Corporate Announcement
Security Code : 524372    Company : ORCHIDPHAR    
 
Notice of Offer for Sale of Shares by Promoter & Floor PriceDownload PDF 0.11 MB
  Exchange Disseminated Time     6/23/2021 5:11:00 PM
Dhanuka Laboratories Limited ("Seller"), one of the Promoter of Orchid Pharma Ltd ("the Company") proposes to sell in aggregate up to 32,80,115 (thirty two lakh eighty thousand and one hundred and fifteen) Equity Shares ("Sale Shares") held by the Seller in the Company, representing 8.04% of the total issued and paid-up equity share capital of the Company ("Offer") on June 24, 2021 ("T Day") (for non-retail Investors only) ("Non Retail Investors") and on June 25, 2021 ("T+1 Day") (for retail investors as described herein below ("Retail Investors") and for Non-Retail Investors who choose to carry forward their un-allocated bids from T Day).

The Sale Shares are proposed to be sold through a separate, designated window of BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") (BSE and NSE are together referred to as the "Stock Exchanges").

Date and time of the opening and closing of the Offer

The Offer shall take place during trading hours on a separate window of the Stock Exchanges on June 24, 2021 ("T Day") and on June 2S, 2021 ("T+1 Day"), from 9:15 am to 3:30 pm (Indian Standard Time) over two trading days, as per details given below:

For Non-Retail Investors on T Day i.e., June 24, 2021

The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T Day commencing at 9:15 AM (Indian Standard Time) and shall close at 3:30 PM (Indian Standard Time) on the same date. Non-Retail Investors who have placed their bids on T Day may indicate their willingness to carry forward their unallocated bids to T+1 Day, for, allocation to them in the unsubscribed portion of the Retail Category (defined below)

Please note that only Non-Retail Investors can place their bids on T Day i.e., June 24, 2021.

For Retail Investors and for Non-Retail Investors who opt to carry forward their unallocated bids from T Day on T+1 Day i.e., June 25, 2021.

The Offer shall continue to take place during trading hours on the separate designated window of the Stock Exchanges on T+1 Day, commencing at 9:15 AM and shall close at 3:30 PM (Indian Standard Time) on the same date.

Please note that only Retail Investors are permitted to place their bids on T+1 Day. Further those Non-Retail Investors who had placed their bids on T Day and who opted to carry forward their unallocated bids from T Day to T+1 Day would be allowed to revise their bids on T+1 Day in terms of the SEBI OFS Circulars.

Floor Price : The floor price for the Sale shall be INR 375/-(Rupees Three Hundred and Seventy Five only) per Equity Share ("Floor Price"). The Stock Exchanges are required to ensure that the Floor Price is immediately informed to the market.
 

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