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QIB amount collected = No. of shares applied by QIB * Issue price
Let’s take an example of LG Electronics IPO
Number of shares applied by QIB : 3,41,43,23,133 shares
Issue price : Rs.1,140
Amount collected on QIB applications : 3,41,43,23,133 x 1,140 = Rs 3,89,233 cr.
