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.
After the IPO closes, merchant banker analyse demand at each price level.The cut-off price is at which total investor demand comfortably meets or exceeds the number of shares offered after evaluating all bids. Retail investors selecting Cut-off agree to buy at whatever final price is discovered.
