Corporate Announcement
Security Code : 542830    Company : IRCTC    
 
Notice of Offer for Sale of Shares by Promoter & Floor PriceDownload PDF
  Exchange Disseminated Time     09/12/2020 20:47:22
The President of India, acting through and represented by the Ministry of Railways, Government of India, is the promoter of Indian Railway Catering and Tourism Corporation Ltd (the "Promoter"). The Promoter (the "Seller") proposes to sell up to 2,40,00,000 Equity Shares of Indian Railway Catering and Tourism Corporation Ltd ("the Company"), (representing 15% of the total issued and paid up equity share capital of the Company) ("Base Offer Size"), on December 10, 2020, ("T day") (for non-Retail Investors only) and on December 11, 2020 ("T+1 day") (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell 80,00,000 Equity Shares (representing 5% of the total issued and paid up equity share capital of the Company) (the "Oversubscription Option" and in the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 20% of outstanding Equity Shares of the Company, i.e. 3,20,00,000 Equity Shares, and will collectively, hereinafter be referred to as "Offer Shares" while in the event that such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as "Offer Shares") through a separate, designated window of the BSE Limited (the "BSE") and the National Stock Exchange of India Limited ("NSE", and together with the BSE, the "Stock Exchanges"), representing 15% of the total paid up equity share capital of the Company as on September 30, 2020 (held in dematerialized form in one or more demat accounts with the relevant depository participant), in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the "Offer").

Dates and time of the opening and closing of the Offer:

The Offer shall take place on a separate window of the Stock Exchanges on December 10, 2020 ("T" day) and December 11, 2020 ("T+1" day), from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below.

For non-Retail Investors (defined below)

Only non-Retail Investors shall be allowed to place their bids on T day, i.e., December 10, 2020

The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T day, i.e., December 10, 2020 commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date.

Those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their bids to T+1 day, shall be allowed to carry forward and also revise their bids on T+1 day as per the OFS Guidelines.

For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their un-allotted bids to T+1 Day

The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day, i.e., December 11, 2020 commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time on the same date.

Only Retail Investors (defined below) shall be allowed to place their bids on T+1 day, i.e., December 11, 2020. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their unallotted bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the OFS Guidelines.

Floor Price: The floor price for the Offer shall be Rs.1367 (Rupees One Thousand Three Hundred and Sixty Seven Only) per Equity Share ("Floor Price").
 

Disclaimer

Back To Announcements