INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED : APPLICATION FORMS AVAILABLE AT FOLLOWING LOCATIONS
LEAD MANAGERS
JM FINANCIAL CONSULTANTS PRIVATE LIMITED LOCATIONS WOULD BE SAME AS GIVEN BELOW FOR JM FINANCIAL SERVICES PRIVATE LIMITED
ICICI SECURITIES LIMITED
●
AGRA: ICICI Securities Ltd., Mr. Shivang Gupta, 13a, 1st Floor, Sadar Bazar, Agra-282002, Tel: 9219439387; AHMEDABAD: ICICI Securities Ltd., Ms. Vrunda Shastri, Shop No 6, Sun Complex, C G Road, Ahmedabad-380009, Tel: 079-64501668; ICICI Securities Ltd., First Floor Shop No 119, Akshar Commercial Complex Nr.Shivranjani Cross Road, Satellite Road, Ahmedabad-380015, Tel: 079-40060134; ICICI Securities Ltd., Mr. Akhilesh Tiwari, Ground Floor, Shop No 4 & 5, Shilp Corner, Subhash Chowk, Gurukul Road, Memnagar, Ahmedabad380052, Tel: 079-40059883; ICICI Securities Ltd., Mr. Rudraxsingh Dixit, First Floor, Shop No. 106/107, Krishnabaug Char Rasta, Kesharkunj Complex Maninagar, Kesharkunj, Maninagar, Ahmedabad-380008, Tel: 079-65411235; ICICI Securities Ltd., Mr. Nikunj Agrawal, Ground Floor Shop No 39,40,41,42, Sarjan 2, 100 Feet Road,Sarjan 2,New C.g Road,Chandkheda, Ahmedabad-382424, Tel: 079-65445296; ICICI Securities Ltd., Mr. Sudhir Kanchan, Sardar Centre, Grd Floor, Shop No. 31 To 35, Near Vastrapur Lake, Vastrapur, Ahmedabad-380015,
Tel: 079-40035920; ICICI Securities Ltd., Mr. Aalap Shah, Shop No. 1,2,3,4,Suvas Complex, 1st Floor, Above ICICI Bank,Opp. Rajasthan Hospital, Shahibaug, Ahmedabad-380004, Tel: 079-65411338; ALLAHABAD: ICICI Securities Ltd., Mr. Satyajit Nag, 27/17, 1st Floor, Algin Road, Civil Lines, Allahabad-211001; AMRITSAR: ICICI Securities Ltd., 3, Lawrence Road, Amritsar-143002, Tel: 0183-5019992; AURANGABAD: ICICI Securities Ltd., Mr. Deepesh Kapoor, Gr. Floor, Ghai Chambers, Jalna Road, Aurangabad-431001; BANGALORE: ICICI
Securities Ltd., Mr. Deep Kumar, 73/1-1, Krishna, Infantry Road, Bangalore-560001, Tel: 080-41239413; ICICI Securities Ltd., Mr. Nagaraj B, First Flr, CNN & Yashosha Complex,No.87 , HBCS Layout, Near West Of Chord Road Shankarmath Circle, Opp Chord Hospital, Basweswar Nagar, Bangalore-560079, Tel: 080-41288270; ICICI Securities Ltd., Mr. Lakshmipathi Bt, First Floor, No. 9/1, Cambridge Road Layout, First Cross, Bangalore-560008, Tel: 080-64526810; ICICI Securities Ltd., Mr. Vipin Trivedi, First Floor, No.778/A, Chinnaswamy Chambers,
off CMH Road Indira Nagar, Bangalore-560038, Tel: 080-41261159; ICICI Securities Ltd., Mr. Anand Moitra, Sriranga Complex, No. 77, First Floor, Dr. Modi Road, 2nd Stage West Of Chord Road, Bangalore-560086, Tel: 080-64526798; ICICI Securities Ltd., Mr. Ramkumar Tallam, First Floor No.50 Little Plaza, Cunningham Road, Bangalore-560052, Tel: 080-41231688; ICICI Securities Ltd., Mr. Deepanker Roy, First Floor,135/5, 15th Cross, 100 Ft Ring Road,3rd Phase, J P Nagar, Bangalore-560078, Tel: 080-41208808; ICICI Securities Ltd., First
Floor, No 81/B, 22Nd Cross, Jaya Nagar, 3rd Block, Bangalore-560041, Tel: 080-41308445; ICICI Securities Ltd., Mr. Vinu Krishnan, No:399 ,White Gold,1st Floor, 24th Cross, Bhanashankari II Stage, Bangalore-560070, Tel: 080-26713969; ICICI Securities Ltd., Mr. Pawan Gupta, Second Floor, No:4C-402, HRBR Layout Kamanahalli, II Block, Bangalore-560043, Tel: 080-64526802; ICICI Securities Ltd., 1039/B,2Nd Floor, 2Nd Main, Near Manovana Bus Stand, Vijaynagar, Bangalore-560040, Tel: 080 41270890; ICICI Securities Ltd., Mr. Rajesh
Pasupulati, First Floor No. 209, New Bel Road, Bangalore-560054, Tel: 080-41675355; ICICI Securities Ltd., Mr. Changappa Mm, #105, A.E.C.S. Layout, 2nd Stage 5th Main Post Office Road, Sanjay Nagar, Bangalore-560094, Tel: 080-64526801; ICICI Securities Ltd., Mr. Rajkumar Ar, First Floor, No: 430/363, NH7, Santhey Circle, Ballary Road, Yelalhanka, Bangalore-560063, Tel: 080-41686223; ICICI Securities Ltd., Mr. Pratik Vora, 6/1, Ghandi Bazar, First Floor,Basavanagudi, Main Road, Bangalore-560004, Tel: 080-41692569; ICICI Securities
Ltd., Mr. Rajeev K, No.2, 100ft Ring Road, Katriguppa Circle, Bhanashankari III Stage, Bangalore-560085, Tel: 080-41711313; ICICI Securities Ltd., Mr. Prakash Srivastava, No 72/1-B,Kanakapura, Mani Road, Jarganahalli, Kanakapura Road, Bangalore-560078, Tel: 080-41461441; ICICI Securities Ltd., Mr. Mohammed Alam, 290/1, 11th Cross, Wilson Garden, Bangalore-560027, Tel: 080-64526482; ICICI Securities Ltd., Mr. Ashish Shrivastava, No. 121, Atr Complexe, Murugesh Palaya, Airport Road, Bangalore-560017, Tel: 080-64528748; ICICI
Securities Ltd., Mr. Manish Kumar, No.20, 1st Main, Gandhinagar, Bangalore-560009; ICICI Securities Ltd., Mr. Vijay K, No. 46, 100 Feet Road, First Floor, Koramangala, 6th Block, Koramangala, Bangalore-560095; BHOPAL: ICICI Securities Ltd., 2, Malviya Nagar, Opp. Old Vidhan Sabha, Malviya Nagar, Bhopal-462001; ICICI Securities Ltd., Mr. Kulvinder Arora, B-16, Indrapuri, Bhopal-462001; BHUBANESHWAR: ICICI Securities Ltd., Mr. Susanta Swaro, Ground Floor,Plot No-99 Janpath, Unit-3, Kharbelnagar, Janpath, Bhubaneshwar-751001;
CHANDIGARH: ICICI Securities Ltd., SCO-181/182, 1st floor, Next to British Library,Sector 9C, Chandigarh-160017, Tel: 0172-6510232; ICICI Securities Ltd., Mr. Sandeep Kaura, Sco 62, Sec - 47C, SEC 47C, Chandigarh-160047; CHENNAI: ICICI Securities Ltd., Mr. Ferin Francis, Shop No. 10 & 11 Arihant Vaikunt, No 123, Brick Kiln Road, Purasawalkkam, Chennai-600007, Tel: 044-43546139; ICICI Securities Ltd., Mr. Senthilkumar Ar, Ashok Sriranga, No.1, 9th Street, Nanganallur, Chennai-600061, Tel: 044 23460211; ICICI Securities Ltd., Mr.
Wilson A, Ground Floor, Plot No. 1072 Munusamy Salai, Next To Pondicherry Guest House, West K K Nagar, Chennai-600078, Tel: 044-23460262; ICICI Securities Ltd., Mr. Saravanan B, 405, Tiruvalluvar Salai, Paneer Nagar, Mogappair, Chennai-600037, Tel: 044-24360227; ICICI Securities Ltd., MR. Vikas Gupta, First Floor T-1, Yesesi Supermarket Building Annanagar, Chennai-600040, Tel: 044-23460215; ICICI Securities Ltd., First Floor,New No. 87/2, Old No. 6/17, Annasalai, Mount Road., Chennai-600002, Tel: 044-23460220; ICICI Securities
Ltd., Mr. Mohammed Khaleed, Flat No 4, 70/27, North Mada Street Mylapore, Chennai-600004, Tel: 044-23460202; ICICI Securities Ltd., Mr. Ajaykumar Vishwakarma, 475, Kilpauk Garden Road, Chennai-600010, Tel: 044 23460234; ICICI Securities Ltd., Mr. Ganesan M, Pvm Complex, Plot No 1& 2, Vgp Vimala Nagar Velacherry Mani Road, Medavakkam, Chennai-600100, Tel: 044-22772691; ICICI Securities Ltd., 1,3Rd Cross Street, Kasturibai Nagar, Adyar, Chennai-600020, Tel: 044 23460211; ICICI Securities Ltd., Mr. SUNEESH EM, Ground
Floor, No. 17, Arunachalam Road Saligramam, Chennai-600093, Tel: 044-23460253; ICICI Securities Ltd., Mr. Panchapakesan S, Shop No. 2, Century Plaza,560-562,Annasalai, Teynampet, Chennai-600018; ICICI Securities Ltd., Mr. Shanaullah M, No. 228, Thambu Chetty Street, Parrys, Chennai-600001; COIMBATORE: ICICI Securities Ltd., Mr. Sureshkumar S, 444, X-cut Road, Gandhipuram, Coimbatore-641012; COCHIN: ICICI Securities Ltd., Mr. Rijith Menon, First Floor,Adonai Towers, S.A.Road,Cochin-682016, Tel: 0484-4011946; ICICI
Securities Ltd., Mr. Vipin Nair, 44/2102-C, Deshabhimani Junction, Kaloor, Kochi-682017; ICICI Securities Ltd., Mr. Manasseh Olickal, 1St Floor, Prabhus Towers, Mg Road, North End, MG Road, Kochi-682035; DEHRADUN: ICICI Securities Ltd., Mr. SUNIL SHARMA, 81A, Rajpur Road, Uttam Place, Dehradun, Uttam Place, Dehradun-248001; GHAZIABAD: ICICI Securities Ltd., Mr. Ajat Shatru, Office No S-4,5,7 & 8,Ground Floor, Girdhar Plaza.Plot No.H-1,Block No.B, Shalimar garden,Sahibabad, Ghaziabad-201005, Tel: 0120-2639752; ICICI
Securities Ltd., Mr. Anuradha Singh, Ground Floor, Supertech Icon, Nayay Khand-I, Indira Puram,Ghaziabad-201010, Tel: 9810314264; GURGAON: ICICI Securities Ltd., Mr. Shalabh Maheshwari, Sco 4, Sector 14, Sco 4, Gurgaon-120001; GUWAHATI: ICICI Securities Ltd., Mr. Nilanjan Roy, 3rd & 4th Floor, D.R.Braj Mohan Building, Opp. Abc Bus Stand, G.S.Road, Guwahati-781005; HUBLI: ICICI Securities Ltd., KVM Plaza, 1st Floor, Next to JTK Show Room, Club Road (Bellow VLCC), Hubli-580029, Tel: 0836-4265221; HYDERABAD: ICICI Securities
Ltd., Mr. Ravikumar Nangunoori, D. No. 19-64, 1St Floor, Prasanna Heights Brundavan Colony, Opp. A. S Rao Nagar Colony, Hyderabad-500062, Tel: 040-64530409; ICICI Securities Ltd., Mr. Sitaraman H, 1St Floor,Shop No.1,2&3, Sreeram Rama Towers, Chaitanyapuri, Dilsukhnagar, Hyderabad-500060, Tel: 040-64530404; ICICI Securities Ltd., Mr. Vasudebo Naram, D No. 2-2-1130/25A, Chintala Arcade Sivam Main Road, Prasanth Nagar New Nalllakunta, Hyderabad-500044, Tel: 040-64530412; ICICI Securities Ltd., Mr. Manohar M, 1st Floor,36-517,Shop No-103, Sai Datta Arcade, Himayatnagar, Main Road, Hyderabad-500029, Tel: 040-64530452; ICICI Securities Ltd., Mr. Sudheer KBN, Ground Floor, 101 & 102, Prashanthi Ram Towers,Behind Saradhi, Studio Yellareddy Guda., Hyderabad-500073, Tel: 040-64530456; ICICI Securities Ltd., Mr. Gblaxminarayana Raju, Ground Floor, 11-4-659, Bhavya Farooqi Splendid Towers, Red Hills, Lakdikapool, Hyderabad-500004, Tel: 040-64530474; ICICI Securities Ltd., Mr. Kishore Podichetty, First Floor,B- 44, Journalist Colony, Film Nagar Road,
Jubilee Hills, Hyderabad-500016, Tel: 040-64530463; ICICI Securities Ltd., Mr. Maheshwar MN, First Floor, 6-3-111, Amrutha Mall Somajiguda, Hyderabad-500082, Tel: 040-64530440; ICICI Securities Ltd., Mr. Srikanth Kommala, First Floor, D.No.1-10-209,Kamala Towers Ashoknagar, Hyderabad-500020, Tel: 040-64530480; ICICI Securities Ltd., Mr. Bhavyesh Savadia, Ground Floor, Plot No-03, Kimtee Banjara Heights, Road No-12, Banjara-hills, Hyderabad-500034, Tel: 040-64530477; ICICI Securities Ltd., Mr. Srinivasarao Muddapati, 32/3rt, First
Floor, Municipal No.7-1-261/92E, Sanjeeva Reddy Nagar,Opp Nest Apartment, S R Nagar, Hyderabad-500038, Tel: 040-64530497; ICICI Securities Ltd., Mr. Shibasis Samantsinghar, First Floor, Concourse Building, Opp:Meridian Plaza,Green Lands Road, Ameerpet, Hyderabad-500016, Tel: 040-64530418; ICICI Securities Ltd., Mr. Narendar Konduparthy, Plot No 3 & 4, Sreerama Towers, Opp: Andhra Bank, Miyapur., Hyderabad-500049, Tel: 040-64530492; ICICI Securities Ltd., Mr. Pratap Singh, 214 MIG KPHB Colony, Road No.1,Near KPHB Kaman,
Kukatpalli, Hyderabad-500072, Tel: 040-64530432; ICICI Securities Ltd., Mr. Husna Haji, Groud Flr,D.No:1-8-138 To 143, Krishna Castle, Besi - Heritage Flights ,Penderghast Road, Secunderabad-500003, Tel: 040-64530400; ICICI Securities Ltd., Mr. Pradeepkumar Maduri, D No. 3-6-100/B, Ground Floor, Opp. Vijaya Bank, West Marredpally, Secunderabad-500026, Tel: 040-64530429; ICICI Securities Ltd., Mr. Bura Rajkumar, Ground Floor, Plot No 29, Opp. Cyber Towers, Hi- Tech City,Madhapur, Secunderabad-500033, Tel: 040-64530444; ICICI
Securities Ltd., Mr. Rahul Karra, A-G-1 & A-G-2, Conjeevaram House, Padmarao Nagar. Secunderabad-500025, Tel: 040-64530500; ICICI Securities Ltd., Mr. Mohammed Pasha, Ground Floor,Survey No.19/A,Ward No1 D. No. 4-65/5, Street No,8 Habsiguda, Secunderabad-500007; INDORE: ICICI Securities Ltd., Mr. Abhishek Gupta, UG 5/6, Royal Road Gold, A.Y.N.Road, Indore-452001, Tel: 731-4205430; ICICI Securities Ltd., Ug-6, Ug-7, Shekhar Residency, Opp HoTel: Forture Land Mark, Scheme - 54, Sector F, Shekhar Residency, Indore452001; ICICI Securities Ltd., Mr. Anuj Pandey, 1st Floor, Anjani Plaza, Ashok Nagar, Indore-452001; JABALPUR: ICICI Securities Ltd., Mr. LEO FRANCIS, 655, Napier Town, Katanga Gorakhpur Crossing, Jabalpur-462001; JAIPUR: ICICI Securities Ltd., Mr. Amit Singh, G-34,Ganpati Paradise, Central Spine, Vidhyadhar Nagar, Jaipur-302023, Tel: 0141-5119281; ICICI Securities Ltd., Mr. Govind Choudhary, Gr.Floor, Opp. G. P. O. M I Road, M I Road, Jaipur-302001, Tel: 0141-4027611; ICICI Securities Ltd., Mr. Alok Mukerjee, Shop No. G-8,G-9,
Vaishali Tower II, Vaishali Nagar, Nursery Circle, Jaipur-302021, Tel: 0141-4027601; ICICI Securities Ltd., Mr. Durgesh Kanwar, A-2, Lal Kothi Shopping Center, Near Lakshmi Mandir Cinema, Tonk Road, Jaipur-302015, Tel: 0141-4027618; ICICI Securities Ltd., 4Th Floor, A-34, Prabhu Marg, Opp. AC Market, Raja Park, Jaipur-302001; JALLANDHAR: ICICI Securities Ltd., 188, Model Town, Jalandhar-144001; JAMNAGAR: ICICI Securities Ltd., 3Rd Floor, Cross Road Complex, Opp. D.K.V. College, Bedi Bunder Road, Jamnagar-361008; ICICI Securities
Ltd., Plot No. 1, Office No. 6, 1St Floor, Mirambika Commercial Estate, Opp. Ril Main Gate, Moti Khavadi, Jamnagar-361140; JAMSHEDPUR: ICICI Securities Ltd., Mr. Deepak Ranjan, Gayatri Enclave, 2nd Floor (Rear Portoin), Bistupur, Jamshedpur-831001, Tel: 0657 - 6576455; JODHPUR: ICICI Securities Ltd., Gul-Indi Bhawan, 1st Floor, Plot No. 9/A/B/I and III, Ratanada, Nr. Punjab National Bank, Ratanada Road, Bhati Circle, Jodhpur-342001; KANPUR: ICICI Securities Ltd., Mr. Ranjan Shukla, 111/432, 80 Ft Road, Ashok Nagar, Kanpur-208001;
KOLKATA: ICICI Securities Ltd., Mr. Arindam BiswaS, Sriniketan, Howrah, AC Market 20, Dobson Road, Howrah-711101, Tel: 033-64509810; ICICI Securities Ltd., Mr. Arindam Saha, 30-G, Chowringee Mansion,J L Nehru Road, Park Street., Kolkata-700016, Tel: 033-22275034; ICICI Securities Ltd., 112A, Third floor, Rash Behari Avenue, Kolkata-700029, Tel: 033 ? 65502101; ICICI Securities Ltd., Mr. Amullya Biswas, Victoria Plaza,385, Garia Main Road, Kolkata-700084, Tel: 033-64506571; ICICI Securities Ltd., Mr. Nitish Shrivastava, 339, Canal
Street, Lake Town, Kolkata-700048; ICICI Securities Ltd., Mr. Madhuri Gupta, 95, Dumdum Road, Kolkata-700074; ICICI Securities Ltd., Mr. Subhankar Datta, Gr. And 2Nd Floor, 97/4, B.T. Road, B.T. Road, Kolkata-700090; KOTTAYAM: ICICI Securities Ltd., 2nd floor,Ashirwad Towers,No.3, Block 54, Shastri Road, Kottayam-686001, Tel: 4816451011; LUCKNOW: ICICI Securities Ltd., Mr. Ravi Bhalla, Ground Floor, Landmark Arcade2, Badshah Nagar Crossing Faizabad Road, Lucknow-226006, Tel: 0522-4047519; ICICI Securities Ltd., Mr. Anuj Rastogi,
Raj Palace, A1/15, Sector H, Purania Chauraha, Aliganj, Lucknow-226024, Tel: 0522 - 4048855; ICICI Securities Ltd., Mr. Prashant Gupta, S/268, E Block Market, Awasthi Complex,Rajajipuram, Lucknow-226017, Tel: 0522-4046306; ICICI Securities Ltd., Mr. Nitesh Tiwari, First And Second Floor, Speed Building, 3, Shahnajaf Road, Lucknow-226001; LUDHIANA: ICICI Securities Ltd., Mr. Gurpreet Mangat, Sayal Complex, Near Cycle Market, Gill Road, Ludhiana-141001; MEERUT: ICICI Securities Ltd., Mr. Vineet Choudhary, P P Plaza, Plot No. 177/
1, Mangal Pandey Nagar, Meerut-250005, Tel: 0121-4022012; MUMBAI: ICICI Securities Ltd., Mr. Mitesh Shah, H T Parekh Marg, Chuhrchgate, Mumbai-400020, Tel: 022-66377350; ICICI Securities Ltd., Mr. Yogesh Laad, Sawan Knowledge Park, Groud Floor, Plot No. D-507, TTC Industrial Area, Near Jui Nagar Railway Station, Navi Mumbai-400707, Tel: 40701089; ICICI Securities Ltd., 1st Floor, Gopi Cinema Mall, Dombivali (W)-421202; ICICI Securities Ltd., Shop no 11, Megh Apartment, Junction of factory lanes & LT Road, Megh Apt -Boriwali(w),
Mumbai-400092; ICICI Securities Ltd., Mr. Yagya Agarwal, Jaya Apartments, R B Mehta Road, Near Patel: Chowk, Ghatkopar (E),Mumbai-400075, Tel: 022-65972581; ICICI Securities Ltd., Mr. Sankalp Kumar, Shop no. 9,10, Meriline Corner, Near Sion Circle, SION (E), Mumbai-400022, Tel: 022 65972877; ICICI Securities Ltd., Shop No. 1 & 2, Dilkush Bungalow, J. P. Road,Andheri (W), Mumbai-400058, Tel: 022-65972185; ICICI Securities Ltd., 56/57, Saraf Choudhari Nagar Co. Op. Soc., Thakur Complex, Kandivali East, Kandivali (E), Mumbai-400101,
Tel: 022-65972165; ICICI Securities Ltd., Mr. Mudassar Valsangkar, Shop No. 26, 27 & 51, Gr.Floor, Ashoka Shopping Centre, LT Marg, GT Hospital Compound, Marine Lines, Mumbai-400002, Tel: 022-65972151; ICICI Securities Ltd., Mr. Pushparaj Patel, 1A&2, Balaji Arcade S.V Road Kandivili (W), Mumbai-400067, Tel: 022-67252026; ICICI Securities Ltd., Mr. Bhavin Gandhi, Ground Floor, Jayshree Plaza, L.B.S. Marg, Bhandup (W), Mumbai-400078, Tel: 022-67252071; ICICI Securities Ltd., Mr. Mehul Shah, Gr.Floor,Shop No.7,8,9, Anand Vatika,
Siddharth Nagar, Nr City Centre, S V Road, Goregaon (W), Mumbai-400062, Tel: 022-65145413; ICICI Securities Ltd., Mr. Kuldeep Soni, Gr Floor, Devraj Mall, Krishna Kunj Hsg Soc., Harishankar Joshi Road, Opp. Madhuram Hall, Dahisar (E)., Mumbai-400068, Tel: 022 65973037; ICICI Securities Ltd., Mr. Vivek Srinivasan, 1St Floor Sai Kiran,Central Avenue 11Th Road Junction, Chembur., Mumbai-400074, Tel: 022 67706455; ICICI Securities Ltd., Radha Kunj, Azadnagar, Vile Parle West, Mumbai-400056, Tel: 022 66712660; ICICI Securities Ltd.,
Mr. Renuka Phatak, Gr. Floor, Vardhaman Apt., 40, Hanuman Road, Vile Parle (E), Mumbai-400028; ICICI Securities Ltd., Gr. Floor, Shop No. 2, Grace Chamber, Amrit Nagar, Chakala, Andheri (E), Mumbai-400093; ICICI Securities Ltd., 227, Gr. Floor, G-2A, Nariman Bhavan, Nariman Point, Mumbai-400021; ICICI Securities Ltd., Mr. Kshitij Sharma, Shop No 4,5,6,7 Roop Maya Co-Op Hsg.Soc., Sector 6, Airoli, Mumbai-400708, Tel: 022 65143243; ICICI Securities Ltd., Mr. Anup Kumar, Shop No.6,7 & 8,Ground Flr., Vaishnavi Tower,Sector-44 Nerul
(W)., Sec-44, Navi Mumbai-400706, Tel: 022 65143650; ICICI Securities Ltd., Mr. Amitkumar Tulsyan, Apsara Building, Shop No. 4, Sector - 17, Vashi., VNavi Mumbai-400702, Tel: 022 67124805; ICICI Securities Ltd., Mr. Amit Raj, Gr. Floor, Tulsi Pooja Shopping Center, New Panvel (E).Navi Mumbai-410206, Tel: 022 65143687; ICICI Securities Ltd., Mr. Vikas Sharma, Shop No. 1, Bhomi Tower, Sec - 4, Plot No. 28, Kharghar, Navi Mumbai-410210; ICICI Securities Ltd., Mr. Rajnish Pathak, Ground Floor, Block 1, Shop No 3, Emerald Plaza, Hiranandani
Meadows,Glady Alvares Marg, Off Pokhran Road No. 2,Thane (W), Thane-400610, Tel: 022-67252084; ICICI Securities Ltd., Olympia BldgPoonam Sagar, Mira Road (E), Thane-401107, Tel: 022-65972171; ICICI Securities Ltd., 1St Floor, Office No. 2, Gaurangi Chambers, Opp. Damani Estate, L.B.S. Marg. Thane-400602, Tel: 022-65970665; ICICI Securities Ltd., Ground Floor, Galleria, Talao Pali, Thane (West), Thane-400602; MYSORE: ICICI Securities Ltd., Natraj Aracade, # MIG 35, Urs Road, First floor, HUDCO 1st stage, Kuvempunagar, Opp.
Akshay Bhandar, Mysore-570023; ICICI Securities Ltd., Mr. Kirankumar NP, D. No. 86/3A, Panabvati Circle, Kalidasa Road, Jayalakshmipuram, Mysore-570012; NAGPUR: ICICI Securities Ltd., Mr. Suman Bhattacharya, Ground Floor, Plot No.263 &264, BrijBhumi Complex., Nagpur-440008, Tel: 0712-6631611; ICICI Securities Ltd., Mr. Amit Gondewar, Ganesh Heights, Kotwal Nagar, Ring Road, Khamla, Nagpur-440015, Tel: 0712 - 6452494; ICICI Securities Ltd., Mr. Ravindra Akhare, First Floor,Shop No. 138 To 140 Shree Ram Shyam Towers, Sadar
- Hub, Nagpur-440001, Tel: 0712-6631608; NASHIK: ICICI Securities Ltd., Mr. Jigar Joshi, Ground Floor, Plot No. 7, Mahindra Memorial Centre, Near Babu Bunglow, Rathchakra Chowk, Vadala- Pathardi Road, Indira Nagar, Nasik-422009, Tel: 0253 6572116; ICICI Securities Ltd., Mr. Kalpesh Solanki, Shop No. 67, 68, Vasant Market, Canada Corner, Nasik-422002; NEW DELHI: ICICI Securities Ltd., B-1,B-2, Third Floor, Above Hot Spot,Janakpuri, New Delhi-110058, Tel: 011-64546535; ICICI Securities Ltd., Mr. Sakshi Sawhney, Gr. & 1st Floor,Premises
No F-3/28, Abadi Krishna Nagar,Shahdara Village Ghondali, New Delhi-110051, Tel: 011-22097257; ICICI Securities Ltd., Mr. Jagdeep Singh, Ground Floor, UG-05,Upper Gr. Floor,Vikas Surya Plaza, 7 Community Centre, Road No. 44, Pitam Pura, Rani Bagh, New Delhi-110034, Tel: 011-42644297; ICICI Securities Ltd., Mr. deepak jindal, Ground Floor, Plot No. 24 ,25, LSC, Mayur Vihar-II, New Delhi-110091, Tel: 9810898215; ICICI Securities Ltd., Mr. Jaydev Mandal, Ground Floor & Mezzanine, Ab-11,Community Center, Safdarjung Enclave, New
Delhi-110029, Tel: 011-46026136; ICICI Securities Ltd., Mr. Nittin Uppal, Ground Floor & Mezzanine, 29, Community Centre, Naraina Industrial Estate, Phase - I, New Delhi-110028, Tel: 011-45009954; ICICI Securities Ltd., Building No 4, 1St Floor, SMR House, Basant Lok Vasant Vihar, New Delhi-110057, Tel: 011-46039807; ICICI Securities Ltd., Mr. Dhirender Rawat, 1st Floor, Shop No. 39, Pushpa Market, Lajpat nagar II, New Delhi-110024, Tel: 9910692530; ICICI Securities Ltd., Mr. Ravikumar Sharma, Ground Floor Plot no-8A Block No.E,Hauz
Khas, New Delhi-110016, Tel: 011-41654853; ICICI Securities Ltd., Mr. Mohammad Aamir, Ground Floor & First Floor, Plot No 17, Community Center, Mayapuri, New Delhi-110064, Tel: 011-45501297; ICICI Securities Ltd., Mr. Ajay Grover, Ground Floor 4435-3/6, Portion 4/7 Ansari Road, Next to Corrporation Bank ATM, Daryaganj, New Delhi-110002, Tel: 011-43540813; ICICI Securities Ltd., Mr. Ravish Singh, Gr. Floor , 1St Floor, Plot No-10, LSC Rajdhani Enclave, Vikas Marg, Rajdhani Enclave, Near Karkardooma, New Delhi-110092, Tel: 9971091474;
ICICI Securities Ltd., Mr. Mayank Kheror, Ground Floor, Rohini Sector-9, Near Kadambri CGHS Ltd, New Delhi-110085, Tel: 9910692511; ICICI Securities Ltd., Ground Floor & Upper, 22, Central Market, Ashok Vihar, New Delhi-110052, Tel: 011-47023584; ICICI Securities Ltd., Mr. VIshal Narang, Unit F-7,8,9,10,11,12,13,14, Malik Buildcon Plaza-2 Pocket-V, Sec 12, Dwarka,New Delhi-110075, Tel: 011- 45537264; ICICI Securities Ltd., Gr. Floor 30/5, Nangia Park Circle, Shakti Nagar, Nangia Park, New Delhi-110007, Tel: 011- 47013716; ICICI Securities
Ltd., Mr. Deepak Thakur, Ground Floor, 3C/4, New Rohtak Road, New Delhi-110005, Tel: 9910990777; ICICI Securities Ltd., First Floor (Left Side), DDA Shopping Complex, Alaknanda, New Delhi-110019, Tel: 011 - 41767514; ICICI Securities Ltd., Plot No. 13, Community Centre, New Friends Colony, New Delhi-110065, Tel: 011- 41672696; ICICI Securities Ltd., Mr. ARindam Biswas, 179 - 182, Dda Office Complex, Rajendra Bhawan, Rajendra Palace,New Delhi-110008; ICICI Securities Ltd., Mr. Supreet Arora, Shop No. 45 & 46, Tilak Nagar, New
Delhi-110018; ICICI Securities Ltd., Mr. Swapna Sharma, Shop No. 1, I Pocket, Dilshad Garden, New Delhi-110095; ICICI Securities Ltd., Mr. Manish Mahajan, 114/115,1St Floor,Arunachal Bldg 19, Barakhamba Road,Connaught Place,New Delhi-110001; ICICI Securities Ltd., Mr. Puja Kumari, J2/21, 1St Floor, Rajouri Garden, New Delhi-110027; NOIDA: ICICI Securities Ltd., Mr. Sarfaraz Ahmed, 16, 15, 14, & 12-A, Ground Floor, Msx Tower II, Greater Noida-201306; ICICI Securities Ltd., Mr. Rakesh Ranjan, B 1/34-35,Central Market, Sector-50, Noida
Sector 50, Noida-201301, Tel: 9810139014; PATNA: ICICI Securities Ltd., Mr. Anup Srivastwa, ICICI Bank Premises,Sumitra Sadan, Boring Road Crossing, Patna-800001, Tel: 0612 - 2205690; PONDICHERRY: ICICI Securities Ltd., Mr. Prabhu Ponnusamy, Gr. Floor, Avn Plaza, 100 Ft Road, Gayatri Nagar, Mudaliarpet, Pondicherry-605004; PUNE: ICICI Securities Ltd., Mr. Binod Kumar, Ground Floor, Abhimanshree Apartments-2 Condominium, Bhuvaneshwar Society, Aundh, Pune-411007, Tel: 020-64009578; ICICI Securities Ltd., Mr. Reshma Sawant,
Ground Floor, Sheetal Plaza CTS No. 1125,Final Plot No.499, Model Colony, Shivajinagar,Bhamburda, Pune-411016, Tel: 020-64009581; ICICI Securities Ltd., Mr. Vijay Avhad, Rama S.No 682/A, CTS No 1048Plot No 49, Chatrapati Rajaram Co-Op Hou.Soc, Jedhenagar,Bibwewadi, Pune-411037, Tel: 020-64780045; ICICI Securities Ltd., Mr. Rohan Kulkarni, Office No.3, Teddies Apartment Opp. Gera Junction, Kondhawa,Pune-411048, Tel: 020 64789996; ICICI Securities Ltd., Gr. Floor & Mezzanine,Krishnakunj, S No.211, Hissa No. 2E, Plot No.
17, Kalyaninagar, Yerwada, Pune-411006, Tel: 020-64000280; ICICI Securities Ltd., Gr. Floor & BasementPramila Apt, Plot No. 16, Beside HoTel: Kamat, Dahanukar Colony Circle, Kothrud, Pune-411029, Tel: 020-64000279; ICICI Securities Ltd., Mr. Ravindra Bhandari, Gr.Floor, 86A,Survey No.390/1684-1, M.G.Road, Opp. Kohinoor Restaurant, Camp, Pune-411001, Tel: 020 64000284; ICICI Securities Ltd., Mr. Sameer Date, Groud Floor, Premsagar,H Wing, Near PCMC Auditorium, Chinchwad, Pune-411033, Tel: 020-27463416; ICICI Securities
Ltd., Mr. Ruchi Singh, Shop No 1 & 2 Gr. Floor, Sneh Bldg, Cts No 1404, Near Jamtani Cross, Pimpri, Pune-411017, Tel: 020-26451574; ICICI Securities Ltd., Mr. Aniruddha Joshi, Ground Floor, near Vishal Megamart, KPCT B Wing, S No.16,Hisa No.1/1, CTS No.912, Wanawadi, Fatimanagar., Pune-411040, Tel: 020-64009551; RAJKOT: ICICI Securities Ltd., Mr. Manish Savaliya, 1st Floor, Shantiniketan Complex, 150 Feet Ring Road, Opposite KKV Hall, Rajkot-360007, Tel: 0281-6451154; RAIPUR: ICICI Securities Ltd., Mr. Subratkumar Panigrahi,
Maruti Business Park, Ff-03, Ge Road, Raipur-492001;RANCHI: ICICI Securities Ltd., Mr. Satya Saurabh, First Floor, Ranchi Club Complex , Main Road, Ranchi-834001; SURAT: ICICI Securities Ltd., Mr. Jigar Desai, Shop No.35,36 & 37,2Nd Floor, Shreeji Arcade Complex, Anand Mahal Road,Adjan Road, Surat-395009, Tel: 0261-6548419; ICICI Securities Ltd., Mr. Hitesh Parmar, G/10, 11, 12, Sarthi Complex, Hira Baug, Warachha, Surat-395006, Tel: 0261-6548438; ICICI Securities Ltd., Mr. Nirmal Panchal, 1st Floor, Viishal Chambers, Nr. Athwagate
Charrasta,Besides Sardar Bridge, Surat-395001, Tel: 0261-6548407; TRIVENDRUM: ICICI Securities Ltd., Mr. Suraj Sukumaran, 2 Nd Floor,Kamala Towers, Vazhuthacaud, Trivandrum-695014; UDAIPUR: ICICI Securities Ltd., Mr. Vikram Singh, Sf, 5C, Madhuvan, Above Kotak Mahindra Bank, Udaipur-313001; VADODARA: ICICI Securities Ltd., Ground Floor, Gardenview Chambers,Opp Kala Ghoda Circle, Sayajiganj, Vadodara-390005, Tel: 0256-6540546; ICICI Securities Ltd., Mr. Chirag George, Amrapali Complex, 1St Floor, Shop No. 142, 143,
144, 145, 146, Water Tank Road, Karelibaug., Vadodara-390018, Tel: 0278-2433288; ICICI Securities Ltd., Rutukalash Complex, Gr Floor, Shop No 7,8,9 Tulsidham Char rasta, Manzalpur, Vadodara-390011, Tel: 0265 6566911; ICICI Securities Ltd., Mr. Divyanand Tiwari, 1st Floor, Gokulesh II, 96 Sampatrao Colony,R.C.Dutta Road, Alkapuri., Vadodara-390007; VAPI: ICICI Securities Ltd., Ground Floor, City Surver No. 1913, Rozy Empire, Opp Govt Yatri Niwas, Vapi-396191, Tel: ;VIJAYAWADA: ICICI Securities Ltd., Mr. Bazid Shaik, 29-6-31, 1St Floor,
Sai Srinivasa Shopping Complex, Nakkal Road, Suryaraopet, Vijayawada-520001; VISHAKHAPATNAM: ICICI Securities Ltd., Mr. Naveen Naga, 1-83-43, 1St Floor, Narendra Polyclinic Building, M V P Colony., Visakhapatnam-530017, Tel: 0891-6520468.
ENAM SECURITIES PRIVATE LIMITED LOCATIONS WOULD BE SAME AS GIVEN BELOW FOR ENAM SECURITIES PRIVATE LIMITED
KARVY INVESTOR SERVICES LIMITED LOCATIONS WOULD BE SAME AS GIVEN BELOW FOR KARVY STOCK BROKING LIMITED
IDFC CAPITAL LIMITED* LOCATIONS WOULD BE SAME AS GIVEN BELOW FOR SHAREKHAN LIMITED
IDFC Capital Limited, which is a subsidiary of the Company, shall only be involved in marketing of the Issue.
*
LEAD BROKERS
ALMONDZ GLOBAL SECURITIES LIMITED
AHMEDABAD : 2nd Floor, Unit No.5, Panchratna, Opp.White house, Panchavati Circle, C.G.Road, Ahmedabad-380006T:-079-40212428 ALAKNANDA : H-3, 1st Floor, Alaknanda Commercial Complex, Alaknanda Market, Behind Apollo Pharmacy, New Delhi-110 019T:-011-26027013 BANGALORE : S-108 South Block, Manipal Centre, Dickenson Road, Bangalore-560042T:-080-42400900 to 906 BAREILLY (U.P) : 146, Bhagwati Complex, Civil Lines, Near Circuit House Chouraha, Bareilly (U.P) 243001T:-0581-2510531 BARODA : 301 Blanca
Complex, opposite Rajlakshmi Complex, Old Padra Road, Near Racecourse Circle Baroda-390007T:-0265-6636002 / 6636039 CHENNAI : 1/B, 1st floor, Royal court No.41, Venkatnarayana Road, T- Nagar, Chennai-600 017T:-044-43473666 COIMBATORE : Ahuja Towers , 3rd Floor , 42/17 T V Swamy Road (West) R S Puram , Coimbatore 641 002T:-0422-4521216 / 317 JAIPUR : 2nd Floor, Emerald Plaza, Motilal Atal Road, Opp.Ganpati Plaza, M.I.Road , Jaipur-302001 T:-0141-4016189 KOLKATA : Prasad Chambers, Block B-201, 2nd Floor,
10A, Shakespeare Sarani, Kolkatta-700 017 T:-033-22820873/74/75/76 LUCKNOW : 1st floor, Shukla Palace, B-1, Sapru Marg , Lucknow-226 001T:-0522-3018419-22 LUDHIANA : Sco-16 & 17, 3rd Floor, Fortune Chambers, Opp. Ludhiana Stock Exchange Bldg.,Firoze Gandhi Market. Firozepur Road, Ludhiana-141 001T:-0161-4641187 MORADABAD : Shankar Dutt Sharma Marg, Civil Lines, Opp. Civil Line Police Station, Moradabad-244 001T:-0591-2410423/2410422 MUMBAI : 31,6th Floor, Vaswani Mansion, Dinshaw Vachha Road, Opp.
K. C. College, Churchgate, Mumbai-400 020 T:- 022-22870593 : Grande Palladium, Level-5, 175, C.S.T. Road, Kalina, Santacruz (E), Mumbai-400 098. T:-022-66437600 NEW DELHI : 2nd Floor, 3, Scindia House, Janpath, New Delhi-110 001T:-011-41514666-69 NOIDA : 401, Ocean Plaza, P-5, Sector 18, Noida (UP)-201 301.T:-0120-4262840 / 41 PUNE : 1st Floor, Surya Bhavan, Nr.Sheetal Hotel, Ferguson College road, Shivajinagar, Pune-411005, MaharashtraT:-020-30215300.
BAJAJ CAPITAL INVESTOR SERVICES LIMITED
AGRA : Bajaj Capital Ltd, Shop No. 110, Ground Floor, Block No. 27/2/4, Sanjay Palace, Near Hotel Panchrattan, Agra-282002. Ph: 0562-6457307. AHMEDABAD : Bajaj Capital, 2-L, ‘Akik’ Opp Lions Hall, Mithakhali Six Raod, Near Nalanda Hotel, Ellisbridge, Ahmedabad-380006. Ph: 079-64500171, 72. ALLAHABAD : Bajaj Capital, Shop No. F-5 , Indira Bhawan, Civil Lines, ALLAHABAD-211001. Ph : 0532-6452481, 0532-6452482. BANGALORE : Bajaj Capital, Unit 104-107, First Floor, ‘A’ Wing, Mittal Towers, M.G. Road, Bangalore-560001.
Ph: 080-65471121, 65471123. 759, Shri Jayalakshmi Nivasa, 100-ft Road, Indira Nagar, (Opp. SBI Personal Bank) Bangalore-38. Ph : 080-65471127/26. 4, Lakshmi Mansion, 81/B,8th Main Road, Opp. Food World, 3rd Block, Jaya Nagar, Bangalore-11. Ph : 080-65471128/29, 1. Raheja Arcade, 1st Floor, #122, Koramangala, Bangalore-34. Ph:080-65471130/31. 197, Sampige Rd, Near 11th Cross, (Above Karnataka Bank) Malleshwaram, Bangalore-3. Ph : 080-65471132/33. Rajaji Nagar 293/1, 17th Main Road “D”, IIIrd Block, Rajaji Nagar, Bangalore10. Ph : 080-65471139/38. BHOPAL : Bajaj Capital, Shop No. 6, First Floor, Jyoti Cinema Complex, M.P. Nagar, Zone1, Bhopal-462011. Ph: 0755-6459550. BHUBANESHWAR : Bajaj Capital, Plot No. 1/A, Ground Floor, Station Square, Kharvel Nagar, Bhubneswar-751001. Ph: 0674-6451257, 6451269. CHANDIGARDH : Bajaj Capital, SCO 341-342, First Floor, Sector 35B, Chandigarh 160036. Ph.:(0172) , 6451612 – 13. CHENNAI : Bajaj Capital, Wellington Plaza, 3rd Floor, 90, Anna Salai, Chennai-600002. Ph: 044-23451207, 08. K.R. BUILDINGS,
No. 12, L.B. Road, Adyar, Chennai-600 020. Ph : 64588304/305/306. W.111, First Floor, 3rd Avenue, Anna Nagar, Chennai-40. Ph : 64588309/310, 64581539. Shop No. 4, Trinity Complex, No.110, 4th Avenue, Ashok Nagar, Chennai-83. Ph : 64588311/312. No. 7, R.K. Mutt Road, (Near Indian Bank) Mylapore, Chennai-4. Ph : 64581540/64588318/317. Shop No. 4, Plot No. 3, 29th Street, Nanganallur, Chennai-61. Ph : 64588320/319. Bridge Port, New No. 29, Old No. 12, Burkit Rd, T.Nagar, Chennai-17. Ph : 64588321/22. Shop No.5, Ground Floor,
Vikas Plaza, 37/C, Velachery, Tambaram Road, Chennai-42. Ph : 64588326/24. COIMBATORE : Bajaj Capital, No. 575, D.B. Road, First Floor, (Near Head Post Office) R.S. Puram, Coimbatore-641002. Ph: 6470136, 38. DEHRADUN : Bajaj Capital, 15, Rohini Plaza, 11-E Rajpur Road, Dehradun-248001. Ph : 0135-6452648,0135-6452649. Delhi-Ashok Vihar : Shop no. 15, Ground Floor, Deep Cinema Complex, Phase-1, Ashok Vihar, Delhi-110052 Ph: 64736944, 64640908. 112, 1st Floor, Ansal Chamber-1, Bhikaji Cama Place, New Delhi-110066
Ph: 64736916, 64640910. United India Life Building, F-Block, Connaught Place, New Delhi-1. Ph.: 41790444 (30 Lines) 64640900-07. F-1, Ist floor, B-87, Defence colony, New Delhi-110024. Ph: , 64736930, 64640912. F-4, HL Square, Plot No. 6, Sector-5, Dwarka, New Delhi-110075 Ph: , 64736925, 64640915. Shop No. 11 & 12, 7-A, Janakpuri Dist.Centre (Opp. Janak Puri Transport Authority), New Delhi-110058. Ph:, 64736912, 64640917. N-10, Kalkaji, New Delhi-64736914, 64640919. Shop No. 3, Ground Floor, B-5, Tagore Market (Next to Post
Office), Kirti Nagar-110015, Ph: 64736922. C-50, Shivalik, Main Road, Malviya Nagar, New Delhi-110017. Ph:, 64736907, 64640923. G-8&9, Ground Floor, Bhanot Tower, A-Block Opp. Jawala Heri Market, Paschim Vihar, New Delhi-110063. Ph: 64640929, 64736947. DDA Shop No. 24, Ground Floor, Rama Krishna Market, No.1, I. P. Extension, Patparganj, Delhi-110092 Ph.: 64736942, 64640931. DDA Shop No. 4, FD Market, Near Madhuban Chowk, Pitampura, Delhi-110088, Ph: 64736902, 64640933. 5/201, Sikka Complex, IInd Floor, Community
Centre, Preet Vihar, Delhi-110092 Ph: 64736909, 64640935-6. 9, Ground Floor, Rajendra Bhawan, Rajendra Place (Opp. Rachna Cinema) New Delhi-110008, ph:, 64736940, 64640938,. Shop No. 4, 1st Floor, Lajwanti Plaza, Sector-4, Main Market, Vaishali, Ghaziabad. Ph: 6493212, 6494072. 15, L.G.F. Central Market, Masoodpur, Vasant Kunj, New Delhi-110070, Ph: , 64736918, 64640940. 19, DDA Market, Commercial Complex, Yusuf Sarai, New Delhi-110016 Ph:, 64640943-44, 64736937. DHANBAD : Bajaj Capital, Ozone Plaza, 1st Floor, Bank
More, Dhanbad – 826001. Ph: 0326-2300576. FARIDABAD : Bajaj Capital, 5R/1 Ground Floor, B.K. Chowk, Near HDFC Bank, Faridabad-121001 Ph: 0129-6466566,. GHAZIABAD : Bajaj Capital, G-5, Ansals Satyam Building, Raj Nagar, District Centre, Ghaziabad-201002. Ph : 0120-6493211,0120-6494070. GORAKHPUR : Bajaj Capital, Ground Floor, A D Towers, Bank Road, Gorakhpur, Gorakhpur-273001. Ph : 0551-6453025,0551-6453026. GURGAON : Bajaj Capital, Super Mart B-201, Super Mart-1, DLF City Phase-IV, Gurgaon-122002.
Ph : 0124-6469991,0124-6468105,. Sec 14, 102, AKD Tower, Upper Ground Floor, Near HUDA Office, Sector-14, Gurgaon-122001. Ph. 124-6468101, 6468102. GUWAHATI : Bajaj Capital, Room No.102, 1st Floor, Dunfur Apartment, R G Baruah Road, Guwahati-781024. Ph: 9207045530, 31. HYDERABAD : Bajaj Capital, 3-6-522, 2nd & 3rd Floor, Archies Showroom, Opp. KFC, Himayath Nagar, Hyderabad-500029. Ph: 040-44555555, 64631421, 22. Shop No. 4, Ground Floor, Swarnajayanthi Complex (HUDA) Ameerpet, Hyderabad-500 016. Ph:
040-64631425/24. No.3/MIG-I, Near ICICI Bank, K.P.H.B. Colony, Kukatpally, Hyderabad-500 072. Ph: 64631427/26. INDORE : Bajaj Capital, Shop No. 3, City Plaza, M.G. Road near Regal Cinema, Indore-452001 Ph.: (0731) 6452014,. JAIPUR : Bajaj Capital, G-3, Anukampa Tower, Opp. SangamTower, Church Road (M. I. Road), Jaipur-302001. Ph: 0141-6503342, 43. JALGAON : Bajaj Capital, Beside ICICI Bank, Dhake Corporate Centre, Dhake Colony, Jalgaon-425101. Ph: 0257-6451511. JAMNAGAR : Bajaj Capital, 36 AB, Ground Floor,
Indraprashtha Complex, Near Pancheshwar Tower Road, Jamnagar-361001. Ph : 0288-6450105. JAMSHEDPUR : Bajaj Capital, Shop No. 53, 2nd Floor, Kamani Business Centre Bishtupur, Jamshedpur-831001. Ph: 6457603, 6457627. KANPUR : Bajaj Capital, 106, Ratan Esquire, 14/144, Chunni Ganj, Kanpur-208001. Ph:(0512) 6451763 – 64. KOCHI : Bajaj Capital, Rubicon Building, S.A. Road, South Over Bridge, Valanjambalam, Kochi-682016. KERELA. Ph: 0484-6452566, 65. KOLKATA : Bajaj Capital, 5th Floor, Room No. 507, 7/1, Lord
Sinha Road, Kolkata-700071. Ph: 033-22820383. 9, Ezra Street, Kolkata-700001. Ph: 64578545-47. 25/A, Raja Ram Mohan Roy Road, Kolkata-700008. Ph: 64578542. C-36, Lakshmi Narayan Colony, Po. Naktala, PS. Jadavpur, Kolkata-700047. Ph: , 64578626. Gagananchal Complex, Shop No. 38A, 37, Dr. Abani Dutta Road, Howrah-711106. Ph: 64602157-58, 64604011. B-9/20 (C. A), P O. Kalyani, Dist. Nadia, Kalyani-741235. Ph: , 64605211, 64605214. No. 507, 7/1, Lord Sinha Road, Kolkata-700071. Ph:, 64578532-41 Call Centre: 44400444.
182, Jessore Road(Satgachi Crossing), Dum Dum, Kolkata-700074. Ph: 64578543. Mezanine Floor, Flat No. 3, P-24A, C I T Road Scheme VI M, Kolkata-700054. Ph: 64578551-52. Martin Burn House, Ground Floor, Room No. 15, 1, R N Mukherjee Road Kolkata-700001. Ph: 64578553-54. Sec-I BF-192, Sec-I, Salt Lake, Kolkata-700064. Ph: 64578627-29. Sec-V Plot No. IX-16, Block EP & GP, Sec-V, Salt Lake, Kolkata-700091. Ph: 64578555-56. 1st Floor, 4 Jatin Bagchi Road, Kolkata-700029. Ph: , 64578548-50. Ground Floor, Shop No. 9,
ShreeramNagar, Teghoria, V I P Road, Kolkata-700052. Ph: 64578625. KOTTAYAM : Bajaj Capital, Skline Citadel Building , Opp. Plantation Corporation, Ground Floor, Kanjikuzhy, K.K. Road, Kottayam-686004. Ph : 6452249,6452251. LUCKNOW : Bajaj Capital, 5, Commerce House, Habibullah Compound, 11, M.G. Marg, Hazratganj, Lucknow-226001. Ph : 0522-6565568. LUDHIANA : Bajaj Capital, M-3, ABC Services, SCO-137, Feroze Gandhi Market, Ludhiana-1 Ph: (0161) 2412287. MADURAI : Bajaj Capital, Suriya Towers, No.5, First Floor,
272/273, Good Shed Street, Madurai-625001. Ph : 0452-6461023, 6461024, 6461025. MANGALORE : Bajaj Capital, Essel Towers, BS 4, Bunts Hostel Circle, Mangalore-575003. Ph: 0824-6451218, 17. MEERUT : Bajaj Capital, G-43, Ganga Plaza, Near Begam Bridge, Meerut cantt.-250001. Ph : 0121-6451510, 6451511. MUMBAI : Bajaj Capital, Agra Bldg, Gr. Floor, 7/9 Oak Lane, Fort, Mumbai-400023. Ph: 022-66376999. Mumbai-ANDHERI : 16, Shopper’s Point, Behind Motimahal Restaurent, S V Road , Andheri-(W), Mumbai-400058. Ph 02265210112, 65210116. Rashesh Building, Shop no 11, 1st Floor, Near Maxus Mall, 150 ft Road, Bhayandar (w), Thane-401104. Ph 022-65991662-63. Shop no.1, Shantinath Apt, Opp star Apt, S V Road, Borivali(w), Mumbai-400092, Ph. 65991664-66. Room No.1, Gr Floor, Sunil Sadan Opp Grand Central Restaurant, M.D.S Marg, Chembur (E) Mumbai-400 071. Ph 022-65991667-68. Shop No. 5, Abdul Kadar Jilani Building, Gokhale Road, Opp. Portugese Church, Dadar (w), Mumbai-400 028. Tel: 65991669-70. Office No. 8, Nandashish Building,
R. B. Mehta Marg, Ghatkopar (E), Mumbai – 400 077 Tel. 022 – 65991671/65210115. Shop No 61, Vasant Sagar, Krishna Bldg, Opp Thakur Cinema, Thakur Village, Kandivali (E), Mumbai-400101. Ph 022-64507728, 65991672. Shop No 102, Sai Arcade, N.S. Marg, Above Union Bank Of India, Mulund (W), Mumbai-400080. Ph. 65210113, 65991673+B91. Shop No 1, Dhara Complex, Plot No.3&4, Sec-No 44, Seawoods, Nerul, Navi Mumbai-400706. Ph: 022-65991674-75. Shop No 11, Gr. Floor, Dheeraj Heritage Bldg, SV Road, Santacruz: (W)
,Mumbai-400054. Ph 022-64507727, 65991676. Shop no-3, Chaman House Co-op Hsg Society ,plot no-34 ,Beside IDBI Bank Atm, Sion (E) Mumbai-400022. Ph 022-64518004, 65991677. Shop No 3, 5th Floor , Tardeo Airconditioned Market, Mumbai 400 034. Ph 64534950,64534954.. R.No 5, Above Khandelwal Sweets, Opp Thane Railway Station, Gokhale Road, Thane (W) Mumbai – 400601. Ph 022-25376898, 65991678-79. NAGPUR : Bajaj Capital, Shop No. 5, Pushpakunja Commercial Complex, Central Bazar Road, Ramdas Peth, NAGPUR440010. Ph : 0712-6618577. NASHIK : Bajaj Capital, G 18 & 19 , Suyojit Sankul, Tilak Wadi, Sharanpur Road, Nashik-422002. Ph : 0253-6629011, 6629012. NEW DELHI : Bajaj Capital, Bajaj House, 97, Nehru Place, New Delhi-110019. Ph: 011-41693000,26410315. NOIDA : Sector-29 A-2, Brahmputra Commercial Complex, Near Rail Reservation Centre, Sec. 29,Noida-201301 Ph: 6494074-75, 6493213. NOIDA : Sec-41 C-20, C Block Market, Sector-41, Noida-201301. Ph: 2570410, 6494077-78. PATNA : Bajaj Capital, Flat No. 108, 1st Floor,
Ashiana, Plaza, Budha Marg, Patna-800001. Ph: 0612-6451056-59, 61-63. PONDICHERRY : Bajaj Capital, No. 127/A, 100 Ft. Road,Natesan Tower, 1st Floor, Natesan Nagar, Pondicherry-605001. Ph : 0413-6452334, 6452335. PUNE : Bajaj Capital, Shop No 6, Sanas Plaza, 1302, Subhash Nagar, Bazirao Road, Pune-411002. Ph: 020-65009460, 61. Suyash Plaza, Office No.08, 3rd floor, Opp-Selene Building, Bhandarkar road, Near Kamla nehru Park. Pune – 411004 Ph: 020 – 65009463. Office no. 13, A Wing, Kamala Cross Road, Opp. PMPC
office, old Mumbai highway,Pimpri, Pune-411018. Ph : 020-46500150-51. RAJKOT : Bajaj Capital, Prathibha Complex, Near Jayesh Publicity, Moti Tanki Chowk, Rajkot – 360001. Ph: 0281-6450135, 37. SALEM : Bajaj Capital, 22, GF, Omalur Main Road, SALEM-636009. Ph : 0427-6452565, 6452566. SECUNDERABAD : Bajaj Capital, Shop No.10, First Floor, Minerva Complex, 94, S.D. Road, Secunderabad-500003. Ph: 040-64631428, 29. SURAT : Bajaj Capital, L-4, Ground Floor, Vishwakarma Chambers, Majura Gate Crossing Road, Ring Road,
Surat-395002. Ph: 0261-6450421, 6450422. THIRUVANANTHAPURAM : Bajaj Capital, Edamala Plaza, TC 14/999 Opposite Police Headquarters, Vellayambalam Road, Vazahuthacadu Sasthamangalam Post, Thiruvananthapuram-695010. Ph: 0491-6450176. TIRUCHIRAPALLI : Bajaj Capital, Swati Arcade, 73/1-f 1st Floor Salaia Road, Thillai nagar, Thiruchirapalli-620018. Ph : 0431-6452094, 6452095. VADODARA : Bajaj Capital, 129 Siddharth Complex, R C Dutt Road, Vadodara – 390007. Ph: 0265 – 3088162. VIJAYWADA : Bajaj Capital,
Kalyan Complex 39-1-89, 1st Floor, Beside OBC Bank, Temple Street, M.G. Road, Labbipet, Vijayawada-520010. Ph : 0265-6450181. VISHAKHAPATNAM : Bajaj Capital, Door No.10-1-125, 1ST Floor, Asilmetta Junction, Beside Prasad Labs, Visakhapatnam – 530003. Ph: 0891-6461773, 74.
ENAM SECURITIES PRIVATE LIMITED
Bangalore : Enam Securities Pvt Ltd, 10/3, Ground Floor,No.29, Empire Infantry,Infantry Road, Pin-560001, Ph:080-40333222/3218. Chennai : ENam Securities Direct Pvt Ltd, 11, Vijay Delux Apts., 7/4 First Main Road, Cit Colony, Mylapore, Pin-600004, Ph:044-39184335/4226. Hyderabad : Enam Securities Direct Pvt Ltd, 6-3-650/217b & C, Maheshwari Chambers, 2nd Flr.,Somajiguda, Pin-500082, Ph:040-39893626/30658502. Kolkata : Enam Securities Direct Pvt Ltd, S-205, Ideal Plaza, 11/1,Sarat Bose Road, Pin-700020, Ph:033-32426310/
30588154. Mumbai : Enam Securities Pvt Ltd, Khatau Building, 2nd Floor, 44 Bank Street, Off Shahid Bhagatsing Road, Fort, Pin-400023, Ph:022-22677901. : Enam Securities Direct Pvt Ltd, 201-A, Laxmi Towers, Bandra Kurla Compex, Bandra (E), Pin-400051, Ph:022-66803600. : Enam Securities Pvt Ltd, Hari Chamber, Ground Floor, 58/64, Shahid Bhagat Singh Road, Fort, Pin-400001, Ph:022-22677901. New Delhi : Enam Securities Pvt Ltd, M-39, Iind Floor, Outer Circle,Opp.super Bazar, Connaught Place, Pin-110001, Ph:011-49811200/
201. Pune : Enam Securities Pvt Ltd, 1248A, Asmani Plaza, Goodluck Chowk, Deccan Gymkhana, Shivaji Nagar, Pin-411004, Ph:020-25521606/406. : Enam Securities Direct Pvt Ltd, 101 & 102, Silver Prestige, 1st Floor, Opp. Mccia, Tilak Road, Swargate, Pin-411002, Ph:020-30205492/93. Rajkot : Enam Securities Direct Pvt Ltd, 308, 3rd Floor, Towar Commercial Complex,Jawahar Complex,Near Galaxy Hotel, Pin-360001, Ph:0281-2226383/384. Surat : Enam Securities Pvt Ltd, G-5, International Trade Centre, Majurat Gate Crossing, Ring
Road, Pin-395002, Ph:0261-3027516/518. Vadodara : Enam Securities Direct Pvt Ltd, GF 9, Silverline Towers, Opp BBC Towers,Sayajiganj, Pin-390005, Ph:0265-3026945/46. : Enam Securities Pvt Ltd, 642 Fortune Towers, Sayajiganj, Pin-390005, Ph:0265-2225412.
HDFC SECURITIES LIMITED
AGRA : HDFC Securities Ltd., II nd floor, Deepak Wasan Plaza, 17/2/4, Sanjay Place, Agra, U.P.-282002, Tel: 0562-2526888-97. AHMEDABAD : 208, Grand Mall, 2nd floor, Ambawadi, S. M. Road, Ahmedabad-380015., Tel: 079-66122340-41-42-43. AHMEDNAGAR : HDFC Securities Ltd, Basement Shop No.B -22, Amber Plaza Building ‘A’, Opp sahakar sabhagruha, Station Road, Ahmednagar-414001, Tel: 0241-2451974/75/76/77/78/79. ALLAHABAD : HDFC Securities Ltd., 46/A-1, First Floor, Kapoor Bhawan, Near Hot Stuff Crossing, Lal Bahadur
Shastri Marg, Civil Lines, Allahabad-211001, Tel: 0532-2400249 / 250 / 251. AMRITSAR : HDFC Securities Ltd, 2nd Floor, SCO -5, District Shopping Center, Ranjit Avenue, Amritsar-143 001, Tel: 0183-5070100,0183-5070200. ANAND : 2nd Floor, Madhav Complex, Grid Cross Road, Anand, Gujarat, Tel: 02692-245831-32-33 & 644773. AURANGABAD : HDFC Securities Ltd, ‘A’ 1st floor, Gurunath Sankul, Above HDFC Bank, Kalda corner, Shreya Nagar, Aurangabad-431005, Tel: 0240-2360820/21/22/23/24/25. BANGALORE : HDFC Securities
Limited, 33/5 Meanee Avenue Road,Mount Kailash Building,Near Lake Side Hospital.Ulsoor.Bangalore 560042, Tel: 080-25577410. BAREILY : HDFC Securities Limited, 1st floor, Sheel Kishan Tower, 63 Civil Lines, Opp. Railway Institute, Chopala Rd, Bareily-243001, Tel: 0581-2550013/18/20. BARODA : D-11, Kamalanjali, Off Padra Road, Akota, Above HDFC Bank, Opp. Tube Company, Vadodara-390020, Tel: 0265-2355791-98, 2353418-19-20. BELGAUM : HDFC Securities LTD, CTS No 5854 1st Floor, Congress Road,Tilakwadi-Belgaum-590006,
Tel: 0831-2445508. BELLARY : HDFC Securities Ltd, Kakathiya Apartments, Ground Floor,Kappagal Road, Bellary 583103, Tel: 0839-2258921. BHAVNAGAR : Office no. 7, 1st floor, Gopi Arcade, Waghawadi Road, Bhavnagar-364002., Tel: 0278-2570145-46-47 & 6450127-28-29-33. BHOPAL : 1st Floor, Star Planet, Plot No. 9, Zone II, M.P. Nagar, Bhopal 462011, Tel: 0755-4288110-12-13-14-15-16. BHUBANESHWAR : HDFC Securities Limited, 2nd Floor, Plot No. 10, District Centre, Chandrashekharpur, Bhubaneshwar-751016, Tel: 0674-2742912/
13/15/16. CHENNAI : HDFC Securities Limited, Aysha Complex, 2 nd Floor, 208, Anna Salai, Chennai-600006, Tel: 044-28297951-53. COCHIN : HDFC Securities Limited, Second floor,Sudhas Building, Madhava Pharmacy Junction,Banerji Road, Ernakulam, Cochin-682018, Tel: 0484-4064516-519. COIMBATORE : HDFC Securities Limited, Ashirwad, 36, D. B. Road, R.S. Puram, Coimbotore-641002, Tel: 0422-2541357 to 63. DEHRADUN : HDFC Securities Limited,24A, Hathi Barkala, 1st Floor Cantt Road, NCR Plaza, Dehradun-248001, Tel: 01353054910/919. DELHI : HDFC Securities Limited, Kanchenjungha Bldg, Upper Gr. Flr.,18, Barakhamba Road, New Delhi-110 001, Tel: 011-43008623. ERODE : HDFC Securities Ltd., Lotus Enclave,1st Floor,456 Brough Road,Erode-638001, Tel: 0424-2214981-88. FARIDABAD : HDFC Securities Ltd, 5R/2, First Floor, BK Chowk, NIT, Faridabad-121001, Tel: 0129 4251800-13. GANDHIDHAM : 1st Floor, M.R. Shah Chambers, Plot No. 355, Sector 12 B, Tagore Road, Gandhidham, Kutch 370 201, Tel: 02836-658801-06. GANDHINAGAR : Plot No.
447, Ground Floor, Next to HDFC Bank, Sector 16, Gandhinagar, Tel: 079-65724501-02-03-04. GHAZIABAD : HDFC Securities Ltd.,C 53, Raj Nagar District Center, Next to HDFC Bank, Ghaziabad 201001, Tel: 0120 2822312-14-15-16-17-18-19-21. GUNTUR : HDFC Securities Ltd,1st floor, 6-19-35,Aditya Enclave, 13th lane, Arundelpeta, Above Opp Grand Nagarjuna, Guntur-522002, Tel: 0863 2259816 / 817. GURGAON : HDFC Securities Ltd.,O-105, Ist Floor, DLF Shopping Mall, DLF Phase-I, Arjun Marg, Gurgaon-122 002, Tel: 0124-406388084. GUWAHATI : HDFC Securities Limited, 1st Floor, Pushpanjali Complex, 126, G.S. Road, Guwahati-781005, Tel: 0361-2467104 to 07. HUBLI : HDFC Securities Ltd Vernekar Plaza 3rd Floor, Deshpande Nagar, Hubli-580029, Tel: 0836-2258763. HYDERABAD : HDFC Securities Limited, 3C, Far East Plaza, Above Chutneys, Himayatnagar Main Road, Himayatnagar, Hyderabad-500029, Tel: 040-66759908. INDORE : Portion 102/103, 1st floor, Sterling Arcade, Plot no. 15/3, Race Course Road, Indore, M. P. 452001., Tel: 0731-4280780-81-8283-84-85. JAIPUR : B-5, 2nd Floor, District Shopping Center, Nr. Laxmi Mandir Cenema Hall, Tank Road, Jaipur-302015., Tel: 0141-5190700-01-02-03-05. JALGAON : HDFC Securities Ltd, 1st floor, Patel Plaza, Opp Raisoni hospital, M.G. Road, Jalgaon-425001, Tel: 0257-2242410/11/12/13. JAMNAGAR : 401, Madhav Square, 4th floor, Opp. Cricket Bungalow, Limda lane, Jamnagar., Tel: 0288-6454407-08-09-10. JAMSHEDPUR : HDFC Securities Limited, 2nd Floor, Shaurya Arcade, New SNP. Area, Sakchi, Jamshedpur-831001, Tel: 0657-2235912
to 21. JODHPUR : 3rd floor, 178, Narayanam, Upper Chopasni Road, Jodhpur-342003., Tel: 0291-5150600-5100055. KILPAUK : HDFC Securities Ltd,Prince Towers,2nd Floor, Shop No:S-24,Door No:94/113,Pursawalkam High Road,Kilpauk, Chennai-600 010, Tel: 044-40501111-31. KOLHAPUR : HDFC Securities Ltd, 7/A 2nd floor Gemsstone-RD vichare Complex, new Shahupuri, Near central bus-stand, Kolhapur-416001, Tel: 0231-2338135/6/7/8. KOLKATA : HDFC Securities Limited, 4 Clive Row, Jardine House, 3rd floor, Kolkata-700 001, Tel:
033-22134371 to 73. KOLKATA : HDFC Securities Limited, 8, Chittranjan Avenue, Barick Bhawan, 3rd Floor, Kolkata-700072, Tel: 033-22129574 to 77. KOTA : 2nd Floor, 414, Shopping Center, Kota 324007, Tel: 0744-5100924-25-26-27-28-29. LUCKNOW : HDFC Securities Limited, 56-57, Chander Nagar, 2nd Floor, Alambagh, Lucknow-226005, UP, Tel: 0522-2461684. LUDHIANA : HDFC Securities Limited, Unit no. IV, 1st floor, First Mall, Mall Road, Ludhiana-141001., Tel: 0161-5069135. MADURAI : HDFC Securities Ltd,1st Floor 232 Naicker
New Street,Madurai-625001, Tel: 0427-2265313-17. MANGALORE : HDFC Securities Ltd,Kayar Manj Building 3rd Floor M G Road, Mangalore-575003, Tel: 0824-2459591. MEHSANA : Shop no. 12 & 13, 2nd floor, Prabhu Complex, Near Patel Automobiles, Near Rajkamal Petrol Pump, Highway, Mehsana-384001, Tel: 02762-259816-17-18-19-20. MOHALI : HDFC Securities Limited, SCF-55, Phase 3-B, II, Mohali-160064, Punjab, Tel: 0172-5095406. MORADABAD : HDFC Securities Limited, 409,Rudra Plaza,2nd Floor, Gram Chawani,Opp.PWD
Guest House,Civil Lines,Moradabad —244001., Tel: 0591-2411731-40. . MUMBAI : HDFC Securities Limited, 302, 3Rd Floor, Palm Spring Building, Above Croma, Next To Dmart, New Link Road, Malad West, Mumbai 400064, Tel: 022-65220923 to 65220926 / 65991230/3. MUMBAI : HDFC Securities Limited, 5 Persian Cooperative Hsg Society, V P Road, Near B M C Bank, Andher West, Mumbai-400058, Tel: 022-40068483 to 40068485; 022-26255440 to 26255446. MUMBAI : HDFC Securities Limited, A/2 Blossom Chs Ltd, K T Sony Marg, Mahavir
Nagar, Near Gaurav Height Building, Kandivali West, Mumbai -400067, Tel: 022-29672873 to 29672877 ; 022-40067548 to 40067555. MUMBAI : HDFC Securities Limited, B 302, Kotia Nirman, Above Mercedeze Showroom, Opp Laxmi Industrial Estate, Near Fun Republic, New Link Road, Andheri West Mumbai -400058, Tel: 022-40068557/59/53 ; 022-26731485/82/83. MUMBAI : HDFC Securities Limited, First Floor, Sonavala Building, Opp Bse Building, Fort, Mumbai-400001, Tel: 022-67496901 to 67496920. MUMBAI : HDFC Securities Limited,
Minarva Chembers, Ground Floor, Next To Aamtran Hotel Opp Mehul Cinema, Mulund West, Mumbai-400080, Tel: 022-67343600 to 67343608. MUMBAI : HDFC Securities Limited, Office No 215, Sanghavi Square Mall, M G Road, Ghatkopar West, Mumbai 400 086, Tel: 022-25021878 to 25021880. MUMBAI : HDFC Securities Limited,PG-2, Routunda Bui
DB CAP TAL MARKET SERV CES L M TED
NTEGRATED SECUR T ES L M TED
JM F NANC AL SERV CES PR VATE L M TED
KARVY STOCK BROK NG L M TED
2
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED
Continued on Page 3
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED : APPLICATION FORMS AVAILABLE AT FOLLOWING LOCATIONS
LEAD BROKERS
Court, 22, Vijaya Raghava Road, T Nagar, Chennai 600 017, Tel: 044-28155967/28153658. Karvy Stock Broking Ltd, Sundar Krishnaplaza, 3rd Floor, No.8, Luckmodoss Street, Sowcarpet, Chennai 600 003, Tel: 044-42051557/1471/1412. Karvy Stock Broking Ltd, F-7 & 8, 3rd Floor, Mahbubani Towers, No. 48, Dr. D N Road, T. Nagar, Chennai 600 017, Tel: 044-42076808/09/30/42067836/31. Karvy Stock Broking Ltd, No. 7, Sriperambadur Road, Thiruvallur, Thiruvallur 602 002, Tel: 044-27640552. Karvy Stock Broking Ltd, Doshi Gardens, Shop No.10,
2nd Floor D-block No. 174 N.s.k Salai, Chennai 600 026, Tel: 044-42013425/27 42013002/42048307. Coimbatore-Sai Baba Colony: Karvy Stock Broking Ltd, Ground Floor, 29/1, Chinthamani Nagar, N S R Road, Sai Baba Colony, Coimbatore 641 011, Tel: 0422-2452161/162/163. Karvy Stock Broking Ltd, “Jaya Enclave” 1057/1508, Avanashi Road, Coimbatore 641 018, Tel: 0422-4291000 – 30. DEHRADUN: Karvy Stock Broking Ltd, 48/49, Patel Market, Opp: Punjab Jewellers, Near Gandhi Park, Rajpur Road, Dehradun 248 001, Tel: 0135-2713351/
2714046 . Karvy Stock Broking Ltd, Kaulagarh Road, Near Sirmour Marg, Dehradun 248 001, Tel: 0135-2754334, 2754336. DURGAPUR: Karvy Stock Broking Ltd, Old Dutta Automobile Building, 1st Floor, Benachity, Malancha Road, Durgapur 713 213, Tel: 0343-2586375 To 77. GANDHIDHAM: Karvy Stock Broking Ltd, 14, Komal Complex, Plot No 305, Near Shivaji Park, Sector 12-b, Gandhidham 370 201, Tel: 02836-228640/30. GHAZIABAD: Karvy Stock Broking Ltd, 1st Floor, C-7, Lohia Nagar , Ghaziabad 201 001, Tel: 0120-2701886/2701891/
2700594. GORAKHPUR: Karvy Stock Broking Ltd, Above V.i.p. House, Adjacent, A.d. Girls College, Bank Road, Gorakpur 273 001, Tel: 0551-2346519/2333825/2333814/5513297816/17/19. GURGAON: Karvy Stock Broking Ltd, Shop No 18, Near Huda Office, Ground Floor, Opp. Akd Office, Sec.14, Old Delhi Road, Near Madras Restaurant, Gurgaon 122 001, Tel: 0124-4086419/3243535. GUWAHATI : Karvy Stock Broking Ltd, 2nd Floor, Ram Kumar Plaza, Chatribari Road, Near Himatshinga Petrol Pump, Guwahati 781 001, Tel: 0361-2608016/
8102/8122. GWALIOR : Karvy Stock Broking Ltd, Near Nadigate Pul, Mlb Road, Shinde Ki Chawani, Gwalior 474 001, Tel: 0751-4069001, 4069002. Karvy Stock Broking Ltd, 52, Mayur Market, First Floor, Near Petrol Pump, Thatipur, Gandhi Road, Gwalior 474 001, Tel: 0751-2340200/0751-2340201. HISSAR: Karvy Stock Broking Ltd, Sco 17 Red Square Market, 1st Floor, Hissar 125 001, Tel: 01662-225868 (D)/225845/836. HUBLI: Karvy Stock Broking Ltd, Giriraja House, No.451/B, Ward No.1, Club Road, Hubli 580 029, Tel: 0836-2353962, 2353974,
2353975. Karvy Stock Broking Ltd, No. G-7 & 8 Sri Bhanashankari Avenue, Ramnagara, Dharwad 580 001, Tel: 0836-2744207/2744208. HYDERABAD : Karvy Stock Broking Ltd, 15-6-464/470, 1st Floor, Salasar Complex, (Near Fish Market), Begum Bazar, Hyderabad 500 012, Tel: 040-23433100. Karvy Stock Broking Ltd, 1st Floor, Plot No.2, 1-1-128/B, Chanda Nagar, Serilingampally, Near Bhel, Hyderabad 500 050, Tel: 040-23030028, 23030029, 23433126/132. Karvy Stock Broking Ltd, Vijetha Golden Empire, Flat No. 103, First Floor, H No.1611-762/762B & C, Beside Anadal Nilayam, Moosarambagh, Hyderabad 500 036, Tel: 040-23433116/117/135 134/136. Karvy Stock Broking Ltd, 3-5-890, Paras Chambers, Plot No.14-15, Ground Floor, Himayat Nagar, Hyderabad 500 029, Tel: 040-23388771, 23388772. Karvy Stock Broking Ltd, Sai Vikram Towers, 1st Floor, Kukatpally Main Road, Near Kukatpally Bus Stop, Kukatpally, Hyderabad 500 072, Tel: 040-23433137/119. Karvy Stock Broking Ltd, Building No.160 (Part), Opp: Mayfair Complex, Rasoolpura, S P Road, Secunderabad 500 003,
Tel: 040-23433110 To 15. Karvy Stock Broking Ltd, 21 , Avenue 4, Street No.1, Banjara Hills, Hyderabad 500 034, Tel: 040-23312454/23320251. Karvy Stock Broking Ltd, Block No 176, Opp. Chola Residency, Old Vasavi Nagar, Kharkana, Secunderabad 500 016, Tel: 040-23433166 -169 . INDORE: Karvy Stock Broking Ltd, 105, 106 & 107,D M Towers, 21/1, Race Cource Road, Near Janjeerwala Chowrah, Indore 452 001, Tel: 0731-3014200-19. JABALPUR: Karvy Stock Broking Ltd, Arun Grover & Associates, Naya Bazar, First Floor Opp Shyam
Talkies, Jabalpur 482 001, Tel: 0761-2312009. JAIPUR: Karvy Stock Broking Ltd, S-16/A, Land Mark, 3rd Floor, Opp Jai Club, Mahaveer Marg, C Scheme, Jaipur 302 001, Tel: 0141-2378703/604/605/2363321. JALANDHAR: Karvy Stock Broking Ltd, Prime Tower, Lower Ground Floor Off.no.3, Plot No 28, G T Road, Jalandhar 144 001, Tel: 0181-4634401-14. JALGOAN: Karvy Stock Broking Ltd, Laxminarayan Plaza, 148, Navipeth, Opp. Vijaya Bank, Jalgoan 425 001, Tel: 0257-2227432/2223671/2237431/2226761. JAMMU: Karvy Stock Broking
Ltd, 1st Floor, 29 D/C, Near Services Selection Board, Gandhinagar, Jammu 180 004, Tel: 0191-9906297556,9906296948 & 9906296475 . JAMNAGAR: Karvy Stock Broking Ltd, G-12 & 108 Madhav Plaza, Opp: Sbs Bank, Near Lal Bungalow, Jamnagar 361 001, Tel: 0288-2556520/2556260/2556420. JAMSHEDPUR: Karvy Stock Broking Ltd, 2nd Floor, Kanchan Towers, 3 Sb Shop Area, Main Road, Bistupur, Jamshedpur 831 001, Tel: 0657-2487020, 2487045, 2487048. JHANSI: Karvy Stock Broking Ltd, 371/01, Narayana Plaza, Jeevan Shah
Crossing, Opp Telephone Exchange, Gwalior Road, Jhansi 284 003, Tel: 0517-2333682-85, 2332141. JODHPUR : Karvy Stock Broking Ltd, 203, Modi Arcade, Chopasni Road, Jodhpur 342 001, Tel: 0291-5103026/5103046. JUNAGADH: Karvy Stock Broking Ltd, 124-125, Punit Shopping Centre, M G Road, Ranavav Chowk, Junagadh 362 001, Tel: 0285-2624140/2624154. KAKINADA: Karvy Stock Broking Ltd, 13-1-46, I Floor, Sri Deepthi Towers, Icici Bank Complex, Main Road, Kakinada 533 001, Tel: 0884-2387382/2387383/2387381/3293518.
KANNUR: Karvy Stock Broking Ltd, Ii Floor, Prabhat Road, Fort Road, Kannur 670 141, Tel: 0460-27681120/1130. Karvy Stock Broking Ltd, 15/46, Civil Lines, Near Muir Mills, Stock Exchange Road, Kanpur 208 001, Tel: 0512-2330127, 2331445, 2333395,96. Karvy Stock Broking Ltd, 81/4, Block No. 9, Govindnagar, Kanpur 208 006, Tel: 0512-329600. KOCHI: Karvy Stock Broking Ltd, G 39, Panampilly Nagar, Kochi 682 036, Tel: 0484-2310884 (D)/2322152/2312098/2320431. Karvy Stock Broking Ltd, Room No Xix/135 (16) 1st Floor, “Noor Point”,
Opp. Federal Towers, Bank Junction, Aluva 683 101, Tel: 0484-3202627/637/3204811/2629691. Karvy Stock Broking Ltd, 7/462, B 5trans Avenue, Near Ekm Dist Coop Bank Head Quarters , Kakanad, Ernakulam 682 030, Tel: 0484-2423191/3949087. Karvy Stock Broking Ltd, D. No. 6/0290, Opp: Hazi Essa School, Gujarathi Road, Mattancherry 682 002, Tel: 0484-2211229/2211225/2223243 . Karvy Stock Broking Ltd, 1st Floor, Pindys Complex, Xx/773, Market Junction, Tripunithura 682 301, Tel: 0484-2777330/3571041. KOLHAPUR: Karvy Stock
Broking Ltd, Omkar Plaza” Shop No. F2 & F4, 1st Floor, Rajaram Road, Near Icici Bank, Kolhapur 416 008, Tel: 0231-2520650, 2520655. KOLKATA-DALHOUSIE: Karvy Stock Broking Ltd, 19, R N Mukherjee Road, 2nd Floor, Dalhousie 700 001, Tel: 033-22437863-69/90/89/22303375. Karvy Stock Broking Ltd, 493/C/A, G T Road (S), Block G, 1st Floor, Howrah Maidan 711 101, Tel: 033-26382345/2535/26404213/26370547 . Karvy Stock Broking Ltd, 22N/1, Block A, New Alipore, Kolkata 700 053, Tel: 033-24576203-05/2407 0992/2445 0108. Karvy
Stock Broking Ltd, Ad-60, Sector-1, Salt Lake, Kolkata 700 064, Tel: 033-23210461-64/0587/23344140. Karvy Stock Broking Ltd, 49, Jatin Das Road, Near Deshpriya Park, Kolkata 700 029, Tel: 033-24634787-89/24647231/32/4891/24650308. Karvy Stock Broking Ltd, P-335, Cit Scheme No. Vi M, ~, Kolkata 700 054, Tel: 033-23648927 ; 23628486. KOTA: Karvy Stock Broking Ltd, 29, Shopping Centre, 1 Floor, Near Lala Lapatrai Circle, Kota 324 007, Tel: 0744-2365145/146/144. KOTTAYAM: Karvy Stock Broking Ltd, 1st Floor, Csi Ascension Square,
Collectorate P.o, Kottayam 686 002, Tel: 0481-2302420-21. LUCKNOW : Karvy Stock Broking Ltd, K S M Tower, Cp 1, Sinder Dump, Alambagh, Lucknow 226 005, Tel: 0522-2453168/158/176. Karvy Stock Broking Ltd, Hig 67, Sector E, Aliganj, Lucknow 226 016, Tel: 0522-2329419, 2329938/39. Karvy Stock Broking Ltd, 24, Usha Sadan, Prem Nagar, Ashok Marg, Lucknow 226 001, Tel: 0522-3213183. Karvy Stock Broking Ltd, Tej Krishan Plaza, 313/9, Khun Khunji Road, Chowk, Lucknow 226 003, Tel: 0522-2258454/455/456. Karvy Stock Broking
Ltd, Shivani Plaza, Khunkhunji Plaza, 2/54, Vijay Khand, Gomtinagar, Lucknow 226 010, Tel: 0522-2391664/65/2391280. Karvy Stock Broking Ltd, 94, Mahatma Gandhi Marg, Opp: Governor House, Hazratganj, Lucknow 226 001, Tel: 0522-2236819-28, 3817001 (Rim). LUDHIANA : Karvy Stock Broking Ltd, Ground Floor, Sco -3, Feroze Gandhi Market, Ludhiana 141 001, Tel: 0161-4680050 To 4680062 And 4680080. MADURAI : Karvy Stock Broking Ltd, 274, Goods Shed Street, ~, Madurai 625 001, Tel: 0452-2350855 (D)/2350852-854 . MADURAI
: Karvy Stock Broking Ltd, Rakesh Towers, Opp Murugappa Motors, No.30, By Pass Road, Madurai 625 010, Tel: 0452-2600851-855. Karvy Stock Broking Ltd, Plot No 654-80 Feet Road, Next To Lakshmi Arasu Kalyana Mandapam, K K Nagar, Madurai 625 020, Tel: 0452-5391700/600/2523109/2530731. MANGALORE: Karvy Stock Broking Ltd, Mahendra Arcade, Ground Floor, No.4-6-577/21/22, Kodial Bail, Mangalore 575 003, Tel: 0824-2492302, 2496332, 2492901. MEERUT: Karvy Stock Broking Ltd, 1st Floor, Medi Centre, Opp Eves Centre,
Hapur Road Near Bachha Park, Meerut 250 002, Tel: 0121-2520068. MEHSANA: Karvy Stock Broking Ltd, Ul 47, Apollo Enclave, Opp Simdhear Temple, Modhera Cross Road , Mehsana 384002, Tel: 2762-242950. MORADABAD: Karvy Stock Broking Ltd, Om Arcade, First Floor, Parkar Road, Above Syndicate Bank, Taari Khana Chowk, Moradabad 244 001, Tel: 0591-2310470, 2320470. MUMBAI : Karvy Stock Broking Ltd, 26/30, Fort Foundation Building, Nagindas Master Lane Extn, Opp Msc Bank, Fort Mumbai, Mumbai 400 001, Tel: 022-22062077,
2087, 2051, 2023. Karvy Stock Broking Ltd, 29, Patel Shopping Centre, Wst Floor, Opp. Foodland Restaurant Sainath Road, Malad (West), Mumbai 400 064, Tel: 022-28824241/28828281/28895159/28891077. Karvy Stock Broking Ltd, B-153, Vashi Plaza, Sector 17, Vashi, Navi Mumbai 400 705, Tel: 022-67912087, 67912168, 67912169. Karvy Stock Broking Ltd, 7, Andheri Industrial Estate, Off: Veera Desai Road, Andheri (West) 400 053, Tel: 022-26730799/843/311/867/153/292. Karvy Stock Broking Ltd, 7&8, Eric House, Ground Floor, 16th Road,
Chembur Gymkhana Road, Near Ambedkar Garden, Chembur, Mumbai 400 071, Tel: 022-25209335, 25209336, 25209337, 25209338. Karvy Stock Broking Ltd, 101 Sapna Building, Above Idbi Bank, S K Bhole Marg, Dadar West, Mumbai 400 028, Tel: 022-24329763, 24322158, 24324378, 24329738, 24324662. Karvy Stock Broking Ltd, 16/26, 16/22, Transworld, Maharashtra Chambers Of, Commerce Lane, Opp Mcs Bank, Fort, Mumbai 400 023, Tel: 022-22819709-11/22819721-24/66331134/22021705/22021706. Karvy Stock Broking Ltd, 115,
Arun Chambers, 1st Floor, Next To A/C Market, Tardeo, Mumbai 400 034, Tel: 022-66607042/66607043. Karvy Stock Broking Ltd, 103, 1st Floor, Jeevan Chaya Bldg., Ram Maruti Road, Naupada , Thane (West) 400 602, Tel: 022-25446124/25446121. MYSORE: Karvy Stock Broking Ltd, L-350, Silver Tower, 1st Floor, Ashoka Road, Opp: Clock Tower, Mysore 570 001, Tel: 0821-2524292, 2524294. NADIAD: Karvy Stock Broking Ltd, 104-105, City Point, Near Paras Cinema, Nadiad 387 001, Tel: 0268-2563210/2563245/2563248. NAGPUR : Karvy
Stock Broking Ltd, 230-231, 3rd Floor, Shriram Shyam Towers, Next To Niit Building, Sardar, Kingsway, Nagpur 440 001, Tel: 0712-6614146/6614145. NANDED: Karvy Stock Broking Ltd, Shop No.1, 2, 3 & 4, First Floor, Opp: Bank Of India, Santkrupa Market, Gurudwara Road, Nanded 431 602, Tel: 02462-325885, 247885. NASIK: Karvy Stock Broking Ltd, F1, Suyojit Sankul Sharanpur Road, Near Rajiv Gandhi Bhavan, Nasik 422 002, Tel: 0253-2577811/5602542 . NAVSARI: Karvy Stock Broking Ltd, 1st Floor, Chinmay Arcade, Opp: Sattapir, Sayaji
Road, Navsari 396 445, Tel: 02637-280362, 280363, 280364. NEW DELHI : Karvy Stock Broking Ltd, 110-112, First Floor, Suneja Tower I, Janak Puri District Centre, New Delhi 110 058, Tel: 011-41588242/41511403/25547637. Karvy Stock Broking Ltd, 23, Shivaji Marg, Motinagar, New Delhi 110 015, Tel: 011-45436371/41428630/41428562/259288505. Karvy Stock Broking Ltd, 301, Vishal Bhavan, 95, Nehru Place, New Delhi 110 019, Tel: 011-26447065/26447066/41617868. Karvy Stock Broking Ltd, 103, Savithri Sadan-I, 11, Community Centre,
Preet Vihar, New Delhi 110 092, Tel: 011-22460978/22460952/22460940. Karvy Stock Broking Ltd, 402, 4th Floor, Vikrant Tower, Rajendra Place, New Delhi 110 008, Tel: 011-41539961/41539962/41539964. Karvy Stock Broking Ltd, 104, 1st Floor, Nanda Devi Towers, Prashanth Vihar, Central Market, New Delhi 110 085, Tel: 011-27864193/27864281/27864377. Karvy Stock Broking Ltd, 103, 1st Floor, C.S.C. Sector-b, Pocket 8&9, Opp G D Goenka Public School, Vasant Kunj, New Delhi 110 070, Tel: 011-41787159/41787160/41787156. Karvy Stock
Broking Ltd, G-29, Ansal Chambers-1, Bhikaji Cama Place, New Delhi 110 066, Tel: 011-41659719/47659722/41659723 . Karvy Stock Broking Ltd, 105-108, Arunachal Building, 19, Barakhamba Road, Connaught Place, New Delhi 110 001, Tel: 011-23324401/23324409/43509200. Karvy Stock Broking Ltd, B 2 Dd A Market, Shop No 50, First Floor, Paschim Vihar, New Delhi 110 063, Tel: 011-25263901/25263903/42321024. NOIDA : Karvy Stock Broking Ltd, 307, Jaipuria Plaza, D-68a, 2nd Floor, (Opp Delhi Public School) Sector 26, Noida 201 301,
Tel: 0120-2539271, 2539272. PANIPATH: Karvy Stock Broking Ltd, 1st Floor, Krishna Tower, Above Amertex G T Road, Panipath 132 103, Tel: 0180-2644308/2644376. PANJIM: Karvy Stock Broking Ltd, No.7 & 8, El. Dorado Plaza, Heliodoro Salgado Road, Panjim, Panjim 403 001, Tel: 0832-2426870, 2426871, 2426872. PATIALA: Karvy Stock Broking Ltd, Sco 27 D, Chhoti Baradari, ~, Patiala 147 001, Tel: 0175-5051726/27/28. PATNA: Karvy Stock Broking Ltd, Anand Tower, 2nd Floor, Exhibition Road, Near Republic Hotel, Opp: Mithila Motors,
Patna 800 001, Tel: 0612-2321354/55/56/57. PONDICHERRY : Karvy Stock Broking Ltd, First Floor, No.7, Thiayagaraja Street, Pondicherry 605 001, Tel: 0413-2220636/2220640/2220633/2220644 . Pune: Karvy Stock Broking Ltd, Off.no.6, 3rd Floor, Rachana Trade Estate, Law College Road, Sndt Circle, Cts No.105, Erandwane, Pune 411 033, Tel: 020-66048790 (5 Lines)/91/92/93. Karvy Stock Broking Ltd, Rameera Towers, 130/24,Pimprichinchwad, New Township Road, Tilak Road, Nigidi, Pune 411 044, Tel: 020-27659116/115. Karvy Stock Broking
Ltd, Shop No 2, Ground Floor, Sacred Heart Township, Wanowarie, Pune 411 040, Tel: 020-56610451/56610452/56610453/26850842. RAIPUR: Karvy Stock Broking Ltd, 02& 03, Lower Level, Millennium Plaza, Ground Floor, Behind Indian Coffee House, G E Road, Raipur 492 001, Tel: 0771-2236694-96, 6450194. RAJKOT: Karvy Stock Broking Ltd, 102-103, Siddhi Vinayak Complex, Yagnik Road, Rajkot 360 001, Tel: 0281-3291043, 3291042, 2239338. RANCHI: Karvy Stock Broking Ltd, “Commerce Towers”, 3rd Floor, Beside Mahabir Towers
Main Road, Ranchi 834 001, Tel: 0651-2330386, 2330394, 2330320. SALEM: Karvy Stock Broking Ltd, 40, Brindavan Road, Near Perumal Koil, Fair Lands, Salem 636 016, Tel: 0427-2335700/2335705/2335701-704 . Karvy Stock Broking Ltd, First Floor, Old 17, New 49, 50 Fort Main Road, Salem 636 002, Tel: 0427-2210835/836/983. SHILLONG: Karvy Stock Broking Ltd, Mani Bhawan Annexe, Ground Floor, Opp. R K M Elp School, Lower Police Bazar, Shillong 739 001, Tel: 0364-2224175/4186/8172. SHIMLA: Karvy Stock Broking Ltd, Triveni
Building, By Pass Chowk, Khallini, Shimla 171 002, Tel: 0177-2624453. SILIGURI: Karvy Stock Broking Ltd, Nanak Complex, 2nd Floor, Sevoke Road, Siliguri 734 001, Tel: 0353-2526393, 2526394, 2526395, 2526396, 2526397, 2526399. SURAT : Karvy Stock Broking Ltd, Gf-16, Empire State Building, Nr.udhana Darwaja, Ring Road, Surat 395 002, Tel: 0261-3017151-160. TRICHY: Karvy Stock Broking Ltd, Sri Krishna Arcade, 1st Floor, No.60, Thennur High Road, Thennur, Trichy 621 017, Tel: 0431-2791322/2798200/2793799/2793800 2791000
. TRIVANDRUM: Karvy Stock Broking Ltd, 2nd Floor, Akshaya Towers, Sasthamangalam, Trivandrum 695 010, Tel: 0471-2725987, 2725989-991. UDAIPUR: Karvy Stock Broking Ltd, 201-202, Madhav Chambers, Opp.gpo, Madhuban Chetak Circle, Udaipur 313 001, Tel: 0294-5101601/602/603. VADODARA : Karvy Stock Broking Ltd, Ff-4, Shital Plaza, Uday Nagar Soc, Ajwa Road, Vadodara 390 019, Tel: 0265-3240417, 2510318. Karvy Stock Broking Ltd, C-1/2/3, Jalanand Township, Nr. Undera Jakat Naka, Gorwa, Vadodara 390 016, Tel: 02653259060, 3240300. Karvy Stock Broking Ltd, SB 3, Amrapaali Complex, Near Muktanand, Water Tank Road, Karelibaug 390 018, Tel: 0265-3950628, 3951011. Karvy Stock Broking Ltd, FF11-12, Rutukalash , Tulasidham Char Rasta, Manjalpur, Vadodara 390 011, Tel: 0265-9725055783/9725010695/96. Karvy Stock Broking Ltd, GF-11/12, Alian Complex, Nr Devdeep Complex, Nizampura, Vadodara 390 002, Tel: 0265-3209888/9725395222/9725396222. Karvy Stock Broking Ltd, T-2, 3rd Floor “Savoy” Complex, Haribhakti Extn, Opp. Abs Tower, Old
Padra Road, Vadodara 390 007, Tel: 0265-6456183/6456186/6456187. Karvy Stock Broking Ltd, 38, Payal Complex, Near Vadodara Stock Exch, Sayajigunj, Vadodara 390 005, Tel: 0265-2225168/169, 2361514/2225220. Karvy Stock Broking Ltd, FF4, Chanakya Complex, High Tension Char Rasta, Subhanpura, Vadodara 390 007, Tel: 0265-3259056, 3244634. VAPI: Karvy Stock Broking Ltd, Shop No.5, Bhikhaji Regency, Opp: DCB Bank, Vapi-silvassa Road, Vapi 396 195, Tel: 0260-3206404. 3205955, 3293480. 2423218. VIJAYAWADA: Karvy
Stock Broking Ltd, 39-10-7, Opp: Municipal Water Tank, Labbipet, Vijayawada 520 010, Tel: 0866-2495200/400/500/600/700/800. Karvy Stock Broking Ltd, 11-1-25, Gmr Plaza, First Floor,BRP Road, Vijayawada 520 001, Tel: 0866-2565536/38. VISHAKAPATNAM: Karvy Stock Broking Ltd, 47-14-4, Eswar Paradise, Dwaraka Nagar Main Road, Vishakapatnam 530 016, Tel: 0891-2752915 To 18 . Karvy Stock Broking Ltd, D. No.180/129, Jhaala Complex, A.V.K.college Bldg., Beside UTI Bank, Old Gajuwaka 530 026, Tel: 0891-2511685, 25116862,
2511681.
KOTAK SECURITIES LIMITED
AGRA: Kotak Securities Limited., 2/220, Glory Plaza, Suer Sadan Crossing, M.G Rd.P:5538760; AHMEDABAD: Kotak Securities Limited., 207, 2nd Flr, Sakar-II, Ellisbridge Corner, Ashram Rd.P:26587276; Kotak Securities Limited., 201/A, Amruta Arcade, Nr Maninagar, Char Rasta, Nr Rasna Restaurant, Maninagar; Kotak Securities Limited., B/104, 1st Flr, Premium House, Opp Gandhigram Rly Stn.P:26579567; Kotak Securities Limited., B-46, Kamdhenu Complex, Opp.Sahajanand College, Panjara Pole, Ambawadi.P:26308035; ALLAHABAD:
Kotak Securities Limited., M-4, Mezzanine Flr, LDA Center, 2, Sardar Patel Marg, Civil Line.P:2561451; AMRITSAR: Kotak Securities Limited., Unit No.FUF-7, Central Mall, 32, Mall Rd; ANAND: Kotak Securities Limited., 3rd Flr, “Sanket”, Near Grid.P:2573311; AURANGABAD: Kotak Securities Limited., Kandi Tower, CTC No 12995, Jalna Rd.P:9923798392; BANGALORE: Kotak Securities Limited., # 68/150/4,9TH Main Rd, Jayanagar 3rd Block,Opp Cradle Hospital. P: 66371800; Kotak Securities Limited., ‘Umiya Landmark’–II Flr., No:10/7 -Lavelle
Rd.P: 66203601; Kotak Securities Limited., 420, Bluemoon Icon, 20th Main, 6th Cross, 6th Block, Koramangala.P:51308031; Kotak Securities Limited., no 201, soundrya sampige complex, Sampige Rd, No 412, 8th Cross, Malleswaram. Ph: 9900133758; Kotak Securities Limited., No 119, 2nd Flr, Radhakrishna Sadana, Gandhi Bazar, Main Rd.P:55128515; Kotak Securities Limited., No.173, 6th cross, 2nd Flr,Above Central Bank of India; Kotak Securities Limited., No.487/1- C M H Rd, Above Indian Overseas Bank, Indra Nagar-1 St Stage, P: 9833283543;
BELGAUM: Kotak Securities Limited., 3rd Flr, Takke Bldg, Club Rd.P: 5206654; BHARUCH: Kotak Securities Limited., 235-236, Harihar Complex, Zadeshwar Rd.P:570569; BHILAI: Kotak Securities Limited., ROOM NO -1, 2nd FLR, CHOUHAN ESTATE, G.E.RD, SUPELA, Tel : 6450460.BHOPAL: Kotak Securities Limited., Third Flr, Alankar Palace, 10-11, MP Nagar, Zone 2.P:5248133; BHUBANESHWAR: Kotak Securities Limited., Plot No – 24, 2nd Flr., SCR, Nr Bazaar Kolkata, Bapuji Nagar, Janpath.P: 2597871; CHANDIGARH: Kotak Securities
Limited., SCO-14-15, 2nd Flr, Madhya Marg, Sector-8C.P: 5065301; CHENNAI: Kotak Securities Limited., Door No 46, Sir C.P.Ramasamy Iyer Rd, Abhiramapuram, Alwarpet.P:24998368; Kotak Securities Limited., Door No.AC- 7, Second Avenue, Anna Nagar.P:26213279; Kotak Securities Limited., GRR Business Center, No.21, Vaidyaraman Street, T Nagar.P:24303100; Kotak Securities Limited., No.23, General Muthaiah Mudali Street, Sowcarpet.P:42763712; KOCHI: Kotak Securities Limited., 40/1400, 11th Flr, Ensign Enclave, Jos Junction, M.G.
Rd.P: 2377386; COIMBATORE: Kotak Securities Limited., 1st Flr, Red rose chamber, 1437,Trichy Rd.P: 6699666; DEHRADUN: Kotak Securities Limited., 1st Flr, Swaraj Complex, 72, Rajpur Rd, Opp Hotel Madhuban.P: 2745870; DHANBAD: Kotak Securities Limited., Commerce House II, Sastri Nagar, Near ICICI Bank, Tel :3294319. GHAZIABAD: Kotak Securities Limited., Office No.8, Plot No. VC-1, Sector-3, Vaishali.P: 4563190; PANAJI: Kotak Securities Limited., 2ND Flr,Gurusai Plaza,Isidoria Baptista Rd,P: 6624833; GORAKHPUR: Kotak
Securities Limited., 13-A,Mangalam Tower ; Civil Lines,Golghar ; GURGAON: Kotak Securities Limited., O-107, Shopping Mall, Arjun Nagar, DLF Phase-1.P: 5050551; GUWAHATI: Kotak Securities Limited., Akshay Tower , 4th Flr, Opp. Rupayan Arcade, Fancy Bazar, S.S. Rd.P: 2732243; HISSAR: Kotak Securities Limited., c/o Aashish AggarwalC/o TR Capital Ltd., First Flr, Ravee Arcade,95-97,Green Sqaure Market; HUBLI: Kotak Securities Limited., V A Kalburgi Complex, Ground Flr, Besides Vivekanand corner, Desai Cross,
Deshpandenagar.P:2357512; HYDERABAD: Kotak Securities Limited., 9-1-777, 4th Flr, Beside ITC Bldg, S D Rd, (LANE Opp to DBR Diagnosis).P:65326394; INDORE: Kotak Securities Limited., 314, Citi Centre, 570, M.G. Rd.P:2537336; JABALPUR: Kotak Securities Limited., Jain Tower, 3rd Flr, Ruseel Chowk.P: 4085850; JAIPUR: Kotak Securities Limited., 305-308, 3rd Flr, Green House, O-15,Ashok Marg, C-Scheme; Kotak Securities Limited., Second Flr ; Shreenath Tower ; 46-47 Cosmo Colony ; Amrapali Marg ; Vaishali Nagar; JALLANDHAR:
Kotak Securities Limited., 2nd Flr, 465, Lajpat Nagar Market; JAMMU: Kotak Securities Limited., 105 A, North Block, Bahu Plaza, Gandhi Nagar.P: 41033; JAMNAGAR: Kotak Securities Limited., 701, 5th Flr, City Point, Station Rd, Near Town Hall.P: 5540355; JAMSHEDPUR: Kotak Securities Limited., Bharat Business Centre, Ho No.2, 2nd Flr, Rm No. 8, Ram Mandir AreaBistupur.P:3090856; JODHPUR: Kotak Securities Limited., 1st Flr, Gulab Bhawan, Chopasani Rd.P: 5101956; KANPUR: Kotak Securities Limited., 312-315, 3rd Flr, 14/113, Kan
Chambers, Civil Lines, Near UP Stock Exchange.P: 3018114; KOLKATTA: Kotak Securities Limited., Govind Bhavan, Ground Flr, 2, Biplabi Trilokya Maharaj Sarani(Brabourne Rd).P: 2235 8105; KOTA: Kotak Securities Limited., D-8 First Flr, Shri Ram Complex, Opposite Multipurpose School, Gumanpura; LUCKNOW: Kotak Securities Limited., 1-2 Ground Flr, Commerce House, Habibullah Estate,11 M.G. Marg.P:3950119; Kotak Securities Limited., B-56-A ; Third Flr ; Near Star House ; Vibhuti Khand ; Gomti Nagar; Kotak Securities Limited., A-1
; Ashish Palace,Sector E,Aliganj, P: 3232285; LUDHIANA: Kotak Securities Limited., SCO-122, 2nd Flr, Firoz Gandhi Market.P: 5047214; MADURAI: Kotak Securities Limited., Shop A First Flr, KRV Arcade, AR PLAZA 16 & 17, North velli Street.P: 2341225; MANGALORE: Kotak Securities Limited., No.4, 3rd Flr, The Trade Centre, Jyoti Centre, Bunts Hostel Rd, Near Jyoti Circle.P: 424180; MEERUT: Kotak Securities Limited., NITESH KUMAR GUPTA,shop no.205, 2nd Flr,saraswati plaza;shivaji Rd;near n.a.s. college; Kotak Securities Limited., Saraswati
plaza;shivaji Rd;near n.a.s. college; Kotak Securities Limited., Shop No. G – 33 ; Ground Flr ; Ganga Plaza ; Begum Bridge Rd; MORADABAD: Kotak Securities Limited., 1st Flr, Pili Kothi, Avas Vikas Market, Civil Lines; MUMBAI: Kotak Securities Limited., 32, Gr Flr., Raja Bahadur Compound, Opp Bank of Maharashtra, Fort.P:22655074; MYSORE: Kotak Securities Limited., No: 646 - Kiran Mansion - 2 nd Flr, Above Reliance Fresh, Chamaraja Double Rd, Mysore: 570024, P: 4000861; NAGPUR: Kotak Securities Limited.,Plot no. 5, 3rd Flr, Lotus Gorepeth
Layout WHC Rd , Dharampeth, P:. 6620278; NASHIK: Kotak Securities Limited., G-5, Suyojit Avdhoot Tower, Old Gangapur Naka, Gangapur Rd.P: 6609804; NEW DELHI: Kotak Securities Limited., U B – 30, Antriksh Bhawan, K. G. Marg.P: 66313131; NOIDA: Kotak Securities Limited, 2nd Flr, Above Kotak Mahindra Bank, G-31-32, Atta Market, Sector-18.P: 4606911 PATIALA: Kotak Securities Limited., SCO-131, Second Flr, Cabin No-S-10, Chhoti Bardari.P: 56069304; PATNA: Kotak Securities Limited., Office No.7, Twin Tower Hathwa, South Gandhi
Maidan.P: 2224620; PUNE: Kotak Securities Limited., 2nd Flr, Kumar Business Center,Bund Garden Rd,Opp. Bund Graden,P: 66066129; RAIPUR: Kotak securities Limited., Menzanine Fllor, Chawla Complex, Near Vanijya Bhawan,Devendra Nagar Rd, P: 251555; RAJKOT: Kotak Securities Limited., Nath Complex, 2nd Flr, Opp. Jilla Panchayat, Above Kotak Mahindra Bank, Yagnik Rd.P:2459436; RANCHI: Kotak Securities Limited., Shop no. 24 & 25, 2nd Flr, A.C. Market, G.E.L. Church Complex, Main Rd, P: 2200860. SALEM: Kotak Securities
Limited., 5/241, F Rathna Arcade Five Rd,Meyyanur.P: 2335476; SILIGURI: Kotak Securities Limited., Nanak Complex, 2nd Flr, Sevok Rd.P:2530322; SURAT: Kotak Securities Limited., Kotak House, K G Point, 1st Flr, Nr.Ganga Palace, Opp.IDBI Bank, Ghoddod Rd.P: 5532333; TRICHY: Kotak Securities Limited., C-56,1-24-4th cross, Thillai Nagar.P: 2750710; TRIVANDRUM: Kotak Securities Limited., Mahesh Estates, 2nd Flr, T L -15/1805, Vazhuthacadu.P: 2337423; UDAIPUR: Kotak Securities Limited., 222/12, Ist Flr, Mumal Towers, Saheli Marg.P:
513901; VADODARA: Kotak Securities Limited., 216, Meghdhanush Complex, Race Course Rd (South).P: 2314455; VIJAYAWADA: Kotak Securities Limited., 40-1-48/1, Labbipet, M.G.Rd.P: 6649061; VISAKHAPATNAM: Kotak Securities Limited., Door No.47-10-15, VRC Complex , 2nd Flr, Railwa
NJ ND A NVEST PR VATE L M TED
RR EQU TY BROKERS P L M TED
SHAREKHAN L M TED
SMC GLOBAL SECUR T ES L M TED
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED : COLLECTION CENTRES FOR APPLICATION FORM
AXIS BANK LIMITED
AHMEDABAD: Trishul-Opposite Samartheshwar Templelaw Garden, Ellis Bridgeahmedabad 380006 Gujarat, Tel: 079-66306102. BANGALORE: No. 9, M.G. Road, Block Abangalore 560001 Karnataka, Tel: 080-25317830. BHOPAL: Plot No 165A & 166, Star Arcadem P Nagar, Zone 1Bhopal 462011 Madhya Pradesh, Tel: 0755-4085010/12. BHUBANESHWAR: Archbishops Housesatyanagarbhubaneshwar 751007 Orissa, Tel: 0674-2571834/735. BOKARO: Hotel Blue Diamond, 15 D/1 Western Avenueground Floor, Bokaro Steel Citybokaro 827001
Jharkhand, Tel: 06542-226123, 42, 44,. CALICUT: Axis Bank Ltd, Marina Mallymca Cross Roadkozhikode 673001 Kerala, Tel: 0495-4020598/97. CHENNAI: 82 Dr Radhakrishnan Salaimylapore, Chennaichennai 600004 Tamil Nadu, Tel: 044-28306800. DLF, GURGAON: Sg-21 & 22, Galleria Shopping Mall, Phase-iv, Dlf Qutab Enclave Complexgurgaon 122002 Haryana, Tel: 0124-4050595/96/97. GWALIOR: Kanwal Complex, Shrmant Madhav Raoscindia Marggwalior 474002 Madhya Pradesh, Tel: 0751-2233770, 80, 90. HYDERABAD: 6-3-879/
B First Floor, G Pulla Reddy Blgreenlands, Begumpet Roadhyderabad 500016 Andhra Pradesh, Tel: 040-23400732/731. INDORE: Kamal Palace, 1 Yeshwant Colonyyeshwant Niwas Roadindore 452003 Madhya Pradesh, Tel: 0731-4295201/333. JABALPUR: Grd & 1st Flr, Panchratna Blgplot No.902, Model Rd, Wright Townjabalpur 482002 Madhya Pradesh, Tel: 0761-4027700/1/2/3/4. JAIPUR: O-15, Green Houseashok Marg, C-Schemejaipur 302001 Rajasthan, Tel: 0141-4061111. KALYAN: Old Suchak Niwas, Cts No.3203murbad Roadkalyan
(West) 421301 Maharashtra, Tel: 0251-2315819/21. KANPUR: 16/104 A, Civil Lines, Infront Of Icai Bhawankanpur 208001 Uttar Pradesh, Tel: 0512-2346206/9/10. KOCHI: 41/419, Ground Floor Chicago Plaza, Rajaji Road, Ernakulamkochi 682035 Kerala, Tel: 0484-4411044/05. KOLKATA : 7, Shakespeare Saranikolkatakolkata 700071 West Bengal, Tel: 033-2822933/496. LUCKNOW: 25 B, Ashok Marg, Sikander Bagh Chauraha, Lucknowlucknow 226001 Uttar Pradesh, Tel: 0522-4152000/1-32. LUDHIANA: Shop No.3, LGF, Surya Towers108
The Mallludhiana 141001 Punjab, Tel: 0161-4684680. MUMBAI: Fortune 2000, Ground Floor, Bandra-Kurla Complex, Bandra(E)Mumbai 400051 Maharashtra, Tel: 022-30620066/7/71. NAGPUR: M. G. House, Rabindranath Tagore Road, Besides Board Office, Civil Linesnagpur 440001 Maharashtra, Tel: 0712-6621800/6621801. NEW DELHI: Statesman House, 148, Barakhamba Roadnew Delhi 110001 Delhi, Tel: 011-23311047/051
HDFC BANK LIMITED
Ahmedabad : HDFC Bank Ltd., Astral Tower, Near Mithakhali Six Raod,Navrnagpura, Ahmedabad-380 009, Tel: 079-32423470/093740 21787/079-65440373/093761 09247/079-65440373/093270 88696. Allahabad : 58, SP Marg Civil Lines Allahabad (, 211003, Tel: 3982510505514/9335070679. Amritsar : 26 Kennedy Avenue First Floor Amritsar, Amritsar-143001, Tel: 0183-3018603 and 606. Anand : HDFC Bank Ltd. 1st Floor, Sanket Complex, Next to Sales India, Grid cross road, Anand-388001, Tel: RIM-093275 68094, Tata-02692-653195,
Fax-02692 246430. Aurangabad : HDFC Bank Ltd., Divekar Plaza,CTS No 18272, IInd Floor,Railway Station Road,Padampura, Aurangabad 431001, Tel: 0240-6604355, 9371619597. Bangalore : HDFC Bank Ltd., Cash Management Services “SALCO CENTRE” # 8/24, Richmond Road, Bangalore-560025, Tel: 8066633131 09343790037. Baroda : 1st Floor, Fortune Tower,Vadodara Stock Exchange Building,Opp. Parsi Agiyari,Sayajigunj, Baroda-390005, Tel: 0265 6585517, /93247468108. Bharuch : HDFC Bank Ltd., 127, Alfa Society, Link
Road, Bharuch-392001, Tel: 9327468094/02642-650882. Bhavnagar : 1st floor, Sterling Point, Waghawadi Road, Bhavnagar-364001, Tel: 0278-2561625/9327568121. Bhopal : Asha Avenue, 1st Floor, Z-1, Zone-1 M P Nagar, Bhopal-462011, Tel: 0755-4002914, 4002916, 4002917, 9302446025. Chandigarh : sco-189-190 Sector 17 C, Chandigharh-160017, Tel: 0172-4603770-5088306/09316175094. Chennai : No. 115, Dr. Radhakrishnan Salai, 2nd Floor, Opp. to CSI Kalyani Hospital, Mylapore, Chennai-600004. Tel: 9381750927. Coimbatore
: WBO ,1552,B7, First floor, Classic Towers, Trichy Road, Coimbatore-641018, Tel: 0422-4202636/0422-4202646 (RIM :9345728785). Dehradun : WBO Deptt, HDFC Bank, 56, Rajpur Road, Dehradun-248001, Tel: 0135-3245791, 0135-2745295, 9319072148. Delhi : Fig-Ops 1st Floor, Kailash Bldg, New Delhi-110001, Tel: 011-43174071/011-43174072/011-43174073. Dhanbad : Sri Ram Plaza, 1st Floor, Bank More Dhanbad, Jharkhand-826 001, Tel: (0326) 2308831. Gandhidham : Plot No.1, Sector-8, Rabindranath Tagore Road, Gandhidham370201, Tel: 02836-653251/ 02836-233514/ 9377481871. Gorakhpur : Wholesale Banking Operations,Shreenath Complex, 10, Park Road, Civil Lines, Gorakhpur-273 001, Tel: 0551-2205685/0551-3208666/09335086506. Guwahati : 1st floor,Mishra Complex,Jail Raod, Fancy Bazar,Guwahati-781001, Tel: 0361-2734323. Gwalior : J K Plaza, Gast Ka Tazia, Lashkar, Gwalior-474001, Tel: 07514015007/9300788558. Hissar : 3 & 4 MC Area Red Square Market Railway Road Hisar, Hisar-125000, Tel: 01662-241023. Hosur : NO.24 & 25, Maruthi
Nagar, SIPCOT PO, Near Dharga, Hosur-635126, Tel: 04344-400554,09345151173. Hyderabad : WBO 1-10-60/3, III Floor, Suryodaya,Begumpet, Hyderabad-500 016, Tel: 040-30472772/2770/2771. Indore : HDFC Bank Ltd., 1st Floor, Brilliant Avenue, Sch No. 94, Sector-B, Behind Bombay Hospital, Ring Road, Indore-452010, Tel: 0731-3912851, 3912856 RIM : 09329766183. Jaipur : HDFC Bank House, 2nd Floor, O-10,Ashok Marg,C-Scheme, Jaipur-302001, Tel: 5103486, 5115476 & 9314274796. Jalandhar : HDFC Bank Ltd., 1st Floor, 911,
GT Road, Nr. Narinder Cinema, Jalandhar-144001, Tel: 0181-5017790-92/9316939408/9316915509/9317785643. Jalgaon : HDFC Bank Ltd., 3rd Floor, Sugan Heights,P P NO 324/2, TPS II,Near Central Bus Stand Jalgaon-425001, Tel: Dir :- 0257-2237642, Fax-0257- 2237042, Rim No 9372747743. Jammu : CB-13, Rail Head Commercial Complex, Gandhi Nagar, Jammu-180004, Tel: 0191-2471427, 2475396. Jamnagar : Abhishek3rd Floor ,Saru Section Road,Near Savan appartment,Jamnagar-361008, Tel: PH-02886541963-RIM-9327812378.
Jhansi : HDFC Bank Ltd Damroo Cinema complex, CIvil Lines Jhansi 284003, Tel: 0510-2449330 & 9335087889. Jodhpur : HDFC Bank Ltd., Ist Floor, 15, Keshav Comlex, Nimbera House, Paota, Mandore Road, Jodhpur-342010. Tel: LL. 0291-2541839, Rim- 09314158246. Junagadh : Ground Floor,Moti palace, opp.Rayji Nagar, Moti Baugh Road., Junagadh-362001, Tel: 0285-2670067/9327568072. Kolhapur : Gemstone, 517/A/2 E ward New shahupuri, Nr Central Bus Stand Kolhapur-416001, Tel: 0231-2652791/2010099/2651906/9373083495/
9373053918. Kolkata : Abhilasha-II, 6 Royd Street (2nd Floor), Kolkata-700016, Tel: 22273761, 9331992557, 9331430891. Kota : 13-14,Main Jhalawar Road, Kota-324007, Tel: 0744-2390485/9314480984. Kottayam : 3rd Floor Unity Buildings, KK Road, Kottayam-686002, Tel: 0481-2302361,9387332717/ 0481-642418,9387332720/ 0481-3206000/0481-6452418. Ludhiana : SCO-54, Phase-2 Urban Estate Dugri, Ludhiana-141001, Tel: 0161-3040060/61/62/63/9316897673. Mangalore : Ideal Towers 1st floor, Opp Sharavu Ganapathi Temple,
G T road Mangalore-1, Mangalore-575001, Tel: 0824-6451392/93/rim-9342231594. Meerut : HDFC Bank Ltd., 1st Floor 381, Western Kutchery Rd Meerut U.P, Meerut-250001, Tel: 0121-4028363/65, 09319058981. Mehsana : Prabhu Complex “ Nr Rajkamal Petrol Pump, Highway Road,Mehsana 384002. Tel: 02762 243173/9327568081. Moradabad : HDFC Bank Ltd, First Floor, Chaddha Complex, GMD Road, Moradabad-244001, Tel: 05913208473, 9336015976. Mumbai : Ground Floor, Maneckji Wadia Building,Nanik Motwani Marg,Near Kala
Ghoda,opp Mumbai University,Fort Mumbai- 400 001, Tel: 022-40801570/1528/1570/1560. Mysore : Mythri Arcade, Saraswathipuram,1st Main, Mysore-570009, Tel: 0821-4255304/9342591264. Nagpur : 2, “ Mile Stone “ Block No 303 & 304, Near Lokmat Square, Wardha Road, Nagpur-440010, Tel: 0712-2454417,2451746 and RIM 9372153142, 9371657462. Nasik : HDFC Bank Ltd., 3rd Floor, Archit Centre, Opp Sandeep Hotel, Chandak Circle Link Road, Near Mahamarg Bus Stand, Nasik 422 002, Tel: 0253-6620251/252/95253-2578322/ 952532578322, RIM NO : 93727 48487. Navsari : Gr Flr, Nandani Complex, Station Road, Navsari-396445, Tel: 02637-280901,9327568065. Panipat : 801/4,Opps Railway Road, G.t Road, Panipat-132103, Tel: 9315416685/01804015268. Panjim : 301, Milroc Lar Menezes, Swami Vivekanand Road, Panjim-403001, Tel: 6659744,45, 9326801996, 9372491097. Patiala : Building NO 11520, 1st Floor Leela bhawan, Near Gopal Sweets, Patiala-147001, Tel: 0175-5022000 ,9317664977, 9356055165. Pondicherry : T.S.No.6, 100Ft Road, Ellaipillaichavady,
Pondicherry-605005, Tel: 0413-2206575/9362845444. Pune : Fortune Square 3rd Floor, Deep bungalow Chowk, Model Colony, Shivajinagar, Pune-411016, Tel: 020-41224309/ 020-41224328/ 020-41224311/ 020-41224335. Raipur : HDFC BANK LTD, Chawla Towers, Near Bottle House, Shankar Nagar, Raipur, Chhattisgarh 492007, Tel: 0771-4003110/3112. Rajkot : Shivalik-V, 3rd Floor, Gondal Road,Rajkot-360002, Tel: 0281-6536982/09377408494. Siliguri : 136/115 Hill Cart Road, Siliguri-734401, Tel: 0353-2520409/9333744964. Surat :
1st Floor, Crossway Mall, Near Ram Chowk, Ghod Dod Road, Surat-395007, Tel: 0261-6677807. Trivendrum : BOB Plaza, Second Floor, T. C. 12/149 ( 3), Pattom ,Trivandrum-695004, Tel: 0471-3083430/9388860244. Vapi : 1 st Floor, Kanta Trade Center, GIDC Char Rasta, Vapi-396195, Tel: 0260-6548104, 09377929205.
ICICI BANK LIMITED
AHMEDABAD: JMC House, Opp. Parimal Gardens,Opp Parimal Garden, Ambawadi, Ahmedabad-380 006Tel: (079) 66523717-719. BANGALORE: ICICI Bank Towers, 1, Commissariat Road, Ground Floor, Bangalore-560025, Tel: 080-41296007 . , , ICICI Bank Ltd., No.509, 8th Cross, West of Kanakapura Road, Jayanagar 7th Block, Bangalore -560082, Tel: 080-22449738/41131877/26643500. , , ICICI Bank Ltd, Salarpuria House, # 496, CMH Road, Indira Nagar. -560038, Tel: 080-42171362/41131877/42171364. BELGAUM: Shree Krishna Towers,
#14, Khanapur Road, RPD Cross, Tilakwadi, Belgaum. -590006, Tel: 0831 -2404 203, 2404 204,2404 205 . BHARUCH: Blue Chip Complex, Sevashram Road, Panchbatti,Bharuch-392001, Tel: 02642-252451/ 52/53 . BHAVNAGAR: Ground Floor, Plot No. 2569,Ratnadeep, Opp. Central Salt Research Institute,Waghawadi Road, Bhavnagar -364002, Tel: 0278-2573626/27. CHANDIGARH: SCO 9-10-11, Sector 9-D. Chandigarh-160017, Tel: (0172)-5070542 . CHENNAI: 110, Prakash Presidium, Uthamar Gandhi Salai, (Nungambakkam High Road),
Chennai-600034, Tel: 044-28228003,4,28220713,28222461,28222399,28256359. ICICI Bank Ltd., 7, Bazullah Road, T.Nagar, Chennai-600017, Tel: 044-42606510/42125747. ICICI Bank Ltd., 2/1, LB Road,Chennai-600 020, Tel: 044-42116434/42116440. ICICI Bank Ltd., P.B.No. 1610, Dare House, Annexe 44, Moore Street, Chennai-600001, Tel: 044- 25341164/42088000/42166789. DURGAPUR: ICICI Bank Ltd, The Legend, Ground Floor, Opp Suhatta Mall,City Centre, Durgapur, West Bengal -713216, Tel: 0343-2544420/6452521/2544439.
GHAZIABAD: ICICI Bank Ltd, R- 1/88, Raj Nagar, Ghaziabad, Uttar Pradesh-201001, Tel: 0120-2833868/2833071/2854371/2854372 . GURGAON: ICICI Bank Ltd, SCO 18 & 19, HUDA Shopping Centre, Sector-14, Market Complex, Gurgaon-122001, Tel: 0124-4267151-7. HUBLI: Eureka Junction, Travellers Bungalow Road, Hubli-580029, Tel: 0836-4265212,4265216,4265223,4265240,4265229. JABALPUR: ICICI Bank Ltd, Kailash Automobiles, 124 Napier Town, Model Road, Jabalpur (M.P) -482001, Tel: 0761-4036932/4087027/4087075 .
JAIPUR: C-99, Shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, Jaipur-302001, Tel: 0141-5107444, 0141-2361992. JAMSHEDPUR: Natraj Mansion, Main Road, Bistupur, Jamshedpur-831001, Tel: 0657-2422509/10/2425907/12 . KOLHAPUR: Ground Floor, Vasant Plaza, Rajaram Road, Rajarampuri, Kolhapur-416001, Tel: 0231-2534292/3/4. KOLKATA: 22, R N Mukherjee Road, Kolkata-700001, Tel: 033-22428537/22100995. ICICI Bank Ltd., BJ-140, Sector II, Salt Lake City, Kolkata -700091, Tel: 033-23598064/44026102/
44026115. ICICI Bank Ltd., Rishikesh, 1/1, Ashutosh -Chowudhry Avenu Ballygunge Kolkata 700019, Tel: 033-30582536/22807684. MUMBAI : ICICI Bank Ltd., Reis Magos, Sutrale Road, off. Chandavarkar Lane, Borivali (W), Mumbai-400092, Tel: 0712-2540302/5614040 /2561983 /2540294. ICICI Bank Ltd., Galleria Shopping Mall, Hiranandani Gardens, Powai, Mumbai-400076, Tel: 022-25704846/28307777/65257173. ICICI Bank Ltd., Shop No 14,15 & 16, Shri Ganesh CHS, Sector 1, Opp.Apna Bazar, Vashi Navi Mumbai Dist-400703, Tel: 08212414006/2412222/2416888. 30,Mumbai Samachar Marg-400001, Tel: 022-22627600. ICICI Bank Ltd., Sagar Avenue, Ground Floor, Opp. Shoppers Stop, S.V. Road, Andheri (W), Mumbai-400058, Tel: 022-26288093/66930384/66390395. ICICI Bank Ltd., 167-C, Poonawadi, Dr. Ambedkar Road, Dadar, Mumbai-400014, Tel: 022-24116203/24116205. ICICI Bank Ltd., Glenmorgan,Veer Savarkar Marg,Panchpakhadi,Thane-400602, Tel: 022-65972498/65972499/65972498. NEW DELHI : 9A, Phelps Building, Inner Circle,Connaught Place, New Delhi110001, Tel: 0832-2232180/2424217/ 2424225/ 2423444. NOIDA: K-1, Senior Mall, Sector 18, NOIDA-201301, Uttar Pradesh-201301, Tel: 0413-2332237/38/42. PUNE: A-Wing, Shangrila Gardens, Bund Garden Road, Pune-411001, Tel: 0651-2330286,2330654,2330789 . RAJKOT: Jai Hind Press annexe, Opp. Shardabaug, Babubhai Shah Marg, Rajkot-360001, Tel: 0427-2336635/36/39. SURAT: Anjan Shalaka, Lal Bungalow, Athwa Lines, Surat-395007, Tel: 0265-2339923/2339924/2339925/2339927/2339928 . VIJAYWADA: D-40-1-52/5, Sainag
Complex, M G Road, Vijayawada-520010, Tel: 0866-6677001/6610005/0883-2435776. VISAKHAPATNAM: 47-14-18, Isnar Satyasri Complex, Main Road, Dwarkanagar, Vishakapatnam-530016, Tel: 0891-2762644/6648782.
IDBI BANK LIMITED
AGRA : IDBI Bank Ltd., Hall No . H-2, Gr Floor, Padamdeep Tower, G 10/8, Sanjay place, Agra-282002, UP, Tel: (562) -2526704. AHMEDABAD : IDBI Bank Ltd., IDBI Complex, Lal Bungalows Off, CG Road, Ahmedabad Pin : 380006, Gujarat, Tel: (079)-66072623. AHMEDNAGAR : IDBI Bank Ltd., 210, Palashikar Bldg, Near Shami Ganpati, Delhi Gate, Ahmednagar, Pin : 414001, Maharashtra, Tel: (0241)-2345457. ALLAHABAD : IDBI Bank Ltd. Jeevan Prakash Building, 172A/40, M.G Marg, Civil Lines, Allahabad-211001, UP, Tel: (0532)-6451901.
AMRITSAR : IDBI Bank Ltd., Adjacent to Hotel Raj Continental, Court Road, Amritsar-143001, Punjab, Tel: (0183)-2224574. BANGALORE : IDBI Bank Ltd., IDBI House, 58 Mission Road, Bangalore Pin : 560027, Karnataka, Tel: 91 (80) 2290447. BAREILLY : IDBI Bank Ltd., 146 Civil Lines, Circuit House, Chouraha., Bareilly Pin-243001, UP, Tel: 0581-2510399. BELGAUM : IDBI Bank Ltd., ’3493/1B, College Road, Belgaum Pin : 590001, Karnataka, Tel: (0831)-2405005. BHILAI : IDBI Bank Ltd., New Era, 19, Priyadarshni Parisar, Nehru Nagar Square,
Bhilai Pin : 490020, Chhattisgarh, Tel: (0788)-2292158. BHOPAL : IDBI Bank Ltd., Hall A Centre Point, M P Housing Board Bldg, TT Nagar, Pin:462003, Tel: (0755)-4058553. BOKARO : IDBI Bank Ltd., M/S Classic, A - 1/2, City Centre, Sec - 4, Bokaro Pin : 827004, Jharkhand, Tel: (06542)-233889. CALICUT : IDBI Bank Ltd., Ground Floor & First Floor, City Plaza, YMCA Cross Road. Kozhikode Pin : 673001, Kerala, Tel: (0495) - 2766855. CHENNAI : IDBI Bank Ltd, PM Towers, 37, Greams Road, Chennai Pin : 600006, Tamil Nadu, Tel: (044)-24301731.
COCHIN : IDBI Bank Ltd., Dhanwantari Building, Near Padma Theater, MG Road, Kochi Pin : 682035, Kerala, Tel: +91 (484) 382519. COIMBATORE : IDBI Bank Ltd, Door No: 72 Mayflower E Castle, Dr. Balasundaram Road, ATT Colony, Off Avinashi Road( RTO Office road), Coimbatore, Pin : 641018, Tamilnadu, Tel: (0422)-4299010/11. DEHRADUN : IDBI Bank Ltd., 59/4, International Trade Centre, Rajpur Road, Dehradun Pin : 248001, Uttaranchal, Tel: (0135)- 2741225/26/27. DHANBAD : IDBI Bank Ltd., Skylark Complex, Bank More, Dhanbad
Pin : 826001, Bihar, Tel: 03262300761/762. HIMMATNAGAR : IDBI Bank Ltd.Shreeji Complex, Opp: Civil Hospital, District : Sabarkantha, Himmatnagar Pin : 383 001, Gujarat, Tel: (02772)-240281. HOSUR : IDBI Bank Ltd., Ground Floor, No.15, Second Cross, Kamaraj Colony, Hosur Pin : 635109, Tamil Nadu, Tel: (04344)-220584. HYDERABAD : IDBI Bank Ltd., Mahavir House, Basheerbagh Square, Hyderabad Pin : 500029, Andhra Pradesh, Tel: +91 (40) 66746000/41. JAIPUR : IDBI Bank Ltd., D-24 Durlabh Niwas, Prithviraj Road, C Scheme,
Jaipur Pin : 302001, Tel: (0141)-5113456. JALANDHAR : IDBI Bank Ltd, Bombay Palace, 136, Jawahar Nagar, Cool Road, Jalandhar Pin : 144001, Punjab, Tel: (0181)-2227132. JALGAON : IDBI Bank Ltd.Khandesh Mills Complex, Nehru Chowk, Jalgaon Pin : 425001, Maharashtra, Tel: 0257 2229962. JAMMU : IDBI Bank Ltd., IDBI Ltd, Office Block No O.B.26, Grid Bhavan 1st Floor, Rail Head Complex, Jammu Pin : 180012, Jammu & Kashmir, Tel: (0191)-2474337. JAMSHEDPUR : IDBI Bank Ltd., Shantiniketan, Sakchi Boulevard Road, Bistupur,
Jamshedpur Pin : 831001, Jharkhand, Tel: +91 (657) 425-452. KAKINADA : IDBI Bank Ltd., R K Electrical Works, Door No 43-1-28, Main Road Kakinada Pin : 533001, Tel: (0884)-2345602. KANPUR : IDBI Bank Ltd., Jeevan Vikas, MG Road, Near Statue Junction, Kanpur Pin : 208001, Uttar Pradesh, Tel: (0512)-2305437. KOLKATA : IDBI Bank Ltd., 44, Shakespeare Sarani, PB No 16102, Kolkata Pin : 700017, West Bengal, Tel: (033)66338866. KOTTAYAM : IDBI Bank Ltd., Thekkekarayan Towers, Muttambalam Post, Kanjikuzhy, Kottayam Pin
: 686004, Kerala, Tel: +91 (481) 2573-112. LUCKNOW : IDBI Bank Ltd., UPCB Bldg., 2 MG Road, Lucknow, Pin:226001, Tel: (0522)-2619915. LUDHIANA : IDBI Bank Ltd., SCO 126-128, Kalinga towers, Feroze Gandhi Market, Ludhiana Pin : 141001, Tel: (0161) 2412105. MADURAI : IDBI Bank Ltd, 1/1, Karthik Raja Complex, Vinayaga Nagar, KK Nagar, Madurai Pin : 625020, Tamil Nadu, Tel: (0452)-4391499. MANGALORE : IDBI Bank Ltd., Metalco Plaza, Highland Road, Falnir, Kankanady, Mangalore Pin : 575001, Karnataka, Tel: (0824)-2431000.
MORADABAD : IDBI Bank Ltd., Delhi Road, Majhola Chowk, Opp.Dharamkanta, Moradabad Pin : 244001, Uttar Pradesh, Tel: (0591)-2485917. MUMBAI- NARIMAN POINT : IDBI Bank Ltd., Mittal Tower, ‘C’ Wing, Ground Floor, Nariman Point, Mumbai-400021, Maharashtra, Tel: +91 (22) 66588111. MYSORE : IDBI Bank Ltd., Anand Archade, MIG- 11, V.M. Double Road, Saraswathipuram, Kuvempunagar, Mysore Pin : 570009, Karnataka, Tel: 0821-2545424. NADIAD : IDBI Bank Ltd., Shop No 1 & 2, Ground Floor, ISKON ARCADE, College Road,
Nadiad, Gujarat, Tel: 0268 2520183. NANDED : IDBI Bank Ltd., Lahoti Complex, Near Parbhat Talkies, Vazirabad P B 24, Nanded, Nanded Pin : 431601, Maharashtra, Tel: 02462-234673. NASHIK : IDBI Bank Ltd., A-1& 2 “Prathamesh”, Thatte Nagar, Gangapur Road, Nashik Pin : 422005, Maharashtra, Tel: 0253- 2317001 / 5627001. NAVSARI : IDBI Bank Ltd., ‘G-1, Hare Krishna Complex, Chimnabai Road, Near Vasant Talkies, Navsari Pin : 396445, Gujarat, Tel: (02637)- 233462/250621. NELLORE : IDBI Bank Ltd., 16-1-655, Ground Floor, L.R.
Shine, Jawaharlal Nehru Road, VRC Centre, Nellore Pin : 524001, Andhra Pradesh, Tel: 0861-2341542/43/44. NEW DELHI -K.G.MARG : IDBI Bank Ltd, Surya Kiran Building, Ground Floor, 19 K G Marg, New Delhi Pin : 110001, Delhi (UT - NCT), Tel: (011)-23358290. NEW DELHI- SIRI FORT : IDBI Bank Ltd, Sat Pual Mittal Centre, 1/6, Siri Fort Institutional Area, Khel Gaon Marg, New Delhi Pin : 110049, Delhi (UT - NCT), Tel: (011) 26497104. PATNA : IDBI Bank Ltd., Kashi Palace Complex, Dak Bungalow Road, Opposite Heera Palace, Patna
Pin : 800001, Bihar, Tel: (0612)-6510293. RAIPUR : IDBI Bank Ltd., Singhania House, Civil lines, Opp Museum, Raipur Pin : 492001, Chhattisgarh, Tel: (0771)-4044972. RANCHI : IDBI Bank Ltd., 715, Kataruka House, Near Sartaj Hotel, Main Road, Ranchi Pin : 834001, Jharkhand, Tel: (0651) 2202197. SALEM : IDBI Bank Ltd., K.T.Towers, Ground Floor, No. 111, Omallur Main Road, Four Road, Salem, Salem Pin : 636007, Tamil Nadu, Tel: 0427-2411500/600. SATARA : IDBI Bank Ltd., 218, Pratapganj Peth, Veer Sawarkar Marg, Satara City, Satara
Pin : 415002, Satara Pin : 415002, Tel: 02162 280526, 280527. SHILLONG : IDBI Bank Ltd., Plot No.4, Opposite M.T.C. Building, Jail Road, Police Bazar, Shillong Pin : 793003. Meghalaya, Tel: (0364)-2224632. SHIMLA : IDBI Bank Ltd., Jeevan Jyoti, Lala Lajpatrai Chowk, The Mall, P B No. 52, Shimla Pin : 171001, Himachal Pradesh, Tel: +91-(0177) 2658999. SURAT : IDBI Bank Ltd., ESS EN House, Ghod Dod Road, Surat Pin : 395001, Gujarat, Tel: (0261)-6540385. UDAIPUR : IDBI Bank ltd, Mumal Towers, 16 Saheli Marg. Udaipur Pin : 313001,
Rajasthan, Tel: (0294)-5130622. VIJAYAWADA : IDBI Bank Ltd., BSR Plaza, Near Maris Stella College, Ring Road, Vijayawada Pin : 520008, Andhra Pradesh, Tel: (0866)-2496912/14.
DHANALAKSHMI BANK LIMITED
AHMEDABAD: 3, Motilal Chambers, Income Tax Circle,, Near ‘Sales India’,Ashram Road, 143- Ahmedabad, Ahmedabad Dist, Gujarat-380 009 Tel: 079 64502690, 64502692, 64502694. CHENNAI: P.b.no.359, 104 & 107,Om Sakthi Towers, Mount Road,, Anna Salai, Chennai, Tamil Nadu-600 002 Tel: 044 64530595, 64530587, 64530580. ERNAKULAM-COCHIN: 32/2383, Kmm Building, Opposite KSEB, S N Junction, 38- Palarivattom, Ernakulam Dist, Kerala-682 025, Tel: 0484 0484-6453447, 6453441. KOLKATA: Ideal Plaza,, Ground Floor,,
11/1, Sarat Bose Road, Mento Park, 154- Kolkata, West Bengal-700 020, Tel: 033 22815100. MUMBAI: Ground Floor,Janmabhoomi Bhavan,Plot 11-12, Janmabhoomi Marg, 144- Fort, Mumbai, Maharashtra-400 001 Tel: 022 22871658, 22022943. NEW DELHI: 16/15, W.E.A., J.S.Plaza, Arya Samaj Road, Karol Bagh, New Delhi-110 005, Tel: 011 64508887, 64507036, 64506070, 64509992, 64505419, 64508708. PUNE: Ground & 1st Floor, Radiant Arcade, M.G. Road, (East Street), Pune. Tel: 20 6400105, 6400106. TRICHY: B 35, Sastri Road,
Thillainagar, Thiruchirappalli, Tamil Nadu-620 018, Tel: 0431 6450991, 6450992, 6451476. TRIVENDRUM: Dhanlaxmi Bank, P.B.No 5067, Karimpanal Arcade, 57- Fort, Thiruvananthapuram, Kerala-695 023, Tel: 0471 6451227, 6451244, 6451071, 6451079, 6451093, 6451295.
INDUSIND BANK LIMITED
AHMEDABAD : World Business House, M. G. RoadNr. Parimal Garden, Ellis BridgeAhmedabad - 380 015, M - 09925221124. CHENNAI : No.3 Village Road NungambakkamChennai - 600 034, M-09003127521. GURGAON : First India Place,Block A, Sushant Lok Phase-1, Gr.Flor, Tower B, Gurgaon 122002, M-09899288617/ 0124-6462117. HYDERABAD : 40/581, S.V.Complex, R. S. RoadKurnool - 518004, M-9652666615. KOLKATA : Megacity Chambers, 1 India Exchange PlaceGround Floor, Kolkata 700 001, M-9836072472. MUMBAI: Premises
No. 1, Sonawala Building 57, Mumbai Samachar Marg, Fort, Mumbai 400 001, M-09821147300/022-66366593. Mamta House, 231, S.V.Road, Bandra (West), Mumbai- 400 050, M-09930010293, 26458320/22. Shop No.5, Between A&B Wing, Kamala Nagar, M.G.Road, Kandivali (W), Mumbai – 400 067, M: 09833425423/022-28022079/80. NEW DELHI : Dr. Gopal Das Bhawan28, Barakhamba Road, New Delhi - 110 001., M-09873177751/011-23738407.
ING VYSYA BANK LIMITED
BANGALORE: 22 Ground Floor Ing Vysya House M.g.road Bangalore-560 001. BHUBANESHWAR: 25A Janpath,Kharvel Nagar,Unit-III Bhubaneswar-751001. CHANDIGARH: SCO 70-71 Ground Floor Sector-8C Madhya Marg Chandigarh-160 018. CHENNAI: 185 Anna Salai Near TVS Chennai-600 006. INDORE: 7/1 K.K. Bapna Arceda Dr. Roshan Singh Bhandari Marg Savrkar Circle Narayan Kothi Indore-452 001. JAIPUR: E-74 Bhagat Singh Marg C-scheme Jaipur-302 001. KAKINADA: 26-1-4/1 Opp. Satyanarayana Swamy Temple Street
Kakinada-533 001. KOLKATA: 4/1 Middleton Street Sikkim House Kolkata-700 071. MUMBAI: Mittal Towers A-wing Ground Floor 210 Nariman Point Mumbai-400 021. NEW DELHI: Narian Manzil Ground Floor Shop No. G1 To G5 I Floor Shop No.1001 To 1007 Barakhamba Road New Delhi -110 001. PUNE: 928 Mantri Centre F.C. Road Pune-411 004. SURAT: Surya Plaza, Ground Floor, B/S Gujarat Samachar Bhavan, Near Udhana Darwaja, Ring Road, Surat-395002.
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED
3
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3
GENERAL INSTRUCTIONS
and
the
Company
being
satisfied
that the regulations concerning transfers of Tranche 3 Bonds have been
Applicants are advised to read the Prospectus -Tranche 3 and the General Instructions
contained in this application form carefully and to satisfy themselves of the disclosures before complied with.
making an application for subscription. Unless otherwise specified, all the terms used in this 4. Debenture Redemption Reserve (“DRR”): Section 117C of the Companies Act requires any company that
application form have the same meaning as in the Prospectus -Tranche 3. For a copy of the intends to issue debentures to create a DRR to which adequate amounts shall be credited out of the profits of
Prospectus -Tranche 3, the applicant may request Company and/or the Lead Managers. the company till the redemption of the debentures. However, the Ministry of Company Affairs (the “MCA”) has,
Further, investors are advised to retain the copy of the Prospectus -Tranche 3/Abridged through its circular dated April 18, 2002, specified that NBFCs which are registered with the RBI under Section
Prospectus -Tranche 3 for their future reference. Please fill in the Form in English using 45-IA of the RBI Act, 1934 shall create DRR to the extent of 50 per cent. of the value of the debentures issued
BLOCK letters. Investors should carefully choose the Option(s) they wish to apply for. Please through public issue. Accordingly, the Company shall create DRR of 50 per cent of the value of Tranche 3 Bonds
issued and allotted in terms of this Prospectus - Tranche 3, for the redemption of the Tranche 3 Bonds. The
refer to Terms of the Issue in the Prospectus -Tranche 3 for details.
Company shall credit adequate amounts to DRR from its profits every year until the Tranche 3 Bonds are
TERMS OF THE ISSUE
1.Issue, Status of Tranche 3 Bonds: 1.1 The public issue of Tranche 3 Bonds of the Company not exceeding redeemed. The amounts credited to the DRR shall not be utilized by the Company for any purpose other than
Rs. 21,716.7 million for the financial year 2010-2011. These terms and conditions are for the Tranche 3 Bonds for the redemption of the Tranche 3 Bonds.
issued under the Prospectus – Tranche 3. 1.2 The Tranche 3 Bonds in this Issue are constituted, issued and 5. Underwriting: This second tranche under the Prospectus – Tranche 3 is not underwritten.
secured pursuant to a Debenture Trust Deed. The Bondholders are entitled to the benefit of the Debenture 6. Interest: 6.1 Annual Payment of Interest: Subject to buyback of the Tranche 3 Bonds as specified in the
Trust Deed and are bound by and are deemed to have notice of all the provisions of the Debenture Trust Deed. section 10.3 below, for Series 1 Tranche 3 Bonds, interest at the rate of 8.25 % per annum will be paid annually
The Company is issuing the Tranche 3 Bonds in accordance with and pursuant to the Notification. The Tranche commencing from the Deemed Date of Allotment and on the equivalent date falling every year thereafter. 6.2
3 Bonds issued by the Company may be classified as ‘long term infrastructure bonds’ for the purposes of Cumulative Payment of Interest: Subject to buyback of the Tranche 3 Bonds as specified in the section 10.3
Section 80 CCF of the Income Tax Act. 1.3 The Tranche 3 Bonds are issued in the form of secured, redeemable, below, interest on the Series 2 Tranche 3 Bonds shall be compounded annually at the rate of 8.25 % per annum
non convertible debentures. The Tranche 3 Bonds constitute direct and secured obligations of the Company commencing from the Deemed Date of Allotment and shall be payable on the Maturity Date or the Buyback
and shall rank pari passu inter se and without any preference or priority among themselves. Subject to any Date, as the case may be. 6.3 Day Count Convention : Interest shall be computed on a 365 days-a-year
obligations preferred by mandatory provisions of the law prevailing from time to time, the Tranche 3 Bonds shall basis on the principal outstanding on the Tranche 3 Bonds. However, where the interest period (start date to
also, as regards the principal amount of the Tranche 3 Bonds, interest and all other monies secured in respect end date) includes February 29, interest shall be computed on 366 days-a-year basis, on the principal outstanding
of the Tranche 3 Bonds, rank pari passu with all other present and future debenture holders of the Company. on the Tranche 3 Bonds. 6.4 Interest on Application and Refund Money: 6.3.1 Application Interest: The
The security described in section 14 of the section entitled “- Security” on page 118 shall be pari passu with all Company shall not pay any interest on the Application Amount. 6.3.2 Refund Interest The Company shall not
the present and future borrowings of the Company from various lenders (although such lenders do not have the pay any interest on refund of Application Amount, in whole or part.
benefit of any security over immovable property). The claims of the Bondholders shall be superior to the claims 7. Redemption: 7.1 Unless previously redeemed as provided under the Debenture Trust Deed, the Company
of the unsecured creditors of the Company (subject to any obligations preferred by mandatory provisions of the shall redeem the Tranche 3 Bonds on the Maturity Date. 7.2 Procedure for Redemption by Bondholders:
The procedure for redemption is set out below: 7.2.1 Tranche 3 Bonds held in electronic form:No action is
applicable law prevailing from time to time).
2. Form, Face Value, Title and Listing etc: 2.1 Form : 2.1.1 The allotment of the Tranche 3 Bonds shall be required on the part of Bondholders at the time of maturity of the Tranche 3 Bonds. 7.2.2 Tranche 3 Bonds
in a dematerialized form (fungible and represented by the statement issued through the electronic mode) or in held in physical form: No action will ordinarily be required on the part of the Bondholder at the time of redemption
physical form as indicated in the Application Form by an Applicant. The Company has made depository and the Maturity Amount will be paid to those Bondholders whose names appear in the Register of Bondholders
arrangements with National Securities Depository Limited (“NSDL”) and Central Depository Services (India) maintained by the Company on the Record Date fixed for the purpose of redemption. However, the Company
Limited (“CDSL”, and together with NSDL, the “Depositories”) for issue of the Tranche 3 Bonds in a dematerialized may require that the Consolidated Bond Certificate(s), duly discharged by the sole holder or all the joint-holders
form pursuant to the tripartite agreement between: (i) the Company, NSDL and the Registrar dated December (signed on the reverse of the Consolidated Bond Certificate(s)) to be surrendered for redemption on Maturity
13, 2004; and (ii) the Company, CDSL and the Registrar dated December 21, 2004. (together the “Tripartite Date and shall be sent by the Bondholders by registered post with acknowledgment due or by hand delivery to
Agreements”) The Company shall take necessary steps to credit the Depository Participant account of the the Registrar or Company or to such persons at such addresses as may be notified by the Company from time
Applicants with the number of Tranche 3 Bonds allotted. The Bondholders holding the Tranche 3 Bonds in to time. Bondholders may be requested to surrender the Consolidated Bond Certificate(s) in the manner as
dematerialised form shall deal with the Tranche 3 Bonds in accordance with the provisions of the Depositories stated above, not more than three months and not less than one month prior to the Maturity Date so as to
Act and/or rules as notified by the Depositories from time to time. 2.1.2 The Bondholders may rematerialize the facilitate timely payment. See the section entitled “Payment on Redemption or Buyback” on page 116 of the
Tranche 3 Bonds issued in dematerialized form at any time after allotment, in accordance with the provisions of Propsecuts - Tranche 3. 7.3 Buyback of Tranche 3 Bonds: 7.3.1 An Applicant subscribing to the Series 1
the Depositories Act, 1996 and/or rules as notified by the Depositories from time to time. 2.1.3 In case of Tranche 3 Bonds and/or the Series 2 Tranche 3 Bonds, shall at the time of submitting the Application Form
Tranche 3 Bonds that are allotted or held in physical form or upon rematerialization, the Company will issue one indicate his or her preference for utilizing the buyback facility offered by the Company for the Series 1 Tranche
certificate to the Bondholder for the aggregate amount of the Tranche 3 Bonds that are held by such Bondholder 3 Bonds and/or the Series 2 Tranche 3 Bonds by opting for it in the Application Form and completing all formalities
(each such certificate a “Consolidated Bond Certificate”). The Company shall dispatch the Consolidated Bond as may be prescribed therein. 7.3.2 The Company shall dispatch the Buyback Intimation Request at least 15
Certificate to the address of the Applicant mentioned in the Application Form within two Working Days from the days prior to the commencement of the Buyback Intimation Period, requesting buyback confirmation from the
date of Allotment of the Tranche 3 Bonds. 2.1.4In respect of the Consolidated Bond Certificate(s), the Company Bondholders as specified below. A Bondholder may respond to the Buyback Intimation Request at any time
will, upon receipt of a request from the Bondholder within 30 days of such request, split such Consolidated Bond during the currency of the Buyback Intimation Period by informing the Company in writing of the following:(a) A
Certificate(s) into smaller denominations in accordance with the Articles of Association, subject to a minimum Bondholder of Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds who has opted for buyback in a
denomination of one Bond. No fees will be charged for splitting any Consolidated Bond Certificate(s) but, stamp manner as specified in section 10.3.1 above may inform the Company of their intention not to utilize the buyback
duty, if payable, will be paid by the Bondholder. The request to split a Consolidated Bond Certificate shall be facility offered by the Company; or (b) A Bondholder of Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3
accompanied by the original Consolidated Bond Certificate which will, upon issuance of the split Consolidated Bonds who has not opted for buyback in a manner as specified in section 10.3.1 above may inform the Company
Bond Certificates, be cancelled by the Company. 2.2 Face Value: The face value of each Bond is Rs. 5,000. 2.3 of their intention to utilize the buyback facility offered by the Company; 7.3.3 For the avoidance of doubt, the
Title: 2.3.1 In case of: (i) Tranche 3 Bonds held in the dematerialized form, the person for the time being Bondholders may note that no action will be required on their part for the following: (a) In case of Bondholders
appearing in the register of beneficial owners maintained by the Depository; and (ii) the Tranche 3 Bond held in who have opted in the Application Form for the buyback facility and intend to continue with the same; and (b) In
physical form, the person for the time being appearing in the Register of Bondholders (as defined below) as case of Bondholders who have not opted, in the Application Form, for the buyback and intend to continue with
Bondholder, shall be treated for all purposes by the Company, the Debenture Trustee, the Depositories and all the same.7.3.4 The buyback of the Series 1 Tranche 3 Bonds and/or the Series 2 Tranche 3 Bonds from their
other persons dealing with such person as the holder thereof and its absolute owner for all purposes whether or respective Bondholders shall be effected by the Company by payment of the Buyback Amount on the Buyback
not it is overdue and regardless of any notice of ownership, trust or any interest in it or any writing on, theft or Date, subject to the terms set forth herein:(a) Tranche 3 Bonds held in dematerialized form:No action will
loss of the Consolidated Bond Certificate issued in respect of the Tranche 3 Bonds and no person will be liable be required on part of the Bondholder. Upon receiving instructions from the Company, the Registrar would
for so treating the Bondholder. 2.3.2 No transfer of title of a Bond will be valid unless and until entered on the undertake appropriate corporate action to effect the buyback. (b) Tranche 3 Bonds held in physical form: No
Register of Bondholders or the register of beneficial owners maintained by the Depository prior to the Record action would ordinarily be required on part of the Bondholder on the Buyback Date and the Buyback Amount
Date. In the absence of transfer being registered, interest, Buyback Amount and/or Maturity Amount, as the would be paid to those Bondholders whose names appear first in the Register of Bondholders. However, the
case may be, will be paid to the person, whose name appears first in the Register of Bondholders maintained by Company may require the Bondholder to duly surrender the Consolidated Bond Certificate to the Company/
the Depositories and/or the Company and/or the Registrar, as the case may be. In such cases, claims, if any, by Registrar for the buyback 30 Working Days prior to the Buyback Date. 7.3.5 No notice or letter or any other
the purchasers of the Tranche 3 Bonds will need to be settled with the seller of the Tranche 3 Bonds and not with written instrument sent to the Company pursuant to section 7.3.2 above shall be accepted by the Company if it
the Company or the Registrar. The provisions relating to transfer and transmission and other related matters in has been received after the lapse of the Buyback Intimation Period. 7.3.6 Upon payment of the Buyback Amounts
respect of the Company’s shares contained in the Articles of Association of the Company and the Companies on the Buyback Date, the principal amounts of the Tranche 3 Bonds shall be deemed to have been repaid to the
Act shall apply, mutatis mutandis (to the extent applicable) to the Bond(s) as well. 2.4 Listing: The Tranche 3 Bondholders of the Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds and all other rights of the
Bonds will be listed on NSE and BSE. 2.5 Market Lot: 2.5.1 The Tranche 3 Bonds shall be allotted in dematerialised Bondholders shall terminate and no interest shall accrue on such Tranche 3 Bonds. 7.3.7 Subject to the provisions
form and in physical form. The trading of the Tranche 3 Bonds on the Stock Exchanges shall be in dematerialised of the Companies Act, where the Company has bought back any Bond(s), the Company shall have and shall be
form only in multiples of one Bond (“Market Lot”). 2.5.2 For details of allotment refer to chapter entitled “Procedure deemed always to have had the right to keep such Tranche 3 Bonds alive without extinguishment for the
for Application” beginning on page 125 of the Prospectus - Tranche. 2.6 Procedure for Rematerialisation of purpose of resale and in exercising such right, the Company shall have and be deemed always to have had the
Tranche 3 Bonds: Bondholders who have been allotted Tranche 3 Bonds in dematerialized form and wish to power to resell such Tranche 3 Bonds.
hold the Tranche 3 Bonds in physical form may do so by submitting his or her request to his or her Depository 8. Payments: 8.1 Payment of Interest: Payment of interest on the Tranche 3 Bonds will be made to those
Participant in accordance with the applicable procedure stipulated by the Depository Participant. 2.7 Procedure Bondholders, whose name appears first in the Register of Bondholders maintained by the Depositories and/or
for Dematerialisation of Tranche 3 Bonds: Bondholders who have been allotted Tranche 3 Bonds in physical the Company and/or the Registrar, as the case may be as, on the Record Date. 8.2 Record Date: The record
form and wish to hold the Tranche 3 Bonds in dematerialized form may do so by submitting his or her request to date for the payment of interest or the Buyback Amount or the Maturity Amount shall be 3 Working Days prior to
his or her Depository Participant in accordance with the applicable procedure stipulated by the Depository the date on which such amount is due and payable (“Record Date”). 8.3 Effect of holidays on payments: If the
date of payment of interest or principal or any date specified does not fall on a Working Day, then the succeeding
Participant.
3.Transfer of the Tranche 3 Bonds, Issue of Consolidated Bond Certificates etc: 3.1 Register of Working Day will be considered as the effective date. Interest and principal or other amounts, if any, will be paid
Bondholders: The Company shall maintain at its registered office or such other place as permitted by law a on the succeeding Working Day. Payment of interest will be subject to the deduction of tax as per Income Tax
register of Bondholders (the “Register of Bondholders”) containing such particulars as required by Section 152 Act or any statutory modification or re-enactment thereof for the time being in force. In case the Maturity Date
of the Companies Act. In terms of Section 152A of the Companies Act, the Register of Bondholders maintained falls on a holiday, the payment will be made on the next Working Day, without any interest for the period
by a Depository for any Bond in dematerialized form under Section 11 of the Depositories Act shall be deemed overdue. 8.4 Payment on Redemption or Buyback: The manner of payment on Maturity or Buyback on page
to be a Register of Bondholders for this purpose. 3.2 Lock in Period: 3.2.1 No Transfer during Lock-in 116 of the Prospectus - Tranche 3.
Period: In accordance with the Notification, the Bondholders shall not sell or transfer the Tranche 3 Bonds in 9. Manner and Mode of Payment: 9.1 Manner of Payment: All payments to be made by the Company to the
any manner for a period of 5 years from the Deemed Date of Allotment (the “Lock-in Period”). 3.2.2 Transfer Bondholders n page 117 of the Prospectus - Tranche 3. 9.2 Mode of Payment: All payments to be made by the
after Lock-in Period: Transfer after Lock-in Period: (a) The Bondholders may sell or transfer the Tranche 3 Company to the Bondholders shall be made through any of the following modes: 9.2.1 Cheques or Demand
Bonds after the expiry of the Lock-in Period on the stock exchange where the Tranche 3 Bonds are listed. (b) If drafts: 9.2.2 National Electronic Clearing System (“NECS”). Please refer to the section on Manner and
a request for transfer of the Bond is not received by the Registrar before the Record Date for maturity, the Mode of Payment starting on page 117 of the Prospectus - Tranche 3.
Maturity Amount for the Tranche 3 Bonds shall be paid to the person whose name appears as a Bondholder in 10. Taxation : Please refer to the section on Taxation on page 117 of the Prospectus - Tranche 3.
the Register of Bondholders. In such cases, any claims shall be settled inter se between the parties and no 11. Security : 11.1 The principal amount of the Tranche 3 Bonds to be issued upon the terms contained herein
claim or action shall be brought against the Company. 3.3 Transfers: 3.3.1 Transfer of Tranche 3 Bonds held together with all interest, costs, charges, fees, remuneration of Debenture Trustee and expenses payable in
in dematerialized form: In respect of Tranche 3 Bonds held in the dematerialized form, transfers of the Tranche respect thereof (the “Secured Obligations”) shall be secured in favour of the Debenture Trustee in the following
3 Bonds may be effected only through the Depository(ies) where such Tranche 3 Bonds are held, in accordance manner:11.1.1 By way of a first floating pari passu charge over the certain receivables of the Company arising
with the provisions of the Depositories Act, 1996 and/or rules as notified by the Depositories from time to time. out of its: a) investments; and/or b) infrastructure loans; and/or c) current assets, loans and advances, as
The Bondholder shall give delivery instructions containing details of the prospective purchaser’s Depository appearing in the Company’s balance sheet from time to time to the extent of 1.0 times of the outstanding
Participant’s account to his Depository Participant. If a prospective purchaser does not have a Depository Secured Obligations (the “Secured Assets”), provided however that the Secured Assets shall not include the
Participant account, the Bondholder may rematerialize his or her Tranche 3 Bonds and transfer them in a following: (a) any receivables of the Company arising from: (i) any loan or debt granted by the Company to its
manner as specified in section 3.3.2 below. 3.3.2 Transfer of Tranche 3 Bonds in physical form: The Tranche subsidiaries and affiliates present or in the future; or (ii) any investments in equity and / or preference share
3 Bonds may be transferred by way of a duly stamped and executed transfer deed or other suitable instrument capital or investment through any other instrument made by the Company in, its subsidiaries and affiliates
of transfer as may be prescribed by the Company for the registration of transfer of Tranche 3 Bonds. Purchasers whether presently or in the future); and (b) Permitted Liens. “Permitted Liens” for the purpose of the above
of Tranche 3 Bonds are advised to send the Consolidated Bond Certificate to the Company or to such persons means security on government securities or corporate bonds of the Company to secure short term debt of less
as may be notified by the Company from time to time. If a purchaser of the Tranche 3 Bonds in physical form than 365 day duration incurred by the Company under the Collaterized Borrowing and Lending Operations of
intends to hold the Tranche 3 Bonds in dematerialized form, the Tranche 3 Bonds may be dematerialized by the Clearing Corporation of India Limited or under any repo or repurchase facility. 11.1.2 TThe Secured Obligations
purchaser through his or her Depository Participant in accordance with the provisions of the Depositories Act, are also secured by first fixed pari passu charge over immovable property of the Company being flat number
1996 and/or rules as notified by the Depositories from time to time. 3.4 Formalities Free of Charge: Registration 311/312 at 2A, Raheja Classique, New Link Road, Andheri (West), Mumbai – 400053. 11.2 The Company
of a transfer of Tranche 3 Bonds and issuance of new Consolidated Bond Certificates will be effected without agrees to maintain an asset cover of at least 1.0 times of the outstanding amount of Tranche 3 Bonds, at all
charge by or on behalf of the Company, but upon payment (or the giving of such indemnity as the Company may times, till the Tranche 3 Bonds are completely redeemed. In case of reduction of security cover below 1.0 times
require) in respect of any tax or other governmental charges which may be imposed in relation to such transfer, for any reason whatsoever, the Company agrees to make-up the deficiency with equivalent amount of receivables,
free from any charge of whatsoever nature, so as to maintain the minimum asset cover of 1.0 times. 11.3 The
4 INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED
Company has created a floating charge on some receivables as appearing in the balance sheet of the Company,
as security for its existing borrowings (including the existing debentures), the aggregate value of which is at
least equivalent to 1.00 times of the total outstanding borrowings (including the debentures) of the Company.
The Company has secured its existing debentures by way of a charge on immovable property of the Company
being flat number 311/312 at 2A, Raheja Classique, New Link Road, Andheri (West), Mumbai – 400053. The
benefit of such security will be provided to the Bondholders. Since the terms of existing borrowings whether by
way of loans or by way of debentures expressly allow further borrowings by the Company, no pari passu letters
have been exchanged 11.4 The Company shall ensure that the creation of security as contemplated in this
section and all necessary formalities including execution of relevant security documents in relation thereto are
completed within a period of 90 days from the Deemed Date of Allotment of the Tranche 3 Bonds. 11.5 No prior
consent for creation of Security is required from IDBI Trusteeship Services Limited in its capacity as debenture
trustee for the existing debentures of the Company and IDBI Trusteeship Services Limited in its capacity as
security trustee for the existing loans of the Company.
12. Events of Defaults: The Debenture Trustee at its discretion may, or if so requested in writing by the holders
of not less than 75 per cent. in principal amount of the Tranche 3 Bonds then outstanding or if so directed by a
Special Resolution shall (subject to being indemnified and/or secured by the Bondholders to its satisfaction),
give notice to the Company specifying that the Tranche 3 Bonds and/or any particular Series of Tranche 3
Bonds, in whole but not in part are and have become due and repayable at the Early Redemption Amount on
such date as may be specified in such notice inter alia if any of the events listed in the section on Events of
Defaults on page 120 of the Prospectus - Tranche 3.
13. Bondholder’s Rights, Nomination Etc.: 13.1 Bondholder Not a Shareholder: The Bondholders will not
be entitled to any of the rights and privileges available to the equity and preference shareholders of the Company.
13.2 Nomination Facility to Bondholder: 13.2.1I n accordance with Section 109A of the Act, the sole Bondholder
or first Bondholder, along with other joint Bondholders (being individual(s)) may nominate any one person
(being an individual) who, in the event of death of the sole holder or all the joint-holders, as the case may be,
shall become entitled to the Tranche 3 Bond. A person, being a nominee, becoming entitled to the Tranche 3
Bond by reason of the death of the Bondholders, shall be entitled to the same rights to which he will be entitled
if he were the registered holder of the Tranche 3 Bond. Where the nominee is a minor, the Bondholders may
make a nomination to appoint any person to become entitled to the Tranche Bond(s), in the event of his death,
during the minority. 13.2.2 IIn case of allotment of Tranche 3 Bonds in dematerialised mode, there is no need to
make a separate nomination with the Company. Nominations registered with the respective Depository Participant
of the Bondholder will prevail. If the Bondholders require changing their nomination, they are requested to
inform their respective Depository Participant. For more details refer section on Bondholder’s Rights, Nomination
Etc., starting on page 122 of the Prospectus - Tranche 3.
14. Debenture Trustees : 14.1The Bondholders shall, without further act or deed, be deemed to have irrevocably
given their consent to the Debenture Trustee or any of their agents or authorised officials to do all such acts,
deeds, matters and things in respect of or relating to the Tranche 3 Bonds as the Debenture Trustee may in their
absolute discretion deem necessary or require to be done in the interest of the Bondholders. 14.2 The Debenture
Trustee will protect the interest of the Bondholders in the event of default by the Company in regard to timely
payment of interest and repayment of principal and they will take necessary action at the Company’s cost.
15. Miscellaneous: 15.1 Loan against Tranche 3 Bonds: The Tranche 3 Bonds cannot be pledged or
hypothecated during the Lock-in Period. The Tranche 3 Bonds may be pledged or hypothecated or subject to
lien for obtaining loans from scheduled commercial banks, after the Lock-in Period. 15.2 Lien, 15.3 Lien on
Pledge of Tranche 3 Bonds, 15.4 Right to Reissue Tranche 3 Bond(s), 15.5 Joint-holders, 15.6 Sharing of
Information, 15.7 Notices, 15.8 Issue of Duplicate Consolidated Bond Certificate(s), 15.9 Future
Borrowings, 15.10 Jurisdiction. For section of Miscellaneous please refer to the page 123 of the Prospectus
- Tranche 3.
PROCEDURE FOR APPLICATION: This section applies to all Applicants. Please note that all Applicants are
required to make payment of the full Application Amount along with the Application Form. The Prospectus Tranche 3 and the Application Forms together with the abridged prospectus may be obtained from our Corporate
Office, from the Lead Managers or from the Lead Brokers. In addition, Application Forms would also be made
available to NSE and BSE where listing of the Tranche 3 Bonds is sought, and to brokers, being members of
NSE and BSE, upon their request.
16. Application Form: Applicants are required to submit their Applications through the Bankers to Issue.
17. WHO CAN APPLY? : The following categories of persons are eligible to apply in the Issue: Indian nationals
resident in India, who are not minors, in single or joint names (not more than three); and Hindu Undivided
Families or HUFs, in the individual name of the Karta. The Applicant should specify that the Application is being
made in the name of the HUF in the Application Form as follows: “Name of Sole or First Applicant: XYZ Hindu
Undivided Family applying through XYZ, where XYZ is the name of the Karta”. Applications by HUFs would be
considered at par with those from individuals. Please note that non-resident investors including NRIs, FIIs
and OCBs are not eligible to participate in the Issue.
18. Application Size: Applications are required to be for a minimum of two Tranche 3 Bonds and multiples of
one Tranche 3 Bonds thereafter. For the purpose fulfilling the requirement of minimum subscription of two
Tranche 3 Bonds, an Applicant may choose to apply for two Tranche 3 Bonds of the same series or two Tranche
3 Bonds across different series.
19. INSTRUCTIONS FOR COMPLETING THE APPLICATION FORM: Applications must be: (a) Made only in
the prescribed Application Form. (b) Completed in block letters in English as per the instructions contained
herein and in the Application Form, and are liable to be rejected if not so completed. Applicants should note that
the Bankers to the Issue will not be liable for errors in data entry due to incomplete or illegible Application Forms.
(c) In single name or in joint names (not more than three, and in the same order as their Depository Participant
details). (d) Applications are required to be for a minimum of two Tranche 3 Bonds and in multiples of one Bond
thereafter. For the purpose fulfilling the requirement of minimum subscription of two Tranche 3 Bonds, an Applicant
may choose to apply for two Tranche 3 Bonds of the same series or two Tranche 3 Bonds across different
series. The Application without the minimum specified lot shall be rejected by the Company.(e) Thumb impressions
and signatures other than in English/ Hindi/ Marathi or any of the other languages specified in the Eighth
Schedule to the Constitution of India must be attested by a Magistrate or Notary Public or a Special Executive
Magistrate under his official seal. (f) No receipt would be issued by the Company for the Application money.
However, the Bankers to the Issue, on receiving the applications will acknowledge receipt by stamping and
returning the acknowledgment slip to the Applicant. IN CASE OF THE APPLICATION FORMS FOR
SUBSCRIPTION OF BONDS IN DEMATERIALISED FORM, IF THE DP ID, CLIENT ID AND PAN MENTIONED
IN THE APPLICATION FORM DO NOT MATCH WITH THE DP ID, CLIENT ID AND PAN AVAILABLE IN THE
RECORDS WITH THE DEPOSITORIES, THE APPLICATION FORM IS LIABLE TO BE REJECTED. The demat
accounts for Applicants for which PAN details have not been verified shall be “suspended for credit”
and no credit of Tranche 3 Bonds pursuant to the Issue shall be made into accounts of such Applicants.
GENERAL INSTRUCTIONS
20. Do’s: 1. Check if you are eligible to apply. 2. In case of applications in physical form, the Applicant should
provider all the documents as specified in the section titled “Bonds in Physical Form” at page 130 of the Prospectus
- Traches 3 below. 3. Read all the instructions carefully and complete the Application Form in all respects by
providing all the information including PAN and demographic details. 4. Applications are required to be in single
or joint names (not more than three). 5. Ensure that the details about the Depository Participant and beneficiary
account are correct and the demat account is active for Allotment of the Tranche 3 Bonds in dematerialised
form. The requirement for providing Depository Participant details shall be mandatory only for Applicants who
wish to subscribe to the Tranche 3 Bonds in dematerialized form. Any Applicant who provides the Depository
Participant details in the Application Form shall be Allotted the Tranche 3 Bonds in the dematerialized form only.
Such Applicant shall not be Allotted the Tranche 3 Bonds in physical form. 6. In case of an HUF applying through
its Karta, the Applicant is required to specify the name of an Applicant in the Application Form as “XYZ Hindu
Undivided Family applying through PQR”, where PQR is the name of the Karta. 7. Applicant’s Bank Account
Details: The Tranche 3 Bonds shall be allotted in dematerialised form or in physical form. The Registrars to the
Issue will obtain the Applicant’s bank account details from the Depository in case of allotment in dematerialized
form or from the Application Form in case of allotment in physical form. The Applicant should note that in case of
allotment in dematerialized form, on the basis of the name of the Applicant, Depository Participant’s (DP) name,
Depository Participants identification number and beneficiary account number provided by them in the Application
Form, the Registrar to the Issue will obtain from the Applicant’s DP A/c, the Applicant’s bank account details. The
Applicants are advised to ensure that bank account details are updated in their respective DP A/cs or the correct
as these bank account details would be printed on the refund order(s), if any. The Applicants desirous of subscribing
to the Tranche 3 Bonds in physical form should ensure that they have provided the correct bank account details
in the Application Form, into which the amounts pertaining to refunds, interest and redemption, as applicable,
should be credited as these bank account details would be printed on the refund order(s), if any. Please note
that failure to do so could result in delays in credit of refunds to Applicants at the Applicants sole risk and neither
the Lead Managers nor our Company nor the Refund Bank nor the Registrar shall have any responsibility and
undertake any liability for the same. 8. Applications under Power of Attorney: Unless the Company specifically
●
●
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF
agree in writing, and subject to such terms and conditions as the Company may deem fit, in the case of Applications stockinvest/money orders/ postal orders will not be accepted.
made under Power of Attorney, a certified copy of the Power of Attorney is required to be lodged separately, 25. Submission of Application Forms: All Application Forms duly completed and accompanied by account
along with a copy of the Application Form at the office of the Registrar to the Issue simultaneously with the payee cheques or drafts shall be submitted to the Bankers to the Issue during the Issue Period. No separate
submission of the Application Form, indicating the name of the Applicant along with the address, Application receipts shall be issued for the money payable on the submission of Application Form. However, the collection
number, date of submission of the Application Form, name of the bank and branch where it was deposited, centre of the Bankers to the Issue will acknowledge the receipt of the Application Forms by stamping and
Cheque/Demand Number and the bank and branch on which the Cheque/Demand was drawn. 9. Permanent returning to the Applicants the acknowledgement slip. This acknowledgement slip will serve as the duplicate of
Account Number: All Applicants should mention their PAN allotted under the Income Tax Act in the Application the Application Form for the records of the Applicant.
Form. In case of joint applicants the PAN of the first Applicant should be provided and for HUFs, PAN of the HUF 26. Online Applications: The Company may decide to offer an online Application facility for the Tranche 3
should be provided. The PAN would be the sole identification number for participants transacting in the securities Bonds, as and when permitted by Applicable Laws, subject to the terms and conditions prescribed.
markets, irrespective of the amount of the transaction. Any Application Form without the PAN is liable to be 27. Tranche 3 Bonds in dematerialised form with NSDL or CDSL: The Allotment of Tranche 3 Bonds in this
rejected. It is to be specifically noted that Applicants should not submit the GIR Number instead of the PAN as Issue shall also be in de-materialised form, (i.e., be fungible and be represented by the statement issued
the Application is liable to be rejected on this ground. 10. In case of Application Forms for subscription of through the electronic mode). As per the provisions of the Depositories Act, the Tranche 3 Bonds can be held in
Tranche 3 Bonds in physical form, ensure that along with the Application Form you have provided all the requisite a dematerialised form, i.e., they shall be fungible and be represented by a statement issued through electronic
documents, as more particularly detailed in section entitled “Bonds in Physical Form” on page 130 of the Prospectus mode. Please refer on page 129 of the Prospectus - Tranche 3 of more information.
- Tranche 3. 11. Joint Applications: Applications may be made in single or joint names (not exceeding three). In 28. Bonds in Physical Form: The Company through its letter dated October 6, 2010 informed SEBI that it
the case of joint Applications, all payments will be made out in favour of the first Applicant. All communications proposes to issue the Bonds in physical form to such investors who wish to subscribe in physical form. SEBI
will be addressed to the first named Applicant whose name appears in the Application Form at the address through its letter dated October 8, 2010 (the “SEBI Letter”) inter alia stated that it is advised that the issuer shall
mentioned therein. 12. Applicants are requested to write their names and Application serial number on the make the public issue in dematerialised form. The SEBI Letter further stated that the Applicant(s) who wish to
reverse of the instruments by which the payments are made. 13. Category: All Applicants are requested to tick subscribe to, or hold, the Bonds in physical form can do so in terms of Section 8(1) of the Depositories Act, 1996
the relevant column “Category of Investor” in the Application Form. 14. Ensure that you have specified the series and the Company is obligated to fulfill such request of the Applicant(s). Accordingly, any Applicant who wishes to
of the Tranche 3 Bonds that you wish to subscribe to. The Application Forms which do not indicate the series for subscribe to the Tranche 3 Bonds in physical form shall undertake the steps as specified in this Prospectus –
which the Applicant has applied shall be Allotted Series 1 Tranche 3 Bonds. 15. Ensure that the appropriate box Tranche 3. Any Applicant who wishes to subscribe to the Tranche 3 Bonds in physical form shall provide the
with respect to the buyback facility is duly ticked. 16. Ensure that the Applications are submitted to the Bankers following documents: (a) Self-attested copy of the PAN card; (b) Self-attested copy of the proof of residence.
to the Issue or collection centre(s)/ agents as may be specified before Issue Closing Date; 17. In case of Any of the following documents shall be considered as a verifiable proof of residence: ration card issued by the
Application Forms for subscription of Tranche 3 Bonds in dematerialised form, ensure that the name(s) given in Government of India; or valid driving license issued by any transport authority of the Republic of India; or
the Application Form is exactly the same as the name(s) in which the beneficiary account is held with the electricity bill (not older than 3 months); or landline telephone bill (not older than 3 months); or valid passport
Depository Participant. In case the Application Form is submitted in joint names, ensure that the beneficiary issued by the Government of India; or Voter’s Identity Card issued by the Government of India; or passbook
account is also held in same joint names and such names are in the same sequence in which they appear in the or latest bank statement issued by a bank operating in India; or leave and license agreement or agreement for
Application Form.
sale or rent agreement or flat maintenance bill; or a letter from a recognized public authority or public servant
Don’ts: 1. Do not make an application for lower than the minimum Application size. 2. Do not pay the Application verifying the identity and residence of the Applicant. (c) Details of the bank account in the Application Form to
Amount in cash, by money order or by postal order or by stockinvest. 3. Do not send Application Forms by post; which the amounts pertaining to payment of refunds, interest and redemption, as applicable, should be credited.
instead submit the same to a Banker to the Issue only. 4. Do not submit the GIR number instead of the PAN as The Applicant shall be responsible for providing the above information accurately. Delays or failure in credit of
the Application Form is liable to be rejected on this ground. 5. Do not submit the Application Forms without the the payments due to inaccurate details shall be at the sole risk of the Applicants and neither the Lead Managers
full Application Amount. 6. Do not provide the Depository Participant details in the Application Forms for subscription nor the Company shall have any responsibility and undertake any liability for the same. The Applications, of the
of Tranche 3 Bonds in physical form. For further instructions, please read the Application Form carefully.
Applicants who wish to subscribe for the Tranche 3 Bonds in physical form, which are not accompanied with the
21. Tax Deduction at Source: For more details please refer on page 128 of the Prospectus - Tranche 3.
aforestated documents may be rejected at the sole discretion of the Company. In case of Tranche 3 Bonds that
22. Multiple and Partial Applications: For more details please refer on page 128 of the Prospectus - Tranche 3. are issued in physical form, the Company will issue one certificate to the Bondholder for the aggregate amount
PAYMENT INSTRUCTIONS
of the Tranche 3 Bonds that are allotted (each such certificate a “Consolidated Bond Certificate”). The Company
23. Escrow Mechanism : For more details please refer to the section on Payment Instructions on page 128 of shall dispatch the Consolidated Bond Certificate to the address of the Applicant provided in the Application Form
the Prospectus - Tranche 3.
within two (2) Working Days from the date of Allotment of the Tranche 3 Bonds. PLEASE NOTE THAT, SUBJECT
24. Payment into Escrow Account: Each Applicant shall draw a cheque or demand draft or remit the funds TO THE LOCK-IN PERIOD, TRADING OF BONDS ON THE STOCK EXCHANGES SHALL BE IN
electronically through the RTGS mechanism for the Application Amount as per the following terms: (a) All Applicants DEMATERIALISED FORM ONLY IN MULTIPLE OF ONE BOND.
would be required to pay the full Application Amount at the time of the submission of the Application Form.(b) 29. Communications: All future communications in connection with Applications made in the Issue should be
The Applicants shall, with the submission of the Application Form, draw a payment instrument for the Application addressed to the Registrar to the Issue, quoting all relevant details regarding the Applicant/Application. Applicants
Amount in favour of the Escrow Account and submit the same to Bankers to the Issue. If the payment is not may address our Compliance Officer as well as the contact persons of the Lead Managers and the Registrar to
made favouring the Escrow Account along with the Application Form, the Application shall be rejected. (c) The the Issue in case of any pre-Issue related problems such as non-receipt of letters of Allotment/credit of Tranche
payment instruments for payment into the Escrow Account should be drawn in favour of “IDFC Infra Bonds – 3 Bonds in the Depositary’s beneficiary account/refund orders, etc.
Tranche 3”. (d)The monies deposited in the Escrow Account will be held for the benefit of the Applicants until 30. Rejection of Applications: The Company reserves its full, unqualified and absolute right to accept or reject
the Designated Date. (e) On the Designated Date, the Escrow Collection Banks shall transfer the funds from the any Application in whole or in part and in either case without assigning any reason thereof. In case of Applications
Escrow Account as per the terms of the Escrow Agreement into the Public Issue Account with the Bankers to the where the Application Form has not been duly completed, the Company reserves the sole right at its absolute
Issue. The Escrow Collection Bank shall also transfer all amounts payable to Applicants whose Applications discretion to reject the Application Form. Application would be liable to be rejected on one or more technical
have been rejected by the Company to the Refund Account with the Refund Bank. The Refund Bank shall grounds, including but not restricted to: Number of Tranche 3 Bonds applied for is less than the minimum
refund all the amounts to the Applicants in terms of the Escrow Agreement. (f) Payments should be made by Application size; Applications not duly signed by the sole/joint Applicants; Application amount paid not tallying
cheque, or a demand draft drawn on any bank (including a Co-operative bank), which is situated at, and is a with the number of Tranche 3 Bonds applied for; Applications for a number of Tranche 3 Bonds which is not in
member of or sub-member of the bankers’ clearing house located at the centre where the Application Form is a multiple of one; Investor category not ticked; Bank account details not given; Applications by persons not
submitted. Outstation cheques/bank drafts drawn on banks not participating in the clearing process will not be competent to contract under the Indian Contract Act, 1872, as amended, including a minor without a guardian
accepted and applications accompanied by such cheques or bank drafts are liable to be rejected. (g) Cash/ name; In case of Applications under Power of Attorney where relevant documents not submitted; Application
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
●
THE PROSPECTUS - TRANCHE 3
by stockinvest; Applications accompanied by cash; Applications without PAN; and DP ID, Client ID and PAN
mentioned in the Application Form do not match with the DP ID, Client ID and PAN available in the records with
the depositories.The collecting bank shall not be responsible for rejection of the Application on any of the
technical grounds mentioned above. Application form received after the closure of the Issue shall be rejected.
In the event, if any Bond(s) applied for is/are not allotted, the Application monies of such Tranche 3 Bonds will be
refunded, as may be permitted under the provisions of applicable laws.
31. Basis of Allotment : The Company shall finalise the Basis of Allotment in consultation with the Designated
Stock Exchange. The executive director (or any other senior official) of the Designated Stock Exchange along
with the Lead Managers and the Registrar shall be responsible for ensuring that the Basis of Allotment is
finalised in a fair and proper manner. Subject to the provisions contained in the Prospectus - Tranche 3, the
Articles of Association of the Company and the approval of the Designated Stock Exchange, the Board will
proceed to Allot the Tranche 3 Bonds under the Prospectus – Tranche 3 as per section on Basis of Allotment on
page 132 of the Prospectus - Tranche 3.
32. Letters of Allotment/ Refund Orders: The Company reserves, in its absolute and unqualified discretion
and without assigning any reason thereof, the right to reject any Application in whole or in part. The unutilised
portion of the Application money will be refunded to the Applicant by an account payee cheque/demand draft. In
case the cheque payable at par facility is not available, we reserve the right to adopt any other suitable mode of
payment. The Company shall credit the allotted Bond to the respective beneficiary accounts/dispatch the Letter(s)
of Allotment or Letter(s) of Regret/ Refund Orders in excess of Rs. 1,500, as the case may be, by registered post
at the Applicant’s sole risk, within 10 weeks from the date of closure of the Issue. Refund Orders up to Rs. 1,500
will be sent under certificate of posting. Further, (a) Allotment of the Tranche 3 Bonds shall be made within 30
days of the Issue Closing Date; (b) credit to dematerialised accounts or dispatch of the Consolidated Bond
Certificate, as applicable, will be made within two Working Days from the date of Allotment; (c) the Company
shall pay interest at 15% per annum if the Allotment has not been made and/ or the Refund Orders have not
been dispatched to the Applicants within 30 days from the date of the closure of the Issue, for any delay beyond
30 days. The Company will provide adequate funds to the Registrar to the Issue, for this purpose.
33. Filing of the Prospectus - Tranche 3 with the ROC: A copy of the Prospectus - Tranche 3 shall be filed with
the Registrar of Companies, Tamil Nadu in terms of Sections 56 and 60 of the Companies Act.
34. Pre-Issue Advertisement: Subject to Section 66 of the Companies Act, the Company shall, on or before
the Issue Opening Date, publish a pre-Issue advertisement, in the form prescribed by the SEBI Debt Regulations,
in one national daily newspaper with wide circulation.
35. IMPERSONATION: Attention of the Applicants is specifically drawn to the provisions of sub-section
(1) of Section 68 A of the Companies Act, which is reproduced below: “Any person who: (a) makes in a
fictitious name, an application to a company for acquiring or subscribing for, any shares therein, or (b)
otherwise induces a company to allot, or register any transfer of shares, therein to him, or any other
person in a fictitious name, shall be punishable with imprisonment for a term which may extend to five
years.”
36. Issue of Letter of Allotment: Letter(s) of Allotment will be dispatched at the sole risk of the Applicant,
through registered post, within 10 weeks from the date of closure of the Issue, or such extended time as may be
permitted under Applicable Laws.
37. Utilisation of Application Money: The sums received in respect of the Issue will be kept in the Escrow
Account and we will have access to such funds after creation of security for the Tranche 3 Bonds as disclosed in
the Prospectus - Tranche 3.
38. Undertaking by the Issuer: The Company undertakes that: (a) the complaints received in respect of the
Issue shall be attended to by the Company expeditiously and satisfactorily; (b) the Company shall take
necessary steps for the purpose of getting the Tranche 3 Bonds listed in the concerned stock exchange(s)
within the specified time; (c) the funds required for dispatch of refund orders/Allotment letters/certificates by
registered post shall be made available to the Registrar to the Issue by the Company; (d) necessary cooperation
to the credit rating agency(ies) shall be extended in providing true and adequate information till the debt obligations
in respect of the Tranche 3 Bonds are outstanding; (e) the Company shall forward the details of utilisation of the
funds raised through the Tranche 3 Bonds duly certified by its statutory auditors, to the Debenture Trustee at the
end of each half year; (f) the Company shall disclose the complete name and address of the Debenture Trustee
in its annual report; (g) the Company shall provide a compliance certificate to the Debenture Trustee (on yearly
basis) in respect of compliance with the terms and conditions of issue of Tranche 3 Bonds as contained in the
Prospectus - Tranche 3.
FOR FURTHER DETAILS, PLEASE REFER TO THE PROSPECTUS - TRANCHE 3
●
●
●
ISSUE MANAGEMENT TEAM
LEAD MANAGERS TO THE ISSUE
REGISTRAR TO THE ISSUE
KARVY COMPUTERSHARE PRIVATE LIMITED
JM FINANCIAL CONSULTANTS PRIVATE LIMITED ICICI SECURITIES LIMITED
KARVY INVESTOR SERVICES LIMITED
IDFC CAPITAL LIMITED*
ENAM SECURITIES PRIVATE LIMITED
Plot no. 17-24,
141 Maker Chambers III,
2nd Floor, Regent Chambers,
ICICI Centre
Naman Chambers, C-32
801/ 802, Dalamal Towers
Vithalrao Nagar
Nariman Point,
Nariman Point,
H.T. Parekh Marg, Churchgate
G-Block, Bandra- Kurla Complex
Nariman Point
Madhapur,
Mumbai - 400021
Mumbai - 400 021
Mumbai 400 020
Bandra (East), Mumbai 400 051
Mumbai 400 021, India
Hyderabad 500 081
Tel: (91 22) 6630 3050
Tel: (91 22) 2289 5000
Tel: (91 22) 2288 2460
Tel: (91 22) 6622 2600
Tel: (91 22) 6638 1800
Tel: (91 40) 2342 0815 - 28
Fax: (91 22) 2204 7185
Fax: (91 22) 3020 4040
Fax: (91 22) 2282 6580
Fax: (91 22) 6622 2501
Fax: (91 22) 2284 6824
Fax: (91 40) 2343 1551
Email: idfcbondissue3@jmfinancial.in
Email: idfcinfrabonds3@karvy.com
Email: idfcbonds@icicisecurities.com
E-mail: idfc.publicissue@idfc.com
E-mail: idfcbonds@enam.com
Investor Grievance Email: grievance.ibd@jmfinancial.in Investor Grievance Email: customercare@icicisecurities.com Investor Grievance Email: complaints@enam.com Investor Grievance Email: idfcinfrabonds3@karvy.com Investor Grievance Email: complaints@idfc.com Email: idfc3_infra@karvy.com
Investor Grievance Email:idfc3_infra@karvy.com
Website: www.jmfinancial.in
Website: www.karvy.com
Website: www.icicisecurities.com
Website: www.idfccapital.com
Website: www.enam.com
Website: http:/karisma.karvy.com
Contact Person: Ms. Lakshmi Lakshmanan
Compliance Officer: Mr. Rajnish Rangari
Contact Person: Mr. Sumit Agarwal / Mr. Vishal Kanjani
Compliance Officer: Pritesh Dedhia
Compliance Officer: M. Natarajan
Contact Person: M. Murali Krishna
Compliance Officer:Mr. Chintal Sakaria
Contact Person: Ms. Menka Jha
Compliance Officer: Mr. Subir Saha
Contact Person: Cyril Paul
Contact Person: Sonal Sinha
SEBI Registration No.: INR000000221
SEBI Registration No.: INM000010361
SEBI Registration No.: INM000008365
SEBI Registration No.: INM000011179
SEBI Reg. No.: INM000011336
SEBI Reg. No.: INM000006856
*
IDFC Capital Limited, which is a subsidiary of the Company, shall only be involved in marketing of the Issue.
COMPLIANCE OFFICER : Mahendra N. Shah, Company Secretary, Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, Tel: (91 22) 4222 2000, Fax: (91 22) 2654 0354, Email: infrabond3@idfc.com
Investors may contact the Registrar to the Issue or the Compliance Officer in case of any pre-issue or post Issue related issues such as non-receipt of letters of allotment, demat credit or refund orders.
DEBENTURE TRUSTEE : IDBI Trusteeship Services Limited, Asian Building, Ground Floor, 17. R. Kamani Marg, Ballard Estate, Mumbai 400 001, Tel: (91 22) 4080 7022/ (91 22) 4080 7000, Fax: (91 22) 6631 1776, E-mail: itsl@idbitrustee.co.in / srikkanth.s@idbitrustee.co.in/brindha@ idbitrustee.co.in, Contact Person:
Mr. Srikkanth S./Ms. Brindha V., SEBI Reg. No.: IND00000460
All the rights and remedies of the Bondholders under this Issue shall vest in and shall be exercised by the appointed Debenture Trustee for this Issue without having it referred to the Bondholders, subject to the terms of the Debenture Trust Deed. All investors under this Issue are deemed to have irrevocably given their authority and consent
to the Debenture Trustee so appointed by the Company for this Issue to act as their trustee and for doing such acts and signing such documents to carry out their duty in such capacity. Any payment by the Company to the Bondholders / Debenture Trustee, as the case may be, shall, from the time of making such payment, completely and
irrevocably discharge the Company pro tanto from any liability to the Bondholders. For details on the terms of the Debenture Trust Deed, please refer to the section entitled “Terms of the Issue” on page 109 of the Prospectus - Tranche 3.
STATUTORY AUDITOR : Deloitte Haskins & Sells, Chartered Accountants, 12, Dr. Annie Besant Road, Opposite Shiv Sagar Estate, Worli, Mumbai 400 018, Tel: (91 22) 6667 9000, Fax: (91 22) 6667 9100,
CREDIT RATING AGENCY: ICRA Limited, Electric Mansion, 3rd Floor, Appasaheb Marathe Marg, Prabhadevi, Mumbai 400 025, Tel: (91 22) 3047 0000, Fax: (91 22) 2433 1390, Email: karthiks@icraindia.com, Website: www.icra.in, Contact Person: Karthik Srinivasan; Fitch Ratings India Private Limited, Apeejay House,
6th Floor, 3 Dinshaw Vachha Road, Churchgate, Mumbai 400 020, Tel: (91 22) 4000 1700, Fax: (91 22) 4000 1701, Email: rajesh.patel@fitchratings.com, Website: www.fitchratings.com, Contact Person: Rajesh Patel
LEGAL ADVISOR TO THE ISSUE : Amarchand & Mangaldas & Suresh A. Shroff & Co., Peninsula Chambers, Peninsula Corporate Park, Ganpatrao Kadam Marg, Lower Parel, Mumbai 400 013, Tel: (91 22) 2496 4455, Fax: (91 22) 2496 3666
BANKERS TO THE ISSUE: Axis Bank Limited, Fortune 2000, Ground Floor, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, Tel: (91 22) 6148 3111, 09167002303, Fax: (91 22) 3062 0069, Email:muneeb.tungekar@axisbank.com, Website: www.axisbank.com, Contact Person: Mr. Muneeb Tungekar, SEBI Reg
No.: INBI00000017; 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: (91 22) 3075 2928, Fax: (91 22) 2479 9801, Email: deepak.rane@hdfcbank.com, Website: www.hdfcbank.com, Contact Person: Deepak Rane, SEBI
Reg No.: NBI00000063; ICICI Bank Limited, Capital Markets Division, 30, Mumbai Samachar Marg, Mumbai 400 001, Tel: (91 22) 6631 0322 /11, Fax: (91 22) 6631 0350/22611138, Email:viral.bharani@icicibank.com, Website:www.icicibank.com, Contact Person: Viral Bharani, SEBI Reg No.: INBI00000004; IDBI Bank Limited, Unit No.2,
Corporate Park, Near Swastik Chambers, Sion-Trombay Road, Chembur, Mumbai 400 071, Tel: (91 22) 66908402, Fax: (91 22) 66908424, Email : ipoteam@idbi.co.in, Website: www.idbibank.com, Contact Person: M N Kamat, SEBI Reg. No. : INBI00000076; Dhanalakshmi Bank Limited, Janmabhoomi Bhavan, Janmabhoomi Marg,
Mumbai 400 001, Tel: (91 22) 22022535 / 61541857, Fax: (91 22) 22871637 / 61541725, Email: venkataraghavan.ta@ dhanbank.co.in, Website: www.dhanbank.com, Contact Person: Venkataraghavan T. A. , SEBI Reg. No.: INBI00000025; IndusInd Bank Limited, Sonawalla Building, 57, Mumbai Samachar Marg, Fort, Mumbai 400
001, Tel: (91 22) 6636 6589/91/92, Fax: (91 22) 6636 6590, Email: yogesh.adke@indusind.com, amit.talwar@indusind.com, Website: www.indusind.com, Contact Person: Yogesh Adke/ Amit Talwar , SEBI Reg. No.: INBI0000002; ING Vysya Bank Limited, 8th floor, Plot No. C -12, G Block, Bandra Kurla Complex, Bandra (East), Mumbai
400 051, Tel: (91 22) 33095868 / 9820385016, Fax: (91 22) 26522812, Email: amit.kavale@ingvysyabank.com, Website: www.ingvysyabank.com, Contact Person: Mr. Amit Kavale, SEBI Reg. No.: INBI00000022
RISK FACTORS
You should carefully consider all the information in this Prospectus - Tranche 3, including the risks and uncertainties
described below, and in the sections entitled “Our Business” on page 64 as well as the financial statements contained
in this Prospectus - Tranche 3, before making an investment in the Tranche 3 Bonds. The risks and uncertainties
described in this section are not the only risks that we currently face. Additional risks and uncertainties not known to
us or that we currently believe to be immaterial may also have an adverse effect on our business, results of operations
and financial condition. If any of the following or any other risks actually occur, our business, prospects, results of
operations and financial condition could be adversely affected and the price of, and the value of your investment in,
the Tranche 3 Bonds could decline and you may lose all or part of your investment. The financial and other related
implications of risks concerned, wherever quantifiable, have been disclosed in the risk factors mentioned below.
However, there are certain risk factors where the effect is not quantifiable and hence has not been disclosed in such
risk factors. The numbering of risk factors has been done to facilitate the ease of reading and reference, and does not
in any manner indicate the importance of one risk factor over another. You should not invest in this Issue unless you
are prepared to accept the risk of losing all or part of your investment, and you should consult your tax, financial and
legal advisors about the particular consequences to you of an investment in the Tranche 3 Bonds. Unless otherwise
stated, our financial information used in this section is derived from our audited consolidated financial statements
under Indian GAAP.
RISKS RELATING TO OUR BUSINESS
1. Infrastructure financing carries certain risks which, to the extent they materialize, could adversely affect
our business and result in our loans and investments declining in value.: Our business consists primarily of
project finance, principal investments, asset management, financial markets and investment banking and advisory
services, principally relating to the infrastructure sector in India. Infrastructure financing is characterized by projectspecific risks as well as general risks. These risks are generally beyond our control, and include: political, regulatory
and legal actions that may adversely affect project viability; interruption or disruption in domestic or international
financial markets, whether for equity or debt funds; changes in our credit ratings;
changes in government and regulatory policies; delays in implementation of government plans and policies;
delays in obtaining regulatory approvals for, and the construction and operation of, projects; adverse changes in
market demand or prices for the products or services that the project, when completed, is expected to provide; the
unwillingness or inability of consumers to pay for infrastructure services; shortages of, or adverse price developments
for, raw materials and key inputs such as metals, cement, steel, oil and natural gas; unavailability of financing at
●
●
●
●
●
●
●
●
●
●
favourable terms, or at all; potential defaults under financing arrangements with our lenders and investors; potential
defaults under financing arrangements with our borrowers or the failure of third parties to perform their contractual
obligations; emergence of strong or large competitors eligible for benefits that we are not eligible for; adverse
developments in the overall economic environment in India; adverse liquidity, interest rate or currency exchange
rate fluctuations or changes in financial or tax regulations; and economic, political and social instability or occurrences
such as natural disasters, armed conflict and terrorist attacks, particularly where projects are located or in the markets
they are intended to serve. To the extent these or other risks relating to our activities in the infrastructure sector
materialize, the quality of our asset portfolio and our business, prospects, results of operations and financial condition
could be adversely affected.
2. The private infrastructure development industry in India is still at a relatively early stage of development
and is linked to the continued growth of the Indian economy, the sectors on which we focus, and stable and
experienced regulatory regimes.: Although infrastructure is a rapidly growing sector in India, we believe that the
further development of India’s infrastructure is dependent upon the formulation and effective implementation of
programs and policies that facilitate and encourage private sector investment in infrastructure. Many of these programs
●
●
●
●
●
●
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED
5
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3
and policies are evolving and their success will depend on whether they are designed to properly address the issues
faced and are effectively implemented. Additionally, these programs will need continued support from stable and
experienced regulatory regimes that not only stimulate and encourage the continued movement of private capital
into infrastructure development, but also lead to increased competition, appropriate allocation of risk, transparency,
effective dispute resolution and more efficient and cost-effective services to the end consumer. The availability of
private capital and the continued growth of the infrastructure development industry in India are also linked to continued
growth of the Indian economy. Many specific factors within each industry sector may also influence the success of the
projects within those sectors, including changes in policies, regulatory frameworks and market structures. Any sudden
and adverse change in the policies relating to sectors, in which we intend to invest, may leave us with unutilized
capital and interest and debt obligations to fulfil. While there has been progress in sectors such as energy, transportation
and telecommunications and information technology, other sectors such as the commercial and industrial infrastructure
sector and tourism have not progressed to the same degree. Further, since infrastructure services in India have
historically been provided by the central and state governments without charge or at a low charge to consumers, the
growth of the infrastructure industry will be affected by consumers’ income levels and the extent to which they would
be willing to pay or can be induced to pay for infrastructure services. This would depend, to a large extent, on the
quality of services provided to consumers. If the quality of infrastructure services provided to consumers, over which
we have no control, are not as desired, income from infrastructure services would decline. This would lead to a
decrease in demand for infrastructure financing, which in turn could adversely affect our business and operations. If
the central and state governments’ initiatives and regulations in the infrastructure industry do not proceed in the
desired direction, or if there is any downturn in the macroeconomic environment in India or in specific sectors, our
business, prospects, results of operations and financial condition could be adversely affected.
3. As part of our growth strategy, we have diversified our business operations to increase the emphasis on
fee-based revenue streams such as asset management, financial markets, and investment banking and
advisory services. Our diversification led growth initiatives are susceptible to various risks that may limit
our growth and diversification.: Our business strategy involves substantial expansion of our current business
lines, as well as diversification into new business areas. Our aim is to preserve our market position as an infrastructure
lender of choice and to also increase the non-interest and fee-earning aspects of our business. Our growth initiatives
carry execution risks, and factors that may limit the success of our growth and diversification include: significant
demands on our management as well as our financial, accounting and operating resources. As we grow and diversify,
we may not be able to implement our business strategies effectively and our new initiatives could divert management
resources from areas in which they could be otherwise better utilized; our inability to identify suitable projects in the
future, particularly for our principal investments, private equity, project equity and infrastructure development businesses.
our limited experience in these new businesses, which may prevent us from competing effectively with established
and new competitors in these areas. We will face significant competition from commercial banks, investment banks,
private equity and venture capital firms and established infrastructure developers. As we seek to diversify our business
operations, we will face the risk that some of our competitors may be more experienced in or have a deeper
understanding of these businesses or have better relationships with potential clients; and diversified business
operations may make forecasting revenue and operating results difficult, which impairs our ability to manage businesses
and shareholders’ ability to assess our prospects. If we are unable to overcome these obstacles and are unsuccessful
in executing our diversification and growth strategy, our business, prospects, results of operations and financial
condition could be adversely affected.Further, on June 23, 2010, the RBI classified our Company as an Infrastructure
Finance Company, or IFC. In order to maintain such status, we are required to keep a minimum percentage of total
assets continuously deployed in infrastructure loans. This may restrain us from diversifying in and developing other
business segments.
4. If we are unable to manage our rapid growth effectively, our business, prospects, results of operations
and financial condition could be adversely affected.: Our business has grown rapidly since we began operations
in 1997. From fiscal 2008 to fiscal 2010, our balance sheet, total income and profit after tax on a consolidated basis
increased at a compounded annual growth rate of 9.5 per cent., 20.3 per cent. and 19.6 per cent., respectively. We
intend to continue to grow our business rapidly, which could place significant demands on our operational, credit,
financial and other internal risk controls. Our growth may also exert pressure on the adequacy of our capitalization,
making management of asset quality increasingly important. Our asset growth will be primarily funded by the issuance
of new debt and occasionally, new equity. We may have difficulty obtaining funding on suitable terms or at all. As we
are a systemically important non-deposit accepting NBFC and do not have access to deposits, our liquidity and
profitability are dependent on timely and adequate access to capital, including borrowings from banks. Increase in
debt would lead to leveraging the balance sheet, exerting pressure on the financial covenants that we are required to
maintain under our various loan agreements. We cannot assure you that we would continue to be in compliance with
loan agreements’ conditions. Any default under a loan agreement may lead to an adverse impact on our financial
condition and results of operations. The exposure (both lending and investment, including off balance sheet exposures)
of a bank to IFCs cannot exceed 15.0 per cent. (the “Specified Exposure Limit”) of the bank’s capital funds as per
such bank’s last audited balance sheet. Banks may, however, assume exposures to IFCs up to 20.0 per cent.
provided, however, that a bank’s exposure in excess of the Specified Exposure Limit is on account of funds on-lent by
the IFCs to the infrastructure sector. Banks may also fix internal limits for their aggregate exposure to all NBFCs
(including IFCs) put together. Although the Specified Exposure Limit is in excess of the permitted bank exposure
levels to NBFCs that are not IFCs, the restrictions applicable to us may impact our ability to obtain adequate funding
from Indian banks. Further, our growth also increases the challenges involved in preserving a uniform culture, values
and work environment; and developing and improving our internal administrative infrastructure. Addressing the
challenges arising from our growth entails substantial senior level management time and resources and would put
significant demands on our management team and other resources. As we grow and diversify, we may not be able to
implement, manage or execute our strategy efficiently in a timely manner or at all, which could adversely affect our
business, prospects, results of operations, financial condition and reputation.
5. Our growth strategy includes pursuing strategic alliances and acquisitions, which may prove difficult to
manage or may not be successful.: Part of our growth strategy includes pursuing strategic acquisitions and alliances.
For instance, we have in the last few years acquired capabilities in investment banking, institutional brokerage and
public markets asset management through inorganic acquisitions. Although, as of the date hereof, we have not
entered into any letter of intent, memorandum of understanding or other contract for any such acquisition or alliance,
we continue to seek such strategic acquisitions in future. However, we cannot assure you that we will be able to
consummate acquisitions or alliances on terms acceptable to us, or at all. In particular, an acquisition or alliance
outside India may be subject to regulatory approvals which may not be received in a timely manner, or at all. In
addition, we cannot assure you that the integration of any future acquisitions will be successful or that the expected
strategic benefits or synergies of any future acquisitions or alliances will be realized. Acquisitions or alliances may
involve a number of special risks, including, but not limited to: outflow of capital as consideration of acquisition and
temporary unavailability of capital for financing operations; adverse short-term effects on our reported operating
results; higher than anticipated costs in relation to the continuing support and development of acquired companies
or businesses; inheritance of litigation or claims; impact of acquisition financing on our financial position; diversion
of management’s attention; requirement of prior lender consent for acquisition; difficulties assimilating and integrating
the processes, controls, facilities and personnel of the acquired business with our own; covenants that may restrict
our business, such as non-compete clauses; and unanticipated liabilities or contingencies relating to the acquired
company or business. Further, such investments in strategic alliances and acquisitions may be long-term in nature
and may not yield returns in the short to medium term. We may from time to time evaluate and change our strategies
related to such investments. Thus, our inability in managing alliances and acquisitions may have an adverse impact
on business, liquidity and results of operations.
6. Our access to liquidity is susceptible to adverse conditions in the domestic and global financial markets.:
Since the second half of 2007, the global credit markets have experienced, and may continue to experience, significant
dislocations and liquidity disruptions, which have originated from the liquidity disruptions in the United States and the
European credit and sub-prime residential mortgage markets. During fiscal 2009, we had to operate in a liquidity
crunch, especially during September, October and November 2008, and had fewer opportunities to finance or provide
services to the infrastructure sector, resulting in a considerable slowdown in our business activities during fiscal 2009.
These and other related events, such as the collapse of a number of financial institutions, have had and continue to
have a significant adverse impact on the availability of credit and the confidence of the financial markets, globally as
well as in India. There can be no assurance that we will be able to secure additional financing required by us on
adequate terms or at all. In response to such developments, legislators and financial regulators in the United States
and other jurisdictions, including India, have implemented a number of policy measures designed to add stability to
the financial markets. However, the overall impact of these and other legislative and regulatory efforts on the global
financial markets is uncertain, and they may not have the intended stabilising effects. Furthermore, pre-emptive
actions taken by the RBI in response to the market conditions in the second half of fiscal 2009, especially the
provision of liquidity support and a reduction in policy rates, may not continue in the future and there can be no
assurance that we will be able to access the financial markets for liquidity if needed. In the event that the current
difficult conditions in the global credit markets continue or if there are changes in statutory limitations on the amount
of liquidity we must maintain or if there is any significant financial disruption, such conditions could have an adverse
effect on our business, prospects, results of operations and financial condition.
7. We have significant exposure to certain sectors and to certain borrowers and if certain assets become
non-performing, the quality of our asset portfolio may be adversely affected.: As of December 31, 2010, our
●
●
●
●
●
●
●
●
●
●
●
●
●
●
6
three largest sector-wise exposures were in the energy, transportation sectors and telecommunications and information
technology, which in the aggregate constituted 89.3 per cent. of our total exposure of Rs. 575,584.8 million, followed
by the commercial and industrial infrastructure and other sectors, which constituted 10.7 per cent. Additionally, our
concentration within these sectors was also significant. Any negative trends or adverse developments in the energy,
transportation, telecommunications and information technology and the commercial and industrial infrastructure sectors,
particularly those that may affect our large borrowers, could increase the level of non-performing assets in our
portfolio and adversely affect our business and financial performance. For the foreseeable future, we expect to
continue to have a significant concentration of assets in these sectors and to certain borrowers. Further, as of
December 31, 2010, our ten largest single borrowers in the aggregate accounted for 23.7 per cent. of our total
exposure and our ten largest borrower groups in the aggregate accounted for 45.6 per cent. of our total exposure.
Credit losses on our significant single borrower and group exposures could adversely affect our business and financial
performance and the price of our Bonds. In addition, at present a majority of our income is in the form of interest
income received from our borrowers. Any default by our large borrowers may have an adverse impact on our liquidity
position and results of operations.
8. As a consequence of our being regulated as an NBFC and an IFC, we will have to adhere to certain
individual and borrower group exposure limits under RBI regulations. : In addition to being a public financial
institution under the Companies Act, since August 2006 our Company has been regulated by the RBI as an NBFC
and as a systemically important non-deposit accepting NBFC pursuant to a notification dated December 13, 2006. In
terms of the Non-Banking Financial (Non-Deposit Accepting or Holding) Companies Prudential Norms (Reserve
Bank) Directions, 2007, as amended (the “Prudential Norms Regulations”) our Company was required to change the
manner of calculating its exposure limits. In the past, our Company had exceeded the exposure limits for individual
and borrower groups in certain cases and a letter to ensure compliance with the exposure norms was issued to our
Company by the RBI. Further, on June 23, 2010, our Company has been classified as an IFC by the RBI, which
classification is subject to certain conditions including 75.0 per cent. of the total assets of such NBFC being deployed
in infrastructure loans (as defined under the Prudential Norms Regulations), net owned funds of Rs. 3,000.0 million
or more, a minimum credit rating of “A” or an equivalent credit rating of CRISIL, FITCH, CARE or ICRA or any other
accrediting rating agency and a capital to risk-weighted asset ratio of 15.0 per cent. As an IFC, our single borrower
limit for infrastructure lending is 25.0 per cent. compared to 20.0 per cent. for an NBFC that is not an IFC, and our
single group limit for infrastructure lending is 40.0 per cent. compared to 35.0 per cent. for an NBFC that is not an IFC.
Our Company’s inability to continue being classified as an IFC may impact our growth and expansion plans by
affecting our competitiveness in relation to our Company’s competitors. In the event that our Company is unable to
comply with the exposure norms within the specified time limit, or at all, we may be subject to regulatory actions by the
RBI including the levy of fines or penalties and/or the cancellation of our registration as an NBFC or IFC. Our
Company cannot assure you that it may not breach the exposure norms in the future. Any levy of fines or penalties or
the cancellation of our registration as an NBFC or IFC by the RBI due to the breach of exposure norms may adversely
affect our business, prospects, results of operations and financial condition. At present, certain of our business and
expansion plans are contingent upon our IFC status, and could be affected in the event we are unable to maintain
IFC status. Further, as an IFC, we will have to constantly monitor our Company’s compliance with the necessary
conditions, which may hinder our future plans to diversify into new business lines. Pursuant to current regulations on
prudential norms issued by the RBI, our Company is required to comply with other norms such as capital adequacy,
credit concentration and disclosure norms along with reporting requirements. We cannot assure you that we will be
able to continue to comply with such norms, and non-compliance, if any, may subject us to regulatory action.
9. We are affected by volatility in interest rates for both our lending and treasury operations, which could
cause our net interest income to decline and adversely affect our return on assets and profitability.: Our
business is dependent on interest income from our infrastructure loans. Accordingly, we are affected by volatility in
interest rates in our lending operations. Being a non-deposit accepting NBFC, our Company is exposed to greater
interest rate risk compared to banks or deposit accepting NBFCs. Interest rates are highly sensitive to many factors
beyond our control, including the monetary policies of the RBI, deregulation of the financial sector in India, domestic
and international economic and political conditions and other factors. Due to these factors, interest rates in India have
historically experienced a relatively high degree of volatility. If interest rates rise we may have greater difficulty in
maintaining a low effective cost of funds compared to our competitors which may have access to low-cost deposit
funds. Further, in case our borrowings are linked to market rates, we may have to pay interest at a higher rate as
compared to other lenders. Fluctuations in interest rates may also adversely affect our treasury operations. In a rising
interest rate environment, especially if the rise were sudden or sharp, we could be adversely affected by the decline
in the market value of our securities portfolio and other fixed income securities. In addition, the value of any interest
rate hedging instruments we may enter into in the future would be affected by changes in interest rates. When
interest rates decline, we are subject to greater repricing and prepayment risks as borrowers take advantage of the
attractive interest rate environment. When assets are repriced, our spread on our loans, which is the difference
between our average yield on loans and our average cost of funds, could be affected. During periods of low interest
rates and high competition among lenders, borrowers may seek to reduce their borrowing cost by asking lenders to
reprice loans. If we reprice loans, our results may be adversely affected in the period in which the repricing occurs. If
borrowers prepay loans, the return on our capital may be impaired as any prepayment premium we receive may not
fully compensate us for the redeployment of such funds elsewhere. Further, the majority of the loans provided by us
are long-term in nature and may not have escalation clauses and may be on a fixed rate basis. Any increase in
interest rates over the duration of such loans may result in us losing interest income. Our inability to effectively and
efficiently manage interest rate variations may adversely affect our result of operations and profitability.
10. We cannot assure you that we will be able to adequately manage our interest rate risk in the future, and
our inability to do so may have an adverse effect on our net interest income. We could face asset-liability
mismatches, which could affect our liquidity position.: Our asset-liability management policy categorizes all
interest rate sensitive assets and liabilities into various time period categories according to contracted residual maturities
or anticipated repricing dates, as may be relevant in each case. The difference between the value of assets and
liabilities maturing, or being repriced, in any time period category provides the measure to which we are exposed to
the risk of potential changes in the margins on new or repriced assets and liabilities. Despite the existence of such
measures, our liquidity position could be adversely affected by the development of an asset-liability mismatch, which
could have an adverse effect on our business, prospects, results of operations, financial condition and asset quality.
11. The infrastructure financing industry is becoming increasingly competitive and our growth will depend
on our ability to compete effectively.: Competition in our industry depends on, among other things, the ongoing
evolution of Government policies relating to the industry, the entry of new participants into the industry and the extent
to which there is consolidation among banks, financial institutions and NBFCs in India. Our primary competitors are
public sector banks, private banks (including foreign banks), financial institutions and other NBFCs. Many of our
competitors may have larger resources or balance sheet sizes than us. Additionally, since our Company is a nondeposit accepting NBFC, we may have restricted access to capital in comparison to banks. Our ability to compete
effectively is dependent on our ability to maintain a low effective cost of funds. With the growth of our business, we
are increasingly reliant on funding from the debt markets and commercial borrowings. The market for such funds is
competitive and our ability to obtain funds on acceptable terms or at all will depend on various factors including our
ability to maintain our credit ratings. If we are unable to access funds at an effective cost that is comparable to or
lower than our competitors, we may not be able to offer competitive interest rates for our infrastructure loans. This is
a significant challenge for us, as there are limits to the extent to which higher costs of funds can be passed on to
borrowers, thus potentially affecting our net interest income. We also face significant competition in the public markets
asset management, investment banking and institutional brokerage and infrastructure development businesses which
we have acquired or established over the last few years. Our competitors in these businesses may be substantially
larger and may have considerably greater financing resources than those available to us. Also, some of our competitors
may have greater technical, marketing and other resources and greater experience in these businesses. Such
competitors also compete with us for management and other human resources and operational resources and
capital.
12. We make equity investments, which can be volatile and may not be recovered. : As of December 31, 2010,
the book value of our quoted equity investments accounted for 0.9 per cent. of our total assets. The value of these
investments depends on the success of the operations and management and continued viability of the investee
entities. We may have limited control over the operations or management of these entities and some of these
investments are unlisted, offering limited exit options. Therefore, our ability to realize expected gains as a result of our
equity investments is highly dependent on factors outside of our control. Write-offs or write-downs in respect of our
equity portfolio could adversely affect our business, prospects, results of operations, financial condition and asset
quality.
13. If the level of non-performing assets in our portfolio were to increase, our business will be adversely
affected.: As of December 31, 2010, our gross and net non-performing loans were Rs. 797.3 million and Rs. 389.1
million, respectively. These represent 0.2 per cent. and 0.1 per cent. of our total loan assets, respectively. Our
provision for contingencies of 1.7 per cent. of total loan assets as of December 31, 2010 may not be indicative of the
expected quality of our asset portfolio if risks affecting a significant portion of our exposure were to materialize or
general economic conditions deteriorate. We expect the size of our asset portfolio to continue to increase in the
future, and we may have additional non-performing assets on account of these new loans and sectoral exposures. If
we are not able to prevent increases in our level of non-performing assets, our business, prospects, results of
operations, financial condition and asset quality could be adversely affected.
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED
14. Failure to recover the expected value of collateral when borrowers default on their obligations to us may
adversely affect our financial performance.: As of December 31, 2010, most of our loans were secured by project
assets. For debt provided on a senior basis (comprising 99.0 per cent. of the value of our outstanding disbursements),
we generally have a first ranking charge on the project assets. For loans provided on a subordinated basis, we
generally have a second ranking charge on the project assets. Although we seek to maintain a collateral value to loan
ratio of at least 100.0 per cent. for our secured loans, an economic downturn or the other project risks described in
this section could result in a fall in collateral values. Moreover, foreclosure of such collateral may require court or
tribunal intervention that may involve protracted proceedings and the process of enforcing security interests against
collateral can be difficult. Additionally, the realizable value of our collateral in liquidation may be lower than its book
value. Further, a significant portion of our outstanding disbursements were made on a non-recourse or limited recourse
basis. With respect to disbursementsmade on a non-recourse basis, only the related project assets are available to
repay the loan in the event the borrowers are unable to meet their obligations under the loan agreements. With
respect to disbursements made on a limited recourse basis, project sponsors generally give undertakings for funding
shortfalls and cost overruns. We cannot guarantee that we will be able to realize the full value of our collateral, due to,
among other things, defects in the perfection of collateral, delays on our part in taking immediate action in bankruptcy
foreclosure proceedings, stock market downturns, claims of other lenders, legal or judicial restraint and fraudulent
transfers by borrowers. In the event a specialized regulatory agency gains jurisdiction over the borrower, creditor
actions can be further delayed. In addition, to put in place an institutional mechanism for the timely and transparent
restructuring of corporate debt, the RBI has devised a corporate debt restructuring system. The applicable RBI
guidelines envisage that for debt amounts of Rs. 100.0 million and above, where recovery suits have been filed by
the creditors, lenders constituting at least 60.0 per cent. of the total number of lenders and holding more than
75.0 per cent. of such debt can decide to restructure the debt and such a decision would be binding on the remaining
lenders. In situations where other lenders constitute 60.0 per cent. of the total number of lenders and own more than
75.0 per cent. of the debt of a borrower, we could be required by the other lenders to agree to restructure the debt,
regardless of our preferred method of settlement. Any failure to recover the expected value of collateral security could
expose us to a potential loss. Apart from the RBI guidelines, we may be a part of a syndicate of lenders the majority
of whom elect to pursue a different course of action than we would have chosen. Any such unexpected loss could
adversely affect our business, prospects, results of operations and financial condition.
15. As an infrastructure lending institution, we have received certain tax benefits in the past as a result of the
type of lending operations we conduct. These benefits are gradually being made unavailable, which could
adversely affect our profits.: We, as well as infrastructure projects that we finance, have benefited from certain tax
regulations and incentives that accord favourable treatment to infrastructure-related activities. As a consequence,
our operations have been subject to relatively low tax liabilities. In fiscal 2008, 2009 and 2010, our effective tax rates
(net of deferred tax) were 24.8 per cent., 26.9 per cent. and 25.7 per cent., respectively, compared to the marginal
rate of tax of 33.99 per cent. in each of these three fiscal years, including applicable surcharges and cess that would
have been applicable to us if these benefits were not made available to us. We cannot assure you that we would
continue to be eligible for such lower tax rates or any other benefits. In addition, it is likely that the Direct Tax Code,
once introduced, could significantly alter the taxation regime, including incentives and benefits, applicable to us or
other infrastructure development activities. If the laws or regulations regarding the tax benefits applicable to us or the
infrastructure sector as a whole were to change, our taxable income and tax liability may increase, which would
adversely affect our financial results. Additionally, if such tax benefits were not available, infrastructure projects could
be considered less attractive which could negatively affect the sector and be detrimental to our business, prospects,
results of operations and financial condition.
16. Our income and profit from our public markets asset management and project equity business is largely
dependent on the value and composition of assets under management, which may decline because of
factors outside our control. : Our income and profit from our public markets asset management and project equity
business is dependent on the total value and composition of assets under our management (“AUM”), as our
management fees are usually calculated as a percentage of the AUM. Any decrease in the value or composition of
AUM will cause a decline in our income and profit. The AUM may decline or fluctuate for various reasons, many of
which are outside our control. Factors that could cause the AUM and income to decline include the following:
Declines in the Indian equity markets: The AUM for our equity funds, and, to a lesser extent, our balanced/hybrid
funds are concentrated in the Indian equity markets. As such, declines in the equity markets or the market segments
in which our investment portfolios are concentrated will cause AUM to decline. The equity markets in India are
volatile, which contributes and will continue to contribute to fluctuations in our AUM. Changes in interest rates and
defaults: Many of our funds invest in fixed income securities, including short-term money market instruments. The
value of fixed income securities may decline as a result of changes in interest rates, an issuer’s actual or perceived
creditworthiness or an issuer’s ability to meet its obligations. Redemptions and withdrawals: Clients, in response to
market conditions, inconsistent or poor investment performance, the pursuit of other investment opportunities, or any
other factors, may reduce their investments in our funds or potential clients may avoid the market segments in which
our funds are concentrated. In a declining market, the price of redemptions may accelerate rapidly. Most of our equity
and balanced/hybrid funds are open-ended funds, such that clients can redeem their units any time. Some of our
income and liquid closed-ended funds have a short duration, so after the life of the fund, clients may choose not to
reinvest in our funds and seek alternative forms of savings. If any of our funds face a lack of liquidity, although we
have no legal obligation to do so, in order to protect the IDFC brand name, we may need to provide monies to such
funds. Further, as compared to our other businesses, the public markets asset management involves direct interaction
with retail customers who are sensitive to our brand image. Retail customers may, in response to any negative
perception of our brand image, reduce their investments in our funds or avoid the market segments in which our
funds are concentrated or choose not to reinvest in our funds and seek alternative forms of savings, all of which could
adversely affect our business, prospects, results of operations, financial condition and reputation. The rates for
management fees differ depending on the type of fund and product. For example, fee levels for equity and balanced/
hybrid funds are generally higher than the fee levels for income and liquid funds. Fee levels for debt funds vary
significantly depending on market conditions and the type of fund. Accordingly, the composition of AUM also substantial y
affects the level of our income. Further, regulatory intervention on the entry and exit loads and the fees chargeable
under different schemes, have been considerable in the recent past. We cannot assure you that such actions would
not continue in future. Any such actions may limit our income, increase expenses and may have a material adverse
effect on our profitability and results of operations. The amount of expenses funds can charge is also usually based
on a percentage of AUM. Any expense incurred by us in excess of the pre-determined percentage that can be
charged to the funds would be met by the AMC. Accordingly, the value of AUM also can affect the level of our
operating expenses. In addition, excluding any distribution costs, most of our costs do not vary directly with AUM or
income. As a result, our operating margins may fluctuate by a higher percentage than changes in income.
17. Our investment funds business is subject to a number of risks and uncertainties.: Our subsidiary IDFC
Private Equity Company Limited is the investment manager for three funds and manages a corpus of Rs. 59,918
million. However, the corpus of one of the funds was reduced to Rs. 29,032 million by a resolution of the investors
dated November 9, 2010. The formal documentation to effect has been finalized and the corpus of the fund is now
57,349.0 million. For more details of these funds, please see the section entitled “Our Business - Alternative Asset
Management” on page 74 of the Prospectus - Tranche 3. Existing and potential investors in our funds continually
assess our investment funds’ performance, and our ability to raise capital for future investment funds will depend on
our investment funds’ continued satisfactory performance. Fiscal 2010 witnessed low levels of activity in the performance
of our investment funds. If any of our investment funds were to perform poorly, the value of our assets under
management would decrease. This would also result in a reduction in our management and incentive fees and
carried interest. Moreover, we could experience losses on our investments as principal as a result of poor investment
performance by our investment funds. This could adversely affect our ability to expand our funds business, which is
one of the key elements of our strategy. Further, any adverse regulatory action in relation to the investment fund
business or the sector in which we have investments may have an adverse impact on our business and results of
operations. Thus, if we are unable to manage foreseeable and unforeseen risks and uncertainties in our investment
management, it could affect our overall profitability and performance.
18. If the investment strategy for any of our funds goes out of favour with our clients, our income and profit
may be materially adversely affected.: Our investment strategy in relation to any of our funds could go out of
favour with our clients for a number of reasons, such as our inability to formulate an appropriate investment strategy,
incorrect presumption about risks and benefits, underperformance relative to market indices, competition or other
factors. If our investment strategies were to go out of favour with our clients, it could potentially cause our clients to
reduce the assets that we manage for them. However, it should be noted that the clients make firm commitments and
can only default in payment of their contributions, in which case the Company has the ability to forfeit units already
subscribed by them and allot the balance unsubscribed units to other eligible investor(s), subject to Company finding
such investor(s). Our inability to formulate new investment strategies or offer new products promptly if market conditions
change or new opportunities arise also may adversely affect the growth of our AUM. A decrease in our AUM may
have a material adverse effect on our business, prospects, results of operations and financial condition.
19. We have a limited history with respect to acting as an infrastructure developer and we are subject to all
of the business risks and uncertainties associated with commencing a new business in general, and with
infrastructure development in particular. : We established IDFC Projects Limited in 2007, to act as an infrastructure
developer. However, we have very limited experience in developing infrastructure projects and, as of the date of this
Prospectus - Tranche 3, we have a majority interest in a company which is setting up a 1,050 MW coal-fired power
●
●
●
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3
plant in Chhattisgarh. Our success as an infrastructure developer will depend, among other things, on our ability to filed a civil writ petition before the High Court of Delhi alleging breach of the 74% sectoral cap for foreign direct recent past. The extent and severity of these natural disasters determine their impact on the Indian economy. In
attract and retain talented and experienced personnel and to build relationships with partners and co-developers. We investment by Vodafone in HEL. The Government, along with 21 other entities, including our Company was made previous years, many parts of India received significantly less than normal rainfall. As a result, the agricultural sector
may not have control over joint ventures incorporated for undertaking infrastructure projects. Additionally, we are respondents under this writ petition. The petitioner has alleged that SMMS Investments Private Limited (which was recorded minimal growth. Prolonged spells of below normal rainfall in the country or other natural calamities could
subject to all of the business risks and uncertainties associated with any new business enterprise, including the risk held 49% by the Company, 49% by IDF (now 100% is held by IDF) and 2% by SSKI Corporate Finance Limited) have a negative impact on the Indian economy, thereby affecting our business.
that we will not achieve our objectives within the estimated time period, or at all. Any inability to effectively develop or holds its 61.60 % investment in Omega Telecom Holdings Private Limited (which in turn held 5.11% equity interest in 36. Difficulties faced by other banks, financial institutions or NBFCs or the Indian financial sector generally
operate the projects, which we are developing or expect to develop, could adversely affect our business, prospects, HEL) as a nominee of HTIL. On May 7, 2007, the Ministry of Finance, Government approved the acquisition of a could cause our business to be adversely affected.: We are exposed to the risks of the Indian financial sector
controlling stake in HEL by Vodafone. However on May 10, 2007 Telecom Watchdog filed an application before the which in turn may be affected by financial difficulties and other problems faced by Indian financial institutions. Certain
results of operations and financial condition.
20. Any infrastructure projects we develop will require significant capital expenditure for which we will High Court of Delhi for the revival of the civil writ petition. The High Court of Delhi issued revival notice and granted Indian financial institutions have experienced difficulties during recent years particularly in managing risks associated
require additional capital. If we are unable to obtain the necessary funds on acceptable terms, our growth liberty to Telecom Watchdog to amend the writ petition. Telecom Watchdog filed writ petition involving Vodafone also with their portfolios and matching the duration of their assets and liabilities, and some co-operative banks have also
plans could be adversely affected.: Our funding requirements for infrastructure projects that we seek to develop as a party. The matter is pending. Further, in the past, IDFC Capital Limited and IDFC Securities Limited have faced serious financial and liquidity crises. Any major difficulty or instability experienced by the Indian financial sector
through IDFC Projects Limited are likely to be substantial, and our ability to finance these plans are subject to a received show-cause notices from the SEBI and income tax authorities. Pursuant to a letter dated October 29, 2009, could create adverse market perception, which in turn could adversely affect our business, prospects, results of
number of risks, contingencies and other factors, some of which are beyond our control, including availability of the RBI has stated that the erstwhile SSKI Corporate Finance Private Limited (now IDFC Capital Limited) has been operations and financial condition.
liquidity, general economic and capital markets conditions and our ability to obtain financing on acceptable terms, in in contravention of certain regulations under FEMA. Pursuant to a letter dated February 9, 2010, IDFC Capital RISKS RELATING TO THE BONDS
a timely manner, or at all. Furthermore, adverse developments in the Indian credit markets or a reduced perception Limited has submitted an application for compounding which was heard on June 25, 2010 and the compounding 37. The Bonds are classified as “Long Term Infrastructure Bonds” and eligible for tax benefits under Section
in the credit markets of our creditworthiness could increase our debt service costs and the overall cost of our funds. amount of Rs. 500,000 has been paid. For further details, please see the section entitled “Outstanding Litigations 80CCF of the Income Tax Act. The investor shall be eligible for deduction under Section 80 CCF of the
Additionally, due to the number of large scale infrastructure projects currently under development in India and increased and Default” on page 102 of the Prospectus - Tranche 3.
Income Tax Act only for an amount of Rs. 20,000 in the year of investment, in the event that his or her
lending by banks and financial institutions to such projects, we may not be able to receive adequate debt funding on 27. We have debt agreements which contain restrictive covenants, placing limitations on us.: Some debt investment in the Bonds exceeds Rs. 20,000. : The Bonds are classified as “long term infrastructure bonds” and
commercially reasonable terms. We cannot assure you that debt or equity financing or our internal accruals will be agreements entered into by the Company contain restrictive covenants including certain restrictions relating to the are being issued in terms of Section 80CCF of the Income Tax Act and the Notification. In accordance with Section
available or sufficient to meet our capital expenditure requirements. Our ability to obtain the required capital on diversification of our business. These restrictions may impede the growth of our business. We have recently secured 80CCF of the Income Tax Act, the amount, not exceeding Rs. 20,000, paid or deposited as subscription to long-term
acceptable terms is subject to a variety of uncertainties, including: limitations on our ability to incur additional debt, our outstanding borrowings by a floating charge over our receivables. Any inability to comply with the provisions of infrastructure bonds during the previous year relevant to the assessment year beginning April 01, 2011 shall be
including as a consequence of regulatory and contractual restrictions and prospective lenders’ evaluations of our our debt agreements and any consequent action taken by our lenders, including an enforcement of the security, may deducted in computing the taxable income of a Resident Individual or HUF. In the event that any Applicant applies for
adversely affect our business, prospects, results of operations and financial condition.
creditworthiness and pursuant to restrictions on incurrence of debt in our existing and anticipated credit facilities;
the Bonds in excess of Rs. 20,000 in the year of investment, the aforestated tax benefit shall be available to such
limitations on our ability to raise capital in the capital markets and conditions of the Indian, U.S. and other capital 28. Our transition to IFRS reporting could have a material adverse effect on our reported results of operations Applicant only to the extent of Rs. 20,000 in the year of investment. Subscription to additional Bonds will not be
or
financial
condition.:
Public
companies
in
India,
including
us,
may
be
required
to
prepare
annual
and
interim
markets in which we may seek to raise funds; and our future results of operations, financial condition and cash
eligible for deduction from taxable income.
flows. Any inability to raise sufficient capital, or any delays in raising capital, to fund our infrastructure projects could financial statements under IFRS in accordance with the roadmap for the adoption of, and convergence with, IFRS 38. There has been no prior public market for the Tranche 3 Bonds and it may not develop in the future, and
announced by the Ministry of Corporate Affairs, Government, through the press note dated January 22, 2010 (the
adversely affect our business, prospects, results of operations and financial condition.
the price of the Tranche 3 Bonds may be volatile: The Tranche 3 Bonds under this Prospectus – Tranche 3 have
21. Material changes in the regulations that govern us could adversely affect our business and “Press Release”) and the clarification thereto dated May 4, 2010 (together with the Press Release, the “IFRS no established trading market. Moreover, the Tranche 3 Bonds issued in this Issue are subject to statutory lock-in for
Convergence
Note”).
Pursuant
to
the
IFRS
Convergence
Note,
NBFCs
which
are
part
of
the
Nifty
50
or
Sensex
30
or
competitiveness.: We are subject to the Companies Act and are subject to detailed supervision and regulation by
a period of five years from the date of Allotment. No trading market would exist or be established for the Tranche 3
the RBI and by the SEBI for certain of our activities. In addition, we are subject generally to changes in Indian law, as have a net worth in excess of Rs. 10,000.0 million as per the audited balance sheet as at March 31, 2011, or the first
well as to changes in regulation and government policies and accounting principles. We also receive certain benefits balance sheet for accounting periods which ends after that date, are required to convert their opening balance sheet Bonds issued in this Issue for the Lock-In Period despite the Tranche 3 Bonds being listed on NSE and BSE. Even
from being notified as a public financial institution under the Companies Act and by virtue of operating in the infrastructure as at April 1, 2013 in compliance with the notified accounting standards to be converged with IFRS. We have not yet after the expiry of the Lock-in Period, there can be no assurance that a public market for these Tranche 3 Bonds
sector. Any amendments or other changes to the regulations governing us may require us to restructure our activities determined with any degree of certainty what impact the adoption of IFRS will have on our financial reporting. Our would develop. The proposed tax changes to the income tax regime by introduction of the draft Direct Tax Code
and/or incur additional expenses in complying with such laws and regulations and could materially and adversely financial condition, results of operations, cash flows or changes in shareholders’ equity may appear materially different (“DTC”) may result in extinguishment of benefits available under Section 80CCF of the Income Tax Act. This may
affect our business, financial condition and results of operations. Further, our Company has recently been classified under IFRS than under Indian GAAP or our adoption of IFRS may adversely affect our reported results of operations result in no further issuance of the Bonds after DTC is approved by the Government of India. Although an application
as an IFC, which entitles our Company to certain benefits, such as relaxed exposure norms, access to external or financial condition. For example, IFRS may not permit us to recognise revenues on a percentage of completion has been made to list the Tranche 3 Bonds on NSE and BSE, there can be no assurance that an active public market
commercial borrowings under the automatic route up to a certain percentage and increased access to lending by method and accordingly we may be required to restate our historical financial information and commence recognising for the Tranche 3 Bonds will develop, and if such a market were to develop, there is no obligation on us to maintain
banks. However, classification as an IFC is also subject to certain conditions including 75.0 per cent. of the total revenues only when construction is completed and a unit is sold. This may have a material adverse effect on the such a market. The liquidity and market prices of the Tranche 3 Bonds can be expected to vary with changes in
assets of such NBFC being deployed in infrastructure loans (as defined under the Prudential Norms Regulations), amount of income recognised during that period and in the corresponding (restated) period in the comparative fiscal market and economic conditions, our financial condition and prospects and other factors that generally influence
net owned funds of Rs. 3,000.0 million or more, minimum credit rating of “A” or an equivalent credit rating of CRISIL, year/period. In addition, in our transition to IFRS reporting, we may encounter difficulties in the ongoing process of market price of Tranche 3 Bonds. Such fluctuations may significantly affect the liquidity and market price of the
FITCH, CARE or ICRA or any other accrediting rating agency and CRAR of 15.0 per cent. Our Company’s inability to implementing and enhancing our management information systems. Moreover, our transition may be hampered by Tranche 3 Bonds, which may trade at a discount to the price at which you purchase the Tranche 3 Bonds. Moreover,
continue being classified as an IFC may impact our growth and expansion plans by affecting our competitiveness. increasing competition and increased costs for the relatively small number of IFRS-experienced accounting personnel the price of the Tranche 3 Bonds on the Stock Exchanges may fluctuate after this Issue as a result of several other
factors.
22. We are subject to credit, market and liquidity risks, and if any such risks were to materialize, our credit available as more Indian companies begin to prepare IFRS financial statements.
39. The legal regime in respect of issue of long term infrastructure bonds has been recently introduced and
ratings and our cost of funds could be adversely affected.: To the extent any of the instruments and strategies RISKS RELATING TO THE INDIAN ECONOMY
we use to hedge or otherwise manage our exposure to market or credit risks are not effective, we may not be able to 29. A slowdown in economic growth in India could cause our business to be adversely affected.: We and its efficiency is yet to be established.: The legal regime in relation to issue of long term infrastructure bonds was
mitigate effectively our risk exposures in particular market environments or against particular types of risks. Our most of our subsidiaries are incorporated in India, and substantially all of our assets and employees are located in introduced in the Finance Bill of 2010, along with the tax benefits upon investment. Pursuant to a notification dated
trading revenues and interest rate risk are dependent upon our ability to properly identify, and mark to market, India. As a result, we are highly dependent on prevailing economic conditions in India and our results of operations July 9, 2010, the Ministry of Finance issued terms and conditions required for issuance of long term infrastructure
changes in the value of financial instruments caused by changes in market prices or rates. Our earnings are dependent are significantly affected by factors influencing the Indian economy. Any slowdown in economic growth in India could bonds. We cannot assure you that the tax benefits offered for investment in long term infrastructure bonds would be
upon the effectiveness of our management of migrations in credit quality and risk concentrations, the accuracy of our adversely affect us, including our ability to grow our asset portfolio, the quality of our assets, and our ability to continued in future. Further, we cannot assure you that any other company would be issuing infrastructure bonds in
valuation models and our critical accounting estimates and the adequacy of our allowances for loan losses. To the implement our strategy. In recent years, India has been one of the fastest growing major economies in the world, future and that a market for infrastructure bonds would be develop in future.
extent our assessments, assumptions or estimates prove inaccurate or are not predictive of actual results, we could recording a GDP growth rate at factor cost of 9.0 per cent. or higher in each of fiscal 2006, 2007 and 2008. 40. There is no guarantee that the Tranche 3 Bonds issued pursuant to this Issue will be listed on NSE and
incur higher than anticipated losses. The successful management of credit, market and operational risk is an important Macroeconomic conditions resulted in GDP growth rates at factor cost declining to 6.7 per cent. in fiscal 2009 and 6.1 BSE in a timely manner, or at all.: In accordance with Indian law and practice, permissions for listing and trading of
consideration in managing our liquidity risk because it affects the evaluation of our credit ratings by rating agencies. per cent. in the first quarter of fiscal 2010. The Central Statistics Office’s (Ministry of Statistics and Programme the Tranche 3 Bonds issued pursuant to this Issue will not be granted until after the Tranche 3 Bonds have been
Rating agencies may reduce or indicate their intention to reduce the ratings at any time. For example, one of the Implementation) estimates suggest that the GDP growth rate at factor cost in fiscal 2010 will have been approximately issued and allotted. Approval for listing and trading will require all relevant documents authorising the issuing of
rating agencies had downgraded our debt grading from AAA to AA+ in July, 2009 and there can be no assurance that 7.4 per cent. The current uncertain economic situation, in India and globally, could result in a further slowdown in Tranche 3 Bonds to be submitted. There could be a failure or delay in listing the Tranche 3 Bonds on the Stock
we may not experience such downgrade in the future. The rating agencies can also decide to withdraw their ratings economic growth, investment and consumption. A further slowdown in the rate of growth in the Indian economy could Exchanges.
altogether, which may have the same effect as a reduction in our ratings. Any reduction in our ratings (or withdrawal result in lower demand for credit and other financial products and services and higher defaults. Any slowdown in the 41. You may not be able to recover, on a timely basis or at all, the full value of the outstanding amounts and/
of ratings) may increase our borrowing costs, limit our access to capital markets and adversely affect our ability to sell growth or negative growth of sectors where we have a relatively higher exposure could adversely impact our or the interest accrued thereon in connection with the Tranche 3 Bonds.: Our ability to pay interest accrued on
or market our products, engage in business transactions, particularly longer-term and derivatives transactions, or performance. Any such slowdown could adversely affect our business, prospects, results of operations and financial the Tranche 3 Bonds and/or the principal amount outstanding from time to time in connection therewith would be
retain our customers. This, in turn, could reduce our liquidity and negatively impact our operating results and financial condition.
subject to various factors inter-alia including our financial condition, profitability and the general economic conditions
condition. In addition, as an IFC, banks’ exposures to us are risk-weighted in accordance with the ratings assigned to 30. Increased volatility or inflation of commodity prices in India could adversely affect the Company’s in India and in the global financial markets. We cannot assure you that we would be able to repay the principal
the Company by the rating agencies registered with the SEBI and accredited by the RBI. Our classification as an IFC business.: In recent months, consumer and wholesale prices in India have exhibited marked inflationary trends, with amount outstanding from time to time on the Tranche 3 Bonds and/or the interest accrued thereon in a timely
is dependent upon the credit rating we obtain and maintain. Although we believe that we have adequate risk particular increases in the prices of food, metals and crude oil. Inflation measured by the Wholesale Price Index manner, or at all. Although our Company will create appropriate security in favour of the Debenture Trustee for the
management policies and procedures in place, we may still be exposed to unidentified or unanticipated risks, which increased from 1.31% at March 31, 2009 to 11.04% at March 31, 2010. Any increased volatility or rate of inflation of Bondholders on the assets adequate to ensure 100% asset cover for the Tranche 3 Bonds, the realizable value of
global commodity prices, in particular oil and steel prices, could adversely affect the Company’s borrowers and the Secured Assets, when liquidated, may be lower than the outstanding principal and/or interest accrued thereon in
could lead to material losses.
23. Our consolidated contingent liabilities not provided for could adversely affect our financial condition.: contractual counterparties. This may lead to slowdown in the growth of the infrastructure and related sectors could connection with the Tranche 3 Bonds. A failure or delay to recover the expected value from a sale or disposition of the
As of March 31, 2010, we had consolidated contingent liabilities not provided for of Rs. 11,161.2 million, including adversely impact the Company’s business, financial condition and results of operations.
Secured Assets could expose you to a potential loss.
Rs. 6,896.6 million of capital commitments and Rs. 2,801.2 million of financial guarantees. We also had Rs. 723.7 31. Significant shortages in the supply of crude oil or natural gas, and other raw materials, could adversely 42. Debenture Redemption Reserve (“DRR”) would be created up to an extent of 50% for the Tranche 3
affect
the
Indian
economy
and
the
infrastructure
sector,
which
could
adversely
affect
us.:
In
fiscal
2009,
India
million of consolidated contingent liabilities as on March 31, 2010 which increased to Rs. 1,190.5 million of consolidated
Bonds.: The Department of Company Affairs General Circular No.9/2002 No.6/3/2001-CL.V dated April 18, 2002
contingent liabilities on account of income tax disputes as on January 31, 2011. If these contingent liabilities fully imported approximately 128.2 million tonnes of crude oil. Crude oil prices are volatile and prices have risen in recent specifies that NBFCs which are registered with the RBI under Section 45-IA of the Reserve Bank of India Act, 1934
materialize, our financial condition could be adversely affected. For further details of our contingent liabilities, please years due to a number of factors such as the level of global production and demand and political factors such as war shall create DRR to the extent of 50 per cent. of the value of the debentures issued through public issue. Therefore
and other conflicts, particularly in the Middle East. In June 2010, the Government eliminated subsidies on petroleum the Company will be maintaining debenture redemption reserve to the extent of 50% of the Tranche 3 Bonds issued
see the section entitled “Financial Statements” beginning on page F-1 of the Prospectus - Tranche 3.
24. Our success is dependent upon our management team and skilled personnel and our ability to attract products, which will significantly increase the price of gasoline, diesel and kerosene. Any significant increase in oil and the Bondholders may find it difficult to enforce their interests in the event of or to the extent of a default.
and retain such persons.: Our future performance will be affected by the continued service of our management prices could adversely affect the Indian economy, including the infrastructure sector, and the Indian banking and 43. Any downgrading in credit rating of our Tranche 3 Bonds may affect our the trading price of the Tranche
team and our ability to attract and retain skilled personnel. We also face a continuing challenge to recruit and retain financial system. Prices of other key raw materials, for example steel, coal and cement, have also risen in recent 3 Bonds: The Tranche 3 Bonds proposed to be issued under this Issue have been rated ‘LAAA’ from ICRA and
a sufficient number of suitably skilled personnel, particularly as we utilize the experienced understanding of our years and if the prices of such raw materials approach levels that project developers deem unviable, this will result in AAA(ind) from Fitch. We cannot guarantee that this rating will not be downgraded. The ratings provided by ICRA may
management of risks and opportunities associated with our business, and continue to grow and broaden our business a slowdown in the infrastructure sector and thereby reduce our business opportunities, our financial performance be suspended, withdrawn or revised at any time. Any revision or downgrading in the above credit rating may lower
activities. Our diversification strategy with its emphasis on principal investments, loan syndication, institutional brokerage, and our ability to implement our strategy. In addition, natural gas is a significant input for infrastructure projects, the value of the Tranche 3 Bonds and may also affect the Company’s ability to raise further debt.
asset management and investment banking, and corporate and advisory services, requires highly qualified and particularly those in the energy sector. India has experienced delays in the availability of natural gas which has 44. The Bondholders are required to comply with certain lock-in requirements : The Bondholders are required
skil ed personnel. There is significant competition in India for such personnel, and it may be difficult to attract, adequately caused difficulties in these projects. Continued difficulties in obtaining reliable, timely supply of natural gas could to hold the Tranche 3 Bonds for a minimum period of five years before they can sell the same or utilise the buy-back
compensate and retain the personnel we need in the future. We do not maintain a “key man” insurance policy. adversely affect some of the projects we finance and could impact the quality of our asset portfolio and our business, option offered by the Company. This may lead to a lack of liquidity for the Bondholders during such periods (whether
Inability to attract and retain appropriate managerial personnel, or the loss of key personnel could adversely affect prospects, results of operations and financial condition.
before or after the expiry of the Lock-in Period). Additionally, after the Lock-in Period, the Company will provide for
our business, prospects, results of operations and financial condition.
32. Financial instability in other countries could disrupt our business.: The Indian market and the Indian buyback of the Series 1 Tranche 3 Bonds and Series 2 Tranche 3 Bonds on the Buyback Date in a manner as
25. Foreign currency lending or borrowing will expose us to fluctuations in foreign exchange rates. : We are economy are influenced by economic and market conditions in other countries. Although economic conditions are prescribed herein below. Other than on the Buyback Date, no Bondholder will be permitted to require a buyback of
affected by adverse movements in foreign exchange rates to the extent they affect our borrowers negatively, which different in each country, investors’ reactions to developments in one country can have adverse effects on the the Series 1 Tranche 3 Bonds and Series 2 Tranche 3 Bonds by the Company. In the event that a Bondholder of
may in turn adversely affect the quality of our exposure to these borrowers. As of January 31, 2011, we had foreign economy as a whole, in other countries, including India. A loss of investor confidence in the financial systems of other Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds who has not opted for the buyback facility upfront in the
currency borrowings of U.S. $ 291.0 million. While we currently seek to hedge foreign currency exposures, as our emerging markets may cause volatility in Indian financial markets and indirectly, in the Indian economy in general. Application Form fails to inform the Company during the Buyback Intimation Period of his or her intention to utilize the
business grows and we seek greater amounts of foreign currency funds (for example, as an IFC, we have greater Any worldwide financial instability could also have a negative impact on the Indian economy, including the movement buyback facility offered by the Company, such Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds held by
access to external commercial borrowings), we could be exposed to a greater extent to fluctuations in foreign currency of exchange rates and interest rates in India. In the event that the current difficult conditions in the global credit such Bondholder shall not be bought back by the Company on the Buyback Date. In such a case, a Bondholder may
rates. Volatility in foreign exchange rates could adversely affect our business, prospects, results of operations and markets continue or if the recovery is slower than expected or if there any significant financial disruption, this could after the expiry of the Lock-in Period sell or dispose of those Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3
financial condition.
have an adverse effect on our cost of funding, loan portfolio, business, prospects, results of operations and financial Bonds on the Stock Exchanges.
26. We are involved in certain legal proceedings that, if determined against us, could adversely impact our condition.
In the event that a Bondholder of Series 1 Tranche 3 Bonds and/or Series 2 Tranche 3 Bonds who has opted for the
business and financial condition. : We are subject to certain significant legal proceedings that could adversely 33. Political instability or changes in the Government could adversely affect economic conditions in India buyback facility upfront in the Application Form, fails to inform the Company during the Buyback Intimation Period of
impact our business and financial condition. These include: We are involved in a number of disputes pending with and consequently, our business.: The Government has traditionally exercised and continues to exercise a significant his or her intention not to utilise the buyback facility offered by the Company, such Series 1 Tranche 3 Bonds and/or
the Income Tax Department with respect to income tax assessments for the assessment years 1997-1998, 1999- influence over many aspects of the economy. Since 1991, successive governments have pursued policies of economic Series 2 Tranche 3 Bonds shall be compulsorily bought back by the Company on the Buyback Date.
2000, 2000-2001, 2001-2002, 2002-2003, 2003-2004, 2004-2005, 2005-2006, 2006-2007, 2007-2008 and 2008- and financial sector liberalisation and deregulation and encouraged infrastructure projects. The new Government, 45. Changes in interest rates may affect the price of the Company’s Tranche 3 Bonds.: All securities where a
2009. The aggregate income tax liability in dispute is Rs. 1,095.0 million as on January 31, 2011. In fiscal 2004, we which came to power in May 2009, is headed by the Indian National Congress and is a coalition of several political fixed rate of interest is offered, such as the Company’s Tranche 3 Bonds, are subject to price risk. The price of such
sanctioned and disbursed a loan of Rs. 300 million to Data Access (India) Limited (“DAIL”) for use in connection with parties. Although the previous Governments had announced policies and taken initiatives that supported the economic securities will vary inversely with changes in prevailing interest rates, i.e. when interest rates rise, prices of fixed
its Internet service provider business. As a result of a promoter dispute and a winding up petition filed by one of DAIL’s liberalisation programme pursued by previous governments, the policies of the subsequent Governments may change income securities fall and when interest rates drop, the prices increase. The extent of fall or rise in the prices is a
promoters, the High Court of Delhi on November 18, 2005 awarded a winding up order against DAIL and appointed
function of the existing coupon, days to maturity and the increase or decrease in the level of prevailing interest rates.
an official liquidator (the “Official Liquidator”) to take charge of DAIL’s assets. As security against the loan, we hold a the rate of economic liberalisation. A significant change in the Government’s policies in the future, particularly in Increased rates of interest, which frequently accompany inflation and/or a growing economy, are likely to have a
respect
of
the
banki
n
g
and
fi
n
ance
i
n
dustry
and
the
i
n
frastructure
sector,
coul
d
affect
busi
n
ess
and
economi
c
condi
t
i
o
ns
number of shares in DAIL. However, a group of new investors filed a suit against us seeking to prevent us from selling
negative effect on the price of the Company’s Tranche 3 Bonds.
DAIL’s shares held by the Company, and the Madras High Court subsequently passed a temporary order preventing in India. This could also adversely affect our business, prospects, results of operations and financial condition.
46. Payments made on the Tranche 3 Bonds is subordinated to certain tax and other liabilities preferred by
us from disposing of our shareholding in DAIL. On August 26, 2005, the Company filed a recovery petition in the Debt 34. If regional hostilities, terrorist attacks or social unrest in India increases, our business could be adversely law.: The Tranche 3 Bonds wil be subordinated to certain liabilities preferred by law such as to claims of the Government
Recovery Tribunal, New Delhi against the guarantors under the loan to DAIL, namely Siddharth Ray and SPA affected.: India has from time to time experienced social and civil unrest and hostilities within itself and with neighbouring on account of taxes, and certain liabilities incurred in the ordinary course of the Company’s trading or banking
Enterprises Limited for recovery of an amount aggregating to Rs. 314.10 million. In November 2008, the aforesaid countries. India has also experienced terrorist attacks in some parts of the country. In November 2008, several transactions. In particular, in the event of bankruptcy, liquidation or winding-up, the Company’s assets will be available
guarantors filed application for stay of proceedings before the Debt Recovery Tribunal which has been dismissed. coordinated terrorist attacks occurred across Mumbai, India’s financial capital, which resulted in the loss of life, to pay obligations on the Tranche 3 Bonds only after all of those liabilities that rank senior to these Tranche 3 Bonds
The matter is pending. In February 2008, the Company filed an application against DAIL and Canara Bank for property and business. These hostilities and tensions and/or the occurrence of similar terrorist attacks have the have been paid. In the event of bankruptcy, liquidation or winding-up, there may not be sufficient assets remaining,
recovery of Rs. 465.40 million in the Debt Recovery Tribunal, New Delhi. The Company prayed for issuing of a potential to cause political or economic instability in India and adversely affect our business and future financial after paying amounts relating to these proceedings, to pay amounts due on the Tranche 3 Bonds. Further, there is no
certificate of recovery in its favour by the Debt Recovery Tribunal. Canara Bank has filed its written statement alleging performance. Further, India has also experienced social unrest in some parts of the country. If such tensions occur in restriction on the amount of debt securities that the Company may issue that ranks above the Tranche 3 Bonds. The
that the Company does not have first charge over the book debts and receivables of DAIL. The Company filed its other parts of the country, leading to overall political and economic instability, it could have an adverse effect on our issue of any such debt securities may reduce the amount recoverable by investors in the Tranche 3 Bonds upon the
rejoinder to the written statement in November 2009. The matter is pending. Following Vodafone International business, prospects, results of operations and financial condition.
Company’s bankruptcy, winding-up or liquidation.
Holdings BV’s (“Vodafone”) agreement with Hutchison Telecommunications International Limited (“HTIL”) for the 35. Natural calamities could have a negative impact on the Indian economy and could cause our business to
be
adversely
affected.:
India
has
experienced
natural
calamities
such
as
earthquakes,
floods
and
drought
in
the
acquisition of a controlling stake in Hutchison Essar Limited (“HEL”), an organization called the Telecom Watchdog
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED 7
●●
●
●
●
●
●
IN THE NATURE OF FORM 2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS - TRANCHE 3
GENERAL INFORMATION
Infrastructure Development Finance Company Limited: The Company was incorporated as a public company
with limited liability in the Republic of India under the Companies Act, on January 30, 1997.
Registered Office: KRM Tower, 8th Floor, No. 1, Harrington Road, Chetpet, Chennai 600 031
Corporate Office: Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051
Registration: Corporate Identification Number: L65191TN1997PLC037415 issued by the Registrar of Companies,
Chennai, Tamil Nadu. Certification of incorporation dated January 30, 1997 and certificate of commencement of
business dated February 13, 1997. Certification of Registration no.B-07-00718 dated April 25, 2002 issued by the
RBI allowing the Company to commence/ carry on the business of non-banking financial institution, under section 45IA of the RBI Act. Certificate of Registration dated June 23, 2010 issued by the RBI reclassifying the Company as
Infrastructure Finance Company, under section 45-IA of the RBI Act.
Credit Rating and Rationale : ICRA has vide its letter no. 2010-11/MUM/617 dated August 31, 2010, and revalidated
through letter dated February 11, 2011, assigned a rating of LAAA to the Tranche 3 Bonds proposed to be issued by
the Company, pursuant to the Shelf Prospectus including the Tranche 3 Bonds issued under this Prospectus Tranche 3. This rating of the Tranche 3 Bonds indicates stable outlook and is the highest credit quality rating assigned
by ICRA. For details in relation to the rationale for the credit rating, please refer to the Annexure to this Prospectus Tranche 3. Fitch has vide its letters dated December 16, 2010 and February 14, 2011 assigned a rating of AAA(ind)
to the Tranche 3 Bonds proposed to be issued by the Company, pursuant to this Prospectus - Tranche 3. This rating
of the Tranche 3 Bonds indicates a long term stable outlook. For details in relation to the rationale for the credit rating,
please refer to the Annexure to this Prospectus - Tranche 3.
Issue Programme: The Issue shall remain open for subscription during banking hours for the period indicated
below, except that the Issue may close on such earlier date or be extended to such date as may be decided by the
Board subject to necessary approvals. In the event of an early closure or extension of the Issue, the Company shall
ensure that notice of the same is provided to the prospective investors through newspaper advertisements at least
three days prior to such earlier or extended date of Issue closure.
ISSUE OPENS ON : February 28, 2011
ISSUE CLOSES ON: March 16, 2011
CAPITAL STRUCTURE
Details of share capital: The share capital of the Company as at the date of this Prospectus - Tranche 3 is set forth below:
Amount (Rs. in millions)
Authorised share capital
4,000,000,000 Equity Shares of Rs. 10 each
40,000.0
100,000,000 Preference Shares of Rs.100 each
10,000.0
Issued, subscribed and paid up share capital
1,460,947,548 Equity Shares of Rs. 10 each, fully paid up
14,609.4
84,000,000 compulsorily convertible cumulative Preference Shares
of Rs. 100 each, fully paid up
8,400.0
Securities premium account
47,553.9
For further details please refer to the section titled “Capital Structure” on page 47 of the Prospectus - Tranche 3. For List of top 10
holders of Equity Shares,Compulsorily Convertible Cumulative Preferences Shares, Non Convertible Debentures and Commercial
Paper of the Company, please refer section titled “Capital Structure” on page 47 of the Prospectus - Tranche 3.
Long Term Debt - equity ratio: The long term debt to equity ratio of the Company prior to this Issue is based on a total long term
outstanding debt of Rs. 306,895.6 mil ion, and shareholders’ funds amounting to Rs. 112,115.2 mil ion which was 2.7 times as on
January 31, 2011. The long term debt to equity ratio post the Issue under this Prospectus – Tranche 3 and all pervious and
subsequent tranches, (assuming full subscription of Rs. 21,716.7 mil ion) is 2.9 times, based on a total long term outstanding
debt of Rs. 328,612.3 mil ion and shareholders’ fund (as on January 31, 2011) of Rs. 112,115.2 mil ion
OBJECTS OF THE ISSUE
Issue Proceeds: The Company has filed this Prospectus - Tranche 3 for a public issue of the Tranche 3 Bonds not
exceeding Rs. 21,716.7 mil ion for the financial year 2010-2011. The funds raised through this Issue wil be utilized towards
“infrastructure lending” as defined by the RBI in the regulations issued by it from time to time, after meeting the expenditures
of, and related to, the Issue.The Tranche 3 Bonds wil be in the nature of debt and wil be eligible for capital allocation and
accordingly wil be utilized in accordance with statutory and regulatory requirements including requirements of the RBI and
the Ministry of Finance. For further details, please refer page 61 of the Prospectus - Tranche 3.
Monitoring of Utilization of Funds: There is no requirement for appointment of a monitoring agency in terms of the
SEBI Debt Regulations. The Board of Directors of the Company shall monitor the utilisation of the proceeds of the
Issue. The Company will disclose in the Company’s financial statements for the relevant financial year commencing
from FY 2011, the utilization of the proceeds of the Issue under a separate head along with details, if any, in relation
to all such proceeds of the Issue that have not been utilized thereby also indicating investments, if any, of such
unutilized proceeds of the Issue. The Company shall also file these along with term sheets to the Infrastructure
Division, Department of Economic Affairs, Ministry of Finance, within three months from the end of financial year.
STATEMENT OF TAX BENEFITS: A. TAX BENEFITS TO RESIDENT BOND HOLDERS: Under Sections 80CCF,
80C, 80CCC, 80CCD, 80CCE, 197(1),15G, 197A(1A), 197A(1B) , 197A(1C) , 2(29A), 2(42A) , 112 of the I.T . Act. B.
WEALTH TAX: Under section 2(ea) of the Wealth-tax Act, 1957. C. GIFT TAX: Gift-tax is not levied on gift of Tranche
2 Bonds in the hands of the donor as well as the donee.
SUMMARY OF BUSINESS: Overview: We believe that we are a leading knowledge-driven financial services company in
India and play a central role in advancing infrastructure development in the country. We provide a full range of financing
solutions to our clients and believe that we distinguish ourselves from other financiers by having developed extensive
domain knowledge of infrastructure in India. We operate as a professionally managed commercial entity with the objective
of maximizing shareholder value. We were established in 1997 as a private sector enterprise by a consortium of public and
private investors and listed our Equity Shares in India pursuant to an initial public offering in August 2005. Following the
listing of our Equity Shares, we steadily broadened our business activities from project financing and government advisory
to cover a wide spectrum of financial intermediation services. The Government has identified infrastructure development
as a key priority in its five year plans. The Eleventh Five Year Plan (Fiscal 2008 to 2012) envisages investments of U.S.
$514.04 bil ion in the infrastructure sector. Given the scale of investment required, we expect a substantial proportion of the
investment to be met through private financing or PPP. We believe that given our history, capabilities and financial strength,
we are well placed to benefit from these opportunities, particularly with the increasingly conducive policy and regulatory
environment in India for infrastructure development. In this connection, we have been reclassified by the RBI as an
Infrastructure Finance Company, or IFC, which, among other things wil allow us to diversify our borrowings, access longterm funds to a greater extent and give us the flexibility to increase our exposures to borrowers and groups. We classify our
business into the following four broad platforms, through which we not only provide project finance but also arrange and
facilitate the flow of private capital to infrastructure development by creating appropriate structures and financing vehicles
for a wide range of market participants: Corporate Finance and Investment Banking, which includes our project finance,
principal investments and treasury operations, as well as the investment banking business of IDFC Capital and the
institutional brokerage business of IDFC Securities, which were acquired in 2007; Public Markets Asset Management,
which comprises the mutual funds business that we acquired from Standard Chartered Bank in 2008; Alternative Asset
Management, which includes our private asset management and project management businesses; and Advocacy and
Nation Building, through which we remain actively involved in providing policy formulation and advocacy, institutional
capacity building to structure public-private partnerships, government transaction advisory services and corporate social
responsibility initiatives. These business platforms are supported by a shared services platform that includes information
technology, human resources, legal and compliance, secretarial services, risk management, finance and facilities. Our
clients include prominent participants in infrastructure development in India and our product portfolio caters to the diverse
needs of these clients across all layers of the capital structure. Our main focus has been on the energy, transportation and
the telecommunications and information technology sectors, and we expect to see continued growth and significant
financing opportunities in these sectors. Our business has grown rapidly in recent years. Our balance sheet, total income
and profit after tax, on a consolidated basis, grew at a compounded annual growth rate of 9.5 per cent., 20.3 per cent. and
19.6 per cent., respectively, from fiscal 2008 to fiscal 2010. As of December 31, 2010, our gross and net non-performing
loans were Rs. 797.3 mil ion and Rs. 389.1 mil ion, respectively. These represent 0.2 per cent. and 0.1 per cent. of our total
loan assets, respectively. Our capital to risk-weighted asset ratio as of December 31, 2010 was 24.9 per cent. Our consolidated
return on average total assets in fiscal 2010 was 3.4 per cent and was 3.2 per cent as on December 31, 2010. Our long
term borrowings have been rated LAAA by ICRA and AAA (ind) by Fitch, which are the highest credit ratings awarded by
these rating agencies. For more details please refer on page 64 of the Prospectus - Tranche 3.
HISTORY AND MAIN OBJECTS :Our Company was incorporated as a public limited company on January 30, 1997 with its
registered office at Chennai and commenced business activities on February 13, 1997. IDFC was conceptualised to lead private
capital to commercial y viable infrastructure projects. Towards this objective, IDFC would nurture and develop bankable projects
and create innovative instruments that unbundle and mitigate the risks for investors in the infrastructure sector. IDFC’s role is to
complement existing institutions undertaking infrastructure financing with focus on strengthening market mechanisms where
these were evolving or had failed to develop. IDFC also works closely with the GOI and the state governments on conceptualizing
and formulating policies that would be conducive for private sector participation in the infrastructure sector. For details regarding
the Main Objects of the Company , please refer page 81 of the Prospectus - Tranche 3 .
Board of Directors : Name :Designation: Deepak S. Parekh, Occupation: Professional;Non-Executive Chairman;
Bimal Julka, Occupation: Servicel ; Non-Executive Director, nominee of GoI; S. S. Kohli, Occupation: Professional;
Non-Executive Director, nominee of GoI; Abdul Rahim Abu Bakar, Occupation: Company Executive; Non-Executive
Director, nominee of Domestic Institutions and Foreign Investors; Dimitris Tsitsiragos, Occupation: Company
Executive; Non-Executive Director, nominee of Domestic Institutions and Foreign Investors; S. H. Khan, Occupation:
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES, AS RESTATED
STOCK MARKET DATA FOR EQUITY SHARES AND DEBENTURES OF THE COMPANY
I. Equity Shares: The Company’s Equity Shares are listed on the BSE and NSE. As the Company’s shares are
actively traded on the BSE and NSE, stock market data has been given separately for each of these Stock Exchanges.
a. The high and low closing prices recorded on the BSE and NSE during the last three years and the number of Equity
Shares traded on the days the high and low prices were recorded are stated below. NSE: Year ended March 31;
High (Rs.); Date of High; Volume on date of high (no. of shares); Low (Rs.); Date of Low; Volume on date of
low (no. of shares); Average price for the year (Rs.): 2010; 178.00; November 18, 2009; 11,574,838; 57.60;
April 1; 9,071,380; 139.81; 2009; 180.70; May 2, 2008; 7,602,559; 44.80; March 12; 10,650,948; 90.52; 2008;
232.50; January 1, 2008; 9,187,155; 78.25; April 3; 3,032,386; 154.94. Source: www.nse-india.com; The average
price has been computed based on the daily closing price of Equity Shares.
BSE: Year ended March 31; High (Rs.); Date of High; Volume on date of high (no. of shares); Low (Rs.); Date of
Low; Volume on date of low (no. of shares); Average price for the year (Rs.): 2010; 177.40; November 18, 2009;
2,079,930; 57.55; April 1; 2,375,552; 139.76; 2009; 179.90; May 2, 2008; 2,185,415; 44.70; March 12; 16,117,046; 90.53;
2008; 232.10; January 2, 2008; 1,586,915; 78.05; April 3; 1,149,090; 154.89; Source: www.bseindia.com; The average
price has been computed based on the daily closing price of Equity Shares.
For details of the high and low prices and volume of Equity Shares traded on the respective dates during the last six months
refer page 98 of the Prospectus - Tranche 3.
II. Debentures: Debt securities issued by the Company, which are listed on NSE are infrequently traded with limited or no
volumes. Consequently, there has been no material fluctuation in prices or volumes of such listed debt securities. The
Bonds issued pursuant to Prospectus – Tranche 1 have been listed on the NSE and the BSE. There has been no trading
on the Bonds since its listing since there is a lock-in requirement of 5 years. Further, the Tranche 2 Bonds issued pursuant
to Prospectus – Tranche 2 wil be listed on the NSE and the BSE. There wil be no trading on the Tranche 2 Bonds after its
listing upto February 20, 2016 since there is a lock-in requirement of 5 years.
DESCRIPTION OF CERTAIN INDEBTEDNESS: Please refer to the page 100 of the Prospectus- Tranche 3
OUTSTANDING LITIGATION AND DEFAULTS: Except as described below, we are not involved in any legal proceedings, and
no proceedings are threatened, which may have, or have had, a material adverse effect on our business, properties, financial
condition or operations. We believe that the number of proceedings in which we are involved in is not unusual for a company of
its size in the context of doing business in India. For futher details, refer page 102 of the Prospectus - Tranche 3.
OTHER REGULATORY AND STATUTORY DISCLOSURES
Authority for the Issue:The Board of Directors, at its meeting held on August 4, 2010, has approved the issue, in one or
more tranches, of secured, redeemable, non-convertible debentures having benefits under Section 80CCF of the Income
Tax Act of face value of Rs. 5,000 each, for an amount not exceeding Rs. 34,000 mil ion for the financial year 2010-2011.
Out of the overall limit of Rs. 34,000 mil ion, the Company has on November 12, 2010, and on February 21, 2011 issued
Bonds for an aggregate amount of Rs. 4,710.4 mil ion and Rs. 7,572.9 mil ion through a public issue of Bonds in terms of
Prospectus – Tranche 1 and Prospectus – Tranche 2, respectively. The third tranche of the Bonds shall be issued on the
terms set out in this Prospectus – Tranche 3 for an amount not exceeding Rs. 21,716.7 mil ion. In terms of the Notification,
the aggregate volume of issuance of long term infrastructure bonds (having benefits under Section 80CCF of the Income
Tax Act) by the Company during the fiscal year 2011 shall not exceed 25% of the incremental infrastructure investment
made by the Company during the fiscal year 2010. For the purpose of calculating the incremental infrastructure investment,
the aggregate gross infrastructure investments made by the Company during the financial year 2009-2010 was considered
which were Rs. 138,614.40 mil ion and hence the limit for this Issue, along with the previous tranche and all other subsequent
tranches, is Rs. 34,000 mil ion.
Eligibility to come out with the Issue :The Company has not been restrained, prohibited or debarred by SEBI from
accessing the securities market or dealing in securities and no such order or direction is in force.
Consents: Consents in writing of: (a) the Directors, the Compliance Officer, the Statutory Auditors, Bankers to the Issue
and Bankers to the Company; and (b) Lead Managers, Lead Brokers, Registrar to the Issue, Legal Advisors to the Issue,
Credit Rating Agency and the Debenture Trustee to act in their respective capacities, have been obtained and shall be filed
INFRASTRUCTURE DEVELOPMENT FINANCE COMPANY LIMITED
●
●
●
●
8
Professional; Independent Director; Gautam Kaji, Occupation: Professional, Independent Director; Donald Peck,
Occupation: Professional; Independent Director; Shardul Shroff, Occupation: Professional; Independent Director;
Omkar Goswami, Occupation: Professional; Independent Director; Rajiv B. Lall, Occupation: Company Executive;
Managing Director and chief executive officer; Vikram Limaye, Occupation: Company Executive Whole-time Director.
For details of our Directors please refer section “Our Management” on page 84 of the Prospectus - Tranche 3.
Committees of the Board of Directors : The Board has constituted committees of Directors, each of which functions
in accordance with the relevant provisions of the Companies Act and the Equity Listing Agreements. These include,
(i) Audit Committee, (ii) Nomination Committee; (ii ) Investors’ Grievance Committee, and (iv) Compensation Committee.
OUR SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES: For a list of the Subsidiaries, Associates
and Joint Venture Companies of the Company, please refer page 97 of the Prospectus - Tranche 3.
FINANCIAL INFORMATION
STATEMENT OF CONSOLIDATED PROFITS, AS RESTATED
along with a copy of the Prospectus - Tranche 3 with the Registrar of Companies, Tamil Nadu. IDBI Trusteeship Services
Limited has given its consent for appointment as Debenture Trustee under regulation 4(4) of the SEBI Debt Regulations.
Expert Opinion:The Company has not obtained any expert opinions.
Common form of Transfer: The Company undertakes that there shall be a common form of transfer for the Tranche 3
Bonds held in physical form and the provisions of the Companies Act and all applicable laws shall be duly complied with in
respect of all transfer of the Tranche 3 Bonds and registration thereof.
Minimum Subscription:In terms of the SEBI Debt Regulations, an issuer undertaking a public issue of debt securities is
required to disclose the minimum amount of subscription that it proposes to raise through the issue in the offer document.
In the event that an issuer does not receive the minimum subscription disclosed in the offer, all application moneys received
in the public issue are required to be refunded forthwith. SEBI has, by way of letter no. IMD/DF1/OW/17383/2010 dated
August 25, 2010, exempted the Company from specifying the minimum level of subscription for the Issue. Consequently,
there is no minimum subscription amount for the Tranche 3 Bonds.
Previous Public or Rights Issues by the Company during last five years: Other than the public issue of Bonds under
the first tranche on the terms set out in Prospectus – Tranche 1 for an amount aggregating to Rs. 4,710.4 mil ion and the
public issue of Tranche 2 Bonds under the second tranche on the terms set out in Prospectus – Tranche 2 for an amount
aggregating to Rs. 7,572.9 mil ion, the Company has not undertaken any public or rights issue during the last five years.
Commission or Brokerage on Previous Public Issues: The Company paid an aggregate amount of Rs. 340.6 mil ion
on account of fees for management, underwriting and selling commission, and out of pocket expenses in relation to its
public offer of equity shares undertaken in August 2005. The Company paid an aggregate amount of approximately Rs.
340.5 mil ion and Rs. 315.70 mil ion on account of fees for management, underwriting and selling commission, and out of
pocket expenses in relation to its public offer of Bonds undertaken in terms of Prospectus – Tranche 1 and Prospectus –
Tranche 2, respectively.
Details regarding the capital issue during the last three years by listed companies, which may be considered
under the same management with the Company, within the meaning of section 370(1B) of the Act : None of the
companies under the same management with the Company, within the meaning of section 370(1B) of the Companies Act,
are listed.
Change in auditors of the Company during the last three years: The Company has not changed its Statutory Auditors
during the last three years.
Revaluation of assets: The Company has not revalued its assets in the last five years.
Utilisation of Proceeds: Statement by the Board of Directors: (i) All monies received out of the Issue of the Tranche 3
Bonds to the public shall be transferred to a separate bank account other than the bank account referred to in sub-section
(3) of section 73 of the Companies Act; (ii) Details of all monies utilised out of the Issue referred to in sub-item (i) shall be
disclosed under an appropriate separate head in our balance sheet indicating the purpose for which such monies were
utilised; and (iii) Details of all unutilised monies out of the Issue referred to in sub-item (i), if any, shall be disclosed under an
appropriate separate head in our balance sheet indicating the form in which such unutilised monies have been invested.
The funds raised by us from previous bonds issues have been utilised for our business as stated in the respective offer
documents.
Disclaimer clause of NSE:AS REQUIRED, ACOPY OF THIS OFFER DOCUMENT HAS BEEN SUBMITTED TO NATIONAL
STOCK EXCHANGE OF INDIA LIMITED (HEREINAFTER REFERRED TO AS NSE). NSE HAS GIVEN VIDE ITS LETTER
REF.: NSE/LIST/147588-P DATED SEPTEMBER 23, 2010 PERMISSION TO THE ISSUER TO USE THE EXCHANGE’S
NAME IN THIS OFFER DOCUMENT AS ONE OF THE STOCK EXCHANGES ON WHICH THIS ISSUER’S SECURITIES
ARE PROPOSED TO BE LISTED. THE EXCHANGE HAS SCRUTINIZED THIS DRAFT OFFER DOCUMENT FOR ITS
LIMITED INTERNAL PURPOSE OF DECIDING ON THE MATTER OF GRANTING THE AFORESAID PERMISSION TO
THIS ISSUER. IT IS TO BE DISTINCTLY UNDERSTOOD THAT THEAFORESAID PERMISSION GIVEN BY NSE SHOULD
NOT INANY WAY BE DEEMED OR CONSTRUED THAT THE OFFER DOCUMENT HAS BEEN CLEARED ORAPPROVED
BYNSE;NORDOESITINANYMANNERWARRANT,CERTIFYORENDORSETHECORRECTNESSORCOMPLETENESS
OFANYOF THE CONTENTS OF THIS OFFER DOCUMENT; NOR DOES IT WARRANT THAT THIS ISSUER’S SECURITIES
WILLBE LISTED OR WILL CONTINUE TO BE LISTED ON THE EXCHANGE; NOR DOES IT TAKEANY RESPONSIBILITY
FOR THE FINANCIAL OR OTHER SOUNDNESS OF THIS ISSUER, ITS PROMOTERS, ITS MANAGEMENT OR ANY
SCHEME OF PROJECT OF THIS ISSUER. EVERYPERSON WHO DESIRES TOAPPLYFOR OR OTHERWISE ACQUIRE
ANY SECURITIES OF THIS ISSUER MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATION AND
ANALYSIS AND SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGE WHATSOEVER BY REASON OF ANY
LOSS WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH SUCH
SUBSCRIPTION/ACQUISITION WHETHER BY REASON OFANYTHING STATED OR OMITTED TO BE STATED HEREIN
OR ANY OTHER REASON WHATSOEVER.”
Disclaimer clause of BSE: BOMBAY STOCK EXCHANGE (“THE EXCHANGE”) HAS GIVEN VIDE ITS LETTER
DATED SEPTEMBER 21, 2010, PERMISSION TO THIS COMPANY TO USE THE EXCHANGE’S NAME IN THIS
OFFER DOCUMENT AS ONE OF THE STOCK EXCHANGES ON WHICH THIS COMPANY’S SECURITIES ARE
PROPOSED TO BE LISTED. THE EXCHANGE HAS SCRUTINUZED THIS OFFER DOCUMENT FOR ITS LIMITED
INTERNAL PURPOSE OF DECIDING ON THE MATTER OF GRANTING THE AFORESAID PERMISSION TO THIS
COMPANY. THE EXCHANGE DOES NOT IN ANY MANNER:(I) WARRANT, CERTIFY OR ENDORSE THE
CORRECTNESS OR COMPLETENESS OFANYOF THE CONTENTS OF THIS OFFER DOCUMENT; OR (II) WARRANT
THAT THIS COMPANY’S SECURITIES WILL BE LISTEDAND WILL CONTINUE TO BE LISTED ON THE EXCHANGE;
OR (III) TAKE ANY RESPONSIBILITY FOR THE FINANCIAL OR OTHER SOUNDNESS OF THIS COMPANY, ITS
PROMOTERS, ITS MANAGEMENT OR ANY SCHEME OR PROJECT OF THIS COMPANY, AND IT SHOULD NOT
FOR ANY REASON BE DEEMED OR CONSTRUED THAT THIS OFFER DOCUMENT HAS BEEN CLEARED OR
APPROVED BY THE EXCHANGE. EVERY PERSON WHO DESIRES TO APPLY FOR OF OTHERWISE ACQUIRES
ANY SECURITIES OF THIS COMPANY MAY DO SO PURSUANT TO INDEPENDENT INQUIRY, INVESTIGATIN AND
ANALYSIS AND SHALL NOT HAVE ANY CLAIM AGAINST THE EXCHANGE WHATSOEVER BY REASON OF ANY
LOSS WHICH MAY BE SUFFERED BY SUCH PERSON CONSEQUENT TO OR IN CONNECTION WITH SUCH
SUBSCRIPTION/ACQUISITION WHETHER BY REASON OF ANYTHING STATED OR OMITTED TO BE STATED
HEREIN OF FOR ANY OTHER REASON WHATSOEVER
Disclaimer clause of RBI : THE COMPANY IS HAVING A VALID CERTIFICATE OF REGISTRATION DATED JUNE
23, 2010 ISSUED BY THE RESERVE BANK OF INDIA UNDER SECTION 45I-A OF THE RESERVE BANK OF INDIA
ACT, 1934. HOWEVER, THE RESERVE BANK OF INDIA DOES NOT ACCEPT ANY RESPONSIBILITY OR
GUARANTEE ABOUT THE PRESENT POSITION AS TO FINANCIAL SOUNDNESS OF THE COMPANY OR
CORRECTNESS OF ANY OF THE STATEMENTS OR REPRESENTATIONS MADE OR OPINIONS EXPRESSED BY
THE COMPANY AND FOR REPAYMENT OF DEPOSITS / DISCHARGE OF LIABILITIES BY THE COMPANY.
Listing : The Tranche 3 Bonds wil be listed on NSE and BSE. If the permissions to deal in and for an official quotation of
the Tranche 3 Bonds are not granted by the Stock Exchanges, the Company shall forthwith repay, without interest, all such
moneys received from the Applicants in pursuance of the Prospectus - Tranche 3. If such money is not repaid within eight
days after the Company becomes liable to repay it (i.e. from the date of refusal or within seven days from the Issue Closing
Date, whichever is earlier), then the Company and every Director of the Company who is an officer in default shall, on and
from such expiry of eight days, be liable to repay the money, with interest at the rate of 15% p.a. on application money, as
prescribed under Section 73 of the Companies Act. The Company shall ensure that all steps for the completion of the
necessary formalities for listing and trading permission of Tranche 3 Bonds on the Stock Exchange(s) mentioned above
are taken within 7 Working Days from the date of Allotment.
Dividend : The following table sets forth certain details regarding the dividend paid by the Company on the Equity Shares
for Fiscal 2008, 2009 and 2010: (In Rs. mil ion, except per share data): Particulars; Fiscal 2008; Fiscal 2009;
Fiscal 2010: Face value of Equity Shares (Rs. per share); 10; 10; 10; Interim dividend on Equity Shares (Rs. per share);
-; -; -; Final dividend of Equity Shares (Rs. per share); 1.2; 1.2; 1.5; Total dividend on Equity Shares; 1,555.7; 1,555.5;
1,951.3; Dividend tax (gross); 264.4; 264.3; 324.1.
Mechanism for redressal of investor grievances : Karvy Computershare Private Limited has been appointed as the
Registrar to the Issue to ensure that investor grievances are handled expeditiously and satisfactorily and to effectively deal
with investor complaints. All grievances relating to the Issue should be addressed to the Registrar to the Issue giving full
details of the Applicant, number of Tranche 3 Bonds applied for, amount paid on application and the bank branch or
collection centre where the application was submitted etc.
MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION: Copy of Material Contracts and other Documents
refer of page 143 of the Prospectus - Tranche 3 may be inspected at the Corporate Office of the Company situated at
Naman Chambers, C-32, G-Block, Bandra-Kurla Complex, Bandra (East), Mumbai 400 051, from 10.00 a.m. to 1.00 p.m.,
from the date of this Prospectus - Tranche 3 until the date of closure of the Issue.
DECLARATION: No statements made in this Prospectus - Tranche 3 shall contravene relevant provisions of the Act and
the SEBI Debt Regulations. All the legal requirements connected with the said Issue as also the guidelines, instructions etc.
issued by SEBI, Government and any other competent authority in this behalf have been duly complied with. We confirm
that this Prospectus - Tranche 3 does not omit disclosure of any material fact which may make the statements made
therein, in light of circumstances under which they were made, misleading. We further certify that all statements in this
Prospectus - Tranche 3 are true and correct.
Yours faithfully,
Deepak S. Parekh, Bimal Julka, S.S. Kohli, Abdul Rahim Abu Bakar, Dimitris Tsitsiragos, S.H. Khan, Gautam Kaji,
Donald Peck, Shardul Shroff, Omkar Goswami , Rajiv B. Lall , Vikram Limaye
Place: Mumbai.
Date: February 21, 2011
FOR FURTHER DETAILS, PLEASE REFER TO THE PROSPECTUS - TRANCHE 3