Description

Schedule of activities for the takeover offer of Bhairav Enterprises Limited through acquisition window from October 9-24, 2025, with offer price of Rs. 19.00 per share for up to 2,60,000 equity shares.

Summary

BSE has announced the schedule of activities for the Offer to Buy through Acquisition Window (Takeover) for shares of Bhairav Enterprises Limited. The offer will be live from Thursday, October 9, 2025, to Friday, October 24, 2025. The offer is for up to 2,60,000 equity shares at an offer price of Rs. 19.00 per share. Trading Members and Custodian Members are requested to note the detailed schedule and operational guidelines.

Key Points

  • Security Name: Bhairav Enterprises Limited
  • Security Symbol: BHAIRAV
  • ISIN: INE842E01019
  • Scrip Code: 205485
  • Offer Size: Up to 2,60,000 equity shares
  • Face Value: Rs. 10.00
  • Offer Price: Rs. 19.00 per share
  • Market Lot: 1
  • Opening Date: Thursday, October 9, 2025
  • Closing Date: Friday, October 24, 2025
  • Bid Offering Period: October 9-24, 2025 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: October 9-24, 2025 (9:15 AM to 3:30 PM)
  • Give-up Last Day: October 20, 2025 (9:15 AM to 3:30 PM)
  • Take-up Last Day: October 20, 2025 (9:15 AM to 4:00 PM)

Regulatory Changes

No new regulatory changes introduced. This circular provides operational instructions for an upcoming takeover offer following existing OTB framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members must ensure UCC of the investor is registered and/or updated with correct PAN Number and Category in the Exchange UCC database
  • Trading Members can bid only for investors having shares in demat form
  • Members and Custodians should note that if no securities are accepted, no End of Issue files will be generated in Extranet
  • Members must refer to Exchange Notices 20150930-1 and 20170203-29 for operational instructions for participation in OTB

Important Dates

  • Offer Opening Date: October 9, 2025
  • Offer Closing Date: October 24, 2025
  • Last Date for Give-up: October 20, 2025
  • Last Date for Take-up: October 20, 2025 (extended till 4:00 PM)
  • Session Timings: 9:15 AM to 3:30 PM (9:15 AM to 4:00 PM for take-up on last day)

Bidding Categories

  • Foreign Institutional Buyer (FII)
  • Financial Institution (FI)
  • Mutual Fund (MF)
  • Insurance Companies (IC)
  • Other QIBs (OTH)
  • Other NIB (NOH)
  • Company (CO)
  • Individual (IND)

Platform Access Details

iBBS Platform:

RTRMS Platform:

Extranet for Files:

Contact Information

For Login IDs and Password Reset:

For OTB Module Support:

Impact Assessment

This takeover offer has limited market-wide impact as it is specific to Bhairav Enterprises Limited shareholders. The offer size of 2,60,000 shares represents a relatively small acquisition. The impact is primarily on:

  1. Existing Shareholders: Opportunity to exit at Rs. 19.00 per share (premium of Rs. 9.00 over face value)
  2. Trading Members: Need to facilitate client participation through OTB module
  3. Market Operations: Standard OTB window operations with no changes to existing processes

The offer provides liquidity to existing shareholders and follows established regulatory framework for takeover offers through acquisition window mechanism.

Impact Justification

Scheduled takeover offer for a specific company with limited offer size (2.6 lakh shares), affecting only shareholders of Bhairav Enterprises Limited. Medium importance for participants and shareholders of the specific scrip.