Description
BSE announces the Offer to Buy (OTB) acquisition window schedule for Indo Borax and Chemicals Ltd (INDOBORAX), open from April 10 to April 24, 2026, at an offer price of Rs. 256.30 per share for up to 83,43,400 equity shares.
Summary
BSE has announced the live activities schedule for the Offer to Buy (OTB) – Acquisition Window (Takeover) for Indo Borax and Chemicals Ltd (Scrip Code: 524342, Symbol: INDOBORAX, ISIN: INE803D01021). The offer window is open from Friday, 10th April 2026 to Friday, 24th April 2026, with an offer price of Rs. 256.30 per share for up to 83,43,400 equity shares.
Key Points
- Security: Indo Borax and Chemicals Ltd | Symbol: INDOBORAX | Scrip Code: 524342 | ISIN: INE803D01021
- Offer size: Up to 83,43,400 equity shares (face value Rs. 1.00)
- Offer price: Rs. 256.30 per share
- Opening date: Friday, 10th April 2026
- Closing date: Friday, 24th April 2026
- Live OTB session timings: 9:15 a.m. to 3:30 p.m. daily
- Give-up (last day of offer): 9:15 a.m. to 3:30 p.m. on 23rd April 2026
- Take-up (last day of offer): 9:15 a.m. to 4:00 p.m. on 24th April 2026
- Bidding categories include: FII, FI, MF, IC, OTH (Other QIBs), NOH (Other NIB), CO (Company), IND (Individual)
- OTB platform accessible via iBBS: https://ibbs.bseindia.com/ (internet) or https://ibbsll.bseindia.com/ (leased line)
Regulatory Changes
No new regulatory changes introduced. This notice operates under the framework established by Exchange Notices 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for OTB operational instructions.
Compliance Requirements
- Trading Members must ensure investor UCC is registered and/or updated with correct PAN Number and Category in the Exchange UCC database.
- Trading Members may only bid for investors holding shares in demat form.
- Members and Custodians must note that if no securities are accepted, no End of Issue files will be generated on the Extranet.
- Extranet files for bid acceptance will be available only after the Exchange receives confirmation from the Merchant Banker/RTA post issue closure.
- For leased line URL configuration, members must refer to Exchange Circular No. 20170503-12.
Important Dates
| Event | Date | Timings |
|---|---|---|
| Offer Opening | Friday, 10th April 2026 | 9:15 a.m. – 3:30 p.m. |
| Bid Offering Period | 10th April – 24th April 2026 | 9:15 a.m. – 3:30 p.m. |
| Give-up Last Day | 23rd April 2026 | 9:15 a.m. – 3:30 p.m. |
| Take-up Last Day | 24th April 2026 | 9:15 a.m. – 4:00 p.m. |
| Offer Closing | Friday, 24th April 2026 | — |
Impact Assessment
This circular has high direct market impact on Indo Borax and Chemicals Ltd (INDOBORAX). The takeover acquisition window allows shareholders across all investor categories (retail, institutional, FII, MF, etc.) to tender up to 83,43,400 shares at a fixed price of Rs. 256.30. Trading members and custodians must operationally prepare their OTB platform access (iBBS/RTRMS), verify client UCC data, and manage bids within the defined session windows. The extended take-up session on the closing day (until 4:00 p.m.) warrants special attention. No broader market-wide regulatory impact; the circular is specific to this takeover event.
Impact Justification
This is a live takeover acquisition window announcement directly affecting trading in INDOBORAX shares, with a defined offer price, large share volume, and specific session timings requiring immediate action from trading members and custodians.