Zerodha (Flat Rs 20 Per Trade)
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Total amount collected
= Total Number of shares applied by investors (including QIB, NIIs, and retail investors) * offer price
Let’s take an example of GNG Electronics IPO
Total number of shares applied across categories: 2,09,16,06,300 shares
Issue price = Rs 237
Amount collected = 2,09,16,06,300*237/share
= 49,571.07 crore
Note: In case of discount offered to any category, net price after discount should be considered.
