Hindustan Zinc OFS opens: How can retail investors participate?
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The Offer For Sale (OFS) of Hindustan Zinc opens for retail investors on Thursday, January 29, following strong demand from non-retail participants. The OFS was made available to institutional and non-retail investors on Wednesday and was fully subscribed, with an indicative price of Rs 691.15, above the floor price of Rs 685 but below the stock’s previous day closing. Vedanta, the promoter of Hindustan Zinc, launched the OFS to raise up to Rs 4,500 crore. The base offer comprises 0.79% of the company’s total equity, along with a green shoe option for an additional 0.59% stake, allowing the promoter to increase the overall sale size if demand remains strong. Retail investors can participate in the OFS by logging into their trading accounts and accessing the ‘Corporate Actions’ or ‘OFS’ section. They should review key details such as the floor price, bid quantity, and bid price before placing their orders. Bids must be submitted above the ...