Description

Schedule of activities for Offer for Sale of 1,57,03,800 shares of TWAMEV CONSTRUCTION AND INFRASTRUCTURE LIMITED on November 18-19, 2025.

Summary

BSE announces the schedule for Offer for Sale (OFS) of shares of TWAMEV CONSTRUCTION AND INFRASTRUCTURE LIMITED. The OFS will be conducted over two days: November 18, 2025 (T Day) for Institutional/Non-Institutional investors and November 19, 2025 (T+1 Day) for Retail investors. Total offer size is 1,57,03,800 shares with 10% reserved for retail investors at a floor price of Rs. 32.50 per share.

Key Points

  • Security Details: TWAMEV CONSTRUCTION AND INFRASTRUCTURE LIMITED (Symbol: TICL, Code: 532738, ISIN: INE388G01026)
  • Total Offer Size: 1,57,03,800 shares
  • Retail Reservation: 15,70,380 shares (10% reserved for retail investors)
  • Non-Retail Offer Size: 1,41,33,420 shares
  • Floor Price: Rs. 32.50 per share
  • Face Value: Rs. 1 per share
  • Market Lot: 1 share
  • Tick Size: Rs. 0.05
  • Allocation Method: Price Priority Method
  • Retail Investor Definition: Individual investor with total bid value not exceeding Rs. 2 lakhs

Bidding Schedule

Day 1 - November 18, 2025 (T Day)

  • Eligible Categories: Institutional Investors (IC/MF/OTHS) and Non-Institutional Investors (NII)
  • Bid Entry Period: 9:15 AM to 3:30 PM
  • Bid Modification/Cancellation: 9:15 AM to 3:30 PM

Day 2 - November 19, 2025 (T+1 Day)

  • Eligible Categories: Retail Investors (RI/RIC) and unallocated bidders from T Day carrying forward bids
  • Bid Entry Period: 9:15 AM to 3:30 PM
  • Bid Modification/Cancellation: 9:15 AM to 3:30 PM
  • Give up/Take up for IC bids: Until 7:30 AM on November 20, 2025 (T+2)

Investor Categories and Margin Requirements

Retail Investors (RI/RIC)

  • Eligibility: Individual, HUF, NRI with bid value up to Rs. 2 lakhs
  • Margin: 100% upfront margin
  • Collateral: Cash and Cash Equivalents
  • Settlement: T+2
  • Bidding Days: T+1 Day only

Non-Institutional Investors (NII)

  • Eligibility: Individual, HUF, Trust, Body Corporates, PMS with bid value above Rs. 2 lakhs
  • Margin: 100% upfront margin
  • Collateral: Cash
  • Settlement: T+1 (or T+2 if carried forward)
  • Bidding Days: T Day and T+1 Day

Institutional Investors (MF/IC/OTHS)

  • Categories: Mutual Funds, Insurance Companies, FII, FI, Banks
  • Margin Options: 100% upfront margin OR 0% margin
  • Collateral: Cash
  • Settlement: T+1 (or T+2 if carried forward)
  • Bidding Days: T Day and T+1 Day

Platform Access URLs

iBBS Platform

RTRMS

Extranet for Files

Important Notes

  • Multiple bidding is allowed
  • Retail investors can bid in RI, RIC, and/or NII categories
  • Retail investors bidding in NII category are not eligible for any discount offered by sellers
  • If cumulative bid value of retail investor across all categories exceeds Rs. 2 lakhs, bids in RI/RIC categories may be subject to special treatment
  • Unallocated bidders on T Day can choose to carry forward their bids to T+1 Day

Compliance Requirements

  • Trading members and custodian members must note the OFS schedule
  • Members must ensure proper margin collection as per investor category
  • Settlement obligations apply as per specified timelines (T+1 or T+2)
  • Access to trading platforms requires proper credentials and network setup

Important Dates

  • November 17, 2025: Circular notice date
  • November 18, 2025 (T Day): Bidding for IC/MF/OTH/NII categories (9:15 AM - 3:30 PM)
  • November 19, 2025 (T+1 Day): Bidding for RI/RIC and carry-forward bids (9:15 AM - 3:30 PM)
  • November 19, 2025: Give up/Take up deadline for T Day bids (until 7:30 AM)
  • November 20, 2025 (T+2): Give up/Take up deadline for T+1 Day institutional bids with 0% margin (until 7:30 AM)

Impact Assessment

This OFS provides an opportunity for various investor categories to acquire shares of TWAMEV CONSTRUCTION AND INFRASTRUCTURE LIMITED at a floor price of Rs. 32.50. The staggered bidding schedule allows retail investors a separate day (T+1) to participate, with 10% of the offer reserved for them. The price priority allocation method ensures fair distribution. Market participants should prepare necessary margin requirements and access credentials for the specified trading platforms. The two-day structure with carry-forward provision for unallocated bids provides flexibility for institutional and non-institutional investors.

Impact Justification

Specific OFS event for a single company with defined investor categories and bidding schedule; relevant for investors interested in TWAMEV shares