INDIAN RAILWAY FINANCE CORPORATION LIMITED

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TABLE OF CONTENTSDEFINITIONS AND ABBREVIATIONS ......................................................................................................... 3CERTAIN CONVENTIONS, USE OF FINANCIAL INFORMATION, INDUSTRY AND MARKET DATAAND CURRENCY OF PRESENTATION ....................................................................................................... 10FORWARD-LOOKING STATEMENTS ........................................................................................................ 11RECENT DEVELOPMENT ............................................................................................................................ 12THE ISSUE ...................................................................................................................................................... 13GENERAL INFORMATION ........................................................................................................................... 19OBJECTS OF THE ISSUE ............................................................................................................................... 28STATEMENT OF TAX BENEFITS ................................................................................................................ 31OTHER REGULATORY AND STATUTORY DISCLOSURES .................................................................... 35ISSUE STRUCTURE ....................................................................................................................................... 40TERMS OF THE ISSUE ................................................................................................................................... 46ISSUE PROCEDURE ....................................................................................................................................... 59MATERIAL CONTRACTS AND DOCUMENTS FOR INSPECTION .......................................................... 86DECLARATION .............................................................................................................................................. 88ANNEXURE I SHELF PROSPECTUS DATED DECEMBER 21, 20122
DEFINITIONS AND ABBREVIATIONSThis Prospectus Tranche-1 uses certain definitions and abbreviations which, unless the context indicates orimplies otherwise, have the meaning as provided below. References to statutes, rules, regulations, guidelinesand policies will be deemed to include all amendments and modifications notified thereto.Company Related TermsTermArticles/Articles ofAssociation/our ArticlesAuditors/ Statutory AuditorsBoard/Board of Directors/our BoardCompany/IRFC/theIssuer/our Company/theCompany/the Corporation/we/us/ourDirector(s)Memorandum/Memorandum ofAssociation/ourMemorandum/MoARegistered and CorporateOfficeRoCDescriptionThe articles of association of our Company, as amended.The statutory auditor of our Company, being M/s Bansal Sinha & Co.The board of directors of our Company.Indian Railway Finance Corporation Limited, a public limited company incorporated underthe Companies Act 1956.The director(s) on our Board.The memorandum of association of our Company, as amended from time to time.UG Floor, East Tower, NBCC Place, Pragati Vihar, Lodhi Road, New Delhi 110 003, India.Registrar of Companies, National Capital Territory of Delhi and Haryana.Issue Related TermsTermAllotted/Allotment/AllotAllotment AdviceAllotteeApplicant/ InvestorApplicationApplication AmountApplication FormApplication Supported byBlocked Amount/ASBA/ASBA ApplicationASBA AccountASBA ApplicantBankers to the Issue /Escrow Collection BanksBase Issue SizeBasis of AllotmentBond Certificate(s)Bondholder(s)DescriptionThe issue and allotment of the Bonds to successful Applicants, pursuant to this Tranche-1IssueThe communication sent to the Allottees conveying the details of Bonds allotted to theAllottees in accordance with the Basis of Allotment.A successful Applicant to whom the Bonds are Allotted pursuant to the Issue, either in fullor in part.A person who makes an offer to subscribe the Bonds pursuant to the terms of the ShelfProspectus and Prospectus Tranche-1 and Application Form.An application to subscribe to Bonds offered pursuant to the Issue by submission of a validApplication Form and payment of the Application Amount by any of the modes asprescribed under the relevant Tranche Prospectus(es).The aggregate value of the Bonds applied for, as indicated in the Application Form forTranche Issue.The form in terms of which the Applicant shall make an offer to subscribe to the Bondsthrough the ASBA or non-ASBA process, in terms of the Shelf Prospectus and ProspectusTranche - 1An Application (whether physical or electronic) used by an ASBA Applicant to make anApplication by authorizing the SCSB to block the Application Amount in the specified bankaccount maintained with such SCSB.An account maintained with a SCSB which will be blocked by such SCSB to the extent ofthe Application Amount mentioned in the Application Form by an ASBA ApplicantAny applicant who applies for the Bonds through the ASBA Process.The banks which are clearing members and registered with SEBI as bankers to the Issue,with whom the Escrow Accounts and/or Public Issue Accounts and/or Refund Accounts willbe opened and in this case being Axis Bank Limited, ICICI Bank Limited, IDBI BankLimited, IndusInd Bank Limited, Kotak Mahindra Bank Limited, Punjab National Bank,Yes Bank Limited and HDFC Bank Limited` 1,00,000 LakhsThe basis on which the Bonds will be allotted to successful Applicants under the Issue andwhich is described in “Issue Procedure – Basis of Allotment” on page 82.Certificate issued to the Bondholder(s) in case the Applicant has opted for physical bonds onallotment or pursuant to rematerialisation of Bonds based on request from theBondholder(s).Any person holding the Bonds and whose name appears on the beneficial owners listprovided by the Depositories (in case of bonds held in dematerialized form) or whose nameappears in the Register of Bondholders maintained by the Issuer (in case of bonds held inphysical form).3
Page 4 and 5: TermDescriptionBonds / Tax Free Bon
Page 6 and 7: TermNSEProspectus Tranche -1Public
Page 8 and 9: AbbreviationFull FormGoI or Governm
Page 10 and 11: CERTAIN CONVENTIONS, USE OF FINANCI
Page 12 and 13: RECENT DEVELOPMENTThe Company has o
Page 14 and 15: BSE is the Designated Stock Exchang
Page 16 and 17: yield as a result of suchdiscountMi
Page 18 and 19: OptionsSeries of BondsTranche 1 Ser
Page 20 and 21: UG Floor, East Tower,NBCC Place, Pr
Page 22 and 23: tanto from any liability to the Bon
Page 24 and 25: Refund BankState Bank of India*Capi
Page 26 and 27: 1. CRISIL has reaffirmed the credit
Page 28 and 29: OBJECTS OF THE ISSUEIssue ProceedsT
Page 30 and 31: directly by the SCSBs, the relevant
Page 32 and 33: debentures and subject to such cond
Page 34 and 35: Provided further that this clause s
Page 36 and 37: under Regulation 4(4) and also in a
Page 38 and 39: SHALL NOT HAVE ANY CLAIM AGAINST TH
Page 40 and 41: ISSUE STRUCTUREThe CBDT has, by the
Page 42 and 43: Category-IV (Retail Individual Inve
Page 44 and 45: Bonds including interest on Bonds (
Page 46 and 47: TERMS OF THE ISSUEThe Bonds being o
Page 48 and 49: shall be treated for all purposes b
Page 50 and 51: 6. Deemed Date of AllotmentDeemed D
Page 52 and 53:
9. Redemptiondispatched/credited (i
Page 54 and 55:
(iii) NEFT - Payment of refund shal
Page 56 and 57:
name of the deceased Bondholder aft
Page 58 and 59:
If any Consolidated Bond Certificat
Page 60 and 61:
Mutual Funds; andAlternative Invest
Page 62 and 63:
ASBA Applications in electronic mod
Page 64 and 65:
An FII who purchases the Bonds unde
Page 66 and 67:
(ii) amount and date of receipt of
Page 68 and 69:
Applications cannot be made by:(a)
Page 70 and 71:
Instructions for completing the App
Page 72 and 73:
(b) The Stock Exchanges will offer
Page 74 and 75:
Do not submit the GIR number instea
Page 76 and 77:
egistered leave and license agreeme
Page 78 and 79:
OTHER INSTRUCTIONSJoint Application
Page 80 and 81:
esidents/citizens of the USA, and/o
Page 82 and 83:
Category I (QIB Portion)20% of the
Page 84 and 85:
Category IV portion being fully sub
Page 86 and 87:
MATERIAL CONTRACTS AND DOCUMENTS FO
Page 88 and 89:
DECLARATIONWe, the Directors of the
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INDIAN RAILWAY FINANCE CORPORATION LIMITED

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