Veedol Corporation Limited announced on May 22, 2025, that its promoter, Andrew Yule & Company Limited, will undertake an Offer for Sale (OFS) of equity shares.
- The OFS involves up to 3,48,480 equity shares of face value ₹2 each, representing 2% of Veedol Corporation's total paid-up share capital.
- The Offer will be conducted through a separate, designated window on the BSE Limited and the National Stock Exchange of India Limited.
- The bidding for the Offer will take place over two trading days:
- May 23, 2025 ("T Day") for non-Retail Investors.
- May 26, 2025 ("T+1 Day") for Retail Investors and for non-Retail Investors who choose to carry forward their unallotted bids from T Day.
- Bidding hours on both days will be from 9:15 a.m. to 3:30 p.m. (Indian Standard Time).
- The Floor Price for the Offer has been set at ₹1,566.00 per Equity Share. No retail discount will be offered.
- Allocation methodology will be on a price priority basis at multiple clearing prices.
- A minimum of 25% of the Offer Shares is reserved for Mutual Funds and Insurance Companies.
- 10% of the Offer Shares is reserved for Retail Investors (individual investors bidding for shares of total value not more than ₹2,00,000).
- Retail Investors have the option to bid at the Cut-Off Price.
- IDBI Capital Markets and Securities Limited and BOB Capital Markets Limited are acting as the Seller's Brokers for the Offer.
- Non-institutional investors, including the Retail Category, are required to deposit 100% of the bid value upfront with the clearing corporation at the time of placing bids.
- The Seller reserves the right to withdraw or cancel the Offer under certain conditions, including insufficient aggregate orders from non-Retail Investors on T Day.