Description

NSE announces the proposed Offer for Sale of shares of Keystone Realtors Limited scheduled for October 15-16, 2025 through the eOFS platform.

Summary

The National Stock Exchange of India Limited has issued a circular regarding the proposed Offer for Sale (OFS) of shares of Keystone Realtors Limited (Symbol: RUSTOMJEE) scheduled for October 15-16, 2025. The sellers have intimated the Exchange about the OFS of up to 45,76,000 equity shares of face value Re 10/- each at a floor price of Rs. 550/-. The OFS will be conducted through NSE’s eOFS platform in accordance with the interoperability among clearing corporations scheme.

Key Points

  • Issue size: Up to 45,76,000 equity shares of face value Re 10/- each
  • Floor price: Rs. 550/-
  • Market lot: 1 equity share
  • Tick size: Re. 0.05
  • ISIN: INE263M01029
  • Trading series: IS (Non-retail category) and RS (Retail category - bid value ≤ Rs 2 lakhs)
  • All eligible trading members of Capital Market segment can participate
  • eOFS platform URL: https://eofs.nseindia.com
  • Admin user IDs can be requested through ENIT portal at https://enit.nseindia.com/MemberPortal/
  • Requests processed at 11:00 AM, 2:00 PM, and 3:00 PM intervals
  • Helpdesk toll-free number: 1800 266 00 50 (Option 1)

Compliance Requirements

  • Members must ensure compliant UCC (Unique Client Code) of self (PRO) and clients are updated in Unique Client Identification (UCI) system a day prior to OFS bidding session
  • UCCs updated or becoming compliant on the day of OFS bidding session will not be permitted to participate
  • Only UCCs identified as compliant at 22:00 hrs on the previous day will be permitted to trade on next bidding day
  • Members must ensure sufficiency of collaterals before initiating carry forward of orders on T+1 day
  • Rejected orders due to insufficient margins cannot be placed again
  • Members should raise only one request for Admin User creation, which cannot be modified once raised
  • Members must refer to Annexure 3 of Exchange circular NSE/CMTR/43529 dated February 13, 2020 for features and limit settings

Important Dates

  • October 14, 2025: Circular issued
  • October 15, 2025: First bidding session (09:15 hrs to 15:30 hrs) for Non-retail category (IS Series)
  • October 16, 2025: Second bidding session (09:15 hrs to 15:30 hrs) for carry forward of unallocated Non-retail bids
  • Carry Forward Window: October 16, 2025 (09:15 hrs to 15:30 hrs) for unallocated non-retail bids from T day

Regulatory Changes

The OFS is being conducted in accordance with the implementation of Interoperability among Clearing Corporations along with the Exchange Scheme as per circular NSE/CMTR/62927 dated July 12, 2024.

Impact Assessment

Market Impact: Medium - The OFS involves significant sale of equity shares (45.76 lakh shares) of Keystone Realtors Limited, which may impact stock liquidity and price during the offer period.

Operational Impact: Trading members must ensure system readiness, admin user setup on eOFS platform, UCC compliance updates, and sufficient collateral margins. The strict timeline for UCC compliance (must be completed day prior) and the irreversibility of rejected orders due to margin insufficiency require careful preparation by members.

Investor Impact: Both retail (RS series - bid value ≤ Rs 2 lakhs) and non-retail (IS series) investors can participate. Non-retail investors have the facility to carry forward unallocated bids to T+1 day, subject to margin requirements.

Impact Justification

Time-sensitive OFS event for Keystone Realtors affecting trading members and investors with specific bidding requirements and platform access procedures