When OFS shares will be allotted?

14. When will the investor get to know of the allotment status? Stock Exchanges share allotment report with Trading Members at the end of the day i.e. after 6:00 P.M. on the day of OFS. Investor can get the information from their trading members on the same day.

How are OFS shares allotted?

In order to get shares allocated in an OFS, you need to bid at a price higher than the ‘floor price’. A floor price is the minimum price at which you can apply in the OFS. Any bid lower than this price is not accepted. In case of a single clearing price, all investors are allocated shares at the same price.

How do I get allotment in OFS?

Suppose in an IPO or OFS the floor price is set at Rs 100. But because of huge demand the issue gets oversubscribed 5 times. This means that for every five share being applied for only one share will get allotted. In this case, investors need to bid at a higher price to improve the chance of an allotment.

How many days does it take for shares to come in demat account?

+2 days
Once your buy trades are executed in the trading account and the exchange gives the confirmation then the shares will come into your demat account on T+2 days. There is no additional effort required from your end and the credit to your demat account is automatic.

What is OFS order?

Definition: Offer for sale (OFS) is a simpler method of share sale through the exchange platform for listed companies. The method was largely adopted by listed companies, both state-run and private, to adhere to the Sebi order.

How can I buy OFS from Icicidirect?

To place a BUY order for the OFS, follow the steps: www.icicidirect.com > Login to your account > Trade & Invest > Equity > Transact > Offer For Sale. To know more about Offer for Sale click here for FAQs.

What is eATM sell in ICICIdirect?

eATM is a facility offered by ICICIdirect wherein the customer would receive instant payout of funds for his/her cash sell transaction. The customer will receive the amount in his/her linked bank account within 5 minutes. of executing the sell order.