offer for sale


Also found in: Acronyms.

offer for sale

a method of raising new SHARE CAPITAL by issuing company shares to the general public at a prearranged fixed price or by tender.

A company usually makes an offer for sale by placing its PROSPECTUS and application form for shares in a newspaper to invite the public to subscribe for shares. The application details will specify the deadline by which all application forms and accompanying cheques from prospective buyers must be received. At the deadline date, lists will be closed and shares allocated among successful subscribers (see ALLOTMENT); monies will be returned to unsuccessful applicants. See SHARE ISSUE, OVERSUBSCRIPTION.

offer for sale

a method of raising new SHARE CAPITAL by issuing company shares to the general public at a prearranged fixed price. See SHARE ISSUE.
References in periodicals archive ?
This study focuses on the influence of "offer for sale" by existing shareholders in an IPO firm on investors' reaction in the IPO immediate aftermarket.
New Delhi [India], October 25 ( ANI ): The Government of India is likely to raise Rs 750 crore through the disinvestment of five percent paid-up equity shares of state-owned NLC India Limited (NLCIL) through Offer for Sale (OFS) mechanism, thereby reducing its shareholding in the company to 84.32 percent.
The firm said, 'The board of directors of HDFC Standard Life Insurance Company Limited (HDFC Life), a material non listed subsidiary of the Corporation, at its meeting held on April 18, 2016, approved taking steps to initiate the process for an initial public offer (IPO) by way of offer for sale by the Corporation, up to 10 percent of the paid - up and issued equity share capital of HDFC Life.'
Crecca, HCC president and chief executive officer, "Earlier this year, we announced plans to offer for sale each of Haights Cross' operating businesses.
We are pleased to offer for sale this well presented, 3 bedroom detached property.
"The Sandwell bye law only relates to the sale of a vehicle on the highway, whereas the 2005 Act makes it an offence to offer for sale two or more vehicles parked on a road," he said.
It fails to mention that members of the British Fur Trade Association (BFTA) do not handle or offer for sale domestic cat and dog skins.
You may not sell or offer for sale, as principal, agent, or broker, any life or health insurance product if the status of the applicant or insured as a victim of domestic violence or as a provider of services to victims of domestic violence is considered as a criterion in any decision with regard to insurance underwriting, pricing, renewal, or scope of coverage of such product, or with regard to the payment of insurance claims on such product, except as required or expressly permitted under State law.
Mumbai: Capital markets regulator Sebi Wednesday decided to expand its offer for sale (OFS) framework to all the companies with market capitalisation of Rs 1,000 crore and above.
Summary: New Delhi [India], August 3 (ANI): The Government of India disinvested 6.83 percent of paid up equity in Hindustan Copper Limited through Offer for Sale (OFS) and is likely to get approximately Rs 400 crore from this disinvestment.
The government was planning for the sale of of 5% stake in the company through offer for sale. But, the government has put the plan on hold due to persistent opposition from the trade unions.