2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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2 days
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5 days
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4 days
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3 days
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Detailed explanation-1: -According to new SEBI rule, existing shareholders owning more than 20% of pre-issue cannot sale more than 50% of their holding and shareholders with less than 20% pre-issue holding cannot sale more than 10% of their holding.
Detailed explanation-2: -100 and Rs. 120, the public can choose a price they think is fair enough for the IPO issue.
Detailed explanation-3: -The minimum face value of a company’s share is RS 1 while the maximum value can be any price that is decided by the management. However there is no maximum value of share that is fixed by the SEBI.
Detailed explanation-4: -The pricing guidelines for preferential issues were first introduced on August 04, 1994 mandating that the issue price shall not be less than average of weekly high and low of the closing prices for six months or average of weekly high and low of the closing prices for two weeks preceding the relevant date.