Andrew Yule & Company Limited, promoter of Veedol Corporation Limited, announced an offer for sale (OFS) of the company's equity shares through the stock exchange mechanism.
The OFS will take place on June 10, 2025, for non-retail investors and on June 11, 2025, for retail investors and non-retail investors who choose to carry forward their unallotted bids.
Up to 3,48,480 equity shares with a face value of ₹2 each, representing 2% of the total issued and paid-up equity share capital, will be offered.
A minimum of 25% of the offer shares will be reserved for Mutual Funds and Insurance Companies, subject to valid bids at or above the floor price.
10% of the offer shares will be reserved for allocation to Retail Investors subject to receipt of valid bids.
Retail investor can bid upto ₹2,00,000.
The floor price for the offer is set at ₹1,566.00 per equity share.
IDBI Capital Markets and Securities Limited and BOB Capital Markets Limited are the Seller's Brokers for the OFS.