Nexus Select Trust REIT Basis of Allotment
 |
Nexus
Select Trust |
| (Registered
in the Republic of India as contributory, determinate and irrevocable trust on August
10,2022 at Mumbai, Maharashtra India under the Indian Trusts Act, 1882 and asa real estate
investment trust on September 15,2022 under the Securities and Exchange Beard of India
(Real Estate Investment Trusts) Regulations, 2014. as amended, having registration number
IN/REIT/22-23/0004 |
| Principal
Place of Business: Embassy 247, Unit No. 501, B Wing. Lai Bahadur Shastn Marg,
Vikhroti West. Mumbai 400 083, Maharashtra, India Tel: +91 22 6280 5000 Fax: NA; Compliance
Officer: Charu Patki; |
| E-mail:
investor relations@nexusmate.com; Website:
www.nexusselecttrust.com |
The Units of Nexus Select Trust are proposed to the listed on National
Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") and
the trading will commence on May 19,2023. Initial public offering of 320,000,000 Units for
cash at a price of Rs. 100 per Unit aggregating to f 32,000.00 million by Nexus Select
Trust comprising of a fresh issuance of 140,000,000 Units aggregating to Rs. 14,000.00
million (the "Fresh Issue") and an offer for sale of 180,000,000 Units by the
Selling Unitholders aggregating to 118,000.00 million (the "Offer for Sale" and
together with the Fresh Issue, the "Offer"). The Offer constitutes 21.12% of the
issued and paid-up Units on a post-Offer basis in accordance with Regulation 14(2A) of the
REIT Regulations.
| OFFER PRICE: 1100 PER UNIT |
| ANCHOR INVESTOR OFFER PRICE: Rs. 100 PER UNIT |
Risks to Investors:
| 1. |
The Nexus Select Trust does
not provide any assurance or guarantee of any distributions to the Unitholders. The Nexus
Select Trust may not be able to make distributions to Unitholders in the manner described
in the Final Offer Document or at all, and the level of distributions may decrease. |
| 2. |
The Nexus Select Trust has a
limited operating history and may not be able to operate our business successfully,
achieve our business objectives or generate sufficient cash flows to make or sustain
distributions. Further, the Condensed Combined Financial Statements are prepared for the
Final Offer Document and may not necessarily represent our consolidated financial
position, results of operation and cash flows. |
| 3. |
The Nexus Select Trust does
not have any industry peers as on date of the Final Offer Document as there are no listed
real estate investment trusts in the retail sector in India.* |
*All existing listed real estate investment trusts in India operate
primarily in the commercial office sector.
Credit Rating : Nexus Select Trust has been assigned a corporate credit rating of
Provisional CRISIL AAA (Stable) by CRISIL and an issuer rating of Provisional [ICRA]AAA
(Stable) by ICRA Limited.
| BID/OFFER PROGRAM |
| BID/OFFER OPENED
ON: TUESDAY, MAY 09, 2023 |
| BID/OFFER CLOSED
ON: THURSDAY, MAY 11, 2023 |
| ANCHOR INVESTOR
PERIOD WAS: MONDAY, MAY 08, 2023 |
This Offer was made through the Book Building Process and in compliance
with the REIT Regulations and the SEBI Guidelines, wherein not more than 75% of the Offer
was made available for allocation on a proportionate basis to Institutional Investors. The
Manager, in consultation with the Load Managers, allocated up to 60% of the Institutional
Investor Portion to Anchor Investors on a discretionary basis in accordance with the REIT
Regulations and the SEBI Guidelines. Further, not less than 25% of the Offer was made
available for allocation on a proportionate basis to Non- Institutional Investors, in
accordance with the REIT Regulations and the SEBI Guidelines, subject to valid Bids being
received at or above the Offer Price. Ail Bidders (except Anchor Investors) were required
to utilize the Application Supported by Blocked Amount ( "ASBA") process
by providing details of their respective ASBA accounts and UPI ID (mease of individual
Non-Institutional Investors using theUPI Mechanism Bidding with a Bid Amount of Rs. 0.50
million or less), in which case the corresponding Bid Amounts were required to blocked by
the SCSBs or under the UPI Mechanism, as applicable to participate in the Offer. For
details, see "Offer Information" or\ page 546 of the final offer document dated
May 16,2023 ( Final Offer Document ). The Offer received 81.889 applications for
1,11.84 41,100 Units (prior to technical rejections) resulting in 3.50 times subscription
The details of the applications received in the Offer from various categories are as under
(before technical rejections):
| Sr.No |
Category |
No. of Applications |
No.
of Units |
No.
of Units reserved |
No.
of times Subscribed |
Amount
(In Rs. ) |
| A |
Non
Institutional Investors |
81,792 |
47,91.56,250 |
8,00,00,000 |
5.99 |
47.92,29.60,750.00 |
| B |
Institutional
Investors (Excluding Anchor Investors) |
77 |
49,52,85,000 |
9,60,00,150 |
5.16 |
4.48,96,47,000.00 |
| C |
Anchor
Investors |
20 |
14,39.99,850 |
14.39,99.850 |
1.00 |
14.39,99.85,000.00 |
|
TOTAL |
81,889 |
1,11,84,41,100 |
32,00,00,000 |
3.50 |
1,11.81,25.92,750.00 |
Final Demand
A summary of the final demand as per BSE and NSE as on the Bid/Offer
Closing date as at different Bid prices is as under:
| Sr No |
Bid
Price |
Bids
Quantity |
(%)
to Total |
Cumulative
Total |
%
Cumulative Total |
| 1 |
95 |
90,73.350 |
0
89 |
90,73,350 |
0
89 |
| 2 |
96 |
1,83.900 |
0.02 |
92,57,250 |
0.91 |
| 3 |
97 |
2,92.200 |
0.03 |
95,49,450 |
0.94 |
| 4 |
98 |
2,65,650 |
0.03 |
98,15,100 |
0.97 |
| 5 |
99 |
1,53,150 |
0.02 |
99,68,250 |
0
98 |
| 6 |
100 |
1,00,52,08.350 |
99.02 |
1,01,51,76,600 |
100.00 |
|
TOTAL |
1,01,51,76,600 |
100.00 |
|
|
| A |
Allotment of he
Non-institutional Investors (after technical rejections) |
The Basis of Allotment to the Non-institutional Investors, who have bid
at the Offer Price of Rs. 100 per Unit, was finalized in consultation with the NSE. The
Non-Institutional Investor Portion has been subscribed to the extent of 5.9276 times. The
total number of Units Allotted in this category is 8.00,00,000 Units to 24,678 successful
Non-Institutional Investors. The category-wise details of the Basis of Allotment are as
under: (Sample)
| Sr. No. |
Category |
No.
of Applications Received |
%
of Total |
Total
No. of Units applied |
%
to Total |
No.
of Units allotted per applicant |
Ratio |
Total
No. of Units allotted |
| 1 |
150 |
55,907 |
72.24 |
83,86,050 |
1.77 |
150 |
69:
409 |
14,14,800 |
| 2 |
300 |
6,903 |
8.92 |
20,70,900 |
0.44 |
150 |
28:83 |
3,49,350 |
| 3 |
450 |
2,274 |
2.94 |
10,23,300 |
0.22 |
150 |
41
: 81 |
1,72,650 |
| 4 |
600 |
1,300 |
1.68 |
7,80,000 |
0.16 |
150 |
29:43 |
1,31,550 |
| 5 |
750 |
764 |
0.99 |
5,73,000 |
0.12 |
150 |
59:70 |
96,600 |
| 6 |
900 |
962 |
1.24 |
8,65,800 |
0.18 |
152 |
1:1 |
1,46,224 |
| 7 |
1,050 |
896 |
1.16 |
9,40,800 |
0.20 |
177 |
1:1 |
1,58,592 |
| 8 |
|
|
|
|
|
1 |
29:
224 |
116 |
| 9 |
1,200 |
305 |
0.39 |
3,66,000 |
008 |
202 |
1
: 1 |
61,610 |
| 10 |
|
|
|
|
|
1 |
136:
305 |
136 |
| 11 |
1,350 |
117 |
0.15 |
1,57,950 |
0.03 |
228 |
1:1 |
26,676 |
| 12 |
21,00,000 |
2 |
0.00 |
42,00,000 |
0.89 |
3,54,278 |
1:1 |
7,08,556 |
| 13 |
22,50,000 |
1 |
000 |
22,50,000 |
047 |
3,79,583 |
1:1 |
3,79,583 |
| 14 |
24,99,900 |
6 |
001 |
1,49,99,400 |
3.16 |
4,21,742 |
1:1 |
25,30,452 |
| 15 |
25,00,950 |
1 |
0.00 |
25,00,950 |
0.53 |
4,21,919 |
1:1 |
4,21,919 |
| 16 |
25,99,950 |
1 |
0.00 |
25,99,950 |
0.55 |
4,38,621 |
1:1 |
4,38,621 |
| 17 |
30,00,000 |
2 |
0.00 |
60,00,000 |
1.27 |
5,06,111 |
1:
1 |
10,12,222 |
| 18 |
31,11,450 |
1 |
0.00 |
31,11,450 |
0.66 |
5,24,913 |
1:
1 |
5,24,913 |
| 19 |
34,39,950 |
1 |
000 |
34,39,950 |
0.73 |
5,80,332 |
1:1 |
5,80,332 |
| 20 |
35,00,100 |
1 |
0.00 |
35,00,100 |
0.74 |
5,90,479 |
1
:1 |
5,90,479 |
| 21 |
49,95,000 |
2 |
0.00 |
99,90,000 |
2.11 |
8,42,675 |
1
:1 |
16,85,350 |
| 22 |
49,99,950 |
3 |
0
cc |
1,49,99,850 |
3.16 |
8,43,510 |
1
:1 |
25,30,530 |
| 23 |
54,90,000 |
1 |
0.00 |
54,90,000 |
1.16 |
9,26,183 |
1
:1 |
9,26,183 |
| 24 |
56,00,100 |
1 |
0.00 |
56,00,100 |
1.18 |
9,44,757 |
1:1 |
9,44,757 |
| 25 |
79,99,950 |
1 |
0.00 |
79,99,950 |
1.69 |
13,49,620 |
1
:1 |
13,49,620 |
| 26 |
94,00,050 |
1 |
0.00 |
94,00,050 |
1.98 |
15,85,822 |
1
:1 |
15,85,822 |
| 27 |
1,24,99,950 |
1 |
0.00 |
1,24,99,950 |
2.64 |
21,08,787 |
1
:1 |
21,08,787 |
| 28 |
10,00,00,050 |
1 |
0.00 |
10,00,00,050 |
21.09 |
1,68,70,369 |
1
; 1 |
1,68,70,369 |
1 additional unit has been allocated to Categories 1050,1200 & 2100
in the ratio of29:224,136:305and 167:603
| B |
Allotment to
Institutional Investors (excluding Anchor Investors) (After Technical Rejections) |
The Basis of Allotment to the Institutional Investors, who have bid at
the Offer Price of ? 100 per Unit, was finalized in consultation with the NSE. The
Institutional Investor Portion has been subscribed to the extent of 5.0696 times. The
total number of Units Allotted in this category is 9,60,00,150 Units to 74 successful
Institutional Investors. The category-wise details of the Basis of Allotment are as under:
| Sr. No. |
Category |
No.
of Applications Received |
%
of Total |
Total
No. of Units applied |
%
to Total |
No.
of Units allotted per applicant |
Ratio |
Total
No. of Units allotted |
| 1 |
3,750 |
1 |
1.35 |
3,750 |
0.00 |
740 |
1:1 |
740 |
| 2 |
4,650 |
1 |
1.35 |
4,650 |
0.00 |
917 |
1
:1 |
917 |
| 3 |
11,850 |
1 |
1.35 |
11,850 |
0.00 |
2,337 |
1:1 |
2,337 |
| 4 |
16,050 |
1 |
1.35 |
16,050 |
0.00 |
3,166 |
1
:1 |
3,166 |
| 5 |
31,350 |
1 |
1.35 |
31,350 |
0.01 |
6,184 |
1
:1 |
6,184 |
| 6 |
44,850 |
1 |
1.35 |
44,850 |
0.01 |
8,847 |
1
:1 |
8,847 |
| 7 |
70,050 |
1 |
1,35 |
70,050 |
0.01 |
13,818 |
1
:1 |
13,818 |
| 8 |
83,250 |
1 |
1.35 |
83,250 |
0.02 |
16,421 |
1
:1 |
16,421 |
| 9 |
1,65,300 |
1 |
1.35 |
1,65.300 |
0.03 |
32,606 |
1
:1 |
32,606 |
| 10 |
2,43,300 |
1 |
1.35 |
2,43.300 |
0.05 |
47,992 |
1:1 |
47,992 |
| 11 |
2,49.900 |
2 |
2
70 |
4,99.800 |
0.10 |
49,294 |
1:1 |
98,588 |
| 12 |
4,04.550 |
1 |
1.35 |
4,04.550 |
0.08 |
79,799 |
1:1 |
79,799 |
| 13 |
4,21,950 |
1 |
1.35 |
4,21,950 |
0.09 |
83,232 |
1;
1 |
83,232 |
| 14 |
4,30.650 |
1 |
1.35 |
4,30.650 |
0.09 |
84,948 |
1:1 |
84,948 |
| 15 |
5,00.100 |
1 |
1.35 |
5,00.100 |
0.10 |
98,647 |
1:1 |
98,647 |
| 16 |
5,20,500 |
1 |
1.35 |
5,20,500 |
0
11 |
1,02,671 |
1:1 |
1,02,671 |
| 17 |
5,62,950 |
1 |
1
35 |
5,62.950 |
0.12 |
1,11,045 |
1
:1 |
1.11,045 |
| 18 |
6,57.450 |
1 |
1.35 |
6,57,450 |
0.14 |
1.29,685 |
1
; 1 |
1.29,685 |
| 19 |
6,33,250 |
1 |
1,35 |
8,33.250 |
0.17 |
1.64,362 |
1
:1 |
1,64,362 |
| 20 |
9,99.900 |
1 |
1.35 |
9,99,900 |
0.21 |
1,97,235 |
1
; 1 |
1,97,235 |
| 21 |
10,00,050 |
1 |
1.35 |
10,00,050 |
0.21 |
1.97,265 |
1
:1 |
1,97,265 |
| 22 |
11,86.950 |
1 |
1.35 |
11,86.950 |
0.24 |
2.34,131 |
1
:1 |
2.34,131 |
| 23 |
12,00,000 |
1 |
1.35 |
12,00.000 |
0.25 |
2,36,706 |
1
:1 |
2,36,706 |
| 24 |
12,22,500 |
1 |
1.35 |
12,22.500 |
0.25 |
2.41,144 |
1
; 1 |
2.41,144 |
| 25 |
15.00.000 |
3 |
4.05 |
45,00.000 |
0.92 |
2.95,882 |
1
:1 |
8,87,646 |
| 26 |
16,40,700 |
1 |
1.35 |
16,40.700 |
0.34 |
3.23,636 |
1
; 1 |
3.23,636 |
| 27 |
16,42,200 |
1 |
1
35 |
16,42.200 |
0.34 |
3,23,932 |
1
: 1 |
3,23,932 |
| 28 |
19,99.800 |
1 |
1.35 |
19,99.800 |
0.41 |
3.94,470 |
1
; 1 |
3.94,470 |
| 29 |
19,99.950 |
1 |
1.35 |
19,99.950 |
0.41 |
3.94,500 |
1
; 1 |
3.94,500 |
| 30 |
20,00,100 |
1 |
1.35 |
20,00.100 |
0.41 |
3,94,529 |
1
; 1 |
3.94,529 |
| 31 |
24,84.750 |
1 |
1.35 |
24,84.750 |
0.51 |
4.90,129 |
1
; 1 |
4,90,129 |
| 32 |
24,99,900 |
3 |
4.05 |
74,99,700 |
1.54 |
4,93,117 |
1
: 1 |
14.79,351 |
| 33 |
28.99.950 |
1 |
1
35 |
28,99.950 |
0.60 |
5.72,029 |
1
:1 |
5.72,029 |
| 34 |
30,00,000 |
2 |
2.70 |
60,00.000 |
1.23 |
5.91,764 |
1
:1 |
11.83,528 |
| 35 |
31,99.950 |
1 |
1.35 |
31,99.950 |
0.66 |
6.31,205 |
1
: 1 |
6.31,205 |
| 36 |
37,12,800 |
1 |
1
35 |
37,12.800 |
0.76 |
7.32,367 |
1
; 1 |
7.32.367 |
| 37 |
37,37,550 |
1 |
1.35 |
37,37,550 |
0.77 |
7.37,249 |
1
: 1 |
7.37,249 |
| 38 |
40,00,030 |
1 |
1.35 |
40,00.050 |
0.82 |
7.89,029 |
1
: 1 |
7.89,029 |
| 39 |
40,99,200 |
1 |
1.35 |
40,99.200 |
0.84 |
8,08,587 |
1
: 1 |
8,08,587 |
| 40 |
41,70,000 |
1 |
1.35 |
41,70.000 |
086 |
8,22,552 |
1
; 1 |
8.22,552 |
| 41 |
45,00.000 |
1 |
1.35 |
45,00,000 |
0.92 |
8,87,646 |
1
: 1 |
8,87,646 |
| 42 |
49,50.000 |
2 |
2.70 |
99.00,000 |
2.03 |
9,76,411 |
1
: 1 |
19,52.822 |
| 43 |
49,99.950 |
3 |
4.05 |
1,49.99,850 |
3.08 |
9.86,264 |
1
: 1 |
29,58.792 |
| 44 |
54,99.900 |
1 |
1.35 |
54.99,900 |
1.13 |
10.84,881 |
1
: 1 |
10,84.881 |
| 45 |
60,00.000 |
1 |
1.35 |
60.00,000 |
1.23 |
11,83,528 |
1
: 1 |
11,83,528 |
| 46 |
65,59,950 |
1 |
1.35 |
65,59,950 |
1.35 |
12,93,981 |
1
: 1 |
12,93,981 |
| 47 |
67,31,250 |
1 |
1.35 |
67,31,250 |
1.38 |
13,27,771 |
1
: 1 |
13,27,771 |
| 48 |
67.54,650 |
1 |
1.35 |
67.54,650 |
1.39 |
13,32,387 |
1
: 1 |
13,32,387 |
| 49 |
74.06,700 |
1 |
1.35 |
74.06,700 |
1.52 |
14.61,006 |
1
: 1 |
14,61.006 |
| 50 |
75,00,000 |
1 |
1.35 |
75.00,000 |
1.54 |
14,79,410 |
1
: 1 |
14,79.410 |
| 51 |
75.15,000 |
1 |
1.35 |
75.15,000 |
1.54 |
14,82,369 |
1
: 1 |
14,82,369 |
| 52 |
82,11,300 |
1 |
1.35 |
82,11,300 |
1.69 |
16,19,718 |
1
: 1 |
16,19.718 |
| 53 |
90,00,000 |
1 |
1.35 |
90.00,000 |
1.85 |
17,75,292 |
1
: 1 |
17,75,292 |
| 54 |
98,39,850 |
1 |
1.35 |
98,39,850 |
2.02 |
19,40,957 |
1
: 1 |
19,40,957 |
| 55 |
98.52,000 |
1 |
1.35 |
98.52,000 |
2.02 |
19,43,353 |
1
: 1 |
19,43,353 |
| 56 |
1,05.00,000 |
1 |
1.35 |
1,05.00,000 |
2.16 |
20,71,174 |
1
: 1 |
20,71.174 |
| 57 |
1,33.50,000 |
1 |
1.35 |
1,33.50,000 |
2.74 |
26,33,350 |
1
: 1 |
26,33.350 |
| 58 |
1,35,00,000 |
1 |
1.35 |
1,35.00,000 |
2.77 |
26,62,939 |
1
: 1 |
26,62,939 |
| 59 |
1,50,00,000 |
1 |
1.35 |
1,50,00,000 |
3.08 |
29,58,821 |
1
: 1 |
29,58,821 |
| 60 |
1,99.50,000 |
1 |
1.35 |
1.99,50,000 |
4.10 |
39,35,232 |
1
: 1 |
39,35,232 |
| 61 |
1,99.99,950 |
2 |
2.70 |
3,99.99,900 |
8.22 |
39,45,084 |
1
: 1 |
78,90,168 |
| 62 |
2,09.09,250 |
1 |
1.35 |
2,09.09,250 |
4.30 |
41,24,448 |
1
: 1 |
41,24.448 |
| 63 |
5,99.99,850 |
1 |
1.35 |
5,99.99,850 |
12.33 |
1,18.35,253 |
1
: 1 |
1.18,35.253 |
| 64 |
10,65,00,000 |
1 |
1.35 |
10,65.00,000 |
21.88 |
2,10,07,627 |
1
: 1 |
2.10,07,627 |
|
TOTAL |
74 |
100.00 |
48,66,81,150 |
100.00 |
|
|
9,60,00,150 |
| C |
Allotment to
Anchor Investors |
The Nexus Select Trust in consultation with the Lead Managers, has
allotted 14.39,99.850 Units to 15 Anchor Investors at the Anchor Investor Offer Price of ?
100 per Unit in accordance with the SEBI REIT Regulations. This represents 60% of the
Institutional Investor Portion.
| Category |
Fls/Banks |
MF's |
IC’s |
AIF's |
FPIVFIIs |
NBFC |
Others |
Total |
| Anchor Investors |
- |
4,79,99,700 |
4,72.92,750 |
1,49,59,950 |
2,77,86,450 |
10,11,000 |
49,50,000 |
14,39,99,850 |
The Board of Directors of the Manager at its meeting held on May 16.
2023. has noted the Basis of Allotment of the Units approved by the Designated Stock
Exchange, being NSE and allotted the Units to various successful applicants.The Allotment
Advice-cum-Unblocking Intimations and/or notices has been dispatched to the address of the
investors as registered with the depositories. Further, the instructions to the Self
Certified Syndicate Banks have been issued for unblocking of funds and transfer to Public
Offer Account on May 16, 2023 and payment to non-Syndicate brokers have been issued on May
16. 2023. In case the same is not received within ten days, investors may contact the
Registrar to the Offer at the address given below. The Units Allotted to the successful
Allottees have been credited on May 17, 2023 to their beneficiary accounts subject to
validation of the account details with the depositories concerned. The Manager has
obtained listing and trading approvals dated May 18,2023 from the NSE and the BSE. The
Units will commence trading on May 19, 2023. All capitalized terms used and not
specifically defined herein shall have the same meaning as ascribed to them in the Final
Offer Document dated May 16.2023.
The details of the Allotment made will be hosted on the website of the
Registrar to the Offer. KFin Technologies Limited at www.kfintech.com All future correspondence in this
regard may kindly be addressed to the Registrar to the Offer quoting full name of the
first/ sole Bidder. Bid cum Application Form number, Bidder DP ID, Client ID, PAN, date of
submission of Bid cum Application Form, address of the Bidder, number of Units applied
for, the name and address of the Designated Intermediary where the Bid cum Application
Form was submitted by the Bidder and a copy of the Acknowledgment Slip received from the
Designated Intermediary at the address given below:
 |
| KFin Technologies
Limited |
| Selenium. Tower B.
Plot No. 31 and 32. Financial District. Nanakramguda. |
| Serilingampally.
Hyderabad. Rangareddi - 500 032, Telangana, India. |
| Tel: +91 40
6716 2222 |
| E-mail: nexusselecttrust.ipo@kfintech.com |
| Investor grievance
e-mail: einward.ris@kfintech.com |
| Website: www.kfintech.com |
| Contact Person:
M Murali Krishna |
| SEBI Registration
No.: INR000000221 |
|
On behalf of Nexus Select
Trust |
|
Sd/- |
| Place: Mumbai |
Charu Patki |
| Date: May 18, 2023 |
Compliance Officer |
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF
EITHER THE MARKET PRICE OF THE UNITS ON LISTING OR THE BUSINESS PROSPECTS OF NEXUS SELECT
TRUST.
Nexus Select Trust, acting through its Manager, is proposing, subject to receipt of
requisite approvals, market conditions and other considerations, to make an initial offer
of its Units representing an undivided beneficial interest in Nexus Select Trust, and has
filed the Final Offer Document with SEBI its Units representing an undivided beneficial
interest in Nexus Select Trust, and has filed the Final Offer Document with SEBI and the
Stock Exchanges on May 16 , 2023. available on the website of SEBI at www.sebi.gov.in, BSE at wivw.bseindia.com . NSE at www.nseindia.com as well as on the websites of the Book
Running Lead Managers i.e. BofA Securities India Limited. Axis Capital Limited. Citigroup
Global Markets India Private Limited. HSBC Managers i.e. BofA Securities India Limited.
Axis Capital Limited. Citigroup Global Markets India Private Limited. JM Financial
Limited, J.P. Morgan India Private Limited. Kotak Mahindra Capital Company Limited ,
Morgan Stanley India Company Private Limited, and SBI Capital Markets Limited at www.ml-india.com, www.axiscapital.co.in, www.online.citibank.co.in/ihtrn/citigroupglobalscreen1.htm
Markets Limited at www.ml-india.com,www.axiscapital.co.in, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm,www.bussiness.hsbc.co.in/en-gb/in/generic/ipo-open-offer-andbuyback,www.iiflcap.com,www.jmfl.com,www.jpmipl.com, https://investmentbank.kotak.com,www.morganstanley.com and www.sbicaps.com , respectively. Potential investors
should note that investment in the Units involves a degree of risk, and for details
relating to the same, should refer to the section should note that investment in the Units
involves a degree of risk, and for details relating to the same, should refer to the
section "Risk Factors "of the Final Offer Document, These materials are not for
publication or distribution, directly or indirectly, in or into the United States. These
materials are not an offer for the sale of the Units or other securities in the United
States or elsewhere. The Units referred to herein have not been and will not be registered
under the Securities in the United States or elsewhere. The Units referred to herein have
not been and will not be registered under the U.S. Securities Act of 1933, as amended and
may not be offered or sold within the United States, except pursuant to an exemption from
registration. No public offering of the Units or other securities is being made in the
United States.
RHP