Description
Schedule of activities for Offer for Sale of 5,65,725 shares of Aanchal Ispat Ltd on February 3-4, 2026 with bidding details for retail and institutional investors.
Summary
BSE announces the schedule for Offer for Sale (OFS) of shares of Aanchal Ispat Ltd (Symbol: AANCHALISP, Code: 538812, ISIN: INE322R01022). The OFS will be conducted on February 3-4, 2026, with a total offer size of 5,65,725 shares at a floor price of Rs 50.00 per share. The OFS follows a price priority allocation methodology with separate bidding windows for institutional investors (Day 1) and retail investors (Day 2).
Key Points
- Total Offer Size: 5,65,725 shares
- Retail Reservation: 10% (56,573 shares) reserved for retail investors
- Non-Retail Offer: 5,09,153 shares
- Floor Price: Rs 50.00 per share
- Face Value: Rs 10 per share
- Market Lot: 1 share
- Tick Size: Rs 0.01
- Allocation Method: Price Priority Method
- Retail Investor Definition: Individual investor with bid value not exceeding Rs 2 lakhs
- Multiple Bidding: Allowed across categories
Bidding Categories and Margin Requirements
Institutional Investors (MF/IC/OTHS)
- Bidding Day: February 3, 2026 (T Day)
- Margin Options: 100% upfront cash OR 0% margin (cash)
- Settlement: T+1 or T+2
Non-Institutional Investors (NII)
- Bidding Day: February 3, 2026 (T Day)
- Margin: 100% upfront cash
- Settlement: T+1 or T+2
- Includes: Individuals, HUF, Trusts, Body Corporates, PMS with bid value above Rs 2 lakhs
Retail Investors (RI/RIC)
- Bidding Day: February 4, 2026 (T+1 Day)
- Margin: 100% upfront (cash and cash equivalents)
- Settlement: T+2
- Categories: RI (specific price) and RIC (cut-off price)
- Bid Limit: Up to Rs 2 lakhs cumulative across all exchanges
Session Timings
Day 1 - February 3, 2026 (T Day)
- Bid Entry (IC/MF/OTH/NII): 9:15 AM to 3:30 PM
- Bid Modification/Cancellation: 9:15 AM to 3:30 PM
Day 2 - February 4, 2026 (T+1 Day)
- Give Up/Take Up (Institutional 0% margin): Up to 7:30 AM
- Bid Entry (RI/RIC): 9:15 AM to 3:30 PM
- Bid Modification/Cancellation: 9:15 AM to 3:30 PM
Day 3 - February 5, 2026 (T+2 Day)
- Give Up/Take Up (Institutional 0% margin): Up to 7:30 AM
Platform Access URLs
iBBS Platform
- Internet: https://ibbs.bseindia.com/
- Leased Line: https://ibbsll.bseindia.com/
RTRMS Platform
- Internet: https://rtrms.bseindia.com/
- Leased Line: https://rtrmsll.bseindia.com/
Extranet (Members & Custodians)
- Internet: https://member.bseindia.com/
- Leased Line: https://memberll.bseindia.com/
Important Compliance Notes
- Retail Investor Eligibility: Retail investors can bid in RI, RIC, and/or NII categories
- Category Restrictions: If cumulative bid value across exchanges exceeds Rs 2 lakhs, bids in RI and RIC categories become ineligible
- Discount Eligibility: Retail investors bidding in NII category are not eligible for any seller discount
- Carry Forward Option: Unallocated bidders on T Day can carry forward bids to T+1 Day
- Leased Line Setup: Refer to Exchange Circular No. 20170503-12 for leased line access configuration
Important Dates
- February 3, 2026: Institutional and Non-Institutional bidding (T Day)
- February 4, 2026: Retail investor bidding and carry forward bids (T+1 Day)
- February 5, 2026: Final settlement for carried forward institutional bids (T+2 Day)
Impact Assessment
This is a routine OFS transaction with limited market-wide impact. The offering size of 5.66 lakh shares at Rs 50 floor price represents a total value of approximately Rs 2.83 crores. The structured approach with separate bidding days for institutional and retail investors ensures orderly price discovery. Trading members and custodians should ensure their systems are configured for OFS module access and that clients understand the eligibility criteria and bidding process.
Impact Justification
Routine OFS activity for a specific company with defined schedule and procedures. Medium importance for market participants interested in this security, low overall market impact.