An offer for sale allows a company’s owners to sell their shares to the public. An offer for sale, unlike an IPO, does not create new shares. Existing shares are instead transferred from owners to the general public.

On the day of the OFS, you can place your bid from 9:15 a.m. to 3:30 p.m.

Yes, orders can be cancelled or modified before 3:20 PM. (to be written)

There is no minimum lot size requirement.

You can even bid on a single share.

Orders placed in the specified lot size will be accepted only if the Seller specifies it in the OFS announcement notice.

If your OFS bid is accepted and you are allotted shares, your account will be debited at the end of the trading day for the appropriate amount.

In the next T+2 days, shares will be credited.

In the event of an oversubscription, shares will be distributed on a pro-rata basis.

You can also use the Margin in your account to place a bid.

However, when making the bid, make sure you have enough Margin.

To determine your Margin, go to the Fund section of the Moneysukh app.

If your OFS bid is accepted and you are assigned shares, the funds will be transferred to your Demat account on T + 2 days.

Individual bids in the Retail category are limited to Rs 2,00,000/-.

Non Retail has a bid limit greater than 2 lakhs.

The floor price is the lowest price at which you can bid. The sellers provide this price.
The cut-off price is the lowest price at which an OFS issue can be subscribed to. This price varies depending on whether you are in the Retail or Non Retail category.

You can place your sell order at any time after the shares are credited to your Demat account and appear in your holdings.

Yes, multiple bids are permitted for Offer for Sale.

Investors who choose to place multiple orders on different exchanges should be aware that all bids in the retail category totaling more than Rs 2, 00,000 will be rejected.