What is bid1 bid 2 bid3 in IPO application?

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In a book-building IPO, where the price range is set by the issuing company, an investor can place up to 3 bids.

The investor has the option to submit bids with three different price and quantity combinations - Bid1, Bid2 and Bid3. The chosen price should be within the price range and the quantity should be a multiple of the minimum lot size.

The application amount of the highest bid of the 3 bids will be blocked from the bank account.

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1 Comments

1. Gaurav Sahu

| Link|November 1, 2023 3:06:25 PMReply

For example in bid1 I apply for 1 lot and in bid for 2lot and bid3 for 3 lot. In this process for 3lot which is highest amount... This much amount will get blocked.
What will happen if get allotment for 2lot which is bid 2... Then will I be getting the remaining amount.

1.1. Vishal

| Link|April 19, 2024 5:43:09 PM

Bid which have largest no of quality

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What is bid1 bid 2 bid3 in IPO application?

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