Description

NSE announces Offer for Sale of up to 66,76,843 equity shares of Andhra Cements Limited (ACL) on March 17-18, 2026, at a floor price of Rs. 52 per share via the eOFS platform.

Summary

NSE has announced an Offer for Sale (OFS) of equity shares of Andhra Cements Limited (Symbol: ACL, ISIN: INE666E01020) scheduled for March 17–18, 2026. Up to 66,76,843 equity shares of face value Rs. 10 each will be offered at a floor price of Rs. 52 per share through the NSE eOFS platform. The OFS will follow interoperability among Clearing Corporations as per Exchange Scheme circular NSE/CMTR/72975 dated February 24, 2026.

Key Points

  • OFS of up to 66,76,843 equity shares of Andhra Cements Limited at floor price of Rs. 52 per share
  • Two series available: IS (Non-retail) and RS (Retail, bid value ≤ Rs. 2 lakhs)
  • Bidding sessions on both days: 09:15 hrs to 15:30 hrs
  • Market lot is 1 equity share; tick size is Re. 0.01
  • All eligible Capital Market segment trading members can participate via eOFS platform
  • Members without Admin user IDs must register via ENIT portal before the OFS date
  • Non-retail (IS series) unallocated bids can be carried forward from March 17 to March 18, 2026
  • Members must modify carry-forward bids; orders rejected once due to insufficient margins cannot be re-placed

Regulatory Changes

The OFS is conducted in accordance with interoperability among Clearing Corporations as per Exchange Scheme circular NSE/CMTR/72975 dated February 24, 2026. No new regulatory changes are introduced by this circular.

Compliance Requirements

  • Trading members must ensure compliant UCC (Unique Client Code) of self (PRO) and clients are updated in the UCI system at least one day prior to the OFS bidding session
  • Members or clients with UCC updated or becoming compliant on the day of the OFS bidding session will not be able to participate
  • UCCs identified as compliant at 22:00 hrs on the previous day are permitted to trade on the next bidding day
  • Members must ensure sufficient collaterals before initiating carry-forward of orders on T+1 day
  • Members yet to receive Admin user IDs must submit details on the ENIT portal (path: ENIT-NEW-TRADE → Membership → Enablement → eOFS); only one request per member is allowed and cannot be modified
  • Refer to Annexure 3 of NSE/CMTR/43529 dated February 13, 2020 for feature and limit settings

Important Dates

  • March 17, 2026: Day 1 of OFS bidding session (09:15–15:30 hrs, IS and RS series)
  • March 18, 2026: Day 2 of OFS bidding session (09:15–15:30 hrs); carry-forward date for unallocated non-retail bids
  • March 16, 2026 (by 22:00 hrs): UCC compliance check cutoff for March 17 bidding eligibility
  • March 17, 2026 (by 22:00 hrs): UCC compliance check cutoff for March 18 bidding eligibility
  • Admin user ID requests received after 15:00 hrs are processed the next day by 08:45 hrs

Impact Assessment

This circular affects trading members and investors interested in Andhra Cements Limited. Members must ensure timely UCC updates and sufficient collaterals to participate. The OFS presents a liquidity event for ACL shares with a defined floor price of Rs. 52. Retail investors (bid value ≤ Rs. 2 lakhs) and non-retail investors have separate series (RS and IS respectively), and non-retail bidders have the option to carry forward unallocated bids to Day 2. Impact is moderate and company-specific, with no broader market rule changes.

Impact Justification

Company-specific OFS event affecting trading members and investors in Andhra Cements Limited; operational details for participation via eOFS platform are relevant to members.