Description

Schedule of activities for Offer for Sale of INDIGRID INFRASTRUCTURE TRUST shares on February 5-6, 2026, with base offer size of 4.36 crore shares and oversubscription option.

Summary

BSE announces the Offer for Sale (OFS) schedule for INDIGRID INFRASTRUCTURE TRUST (Symbol: INDIGRID, Scrip Code: 540565, ISIN: INE219X23014) scheduled for February 5-6, 2026. The base offer size is 4,36,31,371 shares with an oversubscription option of 2,64,59,185 shares, totaling 7,00,90,556 shares. The floor price is Rs. 160.50 with allocation following the Price Priority Method.

Key Points

  • Total Offer Size: 4,36,31,371 shares (base) + 2,64,59,185 shares (oversubscription option) = 7,00,90,556 shares
  • Floor Price: Rs. 160.50 per share
  • Market Lot: 1 share
  • Tick Size: Rs. 0.05
  • Retail Reservation: 10% of issue size (43,63,137 base shares + 26,45,919 oversubscription = 70,09,056 shares)
  • Non-Retail Offer: 3,92,68,234 base shares + 2,38,13,267 oversubscription = 6,30,81,500 shares
  • Allocation Method: Price Priority Method
  • Seller can exercise oversubscription option by 5 PM on February 5, 2026

Regulatory Changes

No regulatory changes introduced. This is a standard OFS procedure notification.

Compliance Requirements

For Trading Members and Custodian Members:

  • Follow specified bidding timelines for different investor categories
  • Use designated OFS platforms: iBBS, RTRMS, and Extranet
  • Ensure proper margin requirements based on investor category
  • Process give-up/take-up requests within specified timeframes

Investor Category Requirements:

  • Retail Investors (RI/RIC): Bid value up to Rs. 2 lacs - 100% upfront margin in cash/cash equivalents
  • Non-Institutional Investors (NII): Bid value above Rs. 2 lacs - 100% upfront margin in cash
  • Institutional Investors (MF/IC/OTHS): Option for 100% margin or 0% margin (with T+1 settlement)

Important Dates

February 5, 2026 (T Day):

  • Bid entry for IC/MF/OTH/NII: 9:15 AM to 3:30 PM
  • Bid modification and cancellation: 9:15 AM to 3:30 PM
  • Seller to intimate oversubscription exercise: By 5:00 PM

February 6, 2026 (T+1 Day):

  • Give-up/Take-up for institutional 0% margin bids: Until 7:30 AM
  • Bid entry for RI/RIC and unallocated T-day bidders: 9:15 AM to 3:30 PM
  • Bid modification and cancellation: 9:15 AM to 3:30 PM

February 9, 2026 (T+2 Day):

  • Give-up/Take-up for institutional 0% margin bids: Until 7:30 AM

Impact Assessment

Market Impact:

  • Large block sale of 4.36-7 crore shares may impact INDIGRID trading volumes
  • Floor price of Rs. 160.50 provides reference point for pricing
  • Retail participation capped at 10% ensures institutional focus

Operational Impact:

  • Members must ensure platform access through internet or leased line URLs
  • Different settlement cycles (T+1 for retail, T+1/T+2 for institutional) require operational coordination
  • Margin requirements vary by investor category, necessitating proper client classification
  • Carry-forward option for unallocated T-day bidders adds complexity to T+1 processing

Investor Impact:

  • Retail investors get dedicated bidding day (T+1) with 10% reservation
  • Institutional investors with 0% margin facility have give-up/take-up flexibility
  • Price priority allocation method favors aggressive bidders

Impact Justification

Standard OFS activity for an InvIT with clear timelines and procedures for different investor categories