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.

अभिप्राय द्या!