Recently I started using ICICI direct to apply for IPO there is a bid price on the IPO , for example for jet airways range is 800 - 1125 (apprx), How does this really work ?
Below are my questions:
If I bid for 900 and the share are allocated at 950 price what would happen ?
If I bid for 1125 (max) and the shares are allocated at 950 ? would they give me the difference ?
Also it allows up to 3 bids , does it mean only one will be executed if it matches the criteria ?
Below are my questions:
If I bid for 900 and the share are allocated at 950 price what would happen ?
If I bid for 1125 (max) and the shares are allocated at 950 ? would they give me the difference ?
Also it allows up to 3 bids , does it mean only one will be executed if it matches the criteria ?