Description

Schedule of activities for Offer for Sale of 75 lakh shares of Andhra Cements Ltd scheduled for January 9-13, 2026 with floor price of Rs 72.

Summary

BSE announces the schedule for Offer for Sale (OFS) of 75,00,000 shares of Andhra Cements Ltd (ACL, Scrip Code: 532141) with a floor price of Rs 72.00. The OFS will be conducted on January 9, 2026 for institutional and non-institutional investors, and January 12, 2026 for retail investors and employees. The offer includes 10% reservation for retail investors (7,50,000 shares) with price priority allocation methodology.

Key Points

  • Total offer size: 75,00,000 shares with face value Rs 10
  • Floor price: Rs 72.00 per share
  • Security Symbol: ACL (ISIN: INE666E01020, Scrip Code: 532141)
  • Retail reservation: 10% of issue size (7,50,000 shares)
  • Non-retail offer: 67,50,000 shares
  • Market lot: 1 share, Tick size: Rs 0.01
  • Allocation methodology: Price Priority Method
  • Multiple bidding allowed
  • iBBS platform and RTRMS accessible via internet and leased line

Bidding Categories and Margins

Institutional Investors (MF/IC/OTHS)

  • 100% upfront margin or 0% margin option
  • Cash collateral required
  • Bid day: T (Jan 9), Settlement: T+1/T+2

Non-Institutional Investors (NII)

  • 100% upfront margin in cash
  • Includes retail investors bidding above Rs 2 lakhs
  • Bid day: T (Jan 9), Settlement: T+1/T+2

Retail Investors (RI/RIC)

  • Bid value up to Rs 2 lakhs
  • 100% upfront margin (cash & cash equivalents)
  • Can bid at floor price or cut-off
  • Bid day: T+1 (Jan 12), Settlement: T+2
  • Eligible for discount if offered by seller

Employees (EMP)

  • Bid value up to Rs 5 lakhs
  • 100% upfront margin (cash & cash equivalents)
  • Bid day: T+1 (Jan 12), Settlement: T+2

Important Dates

January 9, 2026 (T Day)

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

January 12, 2026 (T+1 Day)

  • Give up/Take up (for institutional 0% margin bids): Up to 7:30 AM
  • Bid entry for RI/RIC/EMP: 9:15 AM to 3:30 PM
  • Bid modification and cancellation: 9:15 AM to 3:30 PM
  • Unallocated T-day bidders can carry forward bids

January 13, 2026 (T+2 Day)

  • Give up/Take up: Up to 7:30 AM
  • Settlement for T+1 day bids

Compliance Requirements

  • Trading members and custodian members must note the OFS schedule
  • Access OFS module through designated URLs (iBBS, RTRMS, Extranet)
  • For leased line URL settings, refer to Exchange Circular No. 20170503-12
  • Retail investors bidding in NII category not eligible for seller discount
  • If cumulative retail bid value across exchanges in RI/RIC/NII exceeds Rs 2 lakhs, specific rules apply
  • Unallocated bidders from T day can carry forward to T+1 day

Platform Access URLs

Impact Assessment

This OFS represents a significant secondary market offering of 75 lakh shares in Andhra Cements Ltd. The structured two-day bidding process ensures fair access across investor categories with institutional investors bidding on Day 1 and retail/employee investors on Day 2. The 10% retail reservation with discount eligibility provides preferential terms for smaller investors. The price priority allocation method favors higher bid prices, potentially driving price discovery above the Rs 72 floor price. Market participants should prepare adequate margin and access bidding platforms during specified windows.

Impact Justification

Significant OFS of 75 lakh shares with structured bidding schedule for institutional and retail investors over multiple days