Floor Price Of A Share

The lowest preconceived price that a seller will accept.

Floor price of a share.

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. 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. 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. 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.

The private sector lender has fixed a floor price of qip at rs 351 36 per share. The lender made the announcement post market hours. Nounthe lowest price a price which cannot go any lower. The board will meet on august 14 to consider the issue.

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. The company may offer a discount of not more than 5 on the floor price so calculated for the issue qip the filing read. Support is the dollar price where there is more demand.