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Entry Price

6,102.00

Target

7,350.00

Recommend Date

25-03-2021

Return

20.45 %
BUY

Date : 25-03-2021

Quality franchise, recommend subscribe in OFS… ZF International UK i.e. the principal shareholder (promoter group) of Wabco India (WIL) proposes to sell up to 34.34 lakh shares or 18.1% stake (including green-shoe option) in WIL to comply with minimum public shareholding norms. The promoter group intend is to reduce its stake in WIL from 93.1% to 75% post offer-for-sale (OFS). It has set a floor price of |5,450/share in the proposed OFS with allocation in OFS on price priority basis. The minimum issue size thus stands at |1,872 crore. The offer will open on 25th March, 2021 for non-retail category and on 26th March, 2021 for retail category -with a minimum of 10% of the shares being reserved for retail category.