Description

NSE announces proposed Offer for Sale of Indosolar Limited shares on August 07-08, 2025 at Rs. 500 per share.

Summary

NSE announces the proposed Offer for Sale (OFS) of Indosolar Limited shares scheduled for August 07-08, 2025. Up to 12,50,000 equity shares with face value of Rs. 10 each will be offered at Rs. 500 per share through the eOFS platform.

Key Points

  • Issue size: Up to 12,50,000 equity shares of Rs. 10 face value each
  • Offer price: Rs. 500 per share
  • Trading symbol: WAAREEINDO
  • ISIN: INE866K01023
  • Market lot: 1 equity share
  • Tick size: Rs. 0.05
  • Two series available: IS (Non-retail) and RS (Retail - bid value ≤ Rs. 2 lacs)

Regulatory Changes

OFS implementation follows Interoperability among Clearing Corporations along with Exchange Scheme as per circular NSE/CMTR/62927 dated July 12, 2024.

Compliance Requirements

  • All eligible Capital Market segment trading members can participate via eOFS platform
  • Members must ensure compliant UCC of self (PRO) and clients are updated in UCI system one day prior to OFS bidding
  • UCCs updated on bidding day will not be permitted to participate
  • Members must ensure sufficient collaterals before carry forward orders on T+1
  • Admin user IDs must be obtained through ENIT portal if not already received

Important Dates

  • August 07, 2025: First bidding session (09:15 hrs to 15:30 hrs)
  • August 08, 2025: Second bidding session with carry forward option (09:15 hrs to 15:30 hrs)
  • 22:00 hrs previous day: UCC compliance verification deadline
  • Admin ID processing times: 11:00 AM, 2:00 PM, 3:00 PM (requests after 3:00 PM processed next day by 8:45 AM)

Impact Assessment

Medium impact on trading operations as it involves specific participation requirements for members and affects Indosolar Limited shareholders. The two-day OFS structure with carry forward mechanism may influence trading volumes and requires operational readiness from participating members. Platform access through eOFS at https://eofs.nseindia.com is mandatory for participation.

Impact Justification

Specific OFS announcement affecting trading members and Indosolar shareholders with clear participation guidelines