How do I participate in an offer for sale? |
- The bidding process for an OFS issue is conducted over two days:
- First day: - Institutional and HNI orders (bids above ₹2 lakhs) are collected on the first day.
- Second day: - The second day is reserved for retail bids i.e. bids up to ₹2 lakhs from individuals and HUFs.
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RELATED FACTS: - To know more see, how to apply for an OFS at Jainam?
- Floor price is the price declared by the company as minimum bid price.
- Cut-off price is the price determined on the basis of the demand for an OFS on day one and it also becomes minimum price for bidding by the retail investors on day 2.
- No allocation will be made if the bid price is below the floor price on day 1 and below the cut off price on day 2.
- Those who applied in non-retail category on day one cannot reapply on the next day(T+1) in retail category.
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