indian Government to be a reciprocating territory for the purposes of section ease of reading and reference, and do not in any manner indicate the importance of one risk factor over another. the appointment of the new Independent Directors. The Independent Directors on the board of the Company are 44A of the Civil Code. However, the United Kingdom has been declared by the Indian Government to be a reciprocating RISKS RELATINGTO OUR BUSINESS ANDINDUSTRY : 1. Our ability to operate efficiently is dependent on our ability appointed by the Ministry of Railways for which the Company has already put in a request by its letter dated January territory and the High Courts in England as the relevant superior courts. Accordingly, a judgment of a court in the United to maintain a loweffective cost of funds.Inability to do socould have a material adverse effect on ourbusiness, financial 7, 2011. States may be enforced only by a fresh suit upon the judgment and not by proceedings in execution whereas, a condition and results of operations.: Our ability to operate efficiently is dependent on our ability to maintain a low effective 10. Weare subjectto restrictivecovenants underourcredit facilities that could limitour flexibilityin managing ourbusiness. judgment of a superior court in the United Kingdom may be enforceable by proceedings in execution, and a judgment cost of funds. Therefore, timely access to, and the costs associated with raising capital and our ability to maintain a low : There are restrictive covenants in the agreements we have entered into with certain banks and financial institutions not of a superior court, by a fresh suit resulting in judgment or order. A judgment of a court in a jurisdiction which is not effective cost of funds in the future is critical. Historically, our access to funds has been enhanced by resorting to equity in relation to our borrowings and the consents received from our lenders in relation to the Issue. These restrictive a reciprocating territory may be enforced only by a new suit upon the judgment and not by proceedings in execution. financing which we receive directly from the Government. Our relationship with the Government and the highest credit covenants require us to maintain certain financial ratios, obtaining insurance for our assets and seek the prior permission Section 13 of the Civil Code provides that a foreign judgment shall be conclusive as to any matter thereby directly ratings assigned to us enables us to price our borrowings at a lower rate of interest than would otherwise be available of these banks/financial institutions for various activities, including, amongst others, selling, leasing, transferring or adjudicated upon except: (i) where it has not been pronounced by a court of competent jurisdiction; (ii) where it has to us thereby reducing our cost of funds. There can be no assurance as to the level of direct or indirect support to us otherwise disposing of any part of our assets, effecting any scheme of amalgamation or reconstitution, implementing not been given on the merits of the case; (iii) where it appears on the face of the proceedings to be founded on an provided by the Government and negative changes in the policies of the Government could materially increase the a new scheme of expansion or taking up an allied line of business etc. Further certain of such agreements contain cross incorrect view of international law or a refusal to recognise the law of India in cases where such law is applicable; (iv) cost of funds available to us. As we are fundamentally dependent upon funding from the debt markets and commercial default provisions as per which we may be held to be in breach of such agreements if we breach the terms of other loan where the proceedings in which the judgment was obtained were opposed to natural justice; (v) where it has been borrowings, our ability to continue to obtain funds from the debt markets and through commercial borrowings on agreements. Further certain of our lenders have the right to recall the loans advanced at anytime at their discretion. We obtained by fraud; or (vi) where it sustains a claim founded on a breach of any law in force in India. The suit must be acceptable terms is dependent on various factors which include but are not limited to, our ability to maintain our existing cannot assure that we will be able to comply with all such conditions at all times. Accordingly, such restrictive covenants brought in India within three years from the date of the judgment in the same manner as any other suit filed to enforce credit ratings, which are based upon several factors, many of which are outside our control, including the economic in our loan and bond documents may restrict our operations or ability to expand and thereby may adversely affect our a civil liability in India. It is unlikely that a court in India would award damages on the same basis as a foreign court conditions in the Indian railway sector and the Indian economy, and the liquidity in the domestic and global debt business. if an action is brought in India. Furthermore, it is unlikely that an Indian court would enforce a foreign judgment if it markets, which has been severely restricted during the recent financial crisis. There can be no assurance that we will 11. Oursuccess is dependent upon ourmanagementteam and our ability to attract and retain skilledpersonnel.: Wehave viewed the amount of damages awarded as excessive or inconsistent with Indian practice and it is uncertain whether be able to maintain our existing credit ratings. Therefore any downgrades to our credit ratings could materially increase a management structure comprising 19 employees as on November 30, 2011. Besides the Managing Director, Director an Indian court would enforce foreign judgments that would contravene or violate Indian law. A party seeking to enforce the cost of funds available to us, particularly from the debt markets and commercial borrowings. Further, since we are Finance and officers in the executive rank comprise of 3 general managers, 1 manager and 1 assistant manager. Our a foreign judgment in India is required to obtain approval from the RBI under the Foreign Exchange Management a non-deposit taking NBFC, we have restricted access to funds in comparison to banks and deposit taking NBFCs. We future performance will be dependent on the continued service of our management team and our ability to attract and Act, 1999 to execute such a judgment to repatriate outside India any amount recovered pursuant to execution. Any are also dependent on our classification as an IFC which enables us, among other things, to diversify our borrowings retain skilled personnel, as we rely on their experience and their ability to identify risks and opportunities in our business, judgment in a foreign currency would be converted into Indian Rupees on the date of the judgment and not on the through the issuance of infrastructure bonds that offer certain tax benefits to bondholders and to raise, under the and grow our business activities. Considering the small size of our management team, our ability to identify, recruit and date of the payment. The Company cannot predict whether a suit brought in an Indian court will be disposed of in a automatic route (without the prior approval of the RBI), ECBs up to 50% of our Owned Fund. In the event of such benefits retain our employees is critical. We do not maintain any key man insurance policy. Inability to attract and retain timely manner or be subject to considerable delays. being withdrawn by the Government or our inability to retain the IFC status granted to us, our business, results of appropriate managerial personnel, or the loss of key personnel could adversely affect our business, prospects, results 23. There may be less information availablein the Indian securities markets pertaining to ourCompany as compared to operations and financial results shall be adversely effected. of operations, financial condition. information available for companies in securities market of more developed countries.:Thereis adifference betweenthe 2. Mismatch inthe tenorof ourleasesandborrowingsmaylead toreinvestment andliquidity riskwhich mayadversely impact 12. We donot ownourregisteredoffice premisesandconsequentlydonothavetitleto thepremisesatpresent.:Wehaveentered level of regulation, disclosure and monitoring of the Indian securities market and the activities of investors, brokers and our financial condition and results of operations: Majority of our revenues are derived from the lease agreements with into agreements to sale dated April 11, 2002 and November 21, 2002 in respect of the premises where our registered other participants and that of markets in the United States and other more developed economies. SEBI is responsible the MoR. These agreements currently provide for a primary lease period of 15 years, followed by a secondary lease office is located, pursuant to terms of agreements to sale we took possession of our registered office. However, execution for ensuring and improving disclosure and other regulatory standards for the Indian securities markets. SEBI has issued period of another 15 years. We recover the full amount of principal borrowed and related interest within the primary of the sale deed in respect such premises is pending and is subject to the permission of the government. Accordingly, regulations and guidelines on disclosure requirements and other matters. There may, however, be less publicly lease period. Repayments occur by installments during the primary lease period. Although no mismatch between our we presently do not hold title tosuch premises. 13. We may fail to obtain certain regulatory approvals in the ordinary course available information about Indian companies than is regularly made available by public companies in more assets and liabilities occurs on a regular basis, bullet repayment of some borrowings in certain years may give rise to of our business in a timely manneror atall, orto complywith theterms and conditions of our existing regulatory approvals developed economies. As a result investors may have access to less information about the business, results of a temporary mismatch. This may potentially give rise to a liquidity risk when we are required to refinance our loans and andlicenseswhichmayhaveamaterialadverse effecton thecontinuityofourbusinessandmayimpedeoureffective operations operations and financial conditions of the Company, and those of the competitors that are listed on the BSE Limited other borrowings. The receipt of lease rentals in an amortised fashion by the Company may lead to reinvestment risk in the future. We require certain regulatory approvals, sanctions, licenses, registrations and permissions for operating and the National Stock Exchange of India Limited and other stock exchanges in India on an on-going basis than an in a falling interest rate scenario. If we are unable to refinance our borrowings on favourable terms or reinvest lease and expanding our business. We may not receive or be able to renew such approvals in the time frames anticipated investor may find in the case of companies subject to reporting requirements of other more developed countries. There rentals on favourable terms, it could adversely affect our business, financial condition and results of operations. by us, or at all, which could adversely affect our business. If we do not receive, renew or maintain the regulatory approvals is a lower level of regulation and monitoring of the Indian securities market and the activities of investors, brokers and 3. Any change inthe clausesof thestandard leaseagreement enteredinto byus withthe MoRcan have an adverseeffect on required to operate our business it may have a material adverse effect on the continuity of our business and may impede other participants than in certain organisations for economic cooperation and development (OECD) countries. SEBI our business, financial position and result of operations.:A standard lease agreement is entered into by us withthe MoR our effective operations in the future. In addition to the numerous conditions required for the registration as a NBFC received statutory powers in 1992 to assist it in carrying out our responsibilities for improving disclosure and other on an annual basis in respect of rolling stock delivered and leased by us to the MoR during the Fiscal Year ending 31 with the RBI, we are required to maintain certain statutory and regulatory approvals for our business. In the future, we regulatory standards for the Indian securities market. Subsequently, SEBI has prescribed certain regulations and March immediately preceding the date of the standard lease agreement. Under the terms of previous standard lease will be required to obtain new approvals for any proposed operations. There can be no assurance that the relevant guidelines in relation to disclosure requirements and other matters relevant to the Indian securities markets. However, agreements, the MoR had agreed with the Company to ensure that in the event the Company is unable to redeem authorities will issue any of such approvals in the time-frame anticipated by us or at all. Failure by us to obtain the required there may still be less publicly available information about Indian companies than is regularly made available by public the bonds on maturity and/or repay its loans due to inadequate cash flows, the MoR will make good such shortfall by approvals may result in the interruption of our operations and may have a material adverse effect on our business, companies in certain OECD countries. making advance payments in respect of the lease rentals. If such assurance/ undertaking ceases to be valid or the MoR financial condition and results of operations. There may be future changes in the regulatory system or in the enforcement 24. The proposed new taxation system could adverselyaffect ourbusiness and theprice of the bonds.: TheGovernment fails to comply with performance of such undertaking or such undertaking is amended or modified or altered or the of the laws and regulations including policies or regulations or legal interpretations of existing regulations, relating to proposes to introduce two major reforms in Indian tax laws, namely the Goods and Services Tax and the Direct Taxes Company waives compliance with any provision of such undertaking, it may result in an event of default entitling the or affecting interest rates, taxation, inflation or exchange controls, that could have an adverse effect on non-deposit Code, both of which are currently proposed to be effective from 1 April, 2012. The Goods and Services Tax would replace acceleration of repayment under the various bonds issued by our Company and our Company will not have any direct taking NBFCs. In addition, we are required to make various filings with the RBI, the RoC and other relevant authorities the indirect taxes on good and services such as central excise duty, service tax, customs duty, central sales tax, surcharge right of action or right of subrogation against the MoR. Also, it may happen that such assurance/ undertaking is not pursuant to the provisions of RBI regulations, Companies Act and other regulations. If we fail to comply with these and cess currently being collected by the central and state governments. The Government has tabled a Direct Taxes provided in the subsequent lease agreement(s). Extraordinary support by the MoR in the form of early payment of lease requirements, or a regulator claims we have not complied with such requirements, we may be subject to penalties. Code Bill in the Parliament but is yet to be passed. The proposed DTC aims to reduce distortions in tax structure, rentals to meet temporary cash-flow difficulties requires parliamentary approval which might be difficult to obtain. Moreover, these laws and regulations can be amended, supplemented or changed at any time such that we may be introduce moderate levels of taxation and expand the tax base. It appears to consolidate and amend laws relating to Further, certain other risks such as those arising out of foreign exchange rate fluctuations and interest rate fluctuation required to restructure our activities and incur additional expenses in complying with such laws and regulations, which all direct taxes such as income tax, dividend distribution tax, fringe benefit tax and wealth tax and to facilitate voluntary are passed on to the MoR under the standard lease agreement. However, no assurance can be given that the MoR could materially and adversely affect our business. In addition, any historical or future failure to comply with the terms compliance. Since the taxation system is likely to be overhauled, our long-term effects on the Company and other will continue to bear such risks under subsequent lease agreements and in the event the MoR declines to bear such and conditions of our existing regulatory or statutory approvals may cause us to lose or become unable to renew such NBFCs are unclear as at the date of the Shelf Prospectus and it could adversely affect our business, financial condition risks, it could adversely affect our financial conditions and results of operations. approvals. For further details, see section titled “Regulations and Policies” on page 65 of the Shelf Prospectus. and results of operations and the price of the notes. 4. Thestandard leaseagreementisexecuted aftertheendoftheFiscal Yearto whichitrelatesand wecannotgivean assurance 14. OurCompanydoes nothave aregistered trademarkforourlogo “ ”and ourability touse thetrademark andlogo may 25. TheBonds areclassified as‘tax free bonds’ eligiblefortaxbenefits underSection 10(15)(iv)(h)of theIncome TaxAct, up thatsuch anagreement willbe entered into with respect tothe rollingstock acquiredwith the proceeds of this Issueorthat be impaired. : Our Company does not have its logo “ ”, registered under the Trademarks Act, 1999, as amended. to an amount of interest on such bonds. : The Bonds are classified as ‘tax free bonds’ issued in terms of Section the standardlease agreementwill containthe termsand conditionsnecessary toenable usto meetourobligationsunderthis In the event that the Company’s logo either infringe the intellectual property rights of another person or the logo is used 10(15)(iv)(h)of the Income Tax Act and the notification dated September 23, 2011, issued by the CBDT. In accordance Issue.: Standard lease agreements govern the lease rentals payable by the MoR to us and specify the rolling stock leased or claimed by a third party, our Company’s ability to use such logo may be restricted or lost. with the said section, the amount of interest on such bonds shall be entitled to exemption under the provisions of Income to the MoR by us. The standard lease agreement applies to each unit of rolling stock on and with effect from the first 15. Ifweare unabletomanageourgrowtheffectively, ourbusinessand financialresults couldbeadverselyaffected.:Ourbusiness Tax Act. Therefore only the amount of interest on bonds is exempt and not the actual amount of investment. day of the month in which the relevant rolling stock is delivered into service by the Indian Railways. The lease rentals has grown since we began operations in 1986. Our total assets increased from ` 26,22,597.02 lakhs as of March 31, 26. Political instabilityorchangesin thegovernment coulddelay theliberalization ofthe Indianeconomy andadversely affect are calculated as equal half yearly payments to be made by the MoR based on weighted average cost of incremental 2007 to ` 53,60,651.62 lakhs as of September 30, 2011.We intend to continue to grow our business, which could place economic conditions in India generally, which could impact our financial results and prospects.:Weare incorporatedin borrowing during the relevant year together with a reasonable markup mutually agreed between the MoR and the significant demands on our financial and other internal risk controls. It may also exert pressure on the adequacy of our India, derive our revenues from operations in India and all our assets are located in India. Consequently, our Company, so as to ensure that our obligation to repay and settle our debts are fully met during primary lease period capitalization, making management of asset quality increasingly important. Our asset growth will be primarily funded performance may be affected by interest rates, government policies, taxation, social and ethnic instability and other of 15 years. The standard lease agreement is executed after the end of the financial year but comes into effect from by the issuance of new debt. We may have difficulty in obtaining funding on attractive terms. Adverse developments political and economic developments affecting India. The Government has traditionally exercised and continues to the date of commencement of that year. Lease rentals during any particular year are calculated using the cost of in the Indian credit markets, such as the recent increase in interest rates, may significantly increase our debt service costs exercise significant influence over many aspects of the Indian economy. Our business may be affected by changes in borrowing and margin relevant to the previous year. We expect that a standard lease agreement will be entered into and the overall cost of our funds. Any inability to manage our growth effectively on favorable terms could have a material the Government’s policies, including taxation. Since 1991, successive Indian governments have pursued policies of based on our previous dealings with the MoR. While the standard lease agreement is expected to be executed, we adverse effect on our business and financial performance. economic liberalization, including significantly relaxing restrictions on the private sector. However, there can be no are not in a position to give an assurance that such an agreement will be entered into with respect to the rolling stock 16. Theproposed adoptionof IFRScould resultin ourfinancial condition and resultsof operationsappearing materially assurance that such policies will be continued and any significant change in the Government’s policies in the future acquired with the proceeds of this Issue or that the standard lease agreement will contain the terms and conditions different than under Indian GAAP. : We may be required to prepare annual and interim financial statements under IFRS could affect our business and economic conditions in India in general. In addition, any political instability in India or necessary to enable us to meet our obligations under this Issue. Further, by its letter dated March 16, 2011, the MoR in accordance with the roadmap for the adoption of, and convergence with, IFRS announced by the Ministry of geo-political instability affecting India will adversely affect the Indian economy in general, which could affect our informed us that the Railway budget for year 2011-12 envisages the Company to also raise funds for capacity Corporate Affairs, Government in January, 2010. The convergence of certain Indian Accounting Standards with IFRS business. Although, the current government has announced policies and taken initiatives that support the economic enhancement works in the Indian railway sector like gauge conversion, electrification, doubling, traffic facilities and was notified by the Ministry of Corporate Affairs on February 25, 2011. The date of implementing such converged Indian liberalization policies, the rate of economic liberalization could change, and specific laws and policies affecting signalling and traffic works. Therefore, we intend to utilize a significant portion of the funds raised in the Issue in accounting standards has not yet been determined, and will be notified by the Ministry of Corporate Affairs in due course banking and finance companies, foreign investment and other matters affecting investment in our securities could diversifying into financing the aforesaid capacity enhancement works in the Indian railway sector and entering into lease after various tax-related and other issues are resolved. Our financial condition, results of operations, cash flows or change as well. Any major change in government policies might affect the growth of Indian economy and thereby agreements for usage of such facilities by the MoR. The Company will follow the same leasing methodology as it changes in shareholders’ equity may appear materially different under IFRS than under Indian GAAP. This may have negatively impact our growth prospects. presently follows with MoR in relation to the financing of rolling stock. Though we expect that a lease agreement will a material adverse effect on the amount of income recognized during that period and in the corresponding period in 27. Difficulties facedby otherfinancial institutionsortheIndian financialsectorgenerallycould causeourbusinessto suffer.: be entered into based on the same leasing methodology as our previous dealings with the MoR, we have not entered the comparative period. In addition, in our transition to IFRS reporting, we may encounter difficulties in the ongoing We are exposed to the risks consequent to being part of the Indian financial sector. This sector in turn may be affected into such an agreement for the capacity enhancement works with the MoR previously. Accordingly, we cannot give an process of implementing and enhancing our management information systems. Moreover, our transition may be by financial difficulties and other problems faced by Indian financial institutions. Certain Indian financial institutions assurance that such an agreement will be entered into with respect to the capacity enhancement works to be financed hampered by increasing competition and increased costs for the relatively small number of IFRS-experienced accounting have experienced difficulties during recent years. Any major difficulty or instability experienced by the Indian financial from the proceeds of this Issue or that the lease agreement, if entered, will contain the terms and conditions necessary personnel available as more Indian companies begin to prepare IFRS financial statements. sector could create adverse market perception, which in turn could adversely affect our business and financial performance. to enable us to meet our obligations under this Issue. 17. Forthe Financial Years commencing on or afterApril 1, 2011, the Company is required to prepare its annual financial 28. Ourbusiness and activities willbe regulatedby theCompetition Act,2002 (“CompetitionAct”) andany applicationof the 5. We are involvedin a number of legal proceedings that, ifdetermined againstus, could adverselyimpact ourbusiness statementsasperrevised ScheduleVI tothe CompaniesAct, asnotified bythe MinistryofCorporateAffairs, asa resultofwhich Competition Act to us could have amaterial adverseeffect on our business,financial condition andresults of operations.: and financial condition. : Our Company is a party to various legal proceedings. These legal proceedings are pending our financial ratios may appear materially different.: The revised Schedule VI of the Companies Act deals with the form The Competition Act is designed to prevent business practices that have an appreciable adverse effect on competition at different levels of adjudication before various courts, tribunals, statutory and regulatory authorities/ other judicial of balance sheet, profit and loss account and disclosures to be made therein and will lead to realignment of items in India. Under the Competition Act, any arrangement, understanding or action in concert between enterprises, authorities, and if determined against our Company, could have an adverse impact on the business, financial appearing in the balance sheet and profit and loss statement. Thus our financial ratios may appear materially different whether formal or informal, which causes or is likely to cause an appreciable adverse effect on competition in India condition and results of operations of our Company. For further information relating to outstanding litigation against under the revised Schedule VI than as under the existing format being followed by us. is void and attracts substantial monetary penalties. Any agreement which directly or indirectly determines purchase or our Company, see the section titled “Outstanding Litigation and Material Developments” on page 93 of the Shelf RISKS RELATING TO THE INDIAN ECONOMY: We are an Indian company and all of our assets and customers are sale prices, limits or controls production, shares the market by way of geographical area, market or number of customers Prospectus. No assurances can be given as to whether these legal proceedings will be decided in our Company’s located in India. Consequently, our financial performance will be influenced by political, social and economic in the market is presumed to have an appreciable adverse effect on competition. Further, if it is proved that the favor or have no adverse outcome, nor can any assurance be given that no further liability will arise out of these claims. developments in India and in particular by the policies of the Government. contravention committed by a company took place with the consent or connivance or is attributable to any neglect on Details of the proceeding that have been initiated against and by our Company and the amounts claimed against 18. A slowdown in economic growth in India could adversely impact our business.: We are dependent on prevailing the part of, any director, manager, secretary or other officer of such company, that person shall be guilty of the and by us in these proceedings, to the extent ascertainable as of the date of the Shelf Prospectus, are set forth below; economic conditions in India and our results of operations are significantly affected by factors influencing the Indian contravention and liable to be punished. For more information, see section titled “Regulations and Policies” on page Litigation against our Company: Nature of Proceedings, Number of outstanding matters, Amount Involved (in ` lakhs)*, economy. Any slowdown in economic growth in India could adversely affect us, including our ability to grow our loan 65 of the Shelf Prospectus. The effect of the Competition Act on the business environment in India is unclear. If we Writ Petitions, Nil, Nil, Income Tax, Nil, Nil; Consumer Cases, 12, 9.74; Civil, 5, 39.97; Criminal, Nil, Nil; Total, 17, portfolio, the quality of our assets, and our ability to implement our strategy. Any slowdown in the growth or negative are affected, directly or indirectly, by any provision of the Competition Act, or its application or interpretation, including 43.81, * The amounts stated do not include the interest claimed or payable. Litigation by our Company: Nature of growth of the Indian railways sectors where we have a high exposure could adversely impact our performance. Any such any enforcement proceedings initiated by the Competition Commission and any adverse publicity that may be Proceedings, Number of outstanding matters, Amount Involved (in ` lakhs)* Writ Petitions, Nil, Nil; Income Tax, 4, 14.05; slowdown could adversely affect our business, prospects, results of operations and financial condition. generated due to scrutiny or prosecution by the Competition Commission, it may have a material adverse effect on Civil, Nil, Nil; Criminal, 1, 5.90; Total, 5, 19.95 *The amounts stated do not include the interest claimed or payable. our business, financial condition and results of operations. 19. Financial instability in other countriesmay cause increased volatility in Indian financial markets.: TheIndianmarketand 6. OurCompanyiswholly ownedandcontrolledby theGovernmentandtheGovernmentcouldrequireus totake actionsaimed the Indian economy are influenced by global economic and market conditions. Financial turmoil in Asia and elsewhere 29. Terrorist attacks,civil unrestand otheractsofviolence orwarinvolvingIndia andothercountriescould adverselyaffect the atserving thepublic interestwhich maynot necessarilybe profitableorfinanciallyfeasible.TheGovernment throughthePresident in the world in recent years has affected the Indian economy. Although economic conditions are different in each country, financial markets and our business.: India has from time to time experienced social and civil unrest and hostilities within of India along with 7 nominee shareholders holds 100 per cent of our paid up equity share capital. The Government, acting investors’ reactions to developments in one country can have adverse effects on the securities of companies in other itself and with neighbouring countries. India has also experienced terrorist attacks in some parts of the country. These through the MoR, controls our Company and has the power to appoint and remove our Directors on the Board and/ or the countries, including India. A loss of investor confidence in the financial systems of other markets may cause increased hostilities and tensions and/or the occurrence of terrorist attacks have the potential to cause political or economic committees thereof. In addition, the Government influences our operations through our various departments and policies. volatility in Indian financial markets and, indirectly, in the Indian economy in general. The global credit and equity instability in India and adversely affect our business and future financial performance. Further, India has also experienced Pursuant to our Articles of Association, the President of India may from time to time issue such directives or instructions as markets have recently experienced substantial dislocations, liquidity disruptions and market corrections. In particular, social unrest in some parts of the country. If such tensions occur in other parts of the country, leading to overall political may be considered necessary in regard to the conduct of business and affairs of the Company and in like manner may vary sub-prime mortgage loans in the United States have experienced increased rates of delinquency, foreclosure and loss. and economic instability, it could have an adverse effect on our business, prospects, results of operations and financial and annul any such directive or instruction. In particular, given the important role of the Indian railway sector in the Indian Since September 2008, liquidity and credit concerns and volatility in the global credit and financial markets increased condition. These acts may also result in a loss of business confidence, make travel and other services more difficult and economy, the Government could require us to take actions aimed at serving the public interest which may not necessarily significantly with the bankruptcy or acquisition of, and government assistance extended to, several major U.S. and ultimately adversely affect our business. be profitable or financially feasible. The Government’s objectives may not be consistent with our objectives or those of the European financial institutions. These and other related events have had a significant impact on the global credit and 30. Ourabilityto raise foreign currency borrowings may be constrained by Indian law.:Asan Indiancompany, weare subject investors. financial markets as a whole, including reduced liquidity, greater volatility, widening of credit spreads and a lack of price to exchange controls that regulate borrowing in foreign currencies. Such regulatory restrictions limit our financing 7. OurbusinessandourindustryaredependentonthepoliciesandsupportoftheIndianGovernmentandtheMoRandthecontinued transparency in the United States and global credit and financial markets. In response to such developments, legislators sources and hence could constrain our ability to obtain financing on competitive terms and refinance existing indebtedness. growthoftheIndian railwaysector,whichmakes ussusceptible tochangestosuchpoliciesandaslowdown inthegrowthofIndian and financial regulators in the United States and other jurisdictions, including India, have implemented a number of In addition, we cannot assure you that the required approvals will be granted to us without onerous conditions, if at railways.: We are a Government enterprise operating in a sensitive and regulated industry. Our business is dependent, directly policy measures designed to add stability to the financial markets. However, the overall impact of these and other all. Limitations on raising foreign debt may have an adverse effect on our business, financial condition and results of and indirectly, on the policies and support of the Government, in many significant ways, including with respect to the cost legislative and regulatory efforts on the global financial markets is uncertain, and they may not have the intended operations. of our capital, the financial strength of the MoR, the management and growth of our business and our overall profitability. stabilising effects. In the event that the current difficult conditions in the global credit markets continue or if there are RISKS RELATINGTOTHEBONDS:31. There hasbeen nopriorpublicmarket forthe Bondsand thesame maynot develop The MoR is also significantly impacted by the policies and support of the Government. Furthermore, the growth of our any significant financial disruption, this could have an adverse effect on the Company’s business, our future financial in future, therefore the price of the Bonds may be volatile. The Bonds have no established trading market. There can be business is dependent upon the continued growth of the Indian railway sector and the Indian economy, which are significantly performance and the price of the Bonds. no assurance that an active public market for the Bonds will develop or be sustained. The liquidity and market prices impacted by the policies of the Government. The Indian Railways faces significant competition in transportation from other 20. Naturalcalamities couldhaveanegativeimpacton theIndianeconomywhich couldadversely affectourbusiness,ourfuture of the Bonds can be expected to vary with changes in market and economic conditions, our financial condition and means of transportation such as transport by road, sea and air. While the Indian railways is planning infrastructure financial performance and the price of the Bonds.: Natural calamities could have a negative impact on the Indian economy prospects and other factors that generally influence market price of Bonds. Accordingly, the Bonds, may trade at a augmentation and other necessary improvements to the railway network, competition in freight traffic from the road sector and harm our business. India has experienced natural calamities such as earthquakes, floods, drought and a tsunami discount to the price at which the Bonds are being issued. is likely to intensify further, after the present projects for upgrading road networks are completed. For many decades, the Indian in recent years, including the tsunami that struck the southern coast of India and other Asian countries in December 32. Thereis no guarantee that the Bondsissued pursuant to this Issue will be listed on NSE and BSE in a timely manner, railways’ share of the freight market had been progressively decreasing. The Indian railways vulnerability to competition from 2004, the severe flooding in Mumbai in July 2005 and the earthquake that struck India and other Asian countries in or at all. : In accordance with Indian law and practice, permissions for listing and trading of the Bonds issued pursuant other means of transportation could increase if cross-subsidies between freight and passenger fares remain at the current October 2005. Natural calamites could have an adverse impact on the Indian economy which could adversely affect to this Issue will not be granted until after the Bonds have been issued and allotted. Approval for listing and trading high levels, particularly when the road network improves, and oil pipelines are built. Therefore any slowdown in the growth our business, our future financial performance and the price of the Bonds. will require all relevant documents authorising the issuing of Bonds to be submitted. There could be a failure or delay of the Indian railways sector and changes in the policies of, or in the level of direct or indirect support to us provided by, the in listing the Bonds on the NSE and/ or BSE. Government in these or other areas could have a material adverse effect on our business, financial condition and results 21. Anydown-grading ofIndia’s debtrating by an internationalrating agencycould havea negativeimpact onourbusiness and the trading price of the Bonds.: Any adverse revisions to India’s credit ratings for domestic and international debt 33. Foreigninvestors, includingNRIs andFIIs subscribing tothe Bonds aresubject torisks in connection with(i) exchange of operations. control regulations, and, (ii) fluctuations in foreign exchange rates.:The Bondswill be denominated in Indian rupeesand by international rating agencies may adversely affect the terms on which the Company is able to raise finance, our future 8. Wefacecompetitionfromfinancialandotherinstitutions inraising fundsfrom themarket andmay notbe ableto raisefunds financial performance and the price of the Bonds. the payment of interest and redemption amount shall be made in Indian rupees. Various statutory and regulatory on terms beneficial to us.: We face competition from financial and other institutions aiming to raise funds from the market. 22. Investors may have difficulty enforcingforeign judgmentsin India against the Company or ourmanagement.: Weare requirements and restrictions apply in connection with the Bonds held by NRIs and FIIs (“Exchange Control Regulations”). In the event that the terms and conditions of the debt instruments offered by such institutions is more attractive than those Amounts payable to NRIs and FIIs holding the Bonds, on redemption of the Bonds and/or the interest paid/payable offered by us, we may not be able to raise debt from the market to the extent and on terms and conditions beneficial to us. a public limited company incorporated under the laws of India. All of the Company’s Directors and executive officers are residents of India and all the assets of the Company and such persons are located in India. As a result, it may not in connection with such Bonds would accordingly be subject to prevailing Exchange Control Regulations in case of INDIAN RAILWAY FINANCE CORPORATION LIMITED 7
- 8. IN THE NATUREOF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS applicants who have invested on repatriation basis. Any change in the Exchange Control Regulations may adversely of exchange rate risk on the Indian rupee and risks associated with the conversion of Indian rupee proceeds into foreign for the ` 20,59,438 lakhs long term borrowing programme of the Company (“Debt Programme”) vide its letter no. VR/ affect the ability of such NRIs and FIIs to convert such amounts into other currencies, in a timely manner or at all. Further, currency. Investors are subject to currency fluctuation risk and convertibility risk since the Bonds are quoted in Indian rupees FSR/IRFC/2011-12/1208 dated December 14, 2011. ICRA has reaffirmed the credit rating of “[ICRA] AAA” (pronounced fluctuations in the exchange rates between the Indian rupee and other currencies could adversely affect the amounts on the Indian stock exchanges on which they are listed. Returns on the Bonds will also be paid in Indian rupees. The volatility “ICRA triple A”) of the Debt Programme of the Company vide its letter no. D/RAT/2011-2012/11/13 dated December realized by NRIs and FIIs on redemption or payment of interest on the Bonds by us. of the Indian rupee against the U.S. dollar and other currencies subjects investors who convert funds into Indian rupees to 19, 2011. CARE has reaffirmed the credit rating of “CARE AAA” (pronounced as “CARE triple A”) for the Debt 34. There may be a delay in making refunds to applicants.: We cannot assure that the monies refundable to applicants, purchase our bonds to currency fluctuation risks. Programme of the Company vide its letter dated December 14, 2011. Further international rating agencies like Japan on account of (a) withdrawal applications, (b) withdrawal of the Issue, or (c) failure to obtain the final approval from the 36. You maynot be able to recover, on a timely basis orat all,the fullvalue ofthe outstandingamounts and/orthe interest Credit Rating Agency Limited has affirmed its BBB+ rating on the long term senior debts and the Japanese Yen bonds exchanges for listing of Bonds, (d) non allotment due to technical rejections or over subscriptions, will be refunded to accrued thereon in connection with the Bonds.: Our ability to pay interest accrued on the Bonds and/or theprincipal amount issued by the Company and Standard and Poor’s has assigned BBB- rating to the foreign currency and the local currency the applicants in a timely manner. outstanding from time to time in connection therewith would be subject to various factors, including our financial issues and senior unsecured issues. For further details, see section titled “Our Business” on page 55 of the Shelf 35. Risks relatingto anyinternational regulations, taxationrules applyas the Issuemay bemarketed toFIIs.:TheBondshavenot condition, profitability and the general economic conditions in India and the global financial markets. We cannot assure Prospectus. These ratings may be suspended, withdrawn or revised at any time. Any revision or downgrading in the been recommended by any U.S. federal or state securities commission or regulatory authority. Furthermore, the foregoing you that we would be able to repay the principal amount outstanding from time to time on the Bonds and/or the interest credit rating may lower the trading price of the Bonds and may also affect our ability to raise further debt. For the rationale authorities have not confirmed the accuracy or determined the adequacy of the Shelf Prospectus. Any representation to accrued thereon in a timely manner, or at all. for these ratings, see Annexure II of the Shelf Prospectus. the contrary is a criminal offence in the United States and may be a criminal offence in other jurisdictions. The Bonds have 37. Changes in prevailing interest rates may affect the price of theBonds. :All securities wherea fixedrate of interest isoffered, 39. Payments made on the Bonds will be subordinate to certain tax and other liabilities as laid down by law. :TheBonds not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”) or any such as the Bonds, are subject to price risk. The price of such securities will vary inversely with changes in prevailing will be subordinate to certain liabilities preferred by law such as to claims of the Government on account of taxes, state securities laws in the United States and may not be offered or sold within the United States under the U.S. Securities interest rates, i.e., when interest rates rise, prices of fixed income securities fall and when interest rates drop, the prices and certain liabilities incurred in the ordinary course of our transactions. In particular, in the event of bankruptcy, Act, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. increase. The extent of fall or rise in the prices is a function of the existing coupon rate, days to maturity and the increase liquidation or winding-up, our assets will be available to pay obligations on the Bonds only after all of the liabilities Securities Act and applicable state securities laws in the United States. Further, any person making or intending to make or decrease in the level of prevailing interest rates. Increased rates of interest, which frequently accompany inflation that rank senior to these Bonds have been paid. In the event of bankruptcy, liquidation or winding-up, there may an offer within the European Economic Area of Bonds which are the subject of the Issue contemplated in the Shelf and/or a growing economy, are likely to have a negative effect on the trading price of the Bonds. not be sufficient assets remaining, after paying the aforesaid senior ranking claims, to pay amounts due on the Prospectus should only do so in circumstances in which no obligation arises for IRFC to produce a prospectus for such offer. 38. Any downgradingin ourdomestic and international credit rating ofour Bondsmay affectthe trading price of ourBonds. Bonds. Further, there is no restriction on the amount of debt securities that we may issue that may rank above the Additionally, our Bonds are quoted in Indian rupees in India and investors may be subject to potential losses arising out : CRISIL has reaffirmed the credit rating of “CRISIL AAA/Stable” (pronounced as “CRISIL Triple A with stable outlook”) Bonds. The issue of any such debt securities may reduce the amount recoverable by investors in the Bonds on our bankruptcy, winding-up or liquidation. GENERAL INFORMATION repatriable basis. Under the provisions of the Foreign Exchange Management (Borrowing and Lending Lakhs. Our Company was incorporated on December 12, 1986 under the Companies Act as a public limited in Rupees) Regulations, 2000, as amended, any monies borrowed from a person resident outside India Mechanism for redressal of Investor grievances : Karvy Computershare Private Limited has been appointed company registered with the Registrar of Companies, National Capital Territory of Delhi and Haryana cannot be used: (a) for any purpose except in ones own business other than (i) the business of chit fund, as the Registrar to the Issue to ensure that Investor grievances are handled expeditiously and and received our certificate for commencement of business on December 23, 1986. The GoI, Ministry of (ii) as Nidhi Company, (iii) agricultural or plantation activities or real estate business; or construction of satisfactorily and to effectively deal with Investor complaints. All grievances relating to the Issue Railways, incorporated our Company as a financial arm of Indian Railways, for the purpose of raising farm houses; or (iv) trading in Transferable Development Rights (TDRs); or (b) for any investment, whether should be addressed to the Registrar to the Issue and the Compliance Officer giving full details of the necessary resources for meeting the developmental needs of the Indian Railways. The President of by way of capital or otherwise, in any company or partnership firm or proprietorship concern or any entity, the Applicant, number of Bonds applied for, amount paid on application and Bankers to the Issue India along with nominees is holding 100% of our equity share capital. For further details see section whether incorporated or not, or for the purpose of re-lending. To ensure compliance with the aforementioned, / Designated Collection Centre / Agent to which the application was submitted. titled “History and Certain Corporate Matter” on page 70 of the Shelf Prospectus. The Ministry of Corporate the Company shall open and maintain a separate escrow account with the Escrow Collection Bank(s) in FINANCIAL INFORMATION Affairs, through its notification dated October 8, 1993 published in the Official Gazette of India, classified connection with all application monies received from NRIs, (“NRI Escrow Account”). All application Statement of Asset and Liability for last Five Years and Latest Period: our Company, as a Public Financial Institution under Section 4(A) of the Companies Act. Our Company monies received from NRI applicants shall be deposited in the NRI Escrow Account maintained with (` in Lacs) was registered with the RBI under 45-IA of RBI Act as a Non-Banking Finance Company without each Escrow Collection Bank(s). Upon creation of security as disclosed in the Shelf Prospectus, the Particulars Schedule Audited for Audited for the year ended accepting public deposits vide certificate of registration no. B-14.00013 dated February 16, 1998. The Escrow Collection Bank(s) shall transfer the monies from the NRI Escrow Accounts to a separate bank Halfyearended 31.03.11 31.03.10 31.03.09 31.03.08 31.03.07 Company was later classified under the category “Infrastructure Finance Company” by the RBI through account, (“NRI Account”), which shall be different from the Public Issue Account. The Company shall at 30.09.2011 a fresh certificate of registration bearing no. B-14.00013 dated November 22, 2010. CBDT has vide its all times ensure that any monies kept in the NRI Escrow Account and/or the NRI Account shall be utilised Sources of Funds Notification No. 52/2011 [F.No. 178/56/2011-(ITA 1)] dated September 23, 2011 authorised the Company only in accordance with and subject to the restrictions contained in the Foreign Exchange Management 1. Shareholders’ Funds to raise tax free Bonds aggregating up to ` 10,00,000 lakhs in one or more tranches in the Fiscal Year (Borrowing and Lending in Rupee) Regulations, 2000, and other applicable statutory and/or regulatory i. Share Capital 1 16 0,2 00. 00 16 0,2 00. 00 10 9,1 00. 00 50 ,00 0. 00 50 ,00 0. 00 23 ,20 0. 00 2012, out of which, the Company has already raised through private placement route, an amount of ` requirements. ii. Share Application Money - - - 30 ,00 0. 00 - 26 ,80 0. 00 73,111 lakhs. The deemed date of allotment was November 8, 2011 and the date of refund was Issue Expenses* : For details please refer to page no. 23 of the Prospectus Tranche - 1. iii. Reserves and Surplus 2 28 8,5 49. 60 26 8,3 96. 61 23 1,4 47. 95 19 8,0 70. 46 19 2,5 76. 46 16 2,1 24. 63 December 1, 2011. The listing and trading in these bonds have commenced on NSE and BSE from Undertakings with respect to Issue Proceeds : The Company undertakes the following: 1. That in accordance 448,749.60 428,596.61 340,547.95 278,070.46 242,576.46 212,124.63 December 11, 2011 and December 8, 2011 respectively. Hence, the Company shall issue the Bonds upto with the SEBI Debt Regulations, it will not utilize the issue proceeds for providing loans to or acquisition 2. Loan Funds 3 an aggregate amount of ` 6,30,000 lakhs through this Issue during the financial year 2011-12 out of the of shares of any person who is part of the same group or who is under the same management; 2. Other i. Secured total permissible amount of ` 10,00,000 lakhs, as approved by its Board through its resolution dated than as mentioned in the section titled “Objects of the Issue”, the Issue proceeds shall not be utilized - In India 3,484,260.61 3,110,939.11 2,778,269.76 2,240,248.18 1,884,459.82 1,614,605.96 January 10, 2012. Registered Office : UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, towards full or part consideration for the purchase or any acquisition, including by way of a lease, of any - Outside India 15 ,44 4. 45 14 ,73 4. 50 16 ,20 0. 00 19 ,77 6. 90 16 ,80 0. 00 19 ,58 8. 50 New Delhi -110 003. Tel.: +91 11 2436 9766/69. Fax: +91 11 2436 6710. Website: www.irfc.nic.in. For property; and 3. The Issue Proceeds from Bonds allotted to Banks will not be utilized for any purpose 3,499,705.06 3,125,673.61 2,794,469.76 2,260,025.08 1,901,259.82 1,634,194.46 details on changes in our Registered Office, see “History and Certain Corporate Matters” on page 70 of the which may be in contravention of the RBI guidelines on bank financing to NBFCs including those relating ii. Unsecured Loans Shelf Prospectus. to classification as capital market exposure or any other sectors that are prohibited under the RBI - In India - - 14 4,8 99. 82 12 4,6 16. 00 19 4,7 50. 00 17 7,3 20. 00 Credit Rating and Rationale regulations. - Outside India 84 5,6 98. 69 68 6,7 74. 02 42 1,4 87. 89 35 4,2 29. 89 31 3,8 46. 95 36 7,9 02. 05 1. CRISIL has reaffirmed the credit rating of “CRISIL AAA/Stable” (pronounced as “CRISIL Triple A with STATEMENT OF TAX BENEFITS : For details please refer to page no. 25 of the Prospectus Tranche - 1. 845,698.69 686,774.02 566,387.71 478,845.89 508,596.95 545,222.05 stable outlook”) for ` 20,59,438 lakhs long term borrowing programme of the Company (“Debt Programme”) INDUSTRY OVERVIEW : For details please refer to page no. 48 of the Shelf Prospectus. Total Loan Funds 4,345,403.75 3,812,447.63 3,360,857.47 2,738,870.97 2,409,856.77 2,179,416.51 vide its letter no. VR/FSR/IRFC/2011-12/1208 dated December 14, 2011. Instruments with this rating OUR BUSINESS : For details please refer to page no. 55 of the Shelf Prospectus. 3. Deferred Tax Liability (Net) 283,891.42 270,143.21 246,702.23 225,655.23 185,465.08 171,014.01 are considered to have the highest degree of safety regarding timely servicing of financial obligations. REGULATIONS AND POLICIES : For details please refer to page no. 65 of the Shelf Prospectus. Total 5,078,044.77 4,511,187.45 3,948,107.65 3,242,596.66 2,837,898.31 2,562,555.15 Such instruments carry lowest credit risk. 2. ICRA has reaffirmed the credit rating assigned of “[ICRA] HISTORY AND CERTAIN CORPORATE MATTERS : For details please refer to page no. 70 of the Shelf Application of Funds 4. Assets AAA” (pronounced as “ICRA triple A”) for the Debt Programme of the Company vide its letter no. D/RAT/ Prospectus. Fixed Assets-Gross Block 4 1, 70 1. 93 1, 70 1. 47 1, 69 8. 87 1, 70 7. 61 1, 70 0. 99 1, 69 7. 92 2011-2012/11/13 dated December 19, 2011. Instruments with this rating are considered to have the OUR MANAGEMENT : The following are Directors on the Board of the Company Ms. Vijaya Kanth, Mr. Less: Depreciation Net Block 38 1. 09 36 4. 49 32 9. 85 30 8. 52 28 0. 91 24 0. 76 highest degree of safety regarding timely servicing of financial obligations. Such instruments carry Rajiv Datt, Mr. D. C. Arya , Mr. Rajesh Khullar. For details please refer to page no. 74 of the Shelf 1,320.84 1,336.98 1,369.02 1,399.09 1,420.08 1,457.16 lowest credit risk. 3. CARE has reaffirmed the credit rating of “CARE AAA (pronounced as triple A)” for Prospectus. 5. Long Term Loans & Advances 5 4,973,085.41 4,531,822.44 3,839,232.51 3,156,191.09 2,702,551.90 2,473,072.20 the Debt Programme of the Company vide its letter dated December 14, 2011. Instruments with this FINANCIAL INDEBTEDNESS 6. Investments 6 1,779.98 1,897.56 199.85 199.85 199.85 199.85 rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. For details of the outstanding borrowings of the Company as on November 30, 2011, see “Financial 7.Current Assets, Loans & Advances 7 Such instruments carry lowest credit risk. For details in relation to the rationale for the credit rating by Indebtedness” on page no. 79 of the Shelf Prospectus. Current Assets 33 3,9 76. 50 99 ,02 2. 60 19 3,9 00. 35 13 7,3 02. 02 17 3,0 08. 83 10 8,7 43. 60 CRISIL, ICRA and CARE, see Annexure II of the Shelf Prospectus. Further, kindly note these ratings are LEGAL AND OTHER INFORMATION Loans & Advances 50 ,48 8. 89 34 ,94 1. 81 31 ,58 9. 27 42 ,63 0. 74 42 ,07 8. 12 39 ,12 4. 21 not a recommendation to buy, sell or hold securities and investors should take their own decision. These OUTSTANDING LITIGATION AND MATERIAL DEVELOPMENTS : Except as described below, there are 384,465.39 133,964.41 225,489.62 179,932.76 215,086.95 147,867.81 ratings are subject to revision or withdrawal at any time by the assigning rating agency (ies) and should no outstanding litigations, suits or criminal or civil prosecutions, proceedings or tax liabilities against us 8. Less: Current Liabilities & Provisions 8 be evaluated independently of any other ratings. and our Directors, that would have a material adverse effect on our business and there are no defaults, Current Liabilities 24 2,5 80. 50 12 6,2 85. 53 90 ,04 8. 88 77 ,37 2. 25 63 ,47 6. 08 49 ,38 2. 13 Expert Opinion: Except the letters dated December 14, 2011, December 19, 2011 and December 14, non-payment or overdue of statutory dues, institutional / bank dues and dues payable to holders of any Provisions 40 ,02 6. 35 31 ,54 8. 41 28 ,25 2. 74 21 ,16 3. 35 17 ,90 4. 39 10 ,65 9. 74 2011 issued by CRISIL, ICRA and CARE respectively, in respect of the credit rating for the Debt debentures, bonds and fixed deposits that would have a material adverse effect on our business other 282,606.85 157,833.94 118,301.62 98,535.60 81,380.47 60,041.87 Programme (bonds and long term loans) of the Company, and the report dated January 9, 2012 on our than unclaimed liabilities against us, as of the date of the Shelf Prospectus. For details please refer to 9. Net Current Assets 101,858.54 (23,869.53) 107,188.00 81,397.16 133,706.48 87,825.94 audited financial statements for the financial year ending March 31, 2007, March 31, 2008, March 31, page no. 93 of the Shelf Prospectus. 10.Foreign Currency Monetray Item - - 118.27 3,409.47 - - 2009, March 31, 2010, March 31, 2011 and for the half year ended September 30, 2011 and statement OTHER REGULATORY AND STATUTORY DISCLOSURES Translation Difference of tax benefits dated January 9, 2012 issued by Dhawan & Co., Chartered Accountants, Statutory Authority for the Issue : The Board of Directors, at their meeting held on January 10, 2012 have approved 11.Miscellaneous Expenditure - - - - 20.00 - Auditors of the Company, the Company has not obtained any expert opinion. the Issue, in one or more tranche(s), of tax free, secured, redeemable, non-convertible bonds in the nature (to the extent not written off) Minimum Subscription: In terms of the SEBI Debt Regulations, an issuer undertaking a public issue of of debentures of face value of ` 1,000 each, having tax benefits under Section 10(15)(iv)(h) of the Income Total 5,078,044.77 4,511,187.45 3,948,107.65 3,242,596.66 2,837,898.31 2,562,555.15 debt securities may disclose the minimum amount of subscription that it proposes to raise through the Tax Act, as amended, aggregating upto ` 6,30,000 lakhs in one or more tranche(s), on or prior to March issue in the offer document. The Company has decided not to stipulate minimum subscription amount 31, 2012, subject to the provisions of the CBDT Notification. In accordance with the terms of the CBDT Statement of Profit & Loss for last Five Years: for this Issue. Notification, the aggregate volume of the issue of Bonds (having benefits under Section 10(15)(iv)(h) of (` in Lacs) Underwriting the Income Tax Act) by the Company during the Fiscal 2012 shall not exceed ` 10,00,000 lakhs. Particulars Schedule Audited for Audited for the year ended This Issue is not underwritten. Eligibility to make the Issue : The Company, the persons in control of the Company or its promoter have Halfyearended 31.03.11 31.03.10 31.03.09 31.03.08 31.03.07 ISSUE PROGRAMME* not been restrained, prohibited or debarred by SEB1 from accessing the securities market or dealing in 30.09.2011 securities and no such order or direction is in force. Income ISSUE OPENS ON FRIDAY, JANUARY 27, 2012 ISSUE CLOSES ON FRIDAY, FEBRUARY 10, 2012 Consents : Consents in writing from the Directors, the Compliance Officer, the Statutory Auditors, Bankers Lease Income 2 0 0, 2 3 4. 4 1 3 4 9, 1 9 8. 7 8 3 0 7, 3 7 6. 1 0 2 7 2, 6 4 5. 1 7 2 3 7, 4 3 3. 6 1 2 1 0, 2 3 6. 7 9 to the Company, Bankers to the Issue, Lead Managers, Registrar to the Issue, Consortium Members for Income on Loans & Deposits 17 ,55 1. 58 32 ,60 6. 34 35 ,98 5. 62 28 ,68 8. 74 20 ,79 2. 82 14 ,19 3. 23 *The subscription list for the Issue shall remain open for subscription at the commencement of the Issue, Legal Advisors to the Issue, Credit Rating Agencies and the Debenture Trustee, to act in their Income on investments 82. 12 13. 60 7. 54 7. 32 64. 47 4, 45 7. 22 banking hours and close at the close of banking hours, with an option for early closure (subject to the respective capacities, have been obtained and shall be filed along with a copy of each tranche prospectus Exchange rate variation (Gain) - 4. 85 1, 11 6. 10 1 9 5 . 8 5 1, 40 5. 00 - Issue being open for a minimum of 3 days) or extension by such period, upto a period of 30 days from with the RoC. The Company has appointed Indian Bank as Debenture Trustee under regulation 4(4) of Other Income 9 8 1 1 . 3 4 2, 34 1. 58 3, 90 8. 31 9 4 1 . 0 1 2, 78 2. 57 4. 90 the date of opening of the Issue, as may be decided by the Board of Directors/ Committee of the the SEBI Debt Regulations. The Debenture Trustee has given its consent to the Company for its Total 218,679.45 384,165.15 348,393.67 302,478.09 262,478.47 228,892.14 Company, subject to necessary approvals, if any. In the event of such early closure of the subscription appointment under regulation 4(4) and also in all the subsequent periodical communications sent to the Expenditure list of the Issue, our Company shall ensure that public notice of such early closure is published on holders of debt securities. Interest on Bonds & loans 10 1 6 7, 1 0 6. 5 9 2 8 2, 9 0 1. 5 1 2 4 5, 7 5 7. 6 4 2 1 6, 2 7 9. 6 2 1 8 1, 0 2 8. 4 2 1 4 7, 7 0 7. 9 9 or before the day of such early date of closure through advertisement/s in a leading national daily Common Form of Transfer : There shall be a common form of transfer for the Bonds held in physical form Lease Rentals Paid 2, 31 5. 74 4, 29 5. 51 10 ,33 9. 56 18 ,60 3. 45 16 ,74 9. 39 18 ,25 7. 36 newspaper. and relevant provisions of the Companies Act and all other applicable laws shall be duly complied with Salary & Employee Benefits 11 88. 56 202.58 155.50 166.14 95. 46 67. 62 CAPITAL STRUCTURE in respect of all transfer of the Bonds and registration thereof. Administrative & Other Expenses 12 641.70 414.31 269.32 464.34 232.59 246.86 Details of Share Capital No Reservation or Discount : There is no reservation in this Issue nor will any discount be offered in this Bond Servicing Expenses 13 151.42 215.25 197.73 185.38 152.28 112.76 Our share capital as on the date of the Shelf Prospectus is set forth below: Issue, to any category of Investors. Bond Issue Expenses / 14 3, 31 6. 94 6, 08 5. 36 9, 34 2. 77 969.25 177.71 612.91 (in ` lakhs) Previous Public or Rights Issues by the Company during last five years : The Company has not undertaken Expenses on loans Aggregate value any public or rights issue in last five years. D e pr e c i a ti o n 4 17. 60 35. 10 35. 15 36. 74 41. 04 40. 61 Authorised share capital Change in auditors of Our Company during the last three years : There has been no change in auditors of Exchange rate variation (Loss) 2, 64 4. 38 - - - - 674.97 our Company during the last three years and M/s Dhawan& Co. have been our auditors since Financial Amortisation of Foreign Currency 50,000,000 Equity Shares of ` 1,000 each 500,000.00 Year 2008-09. Monetray Item Translation Diff. A/c - 181.04 3, 45 5. 15 - - - Issued, subscribed and paid up share capital Revaluation of assets : Our Company has not revalued its assets in the last five years. Total 176,282.93 294,330.66 269,552.82 236,704.92 198,476.89 167,721.08 Statement by the Board of Directors: (i) All monies received out of each Tranche Issue of the Bonds to the Profit for the Year 42,396.52 89,834.49 78,840.85 65,773.17 64,001.58 61,171.06 16,020,000 Equity Shares of ` 1,000 each 160,200.00 Prior Period Adjustment (Net Income) 15 (1 7. 38 ) 0. 02 (1 2. 28 ) ( 4. 44 ) ( 16 6. 73 ) 2. 62 public shall be transferred to a separate bank account other than the bank account referred to in sub- Securities premium account Nil section (3) of section 73 of the Companies Act; (ii) Details of all monies utilised out of each Tranche Issue Profit Before Tax 42,379.14 89,834.51 78,828.57 65,768.73 63,834.85 61,173.68 For further details on Capital Structure please refer to page no. 40 of the Shelf Prospectus. referred to in sub-item (i) shall be disclosed under an appropriate separate head in our balance sheet Provision for Taxation OBJECTS OF THE ISSUE indicating the purpose for which such monies were utilised; and (iii) Details of all unutilised monies out - Current Year 8, 47 7. 94 17 ,92 3. 13 13 ,51 2. 50 7, 50 0. 00 7, 22 7. 00 6, 37 5. 40 Issue Proceeds of the Tranche Issue referred to in sub-item (i), if any, shall be disclosed under an appropriate separate - Earlier Years - (5 0. 00 ) - ( 1. 53 ) - 431.31 The Company shall issue Bonds upto an aggregate amount of ` 6,30,000 lakhs in one or more tranche(s), head in our balance sheet indicating the form in which such unutilised monies have been invested. The Deferred Tax on or prior to March 31, 2012 pursuant to CBDT’s Notification No. 52/2011 [F.No. 178/56/2011-(ITA 1)] funds raised by us from previous bonds issues have been utilised for our business as stated in the - Current Year 13 ,74 8. 21 23 ,44 0. 98 21 ,04 7. 00 22 ,35 5. 92 14 ,45 1. 07 14 ,49 0. 53 dated September 23, 2011 which authorised the Company to raise tax free bonds aggregating up to ` respective offer documents. - Earlier Years - - 17 ,82 8. 37 - - 10,00,000 lakhs in the financial year 2011-12. Out of the said ` 10,00,000 lakhs, the Company has DISCLAIMER CLAUSE OF NSE & BSE : AS REQUIRED, A COPY OF THE DRAFT OFFER DOCUMENT HAS Fringe Benefit Tax - - - 6. 81 5. 45 6. 69 already raised through private placement route, tax free bonds aggregating ` 73,111 lakhs. BEEN SUBMITTED TO NSE & BSE (THE STOCK EXCHANGES). NSE & BSE HAVE GIVEN VIDE THEIR Net Profit after Tax 20,152.99 48,520.40 44,269.07 18,079.16 42,151.33 39,869.75 Utilisation of Issue Proceeds LETTER REF.: NSE/LIST/157151-7 AND DCS/SP/PI-BOND/07/11-12, RESPECTIVELY BOTH DATED Appropriations: The funds raised through this Issue will be utilized towards the following purposes: 1. Financing the JANUARY 19, 2012, PERMISSION TO THE ISSUER TO USE THE EXCHANGES’ NAME IN THIS OFFER Interim Dividend Paid - 10 ,00 0. 00 10 ,00 0. 00 10 ,00 0. 00 10 ,00 0. 00 16 ,00 0. 00 acquisition of rolling stock which will be leased to the MoR in line with present business activities; and DOCUMENT AS ONE OF THE STOCK EXCHANGES ON WHICH THIS ISSUER’S SECURITIES ARE Dividend Tax - 1, 66 0. 87 1, 69 9. 50 1, 69 9. 50 1, 69 9. 50 2, 24 4. 00 2. Financing the capacity enhancement works in the Indian Railways like gauge conversion, electrification, PROPOSED TO BE LISTED. THE EXCHANGES HAVE SCRUTINIZED THE DRAFT OFFER DOCUMENT Transfer to General Reserve - 5, 00 0. 00 4, 50 0. 00 1, 90 0. 00 4, 21 6. 00 4, 00 0. 00 doubling, traffic facilities and signalling and traffic works (“S&T Works”). For further details in relation FOR THEIR LIMITED INTERNAL PURPOSE OF DECIDING ON THE MATTER OF GRANTING THE Transfer to Exchange Variation Reserve - - - 1, 94 7. 00 897.00 3, 15 0. 00 to the aforesaid business and associated risk, see sections titled “Our Business” and “Risk Factors” AFORESAID PERMISSION TO THIS ISSUER. IT IS TO BE DISTINCTLY UNDERSTOOD THAT THE Transfer to Bond Redemption Reserve 20 ,15 2. 99 31 ,85 9. 53 28 ,06 9. 57 2, 53 2. 66 25 ,33 8. 83 14 ,47 5. 75 beginning on page 55 and 9 respectively of the Shelf Prospectus. We shall utilize the Issue proceeds AFORESAID PERMISSION GIVEN BY THE STOCK EXCHANGES SHOULD NOT IN ANY WAY BE DEEMED Total 20,152.99 48,520.40 44,269.07 18,079.16 42,151.33 39,869.75 only upon creation of security as stated in the Prospectus Tranche - 1 in the section titled — “Terms of the OR CONSTRUED THAT THE OFFER DOCUMENT HAS BEEN CLEARED OR APPROVED BY THE STOCK RESERVES AND DIVIDENDS : For details please refer to Annexure - I of the Shelf Prospectus. Issue - Security” and after permission or consent for creation of security pursuant to the terms of the EXCHANGES; NOR DO THEY IN ANY MANNER WARRANT, CERTIFY OR ENDORSE THE CORRECTNESS For changes in Accounting Policesand Financial Statements, please refer to Annexure - I of the Shelf Debenture Trust Deed sought to be provided as security. OR COMPLETENESS OF ANY OF THE CONTENTS OF THIS OFFER DOCUMENT; NOR DO THEY WARRANT Prospectus. The main objects clause of our Memorandum of Association permits our Company to undertake its THAT THIS ISSUER’S SECURITIES WILL BE LISTED OR WILL CONTINUE TO BE LISTED ON THE MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION : existing activities as well as the activities for which the funds are being raised through this Issue. EXCHANGES; NOR DO THEY TAKE ANY RESPONSIBILITY FOR THE FINANCIAL OR OTHER These contracts (not being contracts entered into in the ordinary course of business carried on by the Our Company is a public sector enterprise and, as such, we do not have any identifiable ‘group’ companies SOUNDNESS OF THIS ISSUER, ITS PROMOTERS, ITS MANAGEMENT OR ANY SCHEME OF PROJECT OF Company or entered into more than two years before the date of the Prospectus Tranche - 1) which are or or ‘companies under the same management’. Further, in accordance with the SEBI Debt Regulations, THIS ISSUER. EVERY PERSON WHO DESIRES TO APPLY FOR OR OTHERWISE ACQUIREANY SECURITIES IRFC will not utilize the proceeds of the Issue for providing loans to or acquisition of shares of any person OF THIS ISSUER MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATION AND ANALYSIS may be deemed material have been entered or are to be entered into by the Company. These contracts who is part of the same group or who is under the same management. AND SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGES WHATSOEVER BY REASON OF ANY and also the documents for inspection referred to hereunder, may be inspected on Working Days at the Interim use of Proceeds LOSS WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH Registered Office of the Company situated at UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi The Board of Directors of the Company, in accordance with the policies formulated by them from time SUCH SUBSCRIPTION/ ACQUISITION WHETHER BY REASON OF ANYTHING STATED OR OMITTED TO Road, New Delhi -110 003, India, from 10.00 a.m. and 12.00 noon on any working day (Monday to Friday) to time, will have flexibility in deploying the proceeds received from the Issue. Pending utilization of the BE STATED HEREIN OR ANY OTHER REASON WHATSOEVER. during which the Issue is open for public subscription under the Prospectus Tranche - 1. For further details proceeds out of the Issue for the purposes described above, the Company intends to temporarily invest Listing : The Bonds will be listed on NSE and BSE. We have obtained in-principle approval from NSE please refer to page no. 67 of the Prospectus Tranche - 1. funds in high quality interest bearing liquid instruments including money market mutual funds, deposits and BSE vide their letter no. NSE/LIST/157151-7 and letter no. DCS/SP/PI-BOND/07/11-12 DECLARATION with banks or temporarily deploy the funds in investment grade interest bearing securities or inter respectively, both dated January 19, 2012, for this Issue. If permission to deal in and for an official We, the Directors of the Company, certify that all applicable legal requirements in connection with the corporate loans as may be approved by the Board. Such investment would be in accordance with the quotation of the Bonds is not granted by NSE and or BSE, the Company will forthwith repay all Issue, including under the Companies Act, the SEBI Debt Regulations, and all relevant guidelines issued investment policies approved by the Board or any committee thereof from time to time. moneys received from the Applicants in terms of the relevant tranche prospectus. If such money is not by SEBI, the Government of India and any other competent authority in this behalf, have been duly Monitoring of Utilization of Funds repaid within eight days after the Company becomes liable to repay it (i.e. from the date of refusal complied with, and that no statement made in this Prospectus Tranche – 1 contravenes such applicable In terms of the SEBI Debt Regulations, there is no requirement for appointment of a monitoring agency or within seven days from the Tranche Issue Closing Date, whichever is earlier), then the Company legal requirements. in relation to the use of proceeds of the Issue. Our Board of Directors shall monitor the utilisation of the and every Director of the Company who is an officer in default shall, on and from such expiry of eight We further certify that this Prospectus Tranche – 1 does not omit disclosure of any material fact which may proceeds of the Issue. Our Company will disclose in our financial statements for the relevant fiscal days, be liable to repay the money, with interest at the rate of 15% p.a. on application money, as make the statements made therein, in light of circumstances under which they were made, misleading and commencing from Fiscal 2012, the utilisation of the proceeds of the Issue under a separate head along prescribed under Section 73 of the Companies Act. The Company shall use best efforts to ensure that that no statements in this Prospectus Tranche – 1are false, untrue or misleading, and that this Prospectus with any details in relation to all such proceeds of the Issue that have not been utilized thereby also all steps for the completion of the necessary formalities for listing at BSE and NSE will be taken Tranche – 1 does not contain any mis-statements. indicating investments, if any, of such unutilized proceeds of the Issue. We shall utilize the proceeds of within fifteen Working Days from the date of Allotment. Signed by all the Directors of the Company the Issue only upon the execution of the documents for creation of security as stated in the Shelf Dividend : The Company has consistently paid dividend of 68.97 %, 20 %, 20 %, 9.17 % & 6.24 % Ms. Vijaya Kanth - Chairperson / Nominee Director • Mr. Rajiv Datt - Managing Director • Mr. D. C. Arya - Prospectus in the section titled “Terms of the Issue - Security” on page 42 of Prospectus Tranche -1 and for the financial years ended March 31, 2007, March 31, 2008, March 31, 2009, March 31, 2010 & Director (Finance) • Mr. Rajesh Khullar - Nominee Director upon the listing of the Bonds. We propose to issue Bonds to NRIs on a non-repatriable as well as March 31, 2011 respectively. The Total dividend paid for the financial year 2010-11 was ` 10,000 Place: New Delhi • Date: January 19, 2012 8 INDIAN RAILWAY FINANCE CORPORATION LIMITED