Floor Price Of A Share

The private sector lender has fixed a floor price of qip at rs 351 36 per share.

Floor price of a share.

Nounthe lowest price a price which cannot go any lower. Floors in wages. The floor price at which vedanta s promoters are trying to buy out the public shareholders was set at rs 87 25 per share meanwhile the book value is determined at rs 89 38 per share based on. The lender made the announcement post market hours.

The company may offer a discount of not more than 5 on the floor price so calculated for the issue qip the filing read. Private sector lender yes bank on friday said it had set a floor price of 12 per share to raise up to 15 000 crore through a follow on public offer fpo which opens on july 15. Earlier shares of bank closed 1 61 per cent higher at rs 363 60 while the benchmark bse sensex settled 14 51 points or 0 37 per cent higher at 38 182. Mortgage lender hdfc ltd has set the floor price at rs 1 838 94 per share for its qualified institutional placement qip issue that opened on wednesday according to a regulatory filing.

At its meeting held on wednesday the securities issuance committee of the board approved a qualified institutional placement of shares at a floor price of rs 206 70 apiece according to an exchange filing. Minimum wage is an example of a wage floor and functions as a minimum price per hour that a worker must be paid as determined by federal and state governments. If a stock price reaches resistance and trades down on higher volume it is likely that it will decline to test the support or floor.