Description
Schedule of activities for Offer for Sale of 10,83,236 shares of Ironwood Education Limited on September 4-5, 2025
Summary
BSE announces the schedule for Offer for Sale of shares of Ironwood Education Limited (Security Code: 508918) scheduled for September 4-5, 2025. The OFS involves 10,83,236 shares with a floor price of Rs 36.10 per share, using proportionate allocation methodology.
Key Points
- Offer Size: 10,83,236 shares of Ironwood Education Limited
- Floor Price: Rs 36.10 per share
- Market Lot: 1 share
- Face Value: Rs 10 per share
- Retail Reservation: 10% (1,08,324 shares)
- Non-Retail Offer: 9,74,912 shares
- Allocation Method: Proportionate
Trading Schedule
Day 1 (September 4, 2025) - T Day:
- Institutional/Mutual Fund/Other/Non-Institutional Investor bidding: 9:15 AM to 3:30 PM
- Bid modification and cancellation allowed during same hours
Day 2 (September 5, 2025) - T+1 Day:
- Give up/Take up for institutional investors: Up to 7:30 AM
- Retail Investor bidding: 9:15 AM to 3:30 PM
- Bid modification and cancellation allowed during same hours
Bidding Categories
- Retail Investors (RI/RIC): Bid value up to Rs 2 lakhs, 100% upfront margin, settlement T+2
- Non-Institutional Investors (NII): Bid value above Rs 2 lakhs, 100% upfront margin, settlement T+1 or T+2
- Institutional Investors: Mutual Funds, Insurance Companies, Others - 100% or 0% margin options
Platform Access
- iBBS Platform: https://ibbs.bseindia.com/ (Internet) / https://ibbsll.bseindia.com/ (Leased Line)
- RTRMS: https://rtrms.bseindia.com/ (Internet) / https://rtrmsll.bseindia.com/ (Leased Line)
- Member Extranet: https://member.bseindia.com/ (Internet) / https://memberll.bseindia.com/ (Leased Line)
Important Dates
- September 4, 2025: Institutional/Non-Institutional bidding day
- September 5, 2025: Retail investor bidding day and unallocated bid carryforward
- September 8, 2025: Give up/Take up deadline (T+2)
Impact Assessment
This OFS provides liquidity for existing shareholders of Ironwood Education Limited. The two-day structure allows different investor categories to participate with appropriate settlement cycles. Trading members and custodians need to ensure platform access and client preparation for the scheduled activities.
Impact Justification
Standard OFS activity with defined schedule and procedures for specific company