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News Details

03/11/2025 17:06

Ironwood Education - Notice of Offer for Sale of Shares by Promoters & Floor Price

Balaji Raghavan, Manojshankar Tripathi and Mr. Nitish Nagori the Sellers being the Promoters of the Ironwood Education Ltd (the Company), proposes to sell Equity Shares of face value of Rs.10/- (Rupees Ten Only) each representing 1.64% (one point sixy four) of the total paid-up equity share capital of the Company on November 04, 2025 (\T day\) (for Non-Retail Investors and on November 06, 2025 (\T+1 day\) (for Retail Investors and Non-Retail Investors, who choose to carry forward their un-allotted bids from T day) through a sale on the separate window provided by BSE Limited (the \Sale or Offer\).

Date and time of the opening and closing of the Offer :

The Sale shall take place on separate window of the Stock Exchange over two trading days, as provided below :

For Non-Retail Investors : Tuesday, November 04, 2025 (\T day\)

The Sale shall take place during trading hours on a separate window of the Stock Exchange on T Day i.e., Tuesday, November 04, 2025 , commencing at 9:15 a.m. on and shall close the same date at 03:30 p.m. (Indian Standard Time).

Only Non-Retail Investors shall be allowed to place their bids on T day, i.e. Tuesday, November 04, 2025.

While placing their bids, the Non-Retail Investors may indicate their willingness to carry forward their unallotted bids to T+1 day for allocation to them in the unsubscribed portion of Retail Category.

Those investors other than Retail Investors (\Non- Retail Investors\) who have placed their bids on T day and have chosen to carry froward their un-allocated bids to T+1 day, shall be allowed to revise their bids on T+1 day as per the SEBI OFS Circular.

For Retail Investors and Non-Retail Investors who choose to carry forward their bids : Thursday, November 06, 2025 (\T+1 day\)

The sale shall continue to take place during trading hours on a separate window of Stock Exchange on T+1 day i.e., Thursday November 06, 2025, commencing at 09:15 a.m. and shall close on the same date at 03:30 p.m. (Indian Standard Time).

Only Retail Investors shall be allowed to place their bids and revise their bids on T+1 day. Further, those non-retail investors who have chosen to carry forward their unallotted bid on T+1 day, shall be allowed to revise their bids on T+1 day as per the SEBI OFS Circular.

(T day and T+1 day collectively referred to as \Sale Dates\)

Floor Price : The Floor Price of the sale shares shall be Rs. 39/- (Rupees Thirty Nine only) per Equity Share.