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IPO Cut-off price is the share price decided by the company based in the demand of IPO shares.
Cut-off price is the price, finalized by the company, is the price within the Price Band of a book-building IPO. Applying on Cut-off price means the investor is ready to pay whatever price is decided by the company at the end of the book-building process.
When applying at a cut-off price, an investor has to pay the highest price while placing the bid. If a company decides the final price lower than the highest price asked for IPO, the remaining amount is returned to the retail investor.
Note: Check the IPO prospectus document to check the eligibility before you apply.
Note: Please read the RHP document of the IPO to check the eligibility before you apply.
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