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Wendt India OFS: Parent Wendt GmbH eyes 37.5% stake sale, sets floor price at 38% discountThe floor price for the OFS has been set at ₹6,500 per share, which is at a steep 37.85% discount to Wendt India’s last traded price of ₹10,494 on the BSE.By Sheersh Kapoor   May 14, 2025, 7:40:34 PM IST (Published)1 Min ReadPromoter Wendt GmbH has announced an Offer for Sale (OFS) to divest up to 37.5% of its stake in Wendt (India) Limited, including a green shoe option of 7.5%. The total offer size stands at ₹487.5 crore.

The base offer comprises 6 lakh equity shares, representing 30% of Wendt India’s paid-up share capital. An additional 1.5 lakh shares (7.5%) may be offered under the oversubscription option, taking the total offer to 7.5 lakh shares or 37.5% of the company’s equity.

The floor price for the OFS has been set at ₹6,500 per share, which is at a steep 37.85% discount to Wendt India’s last traded price of ₹10,494 on the BSE.

The OFS will open for non-retail investors on May 15 and for retail investors on May 16, with BSE designated as the lead exchange.

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The stake sale is being executed through the stock exchange mechanism, as per SEBI’s framework for promoter OFS. Ahead of the announcement, shares of Wendt (India) Limited closed 1.38% higher at ₹10,494 on the BSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsBombay Stock Exchange (BSE)Green Shoeoffer for sale (OFS)share market todaystake sale