SREI Infrastructure Finance Limited Long Term Infrastucture Bonds-Tranche 1 2012 Details

Issue Opening: Date Saturday, December 31, 2011

Issue Closing Date: Tuesday, January 31, 2012, or with an option to close earlier and/or extend upto a period as may be determined by the Board.

Deemed Date of Allotment: Deemed date of allotment shall be the date as decided by the duly authorised committee of the Board constituted by resolution of the Board.
Issue Size Rs. 300 Crores to be issued at par on the terms contained in the Shelf Prospectus and Prospectus - Tranche 1.

Instrument: Public Issue of long term infrastructure bonds Tranche 1.
Rating-CARE “CARE AA (Double A) “

Lead Managers: ICICI Sec Ltd, Karvy Investor Ser Ltd, RR Investors Cap Ser Pvt Ltd and SREI Cap Mkts Ltd.

Co-Lead Managers: SMC Capitals Limited and Bajaj Capital Limited.

Lead Brokers to the Issue: Kotak Securities Limited is one of the Lead Brokers.
Trustee Axis Trustee Services Limited

Registrar: Link Intime India Private Limited

Interest on Application Money @ 5% p.a. on application money on the amount allotted, three days from the date of receipt of the Application Form, or the date of realization of the Application Money, whichever is later, up to one day prior to the Deemed Date of Allotment, subject to deductions under the provisions of the Income Tax Act or any other statutory modification or re-enactment thereof, as applicable.

Interest on Application Money which is liable to be refunded: No interest shall be paid on the Application money refunded.

Allocation will be on First come first basis up to the Tranche 1 Issue Closing Date, regardless of the Series of Tranche 1 Bonds applied for.

Cheque / DD should be drawn in favour of “SIFL –Infra Bonds 2012 – Tranche 1” by all applicants. It should be crossed “A/c Payee only”

Please write the sole/ first applicants name, phone no. and application no on the reverse of Chq/DD.

Collection Bankers to the Issue:

AXIS Bank Ltd, DBS Bank Ltd, Dhanlaxmi Bank, HDFC Bank, ICICI Bank, Punjab National Bank and YES Bank Ltd.

THE TRANCHE 1 BONDS ARE CLASSIFIED AS “LONG TERM INFRASTRUCTURE BONDS” IN TERMS OF SECTION 80CCF OF THE INCOME TAX ACT AND THE NOTIFICATION. IN ACCORDANCE WITH SECTION 80CCF OF THE INCOME TAX ACT, THE AMOUNT, NOT EXCEEDING Rs.20,000 PER ANNUM, PAID OR DEPOSITED AS SUBSCRIPTION TO LONG TERM INFRASTRUCTURE BONDS DURING THE PREVIOUS YEAR RELEVANT TO THE ASSESSMENT YEAR BEGINNING APRIL 01, 2012 SHALL BE DEDUCTED IN COMPUTING THE TAXABLE INCOME OF A RESIDENT INDIVIDUAL OR HUF. IN THE EVENT THAT ANY APPLICANT APPLIES FOR THE BONDS IN EXCESS OF Rs.20,000 PER ANNUM, (INCLUDING LONG TERM INFRASTRUCTURE BONDS ISSUED BY ANY OTHER ELIGIBLE ENTITY), THE AFORESTATED TAX BENEFIT SHALL BE AVAILABLE TO SUCH APPLICANT ONLY TO THE EXTENT OF Rs.20,000 PER ANNUM.

Please note that non-resident investors including NRIs, FIIs and erstwhile OCBs are not eligible to participate in the Issue.

Investors will be having an option to hold the Bonds in physical form (KYC Documents are mandatory) or demat form.

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd