Floor Price meaning
"Lower than floor Price and the difference between such price and floor Price shall not be more than 10 %"Please explain
The price band usually contains an upper level and a lower level. Floor Price is the minimum price (lower level) at which bids can be made for an IPO. If the issuer opts for alternate method of book building, the issuer can offer specified securities to its employees at a price, lower than floor price and the difference between such price and floor price shall not be more than 10%.
by Shubhamm Sir
at 28-Apr-2023 03:28 AM