The government would start receiving from Thursday offers for sale of its 7.2 crore (72 million) shares in its joint venture Maruti Udyog Ltd, as part of its decision to divest 25 per cent stake in the car company through a public offering.
Maruti's initial public offering, which would be conducted through a book-building route, would close on June 19.
At floor price of Rs 115 per equity share of Rs 5 each, the offer is being made through a 100 per cent book-building route, where up to 60 per cent would be offered to qualified institutional buyers.
In addition, at least 15 per cent of the offer would be given to wholesale bidders and 25 per cent to retail bidders.
The bids would open on Thursday even as the roadshows continue across various overseas locations to woo international investors.
The roadshows have already been conducted in Mumbai, Delhi, London, New York, Boston, Los Angeles and San Francisco and is now proceeding towards Singapore and Dubai.
