Axis Bank falls 4% as govt initiates SUUTI’s 1.55% stake sale via OFS
A retail investor can bid at any price above the floor price. “In case of oversubscription in the retail category, if the aggregate number of offer shares bid for at a particular clearing price/cut-off price, as the case may be, is more than the available number of equity shares at such price, then the allocation for such bids will be done on a proportionate basis,” SUUTI said in an exchange filing.
