The price range within which investors can bid for IPO shares. It is set jointly by the company and the underwriter and is different for each investor category, viz. qualified institutional buyers (QIBs), retail investors, and high net-worth individuals (HNIs). It is generally the lowest for retail investors (i.e. private individuals)
You may also like
The excess subscription amount received by the company in case of an oversubscribed IPO is called oversubscription.
The process of transforming securities holdings in physical form to those in electronic form through a depository system
Ask refers to the price one demands for a security
Shares issued by companies to their shareholders free of cost by capitalization of accumulated reserves from the profits earned in the earlier […]