DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis

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IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS Please note that as per Para 4 of SEBI Circular No. CIR/CFD/ DIL/12/2012 dated September 13, 2012, for making Applications by banks on own account using ASBA facility, SCSBs should have a separate account in own name with any other SEBI registered SCSB/s. Such account shall be used solely for the purpose of making Application in public issues and clear demarcated funds should be available in such account for ASBA applications. PROCEDURE FOR APPLICATION 5. Availability of Abridged Prospectus and Application Forms Physical copies of the Abridged Prospectus containing salient features of the Prospectus together with Application Forms may be obtained from: (a) The Company’s Registered and Corporate Office; (b) Offices of the Lead Managers; (c) Trading Members of the Stock Exchanges; and (d) Designated Branches of SCSBs. Electronic Application Forms will be available on the websites of the Stock Exchanges and the SCSBs that permit submission of ASBA Applications electronically. A unique application number (“UAN”) will be generated for every Application Form downloaded from the websites of the Stock Exchanges. Hyperlinks to the websites of the Stock Exchanges for this facility will be provided on the websites of the Lead Managers and the SCSBs. The Company may also provide Application Forms for being downloaded and filled at such website as it may deem fit. In addition, online beneficiary account portals may provide a facility of submitting Application Forms online to their account holders. Trading Members of the Stock Exchanges can download Application Forms from the websites of the Stock Exchanges. Further, Application Forms will be provided to Trading Members of the Stock Exchanges at their request. On a request being made by any Applicant before the Issue Closing Date, physical copies of the Prospectus and Application Form can be obtained from the Company’s Registered and Corporate Office, as well as offices of the Lead Managers. Electronic copies of the Prospectus will be available on the websites of the Lead Managers, the Designated Stock Exchange, SEBI and the SCSBs. 6. Who Can Apply Category I (“Qualified Institutional Buyers”) (“QIBs”)* • Public financial institutions specified in Section 4A of the Companies Act, • Scheduled commercial banks, • Mutual funds registered with SEBI, • Multilateral and bilateral development financial institutions, • State industrial development corporations, • Insurance companies registered with the Insurance Regulatory and Development Authority, • Provident funds with a minimum corpus of ` 250 million, • Pension funds with a minimum corpus of ` 250 million, • The National Investment Fund set up by resolution F. No. 2/ 3/2005-DD-II dated November 23, 2005 of the GoI, published in the Gazette of India, • Insurance funds set up and managed by the army, navy, or air force of the Union of India and • Insurance funds set up and managed by the Department of Posts, India. Category II (“Domestic Corporates”)* • Companies within the meaning of section 3 of the Companies Act and bodies corporate registered under the applicable laws in India and authorized to invest in Bonds including limited liability partnership(s) registered under the Limited Liability Partnership Act, 2008 and Major Port Trusts under the Major Port Trusts Act, 1963 Category III (“High Networth Individuals”) (“HNIs”) • The following investors applying for an amount aggregating to more than ` 10 lakhs in the Issue • Resident Individual Investors • Hindu Undivided Families applying through the Karta Category IV(“Retail Individual Investors”) (“RIIs”)* • The following investors applying for an amount aggregating up to and including ` 10 lakhs in the Issue • Resident Individual Investors • Hindu Undivided Families through the Karta * With respect to the provisions of Section 372A(3) of Companies Act, it may be noted that the RBI has through its circular (Circular No. DBOD.No.Ret.BC. 77/12.01.001/2012-13) dated January 29, 2013 revised the Bank Rate from 9.00% to 8.75% w.e.f. January 29, 2013. Coupon rate on the Bonds shall be determined in pursuant of the Notification. Although the coupon rate offered on Bonds may be lower than the prevailing bank rate, it may be noted that since these are tax-free bonds, the gross/pre-tax yield to the investors may be higher, depending upon the applicable tax rates. Companies other than banking companies, insurance companies and other companies as mentioned in Section 372A(3) of the Companies Act may however seek independent opinion from their legal counsels about the eligibility to make an application for the Bonds. Participation of any of the aforementioned persons or entities is subject to the applicable statutory and/or regulatory requirements in connection with the subscription to Indian securities in the nature of the Bonds by such persons or entities. Applicants are advised to ensure that Applications made by them do not exceed the investment limits under applicable statutory and or regulatory provisions. Applicants are advised to ensure that they have obtained the necessary statutory and/or regulatory permissions/consents/approvals in connection with applying for, subscribing to, or seeking Allotment of Bonds pursuant to the 8 DREDGING CORPORATION OF INDIA LIMITED
IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS Issue. The Lead Managers and their respective associates and affiliates are permitted to subscribe in the Issue. 7. Persons not eligible to Apply The following persons and entities will not be eligible to participate in the Issue and any Applications from such persons and entities are liable to be rejected: • Minors without a guardian name. • Foreign nationals (including NRIs, persons resident outside India, Foreign Institutional Investors, Qualified Foreign Investors). • Venture Capital Funds and Foreign Venture Capital Investors. • Overseas corporate bodies (“OCBs”). • Co-operative Societies • Regional rural banks. • Societies. • Public/private charitable/religious trusts (other than Major port Trusts). • Scientific and/or industrial research organizations. • Partnership firms. • Persons ineligible to contract under applicable statutory/ regulatory requirements. • Any other category of investors not mentioned in Categories I, II, III and IV above. Based on information provided by the Depositories, the Company will have the right to accept Applications belonging to an account for the benefit of a minor (under guardianship). In case of Applications for Allotment of Bonds in dematerialised form, the Registrar to the Issue shall verify the foregoing on the basis of records provided by the Depositories based on the DP ID and Client ID provided by the Applicants in the Application Form and uploaded to the electronic system of the Stock Exchanges. 8. Modes of Making Applications Applicants may use any of the following facilities for making Applications: (a) ASBA Applications through the Members of the Syndicate or Trading Members of the Stock Exchanges only in the Specified Cities (“Syndicate ASBA”). See “Issue Procedure- Submission of ASBA Applications” on page 135 of the Prospectus; (b) ASBA Applications for Allotment only in dematerialized form through Designated Branches of SCSBs. See “Issue Procedure - Submission of ASBA Applications” on page 135 of the Prospectus; (c) Non-ASBA Applications through Members of the Syndicate or Trading Members of the Stock Exchanges at centres mentioned in the Application Form. See “Issue Procedure - Submission of Non-ASBA Applications” on page 136 of the Prospectus; and (d) Non-ASBA Applications for Allotment in physical form through the Members of the Syndicate or Trading Members of the Stock Exchanges at centres mentioned in the Application Form. See “Issue Procedure - Submission of Non- ASBA Applications for Allotment of the Bonds in physical form” on page 134 of the Prospectus. Applications by certain categories of Applicants 9. Application by Major Port Trusts In case of Applications by Major Port Trust authorised to invest in the Bonds, the Application Form must be accompanied by certified true copies of: (i) resolution of the board of trustees authorising investments; and (ii) approval from the Central Government to invest in the Bonds or such category of securities. Failing this, the Company reserves the right to accept or reject any Applications in whole or in part, in either case, without assigning any reason therefor. 10. Applications by Mutual Funds No MF scheme may invest more than 15% of its NAV in debt instruments issued by a single company which are rated not below investment grade by a credit rating agency authorised to carry out such activity. Such investment limit may be extended to 20% of the NAV of the scheme with the prior approval of the board of trustees and the board of the asset management company (“AMC”). A separate Application can be made in respect of each scheme of an MF; such Applications will not be treated as multiple Applications. Applications made by the AMCs or custodians of an MF must clearly indicate the name of the scheme for which Application is being made. In case of Applications made by MFs, the Application Form must be accompanied by certified true copies of their (i) SEBI registration certificate; (ii) trust deed (ii) resolution authorising investment and containing operating instructions; and (iv) specimen signatures of authorised signatories. Failing this, the Company reserves the right to accept or reject any Application in whole or in part, in either case, without assigning any reason therefor. 11. Application by Alternative Investment Funds Applications made by Alternative Investments Funds eligible to invest in accordance with the Securities and Exchange Board of India (Alternative Investment Fund) Regulations, 2012, as amended (the “SEBI AIF Regulations”) for Allotment of the Bonds must be accompanied by certified true copies of (i) SEBI registration certificate; (ii) a resolution authorising investment and containing operating instructions; and (iii) specimen signatures of authorised persons. Failing this, our Company reserves the right to accept or reject any Applications for Allotment of the Bonds in whole or in part, in either case, without assigning any reason thereof. The Alternate Investment Funds shall at all times comply with the requirements applicable to it under the SEBI AIF Regulations and the relevant notifications issued by SEBI. DREDGING CORPORATION OF INDIA LIMITED 9
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DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis

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