Who Can Apply

Individual, HUF and Non Individuals (like Partnership firm, Company, LLP etc) can apply.

Category of Investors

Whenever OFS (Offer for Sale) is there. Generally First day it is for HNI means minimum bid must be for more than Rs 2 Lakhs.

Second Day it is for Retail. Retail means Bid can be for upto Rs 2 Lakhs. Price at which HNI gets shares allotted becomes cut off Price for Retail. Any bid by Retail below Cut off is not considered (though Exchange software will accept bids)

Payment for OFS

Stock Broker need to deposit funds with Clearing Corporation (Stock Exchange) before bid can be made. Due to this reason only those clients who have clear balance with us can apply. E.g. Client sale the shares today, get credit for buying another shares but cannot apply in OFS as clear funds are not there with us.

How to Apply

Please call to Dealing Desk on +91-22-62434343 and press 1 . Alternatively they can send email to [email protected] and can call to any number of ours. Email method is not advisable other than NRI Client.

Timings

OFS bid can be placed by us during normal market hours i.e. 0915 am to 0330 PM .

Client can place bids with us upto 0230 PM and thereafter on best efforts basis. We need time to create funds in OFS segment of Exchange and at time it takes 30 min to 45 min at Exchange, hence cut of 0230PM and thereafter best efforts basis.