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.
In a Book Building IPO, the company sets a price band (e.g., ā¹90āā¹110), and investors bid at prices within this band. Once the bidding process ends, the issue price is finalised at the price point where the highest overall demand is concentrated, known as the discovered price (e.g. ā¹100). Therefore, Shares will be allotted to Investors those have placed bid at ā¹100.
Example: Price band ā¹90āā¹110, Maximum demand of shares was at ā¹100 hence the final price
