Why was the OFS allotment not received even though the request was placed before the cut-off?

In TradeJini, the Offer For Sale (OFS) allotment process is overseen by the exchanges, not the broker. The cut-off price is established through bids from the non-retail category, potentially resulting in a higher allotment price due to increased demand for OFS shares.

On the first day of the OFS, bids from the non-retail category (those exceeding ₹2 lakhs or corporate entities) are accepted. The cut-off price for allocation is determined based on these bids, shaping the subsequent allotment.

For detailed insights into the allocation methodologies of OFS issues, refer to the BSE circular (PDF).