querry about IPO terminology?
Russel asks:
right now an IPO of DLF is launched i need to ask what is meant by face value and what is the price band . if apply for shares what is the price we have to quote and can we apply for as little as two or three shares in IPO.
right now an IPO of DLF is launched i need to ask what is meant by face value and what is the price band . if apply for shares what is the price we have to quote and can we apply for as little as two or three shares in IPO.
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‘Face Value’ usually refers to bonds, not stocks, and means the stated value. The ‘price band’ is the upper and lower limit of the price that the shares will be issued at, and the final price will be determined at the time the offering is made ‘effective’. If you apply for shares in an IPO, you may limit your purchase to a ‘not greater than’ price, at least in the US. Yes, you may apply for two or three shares; doesn’t mean you will get them.