Veedol Corporation Limited (VEEDOL) announced that its Promoter, Andrew Yule & Company Limited, will sell up to 3,48,480 equity shares, representing 2% of the total paid-up share capital, through an Offer for Sale (OFS) mechanism.
The face value of each equity share is ₹2.
The floor price for the Offer has been set at ₹1,566.00 (Rupees One Thousand Five Hundred and Sixty Six only) per equity share.
The Offer will be conducted over two trading days:
June 10, 2025 ("T Day") for non-Retail Investors.
June 11, 2025 ("T+1 Day") for Retail Investors and for non-Retail Investors who choose to carry forward their unallotted bids from T Day.
Bidding will take place from 9:15 a.m. to 3:30 p.m. (Indian Standard Time) on both days through a separate window on BSE Limited and National Stock Exchange of India Limited (NSE).
Key allocations:
A minimum of 25% of the Offer Shares will be reserved for Mutual Funds and Insurance Companies.
10% of the Offer Shares will be reserved for Retail Investors. A Retail Investor is defined as an individual bidding for shares with a total value not exceeding ₹2,00,000 (Rupees Two Lakhs).
IDBI Capital Markets and Securities Limited and BOB Capital Markets Limited are acting as the Seller's Brokers for the Offer.