What is the maximum allowed bid quantity for retail OFS bids?
- Retail bids for an Offer For Sale (OFS) are limited to a maximum value of ₹2 lakhs, and the maximum allowed quantity is dependent on the cut-off price set for the OFS. The maximum allowed bid quantity can be calculated as ₹2 lakhs divided by the cut-off price. The maximum allowed bid quantity for an OFS issue is updated on the bulletin page after the cut-off price is determined on the first day of bidding.
- The bidding process for an OFS issue is conducted over two days. Institutional and HNI orders (bids above ₹2 lakhs) are collected on the first day. The second day is reserved for retail bids, and the cut-off price for retail bids is determined based on the bids received on the first day. Retail bids can only be placed at or above the cut-off price
Offer for Sale(OFS)
- Why was the OFS allotment not received even though the request was placed before the cut-off?
- How to apply for an Offer for sale (OFS)?
- What is an Offer For Sale (OFS)?
- Can retail investors apply for an OFS below the cut-off price?
- What is the maximum allowed bid quantity for retail OFS bids?
- Why is the cut-off price higher for retail OFS orders?
- What are the payment modes available for the rights issue?
- Where can I apply for the rights issue?
- What if someone sells their REs and then applies for the rights issue?
- How to apply for rights issue?