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OFFER FOR SALE
Steel Authority of India Limited
05th December 2014, 9:15 a.m. - 3:00 p.m.
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Dear Customer,
The promoter of Steel Authority of India Limited proposes to sell 20,65,26,264 Equity Shares of Face value Rs.10/- each representing 5% of total paid up equity share capital of the company exclusively through stock exchanges (BSE & NSE) on 05th December 2014 via OFS segment. The offer under this segment enables promoters to dilute their holdings in listed companies in a transparent manner with a wider participation.
DETAILS OF THE COMPANY
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| Company Name | Steel Authority of India Limited |
| Symbol | SAIL |
| ISIN | INE114A01011 |
| Issue Size | 20,65,26,264 Equity Shares of Rs.10/- each |
| Offer Size for Retail Investors | 2,06,52,626 ( 10 % of Offer Size ) |
| Offer Size for Non Retail Investors | 18,58,73,638 ( 90 % of Offer Size ) |
| Discount for Retail Investors* | 5% to the bid price. (Limit not more than Rs.2,00,000/-) |
| OFS Bidding Time | 09:15 Hrs to 15:00 Hrs. |
| Bid Modification & Cancellation Time | 09:15 Hrs to 15:00 Hrs. |
| Floor Price |
Rs. 83
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| Market Lot | 1 Equity share |
| Tick Size | Rs 0.05 |
| Allocation Methodology | Price Priority |
Note:
The duration of the OFS shall not exceed one trading day.
Multiple bids from a single buyer shall be permitted.
Allocation basis for this offer is on price priority and hence client may get proportionate or even zero allotment in case their bid is lower than the final allocation price as decided by the exchange.
Retail bidder have option to bid in the Retail category and the general category. However if cumulative bid value exceeds Rs. 2 lakhs, the Retail bid become ineligible.
Investor shall also be liable to STT.
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