Description
BSE announces the schedule for acquisition window (takeover) of J B Chemicals & Pharmaceuticals Ltd shares from November 18 to December 1, 2025, with offer price of Rs. 1,639.18 per share for up to 4.17 crore equity shares.
Summary
BSE has notified trading members and custodian members about the Offer to Buy – Acquisition Window (Takeover) for J B Chemicals & Pharmaceuticals Ltd (JBCHEPHARM). The offer will be live from Tuesday, November 18, 2025 to Monday, December 1, 2025. The offer price is Rs. 1,639.18 per share for up to 4,17,45,264 equity shares with ISIN INE572A01036 and scrip code 506943.
Key Points
- Security: J B Chemicals & Pharmaceuticals Ltd (JBCHEPHARM)
- Offer Size: Up to 4,17,45,264 equity shares
- Offer Price: Rs. 1,639.18 per share
- Face Value: Rs. 1.00
- Market Lot: 1
- ISIN: INE572A01036
- Scrip Code: 506943
- Bid Offering Period: November 18, 2025 to December 1, 2025 (9:15 AM to 3:30 PM)
- Give-up/Take-up Period: November 18, 2025 to November 28, 2025 (9:15 AM to 3:30 PM)
- Last Day Give-up: December 1, 2025 (9:15 AM to 3:30 PM)
- Last Day Take-up: December 1, 2025 (9:15 AM to 4:00 PM)
Regulatory Changes
No regulatory changes introduced. This circular provides operational guidelines for participation in the OTB process as per existing framework outlined in Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017).
Compliance Requirements
- Trading Members: Must ensure UCC of investors is registered/updated with correct PAN Number and Category in Exchange UCC database
- Bidding Eligibility: Trading members can only bid for investors having shares in demat form
- Platform Access: Members must use iBBS platform (https://ibbs.bseindia.com/ or https://ibbsll.bseindia.com/ for leased line) and RTRMS (https://rtrms.bseindia.com/ or https://rtrmsll.bseindia.com/ for leased line)
- Extranet Access: Files for acceptance of bids available at https://member.bseindia.com/ or https://memberll.bseindia.com/ after confirmation from Merchant Banker/RTA post-issue closure
- No Empty Files: If no securities are accepted, no End of Issue files will be generated in Extranet
Important Dates
- Opening Date: Tuesday, November 18, 2025
- Closing Date: Monday, December 1, 2025
- Bid Offering Period: November 18 - December 1, 2025 (9:15 AM - 3:30 PM)
- Give-up/Take-up Period: November 18 - November 28, 2025 (9:15 AM - 3:30 PM)
- Last Day for Give-up: December 1, 2025 (9:15 AM - 3:30 PM)
- Last Day for Take-up: December 1, 2025 (9:15 AM - 4:00 PM extended)
Impact Assessment
Market Impact: High - The takeover offer involves up to 4.17 crore equity shares of J B Chemicals & Pharmaceuticals Ltd at Rs. 1,639.18 per share, representing a significant corporate action that could affect stock liquidity and price movement during the offer period.
Operational Impact: Trading members and custodians need to prepare systems and processes for the two-week OTB window. Multiple investor categories are eligible (FII, FI, MF, IC, Other QIBs, NOH, Company, Individual), requiring proper categorization and UCC management.
Investor Categories Eligible: Foreign Institutional Buyers (FII), Financial Institutions (FI), Mutual Funds (MF), Insurance Companies (IC), Other QIBs (OTH), Other NIB (NOH), Company (CO), and Individual (IND).
Technical Support: BSE has provided comprehensive contact details for iBBS, RTRMS, and Extranet support through Trading Operations team members including Sandeep Pujari (022-22728376), Rushi Bhoir (022-22728436), Hormazdiar Mobedji (022-22725626), Mangesh Tayde (022-22728846), and Rinkesh Gaikwad (022-22725046).
Impact Justification
Major takeover offer affecting up to 4.17 crore shares with specific trading windows and operational requirements for members and investors