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Zerodha (Flat Rs 20 Per Trade)
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Green shoe option in NCD is the option to retain the excess subscription over and above the issue size.
A company can retain up to 100% of the minimum issue size. For example, if a company intends to raise Rs 200 crores , the green shoe option cannot exceed Rs 200 crores i.e. 100% of the basic issue size.
Topic: NCD IPO Feedback
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