NewsCorporate ActionsEast India Drums & Barrels Promoter Announces 5% Stake Sale Through OFS on January 14-16, 2026East India Drums & Barrels Promoter Announces 5% Stake Sale Through OFS on January 14-16, 2026
East India Drums & Barrels Manufacturing Ltd promoter Shri Madhav Jayesh Valia announced an OFS of 7,38,711 equity shares (5% stake) scheduled for January 14-16, 2026, with a floor price of ₹125 per share. The offer will be conducted through BSE's separate window mechanism with Choice Equity Broking as the designated broker, aimed at achieving minimum public shareholding compliance under SEBI regulations.
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East India Drums & Barrels Manufacturing Ltd promoter Shri Madhav Jayesh Valia has announced plans to sell a 5% stake in the company through an Offer for Sale (OFS) mechanism. The announcement, made on January 13, 2026, outlines the sale of up to 7,38,711 equity shares scheduled for January 14-16, 2026.
OFS Structure and Timeline
The offer will be conducted over two trading days through BSE's separate window mechanism. Non-retail investors will have exclusive access on January 14, 2026 (T Day), while retail investors can participate on January 16, 2026 (T+1 Day). Both trading sessions will operate from 9:15 a.m. to 3:30 p.m. Indian Standard Time.
| Parameter: | Details |
|---|---|
| Offer Size: | Up to 7,38,711 equity shares |
| Stake Percentage: | 5% of total paid-up equity capital |
| Face Value: | ₹10.00 per share |
| Floor Price: | ₹125.00 per share |
| Trading Dates: | January 14-16, 2026 |
Allocation Methodology
The OFS follows a structured allocation approach with separate categories for different investor types. A minimum of 25% of offer shares will be reserved for mutual funds and insurance companies, subject to valid bids at or above the floor price. The retail portion is capped at 10% of the total offer shares.
For retail investors, the maximum bid value cannot exceed ₹2,00,000 across all stock exchanges. These investors have the option to bid at a specific price or choose the cut-off price, which will be determined based on non-retail investor bids received on T Day.
Settlement and Participation Terms
| Investor Category: | Settlement Timeline |
|---|---|
| Non-retail (T Day): | T+1 Day |
| Retail (T+1 Day): | T+2 Day |
| Institutional (without upfront): | As per secondary market rules |
Choice Equity Broking Pvt Ltd will serve as both the seller's broker and settlement broker for the transaction. The clearing corporation designated for the OFS is Indian Clearing Corporation Limited (ICCL).
Regulatory Compliance
The OFS is being undertaken to achieve minimum public shareholding requirements as prescribed under Rule 9(2)(b) of the Securities Contracts (Regulation) Rules, 1957, and Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The offer follows SEBI's Master Circular guidelines issued through circular number SEBI/HO/MRD-PoD2/CIR/P/2024-00181 dated December 30, 2024.
The promoter reserves the right to withdraw or cancel the offer under specific conditions, including insufficient response from non-retail investors or settlement defaults. In case of withdrawal, a cooling-off period of 10 trading days will apply before another OFS can be initiated.
Source: East India Drums & Barrels Manufacturing Ltd OFS Notice
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