https://www.taxtmi.com/news?id=15681 SEBI-directed OFS procedure split bidding into two days: non-retail bidders bid on T day for the unreserved portion while retail bidders bid on T+1 informed by T day's cut-off price; retail bids may be priced or at cut-off and receive a retail discount. Non-retail bidders could opt to carry forward bids to T+1, and any unsubscribed retail allocation is to be reallocated to non-retail bidders at the cut-off price or higher per bids, keeping the OFS open effectively for two days. en-us Wed, 24 Feb 2016 09:28:20 +0530 Wed, 24 Feb 2016 09:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15681 SEBI-directed OFS procedure split bidding into two days: non-retail bidders bid on T day for the unreserved portion while retail bidders bid on T+1 informed by T day's cut-off price; retail bids may be priced or at cut-off and receive a retail discount. Non-retail bidders could opt to carry forward bids to T+1, and any unsubscribed retail allocation is to be reallocated to non-retail bidders at the cut-off price or higher per bids, keeping the OFS open effectively for two days. News - Wed, 24 Feb 2016 09:28:20 +0530 https://www.taxtmi.com/news?id=15681