Ultratech Cement Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 2,01,12,330 Equity shares of face value of INR 10/- each of The India Cements Limited. Date and time of the opening of the offer for Non-Retail Investors: August 21, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: August 21, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: August 22, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: August 22, 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 368/- (Rupees Three Hundred and Sixty-Eight only).
INDIACEM · price
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UltraTech Cement, the promoter of India Cements, is selling up to 2,01,12,330 equity shares (6.49% of the company's paid-up capital) through an Offer for Sale on the stock exchanges. The floor price is set at ₹368 per share. Non-retail investors can bid on August 21, 2025, and retail investors on August 22, 2025, both between 9:15 AM and 3:30 PM. At least 10% of the shares are reserved for retail investors (capped at ₹2 lakh per person) and 25% for mutual funds and insurance companies. The sale is being done to meet the minimum public shareholding (MPS) requirement of 25% under SEBI and SCRR rules.
The OFS will dilute UltraTech's holding in India Cements and push the public shareholding closer to the mandated 25% minimum, which could improve stock liquidity over time. In the short term, the large block of shares on offer may create some supply pressure on the stock price, but the floor price of ₹368 gives investors a clear reference for valuation.