Bong asks: I want to buy Reliance IPo around RS. 100000 through ICICI Ditect.com.I know for Retail investors have the option for paying only 25% means RS 115 per share at the time of applying. Now I want to know , suppose when login to icicidirect.com and click on IPO section. The two option button displayed like “Retail” and “Non-Institutional”.
Suppose I click on “Retail” then how much how much price should be entered for buying 225 shares?
If I m right total amount for buying 225 shares, I will have to pay 225 * 115 =25875 and rest of amount when shares are allocated.
Please clarify my point.
I am right or wrong