Balaji Raghavan, Manojshankar Tripathi and Mr. Nitish Nagori the Sellers being the Promoters of the Ironwood Education Ltd (the Company), has informed BSE regarding "Undersubscribed portion ....
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Awaiting price reaction for this filing.
Promoters of Ironwood Education Ltd — Balaji Raghavan, Manojshankar Tripathi, and Nitish Nagori — are offloading 10,83,236 equity shares via a stock exchange OFS. On T day (September 4, 2025), only 6,75,633 shares were subscribed in the non-retail category, leaving 2,99,279 shares unsubscribed. Per SEBI OFS rules, these leftover shares are being added to the retail segment on T+1 day (September 5, 2025). Retail investors will now have 4,07,603 shares available instead of the originally allotted 1,08,324 shares.
Promoter selling via OFS is mildly negative as it signals insiders reducing stake, but the undersubscription in the non-retail (institutional) segment suggests limited institutional appetite at the floor price, which could pressure the stock price on T+1 day when retail bidding opens.