Can retail investor apply for OFS?

Any retail investor (an individual investor) can participate in an OFS. But in order to do that, you need to have a trading account and a demat account. You can bid in an OFS directly through your online trading portal or can place a bid through the help of your dealer.

What is IOC target price?

ICICI Direct has buy call on Indian Oil Corporation with a target price of Rs 155. The current market price of Indian Oil Corporation is Rs 133.8. Time period given by analyst is 3 months when Indian Oil Corporation Ltd.

What is an offer for sale in IPO?

Offer for Sale(OFS) is the sale of existing shares of the company held by promoters or major investors like venture capital funds etc. to the public. A sale can be done through primary market IPO i.e. Initial Public Offering or through a secondary market in the case of listed companies.

Is it good to invest in IOC for long term?

Synopsis. Considering that Indian Oil commands a premium over its peers, long-term investors can bet on this stock. At a time when the government is actively considering a decision on deregulating fuel prices, investors should consider taking exposure to the industry.

Who can participate in OFS?

Except “Seller”, all market participants like individuals, mutual funds, foreign portfolio investors (FPIs/FIIs), insurance companies, corporates, other qualified institutional bidders (QIBs), HUFs, NRIs etc. can bid/participate in the OFS process to buy the shares. 2.

What is the difference between FPO and OFS?

Difference between OFS and FPO An OFS is used to offload Promoters’ shares while an FPO is used to fund new projects. Dilution of shares is allowed in an FPO leading to change in Shareholding structure while OFS does not affect the number of authorized shares.

What is IOC order type?

An Immediate-Or-Cancel (IOC) order is an order to buy or sell a stock that must be executed immediately. Any portion of an IOC order that cannot be filled immediately will be cancelled.

What is floor price in offer for sale?

The Floor Price is the price at and above which investors can place their orders. The Sellers have to provide a provide floor price on T-2/T-1 day (T being day of OFS).

What is the difference between offer for sale and offer for subscription?

Offer for sale is “a situation in which a company advertises new shares for sale to the public as a way of launching itself on the Stock Exchange”. Offer for subscription is similar to an offer for sale, but there is a minimum level of subscriptions for the shares; the offer is withdrawn if this is not met.

How many shares can we buy in OFS?

Under Retail category what is the maximum amount investor can invest? An investor can invest up to Rs 2 lakhs under retail category in one company’s OFS.