What is green shoe option in NCD?

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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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