What is the difference between bid price and cutoff price?

What is the difference between bid price and cutoff price?

The bid price is the price per share you choose within the IPO’s price band; it is essentially the maximum you’re willing to pay. The cut-off price is the final issue price decided after the IPO closes; based on demand. If you select “Cutoff”, you agree to pay the final discovered price within the band, ensuring your application remains valid. If you enter a specific bid price, you’ll only be eligible for allotment if the final price is at or below your bid.

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    • Why did my bid fail?

      Your bid can fail due to a number of reasons. However, it is most likely that your bid price was lower than the final cut-off price, making your application ineligible for allotment. You can reach out to our support team for further assistance.

    • What is the minimum bid amount?

      The minimum bid size for the IPO is USD 1,000.

    • Can I cancel this bid now?

      Once your bid has been successfully placed, it cannot be cancelled. If you need help or have made an error, you can reach out to our support team for assistance.

    • Can I directly transfer funds from my bank account and place a bid?

      No, you will not be able to directly transfer funds from your bank account and place the bid. You will first need to add funds to your Belong wallet by transferring money from your bank account. Once the funds are credited to your wallet, you can use ...

    • When will I know the allotment status of my bid?

      After the IPO bidding period closes, the allotment process is typically completed within a few days. Investors will be notified through the app once the allotment status is available.