At what price should I apply in OFS?

Created by Rushikesh borade, Modified on Mon, 13 May at 10:25 AM by Co-ordination Team

 

OFS allotment works on the price priority method. The higher the price you bid at, the higher your chances of allotment. Bid details are available on the exchange website:
NSE: https://www1.nseindia.com/live_market/content/live_watch/offer_sale/ofs_sale.htm
BSE: https://www.bseindia.com/markets/PublicIssues/OFSIssuse_new.aspx
Check for the maximum quantity available for the category that you wish to apply in and then check the cumulative quantity from the highest price available across both the exchanges. You should apply at a price higher than or equal to the price of the cumulative quantity across exchanges where it meets the maximum quantity.The bid quantity and bid price keep on changing depending upon demand till the market closes. So you have to keep a constant watch on the bid demand available across the exchange website till market closing and modify your bid accordingly if required.

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