An occasion where new shares in a company are sold through a financial organization,
rather than directly by the company itself. It is a method of share sale through
the exchange platform for listed companies.
Compared to a public issue or an IPO where the proceeds of the issue flow to the
company, in case of an offer for sale, the proceeds flow to the shareholders who
are offering the shares. In case of an offer for sale, there is no fresh issue
of shares since the shareholders are selling their existing shares.