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 HDFC LIFE INSURANCE COMPANY LTD scheduled for Tuesday, 12th March 2019 and Wednesday, 13th March’2019 on the Exchange is as follows.
Particulars of OFS for HDFC LIFE INSURANCE COMPANY LTD
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Security Name
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HDFC LIFE INSURANCE COMPANY LTD
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Security Symbol
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HDFCLIFE
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Security Code
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540777
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ISIN
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INE795G01014
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Offer Size
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7,00,00,000
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Base Offer Size – 7,00,00,000 shares and Additional Option to sell upto 2,95,00,000 shares ( Oversubscription Option ) Total Shares (Base Size + Green Shoe) 9,95,00,000 . The seller shall intimate the stock exchanges of its intention to exercise the oversubscription after trading hours (i.e. on or before 5 pm) on March 12th, 2019
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Retail Offer Size
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10 % of Issue Size reserved for Retail
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Reservation to Retail Investors
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70,00,000 shares
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Base Offer Size – 70,00,000 shares and Oversubscription Option of 29,50,000 shares. Total Shares (Base Size + Green Shoe) 99,50,000
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Non-Retail Offer Size
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6,30,00,000 shares
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Base Offer Size – 6,30,00,000 shares and Oversubscription Option of 2,65,50,000 shares. Total Shares (Base Size + Green Shoe) 8,95,50,000
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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 357.50/-
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Allocation Methodology
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Price Priority Method
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Bid Opening Date ( IC/MF/OTH/NII)
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12th March’2019
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Bid Closing Date ( IC/MF/OTH/NII)
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12th March’2019
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Bid Opening Date ( RI/RIC )@
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13th March’2019
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Bid Closing Date (RI/RIC)@
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13th March’2019
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@ And Un-allocated Bidders on T Day (12th March’2019) who choose to carry forward their bid on T+1 Day (13th March’2019)
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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12th March’2019
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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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12th March’2019
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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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13th March’2019
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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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13th March’2019
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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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13th March’2019
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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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14th March’2019
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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 (12th March’2019) who choose to carry forward their bid on T+1 Day (13th March’2019)
OFS Module Accessibility
** - For details on setting for accessing Leased Line URL Refer Exchange Circular No. -20170503-12
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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12th March’2019
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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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12th March’2019
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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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13th March’2019
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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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13th March’2019
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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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1819044
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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) 13th March’2019 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) 13th March’2019 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) 14th March’2019 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) 14th March’2019 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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1819045
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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) 14th March’2019 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) 14th March’2019 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) 15th March’2019 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) 15th March’2019 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:
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System
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Point contact
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Contact
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Email
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iBBS OFS (New Users)
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Trading Operations
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022-22728005
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user.trdops@bseindia.com
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iBBS OFS (Reset Password)
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Trading Operations
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022-22728215
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user.trdops@bseindia.com
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RTRMS (New Users)
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BSE RTRMS
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022-22728080
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rtrms@bseindia.com
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RTRMS (Reset Password)
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Trading Operations
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022-22728215
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user.trdops@bseindia.com
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Extranet(Reset Password)
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Trading Operations
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022-22728215
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user.trdops@bseindia.com
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Webx
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Trading Operations
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022-22728215
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user.trdops@bseindia.com
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For Further Details on iBBS OFS, Clearing & Settlement and Collateral Management
Sandeep Pujari Bhushan Mokashi Hitesh Shah
AGM- Trading Operations ADGM- Listing Sales DGM- ICCL
March 11th, 2019
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