How do I apply for an OFS?
Here you can view all the stocks undergoing an OFS. Hover on the stock whose OFS you want to participate in and click on 'Options' and select 'Place order'.
You can place your bid on this page. You can also place your bid at the 'Cut off price' by selecting the 'Market order' check box. Bidding at 'Cut off' price ensures you will get an allotment where the allotted quantity will depend on the demand at various price points. Refer to this NSE FAQ on OFS for more information.
- The cut off time for placing OFS orders is 2:30 PM. Ensure sufficient funds in your account on the offer end date to get the allotment.
- A charge of Rs.20+GST per order will be charged for every OFS order placed.
- Zerodha will not be funding your OFS Purchase. However, if your account results in a debit for any reason, post allotment of OFS, interest at the rate of 0.05% will be charged on the debit balance.
Note: Orders above 2 lakhs will not be accepted on Console. These will be considered as Non-Institutional Investor (NII) category orders [non-retail]. Such orders will be accepted offline. You can raise a ticket below, before 2PM on the 1st day of the Issue period(T day) to place an order.
The order acceptance period & other details of the OFS like Floor price (Minimum Bid Price), Max allowed quantity per investor, Max allowed investment per investor, Allocation Methodology etc. can be found on the Zerodha Bulletin.