to buy stock in ipo at what price we should place a bid? say xyz company ipo is availble at a price band of 100-120 if someone wish to buy 1000 stock then at what price he should place the bid and what will be the issue price?if his bid greater greater than issue price then what about the remaining money and also if his price is less the issue price then how can he get shares.
eg:he placed a bid rs.100 for 1000 stock and the issue price is 110 in this case the stock will allot him or not..?
eg:he placed a bid rs.100 for 1000 stock and the issue price is 110 in this case the stock will allot him or not..?