What is the procedure to apply for OFS in FYERS?

What is the procedure to apply for OFS in FYERS?

You can bid for the companies that go for Offer For Sale (OFS) through FYERS. The procedure to apply for OFS is as below:

Go to FYERS OFS portal and login using your FYERS credentials as shown in the image below:

Scroll down, and you will be able to view all the ongoing OFS. Click on the company you want to bid on as displayed below:

Go through the details, such as the minimum bid quantity, price, etc., and click on ‘Apply Now.’

Enter the blank fields such as Quantity, Price, DP ID, and tick the checkbox ‘I hereby verify all the details filled are correct.’ Once the fields are filled, click on ‘Apply Now.’

Note: You must make sure that you’ve sufficient funds in your trading account. If you do not have sufficient balance, kindly click on Add Funds to infuse the same.

The order will be placed successfully, and the order status will show ‘Inprocess’ as shown below:

Once approved, the shares allotted will be credited to your Demat on relevant dates.

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