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)
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The amount that has to be deposited with the Clearing Corporation before the purchase or sale of a security.
Bid refers to the price one is willing to pay for a security.
The first public offer of shares by a Company. When a Company makes an IPO, the shares become widely held and there […]