Free Brokerage In OFS
Tradedeal is discount broker offering the lowest, free brokerage in OFS. We offer option trading, commodity brokerage, futures trading, brokerage services in India. OFS, introduced by the Securities and Exchange Board of India, or Sebi, in February 2012, helps promoters of listed companies dilute stake through an exchange platform. The promoters are the sellers. The bidders can include market participants such as individuals, companies, qualified institutional buyers and foreign institutional investors. The facility is available on the Bombay Stock Exchange and the National Stock Exchange (NSE).
Free Brokerage In OFS Advantage
First, there is no need to fill the application form as the system is platform-based. Also, shares are allotted on a T+1 basis, that is, one day after the order is placed. In case of no allotment, the money is refunded the same day. The process is more transparent than that for initial public offers (IPO) as the system runs on a real-time basis. "Also, an investor can put multiple bids above the floor price set by the company, unlike in IPOs, where the bid price cannot be more than one.
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