Offer For Sale

ICICI Prudential AMC is set to become the largest listed asset management company in India, but how does it compare with its peers in profitability, retail reach, and growth potential?

SEBI proposes relaxing offer-for-sale norms, extending exemption of one-year holding period

The consultation paper was issued on March 20

Hind Zinc tanks by 21% in four days as promoter Vedanta offloads stake in OFS

Vedanta announced on August 16 that it will exercise the oversubscription option in the offer-for-sale to the extent of over 1.21 crore shares, representing 0.29 percent of total paid-up equity capital of the company.

Glenmark Life drops 4% on Glenmark Pharma's plans to exit via OFS

With this OFS, Glenmark Pharma will exit Glenmark Life Sciences. The floor price for the OFS sits at a 7.5 percent discount to the current market price of Glenmark Life Sciences.

Sanghi Industries stock falls 6% as Ambuja Cements, Ravi Sanghi seek to sell stake via OFS

Through the offer-for-sale, Ambuja Cements will trim around 2.36 percent stake while Ravi Sanghi will offload a 1.16 percent equity in Sanghi Industries.

Sanghi Industries OFS: Ambuja Cements, Ravi Sanghi to offload 3.52% stake at floor price of Rs 90 per share

The OFS, which will be listed at a discount of 12 percent, will open for non-retail investors on June 26 and retail investors on June 27, the exchange filing said.

Unlike other startup IPOs, our promoters didn't want to sell more: Go Digit's Kamesh Goyal

The offer for sale (OFS) portion of the issue been slashed by almost 50% from 10.94 crore shares to 5.48 crore shares. The company aims to raise Rs 2,614 crore through the issue at the upper band of the IPO.

Companies can now offer OFS of shares to employees through stock exchanges

This is for ease of compliance, to reduce costs and increase efficiency, said a SEBI circular

ASK Automotive IPO: Should you subscribe to this growth story?

The growing need for safety systems in the automotive sector is expected to increase the demand for efficient brake components

Exclusive: Lack of investor interest puts Rashtriya Chemicals, National Ferilizers OFS on back-burner

Investors are shying away from the public sector units as the government regulates prices in the sector, affecting the profit numbers. As such, the planned offer-for-sale is likely to be put on the back-burner

Jhunjhunwala backed Concord Biotech sets IPO price band at Rs 705-741

The IPO consists of a pure offer for sale of upto 20.93 million shares by Helix Investment Holdings Pte Ltd

RVNL share sale elicits good investor interest: DIPAM Secy

The government’s holding in RVNL will come down from 78.20 per cent to 72.84 per cent after the completion of share allotment to bidders.

Govt to launch RVNL offer for sale on July 27; to divest 5.36% stake

The floor price for the RVNL OFS shall be Rs 119 per equity share.

Promoters stake down to 73.82% in Patanjali Foods after share sale

To meet the Sebi's minimum public shareholding norm of 25 percent, Patanjali Ayurved, one of the promoters, has sold 2,53,39,640 equity shares of Patanjali Foods through Offer For Sale route.

Coal India to sell 92.44 lakh shares to employees via OFS; stock dips

The employee OFS will remain open from June 21 to June 23. Earlier this month, the government mopped up Rs 4,185 crore through a 3 percent stake sale in Coal India through an OFS.

Should retail investors subscribe to the Coal India OFS?

E-auction premium for coal is softening and the profitability is going to be lower in the near term

Vedant Fashions promoter launches offer for sale to offload 9.8% stake

Ravi Modi Family Trust, the promoter entity which will be selling its shares in the OFS on May 18-19, held a stake of 67.07 percent stake in Vedant Fashions as of March 31, 2023.

Mankind Pharma sets price band for IPO at Rs 1026-1080 per share

Apart from its popular Manforce Condoms, Prega News, and Unwanted-72 brands, Mankind Pharma has also established a range of consumer healthcare brands in categories such as antacid powders (Gas-O-Fast), vitamin and mineral supplements (Health OK brand), and anti-acne preparations (AcneStar brand), among others.

Mankind Pharma to open anchor book for Rs 4,300-crore IPO today

Mankind Pharma, India’s fourth largest pharmaceutical company in terms of domestic sales and second largest in terms of sales volume for the financial year 2022, will open for subscription on April 25 and close on April 27. The anchor bidding will start on 24 April.

Government plans buybacks, OFS in PSUs to meet FY23 disinvestment target: Report

The current year’s disinvestment proceeds have exceeded Rs 31,000 crore but remain below the revised target of Rs 50,000 crore. This target was lowered from the Rs 65,000 crore set in the FY23 budget.

SEBI clears path for non-promoter shareholders to opt for OFS route

OFS is a convenient and transparent way for publicly traded companies to offload their shares, in order to meet the minimum public shareholding requirement as mandated in the provisions of the Securities Contracts (Regulations) Rules and the SEBI LODR regulations.

Rishabh Instrument files draft IPO papers with Sebi to raise funds

The company is an integrated player involved in designing, developing, manufacturing and supplying electrical automation devices; metering, control and protection devices; portable test and measuring instruments; and solar string inverters.

Around 75% of public issues floated in 2022 set to end the year in green

Adani Wilmar is the top-performing IPO trading around 174 percent higher than its issue price, while ASG Transact posted a 57 percent decline in stock price. Among other notables, Life Insurance Corporation and Delhivery stocks are down 34 percent each. 

Government to sell SUUTI's 1.55% stake in Axis Bank through OFS

The offer for sale will see 4.65 crore shares of Axis Bank go on the block on November 10 and 11, at a floor price of Rs 830.63 per share.

Four IPOs aim to raise over Rs 4,500 crore next week

Bengaluru-based DCX Systems Ltd, cardiologist Dr Naresh Trehan-promoted Global Health Ltd, Bikaji Foods International Ltd and Fusion Micro Finance Ltd are looking to raise funds in the primary market