OFS (Offer For Sale)
Who should I contact for further assistance?
For any additional queries or support, please contact our helpdesk team. You can reach us via email at helpdesk@swastika.co.in or call 08069049876. Our team is here to assist with any part of the OFS application process.
How does the allotment and billing process work?
The allotment follows a T+1 cycle. If shares are allotted, they will be credited to your demat account on the next working day (T+1), and the corresponding amount will be debited from your ledger with a relevant transaction narration.
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.
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.
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.
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 ...