|Opening of Offer for Sale for of IndoStar Capital Finance Limited
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 Indostar Capital ("the Promoter Seller") of IndoStar Capital Finance Limited (the “Company”) proposes to sell up to an aggregate of 6,189,737 Equity Shares (representing 5.00% of the total issued and paid-up Equity Share capital of the Company on a non-fully diluted basis and 4.56% of the total issued and paid-up Equity Share capital of the Company on a fully diluted basis) (“Base Offer Size”) on August 20, 2021 (“T Day”) (for non-retail investors only) and on August 23, 2021 (“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 up to 6,189,737 Equity Shares (representing 5.00% of the total issued and paid-up Equity Share capital of the Company on a non-fully diluted basis and 4.56% of the total issued and paid-up Equity Share capital of the Company on a fully diluted basis) (the “Oversubscription Option” and in the event the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will, collectively, hereinafter be referred to as the “Sale Shares”, but in the event the Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will hereinafter be referred to as the “Sale Shares”), through a separate, designated window of the BSE Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE” and together with BSE, the “Stock Exchanges”) (such sale referred to hereinafter as the “Sale/ Offer”), and in accordance with a) the “Comprehensive Guidelines on Offer for Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism” issued by the Securities and Exchange Board of India (the “SEBI”) through its circular no. CIR/MRD/DP/18/2012 dated July 18, 2012 as amended by circulars 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”), and section 21 of chapter 1 of the “Master Circular for Stock Exchange and Clearing Corporations” issued by SEBI through its circular no. SEBI/HO/MRD2/MRD2_DCAP/P/CIR/2021/0000000591 dated July 5, 2021 (the “OFS Master Circular”, and together with the OFS Circular, the “SEBI OFS Circulars”); b) the “Revised Operational Guidelines for Offer for Sale (OFS) Segment” issued by the BSE through its notice no. 20200701-27 dated July 1, 2020 and, to the extent applicable, the previous notices issued by the BSE in this regard; 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 the NSE in this regard.
The particulars of the above offer for sale are attached to this notice.
BSE shall be Designated Exchange for this Offer for Sale.
The floor price for the Offer shall be Rs. 290 (Rupees Two Hundred and Ninety only) per Equity Share
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.
Listing Sales & Ops
August 18, 2021