Description

Coromandel International Limited to acquire up to 5.25 crore equity shares of NACL Industries at Rs. 76.70 per share through NSE's web-based bidding platform.

Summary

Coromandel International Limited will conduct a takeover offer for NACL Industries Limited through NSE’s web-based bidding platform. The offer targets up to 5,24,62,320 equity shares at a fixed price of Rs. 76.70 per share, utilizing the Tender Offer Scheme framework.

Key Points

  • Acquirer: Coromandel International Limited
  • Target: NACL Industries Limited (NACLIND)
  • Offer size: Up to 5,24,62,320 equity shares
  • Offer price: Rs. 76.70 per share (fixed price)
  • Face value: Re. 1 per share
  • Lot size: 1 equity share
  • ISIN: INE295D01020
  • Merchant Banker: JM Financial Limited
  • Registrar: Kfin Technologies Limited

Trading Parameters

  • Bidding platform: https://eipo.nseindia.com
  • Daily bidding hours: 9:15 AM to 3:30 PM
  • Custodial confirmation on closure day: 9:15 AM to 4:00 PM
  • Order modification and cancellation not permitted for takeover offers
  • All Capital Market segment trading members eligible to participate

Important Dates

  • Issue period: August 22, 2025 to September 8, 2025
  • Holiday exclusion: September 5, 2025 (Id-E-Milad)
  • Platform closure: September 8, 2025 at 4:00 PM for custodial confirmation

Bidding Categories

  • Foreign Institutional Investors (FII)
  • Mutual Funds (MF)
  • Insurance Companies (IC)
  • Banks & Financial Institutions (FI)
  • Other QIBs (OTH)
  • Bodies Corporate (CO)
  • Individuals (IND)
  • Other Non-Institutional Investors (NOH)

System Access

  • Existing IPO bidding platform users can use current credentials
  • New users must access admin terminal with User ID: Adminxxxxx (xxxxx = Member Code)
  • Members must create branches and users through admin terminal for participation

Impact Assessment

This takeover offer represents a significant corporate restructuring event that will impact NACL Industries shareholders and trading patterns. The mandatory use of NSE’s electronic platform ensures transparent price discovery and orderly execution of the acquisition process.

Impact Justification

Major corporate acquisition affecting 5.25 crore shares with specific bidding timeline and platform requirements for trading members