Tarun Chaturvedi has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 30,60,000 Equity shares of face value of INR 1/- each of Twamev Construction and Infrastructure Limited. Date and time of the opening of the offer for Non-Retail Investors: June 30, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: June 30, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: July 01, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: July 01, 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 26/- (Rupees Twenty Six only).
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On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 4.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Promoter Tarun Chaturvedi plans to sell up to 30,60,000 equity shares (face value INR 1 each), representing 1.97% of the company's paid-up share capital, through the stock exchange OFS route. The floor price is set at INR 26 per share, with no retail discount and no green shoe option. The sale will happen in two sessions: non-retail investors can bid on June 30, 2025 (9:15 a.m. to 3:30 p.m.), and retail investors on July 1, 2025 (same window). 10% of the shares are reserved for retail investors (those bidding up to INR 2 lakh), and at least 25% are reserved for mutual funds and insurance companies. The stated purpose is to achieve the minimum public shareholding required under SEBI and SCRR rules.
This is a regulatory compliance-driven share sale by the promoter to lift public shareholding to mandated levels, not a sign of financial distress. Existing shareholders may see some short-term supply pressure, but the actual clearing price is likely to be at or above the INR 26 floor depending on demand, and broader trading in the stock continues normally during the OFS window.