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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
in the nature of FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUSRefund Bank(s), as per Demographic Details received from theDepositories, shall be eligible to receive refunds through directcredit. Charges, if any, levied by the Refund Bank(s) for thesame would be borne by the Company.2. NECS – Payment of refund would be done through NECSfor Applicants having an account at any of the centres wheresuch facility has been made available. This mode of paymentof refunds would be subject to availability of complete bankaccount details including the MICR code from the Depositories.3. RTGS – Applicants having a bank account at any of the centreswhere such facility has been made available and whose refundamount exceeds ` 2 lacs, have the option to receive refundthrough RTGS provided the Demographic Details downloadedfrom the Depositories contain the nine digit MICR code of theApplicant’s bank which can be mapped with the RBI data toobtain the corresponding Indian Financial System Code (IFSC).Charges, if any, levied by the Applicant’s bank receiving thecredit would be borne by the Applicant.4. NEFT – Payment of refund shall be undertaken throughNEFT wherever the Applicant’s bank has been assigned theIndian Financial System Code (IFSC), which can be linked to aMagnetic Ink Character Recognition (MICR), if any, availableto that particular bank branch. IFSC Code will be obtainedfrom the website of RBI as on a date immediately prior to thedate of payment of refund, duly mapped with MICR numbers.Wherever the Applicants have registered their nine digit MICRnumber and their bank account number while opening andoperating the demat account, the same will be duly mapped withthe IFSC Code of that particular bank branch and the paymentof refund will be made to the Applicants through this method.The process flow in respect of refunds by way of NEFT is atan evolving stage, hence use of NEFT is subject to operationalfeasibility, cost and process efficiency. In the event that NEFTis not operationally feasible, the payment of refunds would bemade through any one of the other modes as discussed in thesections.5. For all other Applicants, including those who have notupdated their bank particulars with the MICR code, the refundorders will be dispatched through Speed Post or Registered Post.Such refunds will be made by cheques, pay orders or demanddrafts drawn on the relevant Refund Bank and payable at par atplaces where Applications are received. Bank charges, if any,for cashing such cheques, pay orders or demand drafts at othercentres will be payable by the Applicants.40. Mode of making refunds for ASBA Applicants:In case of ASBA Applicants, the Registrar shall instruct therelevant SCSB to unblock the funds in the relevant ASBAAccount for withdrawn, rejected or unsuccessful or partiallysuccessful ASBA Applications within 12 Working Days of theIssue Closing Date.41. TRANSFER OF NCDs AND ISSUANCE OF ALLOTMENTADVICE:With respect to Applicants other than ASBA Applicants,our Company shall (i) ensure dispatch of Allotment Advice/intimation within 12 Working Days of the Issue Closing Date,and (ii) give instructions for credit of NCDs to the beneficiaryaccount with Depository Participants, for successful Applicantswho have been allotted NCDs in dematerialized form, within12 Working Days of the Issue Closing Date. The AllotmentAdvice for successful Applicants who have been allotted NCDsin dematerialized form will be mailed to their addresses as perthe Demographic Details received from the Depositories.With respect to the ASBA Applicants, our Company shallensure dispatch of Allotment Advice and/ or give instructionsfor credit of NCDs to the beneficiary account with DepositoryParticipants within 12 Working Days of the Issue Closing Date.The Allotment Advice for successful ASBA Applicants willbe mailed to their addresses as per the Demographic Detailsreceived from the Depositories.Our Company shall use best efforts to ensure that all steps forcompletion of the necessary formalities for commencement oftrading at the Stock Exchange where the NCDs are proposedto be listed are taken within 12 Working Days from the IssueClosing Date.The Company will provide adequate funds required for dispatchof refund orders and Allotment Advice, as applicable, to theRegistrar to the Issue.OTHER INFORMATION42. Withdrawal of Applications during the Issue Period:Withdrawal of ASBA Applications; ASBA Applicants canwithdraw their ASBA Applications during the Issue Period bysubmitting a request for the same to Lead Manager, the Co-Lead Managers, Lead Broker, sub-broker, Trading Memberof the Stock Exchange or the Designated Branch, as thecase may be, through whom the ASBA Application had beenplaced. In case of ASBA Applications submitted to the LeadManagers, the Co-Lead Managers, Lead Brokers, subbrokersor Trading Members of the Stock Exchange at theSpecified Cities, upon receipt of the request for withdrawal fromthe ASBA Applicant, the relevant Lead Manager, the Co-LeadManagers, Lead Broker, sub-broker or Trading Memberof the Stock Exchange, as the case may be, shall do therequisite, including deletion of details of the withdrawn ASBAApplication Form from the electronic system of the StockExchange. In case of ASBA Applications submitted directly tothe Designated Branch of the SCSB, upon receipt of the requestfor withdraw from the ASBA Applicant, the relevant DesignatedBranch shall do the requisite, including deletion of details ofthe withdrawn ASBA Application Form from the electronicsystem of the Stock Exchanges and unblocking of the funds inthe ASBA Account directly.43. Withdrawal of Non-ASBA Applications (other thanDirect Online Applications):Non-ASBA Applicants can withdraw their Applications duringthe Issue Period by submitting a request for the same to LeadManager, the Co-Lead Managers, Lead Broker, sub-brokeror Trading Member of the Stock Exchange, as the case maybe, through whom the Application had been placed. Uponreceipt of the request for withdrawal from the Applicant, therelevant Lead Manager, the Co-Lead Managers, Lead Broker,sub-broker or Trading Member of the Stock Exchange, asthe case may be, shall do the requisite, including deletion ofdetails of the withdrawn Non-ASBA Application Form from theelectronic system of the Stock Exchange.44. Withdrawal of Applications after the Issue Period:In case an Applicant wishes to withdraw the Application afterthe Issue Closing Date, the same can be done by submittinga withdrawal request to the Registrar to the Issue prior to thefinalization of the Basis of Allotment.45. Revision of Applications:As per the notice No: 20120831-22 dated August 31, 2012Shriram Transport Finance Company Limited23
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