---
title: "Can retail investors apply for an OFS below the cut-off price?"
description: "No, retail investors cannot apply for an OFS below the cut-off price. According to NSE (PDF) and BSE (WEB) circulars, retail investors are only allowed…"
category: console
subcategory: corporate-actions
slug: can-retail-investors-apply-for-an-ofs-below-the-cut-off-price
canonical: https://support.arrow.trade/console/corporate-actions/can-retail-investors-apply-for-an-ofs-below-the-cut-off-price/
---

# Can retail investors apply for an OFS below the cut-off price?

> No, retail investors cannot apply for an OFS below the cut-off price. According to NSE (PDF) and BSE (WEB) circulars, retail investors are only allowed…

## Short answer

No, retail investors cannot apply for an OFS below the cut-off price. According to NSE (PDF) and BSE (WEB) circulars, retail investors are only allowed to place bids at the cut-off price or higher in an OFS.

## Related

- Browse more in [corporate actions](/console/corporate-actions/)
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---

Source: https://support.arrow.trade/console/corporate-actions/can-retail-investors-apply-for-an-ofs-below-the-cut-off-price/
Publisher: Arrow / iRage Broking Services LLP