TRANSPORT

in the nature of FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUSon first come first serve basis (determined on the basis of theupload of each Application into the electronic book of theStock Exchange);(ii) Applicants belonging to the Non Institutional Portion, inthe first instance, will be allocated NCDs upto 10% of IssueSize on first come first serve basis (determined on the basisof the upload of each Application into the electronic book ofthe Stock Exchange);(iii) Applicants belonging to the HNI Portion, in the firstinstance, will be allocated NCDs upto 30% of Issue Size onfirst come first serve basis (determined on the basis of theupload of each Application into the electronic book of theStock Exchange);(iv) Applicants belonging to the Retail Individual Portion, inthe first instance, will be allocated NCDs upto 50% of IssueSize on first come first serve basis (determined on the basisof the upload of each Application into the electronic book ofthe Stock Exchange);Allotments, in consultation with the Designated StockExchange, shall be made on a first-come first-serve basis, basedon the upload of each Application into the electronic book of theStock Exchange, in each Portion subject to the Allocation Ratio.(b) Under Subscription: If there is any under subscriptionin any Portion, priority in allotments will be given in thefollowing order (in decreasing order of priority):(i) Retail Individual Portion(ii) HNI Portion(iii) Non Institutional Portion(iv) Institutional Portion(c) For each Portion, all Applications uploaded into theelectronic book of the Stock Exchange on the same daywould be treated at par with each other. Allotment within aday would be on proportionate basis, where NCDs appliedfor exceeds NCDs to be allotted for each Portion respectively.(d) Minimum allotments of 1 NCD and in multiples of 1 NCDthereafter would be made in case of each valid Application.(e) Allotments in case of oversubscription: In case of anoversubscription, allotments to the maximum extent, aspossible, will be made on a first-come first-serve basis andthereafter on proportionate basis in each Portion, i.e. fullallotment of NCDs to the Applicants on a first come firstbasis up to the date falling 1 (one) day prior to the date ofoversubscription and proportionate allotment of NCDs tothe Applicants on the date of oversubscription (determinedon the basis of the upload of each Application into theelectronic book of the Stock Exchange, in each Portion).(f) Proportionate Allotments: For each Portion, on the dateof oversubscription:i) Allotments to the Applicants shall be made in proportionto their respective application size, rounded off to the nearestinteger.ii) If the process of rounding off to the nearest integer resultsin the actual allocation of NCDs being higher than the Issuesize, not all Applicants will be allotted the number of NCDsarrived at after such rounding off. Rather, each Applicantwhose allotment size, prior to rounding off, had the highestdecimal point would be given preference.iii) In the event, there are more than one Applicant whoseentitlement remain equal after the manner of distributionreferred to above, our Company will ensure that the basis ofallotment is finalised by draw of lots in a fair and equitablemanner.(g) Applicant applying for more than one series of NCDs:If an Applicant has applied for more than one series ofNCDs, (Series I, Series II, Series III, Series IV and/orSeries V, individually referred to as “Series”), and in casesuch Applicant is entitled to allocation of only a part of theaggregate number of NCDs applied for, the Series-wiseallocation of NCDs to such Applicants shall be in proportionto the number of NCDs with respect to each Series, appliedfor by such Applicant, subject to rounding off to the nearestinteger, as appropriate in consultation with Lead Managers,the Co-Lead Managers and Designated Stock Exchange.All decisions pertaining to the basis of allotment of NCDspursuant to the Issue shall be taken by our Company inconsultation with the Lead Managers, the Co-Lead Managersand the Designated Stock Exchange and in compliance withthe aforementioned provisions of the Prospectus. Any otherqueries/ issues in connection with the Applications will beappropriately dealt with and decided upon by the Companyin consultation with the Lead Managers and the Co-LeadManagers.Our Company would allot Series V NCDs to all validApplications, wherein the Applicants have not indicated theirchoice of the relevant Series of NCDs.Our Company has the discretion to close the Issue irrespectiveof whether any of the Portion(s) are fully subscribed or not.37. Retention of oversubscription:Our Company is making a public Issue of NCDs aggregatingupto ` 37,500 lacs with an option to retain oversubscriptionof NCDs up to ` 37,500 lacs.PAYMENT OF REFUNDS38. Refunds for Applicants other than ASBA Applicants: Within12 Working Days of the Issue Closing Date, the Registrar to theIssue will dispatch refund orders/ give instructions for electronicrefund, as applicable, of all amounts payable to unsuccessfulApplicants (other than ASBA Applicants) and also any excessamount paid on Application, after adjusting for allocation/Allotment of NCDs.The Registrar to the Issue will obtain from the Depositories theApplicant’s bank account details, including the MICR code, onthe basis of the DP ID and Client ID provided by the Applicantin their Application Forms, for making refunds.For Applicants who receive refunds through ECS, directcredit, RTGS or NEFT, the refund instructions will be givento the clearing system within 12 Working Days from the IssueClosing Date. A suitable communication shall be dispatched tothe Applicants receiving refunds through these modes, givingdetails of the bank where refunds shall be credited along withamount and expected date of electronic credit of refund. Suchcommunication will be mailed to the addresses of Applicants,as per the Demographic Details received from the Depositories.The Demographic Details would be used for mailing of thephysical refund orders, as applicable.39. Mode of making refunds for Applicants other than ASBAApplicants;The payment of refund, if any, for Applicants other than ASBAApplicants would be done through any of the following modes:1. Direct Credit – Applicants having bank accounts with the22 Shriram Transport Finance Company Limited