Offer For Sale News
Hindustan Zinc crashes 8% as Vedanta raises stake for sale via OFS to 3.17%
Hindustan Zinc shares fell nearly 8% as Vedanta increased its stake sale through an Offer for Sale (OFS). The OFS is priced at ₹486 per share and aims to raise ₹6,500 crore. Retail investors can participate on Monday.
2 min read16 Aug 2024Rakesh Jhunjhunwala-backed IKS Health revives plan for IPO
The contours of the IPO are still being worked out, but it is expected to be largely an offer for sale by early angel investors and other shareholders, including Jhunjhunwala’s Rare EnterprisesIKS Health has appointed ICICI Securities, Nomura, Jefferies, JPMorgan, and JM Financial to manage the IPO
2 min read17 May 2024Sebi releases framework for Offer for Sale to employees through stock exchange; details here
As of now, the existing procedure of OFS to employees is happening outside the stock exchange mechanism. However, the procedure is believed to be time-consuming and involves additional costs.
1 min read24 Jan 2024Inox India files draft papers
Cryogenic tank maker Inox India has filed a draft red herring prospectus with SEBI to raise funds through an IPO. The offering will comprise an offer for sale by promoters and other shareholders and will include a total of 22.11 million shares. The company operates three manufacturing facilities and reported a net profit of INR 152.71 crore ($20.6 million) in FY23.
1 min read30 Aug 2023Cello World files for ₹1,750 crore IPO
The IPO is a complete offer for sale (OFS), where promoters and other shareholders will sell shares of ₹5 face value totalling ₹1,750 crore.
3 min read16 Aug 2023Why rally in Tata Motors share may continue before Tata Technologies IPO launch — explained
Tata Motors shares have surged more than 30% to ₹562 per share since Tata Technologies filed a DRHP for its IPO
3 min read12 Jun 2023IKIO Lighting IPO : Issue subscribed 1.55 times on Day 1 ; NII, retail portion overbooked
IKIO Lighting IPO Subscription Status: The IPO has been subscribed 1.55 times on the first day of the sale, according to BSE data. The majority of brokerages have given the IPO a ‘subscribe’ rating due to its solid business model and reasonable pricing.
3 min read6 Jun 2023Govt to sell up to 3% stake in Coal India via OFS
Earlier this month, the company reported a consolidated net profit of ₹5,528 crore for the fourth quarter of the last fiscal, down 18% from ₹6,715 crore logged in the corresponding quarter of FY22
1 min read31 May 2023What the latest FSA price hikes mean for Coal India investors
The state-run company has raised the price of high-grade coal—G2 to G10—by 8% with effect from 31 May. But the price hike did not move the needle for the stock—CIL’s shares closed 1% lower on Wednesday to ₹241.25 apiece on the NSE.
2 min read31 May 2023Tata Technologies IPO effect: Tata Motors share price jumps 25% in two months. Experts see more upside
Tata Motors shares have been in uptrend ever since Tata Technologies Ltd submitted its DRHP at SEBI on 9th March 2023 for the IPO launch
3 min read11 May 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared