Can retail investors apply for an OFS below the cut-off price?
Retail investors cannot apply for an Offer For Sale (OFS) below
the cut-off price. According to circulars from both the National Stock Exchange
(NSE) and the Bombay Stock Exchange (BSE), retail investors are required to
place their bids at the cut-off price or higher. This ensures that their bids
are considered in the allocation process.
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What is the maximum allowed bid quantity for retail OFS bids?
For retail investors participating in an Offer For Sale (OFS), the maximum bid amount is capped at ₹2 lakhs. The number of shares you can bid for depends on the cut-off price set for the OFS. Here’s how it works: 1. Bid Limit: Retail investors can ...
Why was the OFS allotment not received even though the request was placed before the cut-off?
Allotting shares in an Offer For Sale (OFS) is determined by the stock exchanges, not your broker. Here’s how it works: 1. Cut-Off Price Determination: The cut-off price for the OFS is set based on the bids received from non-retail investors, which ...
What does the cut-off price mean?
The cut-off price is the price at which a company sells its shares to investors. It's like the last price you offer to buy something at an auction. This price is crucial because it decides who gets the shares and at what cost. It helps the company ...
What is an Offer For Sale (OFS)?
An Offer For Sale (OFS) is a method that allows a company's promoter to sell their shares to both institutional and retail investors through stock exchanges. This process enables the promoter to reduce their stake in the company, allowing investors ...
How can I apply for an IPO without using UPI?
To apply for an IPO without using UPI, you can utilise the ASBA (Application Supported by Blocked Amount) facility provided by banks. Here's how you can do it: · Visit Bank: Visit your bank branch or log in to your internet banking portal. · Fill ...