INDIAN RAILWAY FINANCE CORPORATION LIMITED

iii. In the event, there are more than one Applicant whose entitlement remains equal after the manner ofdistribution referred to above, our Company will ensure that the basis of allotment is finalised by draw oflots in a fair and equitable manner.(f) Applicants applying for more than one Series of Bonds:If an Applicant has applied for more than one Series of Bonds, and in case such Applicant is entitled toallocation of only a part of the aggregate number of Bonds applied for, the Series-wise allocation of Bondsto such Applicants shall be in proportion to the number of Bonds with respect to each Series, applied for bysuch Applicant, subject to rounding off to the nearest integer, as appropriate, in consultation with the LeadManagers and the NSE.All decisions pertaining to the basis of allotment of Bonds pursuant to the Issue shall be taken by ourCompany in consultation with the Lead Managers, and the Designated Stock Exchange and in compliancewith the aforementioned provisions of this Prospectus Tranche – I. Our Company will allot Tranche- 1Series II Bonds to all valid Applications, wherein the Applicants have not indicated their choice of Series ofBonds.Our Company would allot Tranche 1 Series II Bonds to all valid Applications, wherein the Applicants have notindicated their choice of Series of Bonds.Further, pursuant to the exemption received by our Company from SEBI by its letter (IMD/ DoF-1/DEBT/SP/JK/27253/2012) dated December 7, 2012, the Allotment in the Issue shall be made on the basis ofdate of upload of each Application into the electronic book of the Stock Exchanges. However, on the date ofover subscription, Allotment shall be made on proportionate basis.Investor Withdrawals and Pre-closureWithdrawal of Applications during the Issue PeriodWithdrawal of ASBA ApplicationsASBA Applicants can withdraw their Applications during the Issue Period by submitting a request for the sameto the Member of the Syndicate, Trading Member or Designated Branch of an SCSB, as the case may be,through whom the ASBA Application had been made. In case of ASBA Applications submitted to the Membersof the Syndicate or Trading Members at the Syndicate ASBA Application Locations, upon receipt of the requestfor withdrawal from the ASBA Applicant, the relevant Member of the Syndicate or Trading Member, as thecase may be, shall undertake requisite actions, including deleting details of the withdrawn ASBA ApplicationForm from the electronic platform of the Stock Exchanges. In case of ASBA Applications submitted directly toa Designated Branch of an SCSB, upon receipt of the request for withdrawal from an ASBA Applicant, therelevant Designated Branch shall undertake requisite actions, including deleting details of the withdrawn ASBAApplication Form from the electronic platform of the Stock Exchanges and un-blocking of the funds in theASBA Account directly.Withdrawal of non – ASBA ApplicationsNon-ASBA Applicants can withdraw their Applications during the Issue Period by submitting a request for thesame to the Member of the Syndicate or Trading Member, as the case may be, through whom the Applicationhad been made. Upon receipt of the request for withdrawal from the Applicant, the relevant Member of theSyndicate or Trading Member, as the case may be, shall undertake requisite actions, including deleting details ofthe withdrawn Application Form from the electronic platform of the Stock Exchanges.Withdrawal of Applications after the Issue PeriodIn case an Applicant wishes to withdraw an Application after the Issue Closing Date, the same can be done bysubmitting a withdrawal request to the Registrar to the Issue prior to the finalization of the Basis of Allotment.Pre-closure: The Issue shall remain open for subscription from 10:00 A.M. to 5:00 P.M during the periodindicated above, with an option for early closure (subject to the Issue being open for a minimum of 3 days and83