You can place your bid for OFS from 9:15 AM to 3:30 PM on the OFS date.
There is no specific lot size required.
You can bid even for one share.
However, if there is a lot size specified by the Seller as mentioned in the OFS announcement notice, orders placed in the specified lot size only will be accepted
Ledger amount will be blocked during the time of bidding.
If your OFS bid has been accepted and you have been allotted shares, your account will be debited for the appropriate amount at End of Trading Day.
Shares will be credited on the next T+2 days
In case of oversubscription, shares will be allotted on a pro-rata basis
You can also place a bid using the Margin available in your account.
However, ensure you have sufficient Margin while making the bid.
To find out your Margin, visit your Fund section on the Angel One app
If your OFS bid has been accepted and you have been allotted shares, the same will be credited to your Demat account on T + 2 days.
Retail category is for Individual Investors with a limit of Rs 2,00,000/- for Individual bids.
Non Retail category is for Organizations, FII, etc. with a bid limit greater than 2 lakhs
Once the shares get credited into your Demat account and reflect in your Portfolio holdings, you can place your sell order any time after that.
Floor Price is the lowest price at which you can place your bid. This price is provided by sellers.
Cut off Price is the lowest price at which the OFS issue gets subscribed. This price differs for the Retail and Non Retail Categories.
No, it’s not possible to bid for OFS using MTF.
Yes you can place multiple bids for Offer for Sale.
Further, investors opting for multiple orders across Exchanges should be aware that all bids in the Retail category amounting to more than Rs 2,00,000 will be rejected.
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