The Floor Price is for Non-Retail investors. If Non-Retail Investors bid below the floor price, their bids are rejected.
The floor price in an Offer for Sale (OFS) is specifically applicable to Non-Retail Investors (NRIs, QIBs, corporates, etc.) on Day 1 of the offer.
It represents the minimum bid price at which non-retail participants can place their bids. Any bid submitted below the declared floor price on Day 1 is rejected.
This mechanism ensures:
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