Issuer

Srei Equipment Finance Limited

Type of Instrument

Secured redeemable non-convertible debentures

Seniority

The claims of the NCD Holders 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.

Listing

The NCDs are proposed to be listed on BSE and NSE. The NCDs shall be listed within 12 Working Days from the date of Issue Closure. For more information, see "Other Regulatory And Statutory Disclosures – Listing on page no. 196 of this Prospectus.

Rating of the Instrument

 The NCDs have been rated 'CARE AA (Double AA)'by CARE pursuant to letters dated March 11, 2015 and March 30, 2015 136 and "BWR AA" (BWR Double A) (Outlook Stable) by BRICKWORK pursuant to letters dated June 20, 2014 and revalidation letter dated March 11, 2015. Instruments with a rating of of 'CARE AA (Double AA)' by CARE and 'BWR AA" (BWR Double A) (Outlook Stable) are considered to have high degree of safety regarding timely servicing of financial obligations. The rating provided by CARE and BRICKWORK may be suspended, withdrawn or revised at any time by the assigning rating agency on the basis of new information etc., and should be evaluated independently of any other rating. The rating is not a recommendation to buy, sell or hold securities and investors should take their own investment decisions.

Issue

Public Issue by our Company of Secured Redeemable NCDs aggregating up to Rs 250 Crores with an option to retain over-subscription up to Rs 250 Crores aggregating to a total of up to Rs 500 Crores.

Total Issue Size

Base Issue as mentioned in the respective Tranche Prospectus(es) with an option to retain oversubscription upto the rated size, as specified in the Prospectus

Interest on Application Amount received, which are used towards Allotment of NCDs

The Company shall pay interest on application money to the successful Applicants, interest at the rate of 9.75 % p.a on the Application Amount allotted, from the date of realisation of application money

Interest on Application Amounts received, which are liable to be refunded

7%

Issue Price (Rs per NCD)

Rs 1000/-

Face Value (Rs per NCD)

Rs 1000/-

Deemed Date of Allotment

The Deemed Date of Allotment for the NCDs shall be the date on which the Board of Directors or duly authorized committee thereof approves the allotment of NCDs or such date as may be determined by the Board of our Company and/or a duly authorized committee thereof and notified to the Stock Exchange. All benefits under the NCDs including payment of interest will accrue to the NCD Holders from the Deemed Date of Allotment. The actual allotment of NCDs may take place on a date other than the Deemed Date of Allotment.

Mode of Allotment

Compulsorily in dematerialized form to all categories of investors other than Individual Category Investors who have opted for allotment of NCDs in the physical form in accordance with Section 8 (1) of the Depositories Act, 1996. Only Category III Investors can apply for allotment of NCDs in the physical form. However Series I, Series IV and Series VII NCDs would be allotted compulsorily in dematerialized form to all categories of Investors.

Trading mode of the Instrument

The trading of the NCDs on the stock exchange shall be in dematerialized form only.

Depository

NSDL and CDSL

Debenture Trustee

Axis Trustee Services Limited

Lead Managers to the Public Issue

Edelweiss Financial Services Limited and Srei Capital Markets Limited

Registrar to the Issue

Karvy Computershare Private Limited