Description

NSE announces proposed Offer for Sale of up to 1,57,03,800 equity shares of Twamev Construction and Infrastructure Limited on November 18-19, 2025 at a floor price of Rs. 32.50 per share.

Summary

NSE has announced a proposed Offer for Sale (OFS) of shares of Twamev Construction and Infrastructure Limited (Symbol: TICL) scheduled for November 18-19, 2025. The OFS will be conducted through NSE’s eOFS platform for up to 1,57,03,800 equity shares of face value Re. 1/- each at a floor price of Rs. 32.50 per share. The offer will be implemented in accordance with interoperability among Clearing Corporations as per circular NSE/CMTR/62927 dated July 12, 2024.

Key Points

  • Issue size: Up to 1,57,03,800 equity shares of face value Re. 1/- each
  • Floor price: Rs. 32.50 per share
  • Market lot: 1 equity share
  • Tick size: Re. 0.01
  • ISIN: INE388G01026
  • Two series available: IS (non-retail category) and RS (retail category with bid value ≤ Rs. 2 lakhs)
  • All eligible trading members of Capital Market segment can participate using eOFS platform
  • eOFS platform URL: https://eofs.nseindia.com
  • Carry forward of unallocated non-retail bids allowed from Day 1 to Day 2
  • Members must ensure compliant UCC (Unique Client Code) is updated in UCI system a day prior to bidding
  • UCCs must be compliant by 22:00 hrs on previous day to participate in next day’s bidding

Regulatory Changes

No new regulatory changes introduced. This OFS follows existing framework under interoperability among Clearing Corporations (circular NSE/CMTR/62927 dated July 12, 2024).

Compliance Requirements

  • For Members without Admin User IDs: Provide details on ENIT portal (https://enit.nseindia.com/MemberPortal/) following path: ENIT-NEW-TRADE→Membership→Enablement→eOFS. Requests processed at 11:00 AM, 2:00 PM, and 3:00 PM intervals. Post 3:00 PM requests processed next day by 8:45 AM. Only one request should be raised for Admin User creation
  • UCC Compliance: Members must ensure compliant UCC of self (PRO) and clients are updated in Unique Client Identification (UCI) system a day prior to OFS bidding session
  • Timing Critical: Members or clients cannot participate if UCC is updated or becomes compliant on the day of OFS bidding session; orders will not be accepted
  • Collateral Sufficiency: 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
  • User Limits: Members should refer to Annexure 3 of circular NSE/CMTR/43529 dated February 13, 2020 for features and necessary limits setting for respective users

Important Dates

  • November 18, 2025: Day 1 of OFS bidding (09:15 hrs to 15:30 hrs) for IS series (non-retail category)
  • November 19, 2025: Day 2 of OFS bidding (09:15 hrs to 15:30 hrs) for IS series (non-retail category)
  • Carry Forward Indication: Non-retail category participants can indicate carry forward of unallocated bids from November 18 to November 19, 2025
  • UCC Compliance Deadline: UCCs must be compliant by 22:00 hrs on day prior to bidding session

Impact Assessment

Market Impact: The OFS of Twamev Construction and Infrastructure Limited involves up to 1.57 crore shares, which will provide an exit opportunity for existing shareholders and allow institutional and retail investors to acquire shares at the floor price of Rs. 32.50. The two-day bidding window with carry forward facility for non-retail investors provides flexibility in the bidding process.

Operational Impact: Trading members need to ensure their systems are ready for eOFS platform participation, including obtaining Admin user IDs if not already available, ensuring UCC compliance at least one day prior, and maintaining adequate collateral for potential carry forward orders. The strict timeline for UCC compliance (by 22:00 hrs previous day) requires advance planning by members and their clients to avoid participation issues.

Impact Justification

Medium importance as this is a standard OFS process for a specific company affecting trading members and investors participating in the offer. Impact limited to those participating in the OFS of Twamev Construction.