Description

Schedule of activities for Offer for Sale of 45,76,000 shares of Keystone Realtors Limited (Rustomjee) scheduled for October 15-16, 2025 with floor price of Rs. 550.

Summary

BSE has announced the schedule of activities for the Offer for Sale (OFS) of shares of Keystone Realtors Limited (Symbol: RUSTOMJEE, Code: 543669). The OFS will take place on October 15-16, 2025, offering 45,76,000 shares at a floor price of Rs. 550 per share. The offering includes 10% reservation for retail investors (4,57,600 shares) and 90% for non-retail investors (41,18,400 shares). Allocation will follow price priority method.

Key Points

  • Security: Keystone Realtors Limited (RUSTOMJEE)
  • Security Code: 543669, ISIN: INE263M01029
  • Total Offer Size: 45,76,000 shares
  • Floor Price: Rs. 550.00 per share
  • Face Value: Rs. 10 per share
  • Market Lot: 1 share
  • Tick Size: Rs. 0.05
  • Retail Reservation: 10% (4,57,600 shares) for bids up to Rs. 2 lakhs
  • Non-Retail Allocation: 90% (41,18,400 shares)
  • Allocation Method: Price Priority Method
  • Institutional/Non-Retail Bidding Day: October 15, 2025 (T Day)
  • Retail Bidding Day: October 16, 2025 (T+1 Day)

Bidding Categories and Requirements

Investor Categories:

  1. Retail Investors (RI/RIC): Individual, HUF, NRI with bid value up to Rs. 2 lakhs

    • 100% upfront margin in cash and cash equivalents
    • Bidding on T+1 day (October 16)
    • Settlement on T+2 (October 17)

  2. Non-Institutional Investors (NII): Individual, HUF, Trust, Body Corporates, PMS with bid value above Rs. 2 lakhs

    • 100% upfront margin in cash
    • Bidding on T day (October 15)
    • Settlement on T+1 (October 16)

  3. Institutional Investors: Mutual Funds (MF), Insurance Companies (IC), Others (FII, FI, Banks)

    • Options: 100% upfront margin OR 0% margin (both in cash)
    • Bidding on T day (October 15)
    • Settlement on T+1 (October 16)
    • 0% margin bids can participate in give-up/take-up on T+1 until 7:30 AM

Session Timings

October 15, 2025 (T Day) - Institutional/Non-Retail:

  • Bid Entry Period: 9:15 AM to 3:30 PM
  • Bid Modification/Cancellation: 9:15 AM to 3:30 PM

October 16, 2025 (T+1 Day) - Retail:

  • Give-up/Take-up (Institutional 0% margin only): Up to 7:30 AM
  • Bid Entry Period: 9:15 AM to 3:30 PM
  • Bid Modification/Cancellation: 9:15 AM to 3:30 PM

October 17, 2025 (T+2 Day):

  • Give-up/Take-up: Up to 7:30 AM

Platform Access URLs

iBBS Platform:

RTRMS:

Extranet for Files:

Important Guidelines

  • Retail Definition: Individual investor with total bid value not exceeding Rs. 2 lakhs
  • Multiple Bidding: Allowed across categories
  • Retail Bidding Options: Retail investors can bid in RI, RIC, and/or NII categories
  • Discount Eligibility: Retail investors bidding in NII category are not eligible for any discount offered by sellers
  • Category Shift: If cumulative bid value across exchanges exceeds Rs. 2 lakhs, bids in RI and RIC categories become ineligible
  • Carry Forward: Unallocated non-retail bidders from T day can carry forward bids to T+1 day

Compliance Requirements

  • Trading members and custodian members must note the schedule
  • Members should refer to Exchange Circular No. 20170503-12 for leased line access settings
  • Proper margin requirements must be maintained based on investor category
  • Settlement obligations must be met as per specified timelines

Important Dates

  • October 14, 2025: Circular notification date
  • October 15, 2025: Institutional/Non-Retail bidding day (T Day)
  • October 16, 2025: Retail bidding day (T+1 Day)
  • October 16, 2025: Settlement for institutional/non-retail (T+1)
  • October 17, 2025: Settlement for retail investors (T+2)

Impact Assessment

This OFS provides an opportunity for institutional and retail investors to acquire shares of Keystone Realtors Limited through the exchange platform. The structured two-day bidding process ensures orderly participation across investor categories. The price priority allocation method and retail reservation mechanism aim to balance institutional and retail investor access. Market participants should prepare necessary funds and margins according to their bidding category requirements.

Impact Justification

Standard OFS notification with detailed bidding schedule for specific company shares. Important for investors interested in Keystone Realtors but limited broader market impact.