Description

Schedule of activities for Offer for Sale of 5,65,725 shares of AANCHAL ISPAT LTD on February 3-4, 2026, with floor price of Rs 50 per share.

Summary

BSE has announced the schedule for the Offer for Sale (OFS) of AANCHAL ISPAT LTD (Symbol: AANCHALISP, Code: 538812) shares. The OFS will take place on February 3-4, 2026, offering 5,65,725 shares at a floor price of Rs 50 per share. Institutional and non-institutional investors can bid on February 3 (T Day), while retail investors can bid on February 4 (T+1 Day), along with unallocated bidders from T Day who carry forward their bids.

Key Points

  • Total offer size: 5,65,725 shares (Face Value: Rs 10)
  • Floor price: Rs 50.00 per share
  • Retail reservation: 10% (56,573 shares) for retail investors
  • Non-retail allocation: 5,09,153 shares
  • Market lot: 1 share, Tick size: Rs 0.01
  • Allocation methodology: Price Priority Method
  • ISIN: INE322R01022
  • Security Code: 538812

Bidding Categories and Margins

Retail Investors (RI/RIC):

  • Bid value up to Rs 2 lakhs
  • 100% upfront margin required (cash and cash equivalents)
  • Bid day: T+1 (February 4, 2026)
  • Settlement: T+2 (February 5, 2026)
  • Option to bid in RI, RIC, and/or NII category
  • Discount eligibility (if offered by seller) only in RI/RIC categories

Non-Institutional Investors (NII):

  • Includes retail investors bidding above Rs 2 lakhs, individuals, HUF, trusts, body corporates, PMS
  • 100% upfront margin required (cash)
  • Bid day: T (February 3, 2026)
  • Settlement: T+1 or T+2

Institutional Investors (MF/IC/OTHS):

  • Mutual Funds, Insurance Companies, FIIs, FIs, Banks
  • Options: 100% upfront margin OR 0% margin (cash)
  • Bid day: T (February 3, 2026)
  • Settlement: T+1 or T+2
  • 0% margin bids eligible for give up/take up until 7:30 AM on T+2

Important Dates

  • February 3, 2026 (T Day): Bid opening for IC/MF/OTH/NII (9:15 AM to 3:30 PM)
  • February 4, 2026 (T+1 Day):
    • Give up/take up for institutional 0% margin bids (until 7:30 AM)
    • Bid opening for RI/RIC and unallocated T Day bidders (9:15 AM to 3:30 PM)
  • February 5, 2026 (T+2 Day): Give up/take up for institutional 0% margin bids (until 7:30 AM)

Session Timings

  • Bid entry period: 9:15 AM to 3:30 PM
  • Bid modification and cancellation: 9:15 AM to 3:30 PM
  • Give up/take up (institutional 0% margin): Until 7:30 AM on T+1 and T+2

OFS Module Access URLs

iBBS Platform:

RTRMS:

Extranet (Members & Custodians):

Compliance Requirements

  • Trading members and custodian members must note the schedule
  • Multiple bidding allowed
  • If cumulative bid value of retail investor across exchanges in RI/RIC/NII categories exceeds Rs 2 lakhs, bids in RI and RIC categories become ineligible
  • Retail investors bidding in NII category not eligible for seller discount (if any)
  • Leased Line URL settings: Refer to Exchange Circular No. 20170503-12

Impact Assessment

This OFS has limited market-wide impact as it is specific to AANCHAL ISPAT LTD. The offering size of 5.66 lakh shares at a floor price of Rs 50 represents a relatively small transaction. Impact is primarily on investors interested in this specific security. The structured bidding process with separate days for institutional and retail investors ensures orderly price discovery.

Impact Justification

Company-specific OFS event with limited market-wide impact, primarily relevant to investors interested in AANCHAL ISPAT LTD