Description
Schedule of activities for Offer for Sale of 75 lakh shares of Andhra Cements Limited on January 9 and 12, 2026, with floor price of Rs. 72.00 and detailed bidding timelines for different investor categories.
Summary
BSE has announced the schedule for Offer for Sale (OFS) of Andhra Cements Limited (ACL) shares. The OFS will be conducted on January 9, 2026 (T Day) for Institutional/Non-Institutional investors and January 12, 2026 (T+1 Day) for Retail investors and employees. The total offer size is 75,00,000 shares with a floor price of Rs. 72.00 per share. 10% of the issue (7,50,000 shares) is reserved for retail investors.
Key Points
- Security: Andhra Cements Limited (Symbol: ACL, Code: 532141, ISIN: INE666E01020)
- Total Offer Size: 75,00,000 shares
- Retail Reservation: 7,50,000 shares (10% of issue size)
- Non-Retail Offer Size: 67,50,000 shares
- Floor Price: Rs. 72.00 per share
- Face Value: Rs. 10.00 per share
- Market Lot: 1 share
- Tick Size: Rs. 0.01
- Allocation Method: Price Priority Method
- Bid Entry Period (IC/MF/OTH/NII): January 9, 2026 from 9:15 AM to 3:30 PM
- Bid Entry Period (RI/RIC/EMP): January 12, 2026 from 9:15 AM to 3:30 PM
- Multiple bidding allowed
- Retail investors can bid in RI, RIC and/or NII categories
Regulatory Changes
No regulatory changes. This is a standard OFS process notification following existing BSE OFS framework.
Compliance Requirements
For Trading Members and Custodian Members:
- Access OFS through designated URLs (iBBS platform, RTRMS, or Extranet)
- Internet URLs: https://ibbs.bseindia.com/, https://rtrms.bseindia.com/, https://member.bseindia.com/
- Leased Line URLs also available (refer to Exchange Circular No. 20170503-12)
- Process bids according to investor category and margin requirements
- Ensure proper categorization of bids (MF, IC, NII, RI, RIC, EMP, OTHS)
Margin Requirements:
- Retail Investors (RI/RIC): 100% upfront margin in cash and cash equivalents
- 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
- Institutional Investors (MF/IC/OTHS): 100% upfront margin in cash OR 0% margin option available
Investor Category Definitions:
- Retail Investor: Individual investor with total bid value not exceeding Rs. 2 lakhs
- Employee: Bid value up to Rs. 5 lakhs
- Retail investors bidding above Rs. 2 lakhs must bid in NII category
- If cumulative bid value across exchanges exceeds Rs. 2 lakhs in RI/RIC/NII categories combined, bids will be treated accordingly
- Retail investors bidding in NII category not eligible for any discount offered by sellers
Important Dates
T Day (January 9, 2026) - Thursday:
- Bid Entry Period for IC/MF/OTH/NII: 9:15 AM to 3:30 PM
- Bid Modification and Cancellation: 9:15 AM to 3:30 PM
- Settlement Day: T+1 (January 10, 2026)
T+1 Day (January 12, 2026) - Monday:
- Give up/Take up for Institutional Investors (0% margin bids): Until 7:30 AM
- Bid Entry Period for RI/RIC/EMP and unallocated bidders from T Day: 9:15 AM to 3:30 PM
- Bid Modification and Cancellation: 9:15 AM to 3:30 PM
- Settlement Day: T+2 (January 13, 2026)
T+2 Day (January 13, 2026) - Tuesday:
- Give up/Take up for Retail/Employee bids: Until 7:30 AM
- Settlement for T+1 day bids: T+2 (January 13, 2026)
Impact Assessment
Market Impact:
- Medium-sized OFS of 75 lakh shares likely to create temporary supply in Andhra Cements stock
- Floor price of Rs. 72.00 establishes minimum pricing for the offer
- Price discovery through price priority allocation method
Investor Impact:
- Retail investors have dedicated bidding day (T+1) with 10% reservation
- Opportunity for retail investors to participate at potentially discounted prices
- Institutional investors get first-mover advantage on T Day
- Unallocated institutional bidders can carry forward bids to T+1 day
- Employees get special category with higher bid limit (Rs. 5 lakhs vs Rs. 2 lakhs for retail)
Operational Impact:
- Two-day bidding process requires coordination across investor categories
- Multiple access platforms (Internet and Leased Line) ensure redundancy
- Settlement occurs on T+1 for institutional bids and T+2 for retail bids
- Trading members must manage different margin requirements for different investor categories
Impact Justification
Medium-sized OFS of 75 lakh shares with structured bidding process across two days affecting multiple investor categories