can anyone tell me how an IPO gets a particular price once listed ?? for eg Nitin firework got a price of 370 or something today. Please if anyone can explain this it will be helpful for me.
can anyone tell me how an IPO gets a particular price once listed ?? for eg Nitin firework got a price of 370 or something today. Please if anyone can explain this it will be helpful for me.
it depends upon the Price to earnings of the competitors vis a vis the issuing company and please also note that the demand for the ipo is directly related to its valuations . For more refer to my times of india article dated 24th of april or alternatively you can refer to the same article on the below link. http://www.timesyourmoney.com/fullArticle.aspx?artID=Lead Story&issue=April_24_2007