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NOTICES
Notice No.   20201023-21   Notice Date   23 Oct 2020
Category   Trading   Segment   Equity
Subject   Opening of Offer for Sale for MT EDUCARE LTD- Activities Schedule
 
Content

Trading Members and Custodian Members of the Exchange are requested to note the Schedule of activities in respect of Offer for Sale of shares of MT EDUCARE Ltd scheduled for Monday, 26th October 2020 and Tuesday, 27th October 2020 on the Exchange is as follows.

Particulars of OFS for MT EDUCARE LTD

 

Security Name

MT EDUCARE LTD

Security Symbol         

MTEDUCARE

Security Code                                                

534312

ISIN

INE472M01018

Offer Size

42,680

Retail Offer Size

10 % of Issue Size reserved for Retail

Reservation to Retail Investors

4268 shares

Non-Retail Offer Size

38,412 shares

Market Lot

1 share

Tick Size

Rs 0.05

Face Value

Rs 10/-

Floor Price

Rs 9.60/-

Discount to Retail Investors

Retail Investors will be allocated Offer shares at a discount of 5% to the Cut off price in accordance with the SEBI OFS Circulars

Allocation Methodology

Proportionate Method

Bid Opening Date ( IC/MF/OTH/NII)

26th October 2020

Bid Closing Date   ( IC/MF/OTH/NII)

26th October 2020

Bid Opening Date ( RI/RIC )@

27th October 2020

Bid Closing Date (RI/RIC)@

27th October 2020

 

@ And Un-allocated Bidders on T Day (26th October 2020) who choose to carry forward their bid on T+1 Day (27th October 2020)

 

Session Timings:

 

LIVE OFS SESSION

Date

Day

FROM

TO

Bid Entry Period (IC/MF/OTH/NII)

26th October 2020

T

9.15 AM

3.30 P.M.

Bid Modification and Cancellation

26th October 2020

T

9.15 AM

3.30 P.M.

Give up/Take up

27th October 2020

T + 1*

10.00 AM

1.00 PM

Bid Entry Period (RI/RIC) @

27th October 2020

T + 1

9.15 AM

3.30 P.M.

Bid Modification and Cancellation

27th October 2020

T + 1

9.15 AM

3.30 P.M.

Give up/Take up

28th October 2020

T + 2*

10.00 AM

1.00 PM

 

 

*Only for Institutional Investor bids of 0% Margin bids

@ And Un-Allocated Bidders on T Day (26th October 2020) who choose to carry forward their bid on T+1 Day (27th October 2020)

 

 

OFS Module Accessibility

 

 

URL for accessing iBBS platform

Internet : https://ibbs.bseindia.com/

Leased Line** : https://ibbsll.bseindia.com/

URL for accessing RTRMS

Internet : https://rtrms.bseindia.com/

Leased Line** : https://rtrmsll.bseindia.com/

URL for accessing Extranet for Files (for Members & Custodians)**

Internet : https://member.bseindia.com/

Leased Line** : https://memberll.bseindia.com/

 

** - For details on setting for accessing Leased Line URL Refer Exchange Circular No. -20170503-12

 

 

Categories for Bidding

 

Investor Type

Bidding

Category

Margin Type

Collateral Type for Bidding

Bid Day

Settlement Day

Retail Investor

IND, HUF, NRI

(Bid value up to Rs. 2 Lacs)

RI & RIC

Upfront 100% Margin

Cash & Cash Equivalents

T + 1

T + 3

Retail Investors – IND, HUF, NRI

(Bid value above Rs. 2 Lacs)

NII

Upfront 100% Margin

Cash

T

T + 1

T + 1*

T + 2

Non-Institutional Investor

NII

Upfront 100% Margin

Cash

T

T + 1

T + 1*

T + 2

Institutional Investor

MF, IC, OTHS

Upfront 100% Margin

Cash

T

T + 1

T + 1*

T + 2

Institutional Investor

MF, IC, OTHS

0% Margin

Cash

T

T + 2

T + 1*

T + 3

 

#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

 

* Non-Retail Bids carried forward from T day to T+1 Day.

 

 

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.
    1. Retail Investors can bid in “RI” and “RIC” Category upto (i.e. less or equal to) Rs 2 lacs
    2. Retail Investors can bid in NII category only above Rs. 2 Lacs          
  3. Multiple bidding will be allowed.
  4. Additionally, Retail Bids bidding in NII category will NOT be allowed below Rs. 2 lacs
  5. Retail Investors bidding in NII category will not be eligible for discount (if any) offered by Seller(s).
  6. If the cumulative bid value of a retail investor across Exchanges in “RI” “RIC” and “NII” category exceeds Rs.2 lacs, the bids in the “RI” and” RIC” category shall become ineligible   
  7. If the cumulative bid value of a retail investor in “RI” and “RIC” across Exchanges exceeds Rs. 2 Lacs, all such bids will not be eligible for allocation
  8. To place Retail Investor bids at Cut Off Price, Users are required to select RIC category
  9. Cut-off price will be determined based on the bids received on T Day
  10. Margin will be blocked on Cut-off price of Non-Retail Investors
  11. There is no change in rule and mechanism for bidding for Other Categories - NII, MF, IC, OTHS   
  12. The un-allocated bids of T day will be available for carry forward in the Un-allocated Bid Book on T+1 day

 

 

 

 

 

File Download Details:

 

Files

Category

Date

Day

Timings

Download of Allocation file from iBBS module

IC, MF.OTH, NII

26th October 2020

T

6:00 P.M. onwards

Download of Trade file and from extranet

IC, MF.OTH, NII

26th October 2020

T

6:30 P.M. onwards

Download of Allocation file from iBBS module

RI/ RIC and/ or Unallocated Bids of T Day

27th October 2020

T + 1

6:00 P.M. onwards

Download of Trade file and from extranet

RI/ RIC and/ or Unallocated Bids of T Day

27th October 2020

T + 1

6:30 P.M. onwards

 

 

 

 

Settlement Details:

 

T Day’s Bidding

 

Settlement Type

OFS

Settlement Number

2021027

 

Non-Retail

Pay-in of funds (For 100% margin bids).

(T+1 Day) 27th October 2020 by 10.00 A.M.

Pay-out of Funds / Securities (For 100% margin bids).

(T+1 Day) 27th October 2020 by 12:30 P.M.

Settlement Type

OFST2

Pay in funds (For 0% margin bids).

(T+2 Day) 28th October 2020 by 10.00 A.M.

Pay out of Funds / Securities (For 0% margin bids)

(T+2 Day) 28th October 2020 by 12:30 P.M.

 

 

T+1 Day’s Bidding

 

Settlement Type

OFS

Settlement Number

2021028

 

Un-allocated carried forward bids of T day and Retail bids. 

Pay-in of funds (For 100% margin bids).

(T+2 Day) 28th October 2020 by 10.00 A.M.

Pay-out of Funds / Securities (For 100% margin bids).

(T+2 Day) 28th October 2020 by 12:30 P.M.

Settlement Type

OFST2

Pay in funds (For 0% margin bids and Retail bids).

(T+3 Day) 29th October 2020 by 10.00 A.M.

Pay out of Funds / Securities (For 0% margin bids and retail bids)

(T+3 Day) 29th October 2020 by 12:30 P.M.

 

 

 

Further notes:

 

1.      Also refer to the Exchange Notices no. 20160218-33 dated February 18th, 2016 and Notices No 20200701 – 27 dated  July 1st, 2020 for operational instructions for participation in OFS.

2.      If no securities are allocated there will be no EOD files generated in extranet.

3.      Members and Custodians to note that if no securities are allocated then the cash collateral deposited will be released at EOD on T day.

  1. 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.
  2. In respect of bids in the Retail Category (RI) and Retail Individual Investor (RIC), Clearing Corporation shall collect margin to the extent of 100% of order value in cash or cash equivalents. Pay-in and pay-out for retail bids shall take place as per normal secondary market transactions.

6.      Members will also have a facility for on-line real-time give-up of bids to the Custodians for their confirmation. In such cases, on confirmation of 100% margin bids by Custodians, the cash collateral of the Custodians will be directly adjusted upfront on an on-line real-time basis without adjusting the bidding Member’s cash collateral. For this purpose, the bid entry screen would enable the Member to give up bids to Custodians at the time of bidding. However, such bids will be treated as incomplete bids and will be given temporary bid ids till confirmation by the Custodians. Once these 100% margin bids are accepted by Custodians via RTRMS, the bids will be treated as confirmed bids. If the 100% margin online given-up bids are either rejected by the Custodians or not confirmed by the Custodians till end of the bid session on T Day & T+1 Day (for the bids of T+1 Day) (by 3:30 PM), then such bids will be treated as cancelled and will accordingly lapse.

 

  1. The following orders shall be valid in the OFS window:

a.      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.

b.      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.

 

Information on Login Ids and Resetting passwords

 

Members and Custodians are requested to use the following contacts for any information on creation of new login ids and resetting of passwords:

 

System

Point contact

Contact

Email

iBBS OFS (New Users)

Trading Operations

022-22728005

user.trdops@bseindia.com

iBBS OFS (Reset Password)

Trading Operations

022-22728215

user.trdops@bseindia.com

RTRMS (New Users)

BSE RTRMS

022-22728080

rtrms@bseindia.com

RTRMS (Reset Password)

Trading Operations

022-22728215

user.trdops@bseindia.com

Extranet(Reset Password)

Trading Operations

022-22728215

user.trdops@bseindia.com

Webx

Trading Operations

022-22728215

user.trdops@bseindia.com

 

        For Further Details on iBBS OFS, Clearing & Settlement and Collateral Management

 

System

Point contact

Contact

Email

Trading Operations

Sandeep Pujari

022-22728376

sandeep.pujari@bseindia.com

Trading Operations

Nitin Masurkar

022-22728436

nitin.masurkar@bseindia.com

Trading Operations

Hormazdiar Mobedji

022-22725626

hormaz.mobedji@bseindia.com

Listing Sales

Atul Dhotre

022-22728125

atul.dhotre@bseindia.com

Listing Sales

Puja Choudhury

022-22728987

puja.choudhury@bseindia.com

Settlement

Ajay Darji

022-22728468

bse.csd@bseindia.com

Settlement

Dhananjay Chauhan

022-22725628

bse.csd@bseindia.com

Collateral Management

Rayan Menezes

022-22728467

rayan.menezes@icclindia.com

Collateral Management

Gaurav Patel

022-22728843

Gaurav.patel@bseindia.com

 

 

 

       Sandeep Pujari                                         Bhushan Mokashi                               Hitesh Shah

       AGM- Trading Operations                        ADGM- Listing Sales                            DGM- ICCL

      

       October 23, 2020