Description

BSE announces the opening of Offer for Sale for Ironwood Education Limited with bidding starting September 4, 2025.

Summary

BSE has announced the opening of Offer for Sale (OFS) for Ironwood Education Limited (Security Code: 508918). The offer comprises 10,83,236 shares at a floor price of Rs 36.10 per share, with bidding commencing on September 4, 2025. The offer includes retail reservation of 10% and follows a two-day bidding structure to accommodate different investor categories.

Key Points

  • Total offer size: 10,83,236 shares at floor price of Rs 36.10 per share
  • Retail investor reservation: 10% (1,08,324 shares) with bidding on T+1 day
  • Non-retail allocation: 9,74,912 shares with bidding starting T day
  • Proportionate allocation methodology will be applied
  • 100% upfront margin required for all investor categories
  • Multiple platform access available including iBBS, RTRMS, and Member Extranet

Trading Schedule

September 4, 2025 (T Day):

  • Institutional/Non-institutional investor bidding: 9:15 AM to 3:30 PM
  • Bid modification and cancellation allowed during trading hours

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 trading hours

Compliance Requirements

  • Market participants must ensure platform readiness and client preparation
  • Trading members and custodians need proper access to BSE trading platforms
  • Compliance with BSE OFS guidelines mandatory
  • Proper settlement procedures must be followed as per timeline
  • Disclosure requirements apply to all participants

Important Dates

  • September 4, 2025: OFS bidding opens for institutional/non-institutional investors
  • September 5, 2025: Retail investor bidding opens
  • September 8, 2025: Settlement completion (T+2)

Impact Assessment

The OFS provides existing shareholders with an exit opportunity while offering new investment avenues for retail and institutional investors. The structured two-day bidding format ensures appropriate settlement cycles for different investor categories. Expected increase in trading volumes during the offer period with medium impact on overall market liquidity.

Impact Justification

OFS provides liquidity and investment opportunities across investor categories with structured settlement timeline