Cut Off Price
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 December 2010
What is the meaning of Cut Off Price in reference to IPOs???
02 December 2010
In Book building issue, the issuer is required to indicate either the price band or a floor price in the red herring prospectus. The actual discovered issue price can be any price in the price band or any price above the floor price. This issue price is called “Cut off price”. This is decided by the issuer and LM after considering the book and investors’ appetite for the stock. SEBI (DIP) guidelines permit only retail individual investors to have an option of applying at cut off price.
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