Parkachik Glacier

July 31, 2023

The offer-for-sale (OFS) of Rail Vikas Nigam was subscribed 1.7 times.
The OFS saw bids for 18.91 crore shares as against a total of 11.18 crore shares on offer.
An Offer for Sale is a simpler method wherein promoters in public companies can sell their shares and reduce their holdings in a transparent manner through the bidding platform for the Exchange.
The OFS method was brought in by the Securities and Exchange Board of India (SEBI) in 2012 as a simpler one to aid promoters of listed forms to dilute their stake and comply with the minimum public shareholding norms by June 2013.
Anyone can bid for these shares, be it foreign institutional investors, retail investors or companies.
Any shareholder holding 10% stake in the company can participate in an offer for sale.