Description
NSE Clearing publishes settlement calendar and timings for the Offer for Sale of Twamev Construction shares scheduled for August 4-6, 2025.
Summary
NSE Clearing Limited has published the settlement calendar for the Offer for Sale (OFS) of shares of Twamev Construction and Infrastructure Limited. The OFS will be conducted on August 4-5, 2025, with settlements following existing secondary market transaction rules.
Key Points
- Settlement follows existing secondary market transaction rules as per circular NCL/CMPT/67751 dated April 29, 2025
- Two categories: Non-Retail (IS) and Retail (RS) with different margin requirements
- Funds pay-in required by T+1 day at 11:00 AM
- Securities and funds pay-out on T+1 day by 01:30 PM
- Securities Transaction Tax (STT) and stamp duty collected on respective settlement days
Settlement Schedule
August 4, 2025 Orders:
- Non-Retail (100% margin): Settlement 2025114, confirmation by 3:30 PM, settles August 5
- Non-Retail (0% margin): Settlement 2025114, confirmation by 7:30 AM next day, settles August 5
August 5, 2025 Orders:
- Retail (100% margin): Settlement 2025115, settles August 6
- Non-Retail (100% margin): Settlement 2025115, confirmation by 3:30 PM, settles August 6
- Non-Retail (0% margin): Settlement 2025115, confirmation by 7:30 AM next day, settles August 6
Important Dates
- August 4, 2025: OFS order date (Non-Retail)
- August 5, 2025: OFS order date (Retail and Non-Retail), Settlement for August 4 orders
- August 6, 2025: Settlement for August 5 orders
Compliance Requirements
- Members/Custodians must follow custodial confirmation timings as specified
- Applicable STT and stamp duty must be collected on settlement days
- Contact helpdesk (1800 266 0050 Option 2) or ofs_ncl@nsccl.co.in for queries
Impact Assessment
This circular provides operational clarity for market participants in the Twamev Construction OFS, ensuring smooth settlement processes and proper fund/security movements according to established secondary market protocols.
Impact Justification
Important for participants in the OFS but limited to specific company transaction