Desktop Site
|
18 Oct 24 | 16:00
|
Close
Equity
SME
Eq Drv
Currency
Commodity
Corporates
Get Quote
*
Notices
|
BSE SENSEX
81,224.75
+218.14
+0.27 %
Corporate Announcement
Security Code
544022
Company
ASK Automotive Ltd
Exchange Disseminated Time
25/09/2024 17:28:26
Notice of Offer for Sale of Shares by Promoter & Floor Price |
9/25/2024 5:28:26 PM
Kuldip Singh Rathee is one of the promoters (Seller) of ASK Automotive Ltd (the "Company"). The Seller proposes to sell up to 1,08,42,843 Equity Shares of the Company, (representing 5.50% of the total issued and paid up equity share capital of the Company) ("Base Offer Size"), on September 26, 2024, ("T day") (for non-Retail Investors only) and on September 27, 2024 ("T+1 day") (for Retail Investors and for non-Retail Investors who choose to carry forward their un-allotted bids) with an option to additionally sell up to 10,84,284 Equity Shares (representing 0.55% of the total issued and paid up equity share capital of the Company) (the "Oversubscription Option", and in the event that the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 6.05% of outstanding issue and paid-up Equity Shares of the Company, i.e., 1,19,27,127 Equity Shares (held in dematerialized form in one or more demat accounts with the relevant depository participant), and will collectively, hereinafter be referred to as "Offer Shares" while in the event that such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as "Offer Shares") through a separate, designated window of the BSE Limited (the "BSE") and the National Stock Exchange of India Limited ("NSE", and together with the BSE, the "Stock Exchanges"), in accordance with the OFS Guidelines (such offer for sale hereinafter referred to as the "Offer").
- Dates and time of the opening and closing of the Offer : The Offer shall take place over two trading days on a separate window of the Stock Exchanges on September 26, 2024 ("T" day) and September 27, 2023 ("T+1" day), from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days, as per details given below.
For non-Retail Investors (defined below)
Only non-Retail Investors shall be allowed to place their bids on T day, i.e., September 26, 2024. While placing their bids, non-Retail Investors may indicate their willingness to carry forward their un-allotted bids to T+1 day for allocation to them in the unsubscribed portion of Retail Categoryo (defined below).
The Offer shall take place during trading hours on a separate window of the Stock Exchanges on T Day, i.e., September 26, 2024 commencing at 9:15 a.m. and shall close at 3:30 p.m. Indian Standard Time on the same date.
For Retail Investors (defined below) and for non-Retail Investors who choose to carry forward their un-allotted bids to September 27, 2024 ("T+1 Day")
The Offer shall continue to take place during trading hours on a separate window of the Stock Exchanges on T+1 day, i.e., September 27, 2024 commencing at 9:15 a.m. and shall close on the same date at 3:30 p.m. Indian Standard Time on the same date.
Only Retail Investors (defined below) shall be allowed to place their bids on T+1 day, i.e., September 27, 2024. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their unallotted bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the OFS Guidelines.
- Floor Price : The floor price for the Offer shall be Rs. 433 (Rupees Four Hundred and Thirty-Three only) per Equity Share ("Floor Price").
Attachment
<< Back
Recently Viewed