Offer for Sale (OFS) – Update
Company: Wendt (India) Ltd.
Selling Shareholder: Carborundum Universal Ltd and Wendt GmBH (Promoter)
Offer size: Upto 94,704 equity shares of Rs. 10/- each (representing 4.74% of the Total Equity Share Capital)
Reservation portion for Retail: 10% of offer size (Upto 9,471 equity shares of Rs 10/- each)
Floor Price: Rs. 2200.00 per share (Discount of 29.2% to Last Close Price as on January 06, 2021)
Offer Size at Floor Price: Rs. 20.83 crore
Trade Date for non-Retail investors (T): Thursday, January 07, 2021
Trade Date for Retail Investors (T+1): Friday, January 08, 2021
Selling Broker: Axis Capital Ltd
Note: As per SEBI OFS Guidelines, Retail bids below the Cut-Off price shall not be eligible for allocation.