Trading Members and Custodian Members of the Exchange are requested to note the Schedule of activities in respect of Offer for Sale of shares of NTPC LIMITED Scheduled for Tuesday, 29th August, 2017 and Wednesday, 30th August’2017 on the Exchange is as follows.
Particulars of OFS for NTPC LIMITED
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Security Name
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NTPC LIMITED
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Security Symbol
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NTPC
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Security Code
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532555
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ISIN
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INE733E01010
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Offer Size
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41,22,73,220 shares ( With an additional option to sell upto 41,22,73,220 shares ) ##
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Retail Offer Size
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8,24,54,644 shares ( With an additional option to sell upto 8,24,54,644 shares ) ##
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Reservation to Retail Investors
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20 % of Issue Size reserved for Retail Investors ( In case Seller exercises the Oversubscription amount on T day, not less than 10 % of the Offer Size shall be reserved for the Retail Investors for allocation on T + 1 day )
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Non-Retail Offer Size*
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32,98,18,576 shares ( With an additional option to sell upto 32,98,18,576 shares ) ##
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Market Lot
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1 share
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Tick Size
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Rs 0.05
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Face Value
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Rs 10/-
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Floor Price
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Rs 168.00/-
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Retail Discount
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5 % #
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Allocation Methodology
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Price Priority Basis
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Bid Opening Date ( IC/MF/OTH/NII)
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29th August’2017
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Bid Closing Date ( IC/MF/OTH/NII)
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29th August’2017
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Bid Opening Date ( RI/RIC )@
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30th August’2017
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Bid Closing Date ( RI/RIC )@
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30th August’2017
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# Retail Investors will be allocated Offer Shares at a discount of 5% to the Cut Off price in accordance with the SEBI OFS Circulars
## The Seller/Promoter will intimate the Exchange of its intention to exercise the Oversubscription (additional issue size) after trading hours (i.e. on or before 5.00 PM) on T day
@ And Un-allocated Bidders on T Day (29th August’2017) who choose to carry forward their bid on T+1 Day (30th August’2017)
Session Timings:
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LIVE OFS SESSION
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Date
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Day
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FROM
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TO
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Bid Entry Period (IC/MF/OTH/NII)
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29th August’2017
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T
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9.15 AM
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3.30 P.M.
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Bid Modification and Cancellation
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29th August’2017
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T
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9.15 AM
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3.30 P.M.
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Give up/Take up
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30th August’2017
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T + 1*
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10.00 AM
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1.00 PM
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Bid Entry Period (RI/RIC)@
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30th August’2017
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T + 1
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9.15 AM
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3.30 P.M.
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Bid Modification and Cancellation
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30th August’2017
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T + 1
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9.15 AM
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3.30 P.M.
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Give up/Take up
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31st August’2017
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T + 2*
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10.00 AM
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1.00 PM
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*Only for Institutional Investor bids of 0% Margin bids
@ And Un-allocated Bidders on T Day (29th August’2017) who choose to carry forward their bid on T+1 Day (30th August’2017)
OFS Module Accessibility
Categories for Bidding
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Investor Type
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Bidding
Category
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Margin Type
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Collateral Type for Bidding
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Bid Day
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Settlement Day
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Retail Investor
IND, HUF, NRI
(Bid value up to Rs. 2 Lacs)
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RI & RIC
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Upfront 100% Margin
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Cash & Cash Equivalents
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T + 1
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T + 3
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Retail Investors – IND, HUF, NRI
(Bid value above Rs. 2 Lacs)
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NII
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Upfront 100% Margin
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Cash
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T
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T + 1
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T + 1*
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T + 2
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Non Institutional Investor
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NII
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Upfront 100% Margin
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Cash
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T
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T + 1
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T + 1*
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T + 2
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Institutional Investor
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MF, IC, OTHS
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Upfront 100% Margin
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Cash
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T
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T + 1
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T + 1*
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T + 2
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Institutional Investor
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MF, IC, OTHS
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0% Margin
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Cash
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T
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T + 2
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T + 1*
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T + 3
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#Category Description: MF: Mutual Fund, IC: Insurance Company, NII: Non Institutional Investors (Includes, Individual, HUF, TRUST, Body Corporates, PMS), OTHS: Others (Includes FII, FI, Banks), RI: Retail Investors (Includes, Individual, HUF, NRI) RIC: Retail Investors Bidding at Cut off
* Non-Retail Bids carried forward from T day to T+1 Day.
Please Note:
- Retail Investor shall mean an individual investor who places bids for shares of total value of not more than Rs.2 lakhs
- Retail Investors have an Option to bid in “RI” “RIC” and/or “NII” category.
- Retail Investors can bid in “RI” and “RIC” Category upto (i.e. less or equal to) Rs 2 lacs
- Retail Investors can bid in NII category only above Rs. 2 Lacs
- Multiple bidding will be allowed.
- Additionally, Retail Bids bidding in NII category will NOT be allowed below Rs. 2 lacs
- Retail Investors bidding in NII category will not be eligible for discount (if any) offered by Seller(s).
- If the cumulative bid value of a retail investor across Exchanges in “RI” “RIC” and “NII” category exceeds Rs.2 lacs, the bids in the “RI” and ”RIC” category shall become ineligible
- If the cumulative bid value of a retail investor in “RI” and “RIC”across Exchanges exceeds Rs. 2 Lacs, all such bids will not be eligible for allocation
- To place Retail Investor bids at Cut Off Price, Users are required to select RIC category
- Cut-off price will be determined based on the bids received on T Day
- Margin will be blocked on Cut-off price of Non Retail Investors
- There is no change in rule and mechanism for bidding for Other Categories - NII, MF, IC, OTHS
- The un-allocated bids of T day will be available for carry forward in the Un-allocated Bid Book on T+1 day
File Download Details:
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Files
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Category
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Date
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Day
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Timings
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Download of Allocation file from iBBS module
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IC,MF.OTH,NII
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29th August’2017
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T
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6:00 P.M. onwards
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Download of Trade file and from extranet
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IC,MF.OTH,NII
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29th August’2017
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T
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6:30 P.M. onwards
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Download of Allocation file from iBBS module
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RI/ RIC and/ or Unallocated Bids of T Day
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30th August’2017
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T + 1
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6:00 P.M. onwards
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Download of Trade file and from extranet
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RI/ RIC and/ or Unallocated Bids of T Day
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30th August’2017
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T + 1
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6:30 P.M. onwards
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Settlement Details:
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T Day’s Bidding
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Settlement Type
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OFS
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Settlement Number
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1718024
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Non Retail
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Pay-in of funds (For 100% margin bids).
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(T+1 Day) 30th August’2017 By 10.00 A.M.
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Pay-out of Funds / Securities (For 100% margin bids).
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(T+1 Day) 30th August’2017 By 12:30 P.M.
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Settlement Type
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OFST2
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Pay in funds (For 0% margin bids).
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(T+2 Day) 31st August’2017 By 10.00 A.M.
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Pay out of Funds / Securities ( For 0% margin bids)
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(T+2 Day) 31st August’2017 By 12:30 P.M.
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T+1 Day’s Bidding
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Settlement Type
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OFS
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Settlement Number
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1718025
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Un-allocated carried forward bids of T day and Retail bids.
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Pay-in of funds (For 100% margin bids).
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(T+2 Day) 31st August’2017 By 10.00 A.M.
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Pay-out of Funds / Securities (For 100% margin bids).
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(T+2 Day) 31st August’2017 2017 By 12:30 P.M.
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Settlement Type
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OFST2
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Pay in funds (For 0% margin bids and Retail bids).
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(T+3 Day) 1st September’2017 By 10.00 A.M.
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Pay out of Funds / Securities (For 0% margin bids and retail bids)
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(T+3 Day) 1st September’2017 By 12:30 P.M.
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Further notes:
1. Also refer to the Exchange Notices no. 20160218-33 dated February 18, 2016 for operational instructions for participation in OFS.
2. If no securities are allocated there will be no EOD files generated in extranet.
3. Members and Custodians to note that if no securities are allocated then the cash collateral deposited will be released at EOD on T day.
- Institutional Investors have an option to pay for 100% upfront margin or 0% Margin (no margin). Whereas, Non Institutional Investors have to pay 100% margin only.
- In respect of bids in the Retail Category (RI) and Retail Individual Investor (RIC), Clearing Corporation shall collect margin to the extent of 100% of order value in cash or cash equivalents. Pay-in and pay-out for retail bids shall take place as per normal secondary market transactions.
6. Members will also have a facility for on-line real-time give-up of bids to the Custodians for their confirmation. In such cases, on confirmation of 100% margin bids by Custodians, the cash collateral of the Custodians will be directly adjusted upfront on an on-line real-time basis without adjusting the bidding Member’s cash collateral. For this purpose, the bid entry screen would enable the Member to give up bids to Custodians at the time of bidding. However, such bids will be treated as incomplete bids and will be given temporary bid ids till confirmation by the Custodians. Once these 100% margin bids are accepted by Custodians via RTRMS, the bids will be treated as confirmed bids. If the 100% margin online given-up bids are either rejected by the Custodians or not confirmed by the Custodians till end of the bid session on T Day & T+1 Day (for the bids of T+1 Day) (by 3:30 PM), then such bids will be treated as cancelled and will accordingly lapse.
- The following orders shall be valid in the OFS window:
a. Orders with 100% of margin paid upfront by institutional investors and non-institutional investors. Such orders can be modified or cancelled at any time during the trading hours.
b. Orders without paying upfront margin by institutional investors only. Such orders cannot be modified or cancelled by the investors or stock brokers, except for making upward revision in the price or quantity.
Information on Login Ids and Resetting passwords
Members and Custodians are requested to use the following contacts for any information on creation of new login ids and resetting of passwords:
For Further Details on iBBS OFS, Clearing & Settlement and Collateral Management
Sandeep Pujari Bhushan Mokashi Hitesh Shah
AGM- Trading Operations ADGM- Listing Sales AGM- ICCL
August 28th, 2017
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