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What is the meaning of 3 bids in IPO?
You can place bids for an IPO on Console as shown below: 102 then higher of the quantities of Bid 1 and Bid 3 is taken (i.e. 50 shares at Rs. 102) In case the issue price is Rs. 100 then higher of the quantities of Bid 1, Bid 2 and Bid 3 is taken (i.e. 150 shares at Rs. 100).
How many bids should I make for IPO?
You can make a maximum of three bids. Once the application is submitted, you receive details such as IPO application number and transaction details. Do make sure that you have enough funds in the linked account for the application.
What is bidding process in IPO?
Bid at cut off price / higher price band Once the application is made at Cut off, the investor has to bid at the highest price band. The excess amount, in case the price is lower, the excess amount is refunded. The Rs.
Can I bid multiple times for IPO?
No, one person cannot apply multiple times through multiple applications for an IPO. It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.
What is multiple of bid lot?
A Bid-lot is the pre-determined number of shares which have to be applied for by an investor. It means that a retail investor cannot apply for less than 10 shares in that particular issue. The application for more than 10 shares has to be in multiples of 10 like 20, 30, 40, etc.
You can sell your allotted IPO shares in India on listing day without any issues. However, if you wish you can hold them as much as you want and sell them on any business day on which the stock market is open.
Can I sell my IPO shares on listing day?
IPO trading starts with the market opening time on listing day. Therefore you can’t sell prior to this moment. Hence IPO shares can be sold at or after the beginning of the normal trading session on listing day.
How many bids can I place in an IPO application?
You can place up to 3 bids in an IPO application. For instance, the price range of an IPO is Rs. 100 to Rs. 105. You place the following bids: In case the issue price is Rs. 103 or above then your only eligible bid is Bid 3.
What is the meaning of cut off price bids in IPO?
When u make the bids you can choose three different prices which you would like to bid in. Generally for the premium IPOs there are larger number of the cutoff price bids (the maximum price bids), hence there is no more meaning of those smaller bids because they won’t be allotted any.
What is a priority order in an IPO?
This is more suitable for less subscribed IPO where it allows u to make bid at smaller prices in an priority order, which can make u get the allotment as per your preferred strike price. In short you (a single bidder) can make 3 different bids with different quality and different price bids.
How can I withdraw my bid in an IPO?
You can also revise or withdraw your bid by giving an application to the bank as long as the IPO is open. You can give five IPO applications per issue through a single bank account. But ASBA is available only at select branches of banks (see websites of BSE Ltd and National Stock Exchange for this information).