The base offer size is to sell 7.22% of the total outstanding equity of the company, with a greenshoe option of another 0.75% stake.
Bosch Home Comfort’s OFS for non-retail investors opens for subscription today, while retail investors can bid for it on Friday, June 19.
A minimum of 10% of the shares on offer are reserved for retail investors, classified as those who have an authorized share capital of up to ₹2 lakh. The company plans to sell 19.63 lakh shares through this OFS.The OFS will open for non-retail investors on Thursday, and for retail investors on Friday, June 19.
At the end of the March quarter shareholding pattern, promoters of Bosch Home Comfort have a 82.22% stake in the company, where Johnson Controls Hitachi AC India Holdco Ltd. has a 74.22% stake, while Bosch Global Software has a 7.97% stake. The stake sale will be a clean out trade for Bosch Global Software.
Among the public shareholders, Mutual Funds had a 0.96% stake in the company at the end of the March quarter, FPIs had a 0.67% stake, while close to 30,000 small retail investors, had a 9.3% stake in the company.
Shares of Bosch Home Comfort are trading 4% higher on Thursday at ₹1,330.7. The stock had ended 5% lower on Wednesday at ₹1,280. The stock is still down 10% so far this year.
