MOIL OFS opens : How to apply to OFS - Indian IPO Blog

Tuesday, January 24, 2017

MOIL OFS opens : How to apply to OFS

Government of India would be selling 10 per cent stake in manganese mining company MOIL at a floor price of Rs 365 a share under Offer for Sale of equity shares. The offer for sale would be open for subscription for two days: Jan 24, 2017 and Jan 25, 2017

The OFS would be open for Retail investors on Wednesday, January 24, 2017. Retail investors will get a further discount of 5.2 per cent in the offer for sale (OFS)

How to apply for MOIL OFS

- You need to have a demat and trading account to apply to an OFS
- Once the OFS starts, you can participate in the process yourself using your online trading accounts such as ICICI Direct, Kotak Securities etc. by placing your bids under the IPO / OFS section of their respective broking websites
- You will be given application form number / confirmation reference for your application

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