InvestorQ : What proof can bidder request from trading member for entering bids?
vaishnavi mhatre made post
IPO

What proof can bidder request from trading member for entering bids?

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vidhya Laxmi answered.
3 years ago
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Whenever a bid is entered by trading members in to the system, a unique transaction registration slip is automatically generated. Transaction registration slip gives details regarding number of shares bid for, price, the client name etc. Is it possible to enter bids less than floor price? The answer is a clear No. The system automatically rejects the bids if price is less than floor price.

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