List of Offer for Sale (OFS) – April 2026

An Offer for Sale (OFS) is a market mechanism that allows promoters or large shareholders of a listed company to sell their shares directly to investors through the stock exchange platform. In simple terms, it enables bulk share sales by promoters, the government, or institutional investors in a transparent and time-bound manner.

Why companies use the OFS route

OFS is commonly used to:

Comply with SEBI’s Minimum Public Shareholding (MPS) norms
Reduce promoter or government stake in a company
Improve liquidity and increase public participation

Below is the list of Offer for Sale (OFS) scheduled for April 2026

Scrip Name	Category	Start Date	End Date	Floor Price (₹)	Cut-off Price (₹)	Maximum Allowed Bid Quantity
String Metaverse Limited	Retail	22 Apr 2026	22 Apr 2026	66	As discovered	N/A
String Metaverse Limited	Non-Retail	21 Apr 2026	21 Apr 2026	66	N/A	N/A
HMA Agro Industries Ltd	Non-Retail	08 Apr 2026	08 Apr 2026	63	N/A	N/A
HMA Agro Industries Ltd	Retail	09 Apr 2026	09 Apr 2026	63	As discovered	N/A

Understanding the OFS process with a simple example

Let’s consider XYZ Ltd., a listed company.

The promoter holds a 70% stake in the company. To improve liquidity or meet regulatory compliance, the promoter decides to sell part of its stake via OFS. An OFS is announced with a floor price.

On the OFS Day
Investors can place bids on NSE/BSE at or above the floor price
Allocation is based on the price priority method
Sale proceeds go directly to the promoter, not the company

Outcome
Promoter stake reduces
Investors get an opportunity to buy shares at a transparent price

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Alert

Update on Physical Settlement in Stock F&O Contracts

From the upcoming expiry, full contract value funding is mandatory for positions resulting in physical settlement. If funds are not available, positions will be squared off before expiry, and any losses or charges will be borne by the client.

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Update

IRFC OFS Opens for Retail on Feb 26 at ₹104 Floor Price

The government has set a floor price of ₹104 per share for the IRFC offer for sale (OFS), with retail bidding opening on February 26, 2026, following non-retail participation on February 25. The Centre plans to divest up to a 4% stake in Indian Railway Finance Corporation, potentially raising around ₹5,430 crore at the indicated price. Meanwhile, IRFC shares slipped to a two-year low of ₹104.52 on the NSE.