KEYNOTE

A FULL SERVICE INVESTMENT BANKING GROUP

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KeynoteGroup

JULY2011

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AboutUs

A Full Service Investment Bank and Brokerage House offering integrated financial services
Promoted by professionals with over three decades of experience in the financial markets Prominent capital market intermediary, listed on BSE & NSE Multifunctional experience Full service Investment Bank and Brokerage House Excellent reputation and accessibility in the Indian corporate sector A retail distribution arm of financial products with over 125 agents and 15 offices

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AFullServiceInvestmentBank
Investment Banking

CapitalMarkets
AStrongTrackRecordtoDeliver Over150IPOs&RightsOffersLead g Managed

CorporateFinance
AWinningStrategy ThelargestIndianAdvisortoFCCBs g andGDRs FCCBs, QIPs, Private Equity, Valuations, GDR / ADR, Advisory Services

M&AAdvisory
BestValue SectoralExpertiseinEducation, p Industrials,Pharma,FinancialServices &Commodities PE and M&A deals of diverse public and privately held businesses in a broad range of industries

ESOPConsulting
Concept,Design&Approach RegularAdvise&Valuationtoover60 g corporates ESOS, ESPS, Valuation Accounting, Dilution Analysis, Certification

Services

Initial Public Offerings (IPO), Rights Issues, Follow on Offerings, Buybacks, Preferential Placements, Consolidation Offers, Delisting Offers, Tender Offers, Regulatory assistance

Due Diligence, Legal Compliances, Structuring, Pricing, Distribution

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Exper rtise

Wide spread network of Domestic and International Investors, strong liaison with International Stock Exchanges and Lawyers enable speedy execution and allows us to negotiate and structure complex transactions

We assist companies in PE Investment, M&A Advisory, Value creation through Joint Ventures advisory, Restructuring and Spin Offs

Consult and assist companies to achieve the intended objective through implementing ESOPs in their organizations

AFullServiceBrokerageHouse
StockBroking&Advisory

StockBroking
KnowledgeBasedAdvice &BestinClassExecution Tradingfacilitieson: BombayStock Exchange NationalStock Exchange Derivatives Institutional/HNI Sales

Retail
PanIndiaRetail DistributionNetwork Authorizeddistributor offinancialproducts suchasIPOsandBonds Registereddistributor formutualfunds, insurancebroking (proposed)

Research
MidMarketFocus AcknowledgedforIPO researchandaccessto midmarketcompanies mid market companies StrongDatabaseon Indiancompanies Bloombergservicesfor internationalaccess Researchavailableon Reutersforthebenefit ofglobalanddomestic clients

FundAdvisory
IndianCapitalMarket Specialists

DebtMarket
DebtMarket

Commodities
Trackmovementsof commodityprices domesticallyand internationally Tradingfacilitiesonthe MCX Indiasleading commoditiesexchange

Services

Exclusivelyadvisetwo Indiadedicatedfunds ontheirinvestment strategyinIndia

Establishedplayerand E t bli h d l d distributorof Government Securities,Bonds,State Government Securities,PSUBonds andalldebtsecurities OfferDebtportfolio Off D b f li advisoryservicesto Corporates,PFTrusts, HNIsetc. Wellestablished relationshipswithleading relationships with leading institutionsinthe market.Weintendto capitalizeonthe Governmentstated objectiveofopeningDebt marketsandencouraging g greaterparticipation p p nationwide.

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Expertise

Keynote Capitals Ltd, our wholly owned subsidiary , offers institutional, corporate & HNI clients the entire range of products on the stock market

Network offices

of

over

15

Our research team tracks over 60 companies on a regular basis besides interacting with various managements

Our advisory team not only provides investment ideas and strategies but is also experienced in assisting funds set up their India desk with advise compliances, taxation and settlement systems

Keynote Commodities, our wholly owned subsidiary enables the client to trade in all major commodities traded on the MCX

Recognitions
Advised and Lead Managed over 100 IPOs till date Ranked No.1 Merchant Banker as per Prime Database for the year 200809 in terms of the number of issues handled in both, Public issue as well as Rights issue Amongst top 3 Investment Bankers for Rights Issues as Lead Manager in last 6 years Ranked No.6 Deal Maker for the year 200304 by The Economic Times Advised clients on domestic and international Mergers & Acquisitions transactions Facilitated Indian companies to raise resource over USD 500 mn through FCCB and GDR issues P f Preferred I d Investment B k of Git j li G t t Banker f Gitanjali Group, B j Bi Braj Binani G i Group, El Elpro G Group, T l Tayal Group, Zenith Group, S H Kelkar Group, Simbhaoli Sugars, Yash Birla Group, Bombay Rayon Advised Rahn & Bodmer Bank Switzerland Control Risk Group UK and Cognita UK on Bank, Switzerland, Group, Cognita, India Entry Strategy Strong relationships with active PE and VC funds in India

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RecentTransactions
IPO&FOLLOWONOFFERS

ServalakshmiPaperLtd. BookRunningLead Manager April2011

Issuer: Servalakshmi Paper Limited Offering Type: IPO Amount raised: Rs.60.00 Cr. Listing: BSE & NSE BRLM: Keynote

Gravita IndiaLtd. BookRunningLead Manager November2010

Issuer: Gravita India Limited Offering Type: IPO Amount raised: Rs.45.00 Cr. Offer Price : Rs. 125 ff Listing: BSE & NSE BRLM: Keynote

Bedmutha IndustriesLtd. BookRunningLead Manager October2010

Issuer: Bedmutha Industries Limited Offering Type: IPO Amount raised: Rs.91.80 Cr. Offer Price : Rs. 102 Listing: BSE & NSE BRLM: Keynote & Ashika

Prakash Steelage Ltd. BookRunningLead Manager August2010

Issuer: Prakash Steelage Limited Offering Type: IPO Amount raised: Rs.68.75 Cr. Offer Price : Rs. 110 ff Listing: BSE & NSE BRLM: Keynote

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RecentTransactions
RIGHTSISSUES

Tulsyan NECLtd.
LeadManager

CamlinFineChemicalsLtd.

April2011

LeadManager RightsIssueofEquity Shares

August2010

Issuer:Tulsyan NECLimited OfferingType: RightsIssue

Issuer: CamlinFineChemicals Limited OfferingType: RightsIssue

Issuer: Sumeet Industries Limited OfferingType: RightsIssue Amountraised: Rs.30Cr Amount raised: Rs 30 Cr OfferPrice:Rs.15/ Listing:BSE SoleLeadManager

Issuer: Restile Ceramics Limited OfferingType: RightsIssue

Issuer: Entegra Limited OfferingType: RightsIssue Amountraised: Rs.128Cr

Amountraised: Rs.49.50Cr. Amountraised: Rs.5.50Cr Amount raised: Rs 5 50 Cr OfferPrice:Rs.49.50 OfferPrice:Rs.15.75 Listing:BSE,NSE,CSE&MSE Listing:BSE LeadManager:Keynote& MPAFinancialServicesLtd SoleLeadManager Listing:BSE OfferPrice:Rs.10/ Amountraised: Rs.42Cr Amount raised: Rs 42 Cr

OfferPrice:Rs.25/ Listing:BSE,NSE LeadManager SoleLeadManager

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RecentTransactions
BUYBACKS

NavinFlourine Limited February2011 February 2011

Binani Cement Limited August2010

GitanjaliGems Limited August2009

BinaniMetals Limited 200809

HydroS&S IndustriesLimited 200809

Company:Navin Flourine Limited Type:TenderOfferRoute OfferSize:13.57Cr ManagertotheOffer

Company:Binani Cement Limited Type:TenderOfferRoute OfferSize:130.50Cr ManagertotheOffer

Company:Gitanjali Gems Limited Type:StockExchangeRoute OfferSize:144.00Cr ManagertotheOffer

Company:Binani Metals Limited Type:TenderOfferRoute OfferSize:1.06Cr ManagertotheOffer

Company:HydroS&S IndustriesLimited Type:OpenMarketRoute OfferSize:2.63Cr ManagertotheOffer

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RecentTransactions
MERGERS&ACQUISITIONS

Punalur PaperMills Limited ManagertotheOffer March2011 March 2011

Polygenta TechnologiesLtd. ManagertotheOffer November2010

TargetCompany: Punalur Paper MillsLimited Openoffer ff

TargetCompany: Polygenta TechnologiesLimited Openoffer ff

TargetCompany:Cronimet Alloys IndiaLtd. Openoffer ff

TargetCompany: Aadi Industries Ltd. ConsolidationofPromoterStake ld f k ManagertotheOffer

ManagertotheOffer

ManagertotheOffer

ManagertotheOffer

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OTHERTRANSACTIONS
PreferentialAllotment Delisting QIP PrivateEquity

CamlinLimited
PreferentialAllotment

Binani CementLimited
ManagertotheOffer February2011

InfoDriveSoftware Limited
BookRunningLeadManager November2010

SHKelkar &Co.Pvt.Ltd.
ExclusiveFinancialAdvisor PrivatePlacementofEquity q y andDebtSyndication August2010

May2011

Company: Camlin Limited Offer Type: Preferential Allotment Offer Size: Rs. 58.94 Cr Offer Price: Rs. 85/Role: Advisor for Preferential Allotment to Kokuyo S&T Co. Ltd., Japan

Company: Binani Cement Limited Offer Type: Delisting Offer Size: Rs. 465.55 Cr Offer Price: Rs. 90/De-Listing: BSE & NSE Manager: Keynote

Issuer: Info-Drive Software Ltd. Offer Type: QIP Offer Size: Rs.39.63 Cr. Offer Price : Rs. 25/Listing: BSE & NSE BRLM: Keynote

Company: S H Kelkar & Co. Pvt. Ltd. Offer Type: Private Equity Offer Size: Rs. 300 Cr Role: Advisor to Private Placement of Equity and Debt Syndication

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SomeofthePrestigiousTransactionsonHand
IPO

JainInfraprojects Ltd. BookRunningLead Manager g

Issuer: Jain Infraprojects Limited Offering Type: IPO Offer Size: Rs.300.00 Cr. Listing: BSE & NSE BRLM: Keynote, IDBI Capital Market Services and SBI Capital Markets

ScottsGarmentsLtd. BookRunningLead Manager g

Issuer: Scotts Garments Limited Offering Type: IPO Offer Size: Rs.150.00 Cr. (Approx) ( pp ) Listing: BSE & NSE BRLM: Keynote Co-BRLM: Canara Bank

Sabari InnLtd. BookRunningLead Manager g

Issuer: Sabari Inn Limited Offering Type: IPO Offer Size: Rs.175.00 Cr. (Approx) ( pp ) Listing: BSE & NSE BRLM: Keynote

Sonear IndustriesLtd. BookRunningLead Manager g

Issuer: Sonear Industries Limited Offering Type: IPO Offer Size: Rs.70.00 Cr. (Approx.) ( pp ) Listing: BSE & NSE BRLM: Keynote Co-BRLM: PNB Investment Services Ltd.

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SomeofthePrestigiousTransactionsonHand
RIGHTSISSUE

Uniphos EnterprisesLtd. LeadManager

ElForgeLtd. LeadManager

Velan HotelsLtd. LeadManager

Issuer: Uniphos Enterprises Limited Offering Type: Rights Issue Amount raised: Rs.75.00 Cr. Listing: BSE & NSE Sole Lead Manager

Issuer: El Forge Ltd. Offering Type: Rights Issue Amount raised: Rs.12.94 Cr. Listing: BSE, NSE, ASE & MSE Sole Lead Manager

Issuer: Velan Hotels Ltd. Offering Type: Rights Issue Amount raised: Rs.65.00 Cr. Listing: BSE Sole Lead Manager

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FCCB/GDRISSUES

Issuer: Simbhaoli SugarsLimited

Issuer: Gitanjali GemsLimited

Issuer: Indowind EnergyLimited Segment:RenewableEnergy Generationofwindpower OfferingType: FCCB

Issuer:ZenithInfotech Limited

Segment:Oneofthelargest integratedsugarcompanyin integrated sugar company in NorthernIndia OfferingType: FCCB

Segment:Largestmanufacturerof gems&Jewellery inIndia gems & Jewellery in India OfferingType: GDR

Segment:Information TechnologyRemote Technology Remote InfrastructureManagement OfferingType:FCCB Amountraised:US$50mn Listing:SingaporeStock Exchange

Amountraised: US$30mn Amountraised: US$180mn Listing:SingaporeStock Exchange

BuybackAmount: US$30mn Listing:LondonStockExchange

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ValuationCapabilities
Keynote has a experienced team of professionals for Valuation services.
Valuations for Acquisitions
Domestic Acquisitions Crossborder Acquisitions by Indian companies

Valuations for Mergers and Acquisitions

Swap Ratios Fairness Opinions

Corporate Restructuring and Listing Requirements

Demergers Revocation of Trading Suspension

ESOP Valuations
Option Valuation

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RecentTransactions
V l ti Valuations

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RecentTransactions
ESOP

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RecentTransactions
ESOP

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PrivateEquityInvestorRelationships

Private Equity

Indivision

Real E R l Estate Investment Fund I F d

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Team

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ContactDetails

KEYNOTECORPORATESERVICESLIMITED 4th Floor,Balmer Lawrie Building, 5,J.N.HerediaMarg 5 J N Heredia Marg BallardEstate,Mumbai 400001.

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