Offer for sale of Sumichem

@zerodhaonline Hi, i want to subscribe SUMICHEM @ floor price of 265 per share, but the cut off price showing is 282.65 in zerodha bulletin, will i get allotment at 265 or 282.65, nd one more thing when will i able to sell the shares?


You can apply at Rs 265 but may not get allotment. In an OFS, the cutoff price is indicative for retail shareholders since this is based on non-retail subscription. You may get allotment even if you apply at a price lower than the cut-off. But this is contingent on the bids from other retail investors. If there are a lot of bids at the cutoff, you may not get allotment below the cutoff price.

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Thank You Sir, If i get alloted, when will the shares come to my Demat, nd can i sell shares in market tomorrow?

If you are allotted, the shares will hit to your Demat account on T+2 days, you can sell your holding (T1) on the next trading day also.