Baumann Dekor Private Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 2,50,000 Equity shares of face value of INR 2/- each of Eastern Silk Industries Limited. Date and time of the opening of the offer for Non-Retail Investors: July 29, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: July 29, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: July 30, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: July 30, 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 2/- (Rupees Two only).
EASTSILK · price
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Baumann Dekor Private Limited, a promoter of Eastern Silk Industries Limited, is selling up to 2,50,000 equity shares (5% of total paid-up equity share capital) through the stock exchange OFS mechanism. The floor price is set at ₹2 per share, equal to the face value, with no retail discount. The OFS opens on July 29, 2025 for non-retail investors and July 30, 2025 for retail investors, both between 9:15 AM and 3:30 PM. SMC Global Securities is acting as the seller's broker, and the offer is being conducted to help the company meet the minimum 25% public shareholding requirement under SEBI rules.
The OFS will increase the public float of Eastern Silk Industries by 5%, moving the company closer to SEBI's minimum public shareholding norms. The very low floor price (at face value) suggests weak market pricing, which may cap investor interest at current market levels.