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 include entities and individuals who bid for
shares worth over ₹2 lakhs.
2.
Demand and Pricing: If the demand for OFS shares is high, the final allotment price
may be higher than the cut-off price.
3.
Bidding Process: On the first day of the OFS, only bids from the non-retail
category are accepted. Based on these bids, the cut-off price is established.
4.
Allocation: If you receive an allotment, the funds will be debited from your
account, and the shares will be credited to your demat account on the next
trading day (T+1 day).
Even if you placed your request
before the cut-off, you might not receive the allotment due to high demand or
other allocation criteria set by the exchanges.