Floor Price for Dishman Carbogen Amcis Ltd's OFS is fixed as Rs. 145.70

Adimans Technologies LLP (the "Seller") proposes to sell up to 68,98,457 Equity Shares of Dishman Carbogen Amcis Ltd having a face value of Rs. 2 each, in aggregate representing 4.40% of the total issued and paid-up Equity Share capital of the Company ("Base Offer Size") on December 18, 2020 ("T Day") (for non-retail investors only) and on December 21, 2020 ("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 68,98,457 Equity Shares of the Company having a face value of Rs. 2 each (representing 4.40% of the total issued and paid-up Equity Share capital of the Company) (the "Oversubscription Option" and in the event the Oversubscription Option is exercised, the Equity Shares forming part of the Base Offer Size and the Oversubscription Option will represent 8.80% of outstanding Equity Shares of the Company, i.e. 1,37,96,914 Equity Shares, will in aggregate, be referred to as the "Offer Shares". In the event such Oversubscription Option is not exercised, the Equity Shares forming part of the Base Offer Size will be referred to as the "Offer Shares", through the separate designated window of BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE" and together with BSE, the "Stock Exchanges"), collectively representing 4.40% of the total paid up equity share capital of the Company as on September 30, 2020.

The Offer shall take place over two trading days as given below:

For non-Retail Investors: December 18, 2020 ("T day") The Offer shall take place on a separate window of the Stock Exchanges on the T day i.e. December 18, 2020 commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same day. Non-Retail Investors who have placed their bids on T Day, may indicate their willingness to carry forward their un-allotted bids to T+1 day (defined hereinafter) for allocation to them in the unsubscribed portion of Retail Category (defined below).

Please note that only non-Retail Investors shall be allowed to place their bids on T day, i.e. December 18, 2020.

For Retail Investors (defined hereinafter) and for non-retail Investors who choose to carry forward their un - allotted bids on T+1 day, i.e. December 21, 2020.

The Offer shall continue to take place during trading hours on a separate designated window of the Stock Exchanges on T+1 day (T+1 day being December 21, 2020) commencing at 9:15 a.m. (Indian Standard Time) and shall close at 3:30 p.m. (Indian Standard Time) on the same date.

Please note that only Retail Investors shall be allowed to place and revise their bids on T+1 day. Further, those non-Retail Investors who have placed their bids on T day and have chosen to carry forward their un-allotted bids to T+1 day, shall be allowed to revise their bids on T+1 day in accordance with the SEBI OFS Guidelines.

(T day and T+1 day, collectively referred to as "Offer Dates")

Floor price ("Floor Price"): The Floor Price for the Offer shall be INR 145.70 (Rupees one hundred forty five and seventy paise) per Equity Share of the Company. The Stock Exchanges are required to ensure that the Floor Price is immediately informed to the market.

Shares of Dishman Carbogen Amcis Ltd was last trading in BSE at Rs.154.9 as compared to the previous close of Rs. 158.9. The total number of shares traded during the day was 29999 in over 600 trades.

The stock hit an intraday high of Rs. 161.4 and intraday low of 153.5. The net turnover during the day was Rs. 4686504.

Source : Equity Bulls

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