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.
NII amount collected = No.of shares applied by NII * Issue price
Let’s take an example of LG Electronics IPO
Number of shares applied by NII : 33,65,46,158 shares
Issue price : Rs.1,140
Amount collected on NII applications : 33,65,46,158 x 1,140 = Rs 38,366 cr.
