Manieet Cotton Private Limited (the "Seller") propose to sell 5,19,720 equity shares of CLC Industries Ltd ("the Company") (representing approximately 5% of the total issued and paid-up ....
CLCIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Manjeet Cotton Private Limited, part of the promoter and promoter group of CLC Industries Ltd, proposes to sell 5,19,720 equity shares (approximately 5% of the company's total paid-up equity share capital) through the stock exchange OFS mechanism. The floor price has been set at ₹17 per equity share, with no green shoe option. The OFS will take place on 17th March 2026 for non-Retail Investors and 18th March 2026 for Retail Investors, with 10% of the offer reserved for retail category. The sale is being undertaken primarily to help the company achieve the minimum public shareholding requirement under SCRR Rules 19(2)(b)/19(A) and SEBI LODR Regulation 38. Allwin Securities is acting as the Seller's Broker, and BSE is the designated stock exchange.
This is a 5% promoter stake sale aimed at meeting the mandatory minimum public shareholding norms, which typically increases the stock's free float and may put short-term pressure on the share price. The relatively low floor price of ₹17 suggests this is a small-cap company, and investors should watch for the cut-off price discovery and any oversubscription to gauge demand strength.