Description

Schedule of activities for the acquisition window (takeover) of VIP Industries Ltd shares, scheduled from November 4, 2025 to November 17, 2025, with an offer size of up to 3,70,56,229 equity shares at Rs. 388.00 per share.

Summary

BSE announces the schedule for the Offer to Buy – Acquisition Window (Takeover) for VIP Industries Ltd (VIPIND). The offer will be live from Tuesday, November 4, 2025 to Monday, November 17, 2025. The offer is for up to 3,70,56,229 equity shares at an offer price of Rs. 388.00 per share. Trading members and custodian members are required to note the operational schedule and procedures for participation in this takeover offer.

Key Points

  • Security: VIP Industries Ltd (Symbol: VIPIND, ISIN: INE054A01027, Scrip Code: 507880)
  • 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 4, 2025 to November 17, 2025
  • Bid Offering Period: 9:15 AM to 3:30 PM (all days)
  • Give-up/Take-up: Available from November 4 to November 14, 2025 (9:15 AM to 3:30 PM)
  • Last Day Give-up: November 17, 2025 (9:15 AM to 3:30 PM)
  • Last Day Take-up: November 17, 2025 (9:15 AM to 4:00 PM)
  • Bidding categories include FII, FI, Mutual Funds, Insurance Companies, Other QIBs, Other NIBs, Companies, and Individuals

Regulatory Changes

No new regulatory changes. This notice follows existing OTB framework as per Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).

Compliance Requirements

  • Trading Members: Must ensure investor UCC is registered and/or updated with correct PAN number and category in the Exchange UCC database
  • Bidding Eligibility: Trading members can only bid for investors having shares in demat form
  • Platform Access: Members must use designated iBBS, RTRMS, and Extranet platforms for bidding and file processing
  • Leased Line Access: Refer to Exchange Circular No. 20170503-12 for leased line URL settings
  • File Availability: Acceptance bid files on Extranet will be available only after confirmation is received 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

  • November 4, 2025: Offer opens; bid offering, give-up, and take-up begins
  • November 4-14, 2025: Give-up/take-up period (9:15 AM to 3:30 PM)
  • November 4-17, 2025: Bid offering period (9:15 AM to 3:30 PM)
  • November 17, 2025: Offer closes
    • Give-up: 9:15 AM to 3:30 PM
    • Take-up: 9:15 AM to 4:00 PM (extended by 30 minutes on last day)

Impact Assessment

Market Impact: High - This is a significant takeover offer involving over 3.7 crore shares of VIP Industries at a price of Rs. 388 per share, representing a substantial acquisition value. The 14-day offer window provides adequate time for shareholders to participate.

Operational Impact: High - Trading members and custodians need to ensure their systems and processes are ready for OTB participation. Members must verify UCC registrations, ensure access to iBBS/RTRMS platforms, and familiarize themselves with give-up/take-up procedures.

Investor Impact: High - Shareholders of VIP Industries Ltd holding shares in demat form have an opportunity to tender their shares at the offer price of Rs. 388. Investors must coordinate with their trading members during the specified timings to participate.

System Requirements: Members requiring new login IDs or password resets should contact Trading Operations at 022-22728005 or email user.trdops@bseindia.com. Technical support contacts are provided for iBBS OTB module queries.

Impact Justification

Major takeover offer for VIP Industries with significant offer size (3.7+ crore shares) at premium price of Rs. 388, requiring immediate action from trading members and investors during the specified 14-day window.