Centre intends to sell 5% stake in Cochin Shipyard through the OFS route, at a floor price of Rs 1,540 per share, an exchange filing said on October 15.
The Offer For Sale, which opens on October 16, will include a base offer of 2.5% stake or 66 lakh shares, as well as a green shoe option of another 2.5%.
The OFS will open on October 16 for non-retail investors and for retail investors, the issue will open on on October 17. The indicative price for the non-retail category will be released separately.
My previous attempts were somewhat unsuccessful in fpo for retail. When they declare the floor price for retail and is it necessary to place the order above that price? Request your inputs pls.
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