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In layman terms, when you get an allotment you will get your “Sauda Price” application money. Subject To Sauda Price is the amount of money an investor gets by selling its IPO application only if he/she gets the allotment.
This option is good for the investor who doesn’t want to take market risk. You can sell your application in advance at a fixed price and earn a profit.
When you get the allotment then on the day, profits will be booked. If you have not got an allotment, your Sauda will be automatically canceled (no profit, no loss). The price for Sauda will be a bit lower from GMP and higher from Kostak Price.
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Zerodha Trade@20
