Trading Members and Custodians are requested to refer to notice nos. 20190118-43 dated January 18, 2019, 20200701-27 dated July 01,2020 and 20230127-14 dated January 27,2023 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” and SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023, regarding “Comprehensive Framework on Offer for Sale (OFS) of Shares through Stock Exchange Mechanism”.
All Market Participants are hereby informed that Aditya Agarwal (“The Seller ”), a part of the promoter group of Dhatre Udyog Limited (Formerly known as Narayani Steels limited) (the “Company”) proposes to sell up to 11,50,000 equity shares of the Company of face value of Rs. 10.00 (representing up to 10.55% of the total paid up equity share capital of the Company) (“Base Offer Size”) on January 18, 2024 (“T Day”) (for Non-Retail Investors only) and on January 19, 2024 (“T+1 Day”) (for Retail Investors and for Non-Retail Investors from T Day, who choose to carry forward their un-allotted bids) 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, SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018 (the “OFS Circular”) and SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023 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.
The floor price of the Offer shall be Rs.200.00/- per Equity Share.
BSE will be the designated stock exchange for the said OFS.
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.
Mangesh Tayde
Deputy General Manager
Listing Business Relationship
January 17, 2024 |