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 for Offer for Sale (OFS) of shares of East India Drums and Barrels Manufacturing Ltd (Security Code: 523874, ISIN: INE191C01023). The OFS of 7,38,711 shares will be conducted on January 14, 2026 for Institutional/Non-Institutional investors and January 16, 2026 for Retail investors and employees, with a floor price of Rs 125 per share. Allocation will follow Price Priority Method with 10% reserved for retail investors.

Key Points

  • Offer size: 7,38,711 shares with floor price of Rs 125 per share
  • Retail reservation: 73,871 shares (10% of issue size)
  • Non-retail offer size: 6,64,840 shares
  • Market lot: 1 share, Tick size: Rs 0.05, Face value: Rs 10
  • Allocation methodology: Price Priority Method
  • Bidding for IC/MF/OTH/NII: January 14, 2026
  • Bidding for RI/RIC/EMP: January 16, 2026
  • Multiple bidding allowed across categories
  • Retail investors can bid in RI, RIC, and/or NII categories up to Rs 2 lakhs
  • 0% margin option available for institutional investors with T+1 settlement

Regulatory Changes

No regulatory changes introduced. This circular provides operational details for an OFS transaction under existing framework.

Compliance Requirements

  • Trading members and custodian members must note the OFS schedule
  • Retail investors (bid value up to Rs 2 lakhs) must provide 100% upfront margin in cash or cash equivalents
  • Employees (bid value up to Rs 5 lakhs) must provide 100% upfront margin in cash or cash equivalents
  • Non-institutional and institutional investors must provide 100% upfront margin in cash (or 0% margin option for institutional investors)
  • Access OFS module through specified URLs: iBBS platform, RTRMS, and Extranet for files
  • Give up/take up facility available on T+1 (January 16) by 7:30 AM for institutional investors with 0% margin bids
  • Retail investors bidding in NII category not eligible for seller discount (if any)

Important Dates

  • January 14, 2026 (T Day): Bid entry 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 investors by 7:30 AM
  • January 16, 2026 (T+1 Day): Bid entry for RI/RIC/EMP from 9:15 AM to 3:30 PM
  • January 19, 2026 (T+2 Day): Give up/take up for retail/employee bids by 7:30 AM
  • Settlement: T+1 for institutional/non-institutional, T+2 for retail/employee categories

Impact Assessment

Market Impact: Medium - The OFS involves 7,38,711 shares of East India Drums and Barrels Manufacturing Ltd, which will increase floating stock availability. The price priority allocation method ensures market-based price discovery.

Investor Impact: Retail investors benefit from 10% reservation and option to bid across multiple categories (RI/RIC/NII). Employees have higher bidding limit of Rs 5 lakhs versus Rs 2 lakhs for retail.

Operational Impact: Members need to ensure access to three different platforms (iBBS, RTRMS, Extranet) and manage different settlement cycles for different investor categories. Staggered bidding days (T and T+1) require careful coordination.

Impact Justification

Standard OFS announcement affecting single stock with defined bidding schedule and investor categories. Medium impact limited to shareholders and potential investors of East India Drums and Barrels Manufacturing Ltd.