India Cements OFS oversubscribed 2.75 times on day 1, issue to close on August 22

India Cements' offer-for-sale launched by promoter UltraTech Cement has seen good response from non-institutional investors, subscribing 2.75 times on August 21, the first day of bidding.

The offer-for-sale (OFS) issue opened today (T day) for institutional (non-retail) investors. Retail investors can participate in the offer on August 22, the second and final day of bidding.

Further, "those non-retail investors who have placed their bids on T day (August 21) and have chosen to carry forward their unallotted bids to T+1 day (August 22), shall be allowed to carry forward their unallotted bids for allocation to them in the unsubscribed portion of retail category and also revise their bids on T+1 day.

UltraTech Cement launched OFS today to sell up to 2.01 crore equity shares (equivalent to 6.49 percent of paid-up equity) in its subsidiary India Cements, of its total shareholding of 81.49 percent (as of June 2025). Of 2.01 crore shares, 10 percent portion is reserved for retail investors and the remainder for non-retail investors.