Description

Schedule of activities for Offer for Sale of 7,38,711 shares of East India Drums and Barrels Manufacturing Ltd on January 14 and 16, 2026 with floor price of Rs 125.

Summary

BSE announces the complete schedule for Offer for Sale (OFS) of shares of East India Drums and Barrels Manufacturing Ltd. The OFS consists of 7,38,711 shares with a floor price of Rs 125 per share. Bidding for Institutional Investors, Mutual Funds, and Non-Institutional Investors will be held on January 14, 2026, while Retail Investors and Employees can bid on January 16, 2026. The allocation will follow price priority method.

Key Points

  • Total offer size: 7,38,711 shares of East India Drums and Barrels Manufacturing Ltd (Security Code: 523874, ISIN: INE191C01023)
  • Floor price: Rs 125.00 per share with face value of Rs 10
  • Retail reservation: 10% of issue size (73,871 shares) reserved for retail investors
  • Non-retail offer size: 6,64,840 shares
  • Market lot: 1 share, Tick size: Rs 0.05
  • Allocation methodology: Price Priority Method
  • Bidding categories: Retail Investors (RI/RIC), Employees (EMP), Non-Institutional Investors (NII), Mutual Funds (MF), Insurance Companies (IC), and Others (OTHS)
  • Multiple bidding allowed for retail investors

Regulatory Changes

No regulatory changes introduced. This circular provides operational schedule for an upcoming OFS transaction.

Compliance Requirements

  • Trading Members and Custodian Members must note the OFS schedule and ensure systems are ready
  • Institutional Investors (IC/MF/OTH/NII) must place bids on T day (January 14, 2026)
  • Retail Investors (RI/RIC/EMP) must place bids on T+1 day (January 16, 2026)
  • Margin requirements vary by investor category:
    • Retail Investors (up to Rs 2 lakhs): 100% upfront margin (Cash & Cash Equivalents)
    • Employees (up to Rs 5 lakhs): 100% upfront margin (Cash & Cash Equivalents)
    • Non-Institutional Investors: 100% upfront margin (Cash only)
    • Institutional Investors: 100% upfront margin or 0% margin option (Cash only)
  • Access OFS module through specified URLs: iBBS platform, RTRMS, or Extranet for Files

Important Dates

  • January 14, 2026 (T Day): Bid opening and closing for IC/MF/OTH/NII categories (9:15 AM to 3:30 PM)
  • January 16, 2026 (T+1 Day):
    • Give up/Take up for Institutional Investors (up to 7:30 AM)
    • Bid opening and closing for RI/RIC/EMP categories (9:15 AM to 3:30 PM)
    • Unallocated bidders from T Day can carry forward bids
  • January 15, 2026 (T+1): Settlement day for bids placed on T day
  • January 19, 2026 (T+2): Give up/Take up deadline for retail investors; Settlement day for T+1 bids

Impact Assessment

Market Impact: Low to medium. The OFS of 7,38,711 shares will provide liquidity for East India Drums and Barrels Manufacturing Ltd stock. Price discovery will occur through competitive bidding process with Rs 125 floor price.

Operational Impact: Trading members and custodians need to ensure their systems are configured to access the OFS platform through specified URLs. Different bidding windows for institutional and retail investors require coordinated execution.

Investor Impact:

  • Retail investors (bid value up to Rs 2 lakhs) get dedicated 10% reservation and can bid on T+1 day with option to bid at cut-off price
  • Retail investors bidding above Rs 2 lakhs must bid in NII category and will not be eligible for any seller discount
  • Institutional investors have flexibility with 0% margin option and earlier bidding opportunity
  • Employees have dedicated category with bid limit up to Rs 5 lakhs

Impact Justification

Medium importance as it provides detailed schedule for OFS activity. Low impact as it affects only specific stock and limited investor participation in OFS process.