Reliance IPO: Will Full payment will be given more preference than Part payment while allocation of shares?
Garry asks:
I know the pos and cons of a part payment.
However i wonder whether the FULL PAYMENT will be given with more preference than PART PAYMENT during the allocation of shares ???
I know the pos and cons of a part payment.
However i wonder whether the FULL PAYMENT will be given with more preference than PART PAYMENT during the allocation of shares ???
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No one can tell you for sure, but it is likely full payment will be given preference. They know they’re going to have to return money to some applicants, they will want to retain as much as possible by allocating the shares to those who have sent the biggest cheques in.
The IPO price band is between Rs 405-450 per share with a lot size of 15 shares and in multiples thereafter.