Description
BSE announces the schedule for the delisting offer of Manphool Exports Limited shares from October 30 to November 6, 2025, with a floor price of Rs. 6.00 per share.
Summary
BSE has announced the schedule for the Offer to Buy – Acquisition Window (Delisting) for Manphool Exports Limited (MEL). The offer will be conducted from October 30, 2025, to November 6, 2025. The company is offering to acquire 5,90,070 equity shares at a floor price of Rs. 6.00 per share. Trading members and custodian members are required to follow the operational procedures for participation in the OTB process.
Key Points
- Security Name: Manphool Exports Limited (MEL)
- ISIN: INE831B01018
- Scrip Code: 999948
- Offer Size: 5,90,070 equity shares
- Floor Price: Rs. 6.00 per share
- Face Value: Rs. 10.00 per share
- Market Lot: 1
- Company Listing: Only listed at Calcutta Stock Exchange
- Bid Modification/Cancellation: Available only until November 4, 2025
- Trading Session Timings: 9:15 AM to 3:30 PM (Bid offering period extends to 4:00 PM on November 6 for take-up)
Regulatory Changes
No regulatory changes introduced. This circular provides operational guidance for the delisting process as per existing regulations referenced in Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (April 3, 2017).
Compliance Requirements
For Trading Members and Custodian Members:
- UCC Registration: Ensure the Unique Client Code (UCC) of the investor is registered and/or updated with correct PAN Number and Category in the Exchange UCC database
- Bidding Eligibility: Trading members can bid for investors having shares in both demat and physical form
- Platform Access: Use designated platforms for OTB activities:
- iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/)
- RTRMS (Internet: https://rtrms.bseindia.com/ or Leased Line: https://rtrmsll.bseindia.com/)
- Extranet for Files (Internet: https://member.bseindia.com/ or Leased Line: https://memberll.bseindia.com/)
- File Availability: Files on Extranet for acceptance of bids will be available only after confirmation is received from the Merchant Banker/RTA post-issue closure
- No Securities Accepted: If no securities are accepted, no End of Issue files will be generated in Extranet
Investor Categories for Bidding:
- Foreign Institutional Buyer (FII)
- Financial Institution (FI)
- Mutual Fund (MF)
- Insurance Companies (IC)
- Other QIBs (OTH)
- Other NIB (NOH)
- Company (CO)
- Individual (IND)
Important Dates
| Activity | Date | Time |
|---|---|---|
| Opening Date | October 30, 2025 | 9:15 AM |
| Closing Date | November 6, 2025 | 3:30 PM |
| Bid Offering Period | October 30 - November 6, 2025 | 9:15 AM - 3:30 PM |
| Bid Modification and Cancellation | October 30 - November 4, 2025 | 9:15 AM - 3:30 PM |
| Give-up / Take-up | October 30 - November 4, 2025 | 9:15 AM - 3:30 PM |
| Give-up (Final Day) | November 6, 2025 | 9:15 AM - 3:30 PM |
| Take-up (Final Day) | November 6, 2025 | 9:15 AM - 4:00 PM |
Note: All dates are trade days of the secondary market in the Equity segment.
Impact Assessment
Market Impact: Low
The delisting offer for Manphool Exports Limited has limited market-wide impact as:
- Limited Exchange Listing: The company is only listed on Calcutta Stock Exchange, not on BSE’s main trading platform
- Small Offer Size: The offer involves only 5,90,070 equity shares
- Company-Specific Event: This is a voluntary delisting affecting only existing shareholders of MEL
- Low Floor Price: At Rs. 6.00 per share, the total offer value is approximately Rs. 35.4 lakhs, indicating a small-cap delisting
Operational Impact: Medium
For trading members and custodians handling MEL shareholders:
- Requires coordination with clients holding MEL shares
- Technical setup needed to access OTB platforms (iBBS, RTRMS)
- UCC database updates may be required
- Time-bound activity requiring attention during the 6-day offer period
Contact Information
For technical support and queries:
- Trading Operations: 022-22728005, user.trdops@bseindia.com
- OTB Module Support: Sandeep Pujari (022-22728376), Rushi Bhoir (022-22728226), Hormazdiar Mobedji (022-22725626)
- Listing Sales: Mangesh Tayde (022-22728934), Rinkesh Gaikwad (022-22728179)
Impact Justification
Company-specific delisting offer with limited market impact as it is only listed on Calcutta Stock Exchange. Affects only shareholders of Manphool Exports Limited.