How is buying shares through an OFS different from buying shares in the normal market?
The OFS platform is an order collection system. Here:
- The buyer needs to provide a bid price and quantity.
- Bids below the floor price (specified by the company) will not be accepted.
- Investors can only buy shares. They cannot sell shares, like in the normal market.
- At the end of the bidding process, shares are allotted to successful bidders.
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