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    Notices
    Notice No20190129-37Notice Date29 Jan 2019
    CategoryTradingSegmentEquity
    SubjectOpening of Offer for Sale for L&T TECHNOLOGY SERVICES LIMITED- Activities Schedule
    Content

    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 L&T TECHNOLOGY SERVICES LIMITED scheduled for Wednesday, 30th January 2019 and Thursday, 31st January’2019 on the Exchange is as follows.

    Particulars of OFS for L&T TECHNOLOGY SERVICES LIMITED

     

    Security Name

    L&T TECHNOLOGY SERVICES LIMITED

    Security Symbol         

    LTTS

    Security Code                                                

    540115

    ISIN

    INE010V01017

    Offer Size

    55,92,807 shares

     

    Base Offer Size – 30,00,000 shares and Additional Option to sell upto 25,92,807 shares (Oversubscription Option) Total Shares (Base Size + Green Shoe) 55,92,807. 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 January 30, 2019

    Retail Offer Size

    10 % of Issue Size reserved for Retail

    Reservation to Retail Investors

    5,59,281 shares

     

    Base Offer Size – 3,00,000 shares and Oversubscription Option of 2,59,281 shares. Total Shares (Base Size + Green Shoe) 5,59,281

    Non-Retail Offer Size

    50,33,526 shares

     

    Base Offer Size – 27,00,000 shares and Oversubscription Option of 23,33,526 shares. Total Shares (Base Size + Green Shoe) 50,33,526

    Market Lot

    1 share

    Tick Size

    Rs 0.05

    Face Value

    Rs 2/-

    Floor Price

    Rs 1610.00/-

    Allocation Methodology

    Price Priority Method

    Bid Opening Date ( IC/MF/OTH/NII)

    30th January’2019

    Bid Closing Date   ( IC/MF/OTH/NII)

    30th January’2019

    Bid Opening Date ( RI/RIC )@

    31st January’2019

    Bid Closing Date (RI/RIC)@

    31st January’2019

     

    @ And Un-allocated Bidders on T Day (30th January’2019) who choose to carry forward their bid on T+1 Day (31st January’2019)

     

    Session Timings:

     

    LIVE OFS SESSION

    Date

    Day

    FROM

    TO

    Bid Entry Period (IC/MF/OTH/NII)

    30th January’2019

    T

    9.15 AM

    3.30 P.M.

    Bid Modification and Cancellation

    30th January’2019

    T

    9.15 AM

    3.30 P.M.

    Give up/Take up

    31st January’2019

    T + 1*

    10.00 AM

    1.00 PM

    Bid Entry Period (RI/RIC) @

    31st January’2019

    T + 1

    9.15 AM

    3.30 P.M.

    Bid Modification and Cancellation

    31st January’2019

    T + 1

    9.15 AM

    3.30 P.M.

    Give up/Take up

    1st February’2019

    T + 2*

    10.00 AM

    1.00 PM

     

     

    *Only for Institutional Investor bids of 0% Margin bids

    @ And Un-Allocated Bidders on T Day (30th January’2019) who choose to carry forward their bid on T+1 Day (31st January’2019)

     

     

    OFS Module Accessibility

     

     

    URL for accessing iBBS platform

    Internet : https://ibbs.bseindia.com/

    Leased Line** : https://ibbsll.bseindia.com/

    URL for accessing RTRMS

    Internet : https://rtrms.bseindia.com/

    Leased Line** : https://rtrmsll.bseindia.com/

    URL for accessing Extranet for Files (for Members & Custodians)**

    Internet : https://member.bseindia.com/

    Leased Line** : https://memberll.bseindia.com/

     

    ** - For details on setting for accessing Leased Line URL Refer Exchange Circular No. -20170503-12

     

     

    Categories for Bidding

     

    Investor Type

    Bidding

    Category

    Margin Type

    Collateral Type for Bidding

    Bid Day

    Settlement Day

    Retail Investor

    IND, HUF, NRI

    (Bid value up to Rs. 2 Lacs)

    RI & RIC

    Upfront 100% Margin

    Cash & Cash Equivalents

    T + 1

    T + 3

    Retail Investors – IND, HUF, NRI

    (Bid value above Rs. 2 Lacs)

    NII

    Upfront 100% Margin

    Cash

    T

    T + 1

    T + 1*

    T + 2

    Non-Institutional Investor

    NII

    Upfront 100% Margin

    Cash

    T

    T + 1

    T + 1*

    T + 2

    Institutional Investor

    MF, IC, OTHS

    Upfront 100% Margin

    Cash

    T

    T + 1

    T + 1*

    T + 2

    Institutional Investor

    MF, IC, OTHS

    0% Margin

    Cash

    T

    T + 2

    T + 1*

    T + 3

     

    #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:

    1. Retail Investor shall mean an individual investor who places bids for shares of total value of not more than Rs.2 lakhs
    2. Retail Investors have an Option to bid in “RI” “RIC” and/or “NII” category.
      1. Retail Investors can bid in “RI” and “RIC” Category upto (i.e. less or equal to) Rs 2 lacs
      2. Retail Investors can bid in NII category only above Rs. 2 Lacs          
    3. Multiple bidding will be allowed.
    4. Additionally, Retail Bids bidding in NII category will NOT be allowed below Rs. 2 lacs
    5. Retail Investors bidding in NII category will not be eligible for discount (if any) offered by Seller(s).
    6. 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   
    7. 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
    8. To place Retail Investor bids at Cut Off Price, Users are required to select RIC category
    9. Cut-off price will be determined based on the bids received on T Day
    10. Margin will be blocked on Cut-off price of Non-Retail Investors
    11. There is no change in rule and mechanism for bidding for Other Categories - NII, MF, IC, OTHS   
    12. The un-allocated bids of T day will be available for carry forward in the Un-allocated Bid Book on T+1 day
    13.  

    File Download Details:

     

    Files

    Category

    Date

    Day

    Timings

    Download of Allocation file from iBBS module

    IC, MF.OTH, NII

    30th January’2019

    T

    6:00 P.M. onwards

    Download of Trade file and from extranet

    IC, MF.OTH, NII

    30th January’2019

    T

    6:30 P.M. onwards

    Download of Allocation file from iBBS module

    RI/ RIC and/ or Unallocated Bids of T Day

    31st January’2019

    T + 1

    6:00 P.M. onwards

    Download of Trade file and from extranet

    RI/ RIC and/ or Unallocated Bids of T Day

    31st January’2019

    T + 1

    6:30 P.M. onwards

     

     

     

     

    Settlement Details:

     

    T Day’s Bidding

     

    Settlement Type

    OFS

    Settlement Number

    1819036

     

    Non-Retail

    Pay-in of funds (For 100% margin bids).

    (T+1 Day) 31st January’2019 By 10.00 A.M.

    Pay-out of Funds / Securities (For 100% margin bids).

    (T+1 Day) 31st January’2019 By 12:30 P.M.

    Settlement Type

    OFST2

    Pay in funds (For 0% margin bids).

    (T+2 Day) 1st February’2019 By 10.00 A.M.

    Pay out  of Funds / Securities ( For 0% margin bids)

    (T+2 Day) 1st February’2019 By 12:30 P.M.

     

     

    T+1 Day’s Bidding

     

    Settlement Type

    OFS

    Settlement Number

    1819037

     

    Un-allocated carried forward bids of T day and Retail bids. 

    Pay-in of funds (For 100% margin bids).

    (T+2 Day) 1st February’2019’2019 By 10.00 A.M.

    Pay-out of Funds / Securities (For 100% margin bids).

    (T+2 Day) 1st February’2019’2019 By 12:30 P.M.

    Settlement Type

    OFST2

    Pay in funds (For 0% margin bids and Retail bids).

    (T+3 Day) 4th February’2019 By 10.00 A.M.

    Pay out of Funds / Securities (For 0% margin bids and retail bids)

    (T+3 Day) 4th February’2019 By 12:30 P.M.

     

     

     

    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.

    1. 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.
    2. 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.

     

    1. 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:

     

    System

    Point contact

    Contact

    Email

    iBBS OFS (New Users)

    Trading Operations

    022-22728005

    user.trdops@bseindia.com

    iBBS OFS (Reset Password)

    Trading Operations

    022-22728215

    user.trdops@bseindia.com

    RTRMS (New Users)

    BSE RTRMS

    022-22728080

    rtrms@bseindia.com

    RTRMS (Reset Password)

    Trading Operations

    022-22728215

    user.trdops@bseindia.com

    Extranet(Reset Password)

    Trading Operations

    022-22728215

    user.trdops@bseindia.com

    Webx

    Trading Operations

    022-22728215

    user.trdops@bseindia.com

     

            For Further Details on iBBS OFS, Clearing & Settlement and Collateral Management

     

    System

    Point contact

    Contact

    Email

    Trading Operations

    Sandeep Pujari

    022-22728376

    sandeep.pujari@bseindia.com

    Trading Operations

    Bron Dabre

    022-22728436

    bron.dabre@bseindia.com

    Trading Operations

    Anmol Kumar

    022-22728226

    anmol.kumar@bseindia.com

    Trading Operations

    Hormazdiar Mobedji

    022-22725626

    hormaz.mobedji@bseindia.com

    Listing Sales

    Amrin Memon

    022-22728125

    amrin.memon@bseindia.com

    Listing Sales

    Prachi Pandya

    022-22728987

    prachi.pandya@bseindia.com

    Settlement

    Ajay Darji

    022-22728468

    ajay.darji@icclindia.com

    Settlement

    Nilesh Shah

    022-22728704

    nilesh.shah@icclindia.com   

    Collateral Management

    Rayan Menezes

    022-22728467

    rayan.menezes@icclindia.com

    Collateral Management

    Gaurav Patel

    022-22728843

    Gaurav.patel@bseindia.com

     

     

     

           Sandeep Pujari                                         Bhushan Mokashi                               Hitesh Shah

           AGM- Trading Operations                        ADGM- Listing Sales                            DGM- ICCL

          

           January 29th, 2019