04 December 2014

SAIL - Offer for Sale (OFS) Details

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SymbolSAIL
Series - Non RetailIS
Series - RetailRS
Number of shares being offered for sale20,65,26,264 equity shares of Rs 10 each
Reservation portion for Retail10% of offer size
Discount to RetailRetail investors will be allocated Offer shares at
a discount of 5% to the bid price entered by them.
Maximum Bid Quantity20,65,26,264 equity shares
Name of the Seller (s)The President of India, acting through and represented by the Ministry of Steel, Government of India
Name of the broker (s) on behalf the seller1.Axis capital Limited
2.Deutsche Equities India Private Limited
3.HSBC Securities and Capital Markets (India) Private Limited 4.J.P.Morgan India Private Limited
5.Kotak Securities Limited
6.SBICAP Securities Limited
Face ValueRs 10
ISININE114A01011
Date of offer05-12-2014
Floor PriceRs 83
Market Lot1 Equity Share
Tick SizeRs 0.05
OFS Bidding Time09:15 AM to 15:30 PM
Name of the stock exchanges where the Orders shall be placedNational Stock Exchange of India Limited and BSE Limited

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