Notice No.   20210118-24   Notice Date   18 Jan 2021
Category   Trading   Segment   Equity
Subject   Opening of Offer for Sale for SIEL Financial Services Limited
Attachments   Notice for OFS.pdf ;

Trading and Custodian Members of the Exchange are requested to refer to notice nos. 20190118-43 dated January 18, 2019 and 20200701-27 dated July 01, 2020, detailing Revised Guidelines for Bidding in Offer for Sale (OFS) Segment. The above guidelines were issued by the Exchange with reference to Securities and Exchange Board of India (SEBI) circular no. SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 regarding “Review of Offer for Sale (OFS) of Shares through Stock Exchange Mechanism”.

All Market Participants are hereby informed that the Mawana Sugars Limited  (“Seller”), one of the members of the promoter group of the SIEL Financial Services Limited (“Company”) proposes to sell up to 21,05,568 shares of face value of Rs.10/- each, representing 18.56% of total paid-up equity share capital of the Company on January 19, 2021 for Non Retail Investors (T day) and on January 20, 2021 for Retail Investors & Non Retail Investors who choose to carry forward Bids their unallocated bids (T+1 Day) through sale on separate designated window of BSE Limited (the "BSE") ( the "Stock Exchange") in accordance with the "Revised Comprehensive modified Guidelines for Bidding in Offer for Sale (OFS) Segment" issued by BSE through its notice no. 20190118-43 dated January 18, 2019, notice no. 20160218-33 dated February 18, 2016, notice no. 20150702-28 dated July 2, 2015, and, to the extent applicable, the previous notices issued by the BSE in this regard including notice no. 20150122-30 dated January 22, 2015, notice no. 20140902-33 dated September 2, 2014, notice no. 20130129-23 dated January 29, 2013, notice no. 20120727-26 dated July 27, 2012, notice no. 20120228-30 dated February 28, 2012 and notice no. 20120222-34 dated February 22, 2012; (the "OFS Offer").

The particulars of the above offer for sale are attached to this notice.

The floor price of the Offer shall be Rs. 1.50/- (Rupees One and Fifty Paise Only) per Equity Share of the Company. 

5% discount is being offered to Retail Investors to Cut Off Price.

BSE will be Designated Stock Exchange for this issue

 Market participants are further requested to note that the Exchange would disseminate the details of this Offer for Sale on BSE Website –


Atul Dhotre

Senior Manager

Listing Sales & Ops

January 18, 2021