Who can subscribe to OFS?
From a retail investor's purview, OFS is becoming a highly popular route to buy shares in PSUs largely due to the fact that such offers are backed by the government of India. The phenomenal success of Coal India and REC OFS make a strong case for you, the retail investor, to plan your purchase in the next PSU OFS, given that many top PSUs are coming up with OFS in the near future.
The million-dollar question is who can subscribe to OFS? The answer is simple. Investors registered with any trading member of the stock exchanges can submit bids for offer for sale and use the OFS mechanism to buy shares. The prospective subscribers to OFS include individual retail investors, mutual fund participants, foreign institutional investors (FIIs), insurance companies, corporates, qualified institutional bidders (QIBs), and HUFs.
The moment you spot an opportunity to subscribe to OFS of a PSU, all you have to do is login to your trading account and follow all the procedures to place your bid/s.
If you want to be part of the thick of the action on the OFS front, be proactive and contact your broker immediately or write to us at email@example.com
, our customer relations representative will be more than happy to address your investment needs.