BSE Scrip: [Scrip Code Not Specified in Data]
Announcement Date: June 17, 2026
Offer Details:
Type of Transaction: Offer for Sale (OFS) through stock exchange mechanism
Seller (Promoter): Bosch Global Software Technologies Private Limited
Number of Shares Offered: Up to 1,963,994 Equity Shares (Base Offer Size representing 7.22% of paid-up capital)
Percentage of Paid-Up Equity: 7.22% (Base Offer Size)
Oversubscription Option: Up to 202,634 additional Equity Shares (0.75% of paid-up capital)
Timelines:
T Day (Non-Retail Investors): Thursday, June 18, 2026
T+1 Day (Retail Investors and Carry-Forward Bids): Friday, June 19, 2026
Bidding Hours: 9:15 a.m. to 3:30 p.m. Indian Standard Time on both days
Pricing & Allocation:
Floor Price: ₹1,150 per Equity Share
Retail Discount: Nil
Allocation Method:
- Allocation at or above Floor Price on price priority basis at multiple clearing prices
- No single bidder (except Mutual Funds and Insurance Companies) allocated more than 25% of Offer Shares
Non-Retail Category Allocation:
- Minimum 25% reserved for Mutual Funds and Insurance Companies (subject to valid bids ≥ Floor Price)
- Non-Retail Investors can indicate willingness to carry forward un-allotted bids to T+1 day
- Allocation done from Offer Size and oversubscription option if exercised
- Proportional allocation in case of oversubscription at clearing price
Retail Category Allocation:
- Retail Investor defined as individual investor bidding for total value ≤ ₹200,000 across exchanges
- Minimum 10% reserved for Retail Investors (subject to valid bids)
- Retail Investors may bid at any price above Floor Price or at "Cut-Off Price"
- Cut-Off Price means lowest price at which Offer Shares are sold in Non-Retail Category
- Proportional allocation in case of oversubscription
Brokers & Settlement:
Seller's Brokers: HSBC Securities and Capital Markets (India) Private Limited (Broker Code: NSE – 07917 / BSE – 066) as sole broker
Settlement: Trade-for-trade basis
- Non-Retail Category (T day): Settlement on T+1 day
- Retail Category (T+1 day): Settlement as per normal secondary market rules (T+1 day)
- Institutional investors without upfront payment: Settlement on T+2 day
Withdrawal & Cancellation Conditions:
Withdrawal: Seller reserves right not to proceed before opening on T day, triggering 10-trading-day cooling-off period
Cancellation: Seller may cancel Offer in full if:
- Insufficient demand from non-Retail Investors at or above Floor Price
- Default in settlement obligation
- Cancellation request accepted up to 5:00 p.m. on T day
Other Noteworthy Information:
Purpose: Achieving minimum public shareholding as prescribed under Rule 19(2)(b) of Securities Contracts (Regulation) Rules, 1957 and Regulation 38 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Key Contacts:
- Elangovan C E, Senior General Manager (Controlling): +91(80)6137-9591
- Shikha Gangrade, Company Secretary: +91-8105261653
Bidding Conditions:
- Non-institutional investors must deposit 100% bid value upfront
- Institutional investors have option to bid without upfront payment
- Retail Investors margin: 100% of order value in cash/cash equivalents
- Individual investors cannot exceed ₹200,000 cumulative bid value across categories/exchanges
- Promoters and Promoter Group members not allowed to participate
Settlement Penalty: 10% of order value charged for default in pay-in, credited to Investor Protection Fund
International Restrictions: Offer not available in United States (except to Qualified Institutional Buyers) or Other Jurisdictions where prohibited
Tax Considerations: No tax advice provided; bidders must obtain independent tax advice regarding acquisition consequences
PFIC Status: No determination made regarding Company's passive foreign investment company status for US taxpayers