Oberoi Realty promoters’ offer to sell 1.14 crore shares through stock exchanges was subscribed 1.62 times, helping the company meet SEBI’s minimum public shareholding norm.
As per the data available on the BSE, Oberoi Realty got bids for 1,85,79,667 shares as against 1,14,41,069 shares auctioned through Offer for Sale (OFS) route.
Oberoi Realty’s CMD and promoter Vikas Oberoi offered to sell over 1.14 crore shares, representing 3.49 per cent of the total paid—up share capital of the company, at a floor price of Rs 158 per share.
The average price for bids was Rs 166.93 apiece. This was 100th OFS on the BSE platform.
The company’s share price closed at Rs 174.70 apiece on BSE, up by 4.7 per cent.
Oberoi Realty has 36 completed projects across Mumbai.