Tata Communications Ltd OFS

Tata Communications Ltd  has come up with OFS, and it is open for subscription today i.e 16th March 2020, for Non-Retail category and 17th 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.

 

The cut-off price determined on the first day of TATACOMM OFS (16-Mar-2021) on the basis of bids received in general category is Rs 1172.25.

Issue Details

Tata Communications Ltd OFS
Symbol

TATACOMM
Series - Non Retail IS
Series - Retail RS
Number of shares being offered for sale Upto 2,85,00,000 equity shares of Rs 10/- each
Maximum Bid Quantity Upto 2,85,00,000 equity shares of Rs 2/- each
Allocation Methodology Price priority basis
Name of the Seller (s) The President of India, acting through and represented by Ministry of Railways, Government of India
Name of the broker (s) on behalf the seller

ICICI Securities Limited, Goldman Sachs (I) Securities Pvt. Ltd.
Face Value Rs 10
ISIN

INE151A01013
Floor Price Rs.1161
Date of offer 16-March-2021 and 17-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) 16/March/21
Bidding session Time 09:15 AM to 3:30 PM
Series IS (Non retail category)
Date to indicate carry forward of unallocated Bids in Non-retail category 17/March/21
Carry Forward Timings 09:15 AM to 3:30 PM
Retail category Bidding details (RS Series)  
Bidding session Date (For RS series) 04/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