What is the cut-off price of an IPO?
The cut-off price of an initial public offering (IPO) refers to the price at which the shares are issued to investors. In an IPO, shares are usually offered within a price band. As an investor, one can bid for shares at any price within the price band or simply select the cut-off price option. Instead of bidding, at a specific price, if you apply at the cut-off price, then you are expressing willingness to pay whichever price that shares are issued at. This increases the chances of getting an IPO allotment.
Courtsey : Upstox (start Karke Dekho)
For more about Upstox - Read more....
Comments
Post a Comment