Description
NSE Clearing provides revised settlement calendar for Ironwood Education Limited OFS with specific settlement schedules for retail and non-retail categories.
Summary
NSE Clearing Limited has issued a revised settlement calendar for the Offer for Sale (OFS) of shares of Ironwood Education Limited. The settlement follows existing secondary market transaction rules with specific schedules for retail and non-retail categories across September 4-9, 2025.
Key Points
- Settlement follows existing secondary market transaction rules
- Multiple settlement types: H (100% margin) and T (0% margin) for different categories
- Separate schedules for Retail (RS) and Non-Retail (IS) categories
- Settlement numbers 2025135 and 2025136 assigned
- Funds pay-in required by T+1 day 11:00 AM
- Securities and funds pay-out on T+1 day by 01:30 PM
Regulatory Changes
No new regulatory changes introduced - settlement follows existing secondary market transaction rules as per previous circular NCL/CMPT/70002 dated September 3, 2025.
Compliance Requirements
- Members and custodians must follow the specified settlement calendar
- Custodial confirmation required by specified times (3:30 PM or 7:30 AM depending on category)
- Securities Transaction Tax (STT) and stamp duty to be collected on respective settlement days
- Contact help desk for clarifications at 1800 266 0050 (Option 2) or ofs_ncl@nsccl.co.in
Important Dates
- September 4, 2025: Order date for settlement 2025135 (Non-Retail)
- September 5, 2025: Order date for settlement 2025136 (Retail and Non-Retail)
- September 9, 2025: Settlement date for all categories
- T+1 by 11:00 AM: Funds pay-in deadline
- T+1 by 01:30 PM: Securities and funds pay-out
Impact Assessment
Medium impact on market participants involved in Ironwood Education Limited OFS. Affects clearing members, custodians, and PCMs who need to align their settlement processes with the specified calendar. The differentiated settlement approach for retail vs non-retail categories ensures appropriate risk management while facilitating the OFS process.
Impact Justification
Specific settlement calendar for OFS affecting trading participants and investors in Ironwood Education Limited