Tarun Chaturvedi has informed the Exchange regarding update on offer for sale of Twamev Construction and Infrastructure Limited
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Awaiting price reaction for this filing.
Promoter Tarun Chaturvedi's Offer for Sale (OFS) of up to 70,00,000 equity shares of Twamev Construction and Infrastructure (formerly Tantia Constructions) received bids for 40,45,046 shares on T day (May 21, 2025). This means about 29,55,000 shares in the non-retail segment went unsubscribed. As per SEBI's OFS circular rules, this unsubscribed portion will now be carried forward to T+1 day (May 22, 2025) and made available for bidding in the retail segment. The OFS is being conducted through separate windows on BSE and NSE.
Retail investors get an additional chance to bid in the OFS on May 22, 2025, which could improve subscription levels and allotment chances for retail participants. The ongoing promoter sell-off may create some short-term supply pressure on the stock.