Description

Schedule of activities for IRONWOOD EDUCATION LIMITED's Offer for Sale on September 4-5, 2025 with detailed bidding categories and timelines.

Summary

BSE has announced the live activities schedule for IRONWOOD EDUCATION LIMITED’s Offer for Sale (OFS) scheduled for September 4-5, 2025. The OFS involves 10,83,236 shares with a floor price of Rs 36.10 per share, featuring separate bidding days for different investor categories.

Key Points

  • Total offer size: 10,83,236 shares of IRONWOOD EDUCATION LIMITED (Symbol: IRONWOOD, Code: 508918)
  • Floor price: Rs 36.10 per share with tick size of Rs 0.01
  • Retail reservation: 10% of issue size (1,08,324 shares) reserved for retail investors
  • Two-day bidding process: T day (Sep 4) for institutional/non-retail, T+1 day (Sep 5) for retail
  • Multiple bidding categories with different margin requirements
  • Proportionate allocation methodology

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading and Custodian Members must note the OFS schedule and bidding categories
  • Different margin requirements apply: 100% upfront margin for most categories, 0% margin option for institutional investors
  • Retail investors limited to Rs 2 lakh bid value to maintain retail category eligibility
  • Multiple bidding allowed across different categories
  • Settlement occurs T+1 for retail (RI/RIC) and T+1/T+2 for other categories

Important Dates

  • September 4, 2025 (T Day): Institutional/Non-retail bidding (9:15 AM - 3:30 PM)
  • September 5, 2025 (T+1 Day): Retail investor bidding (9:15 AM - 3:30 PM)
  • Give up/Take up deadlines: September 5 (up to 7:30 AM) and September 8 (up to 7:30 AM)
  • Settlement: T+1 to T+2 depending on investor category

Impact Assessment

Moderate market impact limited to IRONWOOD stock and participating investors. The structured two-day bidding process ensures orderly price discovery while providing retail investors dedicated access. The OFS size of over 10 lakh shares may create temporary liquidity and price movement in IRONWOOD shares during the bidding period.

Impact Justification

Standard OFS activity with clear schedule affecting specific stock trading