The government on13th Jan confirmed the opening of sale (OFS) in SAIL for retail and non-retail investors.
The DIPAM Secretary same during a tweet the OFS in SAIL can open for non-retail investors on 14th Jan and for retail investors on 15th Jan. With this, the govt. would divest five percent equity within the firm with a five percent greenshoe possibility.
According to the small print shared by the Ministry of steel, the ground worth for SAIL OFS has been set at rupees of sixty four per equity share of the firm. the full OFS size has been calculated at 206,526,264 equity shares of the face price of rupees ten every (Base supply Size), with Associate in Nursing choice to in addition fling to 206,526,264 equity shares of the firm