Description

Schedule of activities for Offer for Sale of 75 lakh shares of Andhra Cements Ltd on January 9 and 12, 2026, with detailed bidding timelines and investor categories.

Summary

BSE announces the complete schedule for Offer for Sale (OFS) of Andhra Cements Ltd (ACL) shares totaling 75 lakh shares. The OFS will be conducted in two phases: January 9, 2026 (T Day) for Institutional/Mutual Fund/Non-Institutional Investors, and January 12, 2026 (T+1 Day) for Retail Investors and Employees, with option for unallocated T Day bidders to carry forward bids.

Key Points

  • Total Offer Size: 75,00,000 shares of Andhra Cements Ltd
  • Security Code: 532141 | Symbol: ACL | ISIN: INE666E01020
  • Floor Price: Rs. 72.00 per share | Face Value: Rs. 10
  • Retail Reservation: 10% (7,50,000 shares) | Non-Retail: 67,50,000 shares
  • Market Lot: 1 share | Tick Size: Rs. 0.01
  • Allocation Method: Price Priority Method
  • T Day (Jan 9): IC/MF/OTH/NII bidding from 9:15 AM to 3:30 PM
  • T+1 Day (Jan 12): RI/RIC/EMP bidding from 9:15 AM to 3:30 PM
  • Give Up/Take Up: Available until 7:30 AM on T+1 and T+2 days
  • Settlement: T+1 for Non-Retail, T+2 for Retail/Employee categories

Regulatory Changes

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

Compliance Requirements

Trading Members and Custodian Members must:

  • Note the bidding schedule and investor category requirements
  • Ensure proper margin collection: 100% upfront margin (cash and cash equivalents for RI/RIC/EMP; cash only for NII/IC/MF; 0% margin option available for institutional investors)
  • Use designated BSE platforms: iBBS (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/) and RTRMS
  • Process retail investor bids (value up to Rs. 2 lakhs) on T+1 Day
  • Process employee bids (value up to Rs. 5 lakhs) on T+1 Day
  • Handle carry-forward bids from unallocated T Day bidders to T+1 Day
  • Ensure retail investors bidding above Rs. 2 lakhs are processed as NII category
  • Note that cumulative retail bids exceeding Rs. 2 lakhs across exchanges will have special treatment (circular content truncated)

Important Dates

  • January 9, 2026 (T Day): Bid entry, modification, and cancellation for IC/MF/OTH/NII (9:15 AM - 3:30 PM)
  • January 12, 2026 (T+1 Day):
    • Give up/Take up for institutional 0% margin bids (until 7:30 AM)
    • Bid entry, modification, and cancellation for RI/RIC/EMP and carried forward bids (9:15 AM - 3:30 PM)
  • January 13, 2026 (T+2 Day): Give up/Take up window (until 7:30 AM)
  • Settlement: T+1 (Jan 10) for Non-Retail; T+2 (Jan 13) for Retail/Employee

Impact Assessment

Market Impact: Medium - The OFS of 75 lakh shares represents a significant offering that will provide liquidity and price discovery for Andhra Cements Ltd shares. The two-day structure allows broader participation across investor categories.

Operational Impact: Trading members must coordinate bidding activities across two separate trading days for different investor categories, manage margin requirements (100% upfront for most categories), and handle potential carry-forward bids from T to T+1 day. The retail reservation of 10% ensures dedicated allocation opportunity for smaller investors. Multiple bidding is permitted, and retail investors have flexibility to bid in RI, RIC, and/or NII categories, though NII category bidders forfeit any seller discount.

Impact Justification

Medium importance OFS event affecting trading members and investors with specific participation windows for institutional and retail categories across two trading days