NATIONAL STOCK EXCHANGE OF INDIA LIMITED DEPARTMENT : IPO MARKET SEGMENT Download Ref No : NSE/CMTR/25986

Date : February 26, 2014

Circular Ref. No : 6 / 2014 All Members, Public Issue of Tax Free secured redeemable non convertible bonds by M/s Indian Railway Finance Corporation Limited M/s. Indian Railway Finance Corporation Limited has approached the Exchange for usage of online bidding platform for the public Issue of Tax Free, secured, redeemable, non-convertible bonds. The security parameters, details of the live session are given below: Live Bidding Details Issue Period 28-Feb-2014 to 07-Mar-2014 Post issue Modification Period 08-Mar-2014 Market timings 10.00 a.m. to 5.00 p.m Live URL for Members :http://www.nseindiaipo.com/eipo/guimr/index.html Live URL for Banks : http://www.nseindiaipo.com/eipo/gui/index.html E-forms Link : http://www.nseindiaipo.com/issueforms/html/index.html

Regd. Office: Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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Parameters Security Name Symbol Series

Issue Size Security Type Issue Price Face Value Market Lot Minimum Application

Indian Railway Finance Corporation Limited IRFC214 S1 - 8.19 % 10 years, for Category I, II & III S2 - 8.63 % 15 years, for Category I, II & III S3 - 8.44 % 10 years, for Category IV S4 - 8.88 % 15 years, for Category IV ` 1,50,000 Lakhs with an option to retain oversubscription up to Rs. 1,41,687.85 Lakhs aggregating to ` 2,91,687.85 Lakhs. Tax Free Secured Redeemable Non-Convertible Bonds ` 1,000 each Bond ` 1,000 each Bond 1 (one) Bond 5 (five) Bonds (` 5,000) either taken individually or collectively across all series of Bonds

Application number, series and Quantity will not be permitted to be modified during the bidding period.

Sr. No. 1 2 3 4

Main Category Category I Category II Category III Category IV

Minimum Application Value ` 5,000 across all Series taken individually or collectively ` 5,000 across all Series taken individually or collectively More than ` 10,00,000 ` 5,000 across all Series taken individually or collectively

Maximum Application Value ` 2,916.87 Crores ` 2,916.87 Crores ` 2,916.87 Crores `10 lakhs, across all Series taken individually or collectively

Regd. Office: Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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The category of the investors who will be participating for placing in the book-building process is defined and is as follows: Sub category code

Sr.No

Category

1 1(a)

Category I (Qualified Institutional Buyers) (“QIBs”) Resident Public Financial Institutions Indian Alternative Investment Funds, subject to investment conditions applicable to them under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 Scheduled commercial banks Indian Mutual funds registered with SEBI State industrial development corporations Insurance companies registered with the IRDA Indian Provident funds with minimum corpus of ` 25 crores Indian Pension funds with minimum corpus of ` 25 crores National Investment Fund set up by resolution no. F. No. 2/3/2005DDII dated November 23, 2005 of the Government of India published in the Gazette of India Insurance funds set up and managed by the army, navy or air force of the Union of India Insurance funds set up and managed by the Department of Posts, India Multilateral and bilateral development financial institutions

1(b) 1(c) 1(d) 1(e) 1(f) 1(g) 1(h) 1(i) 1(j) 1(k) 1(l) 1(m)

1(n) 1(o) 2 2(a) 2(b) 2(c) 2(d) 2(e) 2(f) 2(g) 2(h) 2(i) 2(j)

Foreign Portfolio Investors (other than Category III FPIs) including Sovereign Wealth Funds, Pension and Gratuity Funds registered with SEBI as Foreign Portfolio Investors Alternative Investment Funds, subject to investment conditions applicable to them under the Securities and Exchange Board of India (Alternative Investment Funds) Regulations, 2012 as amended Others Category II ( Corporates ) Companies within the meaning of sub-section 20 of Section 2 of the Companies Act, 2013 Limited liability partnership Societies registered under the applicable law in India and authorised to invest in Bonds Statutory bodies/corporations Trusts including Public/ private/ charitable/religious trusts Partnership firms Association of Persons Co-operative banks Regional Rural Banks Any other legal entities authorised to invest in the Bonds, subject to compliance with the relevant regulations applicable to such entities.

Regd. Office: Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

11 12 13 14 15 16 17 18 19 20 55 56 61

62 63 21 22 23 24 25 26 27 28 29 30

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2(k) 2(l) 3 3(a) 3(b) 3(c) 3(d) 3(e) 4 4(a) 4(b) 4(c) 4(d) 4 (e)

Category III FPIs Other legal entities, subject to compliance with their respective applicable legislation Category III (High Networth Individuals) (“HNIs”) Resident Indian individuals who apply for Bonds aggregating to above `10 lakhs across all Series of Bonds in this Tranche II Issue Hindu Undivided Families through the Karta who apply for Bonds aggregating to above `10 lakhs across all Series of Bonds in this Tranche II Issue Eligible NRIs on a repatriation basis : investors applying for Bonds aggregating to above `10 lakhs across all Series of Bonds in this Tranche II Issue: Eligible NRIs on a non- repatriation basis - investors applying for Bonds aggregating to above `10 lakhs across all Series of Bonds in this Tranche II Issue: Eligible FPIs being an individual - investors applying for Bonds aggregating to above `10 lakhs across all Series of Bonds in this Tranche II Issue: Category IV (Retail Individual Investors) (“RIIs”) Resident Indian individuals who apply for Bonds aggregating upto and including `10 lakhs across all Series of Bonds in this Tranche II Issue Hindu Undivided Families through the Karta who apply for Bonds aggregating upto and including `10 lakhs across all Series of Bonds in this Tranche II Issue Eligible NRIs on a repatriation basis : investors applying for Bonds aggregating upto and including `10 lakhs across all Series of Bonds in this Tranche II Issue Eligible NRIs on a non- repatriation basis - investors applying for Bonds aggregating upto and including `10 lakhs across all Series of Bonds in this Tranche II Issue Eligible FPIs being an individual - investors applying for Bonds aggregating upto and including `10 lakhs across all Series of Bonds in this Tranche II Issue

Regd. Office: Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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Members may please note that Trading Member(s) of the Exchange who are not empanelled as Syndicate /Sub-syndicate are also eligible to participate in the bidding process as per the guidelines issued by SEBI vide circular CIR. /IMD/DF-1/20/2012 dated July 27, 2012.

For and on behalf of National Stock Exchange of India Ltd.

Suprabhat Lala Vice President

Toll Free No 1800 2200 53

Fax No 022-26598447

Email id [email protected]

Regd. Office: Exchange Plaza, Bandra Kurla Complex, Bandra (E), Mumbai – 400 051

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