Offer under IPO to public
This query is : Resolved
26 November 2009
IPO requires minimum net offer to public of at least 25% of the post-issue capital.
What is 'public' here?
Can this include the shares allotted by the Co. to 'QIBs' via book building?
What is 'public' here?
Can this include the shares allotted by the Co. to 'QIBs' via book building?
26 November 2009
Yes QIB is included in Public.
In simple words, public means non-promter
In simple words, public means non-promter
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