APPLICATION SUPPORTED BY BLOCKED AMOUNT (ASBA) FACILITY THROUGH SYNDICATE / SUB-SYNDICATE MEMBERS
INSTRUCTIONS to be followed by the "SCSB ACCEPTING ASBA APPLICATIONS”
Relating to the Shriram City Union Finance Limited – NCD Issue
1. HIGHLIGHTS OF THE ISSUE
Issuer Company Name / Shriram City Union Finance LimitedSecurity Type / Redeemable Non-Convertible Debenture
Isuue Size / 2500000 NCDs with an option to retain over-subscription upto 2500000 NCDs aggregating to a total of upto 5000000 NCDs
Issue Price / Rs.1000/- per NCD payable along with Application
Issue Opens on / September 12, 2012
Issue Closes on / September 26, 2012
Registrar to the Issue / Integrated Enterprises (India) Limited
2ND Floor, “Kences Towers” No. 1 Ramakrishna Street
North Usman Road, T Nagar
Chennai – 600 017
Phone : 044 -28140801-03 Fax : 044 –28142479
Email :
Contact Person : Mr. K Balasubramanian / Mr. S.Sriram
* The subscription list for the Issue shall remain open for subscriptions during banking hours for the period indicated above, except that the Issue may close on such earlier date or extended date as may be decided at the discretion of the duly authorised committee of Directors of our Company subject to necessary approvals. 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.
a) Application Forms: Stock exchanges have made provision in their web site to download the copy of the application with pre-generated application serial number. Following are the URL details :-
http://www.nseindiaipo.com/issueforms/html/index.html
Under new process, SCSBs are allowed to accept application/s from all categories of investors including QIBs and Non-institutional investors.i.e. Category I and Category II investors
2. WHO ARE ELIGIBLE TO APPLY FOR NCDS?
As per the terms of Prospectus, the following categories of persons are eligible to apply in the Issue:
Category I / Category II / Category III / Category IVInstitutional Investors / Non Institutional Investors / Non Reserved Individual Investors / Reserved Individual Investors
· Resident Public financial institutions, statutory corporations, commercial banks, co-operative banks and regional rural banks incorporated in India and authorized to invest in the NCDs;
· Indian Provident funds, pension funds, superannuation funds and gratuity funds, authorized to invest in the NCDs;
· Indian venture capital funds registered with SEBI;
· Indian insurance companies registered with the IRDA;
· National Investment Fund; and
· Indian Mutual Funds registered with SEBI. / · Companies, bodies corporate and societies, registered under the applicable laws in India, and authorized to invest in the NCDs;
· Trusts settled under the Indian Trusts Act, 1882, public/private charitable/religious trusts settled and/or registered in India under applicable laws, which are authorized to invest in the NCDs;
· Resident Indian scientific and/or industrial research organizations, authorized to invest in the NCDs;
· Partnership firms formed under applicable laws in India in the name of the partners, authorized to invest in the NCDs; and
· Limited Liability Partnerships formed and registered under the provisions of the Limited Liability Partnership Act, 2008 (No. 6 of 2009), authorized to invest in the NCDs. / · Resident Indian individuals who apply for NCDs aggregating to a value more than Rs.5 lacs, across all Series of NCDs; and
· Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value more than Rs. 5 lacs), across all Series of NCDs / · Resident Indian individuals who apply for NCDs aggregating to a value not more than Rs.5 lacs, across all Series of NCDs; and
· Hindu Undivided Families through the Karta who apply for NCDs aggregating to a value not more than Rs.5 lacs, across all Series of NCDs;
3. PROCESS FLOW AND RULES & REGULATIONS TO BE FOLLOWED
1. SEBI has issued circular no. CIR/CFD/DIL/8/2010 dated October 12, 2010, enabling the syndicate / sub-syndicate members to procure ASBA forms (hereinafter referred as “Syndicate ASBA”) from the investors, upload the bid and other relevant details of such ASBA forms in the bidding platform and thereafter forward the ASBA forms to the SCSBs. SCSBs shall carry out further action for the ASBA forms such as signature verification, blocking of funds and forward the forms to the registrar to the issue.
2. Timeline schedule for various activities as per SEBI circular no. CIR/CFD/DIL/1/2011 dated April 29, 2011 shall be applicable for Red Herring Prospectus/ Prospectus / Letter of Offer filed with Registrar of Companies/ Stock Exchanges, as the case may be, on or after May 2, 2011.
3. Presently, ASBA facility through syndicate / sub-syndicate member shall commence with the following 12 bidding centers:
Mumbai / Ahmedabad / HyderabadChennai / Rajkot / Pune
Kolkata / Jaipur / Baroda
Delhi / Bangalore / Surat
4. Presently 40 ( Forty ) SCSBs as listed below, which are providing ASBA facility in any of the above mentioned centers, are required to accept the ASBA forms from syndicate / sub-syndicate members.
The HSBC Ltd. / State Bank of Hyderabad / Karur Vysya Bank Ltd.ICICI Bank Ltd. / J. P. Morgan Chase, Bank, N.A. / The Kalupur Commercial Co-op Bank Ltd.
Union Bank of India / Nutan Nagarik Sahakari Bank Ltd / Yes Bank Ltd.
Kotak Mahindra Bank Ltd. / Indian Overseas Bank Ltd. / Punjab National Bank
State Bank of India / Bank of America N.A. / Indusind Bank Ltd.
HDFC Bank Ltd. / Tamilnadu Mercantile Bank Ltd. / The Lakshmi Vilas Bank Ltd.
Oriental Bank of Commerce / Deutsche Bank AG / State Bank of Travancore
Standard Chartered Bank / BNP Paribas / Citibank NA.
Canara Bank / State Bank of Mysore / Axis Bank
Vijaya Bank / Dhanlaxmi Bank / The Surat People Co-op Bank Ltd
The Saraswat Co-op Bank Ltd / United Bank of India / State Bank of Bikaner and Jaipur
IDBI Bank / Dena Bank / Bank of Baroda
DBS Bank Ltd / Central Bank of India / Karnataka Bank Ltd
The Ahmedabad Mercantile Co-Op. Bank Ltd
Please find below the link to find updated list of SCSBs providing ASBA facility to accept the ASBA forms from syndicate / sub-syndicate members. http://www.sebi.gov.in/pmd/scsb-asba.html
SCRUTINY OF APPLICATION FORMS
Applications should be carefully scrutinized at the time of receipt, with a view to ensure that the forms have been completed in all respects in conformity with the instructions printed on the applications. The following should in particular be checked:
· All applications should be complete in all respects. Application may be in single or joint names
· Applicant should hold Demat account
· Applicant should be a resident Indian
· Applications are to be completed in English and in Block letters.
· Thumb impressions and signatures other than English or any of the languages specified in Schedule VIII of the Constitution of India must be attested by Magistrate or Special Executive Magistrate under his/her official seal
· All applicants, and in the case of application in joint names, each of the joint applicants, should mention his/her PAN number allotted under the Income-Tax Act, 1961, irrespective of the amount of the application
· Series should be ticked
· Category of investor should be ticked
Registrar’s, Syndicate member & Designated Branch role & responsibilities
Serial No. / Activity / Responsibility / Due Date (Working Day)1 / Syndicate Member to forward a schedule (containing application number and amount) along with application forms to the branch named for ‘Syndicate ASBA’ of the respective SCSBs for blocking of Fund / Syndicate Member / T+2
2 / Registrar shall forward the data in the CSV format as per the Annexure I containing ASBA bids uploaded through syndicate / sub syndicate members on T+2 in the order of bank/location.
SCSBs to start blocking funds and will issue provisional certificate for enabling us to file the Initial Post issue report / Registrar
SCSB / T+2
3 / On receipt of data from the registrar, SCSB needs to reconcile the data with the physical forms received from syndicate / sub syndicate members. A bank reference no. to be mentioned on the form. It is suggested to have different series of nos. for each branch. On numbering SCSB shall verify the account details and block the amounts as mentioned in the form. / SCSB / T+3
4 / SCSB is required to update the file, received from registrar, with bank reference no., account no., amount blocked and remarks against each form. The remarks to be updated are mentioned in Annexure II. / SCSB / T+3
5 / On completion of the above activity, SCSB need to forward all the forms to the registrar with a list (sort of a schedule). The duly updated data should be sent to the registrar by email to
along with final certificate as per the format mentioned in the Annexure III. This file needs to be preserved by the SCSB. / SCSB / T+3
6 / On receipt of the above file, the registrar shall reconcile the data and final certificate. Any deviations shall be reported to SCSB possibly on same day. / Registrar / T+4
7 / On completion of basis of allotment approved by the designated stock exchange and allotment process, the same data file will be updated and forwarded to the controlling bank with additional information like NCDs allotted, amount to be transferred to public issue a/c, amount to be unblocked & remarks giving application status as per the Annexure IV. / Registrar / T+8
8 / On receipt of allotment file from the registrar, SCSB shall transfer the amount to the public issue a/c specifically opened with one of the escrow bankers appointed by the company and unblock the funds from the investor's account based on the instructions given by the registrar. / SCSB / T+8
ANNEXURE - I
FIELD DESCRIPTION / M/NM / FIELD TYPE / SIZE / REMARKSREGISTRAR SHALL PROVIDE THIS DATA AS PER THE BID FILE ON (T + 2) / SYMBOL / Mandatory / A/N / 10
BROKER CODE / Mandatory / A/N / 11
APPLICATION NO / Mandatory / A/N / 16
DP ID / Mandatory / A/N / 16 / for CDSL this will be blank
CLIENT ID / Mandatory / A/N / 16
QUANTITY / Mandatory / N / 11
OPTION / Mandatory / A / 2
PRICE / Mandatory / N / 6.2 / 999999.99 in case of Cut-off price
AMOUNT TO BE BLOCKED / Mandatory / N / 12.2
PAN / Mandatory / A/N / 10
INVESTOR CATEGORY / Mandatory / Alpha / 5
BANK CODE / Mandatory / A/N / 16 / Details of bank codes mentioned in next page
LOCATION CODE / Mandatory / A/N / 16 / Details of location codes mentioned below in next page
ENTRY DATE & TIME / Mandatory / A/N / 20 / Date (DD-MM-YYYY) Time (HH:MI:SS)
LAST MODIFIED DATE & TIME / Mandatory / A/N / 20
ORDER NO / Mandatory / N / 16
SCSB’s TO UPDATE THESE FIELDS / BANK REFERENCE NO. / Mandatory / N / 16 / Bank Ref. no. pattern is mentioned in next page
BANK ACCOUNT NO / Not mandatory / A/N / 20
AMOUNT BLOCKED / Mandatory / N / 12.2
SCSB REMARKS / Mandatory / A/N / 50 / See annexure II
NOTE: THE FILE WILL BE IN .CSV (COMMA SEPARATED VALUES) FORMAT.
ANNEXURE - II
Srl No. / SCSB Remarks1 / Valid Form - Amount Blocked
2 / Amount not blocked due to Account Holder signature mismatch
3 / Amount not blocked due to Invalid Account
4 / Amount not blocked due to Account closed
5 / Amount not blocked due to Account blocked by IT
6 / Amount not blocked due to No funds in the account
7 / Amount not blocked due to Form not received
8 / Amount not blocked due to Form received, not in bid file ***
Note: *** SCSBs are not required to block the amount. Instead update the file with requisite fields giving appln no., bank code, location code, bank reference no., amount as per form & remarks. Please return the form to the concerned syndicate / sub syndicate member with a proper acknowledgement.
ANNEXURE – III (Format of PROVISIONAL (pc) /FINAL CERTIFICATE -FC)
(CERTIFICATE REQUIRED ON LETTER HEAD OF SCSB)
Date: DD/MM/YYYY
ISSUE OPENING DATE : September 12 : 2012
ISSUE CLOSING DATE : September 26, 2012
FINAL CERTIFICATE (FC)
This is to certify that for the Public Issue of NCDs of M/s SHRIRAM CITY UNION FINANCE LIMITED, we have collected the following applications are as under.
The branch wise summary for the forms received as below:
Srl No. / Name of the Designated branch / Gross Collection (1) / Returns (Amount NOT Blocked) (2) / Amount Blocked (1-2)Applns / Amount / Applns / Amount / Applns / Amount
1 / Mumbai
2 / Chennai
3 / Kolkata
4 / Delhi
5 / Ahmedabad
6 / Rajkot
7 / Jaipur
8 / Bangalore
9 / Hyderabad
10 / Pune
11 / Baroda
12 / Surat
Total
We confirm that the amount blocked is held by us under Lien and will not be released till receipt of further instructions from the Registrar to the Issue.
For (Name of the SCSB)
Authorised Signatory with bank’s stamp
ANNEXURE - IV
FIELD DESCRIPTION / M/NM / FIELD TYPE / SIZE / REMARKSREGISTRAR SHALL PROVIDE THIS DATA AFTER ALLOTMENT (T + 12) / SYMBOL / Mandatory / A/N / 10
BROKER CODE / Mandatory / A/N / 11
APPLICATION NO / Mandatory / A/N / 16
DP ID / Mandatory / A/N / 16 / for CDSL this will be blank
CLIENT ID / Mandatory / A/N / 16
QUANTITY / Mandatory / N / 11
OPTION / Mandatory / A / 2
PRICE / Mandatory / N / 6.2 / 999999.99 in case of Cut-off price
AMOUNT TO BE BLOCKED / Mandatory / N / 12.2
PAN / Mandatory / A/N / 10
INVESTOR CATEGORY / Mandatory / Alpha / 5
BANK REFERENCE NO / Mandatory / A/N / 16
BANK ACCOUNT NO / Mandatory / A/N / 16
ENTRY DATE & TIME / Mandatory / A/N / 20
LAST MODIFIED DATE & TIME / Mandatory / A/N / 20
ORDER NO / Mandatory / N / 16
ALLOTMENT DETAILS / NCDs ALLOTED / Mandatory / N / 9
AMOUNT TO BE TRANSFERRED TO ISSUE ACCOUNT / Mandatory / N / 12.2
AMOUNT TO BE UNBLOCKED / Mandatory / N / 12.2
REMARKS / Not Mandatory / A/N / 50
NOTE: THE FILE WILL BE IN .CSV (COMMA SEPARATED VALUES) FORMAT.