SEBI has been taking steps to encourage retail investors to participate in the Offer For Sale (OFS). In order to enhance more retail participation in the OFS process and to simplify the bidding process for retail investors, it has been decided that:
- OFS notice shall continue to be given latest by 5 pm on T-2 days. However T-2 days shall be reckoned from banking day instead of trading day.
- It would be mandatory for sellers to provide the option to retail investors to place their bids at cut off price in addition to placing price bids.
The complete circular can be accessed at the following link: Review of Offer for Sale of Shares through Stock Exchange Mechanism