As per Book building method, the IPO issuing company doesn't fix the price in advance, rather gives a price band to the investors within which they are entitled to bid. The investors, in turn, bid for the same by stating the quantity as well as the price of the IPO shares at which they are interested to purchase. IPO's final price is then determined on the basis of all the bid prices.Originally Posted by Vijay_Kumar
Can I use my saving account to apply for IPO by using demat account of my friend?
No, you cannot use different account. Both demat account and bank account should be in the same name.
You will pick up maximum wrong numbers when on roaming.
Mohan - Why not you apply IPO with your friends name and later on transfer shares in your demat account.
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