Description
BSE announces the schedule for Offer to Buy (Acquisition Window/Takeover) for SANMITRA COMMERCIAL LIMITED with offer period from January 6-19, 2026 at Rs. 15.00 per share for up to 1,49,76,000 equity shares.
Summary
BSE has notified trading members and custodian members about the Offer to Buy (Acquisition Window/Takeover) for SANMITRA COMMERCIAL LIMITED. The offer will run from January 6, 2026 to January 19, 2026, offering to acquire up to 1,49,76,000 equity shares at Rs. 15.00 per share. The circular provides comprehensive operational details including session timings, bidding categories, system access URLs, and contact information for technical support.
Key Points
- Security Details: SANMITRA COMMERCIAL LIMITED (Symbol: ZSANMCOM, ISIN: INE896J01014, Scrip Code: 512062)
- Offer Size: Up to 1,49,76,000 equity shares
- Offer Price: Rs. 15.00 per share (Face Value: Rs. 10.00)
- Market Lot: 1 share
- Offer Period: January 6, 2026 (Tuesday) to January 19, 2026 (Monday)
- Bid Offering Session: 9:15 AM to 3:30 PM daily during offer period
- Give-up/Take-up: Allowed from January 6-16, 2026 (9:15 AM to 3:30 PM)
- Last Day Give-up: January 19, 2026 (9:15 AM to 3:30 PM)
- Last Day Take-up: January 19, 2026 (9:15 AM to 4:00 PM - extended by 30 minutes)
- Bidding Categories: FII, FI, MF, IC, OTH, NOH, CO, IND
- Platform Access: iBBS, RTRMS, and Extranet via both Internet and Leased Line URLs
Regulatory Changes
No new regulatory changes introduced. This circular implements existing OTB framework as per previous Exchange Notices (20150930-1 dated September 30, 2015 and 20170203-29 dated February 3, 2017).
Compliance Requirements
- Trading Members: Must ensure investor UCC is registered/updated with correct PAN Number and Category in Exchange UCC database
- Bidding Eligibility: Trading members can only bid for investors holding shares in demat form
- Operational Reference: Members must follow operational instructions per Exchange Notices 20150930-1 and 20170203-29
- Platform Setup: Members using Leased Line URLs must refer to Exchange Circular 20170503-12 for access settings
- File Availability: End of Issue files on Extranet will only be generated if securities are accepted (confirmation from Merchant Banker/RTA required)
Important Dates
| Event | Date | Time |
|---|---|---|
| Offer Opening Date | January 6, 2026 (Tuesday) | 9:15 AM |
| Bid Offering Period | January 6-19, 2026 | 9:15 AM - 3:30 PM |
| Give-up/Take-up Period | January 6-16, 2026 | 9:15 AM - 3:30 PM |
| Give-up (Last Day) | January 19, 2026 | 9:15 AM - 3:30 PM |
| Take-up (Last Day) | January 19, 2026 | 9:15 AM - 4:00 PM |
| Offer Closing Date | January 19, 2026 (Monday) | 4:00 PM |
Impact Assessment
Market Impact: Limited to SANMITRA COMMERCIAL LIMITED shareholders and interested acquirers. No broader market implications.
Operational Impact: Trading members and custodians need to ensure their iBBS, RTRMS, and Extranet access is functional. UCC database must be updated for participating investors.
Investor Impact: Shareholders of SANMITRA COMMERCIAL LIMITED have a 14-day window (January 6-19, 2026) to participate in the offer at Rs. 15.00 per share, representing a 50% premium to face value.
Technical Support: Multiple contact points provided for login/password issues and OTB module queries through Trading Operations and Listing Sales teams (contact: 022-22728005, user.trdops@bseindia.com).
System Accessibility: Dual access mode (Internet and Leased Line) ensures redundancy for critical trading operations during the offer period.
Impact Justification
Corporate action affecting a single small-cap stock. Important for shareholders of SANMITRA COMMERCIAL LIMITED and participating trading members, but limited market-wide impact. Standard OTB procedure with clear operational guidelines.