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Shalby Ltd promoter group OFS by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Shalby Ltd promoter group OFS by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Company announced Offer for Sale of shares of the Company by one of its Promoter, Shah Family Trust through the Stock Exchange Mechanism. Promoter has set the floor price of ₹111 for Non-retail as well as retail shareholder. Company has fixed the 27th April 2021 as a time window for retail participants to apply for an offer for sale. Promoter has offered 5.38% of the total paid up equity share capital of the company.
We suggest retail investors not to apply for this OFS as there will be very remote chances of getting any gains. After the OFS stock may see some pressure for couple of weeks.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
