I wanted to bid for OFS of SJVN, but where to find that option, I found the option of buyback but struggled to find OFS.
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@SmallCapHunter For OFS, you need to send a mail to help@dhan.co. Bidding portal will be live soon on the App.
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@iamshrimohan @PravinJ
How to apply for Glenmark OFS which is closing today for non-retail and tomorrow for retail?
Is it live on portal?
I want to apply using all 7 of my family accounts.
Thank you.
@amish For OFS, you need to send a mail to help@dhan.co with the quantity and price. FYI, the OFS for Glenmark started yesterday for Non-Retail and today is the day for Retail. Hence, ensure that your bid price is above the cut-off price to be successful as the process is manual. PFA the below SS for reference:
Our OFS module is in testing phase and will be live in a couple of weeks after testing.
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Thank you. Do I need to pay upfront or after allotment?
If upfront, then is simply adding funds to DHAN account enough or there is different procedure?
Thank you.
@amish You need to pay upfront. OFS bidding can only be done by Cash in Ledger + Pay-IN. Collateral (in any form) cannot be used.
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cut off price of GLENMARK is 830.20?
and how much min quantity needed?
@anshuwap Yes, the cut off price for Glenmark is 830.20. Minimum bidding QTY is 1.
I have sent a mail but no response from your side
@anshuwap Rest assured, we aggregate all the bids over email and then place bid on the exchange. We will update you regarding your bid order status. Note that it is a manual process for now and soon this could be done via Dhan App/Web seamlessly.
What is the cut off time? By what time do we have to send mail?
Hello, is this live now? Please let us know. Thank you.
@amish Yes. We are planning to launch this in the next OFS.
Hi @iamshrimohan is OFS live now? And what is the cutoff time for retail investor on Dhan app?
@HVerma @SmallCapHunter @amish @anshuwap The OFS will be live today for ASK Automotive. Today is the retail day. You can use the OFS Portal for bidding. OFS can be found in Money Tab > Shares Buyback and OFS > Offer for Sale. Note that the OFS will be available from 9:20 onwards.
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And what is the last time to apply for the OFS on the day?
@SmallCapHunter Same as market time. But make sure to bid before 3.20 PM to ensure its not last minute rush.
@SmallCapHunter Check now
It is showing now, thanks again!