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Offer for sale News

15 May 2019

Govt plans to sell 15% in RITES via OFS; to fetch about Rs 700 cr

Railways consultancy firm RITES got listed on the bourse in July 2018 after it raised about Rs 466 crore through an initial public offering (IPO), which got subscribed 67 times.

13 Dec 2018

Sebi expands OFS framework to all cos with market-cap of Rs 1K-cr and above

Currently, the OFS framework is available to top 200 companies by market capitalisation.

04 Sep 2017

Matrimony.Com IPO to open on Sep 11, price band at Rs 983-985

Matrimony.Com, which runs online match making business under the BharatMatrimony brand, will launch its initial public offer on September 11 and has fixed a price band of Rs 983-985 to raise over Rs 500 crore.

20 Apr 2017

Nalco stake sale fully subscribed, retail buyers outbid

The offer for sale (OFS) opened to institutional investors yesterday, wherein foreign fund houses and domestic institutions bid for 1.84 times the shares on offer.

PSU disinvestment target

19 Apr 2017

Nalco stake sale oversubscribed 1.63 times, scrip dips 7.7%

The PSU disinvestment drive for the current fiscal took off successfully today, with NALCO's share sale oversubscribed 1.63 times by institutional buyers.

Container Corporations of India

09 Mar 2016

Concor stake sale starts, stock slips below floor price

The floor price of Rs 1,195 for the offer for sale (OFS) was at a discount of 2.58 percent over yesterday's closing price of Rs 1,226.65 of Concor on BSE.

InterGlobe Aviation IPO

27 Oct 2015

InterGlobe Aviation IPO hits market; issue subscribed 33%

The Rs 3,018-crore initial public offer of IndiGo's parent InterGlobe Aviation was subscribed 33 per cent till noon on the first day of the issue today.

22 Aug 2015

Govt to sell 10% stake in IOC to raise Rs 9,500 crore on Monday

In the biggest disinvestment this fiscal, the government will on Monday sell a 10 percent stake in nation's largest oil firm IOC to raise about Rs 9,500 crore.

Market regulator

29 Jun 2015

'Sebi decision on OFS not sufficient boost to PSU divestment'

Market regulator Sebi's decision to allow companies disclose Offer for Sale plans two 'banking' days ahead of the issue may not help much in PSU disinvestment, a government official said.

23 Apr 2015

Fund raising via OFS climbs 4 times to Rs 27,000 crore

Fund-raising through offer-for-sale (OFS) mechanism surged nearly four times to a staggering around Rs 27,000 crore in 2014-15, riding mainly on the mega share sale of Coal India (CIL).

Rural Electrification Corporation

08 Apr 2015

REC share sale subscribed over 5 times, govt gets Rs 1,550 cr

The stake sale in Rural Electrification Corpn (REC) is the first in the government's disinvestment pipeline for the current fiscal.

06 Apr 2015

REC stake sale on Wednesday; govt to get about Rs 1,600 cr

"The offer shall take place during trading hours on a separate window of the stock exchanges and shall commence on April 8," REC said in a filing to the BSE.

28 Jan 2015

CIL share sale: Sebi, exchanges put surveillance on high alert

Markets regulator Sebi and stock exchanges have put their surveillance systems on 'high alert' in view of the government's estimated Rs 24,000 crore mega share sale in Coal India on Friday.

01 Dec 2014

SEBI eases OFS norms for retail investors

Easing the norms, SEBI Monday said retail investors can put in their bids at cut-off price for shares sold through the Offer for Sale (OFS) route.

17 Oct 2014

Disinvestment programme on track, schedule soon: FM

The government's Rs 43,425 crore disinvestment programme is on track and a schedule for sale of stake in state-owned firms will be announced shortly, Finance Minister Arun Jaitley said on Friday.

19 Sep 2014

BSE to take 'appropriate action' on Sebi's order in NMDC case

Leading stock exchange BSE on Friday said it will take "appropriate action" in the matter of market regulator Sebi censuring the bourse for allegedly flouting norms during the offer for sale (OFS) of state-owned NMDC.

03 Sep 2014

Exchange allows brokers to access OFS segment via internet

Making it easier to buy and sell shares, all trading members are allowed to access the internet enabled book-building platform to tap the Offer for Sale (OFS) route.

19 Jun 2014

SEBI board approves expanding framework for OFS mechanism

Retail investors will now get a 10 percent reservation in an offer for sale (OFS) by listed companies and they may also be given discounts by entities selling shares through this mechanism.

Hindustan Zinc Limted

16 Jun 2014

Govt likely to sell HZL stake via OFS; may fetch Rs 20,000 cr

The government is likely to sell its residual stake in Hindustan Zinc for an estimated Rs 20,000 crore through an Offer For Sale, and is in final stages of discussion with market regulator SEBI for changes in the OFS norms.

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