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.
The IPO listing price is not set by the company or underwriters. It is discovered by the stock exchange (NSE/BSE) through a pre-open call auction on the listing day. During this session, buy and sell orders from investors are matched, and the equilibrium price where maximum tradable quantity exists becomes the listing price. Post listing, the final opening price is determined purely by supply and demand on the trading day.
In contrast, the issue price at which shares are first offered to investors is set by the company and its underwriters based on factors such as company valuation, expected investor demand, and overall market conditions.
