Chittorgarh.com Logo
Loading...

Dredging Corp OFS opens on 21 Aug 2015 (5% discount to retail investors)

Published on Thursday, August 20, 2015 by Dilip Davda | Modified on Friday, November 1, 2019

Save over 60% on Brokerage

We can help you save between 60% to 90% brokerage fee & taxes. Contact us today...

Dredging Corp OFS opens on 21 Aug 2015 (5% discount to retail investors)

Dredging Corporation of India Ltd is diluting Govt of India's stake and is coming out with an 'Offer for Sale' of 1400000 equity share of Rs 10 each. The company has fixed a floor price for the said OFS at Rs 382 per share against its closing price of Rs 387.30 on previous eve. Thus the offer price is at a discount of little over 1% and the retail investors will get 5% discount on the cut off price offered by them. 10% of the total issue is reserved for allotment to retail investors. Minimum lot for application will be 1 and in multiple of it. Allotment will be done on 'Price Priority' basis. This offer begins at 9.15 am on 21.08.15 and will end at 15.30 hrs. It has a tick size of Rs 0.05 paise.

Selling members for this offer are 1) SBICAP Securities Ltd ( Clg. No 95 ) and 2) IDBI Capital Market Services Ltd ( Clg.No 84 ) and the seller promoter is The President of India acting through and representated by the Ministry of Shipping,Government of India(Promoter). More details on session and bidding categories are as under:

Detail on session and bidding categories

LIVEOFS SESSIONDateDayFROMTO
Bid Entry Period21st Aug, 2015T 9.15 AM3.30 P.M.
Bid Modification and Cancellation21st Aug, 2015T 9.15 AM3.30 P.M.
Give-up / Take-up 21st Aug, 2015T 9.15 AM3.30 P.M.
Give-up / Take-up Session*24th Aug, 2015T+1 10.00 A.M.1.00 P.M.

* Only for Institutional Investor bids of 0% Margin bids

Detail on session and bidding categories

Investor TypeBidding CategoryMargin TypeCollateral Type for BiddingSettlement Day
Retail Investor Individual, HUF, NRI (Bid value up to Rs 2 Lacs)RICUpfront 100% MarginCash & Cash EquivalentsT+2
Retail Investors - Individual, HUF, NRI (Bid value up to Rs 2 Lacs)RI Upfront 100% MarginCash & Cash EquivalentsT+2
Retail Investors - Individual, HUF, NRI (Bid value above Rs 2 Lacs)NIIUpfront 100% MarginCash T+1
Non Institutional InvestorNIIUpfront 100% MarginCashT+1
Institutional InvestorMF, IC, OTHSUpfront 100% MarginCash T+1
Institutional InvestorMF, IC, OTHS0% Margin----T+2

Settlement Details:

Detail on session and bidding categories

SettlementType OFS
Settlement Number1516005
Pay in funds (if any)(T+1 Day) Aug 24th, 2015 By 10.00 A.M.
Pay out of Funds / Securities(T+1 Day) Aug 24th, 2015 By 12:30 P.M.
Settlement TypeOFST2
Settlement Number1516005
Pay in (T + 2 Day) Aug 25th, 2015 By 10.00 A.M.
Pay out (T + 2 Day) Aug 25th, 2015, By 12.30 P.M.

Retail investors should opt for bids in this offer.

Rate this article
6
3.7
Rating:Rated 3.7 stars
Vote Here ...

About Author

DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.

(SEBI registered Research Analyst-Mumbai).


About Dilip Davda

Dilip Davda, a freelance journalist

Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.

Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.

Email: dilip_davda@rediffmail.com


7 Comments

7. atul  Aug 30, 2015 22:12 I Like It. | Report Abuse Reply
Dredging crop is navaratna co and is going to rock again soon as who got alllotment in ofs has sold now fresh buyong will come afterprice secondry market if have not it.
6. digamber jodhpur  Aug 23, 2015 08:26 I Like It. | Report Abuse Reply
क्या price सेट हुई
5. parkash sharma  Aug 22, 2015 14:32 I Like It. | Report Abuse Reply
plz tell me the meaning of cut off price in ofs bid
4. atul  Aug 21, 2015 19:35 I Like It. | Report Abuse Reply
Power finance 227 me mil raha hai ofs me 286 ka tha
Congrats
3. digamber jodhpur  Aug 21, 2015 16:48 I Like It. | Report Abuse Reply
393/- से कम जिसने भी bid लगाई है उसे कुछ नहीं मिलेगा congratulation
2. jigaReligare  Aug 21, 2015 15:57 I Like It. | Report Abuse Reply
u will get share if u bid above 393.15
1. Neeraj  Aug 21, 2015 09:59 I Like It. | Report Abuse Reply
Hi, Please guide should i apply for the OFS of Dredging Corp and if yes then at what price?

Thanks