Description

NSE circular regarding the proposed Offer for Sale of shares of Twamev Construction and Infrastructure Limited on August 04-05, 2025.

Summary

NSE has announced the proposed Offer for Sale (OFS) of shares of Twamev Construction and Infrastructure Limited scheduled for August 04-05, 2025. The OFS will be conducted through NSE’s eOFS platform with specific requirements for trading members and compliance procedures.

Key Points

  • OFS of up to 8.5 crore equity shares of face value Re. 1/- each
  • Floor price set at Rs. 30/- per share
  • Trading through eOFS platform at https://eofs.nseindia.com
  • Two series: IS (non-retail category) and RS (retail category for bids ≤ Rs 2 lacs)
  • Market lot of 1 equity share with tick size of Re. 0.01
  • Carry forward facility available for unallocated non-retail bids

Regulatory Changes

OFS implementation follows the Interoperability among Clearing Corporations scheme as per NSE circular NSE/CMTR/62927 dated July 12, 2024.

Compliance Requirements

  • Members must ensure compliant UCC of self (PRO) and clients are updated in UCI system one day prior to OFS bidding
  • Admin user IDs must be obtained through ENIT portal for members not yet having access
  • Sufficient collaterals required before initiating carry forward orders on T+1 day
  • UCCs identified as compliant by 22:00 hrs on previous day are permitted to trade

Important Dates

  • August 04, 2025: First day of OFS bidding (09:15 hrs to 15:30 hrs)
  • August 05, 2025: Second day of OFS bidding with carry forward facility (09:15 hrs to 15:30 hrs)
  • Admin user ID requests processed at 11:00 AM, 2:00 PM, and 3:00 PM daily
  • Post 3:00 PM requests processed next day by 8:45 AM

Impact Assessment

Medium impact on capital market operations with specific requirements for trading members. The OFS provides investment opportunity in infrastructure sector while requiring enhanced compliance procedures. Members need to ensure system readiness and client UCC compliance to participate effectively.

Impact Justification

Medium-sized OFS offering with specific trading requirements for members