Earlier new ipos didn’t used to collect heavy premiums. Isn’t it unfair to retail investor to collect heavy premiums and allot shares of face value of re. 10/- only?
Hello Trader,
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The issue price is decided by the company and its banker with no interference from SEBI or the exchange.
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IPO issues are also called Capital Markets, which also means the Sellers are biased over the Buyers.
thank you for your reply.