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 only place bids up to ₹2 lakhs.

2.     Bid Quantity Calculation: To find out how many shares you can bid for, divide ₹2 lakhs by the cut-off price. For example, if the cut-off price is ₹100 per share, you can bid for a maximum of 2,000 shares (₹2,00,000 ÷ ₹100 = 2,000 shares).

3.     Two-Day Bidding Process:

o   Day 1: Institutional and High Net-Worth Individual (HNI) bids (above ₹2 lakhs) are collected, and the cut-off price is determined.

o   Day 2: Retail bids are accepted based on the cut-off price established on Day 1. Retail investors can only bid at or above this cut-off price.

The maximum allowed bid quantity for retail investors will be updated on the bulletin page after the cut-off price is set.