Hi All - Could someone with experience with OFS processes advise what’s the best strategy to apply for the OFS? Indigrid’s OFS is being carried out over two separate windows today and tomorrow: today for non-retail only, and tomorrow for retail & non-retail.
Is it better to apply in two lots, today and tomorrow?
Will allocations be done to all bidders at the same price finally? The OFS document says that “the allocation shall be at or above the Floor Price (defined below) on a price priority basis at multiple clearing prices in accordance with the OFS Guidelines, except in case of Retail Investors who shall have an option to bid at the Cut – off Price (defined below).”
If I place bids at, say, Rs. 134, and if most people place at 132, will I also finally get the units at 132?
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