DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis

IN THE NATURE OF FORM2A - MEMORANDUM CONTAINING SALIENT FEATURES OF THE PROSPECTUS 

THIS ABRIDGED PROSPECTUS CONSISTS OF 48 PAGES, PLEASE ENSURE THAT YOU GET ALL PAGES 

Please ensure that you read the Prospectus and the general instructions contained in this Memorandum before applying in the Issue. 

Unless otherwise specified, all capitalised terms used in this form shall have the meaning ascribed to such terms in the Prospectus. The 

investors are advised to retain a copy of Prospectus/Abridged Prospectus for their future reference. 

DREDGING CORPORATION OF INDIA LIMITED 

(A GOVERNMENT OF INDIA ENTERPRISE) 

(Our Company was originally incorporated under the name of Dredging Corporation of India Private Limited on March 29, 1976 under the Companies Act, 1956, as amended, as a 

private limited company and was granted a certificate of incorporation from the Registrar of Companies, Delhi and Haryana. Subsequently the word ‘private’ was deleted from the name 

of the Company on January11, 1977 in view of it being a government company. The Company became a public company limited by shares with effect from March 10, 1992.). For further 

details, refer the section “History and Certain Corporate Matters” on page 87 of the prospectus. 

Registered Office: Core-2,1st Floor, ‘Scope Minar’, Plot No.2A & 2B, Laxmi Nagar Dist. Centre, Delhi-110091, India 

Tel. No.: +91 011 2244 8528; Fax: +91 011 2244 8527; Website: www.dredge-india.com 

Corporate Office: “Dredge House”, Port Area, Visakhapatnam- 530 035, Andhra Pradesh, India, Tel. No.: +91 0891 2523250; Fax: +91 0891 2560581 

Compliance Officer and Contact Person: Mr. K. Aswini Sreekanth; Tel. No.: +91 0891 2566537/2871298; Fax: +91 0891 2529846; E-mail: sreekanth@dci.gov.in 

For further details in relation to the changes in our registered and corporate office, please see section titled “History and Certain Corporate Matters” on page 87 the prospectus. 

PROMOTER OF THE COMPANY : PRESIDENT OF INDIA ACTING THROUGH THE MINISTRY OF SHIPPING, GOVERNMENT OF INDIA 

PUBLIC ISSUE BY DREDGING CORPORATION OF INDIA LIMITED, (“COMPANY” OR”DCIL” OR “ISSUER”) OF TAX-FREE BONDS OF FACE VALUE OF ` 1,000 EACH 

IN THE NATURE OF SECURED, REDEEMABLE, NON-CONVERTIBLE DEBENTURES HAVING TAX BENEFITS UNDER SECTION 10(15)(iv)(h) OF THE INCOME TAX 

ACT, 1961, AS AMENDED, (“BONDS”), AGGREGATING UP TO ` 5,000 MILLION* (THE “ISSUE”) IN THE FISCAL YEAR 2013. 

THE ISSUE IS BEING MADE UNDER THE PROVISIONS OF SECURITIES AND EXCHANGE BOARD OF INDIA (ISSUE AND LISTING OF DEBT SECURITIES) 

REGULATIONS, 2008, AS AMENDED (“SEBI DEBT REGULATIONS”) AND NOTIFICATION NO. 46/2012. F. NO. 178/60/2012-(ITA.1) DATED NOVEMBER 6, 2012 ISSUED 

BY THE CENTRAL BOARD OF DIRECT TAXES, DEPARTMENT OF REVENUE, MINISTRY OF FINANCE, GOVERNMENT OF INDIA, (“CBDT NOTIFICATION”) BY 

VIRTUE OF POWERS CONFERRED UPON IT BY ITEM (H) OF SUB-CLAUSE (IV) CLAUSE (15) OF SECTION 10 OF THE INCOME TAX ACT, 1961 (43 OF 1961). 

*In terms of CBDT Notification, besides the public issue, our Company may also raise Bonds through private placement route in one or more tranches during the process of the present 

Issue, not exceeding ` 1,250 million, i.e. upto 25% of the allocated limit for raising funds through tax free Bonds during Fiscal Year 2013, at its discretion. Our Company shall ensure 

that Bonds issued through public issue route and private placement route shall together not exceed ` 5,000 million. In case our Company raises funds through private placement 

during the process of the present Issue, the limit for the Issue shall get reduced by such amount raised. 

GENERAL RISK 

Investors are advised to read the Risk Factors carefully before taking an investment decision in the Issue. For taking an investment decision, the investors must rely on their own 

examination of the Issuer and the Issue including the risks involved. Specific attention of the investors is invited to the section titled Risk Factors beginning on page 11 of the 

Prospectus. The Prospectus has not been and will not be approved by any statutory and/or any regulatory authority in India inter alia including the RBI, the SEBI, the Registrar 

of Companies and/or the BSE Limited. 

ISSUER’S ABSOLUTE RESPONSIBILITY 

The Issuer, having made all reasonable inquiries, accepts responsibility for, and confirms that the Prospectus contains all information with regard to the Issuer and the Issue, which 

is material in the context of the Issue, that the information contained in the Prospectus is true and correct in all material respects and is not misleading in any material respect, that 

the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes the Prospectus as a whole or any of such information 

or the expression of any such opinions or intentions misleading in any material respect. 

CREDIT RATING 

Brickwork Ratings India Private Limited (“Brickwork”) has, by its letter no. BWR/BNG/RL/2012-13/0528 dated February 19, 2013, assigned a rating of “BWR AA+ (SO) 

(Outlook: Stable)” to the Bonds. Instrument with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry 

very low credit risk. Credit Analysis & Research Limited (“CARE”) has, by its letter dated February 23, 2013, assigned a rating of “CARE AA (Double A)” to the Bonds. Instruments 

with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk. These ratings are not 

a recommendation to buy, sell or hold securities, and investors should take their own decision. These ratings are subject to revision or withdrawal at any time by the assigning rating 

agency(ies) and should be evaluated independently of any other ratings. For the rationale for these ratings, see “Annexure A – Credit Ratings”of the prospectus. 

PUBLIC COMMENTS 

The Draft Prospectus dated February 25, 2013 was filed with the BSE Limited (“BSE”) (“Designated Stock Exchange”) pursuant to the SEBI Debt Regulations and was open for 

public comments for a period of 7 working days i.e. till 5:00 pm on March 4, 2013. 

LISTING 

The Bonds offered through the Prospectus are proposed to be listed on the BSE. For the purposes of the Issue, BSE shall be the Designated Stock Exchange. Our Company has obtained 

an ‘in-principle’ listing approval by letter No. DCS/SP/PI-BOND/23/12-13, dated March 4, 2013. 

ISSUE PROGRAMME* 

ISSUE OPENS ON: March 07, 2013 ISSUE CLOSES ON: March 15, 2013 

* The Issue shall remain open for subscription from 10:00 AM to 5:00 PM during the Issue period indicated above, with an option for early closure (subject to the Issue being open for a minimum of 3 days) 

or extension by such period from the date of opening of the Issue, as may be decided at the discretion of the duly authorised committee of Directors of our Company. For further information on the Issue 

programme, please refer to “General Information – Issue Programme”page 29 of the Prospectus. In the event of such early closure or extension of the Issue, our Company shall ensure that notice of the same 

is provided to the prospective investors, on or before such early date of closure or the initial Closing Date, as the case may be, through advertisement/s in a leading national daily newspaper. 

GDA Trusteeship Limited has by its letter dated February 21, 2013 given its consent for its appointment as Debenture Trustee to the Issue and for its name to be included in the Prospectus and in all the subsequent 

periodical communications sent to the holders of the Bonds issued pursuant to this Issue. 

A copy of the Prospectus shall be filed with the Registrar of Companies, National Capital Territory of Delhi and Haryana in terms of section 56 and section 60 of the Companies Act along with the requisite endorsed/ 

certified copies of all requisite documents. For further details, please refer to the section titled “Material Contracts and Documents for Inspection” on page 174. 

DREDGING CORPORATION OF INDIA LIMITED 3


LEAD MANAGERS TO THE ISSUE 

SBI Capital Markets Limited 

202, Maker Tower ‘E’, 

Cuffe Parade 

Mumbai 400 005, 

Maharashtra, India 

Tel: +91 22 2217 8300 

Fax: +91 22 2217 8332 

Email: dcibonds2012@sbicaps.com 

Investor Grievance Email: investor.relations@sbicaps.com 

Website: www.sbicaps.com 

Contact Person: Mr. Murtuza Patrawala / 

Mr. Neeladrinath Sarangi 

Compliance Officer: Mr. Bhaskar Chakraborty 

SEBI Registration No.: INM000003531 

A. K. Capital Services Limited 

30-39, Free Press House 

Free Press Journal Marg 

215 Nariman Point 

Mumbai - 400 021 


Tel: +91 22 6754 6500 

Fax: +91 22 6610 0594 

Email: dcitfbonds@akgroup.co.in 

Investor Grievance Email: investor.grievance@akgroup.co.in 

Website: www.akcapindia.com 

Contact Person: Mr. Lokesh Singhi / Mr. Yashesh Thakkar 

Compliance Officer: Mr. Vikas Agarwal 

SEBI Registration No: INM000010411 

CONSORTIUM MEMBERS 

In addition to the Lead Managers, following are also consortium 

members for marketing of the Issue: 

SBICAP Securities Limited 

Mafatlal Chambers, 2nd Floor 

C Wing, N M Joshi Marg 

Lower Parel, Mumbai – 400013 

India 

Contact person: Ms. Archana Dedhia 

Tel: +91 22 4227 3446 

Fax : +91 22 4227 3390 

E-mail: archana.dedhia@sbicapsec.com 

Investor Grievance E-mail: 

complaints@sbicapsec.com 

Website: www.sbicapsec.com 

Contact Person: Ms. Archana Dedhia 

SEBI Registration No.: BSE: INB011053031 

NSE: INB231052938 

REGISTRAR TO THE ISSUE 

Karvy Computershare Private Limited 

Plot No. 17 to 24 

Vittal Rao Nagar, Madhapur 

Hyderabad- 500081 

Tel: +91 40 4465 5000 

Fax: +91 40 2343 1551 

Email: dci.bonds@karvy.com 

Website: http:\\karisma.karvy.com 

Investor Grievance Email: dci.bonds@karvy.com 

Contact Person: Mr. M Muralikrishna 

Compliance Officer: Mr. P A Varghese 

SEBI Registration No.: INR000000221 

TRUSTEE FOR THE BONDHOLDERS 

A.K. Stockmart Private Limited 

30-39, Free Press House 

Free Press Journal Marg 

215, Nariman Point 

Mumbai 400 021 

India 

Contact person: Mr. Ankit Gupta/ Mr. Sanjay Shah 

Tel: +91 22 6754 6500 

Fax: +91 22 6754 4666 

E-mail: ankit@akgroup.co.in 

Investor Grievance E-mail: stockmart@akgroup.co.in 

Website: www.akcapindia.com 

Contact person: Mr.Ankit Gupta 

SEBI Registration No.: BSE: INB011269538 

NSE: INB231269532 

GDA Trusteeship Limited 

“GDA House”, First Floor, Plot No.85 

S.No-94 & 95 

Bhusari Colony (Right), Kothrud 

Pune-411 038 


Tel.: 020-2528 0081 

Fax: 020-2528 0275 

Email: dt@gdatrustee.com 

Website: www.gdatc.com 

Investor Grievance Email: dt@gdatrustee.com 

Contact Person: Ms. Priyanka Sawant 

Compliance Officer: Mr. Jatin Bhat 

SEBI Registration No.: IND000000034 

4 

DREDGING CORPORATION OF INDIA LIMITED


STATUTORY AUDITORS OF OUR COMPANY 

M/s G.R. Kumar and Co., Chartered Accountants 

Flat No. 9, Merry Life Apartments 

Doctors colony, Peda waltair 

Visakhapatnam - 500 017 

Tel: +91 891 2755223 / 2793300 

Fax: +91 891 2762009 / 2793362 

Firm Registration Number: 004941S 

Bankers to the Issue / Escrow Collection Banks 

ICICI Bank Limited, Axis Bank Limited, HDFC Bank Limited, State 

Bank of India, Indusind Bank Limited. For details please refer to 

Section “General Information” on page 26 of the prospectus. 

REFUND BANK 

Indusind Bank Limited 

Cash Management Services, Building 10 

Ground Floor, Solitaire Corporate Park 

Guru Hargovindji Marg, Andheri (east) 

Mumbai – 400093 


Tel: +91 22 6772 3942 

Fax: +91 22 6623 8021 

Email: suresh.esaki@indusind.com 

Website: www.indusind.com 

Contact Person: Mr. Suresh Esaki / Mr. Harpal Singh 

SEBI Registration No.: INBI00000002 

SELF CERTIFIED SYNDICATE BANKS 

The banks registered with SEBI under the Securities and Exchange 

Board of India (Bankers to an Issue) Regulations, 1994 

offering services in relation to ASBA, including blocking of an 

ASBA Account, and a list of which is available on http:// 

www.sebi.gov.in/cms/sebi_data/attachdocs/1343901673613.html 

or at such other web-link as may be prescribed by SEBI from time 

to time. A list of the branches of the SCSBs where ASBA Applications 

submitted to the Lead Managers, Lead Brokers, sub-brokers 

or the Trading Member(s) of the Stock Exchange only in the 

Specified Cities, will be forwarded by such Lead Managers, Lead 

Brokers, subbrokers or the Trading Members of the Stock Exchange 

is available at http://www.sebi.gov.in/cms/sebi_data/ 

attachdocs/1343901524048.html or at such other web-link as may 

be prescribed by SEBI from time to time. 

LEGAL ADVISOR TO THE ISSUE 

J Sagar Associates 

Vakils House, 

18, Sprott Road 

Ballard Estate 

Mumbai- 400 001 

Tel: +91 22 4341 8500 

Fax: +91 22 6656 1515 

COMPANY SECRETARY, COMPLIANCE OFFICER AND 

GENERAL MANAGER (FINANCE) 

The details of the person appointed to act as Compliance Officer 

for the purposes of this Issue, Company Secretary and General 

Manager (Finance) are as set out below: 

General Manager (Finance) 

Mr. P.P. Govindachari 

“Dredge House”, Port Area, 

Visakhapatnam- 530 035, India 

Tel.: +91 0891 2871205 

Fax: +91 0891 2720273 

Email: ppgovind@yahoo.co.in 

Company Secretary and Compliance Officer 

Mr. K. Aswini Sreekanth 

“Dredge House”, Port Area, 

Visakhapatnam- 530 035, India 

Tel.: +91 0891 2566537/2871298 

Fax: +91 0891 2529846 

Email: sreekanth@dci.gov.in 

Investors may contact the compliance officer or the Registrar to the 

Issue in case of any pre-Issue or post-Issue related problems such 

as non-receipt of Allotment Advice, Bond certificates, credit of 

allotted bonds in the respective beneficiary account or refund orders 

etc. 

All grievances relating to the issue may be addressed to the 

Registrar to the Issue, giving full details such as name, Application 

Form number, address of the Applicant, number of Bonds applied 

for, amount paid on Application, Depository Participant and the 

Collection Centres of the members of the Syndicate where the 

application was submitted. 

All grievances related to ASBA process where the application is 

submitted to a member of the Syndicate should be addressed to the 

Registrar to the Issue with a copy to the relevant member of the 

Syndicate and the relevant SCSB. 

All grievances relating to the asba process may be addressed to the 

Registrar to the Issue with a copy to the relevant SCSB, giving full 

details such as name, address of Applicant, Application Form 

number, number of Bonds applied for, amount blocked on 

Application and the Designated Branch or the Collection Centre 

of the SCSB where the Application Form was submitted by the 

ASBA Applicant. 

All grievances arising out of Applications made through the online 

stock exchanges mechanism or through trading members may be 

addressed directly to the respective Stock Exchanges. 



Brickwork Ratings India Private Limited 

III Floor, Raj Alkaa Park 

29/3 & 32/2 Kalena Agrahara 

Banerghatta Road 

Bangalore - 560076 

Tel: +91 80 4040 9940 

Fax: +91 80 4040 9941 

Email: anitha.g@brickworkratings.com 

Contact Person: Anitha G 

Website: www.brickworkratings.com 

SEBI Registration Number: IN/CRA/005/98 

TABLE OF CONTENTS 

CREDIT RATING AGENCY 

Credit Analysis & Research Limited 

401, Ashoka Scintilla 

Himayatnagar, 

Hyderabad – 500 029 

Tel: + 91 40 40102030 

Fax: + 91 40 4002 0131 

Email: vidhya.sagar@careratings.com 

Contact Person: Vidhyasagar L 

Website: www.careratings.com 

SEBI Registration Number: IN/CRA/004/1999 

PAGENo. 

OBJECTS OF THE ISSUE 7 

ISSUE PROCEDURE 7 

PAYMENT INSTRUCTIONS 17 

TERMS OF THE ISSUE 22 

GENERAL INFORMATION 33 

LEGAL AND OTHER INFORMATION 36 

RISK FACTORS 38 

DECLARATION 39 

CENTERS FOR AVAILABILITY AND ACCEPTANCE OF APPLICATION FORMS 40 

LIST OF SELF CERTIFICED SYNDICATE BANKS(SCSBS) UNDER THE ASBA PROCESS 48 

DISCLAIMER 

Participation of any of the aforementioned categories of persons or entities is subject to the applicable statutory and/or regulatory 

requirements in connection with the subscription to Indian securities by such categories of persons or entities. 

Applicants are advised to ensure that Applications made by them do not exceed the investment limits or maximum number of Bonds 

that can be held by them 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 Issue. 

The Lead Managers and their respective associates and affiliates are permitted to subscribe in the Issue. 

Applicants are advised to read the Prospectus filed with Registrar of Companies and the general instructions contained in this 

application form carefully and to satisfy themselves of the disclosures before making an application for subscription. Unless 

otherwise specified, all the terms used in this Application Form have the same meaning as in the Prospectus. For a copy of the 

Prospectus, the applicant may request us and/or the Lead Managers. Further investors are advised to retain the copy of the 

Prospectus/Abridged Prospectus for their future reference. Please fill in the Form in English using BLOCK letters. Investors 

should carefully choose the Series of Bonds they wish to apply for. For details, please refer to section ‘Terms of the Issue’ on page 

113 of the Prospectus. 

6 



OBJECTS OF THE ISSUE 

1. Issue Proceeds 

Our Company shall issue Bonds upto an aggregate amount of 

` 5,000 million, on or prior to April 1, 2013 pursuant to CBDT’s 

Notification, which authorized our Company to issue Bonds 

having benefits under Section 10(15)(iv)(h) of the Income Tax 

Act during the Fiscal 2013 and which shall not exceed ` 5,000 

million. 

2. Utilisation of Issue Proceeds 

The funds raised through this Issue will be utilized for 

augmenting the long-term resources of our Company for financing 

the capital expenditure plan of our Company for carrying out its 

business activities. 

3. Interim use of Proceeds 

The Board, in accordance with policies formulated from time to 

time and subject to the guidelines issued by GoI, will have 

flexibility in deploying the proceeds of the Issue. Pending 

utilisation of the Issue proceeds for the purposes described above, 

the Company intends to temporarily invest funds in high quality 

interest bearing liquid instruments including money SEBI 

regulated public sector mutual funds, deposits with banks or 

temporarily deploy the funds in investment grade interest bearing 

securities or inter-corporate loans as may be approved by the 

Board. Such investment would be in accordance with the 

investment policies approved by the Board of Directors from 

time to time. 

4. Monitoring of Utilization of Funds 

In terms of the SEBI Debt Regulations, there is no requirement 

for appointment of a monitoring agency in relation to the use of 

proceeds of the Issue. The Board shall monitor the utilisation of 

the proceeds of the Issue. The Company will disclose in our 

financial information for the relevant fiscal commencing from 

Fiscal 2013, the utilization of the proceeds of the Issue under a 

separate head along with any details in relation to all such 

proceeds of the Issue that have not been utilized thereby also 

indicating investments, if any, of such unutilized proceeds of the 

Issue. 

For more information, see “Terms of the Issue - Utilisation of 

Issue Proceeds” and “Issue Procedure - Monitoring & Reporting 

of Utilisation of Issue Proceeds” on pages 125 and 126 of the 

Prospectus. 

ISSUE PROCEDURE 

This section applies to all Applicants. ASBA Applicants and 

Applicants making Direct Online Applications using the online 

payment facility of the Stock Exchanges should note that the 

ASBA and Direct Online Applications processes involve 

application procedures which may be different from the 

procedures applicable to Applicants who apply for Bonds 

through any of the other permitted channels and accordingly 

should carefully read the provisions applicable to ASBA and 

Direct Online Applications, respectively. 

All Applicants are required to make payment of the full 

Application Amount with the Application Form. ASBA Applicants 

are required to ensure that the ASBA Account has sufficient credit 

balance such that an amount equivalent to the full Application 

Amount can be blocked by the SCSBs. 

ASBA Applicants may submit their ASBA Applications to the 

Members of the Syndicate or Trading Members of the Stock 

Exchanges only in the Specified Cities or directly to the 

Designated Branches of SCSBs. Applicants other than ASBA 

Applicants are required to submit their Applications to the 


Exchanges or make Direct Online Applications using the online 

payment facility of the Stock Exchanges. 

This section is based on SEBI Circular No. CIR./IMD/DF-1/20/ 

2012 dated July 27, 2012 and is subject to the Stock Exchanges 

putting in place the necessary systems and infrastructure for 

implementation of the abovementioned circular, including the 

systems and infrastructure required in relation to Direct Online 

Applications through the online platform and online payment 

facility to be offered by Stock Exchanges and accordingly is 

subject to any further clarification, notification, modification, 

direction, instructions and/or correspondence that may be issued 

by the Stock Exchanges and/or SEBI. The following Issue 

procedure may consequently undergo change between the date 

of the Prospectus and the Issue Opening Date; Applicants are 

accordingly advised to carefully read the Prospectus and 

Application Form in relation to any proposed investment. The 

Company, the Registrar to the Issue and the Lead Managers 

shall not be liable for any amendment or modification or changes 

in applicable laws or regulations, which may occur after the 

date thereof. 

Trading Members of the Stock Exchanges who wish to collect 

and upload Applications in the Issue on the electronic 

application platform provided by the Stock Exchanges will need 

to approach the respective Stock Exchanges and follow the 

requisite procedures prescribed by the relevant Stock Exchange. 

The Members of the Syndicate, the Company and the Registrar 

to the Issue shall not be responsible or liable for any errors or 

omissions on the part of the Trading Members of the Stock 

Exchanges in connection with the responsibility of such Trading 

Members of the Stock Exchanges in relation to collection and 

upload of Applications in the Issue on the online platform and 

online payment facility to be provided by the Stock Exchanges. 

Further, the relevant Stock Exchanges shall be responsible for 

addressing investor grievances arising from Applications 

through Trading Members registered with such Stock Exchanges. 

For purposes of the Issue, the term “Working Day” shall mean 

all days excluding Sundays or a public holiday in India or at 

any other payment centre notified in terms of the Negotiable 

Instruments Act, 1881, except with reference to Issue Period and 

Record Date, where working days shall mean all days, excluding 

Saturdays, Sundays and public holiday in India or at any other 

payment centre notified in terms of the Negotiable Instruments 

Act, 1881. 



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 



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. 



12. Application by Scheduled Commercial Banks 

Scheduled commercial banks can apply in the Issue based on 

their own investment limits and approvals. The Application Form 

must be accompanied by certified true copies of their (i) 

memorandum and articles of association/charter of constitution; 

(ii) power of attorney; (iii) resolution authorising investments/ 

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. 

13. Application by Insurance Companies 

The Application Form must be accompanied by certified copies 

of their (i) certificate of registration issued by IRDA; (ii) 

memorandum and articles of association; (ii) resolution 

authorising investment and containing operating instructions; 

(iii) power of attorney; 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. 

14. Applications by PFIs 

In case of Applications by PFIs authorised to invest in the Bonds, 

the Application Form must be accompanied by certified true 

copies of: (i) any Act/rules under which they are incorporated; 

(ii) board resolution authorising investments; and (iii) specimen 

signature of authorised person. 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. 

15. Applications by Provident Funds and Pension Funds 

In case of Applications by Indian provident funds and pension 

funds authorised to invest in the Bonds, the Application Form 

must be accompanied by certified true copies of: (i) any Act/rules 

under which they are incorporated; (ii) power of attorney, if any, 

in favour of one or more trustees thereof; (iii) board resolution 

authorising investments; (iv) such other documents evidencing 

registration thereof under applicable statutory/regulatory 

requirements; (v) specimen signature of authorised person; (vi) 

certified copy of the registered instrument for creation of such 

fund/trust; and (vii) tax exemption certificate issued by income 

tax authorities, if exempt from income tax. 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. 

16. Applications by National Investment Fund 

In case of Applications by National Investment Fund, the 

Application Form must be accompanied by certified true copies 

of: (i) resolution authorising investment and containing operating 

instructions; and (ii) specimen signature of authorised person. 

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. 

17. Applications by Limited Liability Partnerships 

In case of Applications made by limited liability partnerships the 

Application Form must be accompanied by a certified copy of 

certificate of registration issued under the Limited Liability 

Partnership Act, 2008. 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. 

18. Applications by Companies and Bodies Corporate 

In case of Applications by companies and bodies corporate, the 

Application Form must be accompanied by certified true copies 

of: (i) any Act/Rules under which they are incorporated; (ii) board 

resolution authorising investments; and (iii) specimen signature 

of authorised person. 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. 

19. Applications under Power of Attorney 

In case of Applications made pursuant to a power of attorney by 

Applicants in Category I and Category II, a certified copy of the 

power of attorney or the relevant resolution or authority, as the case 

may be, with a certified copy of the memorandum of association and 

articles of association and/or bye laws must be submitted with the 

Application Form. In case of Applications made pursuant to a power 

of attorney by Applicants in Category III and Category IV, a certified 

copy of the power of attorney must be submitted with the Application 

Form. 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. The Company, in its absolute 

discretion, reserves the right to relax the above condition of 

attaching the power of attorney with the Application Forms 

subject to such terms and conditions that the Company and the 

Lead Managers may deem fit. 

Brokers having online demat account portals may also provide a 

facility of submitting the Application Forms (ASBA as well as 

non-ASBA Applications) online to their account holders. Under 

this facility, a broker receives an online instruction through its 

portal from the Applicant for making an Application on his/ her 

behalf. Based on such instruction, and a power of attorney 

granted by the Applicant to authorise the broker, the broker makes 

an Application on behalf of the Applicant. 

APPLICATION FOR ALLOTMENT OF BONDS IN PHYSICAL 

AND DEMATERIALISED FORM 

20. Application for allotment in physical form 

Submission of Non- ASBA Applications for Allotment of the Bonds 

in physical form 

Applicants can also apply for Allotment of the Bonds in physical 

form by submitting duly filled in Application Forms to the Members 

of the Syndicate or the Trading Members of the Stock Exchanges, 

with the accompanying account payee cheques or demand drafts 

representing the full Application Amount and KYC documents as 

specified under “Issue Procedure – Applications by certain 

10 



Categories of Applicants” and “Issue Procedure - Additional 

instructions for Applicants seeking Allotment of the Bonds in 

physical form” at pages 132 and 142, respectively of the prospectus. 

The Members of the Syndicate and Trading Members of the Stock 

Exchanges shall, on submission of the Application Forms to them, 

verify and check the KYC documents submitted by such Applicants 

and upload details of the Application on the online platforms of 

Stock Exchanges, following which they shall acknowledge the 

uploading of the Application Form by stamping the acknowledgment 

slip with the date and time and returning it to the Applicant. 

On uploading of the Application details, the Members of the 

Syndicate and Trading Members of the Stock Exchanges will submit 

the Application Forms, with the cheque/demand draft to the Escrow 

Collection Bank(s), which will realise the cheque/demand draft, and 

send the Application Form and the KYC documents to the Registrar 

to the Issue, who shall check the KYC documents submitted and 

match Application details as received from the online platforms of 

Stock Exchanges with the Application Amount details received from 

the Escrow Collection Bank(s) for reconciliation of funds received 

from the Escrow Collection Bank(s). In case of discrepancies between 

the two databases, the details received from the online platforms of 

Stock Exchanges will prevail, except in relation to discrepancies 

between Application Amounts. The Members of the Syndicate/ 

Trading Members of the Stock Exchanges are requested to note 

that all Applicants are required to be banked with only the designated 

branches of Escrow Collection Bank(s). On Allotment, the Registrar 

to the Issue will dispatch Bond certificates/Allotment Advice to the 

successful Applicants to their addresses as provided in the 

Application Form. If the KYC documents of an Applicant are not in 

order, the Registrar to the Issue will withhold the dispatch of Bond 

certificates pending receipt of complete KYC documents from such 

Applicant. In such circumstances, successful Applicants should 

provide complete KYC documents to the Registrar to the Issue at 

the earliest. In such an event, any delay by the Applicant to provide 

complete KYC documents to the Registrar to the Issue will be at the 

Applicant’s sole risk and neither the Company, the Registrar to 

the Issue, the Escrow Collection Bank(s), nor the Members of the 

Syndicate will be liable to compensate the Applicants for any losses 

caused to them due to any such delay, or liable to pay any interest on 

the Application Amounts for such period during which the Bond 

certificates are withheld by the Registrar to the Issue. Further, the 

Company will not be liable for any delays in payment of interest on 

the Bonds Allotted to such Applicants, and will not be liable to 

compensate such Applicants for any losses caused to them due to 

any such delay, or liable to pay any interest for such delay in payment 

of interest on the Bonds. 

For instructions pertaining to completing Application Form please 

see “Issue Procedure - General Instructions” and “Issue 

Procedure - Additional Instructions for Applicants seeking 

allotment of Bonds in physical form” on pages 137 and 142, 

respectively. 

21. Application for allotment in dematerialised form 

Submission of ASBA Applications 

Applicants may also apply for Bonds using the ASBA facility. 

ASBA Applications can be only by Applicants opting for 

Allotment in dematerialised form. ASBA Applications can be 

submitted through either of the following modes: 

a) Physically or electronically to the Designated Branches of 

SCSB with whom an Applicant’s ASBA Account is 

maintained. In case of ASBA Application in physical mode, 

the ASBA Applicant will submit the Application Form at the 

relevant Designated Branch of the SCSB. The Designated 

Branch will verify if sufficient funds equal to the Application 

Amount are available in the ASBA Account, as mentioned in 

the ASBA Application, prior to uploading such ASBA 

Application into the electronic system of the Stock 

Exchanges. If sufficient funds are not available in the ASBA 

Account, the respective Designated Branch will reject such 

ASBA Application and will not upload such ASBA 

Application in the electronic system of the Stock Exchanges. 

If sufficient funds are available in the ASBA Account, the 

Designated Branch will block an amount equivalent to the 

Application Amount and upload details of the ASBA 

Application in the electronic system of the Stock Exchanges. 

The Designated Branch of the SCSBs will stamp the 

Application Form. In case of Application in the electronic 

mode, the ASBA Applicant will submit the ASBA Application 

either through the internet banking facility available with the 

SCSB, or such other electronically enabled mechanism for 

application and blocking funds in the ASBA Account held 

with SCSB, and accordingly registering such ASBA 

Applications. 

b) Physically through the Members of the Syndicate or Trading 

Members of the Stock Exchanges only at the Specified Cities, 

i.e., Syndicate ASBA. ASBA Applications submitted to the 


Exchanges at the Specified Cities will not be accepted if the 

SCSB where the ASBA Account, as specified in the ASBA 

Application, is maintained has not named at least one branch 

at that Specified City for the Members of the Syndicate or 

Trading Members of the Stock Exchanges, as the case may 

be, to deposit ASBA Applications. A list of such branches is 

available at http://www.sebi.gov.in/sebiweb/home/list/5/33/ 

0/0/Recognised-Intermediaries. 

On receipt of the Application Form by the Members of the 

Syndicate or Trading Members of the Stock Exchanges, as 

the case may be, an acknowledgement will be issued by 

giving the counter foil of the Application Form with the date 

stamp to the ASBA Applicant as proof of having accepted 

the Application. Thereafter, the details of the Application 

will be uploaded in the electronic system of the Stock 

Exchanges and the Application Form will be forwarded to 



the relevant branch of the SCSB, in the relevant Specified 

City, named by such SCSB to accept such ASBA Applications 

from the Members of the Syndicate or Trading Members of 

the Stock Exchanges, as the case may be. A list of such 

branches is available at http://www.sebi.gov.in/sebiweb/ 

home/list/5/33/0/0/Recognised-Intermediaries. On receipt of 

the ASBA Application, the relevant branch of the SCSB will 

perform verification procedures and check if sufficient funds 

equal to the Application Amount are available in the ASBA 

Account, as mentioned in the ASBA Form. If sufficient funds 

are not available in the ASBA Account, the relevant ASBA 

Application is liable to be rejected. If sufficient funds are 

available in the ASBA Account, the relevant branch of the 

SCSB will block an amount equivalent to the Application 

Amount mentioned in the ASBA Application. The 

Application Amount will remain blocked in the ASBA Account 

until approval of the Basis of Allotment and consequent 

transfer of the amount against the Allotted Bonds to the 

Public Issue Account(s), or until withdrawal/failure of the 

Issue or withdrawal/rejection of the Application Form, as the 

case may be. 

ASBA Applicants must note that: 

(a) Physical Application Forms will be available with the 

Designated Branches of SCSBs and with the Members of 

the Syndicate at the Specified Cities; and electronic 

Application Forms will be available on the websites of the 

SCSBs and the Stock Exchanges at least one day prior to the 

Issue Opening Date. Trading Members of the Stock 

Exchanges can download Application Forms from the websites 

of the Stock Exchanges. Application Forms will also be provided 

to Trading Members of the Stock Exchanges at their request. 

The Application Forms would be serially numbered. Further, 

the SCSBs will ensure that the Abridged Prospectus is made 

available on their websites. 

(b) The Designated Branches of SCSBs will accept ASBA 

Applications directly from ASBA Applicants only during the 

Issue Period. The SCSB will not accept any ASBA 

Applications directly from ASBA Applicants after the closing 

time of acceptance of Applications on the Issue Closing Date. 

However, in case of Syndicate ASBA, the relevant branches 

of SCSBs at Specified Cities can accept ASBA Applications 

from the Members of the Syndicate or Trading Members of 

the Stock Exchanges, as the case may be, after the closing 

time of acceptance of Applications on the Issue Closing Date. 

For further information on the Issue programme, see “Terms 

of the Issue – Issue Period” on page 114 of the Prospectus. 

(c) In case of Applications through Syndicate ASBA, the 

physical Application Form will bear the stamp of the Members 

of the Syndicate or Trading Members of the Stock Exchanges, 

as the case may be; if not, the same will be rejected. 

Application Forms submitted directly to the SCSBs should 

bear the stamp of the SCSBs, if not, the same are liable to be 

rejected. 

Please note that ASBA Applicants can make an Application for 

Allotment of Bonds in dematerialized form only. 


see “Issue Procedure- General Instructions” on page 137of the 

Prospectus. 

22. Submission of Non-ASBA Applications (other than Direct 

Online Applications) 

Applicants must use the Application Form, which will be serially 

numbered, bearing the stamp of the relevant Member of the 

Syndicate or Trading Member of the Stock Exchanges, as the 

case may be, from whom such Application Form is obtained. 

Such Application Form must be submitted to the relevant Member 

of the Syndicate or Trading Member of the Stock Exchanges, as 

the case may be, with the cheque or bank draft for the Application 

Amount, before the closure of the Issue Period. The Stock 

Exchanges may also provide Application Forms for being 

downloaded and filled. Accordingly, Applicants may download 

Application Forms and submit the completed Application Forms 

together with cheques/demand drafts to the Members of the 

Syndicate or Trading Member of the Stock Exchanges. On 

submission of the completed Application Form, the relevant 

Members of the Syndicate or Trading Member of the Stock 

Exchanges, as the case maybe, will upload the Application Form 

on the electronic system provided by the Stock Exchanges, and 

once an Application Form has been uploaded, issue an 

acknowledgement of such upload by stamping the 

acknowledgement slip attached to the Application Form with the 

relevant date and time and return the same to the Applicant. 

Thereafter, the Application Form together with the cheque or 

bank draft will be forwarded to the Escrow Collection Bank(s) for 

realisation and further processing. 

The duly stamped acknowledgment slip will serve as a duplicate 

Application Form for the records of the Applicant. The Applicant 

must preserve the acknowledgment slip and provide the same in 

connection with: (a) any cancellation/withdrawal of their 

Application; (b) queries in connection with Allotment and/or 

refund(s) of Bonds; and/or (c) all investor grievances/complaints 

in connection with the Issue. 

Submission of Direct Online Applications 

Applicants having operational beneficiary accounts can opt to 

submit Direct Online Applications through the online platform 

and online payment facility offered by Stock Exchanges. Such 

Applicants must: 

• log on to the online platform of the Stock Exchange; 

• use and duly fill the Application Form available on the online 

platform of the Stock Exchange; 

• use the optional facility (if provided by the Stock Exchange 

to supply the details of the broker who referred the Issue to 

the Applicant, if any; 

12 



• submit the above information online following the 

instructions stated therein; and 

• make the requisite payment for the Bonds applied for using 

the online payment facility. 

Relevant “know your customer” details of such Applicants will 

be validated online from the Depositories, on the basis of the DP 

ID and Client ID provided by them in the Application Form. 

On successful submission of a Direct Online Application, the 

Applicant will receive a system-generated UAN and an SMS or 

an e-mail confirmation on credit of the requisite Application 

Amount paid through the online payment facility with the Direct 

Online Application. On Allotment, the Registrar to the Issue shall 

credit Bonds to the beneficiary account of the Applicant and in 

case of refund, the refund amount shall be credited directly to the 

Applicant’s bank account. Applicants applying through the Direct 

Online Application facility must preserve their UAN and quote 

their UAN in: (a) any cancellation/withdrawal of their Application; 

(b) in queries in connection with Allotment of Bonds and/or 

refund(s); and/or (c) in all investor grievances/complaints in 

connection with the Issue. 

As per Circular No. CIR./IMD/DF-1/20/2012 dated July 27, 

2012 issued by SEBI, the availability of the Direct Online 

Applications facility is subject to the Stock Exchanges putting 

in place the necessary systems and infrastructure, and 

accordingly the aforementioned disclosures are subject to any 

further clarifications, notification, modification deletion, 

direction, instructions and/or correspondence that may be issued 

by the Stock Exchanges and/or SEBI. 


see “General Instructions” below. 

INSTRUCTIONS FOR COMPLETING THE APPLICATION 

FORM 

23. General Instructions 

(a) Applications must be made only in the prescribed Application 

Form. 

(b) Applications must be completed in block letters in English 

as per the instructions contained in the Prospectus, Abridged 

Prospectus and Application Form. 

(c) If the Application is submitted in joint names, the Application 

Form should contain only the name of the first Bidder whose 

name should also appear as the first holder of the depository 

account held in joint names. 

(d) Applications must be for a minimum of 5 (five) Bonds and in 

multiples of one Bond thereafter. 

(e) Thumb impressions and signatures other than in English/ 

Hindi/Gujarati/Marathi or any of the other languages 

specified in the Eighth Schedule to the Constitution of India 

must be attested by a Magistrate or Notary Public or a Special 

Executive Magistrate under his official seal. 

(f) Applicants should hold a valid PAN allotted under the Income 

Tax Act and mention it in the Application Form. 

(g) Applicants must tick the relevant box for the ‘Category of 

Investor’ provided in the Application Form. 

(h) Applicants must tick the relevant box for the ‘Mode of 

Application’ provided in the Application Form, choosing 

either ASBA or Non-ASBA mechanism. 

(i) ASBA Applicants should correctly mention the ASBA 

Account number and ensure that funds equal to the 

Application Amount are available in the ASBA Account. 

(j) Applications should be made by the Karta in case of HUFs. 

Applicants are required to ensure that the PAN details of the 

HUF are mentioned and not those of the Karta. 

(k) No separate receipts will be issued for the Application 

Amount payable on submission of the Application Form. 

However, the Lead Managers, Lead Brokers, Trading 

Members of the Stock Exchanges or the Designated Branches 

of the SCSBs, as the case may be, will acknowledge the receipt 

of the Application Forms by stamping the date and returning 

to the Applicants an acknowledgement slip which will serve 

as the duplicate of the Application Form for the records of 

the Applicant. 

The Company, the Members of the Syndicate, Trading Members 

of the Stock Exchanges, Designated Branches of SCSBs, and 

the Registrar to the Issue will not be liable for errors in data 

entry due to submission of incomplete or illegible Application 

Forms. 

The Company shall Allot Series 1 Bonds to all valid Applications 

where the Applicants have not indicated their choice of the 

relevant Series in the Application Form. 

24. Applicant’s Beneficiary Account and Bank Account Details 

Applicants applying for Allotment in dematerialised form must 

mention their DP ID and Client ID in the Application Form, and 

ensure that the name provided in the Application Form is exactly 

the same as the name in which the Beneficiary Account is held. In 

case the Application Form for Allotment in dematerialised form is 

submitted in joint names, it should be ensured that the Beneficiary 

Account is held in the same joint names and in the same sequence 

in which they appear in the Application Form. In case the DP ID, 

Client ID and PAN mentioned in the Application Form for 

Allotment in dematerialised form and entered into the electronic 

system of the Stock Exchanges do not match with the DP ID, 

Client ID and PAN available in the Depository database or in 

case PAN is not available in the Depository database, the 

Application Form for Allotment in dematerialised form is liable 

to be rejected. Further, Application Forms submitted by 

Applicants applying for Allotment in dematerialised form, whose 

beneficiary accounts are inactive, will be rejected. 

On the basis of the DP ID and Client ID provided by the Applicant 

in the Application Form for Allotment in dematerialised form and 

entered into the electronic system of the Stock Exchanges, the 



Registrar to the Issue will obtain from the Depositories the 

Demographic Details of the Applicant including PAN, address, 

bank account details for printing on refund orders/sending 

refunds through electronic mode, Magnetic Ink Character 

Recognition (“MICR”) Code and occupation. These Demographic 

Details would be used for giving Allotment Advice and refunds 

(including through physical refund warrants, direct credit, NECS, 

NEFT and RTGS), if any, to the Applicants. Hence, Applicants 

are advised to immediately update their Demographic Details as 

appearing on the records of the DP and ensure that they are true 

and correct, and carefully fill in their Beneficiary Account details 

in the Application Form. Failure to do so could result in delays in 

dispatch/credit of refunds to Applicants and delivery of Allotment 

Advice at the Applicants’ sole risk, and neither the Company, 

the Members of the Syndicate, Trading Members of the Stock 

Exchanges, Escrow Collection Bank(s), SCSBs, Registrar to 

the Issue nor the Stock Exchanges will bear any responsibility 

or liability for the same. 

The Demographic Details would be used for correspondence 

with the Applicants including mailing of Allotment Advice and 

printing of bank particulars on refund orders or for refunds 

through electronic transfer of funds, as applicable. Allotment 

Advice and physical refund orders would be mailed at the address 

(in India) of the Applicant as per Demographic Details received 

from the Depositories. Delivery of refund orders/ Allotment Advice 

may be delayed if the same once sent to the address obtained 

from the Depositories are returned undelivered. In such event, 

the address and other details provided by the Applicant (other 

than ASBA Applicants and Applicants using Direct Online 

Applications through the online payment facility of the Stock 

Exchanges) in the Application Form would be used only to ensure 

dispatch of refund orders. In case of refunds through electronic 

modes detailed in the Prospectus, refunds may be delayed if 

bank particulars obtained from the DP are incorrect. Any such 

delay will be at such Applicants’ sole risk and neither the 

Company, the Members of the Syndicate, Trading Members of 

the Stock Exchanges, Escrow Collection Bank(s), SCSBs, 

Registrar to the Issue nor the Stock Exchanges will be liable to 

compensate the Applicant for any losses caused to the Applicant 

due to any such delay, or to pay any interest for such delay. 

In case of Applications made under power of attorney, the 

Company in its absolute discretion, reserves the right to permit 

the holder of the power of attorney to request the Registrar to the 

Issue that for the purpose of printing particulars on the refund 

order and mailing of refund orders/ Allotment Advice, the 

demographic details obtained from the Depository of the 

Applicant will be used. By signing the Application Form, the 

Applicant would be deemed to have authorised the Depositories 

to provide to the Registrar to the Issue, on request, the required 

Demographic Details available on their records. The Demographic 

Details provided by the Applicant in the Application Form would 

not be used for any purpose by the Registrar to the Issue except 

in relation to the Issue. 

With effect from August 16, 2010, the beneficiary accounts of 

Applicants for whom PAN details have not been verified shall be 

suspended for credit and no credit of Bonds pursuant to the 

Issue will be made into the accounts of such Applicants. 

Application Form submitted by Applicants whose beneficiary 

accounts are inactive shall be rejected. Furthermore, in case no 

corresponding record is available with the Depositories, which 

match three parameters, namely, DP ID, Client ID and PAN, then 

such Applications are liable to be rejected. 

25. PAN 

Any Application Form without the PAN (or submitting the GIR 

number instead of the PAN) is liable to be rejected, irrespective 

of the amount of transaction. In accordance with SEBI circular 

dated April 27, 2007, the PAN would be the sole identification 

number for the participants transacting in the Indian securities 

market, irrespective of the amount of transaction. Further, with 

effect from August 16, 2010, beneficiary accounts of Applicants 

for whom PAN details have not been verified have been 

suspended for credit and no credit of Bonds pursuant to the 

Issue will be made into the accounts of such Applicants. 

Therefore, the Applicant (in the case of Applications made in 

joint names, the first Applicant) should mention the PAN allotted 

under the Income Tax Act in the Application Form. However, 

Applications on behalf of the Central or State Government officials 

and officials appointed by the courts in terms of SEBI circular 

dated June 30, 2008 and Applicants residing in the state of Sikkim 

may be exempt from the requirement to specify their PAN for 

transacting in the Indian securities market in terms of SEBI circular 

dated July 20, 2006. However, the exemption for the Central or 

State Government and the officials appointed by the courts and 

for Applicants residing in the State of Sikkim is subject to the 

DPs verifying the veracity of such claims by collecting sufficient 

documentary evidence in support of their claims. At the time of 

ascertaining the validity of these Applications, the Registrar to 

the Issue will check under the Depository records for the 

appropriate description under the PAN field, i.e., either Sikkim 

category or exempt category. 

26. Joint Applications 

Applications by Applicants applying for Allotment in 

dematerialised form can be in single or joint names. If the 

Application Form is submitted in joint names, the Application 

Form should contain only the name of the first Bidder whose 

name should also appear as the first holder of the depository 

account held in joint names. In case of Applications in joint names 

for Allotment of Bonds, the names of the Applicants should be 

the same and appearing in the same order as on the records of the 

DP. In case of Applications in joint names, any payments will be 

made out in favour of the first Applicant and any communications 

will be addressed to the first Applicant. 

14 



27. Additional/Multiple Applications 

For purposes of Allotment of Bonds in the Issue, Applications 

will be grouped based on the PAN, i.e., Applications under the 

same PAN will be grouped together and treated as one Application. 

Two or more Applications will be deemed to be multiple 

Applications if the sole or first applicant is one and the same. 

An Applicant is allowed to make one or more Applications for the 

Series 1 Bonds subject to a minimum Application size of ` 5,000 

and in multiples of ` 1,000 thereafter, for each Application. Any 

Application for an amount below the aforesaid minimum 

Application size will be deemed as an invalid application and 

shall be rejected. However, multiple Applications by the same 

individual Applicant aggregating to a value exceeding `10,00,000 

shall deem such individual Applicant to be a Category III Applicant 

and all such Applications shall be grouped in the Category III 

Portion, for the purpose of determining the basis of Allotment to 

such Applicant. Applications made by any person in individual 

capacity and in capacity as a Karta of an HUF and/or as second 

or third Applicant in case of Applications made in joint names 

will not be treated as a multiple Application. Moreover, a separate 

Application can be made in respect of each scheme of an MF; 

such Applications will not be treated as multiple Applications. 

28. Dos: 

1. Check if you are eligible to apply as per the terms of the 

Prospectus, Abridged Prospectus and applicable law. 

2. Read all the instructions carefully and complete the 

Application Form in the prescribed form 

3. Ensure that you have obtained all necessary approvals from 

the relevant statutory and/or regulatory authorities to apply 

for, subscribe to and/or seek Allotment of Bonds pursuant 

to the Issue. 

4. If the Application Form is submitted in joint names, the 

Application Form should contain only the name of the first 

Bidder whose name should also appear as the first holder of 

the depository account held in joint names. 

5. Ensure that signatures other than in the languages specified 

in the Eighth Schedule to the Constitution of India are 

attested by a Magistrate or a Notary Public or a Special 

Executive Magistrate under official seal. 

6. In case of an HUF applying through its Karta, the Applicant 

is required to specify the name of an Applicant in the 

Application Form as “XYZ Hindu Undivided Family applying 

through PQR”, where PQR is the name of the Karta. 

7. Ensure that the Application Forms (for non-ASBA 

Applicants) are submitted at the collection centres provided 

in the Application Forms, bearing the stamp of a Member of 

the Syndicate or a Trading Members of the Stock Exchange, 

as the case may be. 

8. Ensure that the DP ID, Client ID and PAN mentioned in the 

Application Form are correct and match the details available 

in the Depository’s database, and that the beneficiary 

account is activated for Allotment/trading of Bonds in 

dematerialised form. 

9. Ensure that you have been given a transaction registration 

slip (“TRS”) and an acknowledgment as proof of having 

accepted the Application Form. 

10. Ensure that the name(s) provided in the Application Form is 

exactly the same as the name(s) in which the beneficiary 

account is held with the DP. In case the Application Form is 

submitted in joint names, ensure that the beneficiary account 

is also held in same joint names and such names are in the 

same sequence in which they appear in the Application Form. 

11. Except in the case of ASBA Applications and Direct Online 

Applications using the online payment facility offered 

through the Stock Exchanges, Applicants are requested to 

write their names and Application serial number on the reverse 

of the instruments by which the payments are made. 

12. Tick the relevant box for the ‘Category of Investor’ provided 

in the Application Form. 

13. Tick the relevant box for the ‘Mode of Application’ provided 

in the Application Form, choosing either ASBA or Non-ASBA 

mechanism. 

14. Tick the series of Bonds in the Application Form that you 

wish to apply for. 

15. Ensure that you have obtained all necessary approvals from 

the relevant statutory and/or regulatory authorities to apply 

for, subscribe to and/or seek Allotment of the Bonds. 

16. Ensure that the Application Forms are submitted to a Member 

of the Syndicate or Trading Member of a Stock Exchange, as 

the case may be, for Applications other than ASBA 

Applications/Direct Online Applications, before the closure 

of Application hours on the Issue Closing Date. For 

information on the Issue programme, see “Terms of the Issue 

– Issue Period” on page 114 of the Prospectus. 

17. In case of revision of an Application during the Issue Period, 

ensure that you have first withdrawn your original 

Application and then submit a fresh Application. 

18. Ensure what the Demographic Details including PAN are 

updated, true and correct in all respects. 

29. Don’ts: 

1. Do not apply if you are not competent to contract under the 

Indian Contract Act, 1872 or if you are otherwise ineligible to 

acquire Bonds under applicable law or your relevant 

constitutional documents or otherwise. 

2. Do not apply such that the number of Bonds applied for 

exceeds the Issue size (including retention of 

oversubscription), and/or investment limit applicable to you 

under applicable laws or regulations. 

3. Do not make an Application for lower than the minimum 

Application size. 



4. Do not send Application Forms by post; instead submit the 

same to a Member of the Syndicate, Trading Member of a 

Stock Exchange or Designated Branch of an SCSB, as the 

case may be. Applicants other than ASBA Applicants should 

not submit the Application Form directly to the Escrow 

Collection Bank(s). 

5. Do not submit incorrect details of the DP ID, Client ID and 

PAN or provide details for a beneficiary account which is 

suspended or for which details cannot be verified by the 

Registrar to the Issue. Do not submit the GIR number instead 

of the PAN. 

6. Do not pay the Application Amount in cash, by money order 

or by postal order or by stockinvest. 

7. Do not submit the Application Forms without the full 

Application Amount for the number of Bonds applied for. 

8. Do not submit Applications on plain paper or on incomplete 

or illegible Application Forms. 

9. Do not submit an Application in case you are not eligible to 

acquire Bonds under applicable law or your relevant 

constitutional documents or otherwise. 

10. Do not submit an Application that does not comply with the 

securities law of your respective jurisdiction. 

11. Do not submit an Application to the Escrow Collection 

Bank(s), unless such Escrow Collection Bank is a Designated 

Branch of a SCSB where the ASBA Account is maintained, in 

case of ASBA Application. 

Additional Instructions Specific to ASBA Applicants 

30. Dos: 

1. Check if you are eligible to Apply under ASBA; 

2. Ensure that you tick the ASBA option in the Application 

Form and provide correct details of your ASBA Account 

including bank account number/bank name and branch; 

3. Ensure that your Application Form is submitted either at a 

Designated Branch of a SCSB where the ASBA Account is 

maintained or with the Members of the Syndicate or Trading 

Members of the Stock Exchanges at the Specified Cities, and 

not directly to the Escrow Collection Bank(s) (assuming that 

such bank is not an SCSB) or to the Company or the Registrar 

to the Issue; 

4. Before submitting physical Application Form with the 

Member of the Syndicate at the Specified Cities ensure that 

the SCSB, whose name has been filled in the Application 

Form, has a branch in that centre. 

5. In case of ASBA Applications through Syndicate ASBA, 

before submitting the physical Application Form to a Member 

of the Syndicate, at the Specified Cities or Trading Member 

of the Stock Exchanges, ensure that the SCSB where the 

ASBA Account, as specified in the Application Form, is 

maintained has named at least one branch in that specified 

city for the Members of the Syndicate or Trading Members 

of the Stock Exchanges, as the case may be, to deposit 

Application Forms (A list of such branches is available at 

http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/ 

Recognised-Intermediaries); 

6. Ensure that the Application Form is signed by the ASBA 

Account holder in case the ASBA Applicant is not the account 

holder; and 

7. Ensure that the ASBA Account holder has funds equal to 

the Application Amount in the ASBA Account before 

submitting the Application Form. 

8. Ensure that you have correctly ticked, provided or checked 

the authorisation box in the Application Form, or otherwise 

have provided an authorisation to the SCSB via the electronic 

mode, for blocking funds in the ASBA Account equivalent 

to the Application Amount mentioned in the Application 

Form; and 

9. Ensure that you have received an acknowledgement from 

the Designated Branch or the Member of the Syndicate or 

Trading Member of the Stock Exchanges, as the case maybe 

for submission of the Application Form. 

31. Don’ts: 

1. Do not submit the Application Amount in any mode other 

than through blocking of Application Amount in the ASBA 

Accounts; 

2. Do not submit the Application Form to the Members of the 


the case may be, at a location other than the Specified Cities. 

3. Do not send your physical Application Form by post; instead 

submit the same to a Designated Branch of an SCSB or 

Member of the Syndicate or Trading Members of the Stock 

Exchanges, as the case may be, at the Specified Cities; and 

4. Do not submit more than five Application Forms per ASBA 

Account. 

ASBA Applications submitted to the Members of the Syndicate 

or Trading Members of the Stock Exchanges at the Specified 

Cities will not be accepted if the SCSB where the ASBA Account, 

as specified in the Application Form, is maintained has not named 

at least one branch at that specified city for the Members of the 

Syndicate or Trading Members of the Stock Exchanges, as the 

case may be, to deposit such Application Forms. A list of such 

branches is available at http://www.sebi.gov.in/sebiweb/home/list/ 

5/33/0/0/Recognised-Intermediaries. See “Rejection of 

Applications” on page 146 of the Prospectus for information on 

rejection of Applications. 

For further instructions, Applicants are advised to read the 

Prospectus, Abridged Prospectus and Application Form. 

32. ADDITIONAL INSTRUCTIONS FOR APPLICANTS 

SEEKING ALLOTMENT OF BONDS IN PHYSICAL FORM 

Any Applicant who subscribes to the Bonds in physical form 

shall undertake the following steps: 

16 



• Complete the Application Form in all respects, by providing 

all the information including PAN and Demographic 

Details. However, do not provide DP details in the Application 

Form. The requirement for providing DP details shall be 

mandatory only for Applicants who wish to subscribe to the 

Bonds in dematerialised form. 

• Provide the following documents with the Application Form: 

(a) Self-attested copy of the PAN card 

(b) Proof of identification in case of Applications by or on 

behalf of the Central or State Government and the officials 

appointed by the courts and by Applicants residing in 

the State of Sikkim. Any of the following documents shall 

be considered as a verifiable proof of residence: 

• valid passport issued by the GoI; or 

• voter’s identity card issued by the GoI; or 

• valid driving license issued by any transport authority of the 

Republic of India; or 

• Government ID card; or 

• Defense ID card; or 

• ration card issued by the GoI 

(c) Self-attested copy of proof of residence. Any of the 

following documents shall be considered as a verifiable 

proof of residence: 

• ration card issued by the GoI; or 

• valid driving license issued by any transport authority of 

the Republic of India; or 

• electricity bill (not older than three months); or 

• landline telephone bill (not older than three months); or 

• valid passport issued by the GoI; or 

• voter’s identity card issued by the GoI; or 

• passbook or latest bank statement issued by a bank operating 

in India; or 

• registered leave and license agreement or agreement for sale 

or rent agreement or flat maintenance bill. 

• AADHAR letter, issued by Unique Identification Authority 

of India, GoI. 

(d) Self-attested copy of a cancelled cheque of the bank 

account to which the amounts pertaining to payment of 

refunds, interest and redemption, as applicable, should 

be credited. In the absence of such cancelled cheque, 

the Company reserves the right to reject the Application 

or to consider the bank details given on the Application 

Form at its sole discretion. In such case the Company, 

the Lead Managers and the Registrar to the Issue shall 

not be liable for any delays/errors in payment of refund 

and/or interest. 

The Applicant shall be responsible for providing the above 

information accurately. Delays or failure in credit of the payments 

due to inaccurate details shall be at the sole risk of the Applicants 

and neither the Lead Managers nor the Company shall have any 

responsibility and undertake any liability for the same. 

Applications for Allotment of the Bonds in physical form, which 

are not accompanied with the above stated documents, may be 

rejected at the sole discretion of the Company. 

In relation to the issuance of the Bonds in physical form, note the 

following: 

1. An Applicant has the option to seek Allotment of Bonds in 

either dematerialised or physical mode. However, an Applicant 

can seek Allotment of Bonds in physical mode only if the 

Applicant does not have a beneficiary account. No partial 

Application for the Bonds shall be permitted; any such 

partial Application is liable to be rejected. 

2. Any Applicant who provides Depository Participant details 

in the Application Form shall be Allotted the Bonds in 

dematerialised form only, irrespective of whether such 

applicant has provided the details required for Allotment 

in physical form. Such Applicant shall not be Allotted Bonds 

in physical form. 

3. In case of Bonds issued in physical form, the Company will 

issue one certificate to the holders of the Bonds for the 

aggregate amount of the Bonds for the Series 1 Bonds that 

are applied for (each such certificate, a “Consolidated Bond 

Certificate”). 

4. The Company shall dispatch the Consolidated Bond 

Certificate to the (Indian) address of the Applicant provided 

in the Application Form, within the time and in the manner 

stipulated under Section 113 of the Companies Act read with 

the Company’s Articles of Association. 

All terms and conditions disclosed in relation to the Bonds held 

in physical form pursuant to rematerialisation shall be applicable 

mutatis mutandis to the Bonds issued in physical form. 

The Applicant shall be responsible for providing the above 

information and KYC documents accurately. Delay or failure in 

credit of payments or receipt of Allotment Advice or Bond 

certificates due to inaccurate or incomplete details shall be at 

the sole risk of the Applicants and the Lead Managers, the 

Company and the Registrar to the Issue shall have no 

responsibility and undertake no liability in this relation. In case 

of Applications for Allotment of Bonds in physical form, which 

are not accompanied with the aforestated documents, Allotment 

of Bonds in physical form may be held in abeyance by the 

Registrar to the Issue, pending receipt of KYC documents. 

33. PAYMENT INSTRUCTIONS 

The entire Application Amount is payable at the time of submitting 

the Application Form. In case of ASBA Applicants, the entire 

Application Amount will be blocked in the ASBA Account. In 

case of Allotment of a lesser number of Bonds than applied for, 

the Company will refund the excess amount paid on Application 



to the Applicant (or the excess amount shall be unblocked in the 

ASBA Account, as the case may be). 

34. Payment mechanism for ASBA Applicants 

ASBA Applicants are required to specify the ASBA Account 

number in the Application Form. ASBA Applications submitted 

to the Members of the Syndicate or Trading Members of the 

Stock Exchanges at the Specified Cities will be uploaded onto the 

electronic system of the Stock Exchanges and deposited with the 

relevant branch of the SCSB at the specified city named by such 

SCSB to accept such ASBA Applications from the Members of 

the Syndicate or Trading Members of the Stock Exchanges, as 

the case may be (A list of such branches is available at http:// 

www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised- 

Intermediaries). The relevant branch of the SCSB will perform 

verification procedures and block an amount in the ASBA 

Account equal to the Application Amount specified in the ASBA 

Application. 

For ASBA Applications submitted directly to the SCSBs, the 

relevant SCSB will block an amount in the ASBA Account equal 

to the Application Amount specified in the ASBA Application, 

before entering the ASBA Application into the electronic system. 

SCSBs may provide the electronic mode of Application either 

through an internet enabled application and banking facility or 

such other secured, electronically enabled mechanism for 

application and blocking of funds in the ASBA Account. For 

ASBA Applications, the SCSBs, will block Application Amount 

only against/in a funded deposit account and ensure that clear 

demarcated funds are available for ASBA Applications and no 

lien shall be marked against credit limits/overdraft facility of 

account holders for ASBA Application, in accordance with SEBI 

circular CIR/CFD/DIL/12/2012 dated September 13, 2012 

ASBA Applicants should ensure that they have funds equal to 

the Application Amount in the ASBA Account before submitting 

the ASBA Application to the Members of the Syndicate or 

Trading Members of the Stock Exchanges, as the case may be, at 

the Specified Cities or to the Designated Branches of SCSBs. 

An ASBA Application where the corresponding ASBA Account 

does not have sufficient funds equal to the Application Amount at 

the time of blocking the ASBA Account is liable to be rejected. 

The Application Amount will remain blocked in the ASBA 

Account until approval of the Basis of Allotment and consequent 

transfer of the amount to the Public Issue Account(s), or until 

withdrawal/failure of the Issue or until withdrawal/rejection of 

the Application Form, as the case may be. Once the Basis of 

Allotment is approved, the Registrar to the Issue will send an 

appropriate request to the controlling branch of the SCSB for 

unblocking the relevant ASBA Accounts and for transferring the 

amount pertaining to Bonds allocable to the successful ASBA 

Applicants to the Public Issue Account(s). In case of withdrawal/ 

failure of the Issue/refund, the blocked amount will be unblocked 

on receipt of such information from the Registrar to the Issue. 

35. Escrow Mechanism for Applicants other than ASBA 

Applicants 

The Company will open Escrow Account(s) with each of the 

Escrow Collection Bank(s) in whose favour the Applicants (other 

than ASBA Applicants) will make out the cheque or demand draft 

in respect of their Application. 

Cheques or demand drafts received for the full Application Amount 

from Applicants/payments received through the online payment 

facility offered by Stock Exchanges would be deposited in the 

Escrow Account(s). All cheques/bank drafts accompanying the 

Application should be crossed “A/c Payee only” and made 

payable to “Dredging Corporation Tax Free Bonds 2013 – Escrow 

Account”. 

Application Amounts paid through the online payment facility 

of the Stock Exchanges will also be deposited in the Escrow 

Account(s). 

The Escrow Collection Bank(s) will maintain the monies in the 

Escrow Account(s) until documents for creation of security for 

the Bonds are executed. The Escrow Collection Bank(s) will not 

exercise any lien whatsoever over the monies deposited therein 

and will hold the monies therein in trust for the Applicants. On 

the Designated Date, the Escrow Collection Bank(s) will transfer 

the funds represented by Allotment of Bonds (other than in 

respect of Allotment to successful ASBA Applicants) from the 

Escrow Account(s), as per the terms of the Escrow Agreement, 

into the Public Issue Account(s)), provided that the Company 

will have access to such funds only after receipt of final listing 

and trading approvals from the BSE and execution of the 

Debenture Trustee Agreement and Security Documents. The 

balance amount after transfer to the Public Issue Account(s) will 

be transferred to the Refund Account. Payments of refund to the 

relevant Applicants will be made from the Refund Account as per 

the terms of the Escrow Agreement and the Prospectus. 

36. Payment into Escrow Account 

Each Applicant will draw a cheque or demand draft or remit the 

funds electronically through the mechanisms for the Application 

Amount as per the following terms: 

(a) All Applicants would be required to pay the full Application 

Amount for the number of Bonds applied for, at the time of 

the submission of the Application Form. 

(b) The Applicants will, with the submission of the Application 

Form, draw a cheque/demand draft for the full Application 

Amount in favour of the Escrow Account and submit the 

same to Escrow Collection Bank(s). If the payment is not 

made favouring the Escrow Account with the Application 

Form, the Application is liable to be rejected. Application 

Forms accompanied by cash, stock invest, money order or 

postal order will not be accepted. 

(c) The cheque/demand draft for payment into the Escrow 

Account should be drawn in favour of “Dredging 

Corporation Tax Free Bonds 2013 – Escrow Account”. 

18 



(d) Payments should be made by cheque or demand draft drawn 

on any bank (including a cooperative bank) which is situated 

at and is a member of or sub-member of the bankers’ clearing 

house located at the centre where the Application Form is 

submitted. Outstation cheques, post-dated cheques and 

cheques/bank drafts drawn on banks not participating in 

the clearing process will not be accepted and Applications 

accompanied by such cheques or bank drafts are liable to be 

rejected. Cash/stockinvest/money orders/postal orders will 

not be accepted. Cheques without the nine digit MICR code 

are liable to be rejected. 

(e) Applicants are advised to provide the number of the 

Application Form on the reverse of the cheque or bank draft 

to avoid misuse of instruments submitted with the 

Application Form. 

(f) The monies deposited in the Escrow Accounts will be held 

for the benefit of the Applicants (other than ASBA 

Applicants) till the Designated Date. 

(g) On the Designated Date, the Escrow Collection Banks shall 

transfer the funds from the Escrow Accounts as per the terms 

of the Escrow Agreement into the Public Issue Account(s) 

with the Bankers to the Issue and the refund amount shall be 

transferred to the Refund Account. 

37. Payment by cash/stockinvest/money order 

Payment through cash/stockinvest/money order will not be 

accepted in the Issue. 

38. Online Applications 

The Company may decide to offer an online Application facility 

for the Bonds, as and when permitted by applicable laws, subject 

to the terms and conditions prescribed. 

SUBMISSION OF DULY COMPLETED APPLICATION FORMS 

Mode of Submission of Application Forms To whom the 

Application Form has to be submitted 

ASBA Applications (i) If using physical Application Form, (a) 

to the Members of the Syndicate or 

Trading Members of the Stock Exchanges 

only at the Specified Cities (“Syndicate 

ASBA”), or (b) to the Designated 

Branches of SCSBs where the ASBA 

Account is maintained; or(ii) If using 

electronic Application Form, to the 

SCSBs, electronically through internet 

banking facility, if available. 

Non-ASBA The Members of the Syndicate or Trading 

Applications Members of the Stock Exchanges. 

(other than Note: Applications for Allotment in 

Direct Online physical form can be made only by using 

Applications) non-ASBA Applications (other than 

Direct Online Applications). 

No separate receipts will be issued for the Application Amount 

payable on submission of Application Form. However, the Lead 

Managers/Lead Brokers/Trading Members of Stock Exchanges 

will acknowledge the receipt of the Application Forms by stamping 

the date and returning to the Applicants an acknowledgement 

slip which will serve as a duplicate Application Form for the records 

of the Applicant. 

39. Applicants other than ASBA Applicants are advised not to 

submit Application Forms directly to Escrow Collection Bank(s); 

and the same are liable to be rejected and the Applicants will not 

be entitled to any compensation whatsoever. 

40. REJECTION OF APPLICATIONS 

The Company reserves its full, unqualified and absolute right to 

accept or reject any Application in whole or in part and in either 

case without assigning any reason thereof. Applications would 

be liable to be rejected on one or more technical grounds, 

including but not restricted to the following: 

• Applications where a registered address in India is not 

provided for the Applicant. 

• Applications by persons who are not eligible to acquire 

Bonds of the Company in terms of applicable laws, rules, 

regulations, guidelines and approvals, including 

Applications by persons not competent to contract under 

the Indian Contract Act, 1872 (including a minor without a 

guardian name) and Applications by OCBs. 

• In case of partnership firms, Bonds may be registered in the 

names of the individual partners and no firm as such will be 

entitled to apply. However, a limited liability partnership firm 

can apply in its own name. 

• In case of Applications under power of attorney or by 

corporates, trusts, societies, etc., relevant documents are 

not submitted. 

• Applications accompanied by Stockinvest/money order/ 

postal order/cash. 

• Applications for an amount below the minimum Application 

size. 

• Applications for amounts greater than the maximum 

permissible amounts prescribed by the regulations and 

applicable law. 

• Applications without payment of the entire Application 

Amount. However, the Company may Allot Bonds up to the 

value of Application Amounts paid, if such Application 

Amounts exceed the minimum Application size prescribed 

hereunder. 

• Application Amount paid not tallying with the number of 

Bonds applied for. However, the Company may Allot Bonds 

up to the value of Application Amounts paid, if such 

Application Amounts exceed the minimum Application size 

prescribed hereunder. 



• Applications for a number of Bonds which is not in a multiple 

of one. 

• Submission of more than five ASBA Applications per ASBA 

Account. 

• PAN not mentioned in the Application Form, except for 

Applications by or on behalf of the Central or State 

Government and the officials appointed by the courts and 

by Applicants residing in the State of Sikkim, provided such 

claims have been verified by the DPs. 

• GIR number furnished instead of PAN. 

• DP ID, Client ID and bank account not mentioned in the 

Application Form, in case of Allotment in dematerialised form. 

• ASBA Applications not having details of the ASBA Account 

to be blocked. 

• Authorisation to the SCSB for blocking funds in the ASBA 

Account not provided. 

• Signature of sole and/or joint Applicants missing. In case of 

joint Applicants, the Application Forms not being signed by 

each of the joint Applicants (in the same sequence as they 

appear in the records of the Depository). 

• ASBA Application Forms not signed by the ASBA Account 

holder, if the ASBA Account holder is different from the 

Applicant. 

• Application Forms submitted to the Members of the 

Syndicate or Trading Members of the Stock Exchanges does 

not bear the stamp of the relevant Member of the Syndicate 

or Trading Member of the Stock Exchanges, as the case may 

be. ASBA Applications submitted directly to the Designated 

Branches of SCSBs does not bear the stamp of the SCSB 

and/or the Designated Branch and/or Member of the 


the case may be. 

• ASBA Bids by SCSBs through ASBA Account maintained 

with itself. 

• In case of Allotment in dematerialised form, no corresponding 

record is available with the Depositories that matches three 

parameters, namely, DP ID, Client ID and PAN or if PAN is 

not available in the Depository database. 

• With respect to ASBA Applications, inadequate funds in the 

ASBA Account to enable the SCSB to block the Application 

Amount specified in the ASBA Application Form at the time 

of blocking such Application Amount in the ASBA Account 

or no confirmation is received from the SCSB for blocking of 

funds. 

• With respect to non-ASBA Applicants, Applications where 

clear funds are not available in Applicants Accounts as per 

final certificates from Escrow Collection Bank(s). 

• Applications by persons debarred from accessing capital 

markets, by SEBI or any other regulatory authority. 

• Applications not uploaded on the terminals of the Stock 

Exchanges. 

• Applications uploaded after the expiry of the allocated time 

on the Issue Closing Date, unless extended by the Stock 

Exchanges, as applicable. 

• Applications by Applicants whose beneficiary accounts have 

been ‘suspended for credit’ pursuant to the circular issued 

by SEBI on July 29, 2010 bearing number CIR/MRD/DP/22/ 

2010. 

• Where PAN details in the Application Form and as entered 

into the electronic systems of the Stock Exchanges, are not 

as per the records of the Depositories. 

• ASBA Applications submitted to the Members of the 

Syndicate or Trading Members of the Stock Exchanges at 

locations other than the Specified Cities or at a Designated 

Branch of a SCSB where the ASBA Account is not 

maintained, and ASBA Applications submitted directly to an 

Escrow Collection Bank (assuming that such bank is not a 

SCSB), to the Company or the Registrar to the Issue. 

• Application Forms not delivered by the Applicant within the 

time prescribed as per the Application Form, Prospectus and 

as per the instructions in the Application Form, and the 

Prospectus. 

• Application Form accompanied with more than one cheque. 

• Date of Birth for first/sole Applicant for persons applying 

for Allotment of Bonds in physical form not mentioned in the 

Application Form; 

ASBA Applications submitted to the Members of the Syndicate 

or Trading Members of the Stock Exchanges at the Specified 

Cities will not be accepted if the SCSB where the ASBA Account, 

as specified in the ASBA Form, is maintained has not named at 

least one branch at that Specified City for the Members of the 

Syndicate or Trading Members of the Stock Exchanges, as the 

case may be, to deposit ASBA Applications (A list of such branches 

is available at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/ 

0/Recognised-Intermediaries) . 

For information on certain procedures to be carried out by the 

Registrar to the Issue for finalisation of the Basis of Allotment, 

see “Issue Procedure - Information for Applicants” on page 

150. For information on payment of refunds, see “Terms of the 

Issue - Payment of Refunds” on page 117 of the Prospectus. 

41. ELECTRONIC REGISTRATION OF APPLICATIONS 

(a) The Members of the Syndicate, Trading Members of the 

Stock Exchanges and Designated Branches of SCSBs, as the 

case may be, will register Applications using the online 

facilities of the Stock Exchanges. There will be at least one 

online connection in each city where Applications are being 

accepted. Direct Online Applications will be registered by 

20 



Applicants using the online platform offered by the Stock 

Exchanges. The Company, the Members of the Syndicate, 

Trading Members of the Stock Exchanges, Escrow Collection 

Bank(s) and the Registrar to the Issue are not responsible 

for any acts, mistakes or errors or omission and 

commissions in relation to: (i) Applications accepted by the 

SCSBs, (ii) Applications uploaded by the SCSBs, (iii) 

Applications accepted but not uploaded within the time 

permitted by the Stock Exchanges by the SCSBs, (iv) 

Applications accepted and uploaded by the SCSBs without 

blocking funds in the ASBA Accounts, (v) Applications 

accepted by the Trading Members of the Stock Exchanges, 

or (v) any Online Direct Applications. 

(b) In case of apparent data entry error by the Lead Managers, 

Members of the Syndicate, Trading Members of the Stock 

Exchanges, Escrow Collection Bank(s) or Designated 

Branches of SCSBs, as the case may be, in entering the 

Application Form number in their respective schedules other 

things remaining unchanged, the Application Form may be 

considered as valid and such exceptions may be recorded in 

minutes of the meeting submitted to the Designated Stock 

Exchange. 

(c) The Stock Exchanges will offer an electronic facility for 

registering Applications, which will be available during the 

Issue Period on the terminals of the Consortium Members/ 

Lead Brokers and sub-Brokers, Trading Members of the Stock 

Exchanges and the SCSBs. The Members of the Syndicate 

and Trading Members of the Stock Exchanges can also set 

up facilities for offline electronic registration of Applications 

subject to the condition that they will subsequently upload 

the offline data file into the online facilities for Applications 

on a regular basis, and before the expiry of the allocated time 

on the Issue Closing Date. On the Issue Closing Date, the 


Exchanges and Designated Branches of SCSBs will upload 

Applications until such time as may be permitted by the 

Stock Exchanges. This information will be available with the 


Exchanges and Designated Branches of SCSBs on a regular 

basis. A high inflow of Applications on the Issue Closing 

Date may lead to some Applications received on such day not 

being uploaded; such Applications will not be considered 

for allocation. Applicants are therefore advised to submit 

their Applications well in advance of the closing time of 

acceptance of Applications on the Issue Closing Date. For 

further information on the Issue programme, see “Terms of 

the Issue – Issue Period” on page 114 of the Prospectus. 

(d) At the time of registering each Application, other than ASBA 

Applications and Direct Online Applications, the members 

of the Syndicate or Trading Members of the Stock Exchanges 

will enter the requisite details of the Applicants in the online 

system including: 

• Application Form number 

• PAN of the sole/first Applicant 

• Investor category and sub-category 

• DP ID 

• Client ID 

• Series of Bonds applied for 

• Number of Bonds Applied for in each Series of Bond 

• Price per Bond 

• Application amount 

• Cheque number 

(e) With respect to ASBA Applications submitted directly to 

the SCSBs at the time of registering each Application, the 

Designated Branches will enter the requisite details of the 

Applicants in the online system including: 




• DP ID 

• Client ID 




• Bank code for the SCSB where the ASBA Account is 

maintained 

• Bank account number 


(f) With respect to ASBA Applications submitted to the 


Exchanges at the Specified Cities, at the time of registering 

each Application, the requisite details of the Applicants will 

be entered in the online system including: 




• DP ID 

• Client ID 




• Bank code for the SCSB where the ASBA Account is 

maintained 

• Location of Specified City 

• Bank account number 




(g) A system generated acknowledgement slip will be issued to 

the Applicant as a proof of the registration of each 

Application. It is the Applicant’s responsibility to obtain the 

acknowledgement slip stamped with date and time from the 


Exchanges and Designated Branches of the SCSBs, as the 

case may be. Registration of the Application by the Members 

of the Syndicate, Trading Members of the Stock Exchanges 

and Designated Branches of SCSBs, as the case may be, 

does not guarantee that Bonds will be allocated/Allotted by 

the Company. The acknowledgement slip will be nonnegotiable 

and by itself will not create any obligation of any 

kind. 

(h) Applications can be rejected on the technical grounds listed 

on page 146 or if all required information is not provided or 

the Application Form is incomplete in any respect. 

(i) The permission granted by the Stock Exchanges to use their 

network and software of the online system should not in any 

way be deemed or construed to mean that the compliance 

with various statutory and other requirements by the 

Company and/or the Lead Managers are cleared or approved 

by the Stock Exchanges; nor does it in any manner warrant, 

certify or endorse the correctness or completeness of any of 

the compliance with the statutory and other requirements 

nor does it take any responsibility for the financial or other 

soundness of the Company, the management or any scheme 

or project of the Company; nor does it in any manner warrant, 

certify or endorse the correctness or completeness of any of 

the contents of the Prospectus; nor does it warrant that the 

Bonds will be listed or will continue to be listed on the Stock 

Exchanges. 

(j) Only Applications that are uploaded on the online system of 

the Stock Exchanges will be considered for allocation/ 

Allotment. The Members of the Syndicate, Trading Members 

of the Stock Exchanges and Designated Branches of SCSBs 

will capture all data relevant for the purposes of finalising 

the Basis of Allotment while uploading Application data in 

the electronic systems of the Stock Exchanges. In order that 

the data so captured does not match with the Depository 

details, the Members of the Syndicate, Trading Members of 

the Stock Exchanges and Designated Branches of SCSBs 

will have up to one Working Day after the Issue Closing 

Date to modify/verify certain selected fields uploaded in the 

online system during the Issue Period after which the data 

will be sent to the Registrar to the Issue for reconciliation 

with the data available with the NSDL and CDSL. 

TERMS OF THE ISSUE 

GENERAL TERMS OF THE ISSUE 

42. Authority for the Issue 

Public issue of tax-free bonds of face value of ` 1,000 each in the 

nature of secured, redeemable, non-convertible debentures having 

tax benefits under section 10(15)(iv)(h) of the income tax act, 1961, as 

amended, aggregating up to ` 5,000 million* in the fiscal year 2013. 

The Issue is being made under the provisions of SEBI Debt 

Regulations and CBDT Notification by virtue of powers conferred 

upon it by item (h) of sub-clause (iv) clause (15) of section 10 of 

the income tax act, 1961 (43 of 1961). 

*In terms of CBDT Notification, besides the public issue, our 

Company may also raise Bonds through private placement route 

in one or more tranches during the process of the present Issue, not 

exceeding `1,250 million, i.e. upto 25% of the allocated limit for 

raising funds through tax free Bonds during Fiscal Year 2013, at 

its discretion. Our Company shall ensure that Bonds issued through 

public issue route and private placement route shall together not 

exceed ` 5,000 million. In case our Company raises funds through 

private placement during the process of the present Issue, the limit 

for the Issue shall get reduced by such amount raised. 

The Board, at the meetings held on November 10, 2012 approved 

the Issue of the Bonds in the nature of secured redeemable nonconvertible 

bonds, by public issue(s) and/or on private 

placements(s) basis in India to eligible investors, in one or more 

tranches, in the aggregate amount of up to ` 5000 million during 

Fiscal 2013, as allocated in the CBDT Notification. 

43. Terms & Conditions of the Issue 

The terms and conditions of Bonds being offered in the Issue are 

subject to the Companies Act, the SEBI Debt Regulations, the 

Debt Listing Agreement, the CBDT Notification, the Prospectus, 

the Application Form, the Abridged Prospectus and other terms 

and conditions as may be incorporated in the Debenture Trustee 

Agreement dated February 25, 2013 (“Debenture Trustee 

Agreement”) entered into between the Company and GDA 

Trusteeship Limited (in its capacity as the “Debenture Trustee”, 

which expression will include its successor(s)) as trustee), as 

well as laws applicable from time to time, including rules, 

regulations, guidelines, notifications and any statutory 

modifications or re-enactments including those issued by GoI, 

SEBI, RBI, the Stock Exchange and/or other authorities and other 

documents that may be executed in respect of the Bonds. 

For more information, see “Issue Structure” on page 107 of the 

Prospectus. 

44. Face Value 

The face value of each Bond is ` 1,000. 

Security 

The Bonds will be secured by 

Land (at Visakhapatnam) 

` 3.6 million 

Security of five – Dredgers, viz. Dredgers 

– XV, XVI, XVII, XVIII and Back Hoe ` 4,780 million 

Assignment of Bank Guarantees received 

against advance paid by the Company 

for the third Trailer Suction Hopper 

Dredger - Dredge –XXI 

` 500 million. 

Total 

` 5,283.6 million 

22 



Further, the bank guarantees as and when received against ayment 

of advance to the builder will be further assigned during the 

period to act as top up to cover the depreciation of the Dredgers. 

Once the New Dredger (Dr-XXI) is delivered which is scheduled 

for January, 2014, the charge on all these assets will be withdrawn 

and security will then be created against the new dredger. The 

Company shall further provide an asset cover of one time of the 

total outstanding amount of Bonds, pursuant to the terms of the 

Debenture Trustee Agreement. It will be ensured that the market 

value of the movable / immovable properties against which the 

Bond shall be secured shall cover 100% of amount of the Bond 

throughout the tenure of the Bonds. The Bondholders are entitled 

to the benefit of the Debenture Trustee Agreement and are bound 

by and are deemed to have notice of all provisions of the Debenture 

Trustee Agreement. 

45. Credit Rating 

Brickwork has, by its letter no. BWR/BNG/RL/2012-13/0528 dated 

February 19, 2013, assigned a rating of “BWR AA+ (SO) (Outlook: 

Stable)” to the Bonds. Instrument with this rating are considered 

to have high degree of safety regarding timely servicing of 

financial obligations. Such instruments carry very low credit risk. 

CARE has, by its letter dated February 23, 2013, assigned a rating 

of “CARE AA (Double A)” to the Bonds. Instruments with this 

rating are considered to have high degree of safety regarding 

timely servicing of financial obligations. Such instruments carry 

very low credit risk. These ratings are not a recommendation to 

buy, sell or hold securities, and investors should take their own 

decision. These ratings are subject to revision or withdrawal at 

any time by the assigning rating agency(ies) and should be 

evaluated independently of any other ratings. For the rationale 

for these ratings, please see “Annexure A - Credit Ratings”. 

46. Issue Period 

Issue Opens On March 7, 2013 

Issue Closes On March 15, 2013 

The Issue shall open for subscription from 10 a.m. to 5 p.m. during 

the period indicated above with an option for early closure 

(subject to the Issue being open for a minimum of three Working 

Days) which may be extended up to 30 Working Days from the 

date of opening of the Issue, as may be decided by the Board of 

Directors. In the event of such early closure or extension of the 

subscription list of the Issue, the Company shall ensure that 

public notice of such early closure/extension is published on or 

before such early date of closure or the Issue Closing Date, as 

applicable, through advertisement(s) in a leading national daily 

newspaper. 

Applications Forms for the Issue will be accepted only between 

10 a.m. and 5.00 p.m. (Indian Standard Time) or such extended 

time as may be permitted by the Stock Exchange during the Issue 

Period mentioned above, on all Working Days, i.e., between 

Monday and Friday, both inclusive, barring public holidays: (i) 

by the Members of the Syndicate or Trading Members of the 

Stock Exchange(s), as the case may be, at the centres mentioned 

in the Application Form through the non-ASBA mode, or (ii) in 

case of ASBA Applications, (a) directly by Designated Branches 

of SCSBs or (b) by the centres of the Members of the Syndicate 

or Trading Members of the Stock Exchange(s), as the case may 

be, only at the specified cities (Mumbai, Chennai, Kolkata, Delhi, 

Ahmedabad, Rajkot, Jaipur, Bengaluru, Hyderabad, Pune, 

Vadodara and Surat) (“Specified Cities”), except that on the Issue 

Closing Date, Application Forms will be accepted only between 

10 a.m. and 3.00 p.m. (Indian Standard Time) and uploaded until 

5.00 p.m (Indian Standard Time) or such extended time as may be 

permitted by the Stock Exchange (after taking into account the 

total number of Applications received up to the closure of timings 

for acceptance of Application Forms as stated herein). 

Due to limitation of time available for uploading Applications on 

the Issue Closing Date, Applicants are advised to submit their 

Application Forms one day prior to the Issue Closing Date and, 

no later than 3.00 p.m (Indian Standard Time) on the Issue 

Closing Date. Applicants are cautioned that in the event a large 

number of Applications are received on the Issue Closing Date, 

there may be some Applications which are not uploaded due to 

lack of sufficient time to upload. Such Applications that cannot 

be uploaded will not be considered for allocation under the Issue. 

Application Forms will only be accepted on Working Days. 

Neither the Company, nor the Members of the Syndicate or 

Trading Members of the Stock Exchange shall be liable for any 

failure in uploading Applications due to failure in any software/ 

hardware system or otherwise. 

47. MINIMUM APPLICATION 

5 Bonds and in multiples of one Bond thereafter. The Bonds are 

being issued at par and the full amount of the face value per 

Bond is payable on application. 

48. ESCROW MECHANISM 

Please refer “Issue Procedure – Escrow Mechanism for 

Applicants other than ASBA Applicants” and “Issue Procedure 

– Payment into Escrow Account” on pages 144 and 145, 

respectively of the prospectus. 

49. ALLOTMENT OF BONDS 

Deemed Date of Allotment 

The Deemed Date of Allotment will be the date on which, the 

Board of Directors approves the Allotment of Bonds for the Issue. 

All benefits under the Bonds including payment of interest will 

accrue to the Bondholders from the Deemed Date of Allotment. 

Actual Allotment may occur on a date other than the Deemed 

Date of Allotment. 

50. Group of Applications and Allocation Ratio 

For the purposes of the basis of allotment: 



a) Applications received from Category I Applicants: Applications 

received from Applicants belonging to Category I shall be 

grouped together (“QIB Portion”); 

b) Applications received from Category II Applicants: 

Applications received from Applicants belonging to Category 

II, shall be grouped together (“Domestic Corporate Portion”); 

c) Applications received from Category III Applicants: 


III shall be grouped together (“High Networth Individual 

Portion”); and 

d) Applications received from Category IV Applicants: 


IV shall be grouped together (“Retail Individual Investor 

Portion”). 

Pursuant to the Notification, at least 40% of the Issue size 

shall be reserved for Retail Individual Investors. 

Applications will be consolidated on the basis of PAN for 

classification into various categories. 

For avoidance of doubt, the terms “QIB Portion”, “Domestic 

Corporate Portion”, “High Net Worth Individual Portion” and 

“Retail Individual Investor Portion” are individually referred to 

as a “Portion” and collectively referred to as “Portions”. 

51. Allocation Ratio 

QIB Portion Domestic High Retail 

Corporate Networth Individual 

Portion Individual Investor 

Portion Portion 

40% 10% 10% 40% 

52. Basis of Allotment 

(a) Allotments in the first instance: 

(i) Applicants belonging to the Category I, in the first instance, 

will be allocated Bonds up to 40% of Issue size on first 

come first serve basis which would be determined on the 

basis of the date of upload of each Application into the 

electronic system of the Stock Exchange; 

(ii) Applicants belonging to the Category II, in the first 

instance, will be allocated Bonds up to 10% of Issue size 

on first come first serve basis which would be determined 

on the basis of date of upload of each Application into 

the electronic system of the Stock Exchange; 

(iii) Applicants belonging to the Category III, in the first 



on the basis of date of upload of each Application in to 


(iv) Applicants belonging to the Category IV, in the first 



on the basis of date of upload of each Application in to 


Allotments, in consultation with the Designated Stock 

Exchange, shall be made on a first come first serve basis, 

based on the date of upload of each Application into the 

electronic system of the Stock Exchange, in each Portion, 

subject to the Allocation Ratio. 

The SEBI has granted exemption to our Company from 

compliance with the SEBI Circular No. CIR. /IMD/DF-1/ 

20/2012 July 27, 2012 in connection with the time priority 

vide letter No. IMD/ DoF-1/ DEBT/ VT/ OW/ 28284/ 2012 

dated December 17, 2012 (“SEBI Letter”). Pursuant to 

the SEBI Letter, the Allotment in the Issue will be made 

on the basis of date of upload of each Application into 

the electronic book of the Stock Exchange. In case of 

oversubscription, the Allotment will be made to the 

Applicants on proportionate basis. 

(b) Under Subscription: If there is any under subscription in any 

Portion, priority in allotments will be given in the following order 

on a first come first serve basis in each Portion, based on the 

date of upload of each Application into the electronic system of 

the Stock Exchange, in each Portion: 

(i) Retail Individual Investor Portion 

(ii) QIB Portion 

(iii) Domestic Corporate Portion 

(iv) High Networth Individual Portion 

(c) For each Portion, all Applications uploaded into the electronic 

system of the Stock Exchange in the same day would be 

treated at par with each other. Allotment within a day would 

be on proportionate basis, where Bonds applied for exceeds 

Bonds to be allotted for each Portion respectively. 

(d) Allotments in case of oversubscription: In case of an 

oversubscription, allotments to the maximum extent, as possible, 

will be made on a first come first serve basis and thereafter on a 

proportionate basis in each Portion, determined based on the 

date of upload of each Application into the electronic system of 

the Stock Exchange i.e. full allotment of Bonds to the Applicants 

on a first come first serve basis up to the date falling 1 day prior 

to the date of oversubscription and proportionate allotment of 

Bonds to the Applicants on the date of oversubscription . 

(e) Proportionate Allotments: For each Portion, on the date of 

oversubscription: 

(i) Allotments to the Applicants shall be made in proportion 

to their respective Application size, rounded off to the 

nearest integer. 

(ii) If the process of rounding off to the nearest integer results 

in the actual allocation of Bonds being higher than the 

Issue size, not all Applicants will be allotted the number of 

Bonds arrived at after such rounding off. Rather, each 

24 



Applicant whose Allotment size, prior to rounding off, had 

the highest decimal point would be given preference. 

(iii) In the event, there are more than one Applicant whose 

entitlement remain equal after the manner of distribution 

referred to above, our Company will ensure that the basis 

of allotment is finalised by draw of lots in a fair and equitable 

manner. 

(f) Minimum allotment of 1 Bond and in multiples of 1 Bond 

thereafter would be made in case of each valid Application, 

subject to Basis of Allotment as mentioned above 

All decisions pertaining to the basis of allotment of Bonds 

pursuant to the Issue shall be taken by our Company in 

consultation with the Lead Managers, and the Designated Stock 

Exchange and in compliance with the aforementioned provisions 

of the Prospectus. 

53. Additional/Multiple Applications 

Please refer “Issue Procedure – Additional/Multiple 

Applications” on page 139 of the Prospectus. 

54. Form of Allotment and Denomination 

The Allotment of Bonds shall be in dematerialized form as well as 

physical form. In terms of Regulation 4 (2)(d) of the SEBI Debt 

Regulations, the Company shall make public issue of Bonds in 

dematerialized form. However, in terms of Section 8(1) of the 

Depositories Act, the Company, at the request of the Investors 

who wish to hold the Bonds in physical form will fulfill such 

request. However, trading in Bonds shall be compulsorily in 

dematerialized form. 

The Company shall take necessary steps to credit the Depository 

Participant account of the Applicant with the number of Bonds 

Allotted. The Bondholders shall deal with the Bonds in 

accordance with the provisions of the Depositories Act and/or 

rules as notified by the Depositories, from time to time. 

In case of Bonds held in physical form, a single certificate will be 

issued to the Bondholder for the aggregate amount 

(“Consolidated Certificate”) for each type of Bond. The applicant 

can also request for the issue of Bond certificates in denomination 

of the Market Lot. 

In respect of Consolidated Certificates on Allotment or on 

rematerialization of Bonds Allotted in dematerialized form, we 

will, only on receipt of a request from the Bondholder, split such 

Consolidated Certificates into smaller denominations subject to 

the minimum of Market Lot in accordance with applicable law. No 

fees would be charged for splitting of Consolidated Certificates, 

but stamp duty payable, if any, would be borne by the 

Bondholder. The request for splitting should be accompanied by 

the original Consolidated Certificate which would then be treated 

as cancelled by us. 

PAYMENT OF REFUNDS 

55. Refunds for Applicants other than ASBA Applicants 

Within 12 Working Days of the Issue Closing Date, the Registrar 

to the Issue will dispatch refund orders/issue instructions for 

electronic refund, as applicable, of all amounts payable to 

unsuccessful Applicants (other than ASBA Applicants) and also 

any excess amount paid on Application, after adjusting for 

allocation/Allotment of Bonds. In case of Applicants who have 

applied for Allotment of Bonds in dematerialized form, the Registrar 

to the Issue will obtain from the Depositories the Applicant’s 

bank account details, including the MICR code, on the basis of 

the DP ID and Client ID provided by the Applicant in their 

Application Forms, for making refunds. In case of Applicants 

who have applied for Allotment of Bonds in physical form, the 

bank details will be extracted from the Application Form or the 

copy of the cheque. For Applicants who receive refunds through 

ECS, direct credit, RTGS or NEFT, the refund instructions will be 

issued to the clearing system within 12 Working Days of the 

Issue Closing Date. A suitable communication will be dispatched 

to the Applicants receiving refunds through these modes, giving 

details of the bank where refunds will be credited with the amount 

and expected date of electronic credit of refund. Such 

communication will be mailed to the addresses (in India) of 

Applicants, as per Demographic Details received from the 

Depositories or the address details provided in the Application 

Form, in case of Applicants who have applied for Allotment of 

Bonds in physical form. The Demographic Details would be used 

mailing of the physical refund orders, as applicable. 

Investors who have applied for Bonds in electronic form, are 

advised to immediately update their bank account details as 

appearing on the records of their Depository Participant. Failure 

to do so could result in delays in credit of refund to the investors 

at their sole risk and neither the Lead Managers nor the Company 

shall have any responsibility and undertake any liability for such 

delays on part of the investors. 

56. Mode of refunds for Applicants other than ASBA Applicants 

Payment of refund, if any, for Applicants other than ASBA 

Applicants would be done through any of the following modes: 

1. Direct Credit – Applicants having bank accounts with the 

Refund Bank(s), as per Demographic Details received from 

the Depositories, will be eligible to receive refunds through 

direct credit. Charges, if any, levied by the Refund Bank(s) 

for the same would be borne by the Company. 

2. NECS – Payment of refund would be done through NECS for 

applicants having an account at any of the centres where 

such facility has been made available. This mode of payment 

of refunds would be subject to availability of complete bank 

account details including the Magnetic Ink Character 

Recognition (“MICR”) code from the Depositories. 



3. RTGS – Applicants having a bank account at any of the 

centres where such facility has been made available and 

whose refund amount exceeds ` 2 lakh, have the option to 

receive refund through RTGS provided the Demographic 

Details downloaded from the Depositories contain the nine 

digit MICR code of the Applicant’s bank which can be 

mapped with RBI data to obtain the corresponding Indian 

Financial System Code (“IFSC”). Charges, if any, levied by 

the applicant‘s bank receiving the credit would be borne by 

the Applicant. 

4. NEFT – Payment of refund will be undertaken through NEFT 

wherever the Applicant’s bank has been assigned the IFSC 

which can be linked to an MICR code, if any, available to that 

particular bank branch. IFSC will be obtained from the website 

of RBI as on a date immediately prior to the date of payment 

of refund, duly mapped with MICR numbers. Wherever the 

Applicants have registered their nine digit MICR number 

and their bank account number while opening and operating 

the beneficiary account, the same will be duly mapped with 

the IFSC of that particular bank branch and the payment of 

refund will be made to the applicants through this method. 

The process flow in respect of refunds by way of NEFT is at 

an evolving stage, hence use of NEFT is subject to 

operational feasibility, cost and process efficiency. If NEFT 

is not operationally feasible, the payment of refunds would 

be made through any one of the other modes as discussed in 

the sections. 

5. For all other applicants, including those who have not 

updated their bank particulars with the MICR code, the refund 

orders will be dispatched through speed/registered post only 

to Applicants that have provided details of a registered 

address in India. Such refunds will be made by cheques, pay 

orders or demand drafts drawn on the relevant Refund Bank 

and payable at par at places where Applications are received. 

Bank charges, if any, for cashing such cheques, pay orders 

or demand drafts at other centres will be payable by the 

Applicants. 

57. Mode of refunds for ASBA Applicants 

In case of ASBA Applicants, the Registrar to the Issue will instruct 

the relevant SCSB to unblock funds in the relevant ASBA Account 

for withdrawn, rejected or unsuccessful or partially successful 

ASBA Applications within 12 Working Days of the Issue Closing 

Date. 

INTEREST ON APPLICATION AND REFUND MONEY 

58. Interest on application monies received which are used 

towards allotment of Bonds 

We shall pay interest on the amount for which Bonds are allotted 

to the Applicants (except ASBA Applicants) subject to deduction 

of income tax under the Income Tax Act, as applicable to the 

Allottee, from the date of realization of the cheque(s)/demand 

draft(s) or three days from the date of upload of the Application 

on the electronic platform of the Stock Exchange whichever is 

later up to one day prior to the Deemed date of Allotment, at the 

rate of 6.97% p.a for Allottees under Category I, II and III Portions 

and at the rate 7.47% p.a. for Allottees under Category IV Portion. 

We may enter into an arrangement with one or more banks in one 

or more cities for direct credit of interest to the account of the 

Applicants. Alternatively, the interest warrant will be dispatched 

along with the Allotment Advice at the sole risk of the Applicant, 

to the sole/first Applicant. 

59. Interest on application monies received which are liable to 

be refunded 

We shall pay interest on application money which is liable to be 

refunded to the Applicants (except ASBA Applicants) in 

accordance with the SEBI Debt Regulations, or other applicable 

statutory and/or regulatory requirements, subject to deduction 

of income tax under the Income Tax Act, as applicable, from the 

date of realization of the cheque(s)/demand draft(s) or three days 

from the date of upload of the Application on the electronic 

platform of the Stock Exchanges whichever is later up to one day 

prior to the Deemed Date of Allotment, at the rate of 5% per 

annum. Such interest shall be paid along with the monies liable to 

be refunded. Interest warrant will be dispatched/credited (in case 

of electronic payment) along with the refund orders at the sole 

risk of the applicant, to the sole/first applicant. 

Provided that, notwithstanding anything contained hereinabove, 

the Company shall not be liable to pay any interest on application 

monies to the ASBA Applicants and on monies liable to be 

refunded in case of (a) invalid applications or applications liable 

to be rejected, and/or (b) applications which are withdrawn by 

the applicant, and/or (c) refund monies to the ASBA Applicants. 

For more information, see “Issue Procedure - Rejection of 

Application” on page 146 of the Prospectus. 

REDEMPTION 

The Company will redeem the Bonds on the Maturity Date. 

60. Bonds held in electronic form: 

No action is required on the part of Bondholders at the time of 

maturity of the Bonds. 

61. Bonds held in physical form: 

No action will ordinarily be required on the part of the Bondholder 

at the time of redemption, and the Maturity Amount will be paid 

to those Bondholders whose names appear in the Register of 

Bondholders maintained by the Company on the Record Date 

fixed for the purpose of redemption. However, the Company may 

require the Bond Certificate(s), duly discharged by the sole holder 

or all the joint-holders (signed on the reverse of the Consolidated 

Bond Certificate(s)) to be surrendered for redemption on Maturity 

Date and sent by the Bondholders by registered post with 

acknowledgment due or by hand delivery to the Registrar to the 

Issue or the Company or to such persons at such addresses as 

26 



may be notified by the Company from time to time. Bondholders 

may be requested to surrender the Bond Certificate(s) in the 

manner stated above, not more than three months and not less 

than one month prior to the Maturity Date so as to facilitate 

timely payment. 

62. PAYMENT OF INTEREST ON BONDS 

Bonds shall carry interest at the coupon rate of 6.97% p.a., payable 

annually from, and including, the Deemed Date of Allotment up 

to, but excluding the Maturity Date, payable on the “Interest 

Payment Dates”, to the Bondholders as of the relevant Record 

Date. 

However, an additional interest rate of 0.50% p.a. shall be payable 

to the original Allottees under Category IV for the Bonds. In case 

the Bonds held by the original allottees under Category IV are 

sold/transferred (except in case of transfer of Bonds to legal heir 

in the event of death of the original allottee), the coupon rate 

shall stand revised to the coupon rate applicable for allottees 

falling under Categories I, II and III. 

Applications will be consolidated on the basis of PAN for 

classification into various categories. Consequent to such 

consolidation, if an Applicant falls into any category other than 

Category IV, such Applicant will not be entitled to the additional 

interest rate of 0.50% p.a. 

The coupon payment date shall be the date, which is the day 

falling one year from the Deemed Date of Allotment, in case of 

the first coupon payment and the same date every year, until the 

Redemption Date for subsequent interest payments. 

The last interest payment in each case will be made on the 

Maturity Date on a pro rata basis. In all events, the Company 

shall ensure compliance with the FEMA (Borrowing or Lending 

in Rupees) Regulations, 2000, as amended (“Borrowing in 

Rupees Regulations”), which, among other things, require that 

the rate of interest on the Bonds does not exceed the prime 

lending rate of the State Bank of India as on the date on which 

the resolution approving the Issue was passed in the Company’s 

general body meeting, plus 300 basis points. 

63. Day Count Convention 

Interest will be computed on a 365 days-a-year basis on the 

principal outstanding on the Bonds. Where the interest period 

(start date to end date) includes February 29, interest will be 

computed on 366 days-a-year basis, on the principal outstanding 

on the Bonds. 

64. Effect of holidays on payments 

If the date of payment of interest or principal or redemption or 

any date specified does not fall on a Working Day, the succeeding 

Working Day will be considered as the effective date. Interest 

and principal or other amounts, if any, will be paid on the 

succeeding Working Day. In case the date of payment of interest 

or principal falls on a holiday, the payment will be made on the 

next Working Day, without any interest for the period overdue. 

In case the date of redemption falls on a holiday, the payment will 

be made on the next Working Day along with interest for the 

period overdue. 

65. Manner & Modes of Payment 

For Bonds held in electronic form: 

Payment on the Bonds will be made to those Bondholders whose 

name appears first in the register of beneficial owners maintained 

by the Depository, on the Record Date. The Company’s liability 

to Bondholders for payment or otherwise will stand extinguished 

from the Maturity Date or on dispatch of the amounts payable by 

way of principal and/or interest to the Bondholders. Further, the 

Company will not be liable to pay any interest, income or 

compensation of any kind accruing subsequent to the Maturity 

Date. 

66. For Bonds held in electronic form 

The Bondholders’ respective bank account details will be 

obtained from the Depository for payments. Applicants are 

therefore advised to immediately update their bank account 

details as appearing on the records of their DP. Failure to do so 

could result in delays in credit of payments to applicants at their 

sole risk, and neither the Company, the Members of the Syndicate, 

Trading Members of the Stock Exchange(s), Escrow Collection 

Bank(s), SCSBs, Registrar to the Issue nor the Stock Exchanges 

will bear any responsibility or liability for the same. 

67. For Bonds held in physical form 

The bank details will be obtained from the Registrar to the Issue 

for effecting payments. 

Moreover, the Company, Lead Managers and Registrar to the 

Issue will not be responsible for any delay in receipt of credit of 

interest, refund or Maturity Amount so long as the payment 

process has been initiated in time. 

All payments to be made by the Company to the Bondholders 

will be made through any of the following modes, in the following 

order of preference: 

(a) Direct Credit 

Applicants having bank accounts with the Refund Bank(s), 

as per Demographic Details received from the Depository, 

will be eligible to receive payments through direct credit. 

Charges, if any, levied by the Refund Bank for the same 

would be borne by the Company. 

(b) NECS 

Applicants having a bank account at any of the centres 

notified by RBI, as per Demographic Details received from 

the Depository, will be eligible to receive payments through 

NECS. This mode of payment is subject to availability of 

complete bank account details with the Depository, including 

the MICR code, bank account number, bank name and bank 



branch. The corresponding IFSC will be obtained from the 

RBI website as at a date prior to the date of payment, duly 

mapped with the relevant MICR code. 

(c) RTGS 

Applicants having a bank account with a bank branch which 

is RTGS enabled, as per the information available on the 

website of RBI and as per records received from the 

Depository, will be eligible to receive payments through 

RTGS in the event the payment amount exceeds ` 2 lakhs. 

This mode of payment is subject to availability of complete 

bank account details with the Depository, including the MICR 

code, bank account number, bank name and bank branch. 

Charges, if any, levied by the Refund Bank for the same 

would be borne by the Company. Charges, if any, levied by 

the Applicant’s bank receiving the credit would be borne by 

the Applicant. The corresponding IFSC will be obtained from 

the RBI website as at a date prior to the date of payment, 

duly mapped with the relevant MICR code. 

(d) NEFT 

Applicants having a bank account with a bank branch which 

is NEFT enabled, as per records received from the 

Depository, will be eligible to receive payments through 

NEFT. This mode of payment is subject to availability of 

complete bank account details with the Depository, including 

the MICR code, bank account number, bank name and bank 

branch. The corresponding IFSC will be obtained from the 

RBI website as at a date prior to the date of payment, duly 

mapped with the relevant MICR code. 

(e) Demand Draft/Cheque/Pay Order 

For all other Applicants, including those who have not 

updated their bank particulars with the MICR code, payment 

will be dispatched by post for value up to ` 1,500/- and 

through Registered/Speed Post for value of ` 1,500/- and 

above, only to Applicants that have provided details of a 

registered address in India. 

68. Printing of Bank Particulars on Interest Warrants 

As a matter of precaution against possible fraudulent encashment 

of payment orders/warrants due to loss or misplacement, the 

particulars of the Applicant’s bank account are mandatorily 

required to be given for printing on the orders/warrants. In relation 

to Bonds applied for and held in dematerialised form, these 

particulars would be taken directly from the Depositories. In case 

of Bonds held in physical form on account of rematerialisation, 

Applicants are advised to submit their bank account details with 

the Company or the Registrar to the Issue at least seven days 

prior to the Record Date, failing which the orders/warrants will be 

dispatched to the postal address (in India) of the Bondholder as 

available in the register of beneficial owners maintained by the 

Depository. Bank account particulars will be printed on the orders/ 

warrants which can then be deposited only in the account 

specified. 

69. Record Date 

The record date for payment of interest on the Bonds or the 

Maturity Amount will be 15 days prior to the date on which such 

amount is due and payable (“Record Date”). In case of redemption 

of Bonds, the trading in the Bonds shall remain suspended 

between the Record Date and the date of redemption. 

TRANSFER OF THE BONDS 

The provisions relating to transfer and transmission and other 

related matters in respect of our shares contained in the Companies 

Act and the Company’s Articles of Association will apply, mutatis 

mutandis (to the extent applicable to debentures) to the Bonds. 

70. Transfer of Bonds held in dematerialized form 

In respect of Bonds held in the dematerialized form, transfers of 

the Bonds may be affected, only through the Depositories where 

such Bonds are held, in accordance with the Depositories Act 

and/or rules as notified by the Depositories from time to time. 

The Bondholder shall give delivery instructions containing details 

of the prospective purchaser’s DP’s account to his DP. If a 

prospective purchaser does not have a demat account, the 

Bondholder may rematerialize his or her Bonds and transfer them 

in a manner as specified below. 

71. Transfer of Bonds in physical form 

The Bonds may be transferred by way of a duly executed transfer 

deed or other suitable instrument of transfer as may be prescribed 

by the Company for the registration of transfer of Bonds. 

Purchasers of Bonds are advised to send the Consolidated Bond 

Certificate to the Company or to such persons as may be notified 

by the Company from time to time. If a purchaser of the Bonds in 

physical form intends to hold the Bonds in dematerialized form, 

the Bonds may be dematerialized by the purchaser through his or 

her DP in accordance with the Depositories Act and/or rules as 

notified by the Depositories from time to time. 

The transferee(s) should ensure that the transfer formalities 

are completed prior to the Record Date, failing which the interest 

and/or Maturity Amount for the Bonds will be paid to the person 

whose name appears in the register of debenture holders 

maintained by the Depositories. In such cases, any claims will 

be settled inter se between the parties and no claim or action will 

be brought against the Company or the Registrar to the Issue. 

72. TAXATION 

For details, please see “Statement of Tax Benefits” on page 54 

of the Prospectus. 

BONDHOLDER NOT A SHAREHOLDER 

The Bondholders will not be entitled to any of the rights and 

privileges available to equity and/or preference shareholders of 

the Company. 

73. Rights of Bondholders 

Provided below is an indicative list of certain significant rights 

available to the Bondholders. The final rights of the Bondholders 

will be as per the Debenture Trust Agreement. 

28 



(a) The Company will maintain at its Registered Office or such 

other place as permitted by law a register of Bondholders 

(“Register of Bondholders”) containing such particulars as 

required by Section 152 of the Companies Act. In terms of 

Section 152A of the Companies Act, the Register of 

Bondholders maintained by a Depository for any Bond in 

dematerialised form under Section 11 of the Depositories 

Act, 1996 (“Depositories Act”) will be deemed to be a Register 

of Bondholders for this purpose. 

(b) The Bonds will not, except as provided in the Companies 

Act, confer on Bondholders any rights or privileges available 

to members of the Company including the right to receive 

notices or annual reports of, or to attend and / or vote, at the 

Company’s general meeting(s). However, if any resolution 

affecting the rights of the Bondholders is to be placed before 

the shareholders, such resolution will first be placed before the 

concerned Bondholders for their consideration. In terms of 

Section 219(2) of the Companies Act, Bondholders will be entitled 

to a copy of the balance sheet on a specific request made to 

the Company. 

(c) The rights, privileges and conditions attached to the Bonds 

may be varied, modified and/or abrogated with either (i) the 

consent in writing of the holders of at least three-fourths of the 

outstanding amount of the Bonds; or (ii) the sanction of at 

least three-fourths of the Bondholders present and voting at 

a meeting of the Bondholders (“Special Resolution”), 

provided that nothing in such consent or resolution will be 

operative against the Company, where such consent or 

resolution modifies or varies the terms and conditions 

governing the Bonds if modification, variation or abrogation 

is not acceptable to the Company. 

(d) The Bondholder or, in case of joint-holders, the person whose 

name stands first in the register of beneficial owners maintained 

by the Depository will be entitled to vote in respect of such 

Bonds, either by being present in person or, where proxies 

are permitted, by proxy, at any meeting of the concerned 

Bondholders summoned for such purpose and every such 

Bondholder will be entitled to one vote on a show of hands 

and, on a poll, his or her voting rights will be in proportion to 

the outstanding nominal value of Bonds held by him or her 

on every resolution placed before such meeting of the 

Bondholders. 

(e) Bonds may be rolled over with the consent in writing of the 

holders of at least three-fourths of the outstanding amount of 

the Bonds or with the sanction of a Special Resolution passed 

at a meeting of the Bondholders convened with at least 21 

days prior notice for such roll-over and in accordance with 

the SEBI Debt Regulations. The Company will redeem the 

Bonds of all the Bondholders who have not given their 

positive consent to the roll-over. 

The above rights of Bondholders are merely indicative. The 

final rights of the Bondholders will be as per the terms of the 

Prospectus and Debenture Trustee Agreement between the 

Company and the Debenture Trustee. 

74. Joint-holders 

Where two or more persons are holders of any Bond(s), they will 

be deemed to hold the same as joint holders with benefits of 

survivorship subject to the Company’s Articles of Association 

and applicable law. 

75. Nomination 

In accordance with Section 109A of the Companies Act, the sole/ 

first Bondholder, with other joint Bondholders (being individuals), 

may nominate any one person (being an individual) who, in the 

event of death of the sole Bondholder or all the joint Bondholders, 

as the case may be, will become entitled to the Bonds. A nominee 

entitled to the Bonds by reason of the death of the original 

Bondholder(s) will become entitled to the same benefits to which 

he would be entitled if he were the original Bondholder. Where 

the nominee is a minor, the Bondholder(s) may make a nomination 

to appoint, in the prescribed manner, any person to become 

entitled to Bonds in the event of the Bondholder’s death during 

minority. A nomination will stand rescinded on a sale/transfer/ 

alienation of Bonds by the person nominating. A buyer will be 

entitled to make a fresh nomination in the manner prescribed. 

Fresh nomination can be made only on the prescribed form 

available on request at the Company’s Registered and Corporate 

Office or with the Registrar to the Issue or at such other addresses 

as may be notified by the Company. 

The Bondholders are advised to provide the specimen signature 

of the nominee to the Company to expedite the transmission of 

the Bond(s) to the nominee in the event of demise of the 

Bondholders. The signature can be provided in the Application 

Form or subsequently at the time of making fresh nominations. 

This facility of providing the specimen signature of the nominee 

is purely optional. 

In accordance with Section 109B of the Companies Act, any person 

who becomes a nominee by virtue of Section 109A of the 

Companies Act, will on the production of such evidence as may 

be required by the Board, elect either to register himself or herself 

as holder of Bonds; or to make such transfer of the Bonds, as the 

deceased holder could have made. 

Further, the Board may at any time issue notice requiring any 

nominee to choose either to be registered himself or to transfer 

the Bonds, and if the notice is not complied with within a period 

of 90 days, the Board may thereafter withhold payment of all 

dividend, bonuses or other monies payable in respect of the 

Bonds, until the requirements of the notice have been complied 

with. 

In case of Application for allotment of Bonds in dematerialised 

form, there is no need to make a separate nomination with the 

Company. Nominations registered with the respective DP of the 



Applicant will prevail. If Applicants want to change their 

nomination, they are advised to inform their respective DP. 

76. Events of Default 

Subject to the terms of the Debenture Trustee Agreement, the 

Debenture Trustee at its discretion may, or if so requested in 

writing by the holders of at least three-fourths of the outstanding 

amount of the Bonds or with the sanction of a Special Resolution, 

passed at a meeting of the Bondholders, (subject to being 

indemnified and/or secured by the Bondholders to its 

satisfaction), give notice to the Company specifying that the 

Bonds, in whole but not in part are and have become due and 

repayable on such date as may be specified in such notice inter 

alia if any of the events listed below occurs. The description 

below is indicative and a complete list of events of default and its 

consequences is specified in the Debenture Trustee Agreement: 

(i) Default in any payment of the principal amount due in respect 

of Bonds and such failure continues for a period of 30 days; 

(ii) Default in any payment of any installment of interest in 

respect of the Bonds and such failure continues for a period 

of 15 days; 

(iii) Default in any payment of any other sum due in respect of 

the Bonds and such failure continues for a period of 15 days; 

(iv) The Company is (in the reasonable opinion of the Debenture 

Trustee or as notified by the Company to the Debenture 

Trustee), or is deemed by a court of competent jurisdiction 

under applicable law to be, insolvent or bankrupt or unable 

to pay a material part of its debts, or stops, suspends or 

threatens to stop or suspend payment of all or a material part 

(in the reasonable opinion of the Debenture Trustee) of, or 

of a particular type of, its debts; 

(v) The Company does not perform or comply with one or more 

of its other material obligations in relation to the Bonds and/ 

or under the Debenture Trustee Agreement and/or Security 

Documents, which default is incapable of remedy or, if in the 

reasonable opinion of the Debenture Trustee is capable of 

remedy, is not remedied within 30 days of written notice of 

such default being provided to the Company by the 

Debenture Trustee; or 

(vi) Any encumbrancer takes possession, or an administrative 

or other receiver or an administrator is appointed, of the 

whole or (in the reasonable opinion of the Debenture Trustee) 

any substantial part of the property, assets or revenues of 

the Company, and is not discharged within 45 days. 

The amount(s) so payable by the Company on the occurrence 

of one or more Event(s) of Default shall be as detailed in the 

Debenture Trustee Agreement. If an Event of Default occurs, 

which is continuing, the Debenture Trustee may, with the 

consent of the Bondholders, obtained in accordance with 

the Debenture Trustee Agreement, and with prior written 

notice to the Company, take action in terms of the Debenture 

Trustee Agreement. 

77. Debenture Trustee 

The Company has appointed GDA Trusteeship Limited to act as 

Debenture Trustee for the Bondholders. GDA Trusteeship Limited 

has by its letter dated February 21, 2013 given its consent for its 

appointment as Debenture Trustee to the Issue and for its name 

to be included in the Prospectus and in all the subsequent 

periodical communications sent to the holders of the Bonds issued, 

pursuant to this Issue pursuant to Regulation 4(4) of the Debt 

Regulations. 

The Company has entered into a Debenture Trustee Agreement 

with the Debenture Trustee, the terms of which will govern the 

appointment and functioning of the Debenture Trustee and 

specified the powers, authorities and obligations of the Debenture 

Trustee. Under the terms of the Debenture Trustee Agreement, 

the Company covenants with the Debenture Trustee that it will 

pay the Bondholders the principal amount on the Bonds on the 

relevant Maturity Date and also that it will pay the interest due on 

Bonds at the rate/on the date(s) specified under the Debenture 

Trustee Agreement. The Debenture Trustee Agreement shall be 

provided to the Designated Stock Exchange within five Working 

Days of its execution. 

The Bondholders will, without further act or deed, be deemed to 

have irrevocably given their consent to the Debenture Trustee 

or any of their agents or authorised officials to do all such acts, 

deeds, matters and things in respect of or relating to the Bonds 

as the Debenture Trustee may in their absolute discretion deem 

necessary or require to be done in the interest of the Bondholders. 

Any payment made by the Company to the Debenture Trustee 

on behalf of the Bondholders will discharge the Company pro 

tanto to the Bondholders. All the rights and remedies of the 

Bondholders will vest in and will be exercised by the Debenture 

Trustee without reference to the Bondholders. No Bondholder 

will be entitled to proceed directly against the Company unless 

the Debenture Trustee, having become so bound to proceed, 

failed to do so. The Debenture Trustee will protect the interest of 

the Bondholders in the event of default by the Company in regard 

to timely payment of interest and repayment of principal and 

they will take necessary action at the Company’s cost. 

78. Pre-Issue Advertisement 

Subject to Section 66 of the Companies Act, the Company will, 

on or before the Issue Opening Date, publish a pre-Issue 

advertisement in the form prescribed under the SEBI Debt 

Regulations, in one national daily newspaper with wide 

circulation. Material updates, if any, between the date of filing of 

the Prospectus with the RoC and the date of release of the 

statutory pre-Issue advertisement will be included in the statutory 

pre-Issue advertisement. 

30 



79. Impersonation 

Attention of the Applicants is specifically drawn to sub-section 

(1) of Section 68 A of the Companies Act, reproduced below: 

“Any person who: 

(a) makes in a fictitious name, an application to a company for 

acquiring or subscribing for, any shares therein, or 

(b) otherwise induces a company to allot, or register any 

transfer of shares, therein to him, or any other person in a 

fictitious name, shall be punishable with imprisonment for 

a term which may extend to five years.” 

80. Listing 

The Bonds will be listed on BSE, which will be the Designated 

Stock Exchange.The BSE has given its in-principle listing approval 

by letter No. DCS/SP/PI-BOND/23/12-13, dated March 4, 2013. 

If permissions to deal in and for an official quotation of the Bonds 

are not granted by the Designated Stock Exchange, the Company 

will forthwith repay, without interest, all such moneys received 

from the Applicants pursuant to the Prospectus. If such money 

is not repaid within eight days after the Company becomes liable 

to repay it, the Company and every officer in default will on and 

from such expiry of eight days be liable to repay the money, with 

interest at the rate of 15% p.a. as prescribed under Section 73 of 

the Companies Act. The Company will use best efforts to ensure 

that all steps for the completion of the necessary formalities for 

listing at the Stock Exchanges are taken within 12 Working Days 

of the Issue Closing Date. 

81. Utilisation of Issue Proceeds 

The Issue proceeds will be utilised for augmenting the long-term 

resources of our Company for financing the capital expenditure 

plan of our Company for carrying out its business activities. 

In accordance with the SEBI Debt Regulations, the Company is 

required not to utilise the Issue proceeds for providing loans to 

or acquisitions of shares of any person who is a part of the same 

group as the Company or who is under the same management as 

the Company or any Subsidiary of the Company. Further, the 

Company is a public sector enterprise and, as such, the Company 

does not have any identifiable ‘group’ companies or ‘companies 

under the same management’. In addition, the Issue proceeds 

shall not be utilised towards full or part consideration for the 

purchase or any acquisition, including by way of a lease, of any 

property. 

Further, in accordance with the SEBI Debt Regulations and the 

Debt Listing Agreement as well as the Debenture Trustee 

Agreement, the Issue proceeds will be kept in separate Escrow 

Account(s) and the Company will have access to such funds 

only after creation of Security for the Bonds and/or as per 

applicable law. 

For more information (including with respect to interim use of the 

Issue proceeds), see “Objects of the Issue” on page 52. 

82. Monitoring & Reporting of Utilisation of Issue Proceeds 

In terms of the SEBI Debt Regulations, there is no requirement 

for appointment of a monitoring agency in relation to the use of 

proceeds of the Issue. The Board shall monitor the utilisation of 

the proceeds of the Issue. 

The end-use of the proceeds of the Issue, duly certified by the 

Statutory Auditors, will be reported in the Company’s annual 

reports and other reports issued by the Company to relevant 

regulatory authorities, as applicable, including the Stock 

Exchanges in relation to the Company’s reporting obligations 

under the Debt Listing Agreement. 

Further, the Company confirms that funds raised by the Company 

from previous public issues and private placements of bonds 

have been utilised for the Company’s business as stated in the 

respective offer documents, and as reported to the Stock 

Exchanges in relation to the Company’s reporting obligations 

under the Debt Listing Agreement, as applicable. 

For more information (including with respect to interim use of the 

Issue proceeds), see “Objects of the Issue” on page 52. 

83. Statement by the Board: 

(i) All monies received pursuant to the Issue shall be transferred 

to a separate bank account other than the bank account 

referred to in sub-section (3) of section 73 of the Companies 

Act; 

(ii) Details of all monies utilised out of the Issue shall be disclosed 

under an appropriate separate head in the Company’s Balance 

Sheet, indicating the purpose for which such monies were 

utilised; and 

(iii) Details of all unutilised monies out of the Issue, if any, shall 

be disclosed under an appropriate separate head in the 

Company’s Balance Sheet, indicating the form in which such 

unutilised monies have been invested. 

84. Other Undertakings by the Company 

The Company undertakes that: 

(a) Complaints received in respect of the Issue will be attended 

to by the Company expeditiously and satisfactorily; 

(b) Necessary cooperation to the Credit Rating Agency(ies) will 

be extended in providing true and adequate information until 

the obligations in respect of the Bonds are outstanding; 

(c) The Company will take necessary steps for the purpose of 

getting the Bonds listed within the specified time, i.e., within 

12 Working Days of the Issue Closing Date; 

(d) Funds required for dispatch of refund orders/Allotment 

Advice/Bond certificates will be made available by the 

Company to the Registrar to the Issue; 

(e) The Company will forward details of utilisation of the Issue 

Proceeds, duly certified by the Statutory Auditor, to the 

Debenture Trustee at the end of each half year. 



(f) The Company will provide a compliance certificate to the 

Debenture Trustee on an annual basis in respect of 

compliance with the terms and conditions of the Issue of 

Bonds as contained in the Prospectus. 

(g) The Company will disclose the complete name and address 

of the Debenture Trustee in its annual report. 

85. DRR 

Pursuant to Regulation 16 of the SEBI Debt Regulations and 

Section 117C of the Companies Act, any company that intends to 

issue debentures is required to create a DRR to which adequate 

amounts will be credited out of the profits of the company until 

redemption of the debentures. Further, the Ministry of Company 

Affairs (“MCA”) has, through circular dated April 18, 2002, 

clarified that the amount to be credited as DRR will be carved out 

of the profits of the issuer only if it has profit for a particular year 

and there is no requirement to create DRR if there is no profit in a 

particular year. 

The Company will credit adequate amounts to the DRR from its 

profits every year until the Maturity Date. The amounts credited 

to the DRR will not be utilised by the Company for any purpose 

other than redemption of the Bonds. 

86. Guarantee/Letter of Comfort 

The Issue is not backed by a guarantee or letter of comfort or any 

other document and/or letter with similar intent. 

87. Replacement of Bond Certificates 

In case of Bonds in physical form, if a Bond certificate is mutilated 

or defaced then on production thereof to the Company, the 

Company shall cancel such certificate and issue a new or duplicate 

certificate in lieu thereof, however, they will be replaced only of 

the certificate numbers and the distinctive numbers are legible. If 

any Bond certificate is lost, stolen or destroyed, then, on proof 

thereof to the satisfaction of the Company and on furnishing 

such indemnity as the Company may deem adequate and on 

payment of any expenses incurred by the Company in connection 

with proof of such destruction or theft or in connection with 

such indemnity the Company shall issue a new or duplicate Bond 

certificate. A fee may be charged by the Company not exceeding 

such sum as may be prescribed by applicable law for each new or 

duplicate Bond certificate issued hereunder except certificates in 

replacement of those which are old, decrepit or worn out or defaced 

or where the pages for recording transfers have been fully utilised. 

88. Put/Call Option 

There is no put or call option for the Bonds. 

89. Future Borrowings 

The Company will be entitled at any time in the future during the 

term of the Bonds or thereafter to borrow or raise loans or create 

encumbrances or avail of financial assistance in any form, and 

also to issue promissory notes or debentures or any other 

securities in any form, manner, ranking and denomination 

whatsoever and to any eligible persons whatsoever, and to change 

its capital structure including through the issue of shares of any 

class, on such terms and conditions as the Company may deem 

appropriate, without requiring the consent of, or intimation to, 

the Bondholders or the Debenture Trustee in this connection. 

90. Lien 

The Company will have the right of set-off and lien, present as 

well as future on the moneys due and payable to the Bondholder 

or deposits held in the account of the Bondholder, whether in single 

name or joint name, to the extent of all outstanding dues by the 

Bondholder to the Company. 

91. Lien on Pledge of Bonds 

Subject to applicable laws, the Company, at its discretion, may 

note a lien on pledge of Bonds if such pledge of Bond is accepted 

by any bank or institution for any loan provided to the Bondholder 

against pledge of such Bonds as part of the funding. 

92. Procedure for Rematerialisation of Bonds 

Bondholders who wish to hold the Bonds in physical form may 

do so by submitting a request to their DP at any time after 

Allotment in accordance with the applicable procedure stipulated 

by the DP, in accordance with the Depositories Act and/or rules 

as notified by the Depositories from time to time. For further 

details, see “ Terms of the Issue - Form of Allotment and 

Denomination” on page 117 of the Prospectus. 

93. Sharing of Information 

The Company may, at its option, use its own, as well as exchange, 

share or part with any financial or other information about the 

Bondholders available with the Company, its Subsidiary(ies) and 

affiliates and other banks, financial institutions, credit bureaus, 

agencies, statutory bodies, as may be required. Neither the Company 

nor its Subsidiaries and affiliates nor its or their respective agents 

will be liable for use of the aforesaid information. 

94. Notices 

All notices to the Bondholders required to be given by the 

Company or the Debenture Trustee will be published in one English 

language newspaper having wide circulation and/or, will be sent 

by post/courier to the Bondholders from time to time, only to 

Applicants that have provided a registered address in India. 

95. Jurisdiction 

The Bonds, the Debenture Trustee Agreement and other relevant 

documents shall be governed by and construed in accordance 

with the laws of India. The courts of Vishakapatnam will have 

exclusive jurisdiction for the purposes of the Issue. 

32 



GENERAL INFORMATION 

Dredging Corporation of India Limited 

Our Company was incorporated under the name of Dredging 

Corporation of India Limited on March 29, 1976 under the 

Companies Act, as amended, as a private limited company and 

was granted a certificate of incorporation from the Registrar of 

Companies, Delhi and Haryana. Subsequently the word ‘private’ 

was deleted from the name of the Company on January11, 1977 in 

view of it being a government company. The Company became a 

public company limited by shares with effect from March 10, 

1992. For further information see “History and Certain Corporate 

Matters” on page 87 of the Prospectus. 

Registered Office: 

Core - 2, First Floor, ‘Scope Minar’, Plot No.2A&2B, Laxminagar 

District Center, Delhi-110091, India. Tel: +91 011 2244 8528; Fax: 

+91 011 2244 8527; Website: www.dredge-india.com 

Corporate Office: 

“Dredge House”, Port Area, Visakhapatnam- 530 035, India, Tel: 

+91 0891 2523250 ; Fax: +91 0891 2560581 

For details in connection with changes in our Registered Office, 

please see section titled “History and Certain Corporate Matters” 

on page 87 of the Prospectus. 

Registration: 

Details 

Registration/Identification 

Number 

Registration Number 8129 of 1975-76 

Corporate Identification Number L29222DL1976GOI008129 

Address of the Registrar of Companies 

The Registrar of Companies 

National Capital Territory of Delhi and Haryana 

4th Floor, IFCI Tower, 61, Nehru Place, New Delhi 110 019, India 

Tel: +91 11 26235704; Fax: +91 11 26235702 

Company Secretary, Compliance Officer and General Manager 

(Finance): 

The details of the person appointed to act as Compliance Officer 

for the purposes of this Issue, Company Secretary and General 

Manager (Finance) are as set out below: 

Company Secretary and Compliance OfficerMr. K. Aswini 

Sreekanth”Dredge House”, Port Area, Visakhapatnam- 530 035, 

IndiaTel.: +91 0891 2566537/2871298Fax: +91 0891 2529846Email: 

sreekanth@dci.gov.in General Manager (Finance)Mr. P.P. 

Govindachari”Dredge House”, Port Area, Visakhapatnam- 530 035, 

IndiaTel.: +91 0891 2871205Fax: +91 0891 2720273Email: 

ppgovind@yahoo.co.in 

CAPITAL STRUCTURE 

Details of share capital 

The share capital of our Company as at date of the Prospectus is 

set forth below: 

Share Capital 

(` in millions) 

AUTHORISED SHARE CAPITAL 

30,000,000 Equity Shares of ` 10/- each 300.00 

TOTAL 300.00 

ISSUED, SUBSCRIBED AND PAID-UP SHARE CAPITAL 

28,000,000 Equity Shares of ` 10/- each 280.00 

SECURITIES PREMIUM ACCOUNT 

NIL 

TOTAL 280.00 

For further details please refer to page 48 of Prospectus 

MANAGEMENT 

Board of Directors 

The management of our affairs and business are supervised by 

our Board. In accordance with the Articles, we are required to 

maintain a minimum of 4 (four) and a maximum of 12 (twelve) 

Directors on our Board. Currently, we have 7 (seven) Directors 

on our Board. All Directors in our company are appointed by the 

Promoter, the President of India, acting through the MoS. 

Name & Designation : Capt. D. K. Mohanty, Chairman and 

Managing Director 

Mr. P. V. Ramana Murthy, Director (Finance) (Whole time Director) 

Mr. P. Jayapal , Director (Operational and technical) (Whole time 

Director) 

Mr. M. C. Jauhari, Director (Part - time Official) 

Mr. Balachandran Srinivasan, Independent Director (Part - time 

Non - Official Director) 

Dr. S. Narasimha Rao Independent Director (Part - time Non - 

Official Director) 

Mr. Vinai Kumar Agarwal Independent Director (Part - time Non 

- Official Director) 

None of the Directors are on the RBI defaulter list and/or the 

Export Credit Guarantee Corporation default list. 


Debt-equity ratio 

The debt-equity ratio prior to this Issue is based on a total 

outstanding debt of ` 5,875.58 million and shareholders’funds 

amounting to ` 13,912.65 million as on December 31, 2012. The 

debt equity ratio post the Issue, (assuming subscription of Bonds 

aggregating to ` 5,000 million) would be 0.78 times, is based on a 

total outstanding debt and shareholders funds of our Company 

as on December 31, 2012. 



Financial Information (` in millions) 

Particulars# Prior to the Issue Post the Issue* 

(as on December 31, 2012) 

Total Debt 5,875.58 10,875.58 

Share capital 280.00 280.00 

Reserves and Surplus 13,632.65 13,632.65 

Total Shareholders Fund 13,912.65 13,912.65 

Debt Equity Ratio (Number of times) 0.42 0.78 

* The debt-equity ratio post the Issue is indicative and is on account of assumed inflow of ` 5,000 million from the Issue. The above 

table does not include any changes subsequent to December 31, 2012, except as stated above. 

^ For further details, please refer to the Financial Information on page 104 of the Prospectus. 

For details on the total outstanding debt of our Company, please refer to the section titled “Financial Indebtedness” beginning on 

page 105 of the Prospectus. 

SUMMARY STATEMENT OF ASSETS AND LIABILITIES (` in million) 

Particulars Note As at 

No. 31.03.2012 31.03.2011 31.03.2010 31.03.2009 31.03.2008 

I. EQUITY AND LIABILITIES 

1 SHAREHOLDERS’ FUNDS 

(a) Share Capital A 280.00 280.00 280.00 280.00 280.00 

(b) Reserves and Surplus B 13537.30 13405.49 13010.34 12407.76 12107.85 

SUB-TOTAL (1) 13817.30 13685.49 13290.34 12687.76 12387.85 

2 NON-CURRENT LIABILITIES 

(a) Long-Term Borrowings C 2599.53 0.00 0.00 55.10 165.31 

(b) Other Long-Term Liabilities D 12.00 15.63 0.00 0.00 0.00 

(c) Long-Term Provisions E 51.64 57.68 4.01 4.01 4.01 

SUB-TOTAL (2) 2663.17 73.31 4.01 59.12 169.32 

3 CURRENT LIABILITIES 

(a) Short-Term Borrowings F 9.47 12.01 41.51 102.12 97.07 

(b) Trade Payables G 308.01 846.62 1156.31 1274.99 833.33 

(c) Other Current Liabilities H 1988.02 1832.97 1823.56 2032.64 1654.74 

(d) Short-Term Provisions E 52.13 14.64 174.79 236.26 314.08 

SUB-TOTAL (3) 2357.63 2706.24 3196.18 3646.02 2899.22 

TOTAL (1+2+3) 18838.11 16465.04 16490.53 16392.89 15456.39 

II ASSETS 

1 NON-CURRENT ASSETS 

(a) Fixed Assets I 

(i) Tangible Assets 5332.06 4872.71 2844.62 3122.65 3317.00 

(ii) Capital Work-in-progress 484.13 2.01 2691.33 2384.99 2355.15 

(b) Non-Current Investments J 300.00 300.00 300.00 300.00 245.00 

(c) Long-Term Loans & Advances K 4677.05 1830.83 0.00 0.00 0.00 

SUB-TOTAL (1) 10793.25 7005.56 5835.95 5807.63 5917.16 

34 



Particulars Note As at 

No. 31.03.2012 31.03.2011 31.03.2010 31.03.2009 31.03.2008 

2 CURRENT ASSETS 

(a) Inventories L 976.62 918.67 894.51 817.88 295.60 

(b) Trade Receivables M 3893.05 3823.84 4233.72 3147.68 3081.93 

(c) Cash & Bank Balances N 783.16 2352.74 2433.44 3318.44 2734.09 

(d) Short-Term Loans & Advances O 136.02 622.53 851.57 785.49 565.15 

(e) Other Current Assets P 2256.02 1741.70 2241.35 2515.76 2862.45 

SUB-TOTAL (2) 8044.86 9459.48 10654.58 10585.25 9539.23 

TOTAL (1+2) 18838.11 16465.04 16490.53 16392.89 15456.39 

SUMMARY STATEMENT OF PROFIT AND LOSS AS RESTATED (` in million) 

Particulars Note Year Ended 

No. 31.03.2012 31.03.2011 31.03.2010 31.03.2009 31.03.2008 

I Revenue from Operations Q 4916.58 5071.42 6730.35 7906.68 7248.62 

II Other Income R 129.25 155.83 209.11 415.55 466.03 

III Total Revenue (I+II) 5045.83 5227.25 6939.46 8322.23 7714.65 

IV Expenses 

Employee benefits expenses S 928.63 667.31 728.73 828.41 783.43 

Finance costs 0.00 0.00 1.03 -17.18 13.00 

Depreciation and amortization expense 879.52 703.21 660.20 526.81 417.34 

Repairs and Maintenance ( Vessels) 639.17 234.54 678.58 944.82 615.77 

Fuel and Lubricants 1605.30 1994.83 1721.72 2027.52 2023.50 

Spares & stores 437.24 416.06 640.18 350.86 549.92 

Insurance 110.07 108.67 49.56 39.54 58.81 

Other expenses T 243.43 230.34 1350.90 2830.64 1694.18 

Allowance for Provisions U 20.27 423.60 335.85 170.60 50.98 

Total Expenses (IV) 4863.62 4778.55 6166.75 7702.03 6206.92 

V Profit before prior period items, 

exceptional and extraordinary items 

and tax (III-IV) 182.21 448.70 772.71 620.20 1507.73 

VI Prior period items 6.60 0.00 -3.87 1.32 0.00 

VII Profit before exceptional and 

extraordinary items and tax (V-VI) 175.61 448.70 776.58 618.88 1507.73 

VIII Exceptional items 0.00 0.00 0.00 0.00 0.00 

IX Profit before extraordinary items 

and tax (VII-VIII) 175.61 448.70 776.58 618.88 1507.73 

X Extraordinary Items 0.00 0.00 0.00 0.00 0.00 

XI Profit before tax (IX-X) 175.61 448.70 776.58 618.88 1507.73 

XII Tax Expense : V 

Current Year 43.80 53.55 76.04 155.17 170.07 

Earlier Years 0.00 0.00 0.00 0.00 -210.52 

XIII Profit (Loss) for the period(XI-XII) 131.81 395.15 700.54 463.72 1548.19 

XIV Earnings per equity share: (In ` ) W 

Basic 4.71 14.11 25.02 16.56 55.29 

Diluted 4.71 14.11 25.02 16.56 55.29 



LEGAL AND OTHER INFORMATION 

REGULATIONS AND POLICIES 

The GoI has over the years formulated various guidelines and 

regulations for the administrative functioning of PSUs and 

policies for the development of the Indian dredging industry. 

The MoS encompasses within its fold shipping and ports sectors 

which include shipbuilding and ship-repair, major ports, national 

waterways, and inland water transport. The MoS has been 

entrusted with the responsibility of formulating policies and 

programmes on these subjects and their implementation. We are 

a public sector undertaking under the aegis of the MoS. 

Dredging Policy Guidelines 

The current MoS guidelines of 2007 have been periodically 

extended and the latest extension is effective from November 10, 

2010 till such time that a revised policy is issued. 

The Environment Protection Act, 1996, the Water (Prevention 

and Control of Pollution) Act 1974 and the Air (Prevention and 

Control of Pollution) Act, 1981 require new development projects 

to obtain prior permission from the Ministry of Environment and 

Forests, GoI and also for companies to obtain consents from 

local state pollution control boards prior to making emissions 

and /or discharging effluents into the environment or carrying 

out development related activities in ecologically sensitive areas 

identified as coastal regulatory zones. 

For further details please refer to page 161 of Prospectus. 

PENDING PROCEEDINGS AND STATUTORY DEFAULTS 

Except as described below, there are no outstanding litigations, 

suits or criminal or civil prosecutions, arbitration proceedings 

or tax liabilities against us, that would have a material adverse 

effect on our business and there are no defaults, non-payment 

or overdue of statutory dues, institutional/bank dues as of the 

date of the Prospectus. 

No criminal prosecution has been launched against our 

Directors for alleged offences under the enactments specified in 

Part I of Schedule XIII to the Companies Act. Further, neither 

our Company nor persons in control of our Company have been 

restrained, prohibited or debarred by SEBI from accessing the 

securities market or dealing in securities and no such order or 

direction is in force. 

Details of the legal proceedings involving the Company disclosed 

as follows have been restricted to those claims wherein the amount 

involved is more than 1 % (one percent) of the networth of our 

Company that is ` 139.12 million or higher as at December 31, 

2012. Provided below in a consolidated manner are all significant 

proceedings within the materiality threshold as aforementioned. 


MATERIAL DEVELOPMENTS 

Save as disclosed hereinafter, there have been no material 

developments since March 31, 2012 which effect the operations, 

or financial condition of our Company: 

Dredge XIX, TSHD was delivered to our Company on November, 

2012 at Holland and was dedicated to our Country on December 22, 

2012. 

OTHER REGULATORY AND STATUTORY DISCLOSURES 

Authority for the Issue 

At the meeting of the Board of Directors of our Company, held on 

November 10, 2012, the Directors approved the issue of Bonds to 

the public upto an amount not exceeding ` 5,000 million in one or 

more tranches. This Issue is being made pursuant to the above 

mentioned resolution passed by the Board of Directors of our 

Company. 

As per the terms of the CBDT Notification, the aggregate volume 

of the issue of Bonds (having benefits under Section 10(15)(iv)(h) 

of the Income Tax Act) by our Company during the Fiscal 2013 

shall not exceed ` 50,000 lakhs. 

Prohibition by SEBI 

Our Company and/or our Promoter have not been restrained, 

prohibited or debarred by SEBI from accessing the securities 

market or dealing in securities and no such order or direction is in 

force. 

Disclaimer Clause of the BSE 

BSE Limited (“the Exchange”) has given vide its letter dated 

March 4, 2013, permission to this Company to use the Exchange’s 

name in this offer document as one of the stock exchanges on 

which this company’s securities are proposed to be listed. The 

Exchange has scrutinuzed this offer document for its limited 

internal purpose of deciding on the matter of granting the 

aforesaid permission to this Company. The Exchange does not in 

any manner: 

a) warrant, certify or endorse the correctness or completeness 

of any of the contents of this offer document; or 

b) warrant that this Company’s securities will be listed or will 

continue to be listed on the Exchange; or 

c) take any responsibility for the financial or other soundness 

of this Company, its promoters, its management or any 

scheme or project of this Company; 

and it should not for any reason be deemed or construed that 

this offer document has been cleared or approved by the 

Exchange. Every person who desires to apply for of otherwise 

acquires any securities of this Company may do so pursuant to 

independent inquiry, investigation and analysis and shall not 

have any claim against the Exchange whatsoever by reason of 

any loss which may be suffered by such person consequent to 

or in connection with such subscription/acquisition whether by 

reason of anything stated or omitted to be stated herein or for 

any other reason whatsoever. 

Listing 

An application will be made to the BSE for permission to deal in 

and for an official quotation of our Bonds. BSE has been 

appointed as the Designated Stock Exchange. 

If permissions to deal in and for an official quotation of our Bonds 

are not granted by BSE, our Company will forthwith repay, without 

interest, all moneys received from the applicants in pursuance of 

the Prospectus. 

Consents 

Consents in writing of: (a) the Directors; (b) our Company 

Secretary and Compliance Officer; (c) Bankers to our Company; 

36 



(d) Bankers to the Issue and Refund Banker*; (e) Lead Managers; 

(f) the Registrar to the Issue; (g) Lead Brokers to the Issue; (h) Tax 

Expert (i) Legal Advisors to the Issue; (j) Credit Rating Agencies; 

and (k) the Debenture Trustee to act in their respective capacities, 

have been obtained and the same will be filed along with a copy of 

the Prospectus with the ROC. 

* will be obtained at the time of filing of the Prospectus with the RoC. 

The consents of the Statutory Auditor of our Company, namely 

M/s. G.R. Kumar and Co. for inclusion of (a) their name as the 

Statutory Auditor, (b) examination report on Summary Financial 

Information of our Company in the form and context in which they 

appear in the Prospectus, have been obtained and the same will 

be filed along with a copy of the Prospectus with the Designated 

Stock Exchange. 

Expert Opinion 

Except the letters dated February 19, 2013 issued by Brickwork 

and January 7, 2013 and February 23, 2013 issued by CARE, in 

respect of the credit rating of the Issue, and the audit report dated 

March 2, 2013 and statement of tax benefits dated March 2, 2013 

issued by G. R. Kumar & Co., Statutory Auditors of our Company, 

our Company has not obtained any expert opinions. 

Minimum Subscription 

In terms of the SEBI Debt Regulations, an issuer undertaking a 

public issue of debt securities may disclose the minimum amount 

of subscription that it proposes to raise through the issue in the 

offer document. The Company has decided not to stipulate any 

minimum subscription for this Issue. 

Filing of the Draft Prospectus and the Prospectus 

The Draft Prospectus has been filed with BSE in terms of 

Regulation 7 of the Debt Regulations for dissemination on their 

website and a copy of the Prospectus will be filed with the RoC, in 

accordance with Sections 56 and 60 of the Companies Act. 

Debenture Redemption Reserve 

Section 117C of the Act states that any company that intends to 

issue debentures must create a DRR to which adequate amounts 

shall be credited out of the profits of the company until the 

redemption of the debentures. The Ministry of Corporate Affairs 

has, through its circular dated April 18, 2002, (“Circular”), 

specified that the quantum of DRR to be created before the 

redemption liability actually arises in normal circumstances should 

be ‘adequate’ to pay the value of the debentures plus accrued 

interest, (if not already paid), till the debentures are redeemed and 

cancelled. Pursuant to circular dated February 11, 2013 vide circular 

reference no. 04/2013 issued by the Ministry of Corporate Affairs, 

the adequacy of DRR shall be 25% of the value of debentures 

issued pursuant to the Issue. The amounts credited to DRR shall 

not be utilized by the company except for the redemption of the 

Bonds. 

Underwriting 

The Issue will not be underwritten. 

Stock Market Data 

Our Company’s Equity Shares are currently listed on the NSE, 

BSE, DSE and the CSE. 

Dividend 

Details of the dividend declared and payable by our Company to 

the shareholders in the last ten Fiscals are as mentioned below: 

Fiscal Year Face Value Paid Up Dividend Dividend 

per Equity Capital (` rate Amount 

share ` Millions) in 

Per share 

(` Millions) 

2011-12 10 280 Nil Nil 

2010-11 10 280 Nil Nil 

2009-10 10 280 30% 84 

2008-09 10 280 50% 140 

2007-08 10 280 150% 420 

(including 

75% interim 

Dividend) 

2006-07 10 280 150% 420 

(including 

60% interim 

Dividend) 

2005-06 10 280 150% 420 

(including 

60% interim 

Dividend) 

2004-05 10 280 120% 336 

(including 

40% interim 

Dividend) 

2003-04 10 280 120% 336 

2002-03 10 280 100% 280 

The amounts paid as dividend in the past are not indicative of 

our dividend policy. 

Revaluation of assets 

Our Company has not revalued its assets in the last five years. 

Changes in our Statutory Auditors during the last three years 

Name of the Date of Appointment/ Auditor since Remarks 

Auditors and Address Resignation 

G.R.Kumar & Co. Appointed vide letter from Office of 2011 - 2012 Nil 

Chartered Accountants Comptroller and Auditor General of 

9 Merrylife, Doctors’ India No. CA / V / Coy / Central 

Colony , Peda Waltair Government, Dredco (1) / 83 dated 

Visakhapatnam - 530 017 July 27, 2012 for the year 2012-13 

Andhra Pradesh, India Appointed vide letter from Office of 

Comptroller and Auditor General of 

India No. CA / V / COY / Central 

Government, Dredco (1) / 87 dated 

August 18, 2011 for the year 

2011-12. 

Rao & Narayan Appointed vide letter from Office of 2008 - 2009 to Nil 

Chartered Accountants Comptroller and Auditor General of 2010 -2011 

Srinivasa Apartments India No. CA / V / COY / Central 

Flat No. 6 Raj Bhavan Road Government, Dredco (1) / 28 dated 

Somajiguda July 12, 2010 for the year 2010-11 

Hyderabad – 500082 

Andhra Pradesh, India 

Appointed vide letter from Office of 

Comptroller and Auditor General of India 

No. CA / V / COY / Central 

Government, Dredco (1) / 17 DT 

August 12, 2009 for the year 2009-10 

Appointed vide letter from Office of 

Comptroller and Auditor General of 

India No. CA / V / COY / Central 

Government, Dredco (1) dated 

July 31, 2008 for the year 2008-09 



RISK FACTORS 

Prospective investors should carefully consider the risks and 

uncertainties described below, in addition to the other 

information contained in the Prospectus before making any 

investment decision relating to the Bonds. If any of the following 

risks or other risks that are not currently known or are now 

deemed immaterial, actually occur, our business, financial 

condition and result of operation could suffer, the trading price 

of the Bonds could decline and you may lose your all or part of 

your interest and / or redemption amounts. Unless otherwise 

stated in the relevant risk factors set forth below, we are not in 

a position to specify or quantify the financial or other 

implications of any of the risks mentioned herein. The ordering 

of the risk factors is intended to facilitate ease of reading and 

reference and does not in any manner indicate the importance 

of one risk factor over another. 

The Prospectus contains forward looking statements that 

involve risk and uncertainties. Our Company’s actual results 

could differ materially from those anticipated in these forward 

looking statements as a result of several factors, including the 

considerations described below and elsewhere in the Prospectus. 

Investors are advised to read the following risk factors carefully 

before making an investment in the Bonds offered in this Issue. 

You must rely on your own examination of our Company and 

this Issue, including the risks and uncertainties involved. 

Unless otherwise indicated, all financial and statistical data 

relating to the dredging industry in the following discussion 

are derived from the MoS, the GoI, the GoI’s Twelfth Five-Year 

Plan, and our internal operating data,. These data have been 

reclassified in certain respects for purposes of presentation. 

RISK RELATING TO OUR BUSINESS AND INDUSTRY 

1. We are defendants in some legal proceedings and claims 

arising from tax and contract disputes that, if determined 

against us, could have a material adverse impact on our 

results of operations and financial condition. 

2. Our performance is linked to the performance of the Indian 

economy and the dredging industry in India. 

3. We are substantially dependent on maintenance dredging 

which comprised more than 75% of our dredging volumes 

in the period from fiscal 2009-10 to fiscal 2011-12. 

4. About 55% of our income from operations is from the 

dredging work at Kolkata Port. 

5. The age, capacity and other limitations of our fleet of 

dredgers and our limited auxiliary equipment may impact 

our ability to compete against international dredging 

companies in the Indian dredging market if we are unable 

to upgrade and expand our fleet. 

6. Our business is subject to other operating risks such as 

environmental hazards, shortage of skilled manpower, 

foreign competition and risks inherent as well as ancillary 

to our operations 

7. Although we insure against the risk of damage to our 

equipment, employees and third parties, we cannot be sure 

that actual liabilities will not exceed our insurance 

coverage. 

8. We have limited experience in international dredging and 

are subject to risks related to our international operations. 

9. Environmental matters could force us to incur significant 

capital and operational costs. 

10. We operate in a competitive environment which may result 

in increased competitive pressure on our business. 

11. Our failure to anticipate, or adapt our business to, customer 

requirements and the introduction of new dredging 

techniques in the dredging industry may adversely affect 

our business and our leadership position. 

12. Our ability to reduce our repairs and maintenance costs is 

an essential part of our business strategy and we cannot 

assure you that our cost reduction measures will be 

successful. 

13. Increases in the cost of fuels and lubricants may have a 

material adverse impact on our results of operations. 

14. The GoI is a significant shareholder in our Company and 

has the ability to exercise significant control over us and 

its interests may conflict with your interests as a 

bondholder. 

15. We are dependent on a limited number of suppliers for the 

supply of critical spare parts used in our operations and 

93% of our spare parts consumed are imported which may 

result in additional expenses and affect the smoothfunctioning 

of our operations. 

16. Our employees are represented by trade unions and any 

labor unrest could adversely affect our operations and 

profitability. 

17. Our contingent liability could adversely affect our financial 

condition. 

RISKS RELATING TO THE INDIAN ECONOMY 

18. Financial instability in other countries may cause increased 

volatility in Indian financial markets. 

19. Our operations may be adversely affected by weather 

conditions and natural disasters and our business our 

future financial performance and the price of the Bonds 

may be adversely impacted. 

20. We are subject to risks arising from exchange rate 

fluctuations. 

21. Terrorist attacks and other acts of violence or war involving 

India, the United States, and other countries could adversely 

affect the financial markets, result in loss of customer 

confidence, and adversely affect our business, results of 

operations and financial condition. 

22. Investors may have difficulty enforcing foreign judgments 

in India against the Company or our management. 

38 



23. Our growth depends on the sustained growth of the Indian 

economy. An economic slowdown in India and abroad 

could have a direct impact on our operations and 

profitability. 

24. Political instability or changes in the government could 

delay further liberalization of the Indian economy and 

adversely affect economic conditions in India generally, 

which could impact our business. 

25. Any downgrading of India’s sovereign rating by an 

international rating agency (ies) may affect our business 

and our liquidity to a great extent. 

26. There may be less company information available in Indian 

securities markets than in securities market in other more 

developed countries. 

27. The proposed new taxation system could adversely affect 

our business and the price of the Bonds. 

Risks Relating to the Bonds or this Issue 

28. Changes in interest rates may affect the price of our Bonds. 

29. There has been no prior public market for the Bonds and 

the same may not develop in future, therefore the price of 

the Bonds may be volatile. 

30. The Bonds are classified as ‘tax free bonds’ eligible for tax 

benefits under Section 10(15)(iv)(h) of the Income Tax Act, 

1961 up to an amount of interest on such bonds. 

31. Any downgrading in credit rating of our Bonds may affect 

the value of Bonds and thus our ability to raise further 

debts. 

32. There is no guarantee that the Bonds issued pursuant to 

this Issue will be listed on BSE in a timely manner, or at 

all. 

33. There may be a delay in making refunds to applicants. 

34. Payments made on the Bonds will be subordinate to certain 

tax and other liabilities as laid down by law. 

MATERIAL CONTRACTS AND DOCUMENTS FOR 

INSPECTION 

The following contracts which are or may be deemed material 

have been entered or are to be entered into by the Company. 

These contracts and also the documents for inspection referred 

to hereunder, may be inspected at the Registered Office of the 

Company situated at Core-2,1st Floor, ‘Scope Minar’, Plot No.2A & 

2B, Laxmi Nagar Dist. Centre, Delhi-110091, India from 10.00 AM to 

5 P.M on any business days from the date of the Prospectus until 

the date of closure of the Issue. 

DECLARATION 

We, the Directors of the Dredging Corporation of India Limited, certify 

that all applicable legal requirements in connection with the Issue, 

including all the relevant provisions of the Companies Act, 1956, 

the SEBI Debt Regulations and the guidelines issued by the 

Government of India, or the guidelines issued by the Securities 

and Exchange Board of India, established under Section 3 of the 

Securities and Exchange Board of India Act, 1992 and any other 

competent authority in this behalf, have been duly complied with 

and no statement made in the Prospectus is contrary to the 

provisions of the Companies Act, 1956, the Securities and Exchange 

Board of India Act, 1992 or the rules made or guidelines/regulations 

issued thereunder, as the case may be. 

We further certify that the Prospectus does not omit disclosure 

of any material fact which may make the statements made therein, 

in light of circumstances under which they were made, misleading 

and that all statements in the Prospectus are true and correct. 

On behalf of the Board of Directors of 

DREDGING CORPORATION OF INDIA LIMITED: 

_________________________ 

CAPT. D.K. MOHANTY 

(Managing Director and Chief Executive Officer) 

____________________________ 

MR. P.V. RAMANA MURTHY 

Director (Finance) (Whole time Director) 

_______________________ 

MR. P.JAYAPAL 

Director(Operations and technical) (Whole time Director) 

_______________________ 

MR. M.C. JAUHARI 

Director (Part - time Official) 

_____________________ 

MR. BALACHANDRAN SRINIVASAN 

Independent Director (Part - time Non - Official Director) 

_______________________ 

DR. S. NARASIMHA RAO 


_______________________ 

MR. VINAI KUMAR AGARWAL 


Place: New Delhi 

Date: March 5, 2013 

FOR FURTHER DETAILS PLEASE REFER 

TO THE PROSPECTUS 



TIMING FOR SUBMISSION OF APPLICATION FORMS 

Applications shall be accepted only between 10 a.m. and 5 p.m. (Indian Standard Time “IST”), or such extended time as may be permitted by 

the Stock Exchanges, during theIssue Period on all days between Monday and Friday, both inclusive barring public holidays, at the Collection 

Centers or with the Lead Managers or Lead Brokers at the SpecifiedCenters and the Designated Branches of SCSBs as mentioned on 

the Application Form. On the Issue Closing Date, Applications shall be accepted only between 10 a.m. and 3 p.m.and shall be uploaded until 

5p.m. or such extended time as may be permitted by the Stock Exchanges. It is clarified that the Applications not uploaded in the electronic 

applicationsystem of the Stock Exchanges would be rejected. 

Due to limitation of time available for uploading the Applications on the Issue Closing Date, Applicants are advised to submit their Applications one day 

prior to the Issue Closing Date and,in any case, no later than 3p.m. on the Issue Closing Date. All times mentioned in the Prospectus are Indian 

Standard Times. Applicants are cautioned that in the event a large number ofApplications are received on the Issue Closing Date, some Applications 

may not get uploaded due to lack of sufficient time. Such Applications that cannot be uploaded will not be consideredfor allocation under the Issue. 

Applications will be accepted only on Business Days, i.e., Monday to Friday (excluding any public holiday). Neither our Company, nor the Members of 

theSyndicate or Trading Members of the Stock Exchanges is liable for any failure in uploading the Applications due to failure in any software/hardware 

system or otherwise. 

CENTERS FOR AVAILABILITY AND ACCEPTANCE OF APPLICATION FORMS 

In case of Applicant applying through ASBA Process in any Specified Cities i.e. 12 cities, namely, Mumbai, Chennai, Kolkata, Delhi, Ahmedabad, 

Rajkot, Jaipur, Bangalore, Hyderabad, Pune,Baroda and Surat, the ASBA Applicant can also submit their Application Form with the Members of 

Syndicate, at the addresses provided below, for uploading of the Application. The respectiveMember of Syndicate after uploading of the Application 

shall forward the Application Form to the Specified Branches of SCSBs for blocking of funds. At all other places (except SpecifiedCities, as above),the 

ASBA Application Forms should be submitted with the Designated Branch of SCSBs only and non ASBA Applications should be submitted to the 

Members of Syndicate/Trading Members as specified below: 

SBICAP SECURITIES LIMITED 

Agra: SBICAP Securities Ltd C/O Sbi Main Branch, Chipitola,282001,2252079.Ahmedabad: SBICAP Securities Ltd 2Nd Floor, “Nirman”, 

Besides Jyoti Plaza, Nr. Shyamal Cross Road, Satellite,380015,26764456. SBICAP Securities Ltd C/O State Bank Of India, 1St Floor, Modi 

Arcade, Near Rly Station, Maninagar (West),380008,25469205.Amritsar: SBICAP Securities Ltd C/O, State Bank Of India, Main Branch, 

Town Hall,143001,5030146.Asansol: SBICAP Securities Ltd C/O State Bank Of India,Asansol Main Branch,Bijoy Pal 

Sarani,713301,9641611679.Bangalore: SBICAP Securities Ltd Sbi Lho Campus Behind Spb Branch St. Marks Road,560001,32905247. 

SBICAP Securities Ltd Pragathi Mansion No 30, Ground Flr,DVG Road,,560004,. SBICAP Securities Ltd 1St Floor, C/O Sbi Koramangala 

Pbb Branch, No.472, Avs Complex, 4Th Block, Koramangala,560034,49074203. SBICAP Securities Ltd 3rd Floor, C/O Sbi, Indira Nagar Branch 

No. 2987, 12th Main Road, Hal 2Nd Stage, Indiranagar, Bangalore - 560008, Karnataka,560008,25200044.Bhavnagar: SBICAP Securities Ltd 

C/O State Bank Of Saurashtra - Kalanala Branch, Kalanala,364001,2520009.Bhillai: SBICAP Securities Ltd Sbi Main Branch,Sector 

1,490001,0.Bhopal: SBICAP Securities Ltd State Bank Of Indore Paanchanan T T Nagar,462003,6549108.Chandigarh: SBICAP Securities 

Ltd C/O State Bank Of India, Main Branch, Sco 43-48, 1St Flr, Sector 17 B,160017,5079240.Chennai: SBICAP Securities Ltd Sbi Main Branch 

New No.84, 22 Rajaji Salai,600001,42065997. SBICAP Securities Ltd Sbi Building No 2 A Prakasam Road Panagal Park T Nagar,600017,42606204. 

SBICAP Securities Ltd Sbi Spb Branch,Plot No.4, Teachers Colony,Indiranagar, Adyar,600020,42607565. SBICAP Securities Ltd C/O Sbi, 

22,Taylors Road, Kilpauk,639001,26600030.Coimbatore: SBICAP Securities Ltd Sbi Main Branch,State Bank Road.,641018,2395711. SBICAP 

Securities Ltd Sbi Premises - First Floor, 451, D.B. Road, R.S.Puram,641018,4355527.Dehradun: SBICAP Securities Ltd Sbi Main Branch, 

4Th Convent Road,248001,2651156.Durgapur: SBICAP Securities Ltd C/O. State Bank India, Durgapur Branch, Dsp Maingate, Po Durgapur- 

3,,713203,2588289.Erode: SBICAP Securities Ltd C/O. Sbi Main Branch, D-48,State Bank Road,638003,4270818.Ghaziabad: SBICAP 

Securities Ltd C/O, State Bank Of India,Navyug Marget,201001,2798891.Guntur: SBICAP Securities Ltd Shop No-13, Second Floor, Raghu 

Mansion, 4/1, Brodipet,522002,3244001.Gurgaon: SBICAP Securities Ltd Sbicap Securites, Sbi Sushant Lok 1, B/05, Unitech Trade 

Centre,12209,2385365.Guwahati: SBICAP Securities Ltd C/O State Bank Of India , Dispur Branch, Opposite Assam Sachibalaya, 

Dispur,,781006,2237594.Gwalior: SBICAP Securities Ltd C/O State Bank Of India,Basement, Main Branch ,Jiwaji Chowk, 

Lashkar,474001,2620727.Hyderabad: SBICAP Securities Ltd State Bank Of Hyderabad Ground Floor, Gunfoundry,500001,23321875. SBICAP 

Securities Ltd 1St Floor, Dmc Center, Above State Bank Of India, St. John’S Road, East Marredpally, Secunderabad,500026,40137725. 

SBICAP Securities Ltd C/O, State Bank Of India G O C, Koti (Lho), Bank Street,500001,24750622.Indore: SBICAP Securities Ltd State 

Bank Of Indore 5,Yashwant Niwas Road,452003,2547517. SBICAP Securities Ltd State Bank Of India Gpo Main 

Branch,452001,4036625.Jabalpur: SBICAP Securities Ltd C/O. Sbi Main Branch, Civil Lines,482001,4218261.Jaipur: SBICAP Securities 

Ltd C/O Sbi Special Branch, Ground Floor, Sangeneri Gate,302003,4006483. SBICAP Securities Ltd 128 , A - Block , First Floor , Opp. Sbbj 

Bank,Ganpati Plaza, M I Road,302001,3221945. SBICAP Securities Ltd C/O Sbi Main Branch, State Bank Building, 

Budhwariya,,465001,4061476.Jalandhar: SBICAP Securities Ltd C/O. State Bank Ofindia, Civil Lines,144001,4636317.Jammu: SBICAP 

Securities Ltd C/O State Bank Of India, Railway Road Branch,,180001,2471118.Jamnagar: SBICAP Securities Ltd G-3, Ground Flr, Madhav 

Darshan Complex, Opposite Cricket Bungalow Near Limda Line,361001,2555170.Jamshedpur: SBICAP Securities Ltd Sbi, Jamshedpur 

Bistupur,831001,3206515.Jodhpur: SBICAP Securities Ltd C/O Sbi, Special Branch, High Court Campus, Kachauri,,342001,2546546.Kanpur: 

SBICAP Securities Ltd Sbi, Main Branch Campus, Zonal Office,16/101 Civil Line Mall Road,,208001,2333571.Kochi: SBICAP Securities 

Ltd Sbi Shanmugham Rd. Branch 2Nd Floor, Ktdc Bldg, Ernakulam,682031,3248745.Kolkata: SBICAP Securities Ltd Sbi Main Branch 

Sammriddi Bhavan 3Rd Floor, 1- Strand Road,700001,22481729. SBICAP Securities Ltd State Bank Of India Jeevandeep Bldg,Ground Floor 

Middleton Street,700071,22886604. SBICAP Securities Ltd C/O Sbi, 50 A, Gariahat Road, Ballygunge,,700019,0. SBICAP Securities Ltd C/ 

O—State Bank Of India,Bikash Bhavan Goc.Ground Floor.Sector-Ii,Saltlake,700091,.Kota: SBICAP Securities Ltd Kota Main Branch, 

Chhawani Chouraha,324007,2390147.Lucknow: SBICAP Securities Ltd C/O State Bank Of India, 2/103 Vijay Khand First Flr, Gomti 

Nagar,226010,2303261. SBICAP Securities Ltd C/O Sbi Govt.Business Branch Moti Mahal Marg Behind K.D.Singh Babu Stadium Hajrath 

Ganj,226001,3202184.Ludhiana: SBICAP Securities Ltd Sbi, 1St Floor Fountain Chowk Civil Lines,141001,5025634.Madurai: SBICAP 

40 



Securities Ltd C/O State Bank Of India, Number - 7A, West Veli Street, Opposite Railway Station,,625001,4506404.Mangalore: SBICAP 

Securities Ltd C/O Sbi, Mangalore Main Branch, Port Road, P.B.No-90,575011,4265361.Mumbai: SBICAP Securities Ltd State Bank Of 

India M.G.Road Ghatkopar East,400077,25020964. SBICAP Securities Ltd C/O Sbi Nri Branch, Maker Chambers -3, Ground Floor, Nariman 

Point,400021,22040238. SBICAP Securities Ltd Sbi Admin Building Compound, Madam Cama Rd., Nariman Point,400021,22023214. SBICAP 

Securities Ltd C/O Sbi Spb Branch, Mumbai Samachar Marg, Gate No 7, Horniman Circle, Fort,,400001,32660216. SBICAP Securities Ltd 

2Nd Flr, C Wing, Mafatlal Chambers, N.M Joshi Marg, Lower Parel,400013,42273451. SBICAP Securities Ltd C/O Sbi Jvlr Branch, Ground 

Floor,Juhu Versova Link Road, Andheri (W),400053,26707887.Mysore: SBICAP Securities Ltd C/O State Bank Of India, Mysore Main 

Branch,P.B.No-204, Motikhana Building, New Sayaji Rao Road,570024,2435866.Nagercoil: SBICAP Securities Ltd C/O Sbi, 14-B, State 

Bank Road,642001,420737.Nagpur: SBICAP Securities Ltd C/O Sbi Seva Sadan Branch, 75 Moti Mohan Complex Seva Sadan Chowk, 

C.A.Road,440018,3257729.Nashik: SBICAP Securities Ltd C/O Sbi Spbb Br., Plot No. 56 ,Opp. Wadnagare Bhavan, Thatte Wadi, College 

Road,422005,2232152.New Delhi: SBICAP Securities Ltd Sbi Spb Branch11, Parliament Street,110001,23744235. SBICAP Securities Ltd 

State Bank Of India Personal Banking Branch, A-15 Hauz Khas,110016,26511104. SBICAP Securities Ltd 9, New Rajdhani Enclave, Swasthya 

Vihar,Nr Preet Vihar Metro Station,110092,45108482. SBICAP Securities Ltd C/O, State Bank Of India, E-2/28, Sector-7, 

Rohini,110085,27055815.Noida: SBICAP Securities Ltd C/O State Bank Of India, Sector-26,201301,2532133.Panchkula: SBICAP Securities 

Ltd C/O State Bank Of India,Sco - 14, Sector 10,,140109,4010507.Panjim: SBICAP Securities Ltd Sbi, Panaji Main Branch Dayanand 

Bandodkar Marg Near Hotel Mandovi,403001,3253886.Patiala: SBICAP Securities Ltd State Bank Of Patiala Mall Road, The Mall Near 

Sherawala Gate, Demat Section,147001,5013356.Patna: SBICAP Securities Ltd C/O State Bank Of India ,Spb Gandhi Maidan,Biscoman 

Bhavan,800001,3260943.Pondicherry: SBICAP Securities Ltd 164, Kamraj Salai, 1St Flr, Above Sbi Adb Branch,605013,4304236.Pune: 

SBICAP Securities Ltd C/O Sbi Bund Garden Branch, Grale 171/B, 1St Floor, Dp Road,411001,30221091.Raipur: SBICAP Securities Ltd 

C/O State Bank Of India,Kutchery Branch,Kutchey Chowk,492001,4075329.Salem: SBICAP Securities Ltd Sbi Siruthozhil Branch Bank 

House,No. 68 Cherry Road,636007,4031780.Shimla: SBICAP Securities Ltd C/O State Bank Of India, New Building, 2Nd Floor, The 

Mall,171003,2652726.Surat: SBICAP Securities Ltd 1/580, Pore Street, Nanpura, Opp Sbi,395001,2464888.Thiruvananthapuram: SBICAP 

Securities Ltd First Floor, State Bank Of Travancore Building, Sasthamangalam,695010,6454296.Trichy: SBICAP Securities Ltd C/O, State 

Bank Of India, Micr Center, Ground Flr, Asha Arcade, 73 Promenade Road, Cantonment,620001,4002818.Udaipur: SBICAP Securities Ltd C/ 

O Sbi, Main Branch, 23/C Madhuban,313001,2420150.Vadodara: SBICAP Securities Ltd Sbi, Alkapuri, R.C.Dutt Road,390007,6535747. 

SBICAP Securities Ltd C/O. Sbi Mandvi Main Branch, Opp Jamnabhai Hospital, Mandvi,,390001,2516422. SBICAP Securities Ltd C/O. Sbi 

Makarpura I.E. Branch, Vcci Building, Makarpura,390010,2632533.Varanasi: SBICAP Securities Ltd C/O State Bank Of India , Bhelupur 

Branch,221010,22277558.Vijayawada: SBICAP Securities Ltd Sbi ,Governorpet Branch Ali Begh Street 

Governorpet,520002,2577887.Visakhapatnam: SBICAP Securities Ltd C/O Sbi Main Branch, Demat Section, Opposite Jail Road Junction, 

Near Redham Gardens,530002,9949324544. 

A. K. STOCKMART PRIVATE LIMITED 

AGRA: A K STOCKMART PVT LTD, C/O IKITA GUPTA 9,SBI COLONY,1ST FLOOR,OPP SUBHASH PARK,MG ROAD, AGRA,UTTAR 

PRADESH-282002. Tel: 7351925461. AHMADNAGAR: RELIGARE SEC LTD, SHOP NO. 5 , 6 , 7 & 8 HIMALAYA TOWERS,AHMADNAGAR 

SAVEDI ROAD-414001, Tel: +919371977618. AHMEDABAD: A K STOCKMART PVT LTD, 101/102, KALVANNA NEW CENTRE POINT, 

PANCHVATI CIRCLE,AHMEDABAD 380 009, TEL:- 079 32910590 .ASSET ALLIANCE SEC PVT LTD, ADITYA SEC 88/712PUSHPAK 

APT NR.SOLA HBC POST OFFICE 132 FT. RING ROAD, NARANPURA-380052, Tel: 9824313018; ASSET ALLIANCE SEC PVT LTD, 

LATIN MANHARLALA SEC PVT LTD NEEL KAMAL COMPLEX 2ND FLOOR, OPP SALES INDIA ASHRAM ROAD NEAR INCOME 

TAX CIRLE-380052, Tel: 9227630300; BONANZA PORTFOLIO LTD, 401, SHITAL VARSHA ARCADE; NR. GIRISH COLD DRINK, CROSS 

ROAD; C G ROAD-380009, Tel: 9374986373; IDBI CAPITAL MARKET SERVICES LTD, 314, 3RD FLOOR CRYSTAL ARCADE, BESIDE 

BSNL COMPLEX, NEAR GIRISH COLD DRINK CROSS ROAD, C G ROAD,-380006, Tel: 079-40075054/55/56/ 9374523201; MOTILAL 

OSWAL SEC LTD, BEARING NO. G-6/7/8/9 & 10 CITYPRIDE COMPLEX NEAR NALANDA HOTEL MITHAKALI CIRCLE 

NAVRANGPURA 380009-, Tel: 30078120, 8121; RELIANCE SEC LTD, OFFICE NO 101/B SHIVALIK - 2 1ST FLOOR, ABOVE ICICI BANK 

132 RING ROAD, SATELLITE- 380015,Tel: 30483453; RELIGARE SEC LTD, 201,202,203,2ND FLOOR,DEV COMPLEX, OPP PARIMAL 

GARDEN, C.G. ROAD-380006, Tel: +919998344466; SHAREKHAN LTD, 201/202, DYNAMIC HOUSE, NEAR VIJAY CROSS ROAD, 

NAVRANGPURA-380009, Tel: 079 – 66060141 /42/43/6606 0150; SPA SEC LTD, 401,ARJUN AVENUE,NEAR NUTAN NAGRIK BANK,OPP. 

SAMARTHESHWAR MAHADEV,ELLISBRIDGE-380006, Tel: 7600033940; WAY 2 WEALTH BROKERS PVT LTD, 304, III FLOOR, 3RD 

EYE BUILDING PANCHAVATI CROSS ROAD, C G ROAD-380009, Tel: 7600017727 ; JM FINANCIAL SERVICES PVT LTD, G-10 

CHINUBHAI CENTRE, GR. FLR,NEHRU BRIDGE CORNER,ASHRAM ROAD,-380009, Tel: 079-2657 6666 - 70. AHMEDNAGAR: 

PRABHUDAS LILLADHER PVT LTD, C/O AMIT INVESTMENT 2155 , TAPKIR GALLI, AHMEDNAGAR-414001, Tel: 095241- 

2345049. AJMER: RELIGARE SEC LTD, 415/11, OPP GUJRATI SCHOOL, KUTCHERY ROAD-305001, Tel: +919352142892. ALIGARH: 

RELIGARE SEC LTD, BLOCK A, 1ST FLOOR, CENTRE POINT MARKET, SAMAD ROAD-202001, Tel: +919927090905. ALLAHABAD: 

A K STOCKMART PVT LTD, BLDG C/O PADMAVATI FINANCIAL SERVICES PUNEET TONDON BLDG -28, HASTINGS ROAD, 

ALLAHABAD UTTAR PRADESH 211001. Tel: 9335143387. ALWAR: SHAREKHAN LTD, 2/539, ARAVALI VIHAR, KALA KUA HOUSING 

BOARD-301001, Tel: 0144-2360880/3290307). AMRAVATI: RELIGARE SEC LTD, AMAR PLAZA, STREET NO.56/A, INFRONT OF 

VENKATESH BALAJI TEMPLE JAISTAMBH SQUARE-444601, Tel: +919561096216. AMRITSAR: RELIGARE SEC LTD, SCO-44, 1ST 

FLOOR, NAGPAL TOWERS-II, DISTRCIT SHOPPING CENTRE,NEAR HOTEL M.K., RANJIT AVENUE-143001, Tel: +919779586664; 

WAY 2 WEALTH BROKERS PVT LTD, 10, GROUND FLOOR, DEEP COMPLEX A. J. TOWER, OPP. HDFC BANK COURT ROAD- 

143001, Tel: 9872473213; SHAREKHAN LTD, 5 DEEP COMPLEX, 1ST FLOOR , OPP DOABA AUTOMOBILES , COURT ROAD-143001, 

Tel: 0183 - 6451903/904/905. ANAND: BONANZA PORTFOLIO LTD, G-10, PHALGUNI TRADE VAIDERBHI COMPLEX, NR V V NAGAR 

RLY ST, GIDC, VITTAL UDYOG NAGAR-388121, Tel: 9825946815; PRABHUDAS LILLADHER PVT LTD, C/O. G/19, VAIBHAV TOWER, 



ANAND- V.V.NAGAR ROAD-388001, Tel: 02692 - 245279; RELIGARE SEC LTD, 2ND FLOOR, OFFICE NO. 204, 205 MARUTI 

SANKALP, OPP. A.P.C. ANAND VIDYANAGAR ROAD-388001, SHAREKHAN LTD, F/5, PRARTHANA VIHAR COMPLEX, 1ST 

FLOOR, NEAR PANCHAL HALL, VIDYANAGAR ROAD-388001, Tel: 02692 - 245615 to 16. ANANTPUR: RELIGARE SEC LTD, 01ST 

FLOOR, LAKSHMI ARCADE, SUBHASH ROAD-515001, Tel:+919393760320. ASANSOL: RELIGARE SEC LTD, 1ST FLOOR, 

SUMITRA COMPLEX, OPP.SYNDICATE BANK, G.C.MITRA ROAD, HUTTON ROAD-713301, Tel:. AURANGABAD: A K STOCKMART 

PVT LTD, SHOP NO C/O ABHIJIT C. BHAIWAL B-2, UDYOG DRUSHTI APARTMENT, GOLWALKAR GURUJI MARG,ULKA 

NAGARI, AURANGABAD: 431005. Tel:.09689915013. RELIGARE SEC LTD, 1ST FLOOR, BHASKAR MERIDIAN, OPP. SWATANTRA 

SAINIK COLONY, NAGESHWARWADI, AURANGABAD-431001, Tel: +91_954555540; SHAREKHAN LTD, OFFICE NO 1,2,3, IST FLOOR, 

VARAD TOWERS, KHOKADPURA,NEAR SHIVAJI HIGH SCHOOL-388001, Tel: 0240-2361240/2339627 .BELGAUM: RELIGARE SEC 

LTD, 1ST FLOOR, KHIMJI BUILDING, B.R.AMBEDKAR ROAD, ABOVE HDFC BANK-590001, Tel:. BENGALURU: A K STOCKMART 

PVT LTD, 709/710 5 TH FLOOR, BRIDGE TOWER, NO – 135, BRIDGE ROAD, BAGALORE – 560025,080 41117119/22223404. ASSET 

ALLIANCE SEC PVT LTD, SSSB SEC , 104/2, 1ST FLOOR, MAGADI MAINROAD, GOVINDRAJA NAGA R-560040, Tel: 080- 

42057509,080-42151151; BONANZA PORTFOLIO LTD, NO. 1386, III FL, SLN PLAZA, SHIVAJI NAGAR, JAYANAGAR -560011, Tel: 

9748485576; CENTRUM WEALTH MANAGEMENT LTD, 194, AKRUTI CHAMBERS, BINNAMANGALA, STAGE II, DOUBLE 

ROAD, INDIRANAGAR-560038, Tel: 9686450949, 080-32218880; IDBI CAPITAL MARKET SERVICES LTD, NO. 63, RIGHT WING, 1ST 

FLOOR, K. H. ROAD, (DOUBLE ROAD), OPP. BMRTC BIG BAZAAR, ABOVE VODAPHONE STORE,-560027, Tel: 080-22117869/ 

22117858/22117859/9341481102; IFCI FINANCIAL SERVICES LTD, NO.7, 2ND FLOOR,2ND CROSS CSI COMPOUND,MISSION 

ROAD,BANGALURU-560 027. Tel: 080-41306400,41306404/080-32557222; JM FINANCIAL SERVICES PVT LTD, 97/4 RESIDENCY RD- 

560025, Tel: 080- 30912400/2299 8264/65/66/67; PRABHUDAS LILLADHER PVT LTD, S-10, WHITE HOUSE, ST. MARK’S ROAD- 560003, 

Tel: 080 - 40943080; RELIANCE SEC LTD, 2ND FLOOR, NO 43, PM COMPLEX CAMBRIDGE LAYOUT 2ND CROSS SAIBABA TEMPLE 

ROAD ULSOOR-560008, Tel: 32495206; RELIGARE SEC LTD, SITE NO 8, 2ND FLOOR, S T BED AREA, 80 FEET ROAD, 4TH BLOCK 

KORMANGALA- 560095, RELIGARE SEC LTD, 4TH FLOOR, ALMAS CENTRE NO. 87, MAHATMA GANDHI ROAD-560001, 

SHAREKHAN LTD, #2307,SWANLINES BUILDING, 12TH MAIN ROAD, 3RD BLOCK EAST,JAYANAGAR-431001, Tel: 080 - 42876666 

; SPA SEC LTD, 703-704 7TH FLOOR BRIGADE TOWER 135 BRIGADE RAOD-560001, Tel: 9341916061; WAY 2 WEALTH BROKERS 

PVT LTD, F-102 SURAJ PLAZA, 196 8/8, 8TH FLOOR,MAIN RAOAD 25TH CROSS, 3RD BLOCK JAYANAGAR-560011, Tel: 9987922211; 

WAY 2 WEALTH BROKERS PVT LTD, GROUND FLOOR, COFFEE DAY SQUARE ANNEX, VITTAL MALLYA ROAD-560001, Tel: 080- 

40868927. BETTIAH: SHAREKHAN LTD, NEAR HOTEL BHARAT JALPAN, LAL BAZAR-560011, Tel:06254-241512/522. BETUL: 

SHAREKHAN LTD, “ HOUSING BOARD COLONY “, GURUDWARA ROAD, GANJ-845438, Tel: 07141 - 233233/ 234533/ 329415. 

BHAGALPUR: RELIGARE SEC LTD, 2ND FLOOR, ANGAR COMPLEX, PATAL BABU ROAD -812001,BHARUCH: PRABHUDAS 

LILLADHER PVT LTD, 1ST FLOOR, BLUE CHIP COMPLEX, SEVASHRAM ROAD, PANCH BATTI-392001, Tel: 02642-242115; RELIGARE 

SEC LTD, 249 - 251, 2ND FLOOR, ADITYA COMPLEX, JHADESHWAR ROAD-392001, Tel: +911967691060. BHAVNAGAR: A K 

STOCKMART PVT LTD, C/O SIDDHARTH UDAYBHAI SARVAIYA B/11-12, RADHESHYAM COMPLEX, BELOW IDBI BANK, 

WAGHAWADI ROAD, BHAVNAGAR: 364002. Tel: 094262 37374. BHILAI: PRABHUDAS LILLADHER PVT LTD, C/O SRG INVESTMENT, 

190 ZONAL MARKET, SECTOR-10-490006, Tel: 0788-2356711; RELIGARE SEC LTD, SHOP NO. 305, 2ND FLOOR, KHICHARIYA 

COMPLEX, 2/2, NEHRU POARISHAR-490020, Tel:. BHILWARA: A K STOCKMART PVT LTD, C/O ANIL KUMAR LADHA 1-N- 

58,R.C.VYAS COLONY,NEAR WATER TANKI, BHILWARA 311001 RAJASTHAN. Tel: 9829244797. BHOPAL: IDBI CAPITAL MARKET 

SERVICES LTD, HARISONS HOUSE, UPPER GROUND FLOOR, 6 MALVIYA NAGAR,- 462003, Tel: 0755-276 0010/325 5480 /9893000345; 

KALPATARU MULTIPLIER LTD, E-3/103 ARERA COLONY, NEAR CINDRELLA SCHOOL,10 NO. STOP-462042, Tel: 4276724-725- 

728,09826430536; PRABHUDAS LILLADHER PVT LTD, C/O SUNIL DOSHI. S-9, 2ND FLR, SUBHAG CITY CENTER, OPP. INDIAN 

COFFEE HOUSE, MALVIYA NAGAR-462003, Tel: 0755-2572290, 2557734; RELIGARE SEC LTD, PLOT NO.7, THIRD FLOOR, MAJOR 

SHOPPING CENTRE, ZONE-II, SCHEME NO. 13, M.P. NAGAR-462011, SHAREKHAN LTD, SHOP NO. 114,115 & 116, 1ST FLOOR, 

PLOT NO. 2, AKANSHA PARISAR, ZONE- 1,, M.P. NAGAR-364001, Tel: 0755 - 4291600/ 4262200. BHUBANESWAR: A K STOCKMART 

PVT LTD, C/O PR FINANCIAL CONSULTANTS PVT LTD PRABIR KUMAR RATH 18, BAPUJI NAGAR, BHUBANSWAR - 751009, 

ODISHA. IDBI CAPITAL MARKET SERVICES LTD, IDBI HOUSE, JANPATH, UNIT IX-751022, Tel: 0674-320 8801/2/3, 254 5447/ 

09337012382; RELIGARE SEC LTD, PLOT NO-24, SCR BAPUJI NAGAR, JANPATH, BHUBANESHWAR-751009, Tel:. BIKANER: 

RELIGARE SEC LTD, FIRST FLOOR, GANPATI PLAZA, KEM ROAD-334001, Tel:. BILASPUR: RELIGARE SEC LTD, ROOM NO:502, 

V.R.PLAZA NEAR SRIKANT VERMA MARG LINK ROAD-495001, Tel: +919993094986. BURDWAN: RELIGARE SEC LTD, 401, 1ST 

FLOOR, G.T.ROAD, BIRHATA, KALITALA-713101, Tel: +919903800061. CALICUT: IFCI FINANCIAL SERVICES LTD, FAREMONT 

BUILDING FIRST FLOOR,WAYANADU RD, ERANHIPALAM PO,CALICUT-673006.. Tel: 0495-4022005 /0495-3211770; RELIGARE SEC 

LTD, ROOM NO 2 TO 8, 3RD FLOOR, C D TOWER, BYPASS ROAD, PUTHIYARA-673004, SHAREKHAN LTD, 1ST FLOOR, 6/1002 F, 

CITY MALL, OPP. YMCA, KANNUR ROAD,-673001, Tel: 0495 - 6450307/308/312. CHANDIGARH: EMKAY GLOBAL FINANCIAL 

SERVICES LTD, SCO 421-22, 2ND FLOOR, SECTOR 35C-160030, Tel: 9833522839; IDBI CAPITAL MARKET SERVICES LTD, SCO 86, 1ST 

FLOOR, SECTOR 44 C-160044, Tel: 0172-324 2449/324 4416/09357589005; MASTER CAPITAL SERVICES LTD, S.C.O.22-23 2ND FLOOR 

SECTOR 9 D-160009, Tel: 9814610637; RELIGARE SEC LTD, SCO - 56-58, 2ND FLOOR, SECTOR 9 D-160017, Tel: +919878824115; SPA SEC 

LTD, 1ST FLOOR SCO-307, SECTOR-38- D-160038, Tel: 9988694545; WAY 2 WEALTH BROKERS PVT LTD, BASEMENT ICICI BANK, 

OPP. PETROL PUMP, SCO 218-219, SECTOR 34-A-160022, Tel: 9501006688, 0712-4014382. CHENNAI: A K STOCKMART PVT LTD, 

17A, 1 ST FLOOR, WELLINGTON ESTATE, ETHIRAJ SALAI, EGMORE, CHENNAI – 600006 TEL : 04442147213. BONANZA PORTFOLIO 

LTD, S K L S COMPLEX, 1ST FLOOR NO.164/21,G N T ROAD, RED HILLS-600052, Tel: 044- 26320877; CENTRUM WEALTH 

42 



MANAGEMENT LTD, GANESH ENCLAVE 39 GOPALAPURAM 1ST STREET-600086, Tel: 9884480228, 044-42229681,83; IFCI 

FINANCIAL SERVICES LTD, CONTINENTAL CHAMBERS, 3RD FLOOR, 142, MAHATMA GANDHI OAD,NUNGAMBAKKAM, 

CHENNAI 600 034.. Tel: 044-28306600; NIRMAL BANG SEC PRIVATE LTD, NEW NO.51, C P RAMASAMY ROAD,C P MANOR 

BUILDING ALWARPET-600018, Tel: 044- 42912650 / 09940109035; PRABHUDAS LILLADHER PVT LTD, NO. 158, 1ST FLOOR, 

WILLINGTON ESTATE 24, ETHIRAJ SALAI-600105, Tel: 044 –42660486/ 88; RELIANCE SEC LTD, RELIANCE HOUSE, GROUND 

FLOOR, NO. 6 HADDOWS ROAD, OPP. SHASHTRI BHANAN NUNGAM BAKKAM - 600006, Tel: 30254749; RELIGARE SEC LTD, 

4TH FLOOR, CITY TOWER, NO. 117, THEAGARAYA ROAD, T. NAGAR-600017, Tel: +919840462292; RELIGARE SEC LTD, OFFICE 

NO.1, PLOT NO. 14, IIIRD CROSS STREET, KASTURBANAGAR, ADYAR-600020, Tel: +919840954109; RELIGARE SEC LTD, NO.715-A, 

7TH FLOOR, 2ND PHASE, SPENCER PLAZA,769, ANNASALAI-600002, RELIGARE SEC LTD, DOOR NO. ; -236, 2ND FLOOR, P.R. 

PLAZA, VELACHERY MAIN ROAD, SELIAYUR, TAMBRAM-600073, Tel: +919940071994; RELIGARE SEC LTD, W-101, 1ST FLOOR, 

SECOND AVENUE, ANNA NAGAR -600040, Tel: 8939802543; SHAREKHAN LTD, G-2, SALZBURG SQUARE, 107-HARRINGTON 

ROAD, CHETPET-600031, Tel: 044 - 28362800/2900/28363160; SPA SEC LTD, D.NO-2 5TH FLOOR PHASE-II KASI ARCADE NO-14 SIR 

THAYAGARYA ROAD T. NAGAR-600017, Tel: ‘09841040060; WAY 2 WEALTH BROKERS PVT LTD, WING E, 2ND FLOOR, RNJ 

ENCLAVE, NO.11, MAHALINGAPURAM MAIN ROAD, NUNGAM BAKKAM-600034, Tel: 044-42201512; WAY 2 WEALTH BROKERS 

PVT LTD, VAMIKA SEC SERVICES PVT LTD SMS CENTRE, FIRST FLOOR NO: 177, ROYAPETTAH HIGH ROAD MYLAPORE-600004, 

Tel: 9987922211; JM FINANCIAL SERVICES PVT LTD, GEE CRYSTAL- 5TH FLOOR,91-92. DR .RADHA KRISHNAN SALAI,MYLAPORE,- 

600004, Tel: 044-4225 5666. COIMBATORE: A K STOCKMART PVT LTD, C/O VSSL STOCK BROKING PRIVATE LIMITED 

S.LAKSHMANASAMY 85-C, L.G.ARCADE, SENGUPTA STREET, RAMNAGAR,COIMBATORE-641 009. Tel: 9843144212. CUTTACK: 

A K STOCKMART PVT LTD, C/O BISWA PRASAD DAS 2ND FLOOR,KB COMPLEX,STATION ROAD,NEAR HP PETROL 

PUMP,COLLEGE SQUARE,CUTTACK,ODISHA-753003. Tel: 0671-2549715/2548715 ,9338089590,6991247; A K STOCKMART PVT LTD, 

C/O VIKASH SRIVASTAVA KAIBALYA KAIBALYA ,1ST FLOOR, LINK ROAD, ABOVE ING VYASA BANK, CUTTCK, ORISSA, 

753012. Tel:. DEHRADUN: A K STOCKMART PVT LTD, C/O STERLING PORTFOLIO & LEASING 202, NEELKANTH COMPLEX, 43, 

RAJPUR ROAD, DEHRADUN-248001 UTTARANCHAL. Tel: 09837003530. DELHI: IDBI CAPITAL MARKET SERVICES LTD, OFFICE 

NO. 216- 217-218, SECOND FLOOR, VARDHMAN TOWER, PREET VIHAR, -110092, Tel: 011-3247 2133/3247 3307/2245 7808/9711402125; 

PRABHUDAS LILLADHER PVT LTD, C/O. MEENAKSHI FIN. SER. 104, 1ST FLOOR, AGGARWAL CHAMBERS, NEAR SAINIK 

VIHAR, OPP. VENUS APARTMENT, PITAMPURA-110034, Tel: 011 - 47002151/52/54. DHANBAD: A K STOCKMART PVT LTD, c/o 

POONAM AGARWAL NARAYANI SEC,307,SAI RAM 09864014385 LAZA, BANK MORE, DHANBAD 826001. Tel:. DURGAPUR: 

PRABHUDAS LILLADHER PVT LTD, 2ND FLOOR, HDFC BUILDING, KWALITY HOTEL COMPLEX, BHIRINGI, DURGAPUR, 

DIST- BHURDWAN -713213, Tel: 0343-2588242/ 09332337194; RELIGARE SEC LTD, B-309 BENGAL SHRISTI COMPLEX CITY 

CENTRE-713216, Tel: +919903994898. ERODE: A K STOCKMART PVT LTD, C/O HAD BEST FINANCIAL SERVICE 139,NSA NAGAR, 

1ST FLOOR SANKAR NILAYAM, NEAR CLUB MELANGE, PERUNDURAI ROAD,ERODE- 638011. Tel: 9865267766. FARIDABAD: 

RELIGARE SEC LTD, SCO - 6, IIND FLOOR SECTOR - 16, MAIN MARKET, FARIDABAD-121007, GANDHIDHAM : A K STOCKMART 

PVT LTD, C/O M/S. GLOBAL INVESTMENT CHINTAN CHHEDA ,D B Z. – SOUTH – 170, GANDHIDHAM – KACHCHH,PIN. : 370201. 

Tel:. GANGANAGAR: RELIGARE SEC LTD, SHOP NO. 15 & 16, NEW DHAN MANDI ROAD, NEAR GATE NO. 2, SRI GANGA NAGAR- 

335001, Tel: +918875006837. GANGTOK: RELIGARE SEC LTD, UPPER ARITHANG, HUNGRY JACK PLAZA, NEXT TO HOTEL 

HUNGRY JACK, NEAR BANSILAL PETROL PUMP, NH-31A-737101, Tel:. GHAZIABAD: A K STOCKMART PVT LTD, C/O KHULLAR 

PAYAL KHULLAR ,R13/111,RAJ NAGAR,GHAZIABAD,UP. Tel: 09810236377. GORAKHPUR: A K STOCKMART PVT LTD, C/O DHIRAJ 

KUMAR GUPTA 1ST FLOOR,RAM GOVIND COMPLEX,OPP RAJ CINEMA,SUMER SAGAR ROAD, GORAKHPUR, UP-273001. Tel: 

09305903555,07897820804,0551-2205986. GUNTUR: RELIGARE SEC LTD, RATNA DEEPIKA PLAZA” 9/1 DOOR NO.6-9-17, 2ND 

FLOOR ARUNDELPET -522002, Tel: +919391278169; SHAREKHAN LTD, D.NO.5-87-89,2ND LANE,,2ND FLOOR,LAKSHIPURAM 

MAIN ROAD-522007, Tel: 0863 - 6452334. GURGAON: RELIGARE SEC LTD, JMD REGENT SQUARE SHOP NO. GF-8, DLF PHASE-II 

MEHRAULI-GURGAON ROAD-122002, SHAREKHAN LTD, GF 10 JMD REGENT SQUARE,DLF PHASE II,,NEAR CHAKARPUR OPP 

SAHARA MALL,,MAIN MEHRAULI GURGAON ROAD-122001, Tel: 0124 - 4104555/6/7. GUWAHATI: A K STOCKMART PVT LTD, C/ 

O AMIT INVESTMENT RATANLAL JAIN 1ST FLOOR, ROOM NO.1,KAMAKHYA UMANANDA BHAWAN,A.T. ROAD, GUWAHATI, 

ASSAM-781001. A K STOCKMART PVT LTD, C/O SHREE SALASAR CAPITAL MARKET NITIN JAIN BRAND NEW DAY,BHAGABAN 

BHARALI COMPLEX,NEAR KOTAK MAHINDRA BANK,G S ROAD, GUWAHATI - 781007. Tel: 09678008140; A K STOCKMART PVT 

LTD, c/o PARAS MAL JAIN SARAF BLDG ANNEX R NO 5, 3RD FLOOR, AT ROAD GUWAHATI 781001 ASSAM. Tel: 9864014385; IDBI 

CAPITAL MARKET SERVICES LTD, C/O IDBI LTD., IDBI HOUSE, 4TH FLOOR, NORTH EASTERN ZONAL OFFICE, G. S. ROAD,- 

781005, Tel: 9864259980. GWALIOR: PRABHUDAS LILLADHER PVT LTD, C/O SHARECON. JHAWAR BLDG, SARAFA RD, LASHKAR- 

474001, Tel: 0751- 5070075; PRABHUDAS LILLADHER PVT LTD, C/O. KABRA SEC, KAILASH TALKIES RD, PHALKEB KI GOTH, 

BESIDE OF BEENA AUTOMOBILES, NR. RAM MANDIR CHAURAHA, LASHKAR-474001, Tel: 0751- 4060677/6538677; RELIGARE 

SEC LTD, 1ST FLOOR, ABOVE TITAN EYE PLUS, PATANKAR BAZAR, LASHKAR-474001, Tel: +917869965503. HARIDWAR: 

PRABHUDAS LILLADHER PVT LTD, C/O SIDDHARTH FIN.CONSL. SHOP NO-14, 1ST FLR, AVDHOOT MANDAL, ASHRAM RD, 

JWALAPUR -243407, Tel: 0751- 265779/326018; RELIGARE SEC LTD, PLOT NO.13, FIRST FLOOR NEW HARIDWAR COLONY, OPP. 

ICICI BANK, HARIDWAR JWALAPUR ROAD- 249401, Tel: +919918602182. HISSAR: A K STOCKMART PVT LTD, C/O INDRAWATI 

SHARMA BLD-22-24,PUSHPA COMPLEX HISSAR 125005 HARYANA. Tel: 9812090450. HUBLI: A K STOCKMART PVT LTD, C/O 

UTTAMCHAND OSWAL ,OSWAL FUND HOUSEU, NEAR KARNATAKA BANK, NEW COTTON MARKET, HUBLI-580029. Tel: 

9243281200. HYDERABAD: A K STOCKMART PVT LTD, Office No 1, 2 nd Floor, M.C.H Premises No : 6-3-249/6,Alcazar Plaza & Towers , 



Road No. 1, Banjara Hills, ,Hyderabad – 500034 TEL: 040 66759862. ASSET ALLIANCE SEC PVT LTD, G-1, HIG – 56, SINDHU ENCLAVE, 

KPHB COLONY, WATER TANK ROAD-500072, Tel: 040–64571496,09247883503; CENTRUM WEALTH MANAGEMENT LTD, 6-3-1111/ 

311, BABUKHAN MALL, SOMAJIGUDA-500016, Tel: 7702600014; IDBI CAPITAL MARKET SERVICES LTD, C/O IDBI LTD., 3RD 

FLOOR, IDBI HOUSE, D. NO. 5-9-89/1 & 2, CHAPEL ROAD, P. B. NO. 370,-500001, Tel: 040-66747540/41/42/ 43/ 44/ 9866009430; 

RELIGARE SEC LTD, 7-1-59/2 & 7-1-59/6, MANDHANA TOWERS, ADJ TO HOTEL ATHIDI INN,OPP. INDIAN BANK AMEERPET- 

509325, Tel: +919393163625; RELIGARE SEC LTD, #12-13-188, 3RD FLOOR, ABOVE AP STATE COOPERATIVE BANK, STREET NO 2- 

500017, Tel: +919849135625; SHAREKHAN LTD, 7-1-22/3/1-5/C, AFZIA TOWERS, 1ST FLOOR, BEGUMPET-500016, Tel: 040 – 66827469 

70/40203544 (D); SPA SEC LTD, NO 6-3-1109/5 & 6 2ND FLOOR G S MALL SUMAJI GUDDA-500082, Tel: 9700005099; SYSTEMATIX 

SHARES AND STOCKS (I) LTD, 3-6-142/A/3, 2 ND FLOOR, OPP.HDFC BANK LTD, ABOVE GALAXY CAFÉ HIMAYAT NAGAR MAIN 

ROAD - 500029, Tel: 040-30789113,118; WAY 2 WEALTH BROKERS PVT LTD, 6-3-571/1/5 ROCK VISTA 2ND FLOOR ROCK DALE 

COMPOUND SOMAJI GUDA-500082, Tel: 040-4561239; JM FINANCIAL SERVICES PVT LTD, 9-10 UMA CHAMBERS,3RD FLOOR, 

BANJARA HILLS,-500034, Tel: 040- 6636 0009/10/12/46; NIRMAL BANG SEC PRIVATE LTD, H NO.7-1-22/8-C, 1ST FLOOR,NEAR 

GREEN LANDS FLYOVER, BEGUMPET-500016, Tel: 040-42407049/30900913 /09849029992. INDORE: A K STOCKMART PVT LTD, 

C/O HARISH AGRAWAL 206,GOLD ARCADE,3/1 NEW ALASIA, INDORE, MADHYA PRADESH-452001. Tel: 

09826062666,09406683322,0731-4002266; IDBI CAPITAL MARKET SERVICES LTD, PLOT NO. 11A/A, 1ST SCHEME NO. 54, OPP. 

SATYA SAI SCHOOL, VIJAY NAGAR, A. B. ROAD,-452010, Tel: 0731-2554229/4248070/7828835587; JM FINANCIAL SERVICES PVT 

LTD, UG-7 & 8, GROUND FLOOR, D M TOWER, 21/1, RACE COURSE ROAD,-452004, Tel: 0731-3072111/4262111. JABALPUR: RELIGARE 

SEC LTD, 1627, GR. FLOOR SHASTRI BRIDGE CHOWK NAPIER TOWN -482001, Tel: +919893030857; SHAREKHAN LTD, 2ND 

FLOOR, MANGALAM BUILDING, 103, NAPIER TOWN, SHASTRI BRIDGE ROAD,-482001, Tel: 0761-4007775/ 4017877. JAIPUR: A K 

STOCKMART PVT LTD, C/O HEM SECURITIES LTD BABITA 203 JAIPUR TOWER, M.I RD JAIPUR 302001 ,RAJASTHAN. Tel: 

9352658239; HEM SEC LTD, 203 JAIPUR TOWER M.I.ROAD-302001, SPA SEC LTD, 26 GOPAL BARI OPPSITE. VIDHAYAK PURI 

POLICE STATION KHASAKOTHI-302006, Tel: 9828019258. JALANDHAR: RELIGARE SEC LTD, GOBIND NIWAS, II ND FLOOR, 36, 

G.T ROAD, JALANDHAR CITY-144001, Tel: +919356091361. JAMMU: RELIGARE SEC LTD, 92 B/A, UPPER BASEMENT, GOLE MARKET, 

GANDHI NAGAR-180004, Tel:. JAMNAGAR: A K STOCKMART PVT LTD, C/O ALPESH N DATTANI ,2-A, SECOND FLOOR, AVANTIKA 

COMPLEX, LIMDA LANE, JAMNAGAR: 361001. Tel: 9825228010. Jamshedpur: A K STOCKMART PVT LTD, C/O ALOK KUMAR 

AGARWAL BINAPANI TRADE CENTRE, SF-1, 2ND FLOOR, SAKCHI, JAMSHEDPUR, 831001. Tel: 09334053272; C/O VYANA ADVISORY 

PVT LTD ABHINAV KHETTRY 76 CHITRAKOOT 7TH FLOOR 230A AJC BOSE ROAD 831001 9836333525 ABHENAV@VYANA.IN 

GARG SECURITIES PVT LTD GARG SECURITIES PVT LTD SHREE RAM AGARWAL 1 GULATI COMPLEX IN FRONT OF MILKHIRAM 

MARKET 831003 9431302001 KOLKATA A K STOCKMART PVT LTD, 1408,OM TOWERS,14 TH FLOOR,32, J L NEHRU ROAD , 

KOLKATA – 700071 033 22882644. A K STOCKMART PVT LTD, 76 CHITRAKOOT, 7TH FLOOR, 230A AJC BOSE ROAD,KOLKATA 

700020. Tel: 0657-6540 555/7739 555500 ; A K STOCKMART PVT LTD, 1, GULATI COMPLEX, IN FRONT OF MILKHIRAM MARKET. 

Tel:. JODHPUR: A K STOCKMART PVT LTD, C/O VIRENDRA MEHTA ,204, POONAMCOMPLEX,SARDARPURA,3RD ROAD 

JODHPUR 342003 RAJASTHAN. Tel: 9414145124. KAKINADA: RELIGARE SEC LTD, DOOR NO: 13-1-62, OPP: APOLLO 

HOSPITAL,MAIN ROAD, EAST GODAVARI DISTRICT-533002, Tel: +919396647073; SHAREKHAN LTD, DNO.26-1-15,16. TEMPLE 

STREET ,SAI COMPLEX-533001, Tel: 0884-6564662/6455988/6564266. KANNUR: PRABHUDAS LILLADHER PVT LTD, 1ST FLOOR, 

GRAND PLAZA, FORT ROAD-670001, Tel: 0497-2464880/881; A K STOCKMART PVT LTD, C/O SPFL SECURITIES LIMITED NEERAJ 

JAIN GROUND FLOOR, 2G KAN CHAMBER, 14/113, CIVIL LINES KANPUR UP. Tel:9335017410. KARNAL: RELIGARE SEC LTD, 

SCO-236 1ST FLOOR,SECTOR -12, PART- I URBAN ESTATE, KARNAL-132001,Tel 9996932005. KOCHI: A K STOCKMART PVT LTD 

C/O ROBINS INDIA CAPITAL MANAGEMENT PVT. LTD MANOJ 39/9917 3RD PULLATH BUSINESS CENTRE KURISHUPALLY 

ROAD RAVIPURAM 682015 080-89072350/ 09605612898 CAMANOJCA@GMAIL.COM , A K STOCKMART PVT LTD, ACCESS 

FINSERVE ACCESS FINSERVE MR. RAMESH A ,CIVIL LINE ROAD, OPP. PADIVATTOM BUST STOP, EDAPALLY P.O. KOCHI, 

KERALA- 682024. Tel:04844041113,09287280473; A K STOCKMART PVT LTD, C/O MR. SANGEETH KUMAR K S CC27/ 

3005,GIRINAGAR CLUB ROAD,GIRINAGAR, KADAVANTHARA ,KOCHI- 682 020. Tel: 04846406407,08943333601. KOLHAPUR: 

RELIGARE SEC LTD, C-3, FIRST FLOOR, ROYAL PRESTIGE, 1127, E WARD, SYKES EXTENSION-416008, Tel: +919561081880; 

SHAREKHAN LTD, OFFICE NO 5,3RD FLOOR, AYODHA TOWER, BLDG NO 1,511/KH -1/2, E-WARD, DABHOLKAR CORNER, 

STATION ROAD-416001, Tel: 0231 6687063 -69/76. KOLKATA: BONANZA PORTFOLIO LTD, 6TH FLOOR, 16A , BRABOURNE ROAD- 

700001, Tel: 9007760004; EASTERN FINANCIERS LTD, 14, INDIA EXCHANGE PLACE, ALLAHABAD BANK BUILDING, 2ND FLOOR- 

700001, EMKAY GLOBAL FINANCIAL SERVICES LTD, 4 R N MUKHERJEE ROAD 1ST FLOOR-700001, Tel: 9833522839; JM FINANCIAL 

SERVICES PVT LTD, KANKARIA ESTATE, 8TH FLR,6TH LITTLE RUSSELL STREET,-700071, Tel: 033-3987 0330; MICROSEC CAPITAL 

LTD, 1ST FLOOR, SHIVAM CHAMBERS 53, SYED AMIR ALI AVENUE-700019, MOTILAL OSWAL SEC LTD, 3RD FLOOR CONSTANTIA 

BLDG 11 DR U N BRAHMACHARI STREET 700017. Tel: 9830665717; NIRMAL BANG SEC PRIVATE LTD, AC MARKET COMPLEX,8TH 

FLOOR, 1 SHAKESPEARE SARANI,-700071, Tel: 033-30584292/93/30584288 /9830160707; PRABHUDAS LILLADHER PVT LTD, SHOP 

NO.304,306 & 308, 3RD FLOOR, LORDS. 7/1, LORDS SINHA ROAD-700071, Tel: 033-40200204; RELIGARE SEC LTD, 1, INDIA EXCHANGE 

PLACE BESIDE KOLKATA STOCK EXCHANGE IST FLOOR-700001, RELIGARE SEC LTD, AA-50, GROUND FLOOR, SECTOR – I, 

SALT LAKE CITY-700064, RELIGARE SEC LTD, 400/1A, PRINCE ANWAR SHAH ROAD 4TH FLOOR, OPP SOUTH CITY MALL- 

700045, SHAREKHAN LTD, KANKARIA ESTATE,1ST FLOOR, 6-LITTLE RUSSELL STREET,-700071, Tel: 033 - 22830055/ 22805555; 

SHREE BAHUBALI INTERNATIONAL LTD, 12 INDIA EXCHANGE PLACE JUTE HOUSE 3RD FLOOR-700001, SKP SEC LTD, LEVEL 

21, CHATTERJEE INTERNATIONAL CENTRE, 33A,J.L.NEHRU ROAD-700070, SPA SEC LTD, DIAMOND CHAMBERS ROOM NO-8- 

44 



0 8TH FLOOR 4 COWRINGHEE LANE-700016, Tel: 9831563633; EUREKA STOCK & SHARE BROKING SERVICES LTD., B 5/E,GILLANDER 

HOUSE, 8,N.S.ROAD, -700001, Tel:. KOTA: RELIGARE SEC LTD, D-8, 2ND FLOOR, UNIT NO 104 - 105 & 114 - 115, SRIRAM COMPLEX 

, OPP MULTIPURPOSE SCHOOL, GUMANPURA-324007, Tel: +919799919309; SYSTEMATIX SHARES AND STOCKS (INDIA) LTD, 

1ST FLOOR, 18 SINDHI COLONY RAWATH BHATA BUS STAND ROAD GUMANPURA-324007, Tel: 0744- 2505255,56. KURNOOL: 

RELIGARE SEC LTD, D.N.18-56/57, 1ST FLOOR, PAVAN COMPLEX, NEHRU ROAD-518001, Tel:. LCUKNOW: MASTER CAPITAL 

SERVICES LTD, 602, 6TH FLOOR, RATAN SQUARE 20-A VIDHAN SABHA MARG-226001, Tel: 9839994447; IDBI CAPITAL 

MARKET SERVICES LTD, 1ST FLOOR, HALWASIYA HOUSE, 11 M. G. MARG,HAZRATGANJ-226001, Tel: 0522-325 0987/325 1019/ 

3250969/9336236692; RELIGARE SEC LTD, GROUND FLOOR, RIZ BUILDING, 5 PARK ROAD-226001, Tel: +919839900455; SPA SEC 

LTD, S-209 A 2ND FLOOR, SKY HI CHAMBER, 11/05 PARK ROAD-226001, Tel: 9235667780; SYSTEMATIX SHARES AND STOCKS 

(INDIA) LTD, 1ST FLR INDRA KARAN PLAZA 12-B N GHAI LANE 120/1LAL BAGH ROAD., LUCKNOW-226001, Tel: 0542-,2615615. 

LUDHIANA: MASTER CAPITAL SERVICES LTD, MASTER CHAMBERS, 19, FEROZE GANDHI MARK ET-141001, Tel: 9646436577; 

NIRMAL BANG SEC PRIVATE LTD, OFFICE NO.301 & 302,SCO NO.15, SCAN PLAZA,FEROZE GANDHI MARG-141001, Tel: 0161- 

4020000 /9814026174; RELIGARE SEC LTD, S.C.O. 16-17, 4TH FLOOR, FEROZE GANDHI MARKET-141001, Tel: 9872499727. MADURAI: 

A K STOCKMART PVT LTD, C/O EASY INVESTMENTS ,46/1, 1ST FLOOR, MAIN ROAD, KK NAGAR,MADURAI - 625020. Tel: 

09944193339,9366696000. MANDYA: A K STOCKMART PVT LTD, SHRI SAINIK FINANCIAL SOLUTION ,IST FLOOR, M LINGAIAH 

BUILDING,MANDYA – 571401, (KARNATAKA). Tel: -9448464388. MANGALORE: A K STOCKMART PVT LTD, C/O ARUNANJALI 

SECURITIES NORBERT SHENOY, URWA CHURCH SCHOOL COMPLEX, 1ST FLOOR, LADYHILL, KULOOR FERRY ROAD URWA, 

MANGALORE-575006. Tel: 9686929141/9880100798; IFCI FINANCIAL SERVICES LTD, JANAVI PLAZA, NO.103 FIRST FLOOR, KUDMUL 

RANGA RAO ROAD, NR. BUNTS HOSTEL CIRCLE KARANGALPADY, MANGALORE-575 003. Tel: 7760812009. MAZAFFARPUR: 

RELIGARE SEC LTD, 01ST FLOOR, ANKIT COMPLEX, NR. GARIB ASTHAN MANDIR-842001, Tel: +919570095400. MEERUT: 

RELIGARE SEC LTD, 213, 214, 214-A, 2ND FLOOR GANGA PLAZA, BEGUM BRIDGE ROAD-250002, Tel: +919927089281; SPA SEC 

LTD, J-260, 2ND FLOOR ABU PLAZA ABU LANE MEERUT- 250001, Tel: 9045100001. MEHSANA: RELIGARE SEC LTD, OFFICE NO 

F-33, 1ST FLOOR, WIDE ANGLE, NR. KHARI BRIDGE, AHMEDABAD- MEHSANA HIGHWAY-384002, Tel: +919898289850. MUMBAI: 

A K STOCKMART PVT LTD, 30-39, FREE PRESS HOUSE, 4 TH FLOOR, FREE PRESS JOURNAL MARGE, NARIMAN POINT MUMBAI 

400021, ANAND RATHI SHARES & STOCK BROKERS LTD, 4 TH FLOOR , SILVER METROPOLIS, JAICOACH COMPOUND OPPOSITE 

BIMBISAR NAGAR, GOREGAON(EAST)-400063, Tel: 022-40013954; ASIT C MEHTA INVESTMENT INTERRMEDIATES LTD, 

NUCLEUS HOUSE SAKI VIHAR ROAD ANDHERI (E) -400072, Tel: 022-28583333; ASSET ALLIANCE SEC PVT LTD, LATIN 

MANHARLAL SEC 903 9TH FLOOR P J TOWER BSE BUILDING DALAL STREET FORT-400001, Tel: 022-66101182, 9820529866; 

BONANZA PORTFOLIO LTD, DELTA HOUSE, J1, CAMA INDUSTRIAL ESTATE, GOREGOAN(E)-400063, Tel: 9820593730; CENTRUM 

WEALTH MANAGEMENT LTD, CENTRUM HOUSE 6TH LEVEL CST ROAD VIDYA NAGARI MARG, KALINA SANTACRUZ (E)- 

400098, Tel: 9821501179, 22-42159000,42159465; DALAL & BROACHA STOCK BROKING PVT LTD, 21 OLYMPUS BLDG 2ND FLOOR 

179/81 PERIN NARIMAN STREET BAZARGATE FORT-400001, Tel: 43325727; EDELWEISS BROKING LTD, 104, P J TOWER, BSE 

BULIDING, FORT-400001, Tel: 022-67471345/42; EMKAY GLOBAL FINANCIAL SERVICES LTD, C 06 PARAGON CENTRE PANDURANG 

BUDHKAR MARG WORLI-400013, Tel: 9833522839, 9869636507; HDFC SEC LTD, I THINK TECHNO CAMPUS BLDG 8 ALPHA 

OFFICE FLR NO 8 NR KANJURMARG STN OPP CROMPTON GREAVES KANJURMARG EAST-400042, Tel: 022-30753440; HEM SEC 

LTD, 14/15 KHATAU BUILDING 1ST FLOOR 44 BANK STREET FORT-400023, IFCI FINANCIAL SERVICES LTD, EARNEST HOUSE, 

7TH & 9TH FLOOR NARIMAN POINT-400021, Tel: 022- 43335111; INTEGRATED ENTERPRISES INDIA LTD, 15,1ST FLOOR,MODERN 

HOUSE DR.V.B. GANDHI MARG FORT-400023, JM FINANCIAL SERVICES PVT LTD, PALM COURT, M- WING, 4TH FLOOR, 

GOREGAON LINK ROAD,MALAD WEST-400064, Tel: 022-30877000/67617000; MEHTA EQUITIES LTD, 612, ARUN CHAMBERS, 

TARDEO ROAD-400034, MOTILAL OSWAL SEC LTD, MOTILAL OSWAL TOWER”, 6TH FLOOR, JUNCTION OF GOKHALE & 

SAYANI ROAD BEHIND PAREL ST DEPOT, PRABHADEVI-400025, Tel: 9167364912; PRABHUDAS LILLADHER PVT LTD, SADHANA 

HOUSE, 3 RD FLOOR, 570, P. B. MARG, BEHIND MAHINDRA TOWER, WORLI-400018, Tel: 022-66322222/91; PRABHUDAS LILLADHER 

PVT LTD, A-102 KRISHNA NAGRI CO-OP HSG SOC, OPP.SONY MONY, S.V.ROAD, BORIVALI (W)-400092, Tel: 022-28617527/28; 

PRABHUDAS LILLADHER PVT LTD, 7/10, RUNWAL COMMERCIAL COMPLEX, L.B.S MARG, MULUND (WEST)-400080, Tel: 022- 

67654951/52; PRABHUDAS LILLADHER PVT LTD, 428/29, KAILASH PLAZA, 4TH FLOOR, OPP. ODEAN CINEMA, GHATKOPAR 

(EAST)-400075, Tel: 022-251515001 /001; RELIANCE SEC LTD, 11TH FLOOR R TECH IT PARK WESTERN EXPRESS HIGHWAY 

GOREGAON EAST-400063, Tel: 9323672199; RELIANCE SEC LTD, A WING, OFFICE NO-401/402 VICTORY PARK, CHANDRAWARKAR 

ROAD , BORIVALI(W)-400092, Tel: 32095882; RELIGARE SEC LTD, 301/302, VIRAJ TOWER, GUNDAVALI, WESTERN EXPRESS HIGHWAY, 

NEAR LANDMARK BUILDING, ANDHERI (EAST)-400093, SHAREKHAN LTD, 10TH FLOOR, BETA BUILDING,LODHA ITHINK 

TECHNO CAMPUS,OPP. KANJURMARG RAILWAYSTATION,KANJURMARG (EAST) -400042, Tel: 6116 9179; SHAREKHAN LTD, 

1ST FLOOR, HAMAM HOUSE, HAMAM STREET, FORT-400023, Tel: 022- 6610 5600 - 15 ; SPA SEC LTD, PLOT NO 629 NAYA SAGAR 

COPRATIVE HOUSING SOCIETY SANT DYA NAESHWAR MARG KALA NAGAR BANDRA-400051, Tel: 9892219534; STANDARD 

CHARTERD SECURITES (INDIA) LTD, STANDARD CHARTERED SEC (INDIA) LTD 1ST FLOOR, STANDARD CHARTERED TOWER, 

201B/1 WESTERN EXPRESS HIGHWAY, GOREGAON (EAST)-400063, Tel: 022- 67559626; SUNIDHI SEC & FINANCE LTD, 31, TAMARIND 

LANE, NEAR BOMBAY HOUSE, FORT-400001, Tel: 022-66689071/ 66689072; SYSTEMATIX SHARES AND STOCKS (INDIA) LTD, 3RD 

FLOOR J K SOMANI BLDG BRITISH HOTEL LANE MUMBAI SAMACHAR MARG FORT-400001, Tel: 022- 

30298000,66198000,9323144250,9867690499; WAY 2 WEALTH BROKERS PVT LTD, HINCON HOUSE, 24/7 PARK TOWER B 3RD 

FLOOR LBS MARG VIKROLI (W)-400083, Tel: 022-61462900; JM FINANCIAL SERVICES PVT LTD, 2,3,4 KAMANWALA CHAMBERS,P 



M ROAD, FORT,-400001, Tel: 022-2266 5577 - 80, 6633 3030/3021 3500; JM FINANCIAL SERVICES PVT LTD, 1ST FLOOR, NEW 

PUSHPANJALI II, JAMBLI GALLI, (FACTORY LANE) , OPP CHINTAMANI JEWELLERS, BORIVALI (WEST), MUMBAI-400 092.. Tel: 

022- 6695 9120 - 23/3021 5400; JM FINANCIAL SERVICES PVT LTD, 424/425 KALIDAS PLAZA, V B LANE,GHATKOPAR EAST,-400075, 

Tel: 022-6710 4738/3097 8700. MUZAFFAR NAGAR: A K STOCKMART PVT LTD, C/O MANI KANTA JAIN ,15-D,VAKIL ROAD,NEW 

MANDI,MUZAFFARNAGAR,UTTAR PRADESH-251001. Tel: 9837464013. MYSORE: A K STOCKMART PVT LTD, C/O MONEYLINE 

SANJAG J OFFICE NO 2, 1ST FLOPR, KANNADA SAHITHYA BHAVAN ROAD, VIJAYANAGAR 1ST STAGE, MYSORE 570017. Tel: 

0821-4260364/ 9986201007/09886383744. NAGPUR: A K STOCKMART PVT LTD, C- C/O OM APEX INVESTMENTS SERVICES PVT. 

LTD. G V IYER ,1,YUGDHARAM COMPLEX, CENTRAL BAZAR ROAD, RAMDAS PETH, NAGPUR-440010. Tel: 9822203500/ 

09225000000. NASHIK: EMKAY GLOBAL FINANCIAL SERVICES LTD, S - 2, SUYOJIT SANKUL SHARANPUR ROAD-422002, Tel: 

9833522839; PRABHUDAS LILLADHER PVT LTD, C/O.INVESTMENT SOLUTIONS, 3 MEGHSHEET, NEAR.DATTA MANDIR NASHIK 

ROAD-422101, Tel: 0253-2451570; PRABHUDAS LILLADHER PVT LTD, C/O MAXUS CAPITAL & FIN.SERVICE, YAYATI KOTKAR 

HOUSE, BEHIND ATHARVA MEDICAL, TILAKWADA, KULKARNI COLONY, LINK ROAD-422002, Tel: 0259 -2572224; RELIGARE 

SEC LTD, NO- 5, SUYOJIT SANKUL COMPLEX, SHARANPUR ROAD-422005, SHAREKHAN LTD, 5 SK OPEN MALL, YEOLEKAR 

MALA, NEAR BYK COLLEGE, COLLEGE ROAD- 422005, Tel: 0253 – 6610975 to 989. NAVSARI: PRABHUDAS LILLADHER PVT LTD, 

C/O KAJAL HEMAL SHAH. BESIDES JALARAM DANA CHANA, ABOVE HIRA DRESSESS, LIBRARY RD, OPP SAYAJI LIBRARY- 

396445, Tel: 02637- 240129/320054. NELLORE: RELIGARE SEC LTD, D-NO. 17-1-138, 3 RD FLOOR, TRUNK ROAD-524001, Tel: 

+919581887700. NEW DELHI: A K STOCKMART PVT LTD 609, 6 TH FLOOR, ANTRIKSH BHAWAN, 22 KASTURBA NARGE, 

CONNAUGHT PLACE, NEW DELHI 110001 TEL : 01123739628. ALANKIT ASSIGNMENTS LTD, ALANKIT HOUSE, 2E/21, 

JHANDEWALALN-110055, Tel: 9811206698; BAY SEC PRIVATE LTD, 4 FLOOR, JEEVAN VIHAR, PARLIMENT STREET-110001, Tel: 

9873300726; BAY SEC PRIVATE LTD, 4 FLOOR, JEEVAN VIHAR, PARLIMENT STREET-110001, Tel: 9873300726; BONANZA PORTFOLIO 

LTD, 4353/4C, MADAN MOHAN STREET, ANSARI ROAD, DARYAGANJ-110002, Tel: 9871282129; CENTRUM WEALTH 

MANAGEMENT LTD, 309, ASHOKA ESTATE, 24, BARAKHAMBA ROAD-110001, Tel: 09650698463; D B INTERNATIONAL STOCK 

BROKERS LTD, 402, NEW DELHI HOUSE, 27 BARAKHANBA ROAD-110001, Tel: 9312212421; DALAL & BROACHA STOCK BROKING 

PVT LTD, 18/17 WEA DAKHA HOUSE KAROL BAGH-110005, Tel: 28756444; EMKAY GLOBAL FINANCIAL SERVICES LTD, 3 E/10, 

3RD FLOOR, NAV DURGA HAWANJHANDEWALAN-110051, Tel: 9833522839; IDBI CAPITAL MARKET SERVICES LTD, C/O IDBI 

BANK LTD, 51/3 2ND FLOOR DESHBANDHU GUPTA ROAD, OPPOSITE KHALSA COLLEGE, NEW DELHI - 110005 . Tel: 9810355166; 

MASTER CAPITAL SERVICES LTD, 801, 8 TH FLOOR ARUNACHAL BUILDING 19, BARAKHAMBA ROAD-110001, Tel: 9312887435; 

MOTILAL OSWAL SEC LTD, 801-806 8TH FLOOR PRAKASH DEEP BUILDING 7 TOLSTOY BUILDING CANNOUGHT PLACE 110001. 

Tel: 9810254874; PACE STOCK BROKING SERVICES PVT LTD, A-1/291 SAFDARJUNG ENCLAVE -110029, Tel: 9818774181; PRABHUDAS 

LILLADHER PVT LTD, 3RD FLOOR, 54/D-1, RAMA ROAD, KIRTI NAGAR INDUSTRIAL AREA-110015, Tel: 011 - 42900500/503; 

RELIANCE SEC LTD, 1001, FAIZ ROAD, ABOVE FEDERAL BANK, NEAR JHANDEL WALA METRO STATION, KAROL BAGH - 

110005, Tel: 30926331; RELIGARE SEC LTD, G-36, MARINA ARCADE, CANNAUGHT PLACE -110001, S S CORPORATE SEC LTD, 

NDM-2 D BLOCK 3RD FLOOR NETAJI SUBHASH PLACE PRITAMPURA -110034, Tel: 9811409143; SHAREKHAN LTD, 39, FIRST 

FLOOR, SAMYAK TOWER, NEAR METRO PILLOR NO. 120, PUSA ROAD-110005, Tel: 011-45117000 ; SHRI PARASRAM HOLDINGS 

PVT LTD, SPH HOUSE C-8 NIMRI SHOPPING CENTRE BHARAT NAGAR -110052, Tel: 9899453453; SPA SEC LTD, 25 C BLOCK 

COMUNITEY CENTER JANAKPURI-110058, Tel: 9910493355; SYSTEMATIX SHARES AND STOCKS (INDIA) LTD, 1303, Nirmal Tower 

Building, 13th Floor, 26, Barakhamba Road, New Delhi - 110001-110001, Tel: 011- 30481213,17; VOGUE ASSOCIATES PVT LTD, 

302,VARDHMAN PLAZA TOWER H3, NETAJI SUBHAS PLACE ,PITAMPURA-110003, Tel: 9971159090; VSERVE MANAGEMENT 

PRIVATE LTD, 701, ROHIT HOUSE 3, TOLSTOY MARG CONNAUGHT PLACE-110001, Tel: 9810186081; WAY 2 WEALTH BROKERS 

PVT LTD, DCM BUILDING 1ST FLOOR 16 BARAKHAMBA ROAD-110001, Tel: 011-64644914; JM FINANCIAL SERVICES PVT LTD, 

114 HIMALYA HOUSE,23,K G MARG,- 110001, Tel: 011-4130 5000/3092 5500. NOIDA: A K STOCKMART PVT LTD, C/O SHIPRA RAI 

WEALTH DIRECT,SF-20 2ND FLOOR, ANSAL FORTUNE ARCADE,SECTOR- 18, NOIDA,UP-201301.PANAJI: RELIGARE SEC LTD, 

OFFICE NO. 4 - 5, 1ST FLOOR,MAGNUM CENTRE, OPP. DELHI DURBAR RESTAURANT, M.G. ROAD-403001, Tel: +919326626888; 

SHAREKHAN LTD, F49/F50, 1ST FLOOR, ‘B’ BLOCK, ALFRAN PLAZA, M.G. ROAD,-403001, Tel: 0832- 2421460. PATIALA: RELIGARE 

SEC LTD, S.C.F. NO. 110, CHHOTI BARADRI -147001, Tel: +919356237973. PATNA: IDBI CAPITAL MARKET SERVICES LTD, PATNA 

BRANCH OFFICE, 205, 2ND FLOOR, GRAND PLAZA, FRASER ROAD,-800001, Tel: 0612-320 0687/320 0727/9304810333; RAJIV LOCHAN 

PANDEY, 601 B, ASHIANA PLAZA,BUDH MARG-800001, Tel: 0612 – 2213117/ 3251185/9334117776; RELIGARE SEC LTD, 101, 1ST 

FLOOR, JAIPRAKASH LOKNAYAK BHAWAN, DAK BUNGALOW CROSSING-800001, Tel: +919334027610; SHAREKHAN LTD, 

ASHIANA PLAZA, 406B-407, BUDDHA MARG,- 800001, Tel: 0612-2213112-16/2207870; SPA SEC LTD, 301 A IIIRD FLOOR 

BHUWNESHWAR PLAZA NEAR MAGADH STOCK EXCHANGE-800001, Tel: 9234756087. PONDICHERRY: CENTRUM WEALTH 

MANAGEMENT LTD, HINDOCHA INVEST & FIN. SERVICES 335,1ST FLR. MISSION STREET-605001, Tel: 09092078595; RELIGARE 

SEC LTD, 496, M G ROAD-605001, Tel: +919500005784. PUNE: A K STOCKMART PVT LTD, OFFICE NO 705, 7 TH FLOOR, SOHARB 

HALL, 21, SASOON ROAD, PUNE 4111001 TEL : 02064002241. A K STOCKMART PVT LTD, C/O JANAK MERCHANT 7, M.G. ROAD, 

WONDER LANDBASEMENT , PUNE-411001, Tel: 020 – 40068695; A K STOCKMART PVT LTD, C/O VILEKHA PRADEEP DOSHI B-6, 

SWOJAS COMPLEX PARIHAR CHOWK,AUNDH, PUNE:411007. Tel: 9322310470 , 020-25890824; JM FINANCIAL SERVICES PVT LTD, 

205 BUSINESS GUILD ,OPP. KRISHNA DINING HALL,LAW COLLEGE ROAD, ERANDAWANE,-411004, Tel: 020-3987 1601 /00/ 66033720. 

RAIPUR: PRABHUDAS LILLADHER PVT LTD, C/O.KHEMKA INVESTMENT, GUDHIYARI- 492009, Tel: 0771-2524281, 2523889; 

PRABHUDAS LILLADHER PVT LTD, C/O. ARHAM SEC, 140 MAHALAKSHMI MARKET, PANDRI-492004, Tel: 0771 - 4000011/12; 

RELIGARE SEC LTD, 2ND FLOOR NAGDEV PLAZA, OPP. HOTEL SATLUJ, JAIL ROAD-492001, Tel: +919993094983; SHAREKHAN 

46 



LTD, “RIDHI HOUSE”, 27/218, NEW SHANTI NAGAR-492007, Tel: 0771- 4217777, 4281172, 4001004. RAJAHMUNDRY: RELIGARE SEC 

LTD, D.NO 46-7-31, IIND FLOOR, YOSODHAN TOWERS, OPP:RELIANCE WEB WORLD, DANAVAIPET-533102, Tel: +919346970333. 

RAJKOT: ASSET ALLIANCE SEC PVT LTD, KRISH CORNER AMIN MARG-360005, Tel: 9825677399,0281-2458120,21; JM FINANCIAL 

SERVICES PVT LTD, 202 SOLITAIRE, 2ND FLOOR, SWAMI VIVEKANAND MARG, NEAR MUNICIPAL COMMISSIONER BUNGLOW, 

RAMKRISHNA NAGAR, -360007, Tel: 0281-3984101/3984000; RELIGARE SEC LTD, OFFICE NO 313,314,315 & 316, 3RD FLOOR “SIDDHI 

VINAYAK COMPLEX” OPP. RAMKRISHNA ASHRAM, DR.YAGNIK ROAD-360001, Tel: +919898039906; SHAREKHAN LTD, 102/103, 

HEM ARCADE,,OPP VIVEKANAND STATUE,,DR YAGNIK ROAD,-360001, Tel: 0281-2482483- 85. RANCHI: PRABHUDAS LILLADHER 

PVT LTD, C/O ANANT INVESTMENTS, UNIT 202, 2ND FLOOR, GIRDHAR PLAZA, HARMU ROAD-834001, Tel: 0651 - 6453395; 

RELIGARE SEC LTD, UNIT NO. 104 & 105, FIRST FLOOR, MAHABIR TOWER, MAIN ROAD-834001, Tel: +919334043336; SHAREKHAN 

LTD, SHREE GOPAL COMPLEX, 4TH FLOOR, ROOM NO I, COURT ROAD,-834001, Tel: 0651- 2208205/2312715 . RAVIPURAM: A K 

STOCKMART PVT LTD, 39/9917, 3RD PULLATH BUSINESS CENTRE, URISHUPALLY ROAD, RAVIPURAM, COCHIN 682015. Tel: 

08089072350,09605612898. SALEM: PRABHUDAS LILLADHER PVT LTD, C/O. VIJAYA & CO. 105 & 106 1ST FLR, LIGHT HOUSE 

COMPLEX, FOUR ROAD-636009, Tel: 0427-2353588/ 3599; RELIGARE SEC LTD, FIRST FLOOR, 116, OMALUR MAIN ROAD, OPP 

TVS WORKSHOP-636007, Tel: 9940174717; SHAREKHAN LTD, SRI GANESH TOWER,561,2ND FLOOR,,SARADHA COLLEGE MAIN 

ROAD-636007, Tel: 0427-2315790. SECUNDERABAD: JM FINANCIAL SERVICES PVT LTD, 3RD FLOOR, 305 JADE ARCADE, OPP 

PARADISE HOTEL, M G ROAD, SECUNDRABAD 500 003. Tel: (040) 3982 5200; PRABHUDAS LILLADHER PVT LTD, A-66/67, 

MINERVA COMPLEX, 1ST FLOOR-500003, Tel: 040-66908796; RELIGARE SEC LTD, 315, 3RD FLOOR, BHUVANA TOWERS, S D ROAD- 

500003, Tel:. SHIMOGA: RELIGARE SEC LTD, NO.575/562/937, & 576/563/938, OPPOSITE CANARA BANK DIVISIONAL OFFICE, 

KUVEMPU ROAD-577201, Tel: +919901996941. SILIGURI: RELIGARE SEC LTD, APOLLO TOWERS, 3RD FLOOR, SEVOKE ROAD- 

734001, Tel: 9903944606; SHAREKHAN LTD, 2ND FLOOR, GANESHAYAN BUILDING,112,,SEVOKE ROAD, BESIDE SUNFLOWER 

SHOPPING MALL-734001, Tel: 0353 - 6453475 -79/2530253; PRABHUDAS LILLADHER PVT LTD, C/O.SRI GOGAJI INVESTMENTS, 

1ST FLR, ANAND MANGAL SQUARE, S.F RD DIST : DARJEELING -734005, Tel: 0353- 2500192. SOLAPUR: RELIGARE SEC LTD, SHOP 

NO.: - 05 , GROUND FLOOR, CITY PRIDE COMMERCIAL COMPLEX, ‘A’ WING, PANKHA BAWDI, NEAR OLD EMPLOYMENT 

CHOWK-413001, Tel: +919325393251. SURAT: A K STOCKMART PVT LTD, C/O BASTAWALA SECURITIES NILANG BASTAWALA 

301, CITY SQUARE BUILDING, OPP. BSNL OFFICE, AJRAMAR CHOWK,NEW RANDER ROAD,SURAT - 395009. Tel: 9825409920; A 

K STOCKMART PVT LTD, C/O CONCEPT SECURITIES PVT. LTD HEMANT ISHVERLAL DESAI 401, EMPIRE STATE BUILDING, 

NR. UDHNA DARWAJA,RING ROAD,SURAT - 395002. JM FINANCIAL SERVICES PVT LTD, 407, 4TH FLOOR, 21 CENTURY BUSINESS 

CENTRE, NEAR UDHNA CHAR RASTA, RING ROAD,-395002, Tel: 0261-3984000. SURENDRANAGAR: A K STOCKMART PVT LTD, 

C/O DAMYANTIBEN HARIVALLABHBHAI JANI 2-A, SECOND FLOOR, AVANTIKA COMPLEX, LIMDA LANE, JAMNAGAR: 

361001. Tel: 9825506111, 02752-222468. THANE: RELIGARE SEC LTD, IST FLOOR, OFFICE NO-101 A AND 101 B, CHANDRAMA CO- 

OP. HOUSING SOCIETY LTD, RAM GANESH GADKARI PARTH, RAM MARUTI CROSS ROAD, NAUPADA-400602, Tel: 

+919967660597. THANJAUUR: RELIGARE SEC LTD, ANANDHA TRADERS, 1ST FLOOR, 2A1B/2A1A, NO. 2886, SRINIVASAM 

PILLAI ROAD-613001, Tel: +919940087254. TIRUCHY: A K STOCKMART PVT LTD, C/O STOCK FOCUS FINANCIAL SERVICES P LTD 

SUBRAMANIAN GURUMURTHY NO-69, NORTH ANDAR STREET, TRICHIRAPALL-620002 . Tel: 09842451975,09842492829. TIRUPUR: 

RELIGARE SEC LTD, NO.1, 2ND FLOOR BINNY MAIN ROAD PARK ROAD -641601, Tel: +919176999351; SHAREKHAN LTD, 

POOMA COMPLEX,1ST FLOOR,,M G ROAD,-680001, Tel: 0487-2446971/72/73/74. TRICHY: RELIGARE SEC LTD, A 11, 2ND FLOOR, 

PL.A. KANAGU COMPLEX 11TH CROSS, THILLAI NAGAR-620018, SHAREKHAN LTD, F-1, ACHYUTA, 111-BHARATIDASAN 

SALAI, CANTONMENT-620001, Tel: 0431 - 4000705 /2412810. TRIVANDRUM: SHAREKHAN LTD, LAXMI BLDG.,1ST FLOOR, T.C.NO.26/ 

430, VANROSE ROAD-695039, Tel: 0471 - 6450657. TUMKUR: RELIGARE SEC LTD, NO.12& 13, SANTRUPTHI COMPLEX, 

VIVEKANANDA ROAD-572101, Tel: 9448235139. UDAIPUR: RELIGARE SEC LTD, 405-409, HG 1-20, HAJARESHWAR COLONY, 

OPP. HANUMAN TEMPLE COURT ROAD-313001, Tel: +919928014086; SHAREKHAN LTD, 405, DAULAT CHAMBERS, 

SARDARPURA-313004, Tel: 0294-2426945/6/ 329251. VADODARA: BONANZA PORTFOLIO LTD, OFFICE NO. 1, 1ST FLOOR, SHEEL 

COMMERCIAL COMPLEX, RACE COURSE RD, ELLORA PARK-390007, Tel: 02652-356339; EMKAY GLOBAL FINANCIAL SERVICES 

LTD, 201/202, TILAK COMPLEX-PRAKASH COLONY, JETALPUR ROAD-390007, Tel: 9833522839; JM FINANCIAL SERVICES PVT 

LTD, G1GROUND FLOOR, SHOHAN, 49 ALKAPURI SOCIETY, OPP. HDFC BABK, ALKAPURI,-390007, Tel: 0265-3984 300; PRABHUDAS 

LILLADHER PVT LTD, F-1, VAIKUNTH COMPLEX, 1ST FLOOR, 27 ANAND NAGAR SOCIETY, PRODUCTIVTIY ROAD, ALKAPURI- 

390005, Tel: 0265 - 2320568/ 5584774. VALSAD: RELIGARE SEC LTD, SHOP NO 209/210, 2ND FLOOR, K.B. MALL, HALAR ROAD- 

396001, Tel: +919974097405. VARANASI: A K STOCKMART PVT LTD, C/O SHRIRAM DISTRIBUTOR SANJAY KAPOOR D- 64/127,C- 

H,ARIHANT COMPLEX, NAGAR NIGAM ROAD,SIGRA,VARANASI ,UP-542001. Tel: 9336835110/ 9415000000; GIGANTIC SEC LTD, 

SHOT NO (8 & 9); LAXMI CINAMA CAMPUS; MAHMOORGANJ -221010, Tel: 9305174568 . VIJAYAWADA: SHAREKHAN LTD, 

CENTURIAN PLAZA, D. NO: 40- 1-129, 2ND FLOOR, OLD COOLEX BUILDING, M.G. ROAD-520010, Tel: 0866-6629993/2493753/ 

6641919; RELIGARE SEC LTD, 2ND FLOOR, JM- 2, 40-1-139, MOHIUDDIN ESTATE, BANDAR ROAD-520010, Tel: +919392226267. 

VISAKHAPATNAM ASSET ALLIANCE SEC PVT LTD, DOOR NO: 47-10-1/6, 1ST FLOOR , BHUVANESWARI PLAZA DWARKANAGAR- 

530016, Tel: 0891-6620301, 09848181109; EMKAY GLOBAL FINANCIAL SERVICES LTD, FLAT NO.203, FIRST FLR, D.NO.47-15-10 

VRC CMPX RAILWAY STN RD DWARAKA NGR-530016, Tel: 9833522839; SHAREKHAN LTD, 10-1-35/B, THIRD FLOOR, 

PARVATHANENI HOUSE, VALTAIR UPLANDS, CBM COMPOUNDS-530003, Tel: 0891 - 6673000/6671744; JM FINANCIAL SERVICES 

PVT LTD, DOOR NO 9-1-224/4/3,1ST FLOOR, NANDAN NIRMAN, CBM COMPOUND, NEAR RAMA TALKIES JUNCTION, -530003Tel: 

(0891) 3983 800. 



TRADING MEMBERS 

The Trading Members shall accept Application Forms only in such cities/ towns where the banking branches (escrow banks) are available. Details of such branches of the Escrow Banks where the Application Form along with the cheque/ demand draft submitted by a Non ASBA applicant shall be deposited 

by the Trading Members are available on the websites of NSE and BSE at www.nseindia.com and www.bseindia.com, respectively. 

LIST OF SELF CERTIFIED SYNDICATE BANKS (SCSBS) UNDER THE ASBA PROCESS 

Sr. 

Bank 

Branch Address 

Contact Person 

Contact Number 

Fax 

No. 

1 Axis Bank Limited 

Centralised Collections and Payment Hub (CCPH) 9th Floor, Solaris, C-Wing Opp L&T Gate No 6, 

Mr Kirit Rathod, Vice President 022-40754981/ 82/83/9820850829 022-40754996 

Saki Vihar Road, Powai, Mumbai – 400072 

2 State Bank of Hyderabad Gunfoundry, Hyderabad Sri Ashok Kulkarni 

040-23387325 

040-23387743 

3 Corporation Bank 

Capital Market Branch, Ist Floor, Earnest House, NCPA Marg, Nariman Point, Mumbai-400021 

Mr. Amod Kumar 

22841406/22842764/9870340031 022-22843823 

4 State Bank of Travencore Anakatchery Buildings, Y M C A Road, 

Statue, Thiruvananthapuram-695001 

P.P. Muraleedharan 

0471-2333676 

0471-2338134 

5 IDBI Bank Limited 

IDBI Bank Limited, Central Processing Unit, Sarju House, 3rdFloor, Plot No 7, Street No. 15, Andheri MIDC, 

Rajiv Nair / Anoop Kumar Jaiswal 022-6670 0659/66700660 022-66700669/666 

6 State Bank of Bikaner & Jaipur 

Andheri (E), Mumbai, Pin : 400093 

State Bank of Bikaner & Jaipur, P.R. Road, Jaipur -302005 

Shri Arun Paliwal 

0141-4003380/ 9413398771 0141-2365219 

7 Yes Bank 

YES Bank Limited, Tiecicon House, Second Floor, Dr. E Moses Road, Mahalaxmi, Mumbai 400 011 

Mahesh Shirali / Manoj Bisht/ 022 66229031/ 9164/9070 022-24974875 

8 Punjab National Bank 

Capital Market Services Branch, PNB House, Fort, Sir P.M.Road, Mumbai 

Shankar Vichare 

Sh. K Kumar Raja 

022- 22621122, 22621123, 022 – 22621124 

9 Deutsche Bank 

Sidrah, 110, Swami Vivekananda Road, Khar (West), Mumbai- 400052 

Mrs. Anne Narielwala 

(91) (022) 6600 9428 (91) 

Ms. Pallavi Shilvalkar (022) 6600 9419 

10 

Union Bank of India 

66/80, Mumbai Samachar Marg, Post Bag No.253 & 518, Fort, Mumbai - 400023. 

Mr. D B JAISWAR 

022-22629408 

022- 22676685 

11 

HDFC Bank Limited 

FIG – OPS Department, Lodha, I Think Techno Campus, O-3 Level, Next to Kanjurmarg Railway Station, 

Deepak Rane / Uday Dixit 022-30752928/30752927 022-25799801 

12 Bank of Baroda 

Kanjurmarg (East) Mumbai - 400 042 Maharashtra. 

Mumbai Main Office, Mumbai Samachar Marg, Fort, Mumbai 400 023. 

Mr. Sonu A. Arekar 

40468314/40468307 

022-22835236 

13 

ICICI Bank Ltd 

Capital Market Division, No. 30, Mumbai Samachar Marg, Fort, Mumbai 400 001. 

Roshan Tellis 

022-22627600 

022-22611138 

14 Vijaya Bank 

Head Office Bldg 41/2,M G Roadbangalore Karnataka State 560001 

Vittaldas Acharya 

080-25584281 

080-25584281 

15 

Bank of Maharashtra 

Fort Branch, 1stFloor, Janmangal, 45/47, Mumbai Samachar Marg, Mumbai – 23 

A D Deshpande 

022-22694160/22652595/22663947/ 022-22681296 

(Assistant General Manager) 9730000438 

16 

State Bank Of India 

Capital Market Branch (11777), Videocon Heritage Building (Klick House), Charanjit Rai Marg, Fort, Mumbai-400 001 Mr. Anil Sawant,Deputy Manager 022-22094932/9870498689 022-22094921 

17 Andhra Bank 

18, Homi Modi Street, Nanavati Mahalaya, Fort Branch, Mumbai-400023. 

Seshagiri Rao Jonnakuti 

02222026088/22047626 

18 

HSBC Limited 

3rd Floor, PCM Dept. Umang, Plot CTS No. 1406-A/28, Mindspace, Malad (West) Mumbai 400 064 

Mr Jagrut Joshi 

022-67115485/9870403732 022-66536005 

(address of IPO Operations office) 

19 Kotak Mahindra Bank Ltd Kotak Infiniti, 6th Floor, Building No. 21, Infinity Park, Off Western, Express Highway, General AK Va idya Marg,Malad (E) 

Prashant Sawant 

022-66056959/9967636316 

022-66056642 

20 

Bank of India 

Stock Exchange Branch, Phiroze Jeejeebhoy Tower, (New S tock Exchange Bldg), P. J. Tower, Dalal Street, 

Shri Navin 

Kumar Pathak, 022-22723631/1677/ 022-22721782 

Fort, Mumbai – 400 023. Senior Manager 

9619810717 

21 

CITI Bank 

Citigroup Center, Plot No C-61, Bandra-Kurla Complex, Bandra (E), Mumbai - 51 

S Girish 

022-26535504/98199 12248 

022-26535824 

22 

IndusInd Bank 

Premises No. 1, Sonawala Building 57, Mumbai Samachar Marg, Fort, Mumbai 01 

Mr. Yogesh Adke 

9833670809/022-66366589 022-66366590 

23 

Allahabad Bank 

Allahabad Bank, Fort Branch, 37, Mumbai Samachar Marg, Post Box No. 282, Mumbai, Maharashtra 400 023 

Shri S. K. Jain, Chief Manager 022-22655739/22662018 022-22661935 

24 

Karur Vysya Bank Ltd 

DEMAT CELL, SECOND FLOOR,No 29,RANGAN STREET, 

T NAGAR, CHENNAI - 600 017 

Nori Subrahmanyam 

044- 24340374 

044-24340374 

25 

The Federal Bank Limited 

ASBA CELL, Retail Business Dept., Federal Bank, Marine Drive, Ernakulam 682031 

Dhanya Dominic 

0484-2201847 

0484-2385605 

26 

Indian Bank 

Nandanam Branch- 480 Anna Salai, Nandanam 600035 

Mr. V Muthukumar / Mr. M Veerabahu 044 24330233 

044 24347755 

27 

Central Bank of India 

Ground floor, Central Bank of India, Central Bank Building, Fort, Mumbai 400001 

Mr. Vineet Bansaj 

022-22623148/22623149 022-22623150 

28 

Oriental Bank of Commerce 

67, Bombay Samachar Marg, Sonawala Building, Fort,Mumbai -400001 

Shri B.K. Palrecha 

022-22654791/95 

022-22654779 

Asstt. General Manager 

29 Standard Chartered Bank Crescenzo, 3 rd Floor, 

C/38-39, G-Block, Opp. MCA Club, Brandra-Kurla, Complex, Bandra(E), Mumbai 400 051 

Rohan Ganpule 

022-61157250 / 022-61157234 022-26757358 

30 

J P Morgan Chase Bank, N.A. 

J.P. Morgan Tower, Off C.S.T. Road, Kalina Santacruz - East, Mumbai - 400 098 

Nandita Halady 

022-6157 

3833 

022-6157 3910 

31 Nutan Nagrik Sahakari Bank Ltd. 

Opp samratheshwar mahadev, Nr, Law Garden, Ellisbbridge. 

Miti shah 

9879506795 

07926564715 

32 

UCO Bank 

Mumbai Main (Retail) Br., UCO Bank Bldg., D. N. Road, Mumbai- 400 023 

Manager 

022 40180105 

2222870754 

33 

Canara Bank 

Merchant Banking Division, 407, 4thFloor, Himalaya House, 79, Mata Ramabai Ambedkar Marg, Mumbai 400 001 

Mr. Arvind Namdev Pawar 022-22661618, 22692973, 9969670141 022-22664140 

34 

United Bank of India 

Global Cash Management Services Hub, 4th Floor, United Bank of India, United Tower, Head Office,11, 

AGM ( CMS & Demat) 03322624175/03322624176 033-22624176 

35 

Syndicate Bank 

Hemanta Basu Sarani, Kolkata – 700 001. 

Capital Market Services Br. 26A, First Floor, SyndicateBank Bldg, P.M. Road, Fort, Mumbai - 1 

P Padmavathy Sundaram, 

022-22621844 

022-22700997 

36 

South Indian Bank 

ASBA Cell (NODAL OFFICE)1st Floor, SIB Building, Market Road, Ernakulam – 682035, Kerala, India. 

Chief Manager 

John K Mechery 

9645817905 

0484-2351923 

37 

Indian Overseas Bank 

Chennai DP Branch, Mezzanine Floor, Cathedral Branch, 762, Anna Salai, Chennai 600 002 

Mr. R.S. Mani / Mr. M. Sasikumar 044-28513616/ 28513617/ 28513618 044- 28513619 

38 Tamilnad Mercantile Bank Ltd. Tamilnad Mercantile Bank Ltd.,Depository Participant Services Cell, Third Floor, Plot No.4923, Ac/16, 

2nd Avenue, 

Mr. K. Natarajan 

044-26192552 

044-26204174 

Anna Nagar (West), Chennai - 600 040, Tamilnadu, India 

39 

City Union Bank Ltd. 

48, Mahalakshmi St.,T.Nagar, Chennai - 600 017. 

Sivaraman 

044 - 24340010, 24343517, 

044 - 24348586 

24346060, 24348586, 9380286558, 

9382642081, 9380286558 

40 BNP Paribas 

French Bank Bldg., 62, Homji Street, Fort, Mumbai – 400 001 

Mr. Prem Mariwala 

022-66501376 

022 – 66501620 

41 

The Kalupur Commercial 

Kalupur Bank Bhavan, Nr. Income Tax Circle, Ashram Road, Ahmedabad-380 014 

Jay V. Pathak Manager 

079-27582028 

079-27544666 

Co-Operative Bank Ltd. 

42 

Bank of America N.A. 

EA Chambers, Express Avenue 8th Floor No. 49, 50L, Whites Road, Royapettah, Chennai 600014 

Swaminathan Ganapathy 

044-42904526 

044-43528911 

A S Sreedharan 

43 The Lakshmi Vilas Bank Ltd. 64,DR,V.B.Gandhi Marg, P.B.No.1783, Kalaghoda, Fort Mumbai, Great Mumbai District, Maharashtra-400001 

Raghu Nagarajan 

22-22672255-22672247(M)- 

22670267 

22673435(CM) 

44 

State Bank of Patiala 

CO 99-102, Sector - 8C, Chandigarh 

Shri. Amarjit Singh Girn 0172-2779116, 2546124, 2543868/ 0172-2546080 

9779586096 

45 

State Bank of Mysore 

Dalal Street, P.B.No.1066, #24/28, Cama Building, Dalal Street, Fort, Mumbai-400 001. 

Mr. Rajeshwar Das, Manager 

9022469176 

022-22656346 

46 

The Surat Peoples Co-op Bank Ltd 

Central Office.Vasudhara Bhavan, Timaliyawad, Nanpura, Surat – 395001 

Mr. Iqbal Shaikh 

0261-2464577 

0261-2464577, 592 

47 

Dhanlaxmi Bank Limited 

The Dhanlaxmi Bank Ground Floor, Janmabhoomi Bhavan, Plot 11 -12, Janmabhoomi Marg, Fort Mumbai, 

Gunavati 

karkera 

022 – 2202535 

022-22871637 

Maharashtra - 400 001 

48 The Saraswat Co-operative Bank Ltd. Madhushree, Plot No. 85, 4 th Floor, 

District Business Centre, Sector – 17, Vashi, Navi Mumbai – 400703 

Mr. A. A. Bhatia 

(O) 27884161, 27884162, 27884163, 27884153 

27884164, (M) 9820505121 

49 DBS Bank Ltd 

DBS Bank Ltd, Fort House, 221, Dr. D.N. Road, Fort, Mumbai, 400 001 

Amol Natekar 

022- 6613 1213 

022-6752 8470 

50 

Dena Bank 

Dena Bank, Capital Market Branch, 17, B, Horniman Circle, Fort, Mumbai – 23 

Branch Manager 

022-22661206, 22702881 

022-22694426/22702880 

51 

Karnataka Bank Ltd 

The Karnataka Bank Ltd, Mangalore–H O Complex Branch, Mahaveera Circle, Kankanady, Mangalore – 575002 

Ravindranath Baglodi, Sr. Manager 0824-2228139/140/141 0824-2228138 

52 

TThe Ahmedabad Mercantile Co-Op. Bank Ltd. Head office :-”Amco House”, Nr. Stadium Circle, Navrangpura, Ahmedabad-09 

Bimal P Chokshi 

079-26426582-84-88 

079-26564863 

53 ING Vysya Bank 

No.69, Ramaiah Complex Roopena Agrahara,Hosur Road, Bangalore - 560068 

Yoganand J 

25005000 

For further details, Please see the List of Self Certified Syndicate Banks (SCSBs) under the ASBA Process at http://www.sebi.gov.in/sebiweb/home/list/5/33/0/0/Recognised-Intermediaries 

48 


APPLICANT'S UNDERTAKING 

I/We hereby agree and confirm that: 

1. I/We have read, understood and agreed to the contents and terms and conditions of DREDGING CORPORATION OF INDIA LIMITED Prospectus dated March 05, 2013 (“Prospectus”) 

2. I/We hereby apply for allotment of the Bonds to me/us and the amount payable on application is remitted herewith. 

3. I/We hereby agree to accept the Bonds applied for or such lesser number as may be allotted to me/us in accordance with the contents of the Prospectus subject to applicable statutory and/or regulatory requirements. 

4. I/We irrevocably give my/our authority and consent to GDA Trusteeship Limited, to act as my/our trustees and for doing such acts as are necessary to carry out their duties in such capacity. 

5. I am/We are Indian National(s) resident in India and I am/ we are not applying for the said Bonds as nominee(s) of any person resident outside India and/or Foreign National(s). 

6. The application made by me/us do not exceed the investment limit on the maximum number of Bonds which may be held by me/us under applicable statutory and/or regulatory requirements. 

7. In making my/our investment decision I/We have relied on my/our own examination of the company and the terms of the issue, including the merits and risks involved and my/our decision to make this application is solely based on disclosures 

contained in the Prospectus. 

8. I/We have obtained the necessary statutory and/or regulatory permissions/approvals for applying for, subscribing to, and seeking allotment of the Bonds applied for. 

9. Additional Undertaking, in case of ASBA Applicants: 

1) I/We hereby undertake that I/We am/are an ASBA Applicant(s) as per applicable provisions of the SEBI Regulations; 2) In accordance with ASBA process provided in the SEBI Regulations and disclosed in the Prospectus, I/We authorize 

(a) the Lead Managers/ Consortium Members/ Sub-Consortium Members / Brokers/Sub Brokers/Trading Members (in Specified cities only) or the SCSBs, as the case may be, to do all acts as are necessary to make the Application in 

the Issue, including uploading my/our application, blocking or unblocking of funds in the bank account maintained with the SCSB as specified in the Application Form, transfer of funds to the Public Issue Account on receipt of instruction 

from the Registrar to the Issue, after finalization of Basis of Allotment; and (b) the Registrar to the Issue to issue instruction to the SCSBs to unblock the funds in the specified bank account upon finalization of the Basis of Allotment. 

3) In case the amount available in the specified Bank Account is insufficient as per the Application, the SCSB shall reject the Application. 

10. Additional Undertaking in case the Applicant wishes to hold the Bonds in physical form: 

1. In terms of Section (8)(1) of the Depositories Act, 1996, I/we wish to hold the Bonds in physical form. 

2. I/We confirm that the Information provided in this form is true and correct and I/We enclose herewith self attested copies of the KYC Documents. 

3. I/We confirm that we do not hold any Demat Account. 

ISSUE RELATED INFORMATION FOR FILLING THE APPLICATION FORM 

KYC Documents: (To be submitted only for holding Bonds in Physical Form) 

Self-attested copies of the following documents are required to be submitted by the Applicants as KYC Documents: 

1. PAN card; 

2. Proof of identification in case of Applications by or on behalf of the Central or State Government and the officials appointed by the courts and by Applicants residing in the State of Sikkim. Any of the following documents shall be considered 

as a verifiable proof of identification: l valid passport issued by the GoI; or l voter’s identity card issued by the GoI; or l valid driving license issued by any transport authority of the Republic of India; or l Government ID card; or l Defence 

ID card; or l ration card issued by the GoI; 

3. Proof of residence: Any of the following documents shall be considered as a verifiable proof of residence: l ration card issued by the GoI;or l valid driving license issued by any transport authority of the Republic of India; or l electricity 

bill (not older than three months); or l landline telephone bill (not older than three months); or l valid passport issued by the GoI; or l voter’s identity card issued by the GoI; or l passbook or latest bank statement issued by a bank operating 

in India; or l registered leave and license agreement or agreement for sale or rent agreement or flat maintenance bill; or l Aadhaar Letter issued by Unique Identification Authority of India (UIDAI). 

4. Self-attested copy of a cancelled cheque of the bank account to which the amounts pertaining to payment of refunds, interest and redemption, as applicable, should be credited 

Investor Categories: 

Category-I (Qualified Institutional Buyers) (“QIBs”) 

Sub Category Code Category-II (Domestic Corporates ) 

Sub Category Code 

Public financial institutions specified in Section 4A of the Companies Act, 1956 11 Companies within the meaning of section 3 of the Companies Act and bodies 21 

Scheduled commercial banks 12 corporate registered under the applicable laws in India and authorised to invest 

Provident funds with a minimum corpus of ` 250 million 13 

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 

Pension funds with a minimum corpus of ` 250 million 14 

Category-III (High Networth Individuals) (“HNIs”) 

Insurance companies registered with the Insurance Regulatory and Development Authority 15 

The following investors applying for an amount aggregating to more 

The National Investment Fund set up by resolution F. No. 2/3/2005-DD-II dated 

than ` 1 million across all Series of Bonds in the Issue 

November 23, 2005 of the GoI, published in the Gazette of India 16 

l Resident Individual Investors 31 

Mutual funds registered with SEBI 17 

l Hindu Undivided Families applying through the Karta 32 

Domestic Alternative Investment Fund registered with SEBI 18 Category-IV (Retail Individual Investors) (“RIIs”) 

Multilateral and bilateral development financial institutions 19 The following investors applying for an amount aggregating up to and including 

State industrial development corporations 20 ` 1 million across all Series of Bonds in the Issue 

Insurance funds set up and managed by the army, navy, or air force of the Union of India 55 l Resident Individual Investors 41 

Insurance funds set up and managed by the Department of Posts, India 56 l Hindu Undivided Families applying through the Karta 42 

ISSUE STRUCTURE: 

Options/Series of Bonds 

Series 1 Bonds 

Tenor 

10 (ten) years 

Minimum Application 

5 Bonds and in multiples of one Bond thereafter. The Bonds are being issued at par and the full amount of the face value per Bond is payable on 

application. 

In multiples of 

One Bond 

Face Value (`) / Issue Price (`/Bond) ` 1,000 

Maturity / Redemption Date 

10 (ten) years from the Deemed Date of Allotment 

Redemption Amount (`/ Bond) 

Repayment of the Face Value plus any interest that may have accrued at the Redemption Date 

Coupon Type 

Fixed Coupon Rate 

Coupon Payment Date 

The date, which is the day falling one year from the Deemed Date of Allotment, in case of the first coupon payment and the same date every year, 

until the Redemption Date for subsequent interest payments. 

Frequency of Coupon Payment 

Annual 

Coupon Rate (%) p.a. for Category I, II, III and IV 6.97% 

Additional Coupon Rate (%) for Category IV* 0.50% 

Aggregate Coupon Rate (%) for Category IV 7.47% 

Annualized Yield (%) for Category I, II and III 6.97% 

Annualized Yield (%) for Category IV* 7.47% 

Modes of Payment/Settlement Mode 

1. Direct Credit; 2. National Electronic Clearing System (“NECS”); 3. Real Time Gross Settlement (“RTGS”); 4. National Electronic Fund Transfer 

(“NEFT”); and 5. Registered/Speed PostFor more information, see “Terms of the Issue – Manner & Modes of Payment” on page 120 of the prospectus. 

Put/Call Option 

There is no put/call option for the Bonds 

Nature of Indebtedness and Ranking/ Seniority The claims of the Bondholders shall be superior to the claims of any unsecured creditors of the Company and subject to applicable statutory and/ 

or regulatory requirements, rank pari passu inter se to the claims of other creditors of the Company having the same security. 

Security 

For details in connection with security created in favour of Debenture Trustee, please see “Terms of Issue - Security” on page 113 of the 

Prospectus. 

* In case the Bonds held by the original Allottees under Category IV Portion are sold/transferred (except in case of transfer of Bonds to legal heirs in the event of death of the original Allottee), the coupon 

rate shall stand revised to the coupon rate applicable for Allottees falling under Category I, II and III Portions. 

** For various modes of payment, please refer page no. 27 of this Abridged Prospectus 

a) For Basis of Allotment details, please refer page no. 24 of this Abridged Prospectus. b) For Grounds for Technical Rejection. Please refer point no.40 on page no. 19 of this Abridged Prospectus. 

l In case of queries related to allotment/ credit of Allotted Bond/Refund, the Applicants 

should contact Registrar to the Issue. 

• In case of ASBA Application submitted to the SCSBs, the Applicants should contact the 

relevant SCSB. 

• In case of queries related to upload of ASBA Aapplications submitted to the Lead 

Manager’s/Consortium/Sub-Consortium Member’s/Brokers/Sub Brokers/Trading Member 

should contact the relevant Lead Managers/Consortium /Sub-Consortium Member’s/ 

Brokers/Sub Brokers/Trading Member. 

2 


TEAR HERE 

COMPANY CONTACT DETAILS 


(A GOVERNMENT OF INDIA ENTERPRISE) 

Registered Office: Core-2,1st Floor, 'Scope Minar', Plot No.2A 

& 2B, Laxmi Nagar Dist. Centre, Delhi-110091, India Tel. No.: 

+91 011 2244 8528; Fax: +91 011 2244 8527; Website: 

www.dredge-india.com; Compliance Officer and Contact 

Person: Mr. K. Aswini Sreekanth; Tel. No.: +91 0891 2566537/ 

2871298; Fax: +91 0891 2529846; E-mail: 

sreekanth@dci.gov.in 

REGISTRAR CONTACT DETAILS 

Karvy Computershare Private Limited 

Plot No. 17 to 24, Vittal Rao Nagar, Madhapur, Hyderabad- 500081. 

Tel: +91 40 4465 5000; Fax: +91 40 2343 1551; Email: 

dci.ncdipo@karvy.com; Website: http:\\karisma.karvy.com; Investor 

Grievance Email: dci.bonds@karvy.com; Contact Person: Mr. M 

Muralikrishna; Compliance Officer: Mr. P A Varghese; SEBI 

Registration No.: INR000000221

DCI-APPLICATION FORM-RESIDENT.pmd - Finapolis

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