Description
Schedule of activities for takeover offer of VIP Industries Ltd shares from November 3-17, 2025, with offer size up to 3,70,56,229 equity shares at Rs. 388 per share.
Summary
BSE has announced the schedule for an Offer to Buy – Acquisition Window (Takeover) for VIP INDUSTRIES LTD (VIPIND, Scrip Code: 507880, ISIN: INE054A01027). The offer will be open from Monday, November 3, 2025, to Monday, November 17, 2025. The acquirer is offering to purchase up to 3,70,56,229 equity shares at Rs. 388 per share (face value Rs. 2). Trading members and custodian members must follow specified procedures for bid placement through iBBS and RTRMS platforms.
Key Points
- Security: VIP INDUSTRIES LTD (Symbol: VIPIND, Scrip Code: 507880)
- ISIN: INE054A01027
- Offer Size: Up to 3,70,56,229 equity shares
- Offer Price: Rs. 388.00 per share
- Face Value: Rs. 2.00
- Market Lot: 1
- Offer Period: November 3, 2025 to November 17, 2025
- Bid Offering Hours: 9:15 AM to 3:30 PM (daily during offer period)
- Last Day Take-up Extended: Until 4:00 PM on November 17, 2025
- Eligible Categories: FII, Financial Institutions, Mutual Funds, Insurance Companies, Other QIBs, NIBs, Companies, and Individuals
- Platform Access: iBBS and RTRMS (both Internet and Leased Line URLs provided)
Regulatory Changes
No new regulatory changes introduced. This circular provides operational implementation of existing takeover regulations through the Exchange’s Offer to Buy mechanism. Members must refer to previous Exchange Notices (20150930-1 dated September 30, 2015, and 20170203-29 dated February 3, 2017) for operational instructions.
Compliance Requirements
For Trading Members and Custodians:
- UCC Registration: Ensure Unique Client Code (UCC) of investors is registered and/or updated with correct PAN Number and Category in Exchange UCC database
- Demat Requirement: Trading members can only bid for investors having shares in demat form
- Platform Access: Use designated iBBS and RTRMS platforms for bid placement
- File Acceptance: Access Extranet for files when confirmation of acceptance is received from Merchant Banker/RTA after issue closure
- Note: If no securities are accepted, no End of Issue files will be generated in Extranet
Bidder Categories:
- Foreign Institutional Buyers (FII)
- Financial Institutions (FI)
- Mutual Funds (MF)
- Insurance Companies (IC)
- Other QIBs (OTH)
- Other NIBs (NOH)
- Companies (CO)
- Individuals (IND)
Important Dates
| Event | Date | Time |
|---|---|---|
| Offer Opening Date | November 3, 2025 | 9:15 AM |
| Bid Offering Period | November 3-17, 2025 | 9:15 AM - 3:30 PM |
| Give-up / Take-up Period | November 3-14, 2025 | 9:15 AM - 3:30 PM |
| Give-up (Last Day) | November 17, 2025 | 9:15 AM - 3:30 PM |
| Take-up (Last Day) | November 17, 2025 | 9:15 AM - 4:00 PM (extended) |
| Offer Closing Date | November 17, 2025 | 3:30 PM (bids), 4:00 PM (take-up) |
Impact Assessment
Market Impact:
- Magnitude: Significant takeover offer involving up to 3.7 crore shares of VIP Industries
- Price Impact: Offer price of Rs. 388 per share will serve as reference point for shareholders considering participation
- Liquidity: May temporarily affect trading volumes and liquidity in VIPIND stock during the offer period
Operational Impact:
- Trading Members: Must ensure systems and UCC database are updated for seamless bid processing
- Investors: Only demat shareholders can participate through their trading members
- Processing: 15-day window provides adequate time for bid placement and modification
- Technical: Multiple platform access points (Internet and Leased Line) ensure redundancy
Contact Information:
For technical support, members can contact Trading Operations and Listing Sales teams at specified phone numbers and email addresses (sandeep.pujari@bseindia.com, rushi.bhoir@bseindia.com, hormazdiar.mobedji@bseindia.com, mangesh.tayde@bseindia.com, rinkesh.gaikwad@bseindia.com).
Impact Justification
High importance due to significant takeover offer involving 3.7 crore shares. Medium impact as it affects specific stock holders and trading members participating in the acquisition window.