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 that Usman Faheed Fayaz and Jose Charles Martin, the seller promoters of SDC TechMedia Ltd, propose to sell upto 10,80,000 equity shares (representing up to 16.63% of the total issued and paid-up equity share capital of the Company) (“Offer Size”) on February 23, 2022 (“T Day”) (for non Retail Investors only) and on February 24, 2022 (“T+1 Day”) (for Retail Investors and for non-Retail Investors from T Day, who choose to carry forward their un-allotted bids) (the Equity Shares forming part of the Offer Size will hereinafter be referred to as the “Sale”), through a separate, designated window of BSE Limited (“BSE”), 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 and updated 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 Corporation” issued by the SEBI through its circular no. SEBI/HO/MRD/DP/CIR/P/117 dated October 25, 2019 (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 BSE through its notice no. 20200701-27 dated July 1, 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.
BSE shall be the Designated Stock Exchange for the same.
The floor price of the Offer shall be Rs. 5 /- (Rupees Five Only) per Equity Share.
Note:
The equity shares of the company are listed only on the SME Platform of BSE. Presently, the market lot for trading purpose is of 10,000 equity shares. Thus, investors posting their bids for OFS are required to place minimum bid of 10,000 equity shares or bids in the multiples of 10,000 equity shares only.
Further, the allocation of the shares will be in the market lot of 10,000 equity shares. There could be a possibility that some of the bidders biding at clearing price may not be allocated any shares.
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.
Atul Dhotre
Senior Manager
Listing Sales & Ops
February 22, 2022 |