What are the fund requirements for placing an OFS bid?
To ensure a smooth application, please have the required amount available in your ledger prior to placing a bid. This ensures funds are accessible when the allotment is processed, reducing the risk of delays.
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Do I need to send a request to apply for the OFS?
Yes, an email request from your registered email address is necessary for us to proceed with your OFS (HNI) application. This ensures we have your formal consent to process the bid.
How do I check if I qualify as a High Net Worth Individual (HNI) or Retail Investor for an OFS application?
o participate in an OFS as an HNI, your total bid amount must exceed ₹2 lakhs, which qualifies you for the HNI category. For Retail investors, bids must be below ₹2 lakhs. Retail investors have the flexibility to place bids for smaller amounts, ...
What is OFS?
The Offer for Sale (OFS) is a simple way for large shareholders, like company founders or major investors, to sell some of their shares to the public. It’s done through the stock exchange to make the process fair and transparent. Originally, only ...
What is a Mutual Fund?
A mutual fund is an investment vehicle that pools money from multiple investors and invests it in a diversified portfolio of stocks, bonds, or other assets. The fund is managed by professional fund managers, and investors earn returns based on the ...
Can I set my own bid price?
Yes, you have the flexibility to either place a bid at the floor price set by the offering or specify a preferred price based on your own valuation.