What is the employee category in OFS?

The Employee category in an Offer for Sale (OFS) is a specific category for employees participating in the OFS, conducted on T+1 day alongside the Retail category. When placing bids, employees can select the Employee category. However, they are also permitted to bid in other categories within the applicable limits.

Bidding process

• Bidding for employees will be allowed only during trading hours in the retail window i.e. T+1 day.
• Employees are required to place their bids only at the cut-off price on T+1 day.
• The allotment price is determined based on the retail category's cut-off price, subject to any applicable discounts.

Bid and allotment limits

• The maximum bid amount for employees is ₹5,00,000.
• Each employee is eligible for an equity share allotment up to ₹2,00,000.

In cases of under-subscription in the employee portion, the unsubscribed portion may be allocated proportionately to those employees whose bid exceeds ₹2,00,000, provided that the total allotment to any single employee does not exceed ₹5,00,000.

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