The price range within which investors can bid forĀ 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
In a rolling settlement, each trading day (“T”) is considered as a trading period and trades executed during the day are settled […]
Any document described or issued as a prospectus and includes any notice, circular, advertisement or other document inviting offers from the public […]
Portfolio Management Services (PMS), a service offered by the Portfolio Manager, is an investment portfolio in stocks, fixed income, debt, cash, structured […]
The objective of the book building process is to identify the price that the market is willing to pay for the securities […]