Notice No20211014-19Notice Date14 Oct 2021
SubjectOpening of Offer for Sale for Shraddha Prime Projects Ltd (Formerly Known As Towa Sokki 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 the Seller Promoter, Sudhir Balu Mehta  proposes to  sell up to an aggregate of 5,99,714 (Five Lakh Ninety Nine Thousand Seven Hundred Fourteen only) equity shares of face value of 10/- each (“Equity Shares”) representing 13.17% of the total issued, subscribed and paid-up Equity Share Capital of the Shraddha Prime Projects Ltd (Formerly Known As Towa Sokki Limited (The Company) on October 18, 2021 (“T day”) (for Non-Retail Investors only) and on October 19, 2021 (“T+1 day”) (for Retail Investors and Non-Retail Investors who choose to carry forward their un-allotted bids), the Equity shares forming part of the Offer Size will hereinafter be referred to as “Offer Shares”, through a sale on the separate designated window provided by the BSE Limited (“BSE” or “Stock Exchange”) referred to as (the “Sale”)

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 circular no. CIR/MRD/DP/18/2012 dated July 18, 2012, as amended by circular (number CIR/MRD/DP/04/20 13) dated January 25, 2013, circular (number CIR/MRD/DP/ 17/20 13) dated May 30, 2013, circular (number CIR/MRD/DP/24/20 14) dated August 8, 2014, circular (number CIR/MRD/DP/32/20 14) dated December I, 2014, circular (number CIRIMRD/DP/12/20 15) dated June 26, 2015, circular (number CIR/MRD/DP/36/2016) dated February 15, 2016, circular (number CIR/MRD/DP/65/2017) dated June 27, 2017 and circular no. SEBI/HO//MRD/DOPI/CIR/P/20 181159 dated December 28, 2018 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. SEBIIHO/MRD/DP/CIRIPIJ 17 dated October 25, 2019 (together referred to as "SEBI OFS Circulars"); and B) the "Revised Operational Guidelines for Offer for Sale (OFS) Segment" issued by BSE through its notice no. 20200701-27 dated July 01, 2020 and, to the extent applicable, the previous notices issued by BSE in this regard.

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

The floor price of the Offer shall be Rs. 20/- (Rupees Twenty 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 –


Atul Dhotre

Senior Manager

Listing Sales & Ops

October 14, 2021


OFS Notice_SPPL.pdf