Description

BSE announces the schedule of activities for the Offer for Sale (OFS) of 738,711 shares of East India Drums & Barrels Manufacturing Ltd with a floor price of Rs 125 per share, scheduled for January 14-19, 2026.

Summary

BSE has announced the schedule of activities for the Offer for Sale (OFS) of East India Drums & Barrels Manufacturing Limited (BSE Code: 523874, ISIN: INE191C01023). The offer comprises 738,711 shares with a floor price of Rs 125.00 per share. The OFS will be conducted through the iBBS platform over multiple days, with institutional bidding on January 14, 2026 (T Day) and retail bidding on January 16, 2026 (T+1 Day). The offer includes a 10% reservation for retail investors totaling 73,871 shares.

Key Points

  • Total offer size: 738,711 shares with floor price of Rs 125.00 per share (Face Value: Rs 10)
  • Retail reservation: 73,871 shares (10% of issue size)
  • Non-retail offer size: 664,840 shares
  • Allocation methodology: Price Priority Method
  • Market lot: 1 share with tick size of Rs 0.05
  • 100% upfront margin required for all categories (with 0% margin option for institutional investors)
  • Institutional bidding: January 14, 2026 (9:15 AM to 3:30 PM)
  • Retail bidding: January 16, 2026 (9:15 AM to 3:30 PM)
  • Trading platform: iBBS (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/)

Regulatory Changes

No regulatory changes are introduced. This circular announces a scheduled secondary market offering using the established OFS framework. The offering follows standard BSE procedures for offer-for-sale transactions with segregated bidding windows for institutional and retail investors.

Compliance Requirements

  • Investors must bid through the iBBS platform during designated time windows
  • 100% upfront margin required for all bid categories (except 0% margin option for IC/MF/OTHS)
  • Institutional investors (IC/MF/OTH/NII) must bid on T Day (January 14, 2026) between 9:15 AM and 3:30 PM
  • Retail investors (RI/RIC/EMP) must bid on T+1 Day (January 16, 2026) between 9:15 AM and 3:30 PM
  • Give up/Take up periods for 0% margin institutional bids: T+1 Day until 7:30 AM and T+2 Day until 7:30 AM
  • Retail investors bidding in the NII category are not eligible for any seller discount (if offered)
  • Investors can bid in multiple categories
  • Unallocated bidders from T Day can carry forward their bids to T+1 Day

Important Dates

  • T Day (January 14, 2026): Institutional bidding window - Bid entry, modification, and cancellation for IC/MF/OTH/NII (9:15 AM to 3:30 PM)
  • T+1 Day (January 16, 2026):
    • Give up/Take up for institutional 0% margin bids (until 7:30 AM)
    • Retail bidding window - Bid entry, modification, and cancellation for RI/RIC/EMP (9:15 AM to 3:30 PM)
  • T+2 Day (January 19, 2026): 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

The OFS of 738,711 shares represents a significant secondary market offering that may impact the trading dynamics and liquidity of East India Drums & Barrels Manufacturing Limited stock. The floor price of Rs 125 per share establishes a valuation benchmark for price discovery. The structured bidding process with separate windows for institutional and retail investors ensures fair participation, with retail investors receiving preferential treatment through a 10% reservation and a separate bidding day (T+1) to avoid direct competition with institutional investors. The price priority allocation method ensures distribution based on bid prices rather than timing, promoting fair price discovery. Market participants should monitor the offer’s subscription levels and pricing to assess investor sentiment toward the company.

Impact Justification

The OFS of 738,711 shares represents a significant secondary market offering that may impact stock liquidity and trading dynamics. The structured bidding process with retail reservation ensures broader market participation.