Respuesta :
When a customer buys a new stock issue from a syndicate member, the customer pays Public Offering Price
Syndicate members are commercial or investment banks that are either registered with India's market regulator, SEBI, or registered as brokers with stock exchanges and are in charge of underwriting IPOs. The issuer business and investors who place bids on IPO stocks use them as a middleman. Investors place their bids through Syndicate Members chosen by the issuer company.
Additionally, they are in charge of providing copies of the red herring prospectus and the application form to prospective investors. Syndicate Members submit the bidding information into the electronic bidding system after receiving the offers for the IPO shares. Customer pays Public Offering Price when purchasing new stock from a syndicate member.
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