BSE Issues Notice for Offer for Sale of Equity Shares of Ironwood Education Limited

Strategic Insights -

The Bombay Stock Exchange (BSE) has announced a notice for the Offer for Sale (OFS) of equity shares of Ironwood Education Limited, a company promoted by Balaji Raghavan, Manojshankar Tripathi, and Nitish Nagori. The OFS will be conducted on September 4 and 5, 2025, through a separate window of the BSE, in accordance with the Comprehensive Guidelines on Offer for Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism issued by the Securities and Exchange Board of India (SEBI). The offer involves the sale of up to 10,83,236 equity shares, representing up to 7.19% of the total paid-up equity share capital of the company, at a floor price of Rs. 36.10 per equity share.

Key Takeaways:

  • The Offer for Sale (OFS) of equity shares of Ironwood Education Limited will be conducted on September 4 and 5, 2025, through a separate window of the BSE.
  • The OFS involves the sale of up to 10,83,236 equity shares, representing up to 7.19% of the total paid-up equity share capital of the company.
  • The floor price of the Offer shall be Rs. 36.10 per Equity Share.
  • The Exchange would disseminate the details of this Offer for Sale on BSE Website - www.bseindia.com.
  • Market participants are requested to note that trading members and custodians should refer to previous notices issued by the Exchange detailing Revised Guidelines for Bidding in Offer for Sale (OFS) Segment.
  • The OFS is in accordance with the SEBI OFS Circulars, including the "Comprehensive Framework on Offer for Sale (OFS) of Shares through Stock Exchange Mechanism" dated January 10, 2023, and the "Framework for Offer for Sale (OFS) of Shares to Employees through Stock Exchange Mechanism" dated January 23, 2024.

Statistics:

  • Up to 10,83,236 equity shares will be offered for sale, representing up to 7.19% of the total paid-up equity share capital of Ironwood Education Limited.
  • The floor price of the Offer shall be Rs. 36.10 per Equity Share.
  • The BSE will be the Designated Stock Exchange for the said OFS.

Sources:

  • BSE Notice No. 20230127-14 dated January 27, 2023
  • SEBI Circular No. SEBI/HO/MRD/DOPI/CIR/P/2018/159 dated December 28, 2018
  • SEBI Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2023/10 dated January 10, 2023
  • SEBI Circular No. SEBI/HO/MRD/MRD-PoD-3/P/CIR/2024/6 dated January 23, 2024
  • BSE Notice No. 20200701-27 dated July 1, 2020