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Glossary

Important IPO Terms

Price band, lot size, issue size, subscription, basis of allotment and listing.

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Price band

The range within which bids may be placed.

Lot size

The minimum number of shares that may be applied for in a lot.

Issue size

The total value/number of shares offered, as specified in the offer document.

Subscription

Demand received in relation to the shares offered, reported by category and at a particular time.

Basis of allotment

The method and final allocation of shares after the issue closes.

Listing

Admission of securities to trading on a recognised stock exchange.

This article is for educational purposes only and is not investment advice. Investments in securities markets are subject to market risks.