BHEL OFS, Feb. 11 -- Bharat Heavy Electrical Limited's (BHEL) offer for sale (OFS) that kicked off today, February 11, garnered a stellar response from non-retail investors. And tomorrow, retail investors will get their chance to apply for BHEL OFS.

The PSU stock cracked 6% today as the two-day OFS by the promoters, i.e. the government of India, kicked off with a floor price of Rs.254 - which is at a 8% discount to the last close of Rs.276.10.

The effective discount is now minimal at 2%-3%, with supply pressure likely to persist. Against this backdrop, the key question remains whether retail investors should apply for BHEL OFS when it opens for them tomorrow.

Before deciding whether to apply or not, investors must understand that this ...