Den Networks Ltd OFS
Den Networks Ltd has come up with OFS, and it is open for subscription today i.e 26th March 2021, for Non-Retail category and 30th March 2021 for Retail category subscription between 9:15 AM till 2:45 PM. The same is available on our web platform as well on terminal.
Cut-off: Rs. 48.50
Issue Details
| Den Networks Ltd OFS | |
| Symbol |
DEN |
| Series - Non Retail | IS |
| Series - Retail | RS |
| Number of shares being offered for sale | Upto 55,485,048 equity shares of Rs 10/- each |
| Maximum Bid Quantity | Upto 55,485,048 equity shares of Rs 10/- each |
| Allocation Methodology | Price priority basis |
| Name of the Seller (s) | Jio Futuristic Digital Holdings Private Limited, Jio Digital Distribution Holdings Private Limited and Jio Television Distribution Holdings Private Limited |
| Name of the broker (s) on behalf the seller |
Morgan Stanley India Company Private Limited and Axis Capital Limited |
| Face Value | Rs 10 |
| ISIN |
INE947J01015 |
| Floor Price | Rs.48.50 |
| Date of offer | 26-March-2021 and 30-March-2021 |
| Market Lot | 1 Equity Share |
| Tick Size | Rs 0.05 |
| Stock exchanges where the Orders shall be placed | National Stock Exchange of India Limited and BSE Limited |
| Non Retail Category - Bidding details (IS Series) | |
| Bidding session Date (For IS series) | 26/March/21 |
| Bidding session Time | 09:15 AM to 2:45 PM |
| Series | IS (Non retail category) |
| Date to indicate carry forward of unallocated Bids in Non-retail category | 30/March/21 |
| Carry Forward Timings | 09:15 AM to 2:45 PM |
| Retail category Bidding details (RS Series) | |
| Bidding session Date (For RS series) | 30/March/21 |
| Bidding session Time | 09:15 AM to 2:45 PM |
| Series | RS (Retail category) |
| Reservation portion for Retail | 10% of offer size (As per SEBI OFS Guidelines, Retail bids below the cut-off price shall not be eligible for allocation) |
How to bid in OFS
If total bid value is not exceeding 2 lakh rupees then the investor can apply in retail category. In other cases, the investor has to apply in the HNI category.
To apply for OFS you simply have to Login – Click on IPO/OFS option – Select OFS – Apply
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