Trading Members and Custodians are hereby informed that the Exchange proposes to conduct a mock session for Offer for sale of WHEEL & AXLE TEXTILES LIMITED on the iBBS platform on Monday, March, 21st 2016. Both the Non-Retail and Retail Bidding would held at different time intervals on 21st March’2016
Scrip Details:
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Security Name
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WHEEL & AXLE TEXTILES LIMITED
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Security Symbol
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WHELTEX
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ISIN
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INE408F01016
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Offer Size
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120350 equity shares
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Market Lot
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1 share
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Tick Size
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Re.0.05
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Face Value
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Rs.10/-
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Floor Price
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Rs.198
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Allocation Methodology
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Price Priority basis
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Reservation to Retail Investors
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10 % of Issue Size reserved for Retail Investors
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Schedule of Mock Session is as follows:
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SESSION
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Day
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FROM
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TO
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Bid Entry Period (Non-Retail )
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T day
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11.00 PM
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1.00 P.M.
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Bid Entry Period (Retail )
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T day
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1.30 PM
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4.00 P.M.
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Give-up / Take-up
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T day
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11.00 PM
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4.00 P.M.
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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:
https://demo.bseindia.com/asba
· The URL for DEMO RTRMS system is as under:
http://203.199.49.104:9011/stocks/jsp/rms/index.html
Categories for Bidding
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Investor Type
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Bidding Category
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Margin Type
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Retail Investor at Cut off
(Bid value up to Rs. 2 Lacs)
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RIC
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Upfront 100% Margin
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Retail Investors – Individual, HUF, NRI
(Bid value up to Rs. 2 Lacs)
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RI
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Upfront 100% Margin
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Retail Investors – Individual, HUF, NRI
(Bid value above Rs. 2 Lacs)
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NII
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Upfront 100% Margin
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Non Institutional Investor
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NII
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Upfront 100% Margin
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Institutional Investor
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MF, IC, OTHS
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0% or 100 % Margin
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#Category Description: MF: Mutual Fund, IC: Insurance Company, NII: Non Institutional Investors (Includes, Individual, HUF, TRUST, Body Corporates, PMS), OTHS: Others (Includes FII, FI, Banks), RI: Retail Investors (Includes, Individual, HUF, NRI) RIC: Retail Investors Bidding at Cut off
Please Note:
1. Retail Investor shall mean an individual investor who places bids for shares of total value of not more than Rs.2 lakhs
2. Retail Investors have an Option to bid in “RI” “RIC” and/or “NII” category.
a. Retail Investors can bid in RI and RIC category Up to (i.e. less or equal to) Rs. 2 Lacs
b. Retail Investors can bid in NII category only above Rs. 2 Lacs
3. Multiple bidding will be allowed.
4. If the cumulative bid value of a retail investor in “RI” “RIC” and “NII” category exceeds Rs.2 lakhs, the bids in the “RI” category shall become ineligible.
5. If the cumulative bid value of a retail investor in “RI” and “RIC” across Exchanges exceeds Rs. 2 Lakhs, all such bids will not be eligible for allocation
6. Additionally, Retail Investors bidding in NII category will not be eligible for discount (if any) offered by Seller(s).
7. There is no change in rule and mechanism for bidding for Other Categories - NII, MF, IC, and OTHS.
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 trading ops/listing sales team on the contact numbers/email id provided below:
Please contact the Trading Operations for resetting the passwords of the IBBS Module and RTRMS DEMO Modules:
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:
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No
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Margin Type
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Bid Status
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Modification
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Cancellation
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1
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100% Upfront Margin
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Member Bid
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Y
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Y
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2
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100% Upfront Margin
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Awaiting Custodian Confirmation
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Y
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Y
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3
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100% Upfront Margin
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Confirmed by Custodian
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Y
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Y
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4
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No Margin
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Member Bid
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Y (Upward)
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N
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5
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No Margin
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Awaiting Custodian Confirmation
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Y (Upward)
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N
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6
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No Margin
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Confirmed by Custodian
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Y (Upward)
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N
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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
March 21st, 2016
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