Description

Schedule of activities for Offer for Sale of 5,00,000 shares of DS Kulkarni Developers Ltd on December 5-9, 2025 with floor price of Rs 10.00 per share.

Summary

BSE has announced the schedule for Offer for Sale (OFS) of shares of DS Kulkarni Developers Ltd (Security Code: 523890, ISIN: INE891A01022). The OFS will be conducted on December 5, 2025 for institutional and non-institutional investors, and December 8, 2025 for retail investors. The total offer size is 5,00,000 shares at a floor price of Rs 10.00 per equity share, with 10% reserved for retail investors. All eligible bidders will be allotted shares at the floor price using proportionate allocation methodology.

Key Points

  • Offer Size: 5,00,000 shares (Non-Retail: 4,50,000 shares, Retail: 50,000 shares)
  • Floor Price: Rs 10.00 per equity share (Face Value: Rs 10/-)
  • Market Lot: 1 share
  • Tick Size: Rs 0.01
  • Allocation Method: Proportionate allocation at floor price of Rs 10.00
  • Security Symbol: DSKULKARNI
  • Security Code: 523890
  • ISIN: INE891A01022
  • Retail Reservation: 10% of issue size (50,000 shares)
  • Retail Definition: Individual investors with bid value up to Rs 2 lakhs
  • Multiple Bidding: Allowed

Regulatory Changes

No regulatory changes. This is a standard OFS procedure notification.

Compliance Requirements

For Trading Members and Custodian Members:

  • Note the OFS schedule and timings
  • Ensure proper access to OFS modules (iBBS, RTRMS, Extranet)
  • Follow specified bidding categories and margin requirements
  • Complete give-up/take-up activities within specified timeframes

Bidding Categories and Margin Requirements:

  • Retail Investors (RI/RIC): 100% upfront margin in cash and cash equivalents, bid value up to Rs 2 lakhs
  • Employees (EMP): 100% upfront margin in cash and cash equivalents, bid value up to Rs 5 lakhs
  • Non-Institutional Investors (NII): 100% upfront margin in cash (includes retail investors bidding above Rs 2 lakhs)
  • Institutional Investors (MF/IC/OTHS): Either 100% upfront margin in cash OR 0% margin option in cash

Platform Access URLs:

Important Notes:

  • Retail investors can bid in RI, RIC, and/or NII categories
  • Retail investors bidding in NII category are not eligible for discounts (if any)
  • Multiple bidding is allowed across categories

Important Dates

T Day - December 5, 2025 (Thursday):

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

T+1 Day - December 8, 2025 (Monday):

  • Give-up/Take-up for institutional investors (0% margin bids): Up to 7:30 AM
  • Bid opening for RI/RIC/EMP and un-allocated bidders: 9:15 AM
  • Bid closing for RI/RIC/EMP and un-allocated bidders: 3:30 PM
  • Bid modification and cancellation: 9:15 AM to 3:30 PM
  • Settlement day for T day institutional/non-institutional bids (100% margin)

T+2 Day - December 9, 2025 (Tuesday):

  • Give-up/Take-up for un-allocated bidders from T+1: Up to 7:30 AM
  • Settlement day for retail investors and T day institutional bids (0% margin)
  • Settlement day for T+1 carried forward non-retail bids

Impact Assessment

Market Impact: Low - This is a company-specific OFS of moderate size (5 lakh shares) with limited market-wide implications.

Investor Impact: Medium - Relevant for investors interested in DS Kulkarni Developers Ltd, particularly retail investors who have dedicated access on T+1 day with 10% reservation.

Operational Impact: Low to Medium - Trading members and custodians need to ensure system readiness and client awareness for the two-day bidding process with different investor categories on different days.

Liquidity Impact: The OFS provides an opportunity for existing shareholders to exit and new investors to enter at a fixed floor price of Rs 10.00, which matches the face value of the shares.

Impact Justification

Company-specific OFS event with limited market-wide impact, relevant primarily to investors interested in DS Kulkarni Developers Ltd shares