The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Kala Ghoda, Mumbai, Maharashtra, India.

About BSE OFS Settlement and allocation:

Allocation

Minimum of 25% of the shares offered shall be reserved for mutual funds and insurance companies, subject to allocation methodology. Any unsubscribed portion thereof shall be available to the other bidders.

The orders shall be cumulated by the DSE immediately on close of the offer. Based on the methodology for allocation to be followed as disclosed in the notice, the DSE shall draw up the allocation. i.e. either on a price priority (multiple prices) basis or on a proportionate basis at a single clearing price.

No allocation will be made in case of order/ bid is below floor price.

No single bidder other than mutual funds and insurance companies shall be allocated more than 25% of the size of offer for sale.

The allocation details shall be shared by the DSE with the other exchange after the allocation is crystallized.

Settlement

The allocation and the obligations resulting thereof shall be intimated to the brokers on T day.

Settlement shall take place on trade for trade basis. For non-institutional orders/bids and for institutional orders with 100% margin, settlement shall take place on T+1 day.

Funds collected from the bidders who have not been allocated shares shall be released after the download of the obligation.

Contact:

Corporate Office

BSE Limited

Phiroze Jeejeebhoy Towers
Dalal Street
Mumbai- 400001
Phones : 91-22-22721233/4, 91-22-66545695 (Hunting)
Fax : 91-22-22721919