how market Price of company who listed through ipo, are finalised? and wat are upper price & lower price band?
plz reply
CA Akshay Joshi (CA) (386 Points)
12 December 2009how market Price of company who listed through ipo, are finalised? and wat are upper price & lower price band?
plz reply
kabita periwal
(audit assistant B.Com NCFM(Capital Market Module))
(41 Points)
Replied 12 December 2009
Market price r finalised based on book building process, in general. If u r a CA-Final student, thn u can read the detailed procedure in the Book of Law and chapter is SEBI Guidelines, go thru it, n u will find the answer.
Price band ranges btwn 20%, both on higher n lower levels, price band is also given in the SEBI Guidelines.
Hope, u will find the answer. All The Best.
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