Offer For Sale 2025, Upcoming OFS List

An Offer-for-Sale is a procedure that allows a company’s promoter to lower their shareholding by offering their existing shares to the general public. If the company's promoters own more than 75% of shares, they usually opt for the OFS method to reduce their shareholding to a certain level. This method is required to meet the regulatory standard of keeping at least 25% shares with the public.

The OFS announcement is made one or two days before the issue opening, in which a reserved 10% of the issue is set aside for retail investors. Either the Proportionate Basis or the Price Priority Method may be used for share allocation. If investors do not receive any of the shares they applied for, the non-allotted funds will be returned on the same day after 6:00 p.m. 

The first day of OFS (T day) is for non-retail investors, and the second day (T+1 day) is for retail investors. The OFS process is only for 2 days. Investors are only allowed to apply for a limit order between 9:15 AM and 3:30 PM during this time. It is a quick and transparent process, giving both retail investors and institutional investors an opportunity to take part.