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 for Offer for Sale (OFS) of shares in KEYSTONE REALTORS LIMITED (Symbol: RUSTOMJEE, Code: 543669). The OFS will offer 45,76,000 shares with a floor price of Rs 550 per share. Bidding for institutional and non-institutional investors will occur on October 15, 2025, while retail investors can bid on October 16, 2025. The offer includes 10% reservation for retail investors (4,57,600 shares) and 90% for non-retail investors (41,18,400 shares).

Key Points

  • Security Details: KEYSTONE REALTORS LIMITED (RUSTOMJEE), ISIN: INE263M01029, Scrip Code: 543669
  • 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) reserved for retail investors
  • Non-Retail Portion: 90% (41,18,400 shares)
  • Allocation Method: Price Priority Method
  • Retail Investor Definition: Individual investor with total bid value not exceeding Rs 2 lakhs

Regulatory Changes

No regulatory changes introduced. This circular provides operational details for an OFS transaction under existing framework.

Compliance Requirements

For Trading Members and Custodian Members:

  • Follow the specified bidding timelines for different investor categories
  • Use designated BSE platforms (iBBS, RTRMS, Extranet) for bid submission
  • Ensure proper margin requirements based on investor category
  • Process settlement as per T+1 or T+2 timelines depending on investor type

Investor Category Requirements:

  • Retail Investors (RI/RIC): 100% upfront margin in cash/cash equivalents, bid value up to Rs 2 lakhs
  • Non-Institutional Investors (NII): 100% upfront margin in cash
  • Institutional Investors (MF/IC/OTHS): Option for 100% margin or 0% margin in cash
  • Multiple bidding allowed
  • Retail investors can bid in RI, RIC, and/or NII categories
  • Retail investors bidding in NII category not eligible for seller discount (if any)

Important Dates

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

  • Bid Entry Period for IC/MF/OTH/NII: 9:15 AM to 3:30 PM
  • Bid Modification and Cancellation: 9:15 AM to 3:30 PM
  • Settlement: T+1 day

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

  • Give up/Take up for Institutional Investors (0% margin): Up to 7:30 AM
  • Bid Entry Period for RI/RIC: 9:15 AM to 3:30 PM
  • Bid Modification and Cancellation: 9:15 AM to 3:30 PM
  • Unallocated bidders from T day can carry forward bids
  • Settlement: T+2 day

October 17, 2025 (T+2 Day):

  • Give up/Take up: Up to 7:30 AM

Impact Assessment

Market Impact:

  • Moderate impact on KEYSTONE REALTORS LIMITED stock during OFS period
  • Supply of 45,76,000 shares may create temporary price pressure
  • Floor price of Rs 550 sets minimum transaction level

Operational Impact:

  • Trading members must ensure system readiness for OFS module
  • Different settlement cycles for retail (T+2) vs non-retail (T+1) investors require careful processing
  • Margin blocking requirements vary by investor category

Investor Impact:

  • Retail investors get dedicated day (T+1) for bidding with 10% reservation
  • Institutional investors have flexibility with 0% margin option
  • Multiple bidding allowed across categories
  • Price priority allocation method ensures competitive bidding

Impact Justification

Medium importance as it affects trading of a specific stock through OFS mechanism with defined investor categories and timelines