What is an Offer For Sale (OFS)?
An Offer For Sale (OFS) is a method of inviting the public to buy shares of a company from promoters who wish to dilute/ offload their holdings. Here, new shares are not created for the issue (as opposed to IPOs and FPOs).
Except the sellers for concerned OFS, all market participants, including individuals, mutual funds, Foreign Portfolio Investors (FPIs), Foreign Institutional Investors (FIIs), insurance companies, corporates, other Qualified Institutional Bidders (QIBs), HUFs, NRIs etc., can participate in an OFS issue.
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