Indian IPO Blog: OFS in February 2017
    • Showing posts with label OFS in February 2017. Show all posts
    Showing posts with label OFS in February 2017. Show all posts

    Tuesday, February 21, 2017

    BEL OFS - Retail Investor Discount

    February 21, 2017 0
    BEL OFS - Retail Investor Discount
    Retail Investors participating in the Offer for Sale (OFS) of Bharat Electronics Limited (BEL) would be entitled to a discount of 5 percent on the issue price

    The floor price for the OFS is priced at Rs.1498 which is a discount of 4 percent on the closing market price on 21-Feb, 2017

    The issue would be open for Non Retail category on 22-Feb-2017 and for Retail Category on 23-Feb-2017

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    Bharat Electronics Ltd - BEL Offer for Sale (OFS)

    February 21, 2017 0
    Bharat Electronics Ltd - BEL Offer for Sale (OFS)
    The government will start 5 percent stake sale in state-owned aerospace and defence company Bharat Electronics Limited (BEL) to raise about Rs 1,600 crore through Offer for Sale (OFS) route

    The share sale will be through an offer for sale (OFS) spread over two days - first day for institutional investors and the second day, on Thursday, for retail investors, a top official said. Thus, the OFS would be open for Non retail investors on Feb-22 and for Retail investors on Feb-23

    The sale of shares under the OFS will be at a floor price of Rs 1,498 apiece which is about at a 4% discount to today's closing price of BEL on BSE

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