Tamrock Great Britain Holdings Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 7,23,875 Equity shares of face value of INR 10/- each of Eimco Elecon (India) Limited. Date and time of the opening of the offer for Non-Retail Investors: September 24, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: September 24, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: September 25, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: September 25, 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 1400/- (Rupees One Thousand and Four Hundred only)
EIMCOELECO · price
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On the reaction day the stock moved 15.0 pts less than Nifty Microcap 250 and 14.8 pts less than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Tamrock Great Britain Holdings Limited, a member of the promoter group of Eimco Elecon (India) Limited, proposes to sell up to 7,23,875 equity shares (about 12.55% of paid-up capital) through the OFS route on the stock exchanges. A green shoe option allows sale of an additional 7,00,000 shares (12.14%), bringing the total potential divestment to roughly 24.68% of the company's equity. The floor price has been fixed at ₹1,400 per share. Non-retail investors can bid on September 24, 2025 (9:15 AM to 3:30 PM), and retail investors on September 25, 2025 (9:15 AM to 3:30 PM). Spark Institutional Equities (an Avendus Capital subsidiary) is acting as the seller's broker, with NSE as the designated stock exchange. At least 10% of the offer is reserved for retail investors, with a 25% reservation for mutual funds and insurance companies.
This is a large promoter group sale of up to roughly a quarter of the company, which could create supply pressure and weigh on the stock price in the short term. Existing shareholders should track the floor price of ₹1,400 versus prevailing market price, as the sale happens at or above this level and may set a near-term price benchmark. The divestment also signals a meaningful reduction in promoter holding in Eimco Elecon.