| Opening of Offer for Sale for Indo Tech Transformers Ltd |
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 Seller Promoter, Shirdi Sai Electricals Limited proposes to sell upto 3,85,498 Equity Shares of Indo Tech Transformers Lt. ("the Company") (“Sale Shares”), representing approximately 3.63% of the total issued, subscribed and paid-up Equity Share capital of the Company, by way of an Offer For Sale (“OFS”) through a separate, designated window of the BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE”) collectively referred as (the “Stock Exchanges”) on August 30,2021 (“T day”), (for non-retail investors only) and on August 31, 2021 (“T+1 day”) (for retail investors (“Retail Investors”) and non-Retail Investors who choose to carry forward their un-allotted bids).
The Sale Shares are proposed to be sold in accordance with: (a) The ‘Comprehensive Guidelines on Offer for Sale of Shares by Promoters through Stock Exchange Mechanism’ issued by the Securities and Exchange Board of India (“SEBI”) vide its circular no. CIR/MRD/DP/18/2012 dated July 18, 2012, as amended and updated by circular nos. CIR/MRD/DP/04/2013 dated January 25, 2013, CIR/MRD/DP/17/2013 dated May 30, 2013, CIR/MRD/DP/24/2014 dated August 8, 2014, CIR/MRD/DP/32/2014 dated December 1 2014, CIR/MRD/DP/12/2015 dated June 26, 2015, CIR/MRD/DP/36/2016 dated February 15, 2016, CIR/MRD/DP/65/2017 dated June 27, 2017 and SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 (the “OFS Circular”), read together with Section 21 of Chapter I of the ‘Master Circular for Stock Exchange and Clearing Corporation’, issued by SEBI vide its circular no. SEBI/HO/MRD/DP/CIR/P/117 dated October 25, 2019 (the “OFS Master Circular”, and together referred to as “SEBI OFSCirculars”); and (b)The ‘Revised Operational Guidelines for Offer for Sale (OFS) Segment’ issued by BSE, vide its notice no. 20200701-27 dated July 1, 2020 read alongwith notice no. 20210322-21 dated March 22, 2021 and to the extent applicable, the previous notices issued by BSE in this regard including notice no. 20190118-43 dated January 18, 2019, notice no. 20160218-33 dated February 18, 2016, notice no. 20150702-28 dated July 2, 2015, 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. 201202228-30 dated February 28, 2012 and notice no. 20120222-34 dated February 22, 2012; and (c) the ‘Offer for Sale-Introduction of Interoperability’ issued by the NSE through its circular no. 51/2020 and dated June 30, 2020, and ‘Offer for Sale – Retail category price bids below cut-off not allowed in RS series on T+1 day’ issued by NSE through its circular no. NSE/CMTR/47711 dated March 22, 2021 and, to the extent applicable, the previous circulars issued by NSE in this regard including circular no. 08/2019 dated January 18, 2019, circular no. 10/2016 dated February 19, 2016, circular no. 29/2015 dated June 30, 2015, circular no. 6/2015 dated January 28, 2015, circular no. 44/2014 dated September 2, 2014, circular no. 52/201 3 dated May 30, 2013, circular no, 0037/2013 dated January 31, 2013, circular no. 005/2013 dated January 30, 2013, circular no. 52/2012 dated August 2, 2012, circular no. 73/2012 dated February 24, 2012, and circular no. 2/2012 dated February 21, 2012.
The particulars of the above offer for sale are attached to this notice.
The floor price of the Offer shall be Rs. 140/- (Rupees One Hundred and Forty Only) per Equity Share of the Company.
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 – www.bseindia.com.
Atul Dhotre
Senior Manager
Listing Sales & Ops
August 27, 2021
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