Description

NSE announces proposed Offer for Sale of India Cements Limited shares on August 21-22, 2025 with floor price of Rs. 368 per share.

Summary

NSE announces the proposed Offer for Sale (OFS) of The India Cements Limited shares scheduled for August 21-22, 2025. The OFS will offer up to 2,01,12,330 equity shares of face value Re 10/- each at a floor price of Rs. 368 per share through the eOFS platform.

Key Points

  • OFS dates: August 21, 2025 and August 22, 2025
  • Floor price: Rs. 368 per equity share
  • Issue size: Up to 2,01,12,330 equity shares of face value Re 10/- each
  • Symbol: INDIACEM (ISIN: INE383A01012)
  • Market lot: 1 equity share
  • Tick size: Re. 0.05
  • Two categories: Non-retail (IS series) and Retail (RS series for bids ≤ Rs 2 lacs)
  • eOFS platform URL: https://eofs.nseindia.com
  • Bidding session timing: 09:15 hrs to 15:30 hrs on both days
  • Carry forward option available for unallocated non-retail bids from Day 1 to Day 2

Regulatory Changes

Implementation follows the Interoperability among Clearing Corporations along with Exchange Scheme circular NSE/CMTR/62927 dated July 12, 2024.

Compliance Requirements

  • All eligible Capital Market segment trading members can participate
  • Members without Admin user IDs must request through ENIT portal (https://enit.nseindia.com/MemberPortal/)
  • Admin user requests processed at 11:00 AM, 2:00 PM, and 3:00 PM intervals
  • Compliant UCC of self (PRO) and clients must be updated in UCI system one day prior to OFS bidding
  • UCCs identified as compliant at 22:00 hrs on previous day are permitted to trade next day
  • Members must ensure sufficient collaterals before carry forward orders on T+1 day
  • Rejected orders due to insufficient margins cannot be placed again

Important Dates

  • August 20, 2025: Circular date
  • August 21, 2025: First OFS bidding session (09:15-15:30 hrs)
  • August 22, 2025: Second OFS bidding session and carry forward day (09:15-15:30 hrs)
  • Prior day requirement: UCC compliance update needed day before bidding

Impact Assessment

This OFS provides liquidity opportunity for India Cements Limited shares and allows both retail and non-retail investors to participate. The two-day structure with carry forward mechanism ensures adequate participation opportunity. Trading members need to ensure technical readiness and compliance requirements are met to participate effectively.

Impact Justification

Significant OFS announcement affecting trading members and investors in India Cements Limited