Description
Schedule of activities for Offer to Buy (Takeover) of VIP Industries Ltd shares through Acquisition Window from November 3-17, 2025 with offer price of Rs. 388 per share.
Summary
BSE has announced the schedule for the Offer to Buy (Acquisition Window) for VIP Industries Ltd shares. The offer will be conducted from November 3, 2025 to November 17, 2025, targeting up to 3,70,56,229 equity shares at an offer price of Rs. 388 per share. Trading members and custodian members can facilitate bids through the iBBS platform and RTRMS systems during specified session timings.
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 share
- Opening Date: Monday, November 3, 2025
- Closing Date: Monday, November 17, 2025
- Bid offering period runs from 9:15 AM to 3:30 PM daily
- Give-up/Take-up facility available during specified periods
- Multiple investor categories eligible: FII, FI, MF, IC, Other QIBs, Companies, and Individuals
Regulatory Changes
No new regulatory changes introduced. This circular follows existing OTB framework as per Exchange Notices No. 20150930-1 (September 30, 2015) and No. 20170203-29 (February 3, 2017).
Compliance Requirements
- Trading Members: Must ensure Unique Client Code (UCC) of investors is registered/updated with correct PAN Number and Category in Exchange UCC database
- Eligibility: Trading members can only bid for investors having shares in demat form
- Platform Access: Members must use designated iBBS platform or RTRMS for bid submission
- File Handling: Members and custodians must access Extranet for acceptance files after issue closure and confirmation from Merchant Banker/RTA
- Login Credentials: Contact Trading Operations for new login IDs or password resets
Important Dates
| Activity | Start Date | End Date | Timing |
|---|---|---|---|
| Bid Offering Period | November 3, 2025 | November 17, 2025 | 9:15 AM - 3:30 PM |
| Give-up/Take-up | November 3, 2025 | November 14, 2025 | 9:15 AM - 3:30 PM |
| Give-up (last day) | November 17, 2025 | November 17, 2025 | 9:15 AM - 3:30 PM |
| Take-up (last day) | November 17, 2025 | November 17, 2025 | 9:15 AM - 4:00 PM |
Impact Assessment
Market Impact: Medium - The takeover offer for up to 3.7 crore shares of VIP Industries at Rs. 388 per share represents a significant acquisition activity. Shareholders of VIP Industries have a 15-day window to tender their shares.
Operational Impact: Trading members and custodians need to ensure their systems and UCC databases are updated for smooth participation. The offer is accessible through multiple platforms (Internet and Leased Line URLs) for iBBS, RTRMS, and Extranet.
Investor Categories: The offer is open to diverse investor categories including foreign institutional investors, financial institutions, mutual funds, insurance companies, other QIBs, companies, and individual investors, enabling broad participation in the takeover process.
Contact Support: BSE has provided comprehensive contact details for Trading Operations and Listing Sales teams to assist with technical and operational queries related to the OTB module.
Impact Justification
Scheduled takeover offer for VIP Industries with offer size up to 3.7 crore shares at Rs. 388 per share, relevant for shareholders and trading members participating in the acquisition window.