India Cements' offer-for-sale launched by promoter UltraTech Cement has seen good response from non-institutional investors, subscribing 2.75 times on August 21, the first day of bidding.


The offer-for-sale (OFS) issue opened today (T day) for institutional (non-retail) investors. Retail investors can participate in the offer on August 22, the second and final day of bidding.

Further, "those non-retail investors who have placed their bids on T day (August 21) and have chosen to carry forward their unallotted bids to T+1 day (August 22), shall be allowed to carry forward their unallotted bids for allocation to them in the unsubscribed portion of retail category and also revise their bids on T+1 day.

UltraTech Cement launched OFS today to sell up to 2.01 crore equity shares (equivalent to 6.49 percent of paid-up equity) in its subsidiary India Cements, of its total shareholding of 81.49 percent (as of June 2025). Of 2.01 crore shares, 10 percent portion is reserved for retail investors and the remainder for non-retail investors.

The OFS has subscribed 2.47 times on Thursday with non-retail investors bidding 4.98 crore shares against the total offer size of 2.01 crore shares but considering the only non-retail investors portion, the offer subscribed 2.75 times their reserved portion of 1.81 crore shares.

The issue has received bids for 2.08 crore shares from non-retail investors with 100 percent margin and 2.9 crore shares with zero (0) percent margin.

Institutional investors have an option to pay either 0 percent margin or 100 percent margin of the order value in cash at the order level for every buy order to the clearing corporation or clearing house.

The floor price for the OFS has been fixed at Rs 368 per share. At this price, the offer size stands at Rs 740.1 crore.

India Cements shares finished the session on Thursday at Rs 391.20, up 5.73 percent with a market capitalisation of Rs 12,123 crore.