Offer For Sale

Nikhil Kamath, Quant MF picked up stake in Swan Defence promoter offer for sale

The Rs 501 crore offer for sale, which successfully closed on March 19, saw promoter entity Hazel Infra divest a five percent stake. The offer was subscribed 1.2 times.

IPOs generated $38 bn in OFS proceeds for promoters, investors — two-thirds of all money raised from IPOs in last 5 years

Large quantities of secondary share sales by company insiders are often viewed with caution in Indian markets, especially retail investors, but market experts said the pattern is an outcome of a maturing capital-market system rather than a distortion. 

IPO corner: Is ICICI Pru AMC a strong bet in the booming mutual fund industry?

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.