Published Oct 17, 2024
OFS (Offer for Sale) was introduced by the Securities and Exchange Board of India (SEBI) in February 2012. It allows promoters of listed companies to dilute their stake through an exchange platform. In this process, promoters act as sellers, and bidders include market participants such as individuals, companies, qualified institutional buyers, and foreign institutional investors.
The OFS facility is available on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). Only the top 200 companies by market capitalization (in any of the four completed quarters) are eligible to use this facility. OFS bids require a 100% cash margin.
With Stocko, investors can apply for OFS under the Retail category only. The application amount must be a minimum of ₹10,000 and a maximum of ₹2 lakh.
For more details on the Offer For Sale (OFS) process, please refer to the attached document.
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South Asian Stocks Ltd. : NSE Member Code 09073, BSE Member Code 6329, MCX Member Code : 55215 , NCDEX Member Code : 1233 NSDL : IN-DP-474-2020 . SEBI Registration No. INZ000164738
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