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List of Offer for Sale (OFS) – January 2026

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

 

OFS is typically used to:

  • Comply with SEBI’s Minimum Public Shareholding (MPS) norms

  • Reduce promoter or government stake in a company

  • Improve liquidity and widen public participation

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

 

OFS Schedule – January 2026

Scrip NameCategoryStart DateEnd DateFloor Price (₹)Cut-off Price (₹)Maximum Allowed Bid Quantity
Hindustan Zinc LtdRetail29 Jan 202629 Jan 2026N/AAs discovered3,35,00,000 shares
Hindustan Zinc LtdNon-Retail28 Jan 202628 Jan 2026685.00N/A3,35,00,000 shares
EAST INDIA DRUMS AND BARRELS MANUFACTURING LTDNon-Retail (IC / MF / OTH / NII)14 Jan 202614 Jan 2026125.00N/A6,64,840 shares
EAST INDIA DRUMS AND BARRELS MANUFACTURING LTDRetail (RI / RIC / EMP)16 Jan 202616 Jan 2026N/AAs discovered73,871 shares

 

Example: How an OFS Works

Let’s break down the OFS process with a simple example.

  • XYZ Ltd. is a listed company.

  • The promoter holds 70% stake in the company.

  • As per SEBI regulations, promoter holding must not exceed 75%.

  • To meet compliance or improve public shareholding, the promoter decides to sell 5% stake via an OFS.

  • An OFS is announced with a floor price of ₹200 per share.

 

On the OFS Day:

  • Investors can place bids on the NSE/BSE at or above the floor price.

  • If an investor bids ₹205 and shares are available, allotment may happen at that price (or at the cut-off price, if applicable).

  • The sale proceeds go directly to the promoter (seller) and not to the company.

 

Outcome:

  • The promoter’s stake reduces from 70% to 65%.

  • Investors get an opportunity to purchase shares, often at a fixed or discounted price compared to the prevailing market price

Latest Updates

26 Feb 2026

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.

25 Feb 2026

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.