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Red herring prospects
Meaning of red herring prospects
Replies (3)
It is a prospectus which does not include complete particulars of the quantum or price of securities.
In case of red herring prospectus,the price of IPO will not be mentioned.It just says price of securities lies between,say ₹640 to ₹670.
The investors will quote their price and submit the application.
Based on this info the company will decide the price.
This is the most commonly used type of prospectus.
In case of red herring prospectus,the price of IPO will not be mentioned.It just says price of securities lies between,say ₹640 to ₹670.
The investors will quote their price and submit the application.
Based on this info the company will decide the price.
This is the most commonly used type of prospectus.
Thanks for the help
it's an application which don't mention particulars(price and no. of shares)in it.
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