As part of its risk mitigation and to facilitate adequate verification and assessment of the margins available in a constituent's account against proposed fresh bids and/or modification/cancellation requests submitted under any Offer for Sale (OFS) issue, 5paisa has prescribed an internal operational cut-off time for acceptance of such requests.

Accordingly, all fresh OFS bids and requests for modification/cancellation of existing OFS bids must be received by 5paisa on or before 2:30 p.m. on the relevant trading day. Such cut-off time has been prescribed to enable 5paisa to undertake appropriate risk assessment, verification of available margins, and necessary operational processing in respect of the constituent's proposed bid and/or bid modification/cancellation request prior to submission to the exchange platform.

Any fresh bid or bid modification request received after the prescribed cut-off time may at the sole discretion of 5paisa, be rejected, remain unprocessed, or may not be forwarded to the exchange. 5paisa shall not be liable or responsible for any loss, non-execution, rejection, failure, delay, withdrawal, modification, or inability to process any OFS bid or bid modification request received after the prescribed cut-off time, irrespective of the reason for such delayed receipt.

The provisions set out herein applies to all constituents and to all trading accounts maintained with 5paisa through which OFS transactions are undertaken. These provisions are in line with 5paisa's operational control framework and are necessary to ensure adequate margin verification, risk assessment and operational processing of OFS bids.