Description
NSE announces Offer for Sale of up to 75 lakh equity shares of Andhra Cements Limited on January 09 and January 12, 2026, at a floor price of Rs. 72 per share using the eOFS platform.
Summary
National Stock Exchange of India Limited has issued a circular regarding the proposed Offer for Sale (OFS) of Andhra Cements Limited (Symbol: ACL). The OFS involves up to 75,00,000 equity shares of face value Rs. 10 each at a floor price of Rs. 72 per share. The bidding sessions are scheduled for January 09, 2026, and January 12, 2026, from 09:15 Hrs to 15:30 Hrs. The OFS will be conducted through NSE’s eOFS platform in accordance with the Interoperability among Clearing Corporations scheme.
Key Points
- Offer size: Up to 75,00,000 equity shares of face value Rs. 10 each
- Floor price: Rs. 72 per share
- ISIN: INE666E01020
- Market lot: 1 equity share
- Tick size: Re. 0.01
- Two series available: IS (Non-retail category) and RS (Retail category with bid value ≤ Rs. 2 lakhs)
- All eligible Capital Market segment trading members can participate via eOFS platform
- eOFS platform URL: https://eofs.nseindia.com
- Non-retail bidders can carry forward unallocated bids from T day to T+1 day
- UCC compliance must be ensured a day prior to OFS bidding session
Regulatory Changes
The OFS follows the implementation of Interoperability among Clearing Corporations along with Exchange Scheme as per circular NSE/CMTR/60811 dated February 21, 2024. No new regulatory changes are introduced in this circular.
Compliance Requirements
- Admin User IDs: Members without admin user IDs must 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
- UCC Compliance: Members must ensure compliant UCC of self (PRO) and clients are updated in Unique Client Identification (UCI) system one day prior to OFS bidding session
- UCCs identified as compliant by 22:00 hrs on previous day will be permitted to trade for next bidding day
- Orders cannot be placed if UCC becomes compliant on the day of OFS bidding session
- Margin Sufficiency: Members must ensure sufficient collaterals before carry forward of orders on T+1 day; rejected orders due to insufficient margins cannot be placed again
- Limit Settings: Members should refer to Annexure 3 of circular NSE/CMTR/43529 dated February 13, 2020 for features and user limits
Important Dates
- January 08, 2026: Circular issue date
- January 09, 2026: First OFS bidding session (09:15 Hrs to 15:30 Hrs) for both Non-retail (IS) and Retail (RS) categories
- January 12, 2026: Second OFS bidding session (09:15 Hrs to 15:30 Hrs) for carry forward of unallocated Non-retail bids
- Day prior to bidding: Deadline for UCC compliance update (must be compliant by 22:00 hrs)
Impact Assessment
Market Impact: The OFS of 75 lakh shares of Andhra Cements Limited provides liquidity opportunity for investors in both retail and non-retail categories. The two-day bidding structure with carry forward mechanism allows flexibility for non-retail investors.
Operational Impact: Trading members must ensure technical readiness with eOFS platform access, admin user IDs, and compliance systems. The strict UCC compliance requirement (must be updated one day prior) and margin sufficiency checks require proactive operational planning. Members without proper setup may face participation barriers.
Investor Impact: Retail investors can participate with bids up to Rs. 2 lakhs, while non-retail investors have carry forward flexibility across the two bidding days. The low market lot of 1 share and small tick size (Re. 0.01) enables broad participation.
Helpdesk Support: Members can contact toll-free number 1800 266 00 50 (Option 1) or email msm@nse.co.in for bidding platform queries.
Impact Justification
Medium-sized OFS of 75 lakh shares for a specific company; impacts trading members and investors interested in Andhra Cements Limited participation