Description

BSE announces the schedule for the Offer to Buy (Takeover) of Indian Link Chain Manufacturers Ltd shares, running from October 23 to November 6, 2025, with an offer size of up to 7,93,000 equity shares at Rs. 71.00 per share.

Summary

BSE has announced the schedule for the Offer to Buy – Acquisition Window (Takeover) for Indian Link Chain Manufacturers Ltd (INLCM). The offer will be conducted from Thursday, October 23, 2025, to Thursday, November 6, 2025. The offer size is up to 7,93,000 equity shares at an offer price of Rs. 71.00 per share. Trading members and custodian members are instructed to follow the specified procedures for participation in the OTB module.

Key Points

  • Security Details: Indian Link Chain Manufacturers Ltd (Symbol: INLCM, ISIN: INE359D01024, Scrip Code: 504746)
  • Offer Size: Up to 7,93,000 equity shares
  • Offer Price: Rs. 71.00 per share
  • Face Value: Rs. 10.00
  • Market Lot: 1
  • Opening Date: Thursday, October 23, 2025
  • Closing Date: Thursday, November 6, 2025
  • Bid Offering Period: October 23 to November 6, 2025 (9:15 AM to 3:30 PM)
  • Give-up/Take-up Period: October 23 to November 4, 2025 (9:15 AM to 3:30 PM)
  • Last Day Give-up: November 6, 2025 (9:15 AM to 3:30 PM)
  • Last Day Take-up: November 6, 2025 (9:15 AM to 4:00 PM)

Regulatory Changes

No new regulatory changes. This circular provides operational instructions for an Offer to Buy (Takeover) transaction in accordance with existing takeover regulations.

Compliance Requirements

  • Trading Members and Custodian Members must note the schedule of activities for the OTB
  • UCC Registration: Trading members must ensure the Investor’s Unique Client Code (UCC) is registered and/or updated with correct PAN Number and Category in the Exchange UCC database
  • Demat Requirement: Trading members can only bid for investors having shares in demat form
  • Reference Circulars: Members should refer to Exchange Notices No. 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
  • File Access: Files for acceptance of bids will be available on Extranet after confirmation from Merchant Banker/RTA post-issue closure
  • No Securities Accepted: If no securities are accepted, no End of Issue files will be generated in Extranet

Important Dates

  • October 20, 2025: Notice date
  • October 23, 2025: Opening date for bid offering, give-up/take-up period begins
  • November 4, 2025: Last day for give-up/take-up (regular hours: 9:15 AM to 3:30 PM)
  • November 6, 2025: Closing date; last day for give-up (9:15 AM to 3:30 PM) and take-up (9:15 AM to 4:00 PM)

Impact Assessment

Market Impact: Low. This is a company-specific takeover offer affecting only shareholders of Indian Link Chain Manufacturers Ltd. The offer size of up to 7,93,000 shares is relatively small.

Operational Impact: Medium for trading members and custodians handling transactions for shareholders of INLCM. They must ensure proper UCC registration, access to iBBS/RTRMS platforms, and compliance with bidding procedures.

Investor Categories: The OTB is open to multiple investor categories including Foreign Institutional Investors (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs, Companies (CO), and Individuals (IND).

Platform Access: Members can access the OTB module through iBBS and RTRMS platforms via both internet and leased line URLs. Contact details for technical support and password resets are provided in the circular.

Impact Justification

Company-specific takeover offer with limited market-wide impact. Important for shareholders of Indian Link Chain Manufacturers Ltd and trading members facilitating the acquisition window.