The Company has received, as attached, a copy of notice of Offer for Sale (OFS) of shares from Balaji Raghavan (Seller 1) alongwith Manojshankar Tripathi (Seller 2) and Nitish Nagori (Seller ....
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Awaiting price reaction for this filing.
Promoters Balaji Raghavan, Manojshankar Tripathi, and Nitish Nagori of Ironwood Education Ltd are selling 2,46,977 equity shares (1.64% of the company) through the stock exchange OFS mechanism. The floor price is set at Rs. 39 per share with no retail discount. The sale will happen on November 4, 2025 for non-retail investors and November 6, 2025 for retail investors. Khandwala Securities is the sole settlement broker. The purpose stated is to help the company meet the minimum public shareholding requirement under SEBI rules (Rule 19(2)(b) of SCRR and Regulation 38 of LODR). Total transaction value at floor price would be approximately Rs. 96.3 lakh.
This is a relatively small OFS (1.64%) aimed at meeting regulatory minimum public shareholding norms. The floor price of Rs. 39 acts as a price anchor; the stock could see mild pressure on OFS days due to increased supply, but the size is small enough to have limited long-term impact on shareholders.