Description
NSE Clearing announces settlement calendar for Offer for Sale (OFS) of Andhra Cements Limited shares with specific timelines for retail and non-retail categories.
Summary
NSE Clearing Limited has issued a settlement calendar for the Offer for Sale (OFS) of shares of Andhra Cements Limited. The settlement will follow existing rules for secondary market transactions as per previous circular NCL/CMPT/67751 dated April 29, 2025. The circular details specific settlement numbers, margin categories, order dates, custodial confirmation requirements, and settlement dates for both retail and non-retail categories.
Key Points
- Settlement follows existing secondary market transaction rules
- Multiple settlement types with varying margin requirements (0% and 100%)
- Different timelines for retail (RS) and non-retail (IS) categories
- Funds pay-in required by T+1 day at 11:00 am
- Securities and funds pay-out on T+1 day by 01:30 pm
- Securities Transaction Tax (STT) and stamp duty to be collected on respective settlement days
Settlement Schedule Details
Settlement 2026007
- 100% Margin IS (non-retail): Order Date 09-JAN-2026, Custodial Confirmation 09-JAN-2026 by 03:30 PM, Settlement 12-JAN-2026
- 0% Margin IS (non-retail): Order Date 09-JAN-2026, Custodial Confirmation 12-JAN-2026 by 07:30 AM, Settlement 12-JAN-2026
Settlement 2026008
- 100% Margin RS (Retail): Order Date 12-JAN-2026, No custodial confirmation required, Settlement 13-JAN-2026
- 100% Margin IS (non-retail): Order Date 12-JAN-2026, Custodial Confirmation 12-JAN-2026 by 03:30 PM, Settlement 13-JAN-2026
- 0% Margin IS (non-retail): Order Date 12-JAN-2026, Custodial Confirmation 13-JAN-2026 by 07:30 AM, Settlement 13-JAN-2026
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
- Members and custodians must adhere to the specified settlement calendar
- Custodial confirmations must be completed by the specified times for non-retail categories
- Retail settlements do not require custodial confirmation
- Payment of applicable STT and stamp duty on respective settlement days is mandatory
Important Dates
- 09-JAN-2026: First order date for non-retail category (Settlement 2026007)
- 12-JAN-2026: Settlement date for 2026007 and order date for Settlement 2026008
- 13-JAN-2026: Final settlement date for retail and non-retail categories (Settlement 2026008)
Impact Assessment
This circular has operational impact on members, custodians, and Participatory Clearing Members (PCMs) involved in the OFS of Andhra Cements Limited. The structured settlement calendar ensures orderly processing of both retail and institutional transactions with clear margin requirements and confirmation timelines. The differential treatment between retail and non-retail categories (with retail requiring no custodial confirmation) simplifies the process for smaller investors while maintaining risk management protocols for institutional participants through margin and confirmation requirements.
Contact Information
- Helpdesk: 1800 266 0050 (Option 2)
- Email: ofs_ncl@nsccl.co.in
- Issued by: Satish Jathan, Vice President, NSE Clearing Limited
Impact Justification
Operational circular providing settlement schedule for OFS transactions of a specific company, affecting members and custodians participating in the offer