Description
Settlement schedule and timings for the offer for sale of India Cements Limited shares with different categories and margin requirements.
Summary
NSE Clearing Limited has issued the settlement calendar for the Offer for Sale of shares of The India Cements Limited. The circular provides detailed settlement schedules for different categories (Retail and Non-Retail) with varying margin requirements and confirmation timelines.
Key Points
- Settlement follows existing rules for secondary market transactions
- Different settlement numbers (2025126 and 2025127) for different order dates
- Separate categories for Retail (RS) and Non-Retail (IS) investors
- Margin requirements vary from 0% to 100% based on category
- Custodial confirmation required for certain categories
Settlement Schedule
Settlement 2025126 (Order Date: 21-Aug-2025)
- IS (Non Retail) 100% margin: Settlement on 22-Aug-2025
- IS (Non Retail) 0% margin: Settlement on 22-Aug-2025
Settlement 2025127 (Order Date: 22-Aug-2025)
- RS (Retail) 100% margin: Settlement on 25-Aug-2025
- IS (Non Retail) 100% margin: Settlement on 25-Aug-2025
- IS (Non Retail) 0% margin: Settlement on 25-Aug-2025
Settlement Timings
- Funds Pay-in: T+1 day by 11:00 AM
- Securities & Funds Pay-out: T+1 day by 01:30 PM
- Custodial Confirmation: 03:30 PM (for applicable categories)
Compliance Requirements
- Members and custodians must adhere to settlement calendar
- Securities transaction tax (STT) and stamp duty collection on respective settlement days
- Custodial confirmation required for specific categories within prescribed timelines
Important Dates
- Order Dates: 21-Aug-2025 and 22-Aug-2025
- Settlement Dates: 22-Aug-2025 and 25-Aug-2025
- Reference Circular: NCL/CMPT/67751 dated April 29, 2025
Impact Assessment
Medium impact on trading participants involved in the India Cements Limited offer for sale. The structured settlement calendar ensures orderly processing of transactions across different investor categories with appropriate risk management through margin requirements.
Impact Justification
Specific settlement procedures for offer for sale affecting trading participants and investors