The security and exchange board of India (SEBI) has approved new guidelines for initial public offer (IPO). According to new rule, the investors have to pay the amount for allotted shares. The investors are exempted to pay 100 percent advance fees. The amount can be retained in bank account till the completion of entire allotment process.
Archidply Industries will enter the capital market with an initial public offering, IPO of 66,15,720 equity shares of Rs 10 each through 100% book building process on June 11, 2008.
guidelines for initial public offer (IPO). According to new rule, the investors have to pay the amount for allotted shares. The investors are exempted to pay 100 percent advance fees. The amount can be retained in bank account till the completion of entire allotment process.
