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 with floor price of Rs. 32.50 per share.

Summary

BSE has announced the schedule for the Offer for Sale (OFS) of shares of TWAMEV CONSTRUCTION AND INFRASTRUCTURE LIMITED (Security Symbol: TICL, Security Code: 532738, ISIN: INE388G01026). The OFS will be conducted over two days: November 18, 2025 for Institutional/Mutual Fund/Others/Non-Institutional Investors and November 19, 2025 for Retail Investors and unallocated bidders from the previous day. The total offer size is 1,57,03,800 shares with 10% reserved for retail investors (15,70,380 shares). The floor price is set at Rs. 32.50 per share with a face value of Rs. 1 and allocation based on price priority method.

Key Points

  • Total Offer Size: 1,57,03,800 shares
  • Retail Offer Size: 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
  • Security Details: TICL (532738), ISIN: INE388G01026
  • Multiple bidding allowed across all categories
  • Retail investors can bid in RI, RIC, and/or NII categories up to Rs. 2 lakhs value

Regulatory Changes

No regulatory changes introduced. This circular provides operational details for a specific OFS transaction following existing BSE OFS framework.

Compliance Requirements

For Trading Members and Custodian Members:

  • Note the OFS schedule and ensure systems are configured for bidding
  • Access OFS modules through specified URLs (iBBS platform, RTRMS, Extranet)
  • For leased line access, refer to Exchange Circular No. 20170503-12
  • Ensure proper categorization of bids by investor type
  • Verify margin requirements: 100% upfront margin in cash for most categories, with 0% margin option available for institutional investors
  • Process give-up/take-up requests by specified deadlines (7:30 AM on T+1 and T+2)

For Investors:

  • Retail investors (bid value up to Rs. 2 lakhs) can use cash and cash equivalents as collateral
  • All other investors must use cash as collateral
  • Retail investors bidding in NII category are not eligible for any seller discount
  • If cumulative bid value exceeds Rs. 2 lakhs across exchanges in RI/RIC/NII categories, special provisions apply (content truncated)

Important Dates

November 18, 2025 (T Day):

  • Bid opening and closing for IC/MF/OTH/NII categories
  • Bid entry period: 9:15 AM to 3:30 PM
  • Bid modification and cancellation: 9:15 AM to 3:30 PM

November 19, 2025 (T+1 Day):

  • Give-up/Take-up for institutional investor 0% margin bids: Up to 7:30 AM
  • Bid opening and closing for RI/RIC categories and unallocated bidders from T Day
  • Bid entry period: 9:15 AM to 3:30 PM
  • Bid modification and cancellation: 9:15 AM to 3:30 PM

November 20, 2025 (T+2 Day):

  • Give-up/Take-up for institutional investor 0% margin bids: Up to 7:30 AM

Settlement Days:

  • T+1 for non-retail bids (November 19, 2025)
  • T+2 for retail investor bids (November 20, 2025)

Impact Assessment

Market Impact: Medium - The OFS of 1.57 crore shares represents a significant transaction for TWAMEV CONSTRUCTION AND INFRASTRUCTURE LIMITED. The two-day bidding structure with separate sessions for institutional and retail investors ensures orderly price discovery.

Operational Impact: Trading members must ensure their systems and processes are prepared for the OFS sessions on both days. The price priority allocation method means competitive bidding above the floor price of Rs. 32.50 will determine final allocation.

Investor Impact: Retail investors have dedicated access on T+1 day with the benefit of using cash equivalents as collateral. However, they must be aware that bidding in the NII category (above Rs. 2 lakhs value) disqualifies them from any seller discounts. Institutional investors have the flexibility of 0% margin bidding with settlement on T+2, though they must complete give-up/take-up by 7:30 AM deadlines.

Impact Justification

Company-specific OFS event with defined bidding schedule for institutional and retail investors. Material for TICL shareholders and potential investors but limited broader market impact.