Frequently Asked Questions
What is Floor Price?
Sellers have to provide a floor price on T-2/T-1 day (T being day of OFS). The floor price is the price at and above which an investor can place their orders.
Under Retail category what is the maximum amount investor can invest?
An investor can invest up to Rs 2 lakhs under retail category in one company's OFS.
Does a client gets discount, if he buys shares through OFS?
In some OFS, retail investors may be offered a discount on the floor price, especially if it is an OFS of PSU companies.
How can I invest/Participate in OFS?
You can invest/participate in OFS with the help of your HSL account. Customers can login to their trading accounts and place bids by following the below mentioned steps:
Login – Click on IPO/OFS option – Select OFS – Apply
NRI clients can apply through Relationship Manager or Central Dealing Desk.
What is Cut off / clearing Price?
Cut off price will be separately displayed for Retail and Non-Retail categories, while the lowest price at which the OFS issue gets subscribed is termed as the cut off/clearing price.
Is it mandatory to have a trading account to participate in an OFS?
Yes it is mandatory to have trading and demat account in order to participate in OFS.
What will be the brokerage charges for the OFS orders?
The brokerage rates and other applicable charges are same for Cash and Offer for Sale transactions.
What is the timing for OFS orders placement?
You can place OFS orders from 9.15 am to 2.45 pm. For NRI Clients cut-off timing is 2.pm
Kindly note cut-off time will be at the discretion of HDFC Securities Limited.
Can I cancel my OFS Orders?
CANCELLATION IS ALLOWED . Revision and Modification of orders in OFS is not allowed.
Also Kindly note if the OFS order get rejected from the exchange for any reason, bid will not go through.
Can Corporate & NRI account holder apply in OFS?
No, Corporate account holder cannot apply in OFS, NRI can apply through Relationship Manager or Centralised Dealing Desk.
Is there any reservation for Retail Investor?
As per SEBI OFS guidelines , it is mandatory for sellers to provide minimum 10% reservation for retail investors.
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