yes, its somewhat like IPO, once merchant bankers agree on price bids will be invited. I assume just like IPO advising banks will underwrite the OFS. Price 'discovered' on listing day was around 600 odd. rest is speculation. Not sure if its overpriced yet, my calculations were based on PE ratio only. Plus past decades of data where govt owned companies always go down over period. If you see the latest data, catering biz contributes 45% of profit! post-covid, no one is sure if public will eat out or not.
Govt could start charging fees for renting out premises for ticket windows, food stall etc in near future...
coming back to OFS, there won't be two prices, it's just that it will be discounted by 10-15% max to current market price. No one would buy something in bulk at market price or higher if its already available in market.
Yes there will not be two prices except for a moment. The higher & lower will adjust to one price in a finger snap. Or may be it will be 5 minutes. I dont exactly know but I did not mean that two prices will continue after OFS.
What I am saying it:
One price is already discovered & being traded at.
At the most, the seller can say that "if there is someone ready to do a bulk purchase of such & such volume, I am ready to sell at such & such discount".
If thatI s what an OFS is, I dont think it should impact the market price in significant way (because discounts on bulk purchases are normal & natural).
However,
There might be a negative impact if the the discount is HUGE and still there are NO buyers.
On the other hand,
There will be a positive impact if discount is LITTLE and purchasers are lined-up
In either case, OFS price cannot be higher than market price.
And lower OFS price does not necessarily mean negative impact on market price.
That is my understanding.
Expert like you may please throw some more light on the above.