Description

Schedule of activities for Offer for Sale of 3.35 crore shares (with green shoe option of additional 3.35 crore shares) of Hindustan Zinc Ltd on January 28-29, 2026.

Summary

BSE has announced the schedule for the Offer for Sale (OFS) of Hindustan Zinc Ltd shares. The base offer size is 3.35 crore shares with an additional oversubscription option of 3.35 crore shares, totaling 6.7 crore shares. Bidding for institutional/non-institutional investors will occur on January 28, 2026 (T day), while retail investors can bid on January 29, 2026 (T+1 day). The floor price is set at Rs. 685 per share with a market lot of 1 share.

Key Points

  • Security: HINDUSTAN ZINC LTD (Symbol: HINDZINC, Code: 500188, ISIN: INE267A01025)
  • Base Offer Size: 3,35,00,000 shares with oversubscription option of 3,35,00,000 shares
  • Total Offer Size: 6,70,00,000 shares (including green shoe)
  • Retail Reservation: 10% of issue size (33.5 lakh base + 33.5 lakh oversubscription)
  • Non-Retail Allocation: 3.015 crore base + 3.015 crore oversubscription shares
  • Floor Price: Rs. 685 per share
  • Face Value: Rs. 2 per share
  • Tick Size: Rs. 0.05
  • Market Lot: 1 share
  • Allocation Method: Price Priority Method
  • Seller may exercise oversubscription option by 5 PM on January 28, 2026

Regulatory Changes

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

Compliance Requirements

  • Trading Members and Custodian Members must note the bidding schedule and platform accessibility details
  • Different margin requirements apply based on investor category:
    • Retail Investors (bid value up to Rs. 2 lakhs): 100% upfront margin in cash/cash equivalents
    • Retail Investors (bid value above Rs. 2 lakhs): 100% upfront margin in cash, categorized as NII
    • Non-Institutional Investors: 100% upfront margin in cash
    • Institutional Investors (MF/IC/Others): Option of 100% margin or 0% margin with cash collateral
  • Un-allocated bidders on T day can carry forward bids to T+1 day
  • Give up/Take up facility available for institutional investors with 0% margin bids until 7:30 AM on T+1 and T+2

Important Dates

  • January 27, 2026: Circular notice date
  • January 28, 2026 (T Day):
    • Bid entry period for IC/MF/OTH/NII: 9:15 AM to 3:30 PM
    • Bid modification and cancellation allowed: 9:15 AM to 3:30 PM
    • Seller to inform about oversubscription exercise by 5:00 PM
  • January 29, 2026 (T+1 Day):
    • Give up/Take up for institutional investors: Until 7:30 AM
    • Bid entry period for RI/RIC: 9:15 AM to 3:30 PM
    • Bid modification and cancellation allowed: 9:15 AM to 3:30 PM
    • Un-allocated bidders from T day can participate
  • January 30, 2026 (T+2 Day): Give up/Take up for institutional investors until 7:30 AM
  • Settlement Days: T+1 for institutional/non-institutional, T+2 for retail investors

Impact Assessment

Market Impact: The OFS of up to 6.7 crore shares of Hindustan Zinc represents significant supply that could impact stock price and trading volumes. The floor price of Rs. 685 sets the minimum price threshold.

Investor Categories: Structured approach with staggered bidding - institutional and high-value retail investors bid first (T day), followed by regular retail investors (T+1 day), allowing price discovery and carry-forward options for un-allocated bids.

Liquidity Impact: The 10% retail reservation (67 lakh shares including green shoe) ensures retail participation while the bulk (6.03 crore shares) is available for institutional/non-institutional investors.

Operational Requirements: Members must ensure access to multiple platforms (iBBS, RTRMS, Extranet) via internet or leased line connections for bid submission and monitoring.

Impact Justification

Large-scale OFS of 6.7 crore shares (including green shoe) of major company with specific bidding schedules and margin requirements for different investor categories