Monarch Infraparks Private Limited and GSEC Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 2,10,00,000 Equity shares of face value of INR 1/- each of Diamond Power Infrastructure Limited. Date and time of the opening of the offer for Non-Retail Investors: June 05, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: June 05, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: June 06, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: June 06, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 95/- (Rupees Ninety Five only)
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On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.9 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoters of Diamond Power Infrastructure — Monarch Infraparks Pvt Ltd and GSEC Ltd — are selling up to 2.1 crore equity shares (3.99% of paid-up capital) through a stock exchange OFS mechanism. The floor price has been set at ₹95 per share, with an oversubscription option to sell up to an additional 1.05 crore shares (1.99%), taking the total potential offer to 5.98% of share capital. The offer is being conducted to help the company meet the minimum public shareholding requirement under SEBI rules. Non-Retail Investors can bid on June 5, 2025, while Retail Investors can bid on June 6, 2025, with 10% of offer shares reserved for retail category.
This is a compliance-driven promoter sell-down to meet minimum public shareholding norms, which increases near-term share supply and may put temporary pressure on the stock price. Long-term, it improves public float and trading liquidity. The actual clearing price will depend on demand and may be higher than the ₹95 floor price.