The Bosch Home Comfort OFS
Bosch Global Software Technologies, one of the promoter entities of the company, is selling its entire 7.97% stake through this OFS process.
The clearing price of the non-retail OFS was fixed as ₹1,377, which is well above the OFS floor price of ₹1,150.
A base offer of 7.22% of the company’s paid-up equity share capital, equivalent to 19.64 shares and a greenshoe option of 0.75%, were part of this OFS.
How Can Retail Subscribe To Bosch Home Comfort OFS?
- Open your trading account, go to the “Corporate Action” or “OFS” section
- Check the floor price, bid quantity, price and other aspects before placing your bids
- In case your bid price is not above the cut-off price, which in this case is ₹1,377 per share, the bid is set to get rejected.
- Also ensure sufficient funds in your account before placing the bids. Funds proportionate to the bid will be blocked and in case of no allotment, they’d be refunded.
Who Owns Stake In Bosch Home Comfort?
At the end of the March quarter, large retail and small retail investors held 3.24% and 9.28%, respectively.Retail investors are those who hold an authorized share capital of up to ₹2 lakh, while large retail investors are those who hold an excess of ₹2 lakh.
The promoters in total held 82.22% stake in the company, where Johnson Controls Hitachi AC India Holdco Ltd. held 74.22% stake. Meanwhile, among public shareholders, mutual funds held 0.9%, while FPIs had a 0.67% stake in the company.
Shares of Bosch Home Comfort India Ltd. ended the previous session 10% higher at ₹1,407 apiece. The stock is up 3.3% in the past month.
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