In the book-building process of an IPO, the price of shares is determined through a bidding process as per the demand for shares under each investor category. In an open book-building process, merchant bankers and underwriters along with the issuer will display the demand for securities on a public platform, such as, website of stock exchanges. This helps investors to know the demand for the company’s stocks in real-time and thereby place their bids within the price band accordingly.
In a closed book-building process, the book and thereby the information related to the demand for the shares is not made public. Interested bidders have to thereby take a call without any information around bids submitted by other bidders.
A PPF calculator is an online tool that helps you calculate the maturity amount at…
Non-resident Indians are not allowed to open a new PPF account. However, if a resident…
PPF rules do not allow joint accounts. An account can only be opened in the…
After the maturity of the PPF account, you have the option to extend it for…
From the 7th financial year onwards, you can make partial withdrawals from your PPF account.…