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
ASBA (Application Supported by Blocked Amount) is an application by an investor containing an authorization to self-certified syndicate bank (SCSB) to block […]
Refers to the market where equity or debt is raised from general public investors through an offer of securities. It is called […]
The first public offer of shares by a Company. When a Company makes an IPO, the shares become widely held and there […]
The procedure for verifying trade details carried out by the clients