The employee category in an offer for sale (OFS) is specifically designated for employees of the company offering the shares. This category is available for bidding on T+1 day, alongside the retail category.
Employees may select the "Employee" category while placing bids. They are also permitted to bid under other eligible categories, subject to applicable limits: - Bidding under the employee category is allowed only during market hours on T+1 day (retail window).
- Bids must be placed at the cut-off price only. The allotment price is based on the retail category’s cut-off price, after considering any applicable employee discount.
- The maximum bid amount under the employee category is ₹500,000. However, the maximum allotment per employee is up to ₹2,00,000.
- In case of undersubscription in the employee quota, the unsubscribed portion may be proportionately allotted to employees who have bid for more than ₹2,00,000. The maximum total allotment to any single employee will be ₹500,000.
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