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NOTICES
Notice No.   20140603-5   Notice Date   03 Jun 2014
Category   Trading   Segment   Equity
Subject   Mock Session for Offer for Sale (OFS) of Hubtown Ltd. on Tuesday, June, 3rd 2014
 
Content

 

Trading Members and Custodians are hereby informed that the Exchange proposes to conduct a mock session for Offer for sale of Hubtown Ltd. on iBBS platform on Tuesday, June, 3rd 2014.
 
Scrip Details:
 

Security Name
Hubtown Ltd
Security Symbol
HUBTOWN
ISIN
INE703H01016
Offer Size
54,48,097 equity shares
Market Lot
1 share
Tick Size
Re.0.05
Face Value
Rs.10/-
Floor Price ##
Rs 181.05  ( Close Price as on 2nd June’2014
Allocation Methodology
Price Priority basis

Please Note: ## The Seller shall declare the floor price for the sale on 3rd June’2014 after close of Trading hours of the Stock Exchange and not later than 6.00 pm. As such, for the purpose of mock trading the Floor price has been taken as the Close price of the said scrip as on 2nd June’2014 i.e. Rs 181.05
 
Schedule of Mock Session is as follows:
 

SESSION
Day
FROM
TO
Bid Entry Period
T day
12.00 P.M.
4.00P.M.
Give-up / Take-up
T day
12.00 P.M.
4.00 P.M.

 
  Note: Give-up / Take-up sessions for Trading Members on T+1 day will not be available in this mock session.
 
·         The URL for DEMO OFS Module is as under:
       Internet users:
    
·         The URL for DEMO RTRMS system is as under:
 
 
Mock Trading Session Feedback
 
To be able to provide trading members and custodians with a robust & efficient system for Offer for Sale with better features, feedback from all trading members and custodians are very important. We request all members and custodians to give their feedback of the mock session to listing sales team on the contact numbers/email id provided below:
 

Name of Official
Contact Number
Department
Email ID
Sandeep Pujari
022-22728376
Trading Operations
Radhika Khatau
022-22728892
Listing Sales

 
Please contact the BSE HelpDesk for Resetting the passwords of the OFS and RTRMS DEMO Modules:

HelpDesk
 022-6136 3100 (hunting)

   
The key functionalities of this module are described as under:
 
1.      Trading Members can put bids for purchase of shares through bid entry screen or use the file upload facility.
 
2.      Floor price may or may not be disclosed before start of the offer. In case of floor price is disclosed; orders/bids below floor price shall not be accepted. No price bands shall be applicable for the bids placed in the offer for sale.
 
3.      Multiple bids from a single buyer shall be permitted.
 
4.      Every bid shall be validated against Unique Client Code (UCC); currently used in the Equity/Derivatives segment of BSE.
 
5.      Trading Members can bid using two types of margins for their clients namely, 100% upfront margin and 0% Margin (no margin).
 
6.      Institutional Investors have an option to pay for 100% upfront margin or 0% Margin (no margin). Whereas, Non Institutional Investors have to pay 100% margin only.
 
7.      The following orders shall be valid in the OFS window:
7.1.   Orders with 100% of margin paid upfront by institutional investors and non-institutional investors. Such orders can be modified or cancelled at any time during the trading hours.
7.2.   Orders without paying upfront margin by institutional investors only. Such orders cannot be modified or cancelled by the investors or stock brokers, except for making upward revision in the price or quantity.
 
8.      Clearing Corporation shall collect 100% margin in cash from non-institutional investors. In case of institutional investors who place orders/bids with 100% of margin upfront, custodian confirmation shall be within trading hours.
 
9.      In case of institutional investors who place orders without upfront margin (0% margin), custodian confirmation shall be as per the existing rules for secondary market transactions i.e. Custodians can confirm the bids till T+1 day (T being the trading day)
 
9.1.   Modification and Cancellation of OFS bids: Bids can be modified or cancelled manually and via bulk upload facility. In case of order/bid modification/deletion such funds shall be released / collected on real time basis.
 
9.2.   Modifications and Cancellation Rules:

No
Margin Type
Bid Status
Modification
Cancellation
1
100% Upfront Margin
Member Bid
Y
Y
2
100% Upfront Margin
Awaiting Custodian Confirmation
Y
Y
3
100% Upfront Margin
Confirmed by Custodian
Y
Y
4
No Margin
Member Bid
Y (Upward)
N
5
No Margin
Awaiting Custodian Confirmation
Y (Upward)
N
6
No Margin
Confirmed by Custodian
Y (Upward)
N

 
10. Use of Real Time Risk Management System:
Trading Members as well as Custodians are required to access RTRMS for give-up and take-up for validation of Bids.
 
 
 
Sandeep Pujari
Sr.Manager – Trading Operations
June 2, 2014