Description
BSE announces the schedule for the Offer to Buy (Acquisition Window) for up to 69,24,902 equity shares of Hari Govind International Ltd at Rs. 17.00 per share, from October 16-31, 2025.
Summary
BSE has announced the schedule for the Offer to Buy – Acquisition Window (Takeover) for Hari Govind International Ltd (HARIGOV, Scrip Code: 531971, ISIN: INE167F01018). The offer is for up to 69,24,902 equity shares at an offer price of Rs. 17.00 per share, with the bidding period running from Thursday, October 16, 2025 to Friday, October 31, 2025. Trading Members and Custodian Members can participate through the iBBS and RTRMS platforms during specified session timings.
Key Points
- Security Details: Hari Govind International Ltd (Symbol: HARIGOV, Scrip Code: 531971, ISIN: INE167F01018)
- Offer Size: Up to 69,24,902 equity shares
- Offer Price: Rs. 17.00 per share
- Face Value: Rs. 10.00
- Market Lot: 1 share
- Opening Date: Thursday, October 16, 2025
- Closing Date: Friday, October 31, 2025
- Bid Offering Period: 9:15 AM to 3:30 PM (Oct 16-31, 2025)
- Give-up/Take-up Period: 9:15 AM to 3:30 PM (Oct 16-30, 2025)
- Last Day Give-up: 9:15 AM to 3:30 PM (Oct 31, 2025)
- Last Day Take-up: 9:15 AM to 4:00 PM (Oct 31, 2025)
- Eligible Categories: FII, FI, MF, IC, Other QIBs, Other NIB, Company, Individual
- Trading Members can bid only for investors having shares in demat form
Regulatory Changes
No regulatory changes. This circular provides operational guidelines for an upcoming takeover offer, following existing BSE procedures for Offer to Buy (OTB) as outlined in previous circulars dated September 30, 2015 (Notice No. 20150930-1) and February 3, 2017 (Notice No. 20170203-29).
Compliance Requirements
- Trading Members: Must ensure investor UCC (Unique Client Code) is registered and updated with correct PAN Number and Category in the Exchange UCC database
- Platform Access: Members must use iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/) and RTRMS (Internet: https://rtrms.bseindia.com/ or Leased Line: https://rtrmsll.bseindia.com/)
- Extranet Files: Members and Custodians to access Extranet (https://member.bseindia.com/ or https://memberll.bseindia.com/) for bid acceptance files after issue closure and confirmation from Merchant Banker/RTA
- Eligibility: Only investors holding shares in demat form can participate through Trading Members
- Login Credentials: Members needing new login IDs or password resets should contact Trading Operations at 022-22728005 or user.trdops@bseindia.com
- Note: If no securities are accepted, no End of Issue files will be generated in Extranet
Important Dates
- October 15, 2025: Notice date and circular issuance
- October 16, 2025: Opening date for bid offering period and give-up/take-up activities (9:15 AM)
- October 16-30, 2025: Bid offering, give-up and take-up period (9:15 AM - 3:30 PM daily)
- October 31, 2025: Closing date
- Bid offering: 9:15 AM - 3:30 PM
- Give-up (last day): 9:15 AM - 3:30 PM
- Take-up (last day): 9:15 AM - 4:00 PM (extended by 30 minutes)
Impact Assessment
Market Impact: Medium. This takeover offer impacts only shareholders of Hari Govind International Ltd (HARIGOV). The offer size of up to 69,24,902 shares at Rs. 17.00 per share represents a specific acquisition opportunity for existing shareholders.
Operational Impact: Trading Members and Custodian Members need to ensure their systems and processes are ready to handle OTB transactions through the iBBS and RTRMS platforms. Members must verify that investor UCCs are properly registered with correct PAN and category information before the opening date.
Investor Impact: Shareholders holding Hari Govind International Ltd shares in demat form have the opportunity to participate in this takeover offer at a fixed price of Rs. 17.00 per share during the 16-day bidding window. The offer provides liquidity and exit opportunity for existing shareholders.
Contact Points: BSE has provided comprehensive contact information for Trading Operations (Sandeep Pujari, Rushi Bhoir, Hormazdiar Mobedji) and Listing Sales (Mangesh Tayde, Rinkesh Gaikwad) teams for technical and operational support during the offer period.
Impact Justification
Stock-specific takeover offer with defined process for trading members and investors holding shares in demat form. Medium impact limited to shareholders of Hari Govind International Ltd.