Description

NSE Clearing provides settlement calendar and timing details for Ironwood Education Limited OFS transactions.

Summary

NSE Clearing Limited has issued a settlement calendar for the Offer for Sale (OFS) of shares of Ironwood Education Limited. The circular provides detailed settlement schedules for different categories of investors and outlines the timing for funds pay-in and securities/funds pay-out.

Key Points

  • Settlement follows existing rules for secondary market transactions
  • Different settlement numbers (2025135, 2025136) for different order dates
  • Separate categories for Retail (RS) and Non-Retail (IS) investors
  • Varying margin requirements (0% and 100%) based on confirmation timing
  • Settlement date is September 8, 2025 for all categories

Settlement Schedule

September 4, 2025 Orders (Settlement 2025135)

  • 100% Margin IS (Non Retail): Custodial confirmation by 3:30 PM same day
  • 0% Margin IS (Non Retail): Custodial confirmation by 7:30 AM on settlement day

September 5, 2025 Orders (Settlement 2025136)

  • 100% Margin RS (Retail): No custodial confirmation required
  • 100% Margin IS (Non Retail): Custodial confirmation by 3:30 PM same day
  • 0% Margin IS (Non Retail): Custodial confirmation by 7:30 AM on settlement day

Settlement Timing

  • Funds Pay-in: T+1 day by 11:00 AM
  • Securities & Funds Pay-out: T+1 day by 01:30 PM

Compliance Requirements

  • Securities Transaction Tax (STT) and stamp duty will be collected on respective settlement day
  • Members/custodians must follow the specified confirmation timelines
  • Contact help desk at 1800 266 0050 (Option 2) or ofs_ncl@nsccl.co.in for queries

Important Dates

  • Order Dates: September 4-5, 2025
  • Settlement Date: September 8, 2025
  • Reference Circular: NCL/CMPT/67751 dated April 29, 2025

Impact Assessment

This circular provides operational clarity for market participants involved in the Ironwood Education Limited OFS, ensuring smooth settlement processes with clear timelines and requirements for different investor categories.

Impact Justification

Operational circular affecting OFS settlement procedures for specific company