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 schedule of activities for Offer for Sale (OFS) of shares of East India Drums and Barrels Manufacturing Ltd. The OFS involves 7,38,711 shares with a floor price of Rs 125 per share. Bidding for Institutional/Non-Institutional investors opens on January 14, 2026, while Retail investors can bid on January 16, 2026. The allocation follows price priority method with 10% reservation for retail investors.

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 tick size of Rs 0.05
  • Face Value: Rs 10 per share, Market Lot: 1 share
  • Retail Reservation: 73,871 shares (10% of issue size)
  • Non-Retail Offer Size: 6,64,840 shares
  • Allocation Methodology: Price Priority Method
  • Bid Day for IC/MF/OTH/NII: January 14, 2026 (T Day)
  • Bid Day for RI/RIC/EMP: January 16, 2026 (T+1 Day)
  • Multiple bidding allowed across categories

Regulatory Changes

No regulatory changes. This is a standard OFS process notification.

Compliance Requirements

  • Trading Members and Custodian Members must note the OFS schedule and timings
  • Institutional Investors (MF/IC/OTHS) can bid on T Day (January 14) from 9:15 AM to 3:30 PM
  • Non-Institutional Investors (NII) including retail investors with bid value above Rs 2 lakhs can bid on T Day
  • Retail Investors (bid value up to Rs 2 lakhs) and Employees must bid on T+1 Day (January 16)
  • 100% upfront margin required for all categories except 0% margin option for institutional investors
  • Retail investors bidding in NII category not eligible for seller discount (if any)
  • Access OFS module via iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/)

Important Dates

  • January 14, 2026 (T Day): Bid entry, modification and cancellation period for IC/MF/OTH/NII from 9:15 AM to 3:30 PM
  • January 16, 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 from 9:15 AM to 3:30 PM
    • Unallocated bidders from T Day can carry forward bids
  • January 19, 2026 (T+2 Day): Give up/Take up period until 7:30 AM
  • Settlement: T+1 for IC/MF/OTHS/NII; T+2 for RI/RIC/EMP

Impact Assessment

Market Impact: Medium - The OFS of 7,38,711 shares represents a significant secondary market offering that may impact the stock’s trading dynamics and liquidity. The floor price of Rs 125 sets a benchmark for valuation.

Investor Categories Affected:

  • Mutual Funds (MF), Insurance Companies (IC), and Other Institutional Investors can participate on T Day with optional 0% margin facility
  • Non-Institutional Investors including HUF, Trusts, Body Corporates, PMS participants
  • Retail Investors (individuals with bids up to Rs 2 lakhs) get 10% reservation and can bid at cut-off price on T+1 Day
  • Employees can bid up to Rs 5 lakhs on T+1 Day

Operational Impact: Trading members must ensure system readiness for two-day bidding process with different investor categories on different days. The price priority allocation method ensures fair distribution based on bid prices rather than time priority.

Impact Justification

Medium importance OFS event with specific investor category participation schedule and allocation methodology affecting trading members and investors.