Andrew Yule & Company Limited has informed the Exchange about an announcement with respect to offer for sale through Stock Exchange Mechanism for sale upto 3,48,480 Equity shares of face value of INR 2/- each of Veedol Corporation Limited. Date and time of the opening of the offer for Non-Retail Investors: June 10, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Non-Retail Investors: June 10, 2025 at 3:30 p.m.; Date and time of the opening of the offer for Retail Investors: June 11, 2025 at 9:15 a.m.; Date and time of the closing of the offer for Retail Investors: June 11, 2025 at 3:30 p.m. The Sale shall continue to take place on a separate window of the Stock Exchanges commencing at 9:15 a.m. and shall close at 3:30 p.m. (Indian Standard Time) on the same date. The Floor Price for the Offer shall be INR 1,566/- (Rupees One Thousand Five Hundred Sixty Six only)
VEEDOL · price
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On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 3.2 pts more than its Lubricants peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Andrew Yule & Company Limited, a Government of India enterprise and promoter of Veedol Corporation, plans to sell up to 3,48,480 equity shares (2% of total paid-up capital) through a stock exchange OFS mechanism. The floor price is set at INR 1,566 per share, with no retail discount. The offer opens on June 10, 2025 (9:15 AM–3:30 PM) for non-retail investors, and continues on June 11, 2025 (9:15 AM–3:30 PM) for retail investors. IDBI Capital Markets and BOB Capital Markets are acting as seller brokers. A minimum of 25% of the offer is reserved for mutual funds and insurance companies, with 10% earmarked for retail investors (capped at INR 2 lakh per bidder).
Short-term selling pressure on Veedol Corporation stock is possible as the promoter trims its stake, but the size is small (only 2% of equity). The actual clearing price could end up above the INR 1,566 floor price depending on demand, making it an opportunity for retail investors to buy at or near the floor on June 11.