For the announcement of the price band and the bid offer period, working day means all days, excluding all Saturdays, Sundays and public holidays on which commercial banks in Mumbai are open for business. The price band may move up or down to the extent of 20 per cent of the floor price and the cap price is revised accordingly. The price band and the minimum bid lot of an initial public offer ( IPO ) is decided by the promoters or selling shareholders of a company in consultation with the book running lead managers (BRLMs). It is advertised in widely circulated English and Hindi national newspapers, at least two working days prior to the offer opening date, with the relevant financial ratios calculated at the floor price and cap price and are made available to the stock exchanges for uploading on their websites. For the announcement of the price band and the bid offer period, working day means all days, excluding all Saturdays, Sundays and public holidays on whic...
For the announcement of the price band and the bid offer period, working day means all days, excluding all Saturdays, Sundays and public holidays on which commercial banks in Mumbai are open for business.
The price band and the minimum bid lot of an initial public offer (IPO) is decided by the promoters or selling shareholders of a company in consultation with the book running lead managers (BRLMs). It is advertised in widely circulated English and Hindi national newspapers, at least two working days prior to the offer opening date, with the relevant financial ratios calculated at the floor price and cap price and are made available to the stock exchanges for uploading on their websites.
For the announcement of the price band and the bid offer period, working day means all days, excluding all Saturdays, Sundays and public holidays on which commercial banks in Mumbai are open for business.
The price band may move up or down to the extent of 20 per cent of the floor price and the cap price is revised accordingly. In case of revision in the price band, the offer period gets extended for at least three additional working days. Any revision in the price band and the revised offer period, if applicable, is disseminated by notification to the stock exchanges by issuing a press release and by indicating the change on the websites of the BRLMs and terminals of the syndicate members. The bid lot remains the same in case of a revision in the price band.
In case of a downward revision in the price band, retail individual investors (RIIs) and employees (under the reservation portion), who have bid at the cut-off price could either revise their bids or the excess amount paid at the time of bidding will be unblocked.
For the announcement of the price band and the bid offer period, working day means all days, excluding all Saturdays, Sundays and public holidays on which commercial banks in Mumbai are open for business.
In case of a downward revision in the price band, retail individual investors (RIIs) and employees (under the reservation portion), who have bid at the cut-off price could either revise their bids or the excess amount paid at the time of bidding will be unblocked.
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