Green Shoe Option
- Recently, Ministry of Finance decided to exercise green shoe option as offer-for-sale of Hindustan Aeronautics Ltd has received a good response.
- Also called an overallotment option, Green Shoe option is an option that is available to underwriters to sell additional shares during an Initial Public Offering (IPO).
- An IPO is selling of securities to the public in the primary market.
- Underwriters are allowed to sell 15% more shares than number of shares they originally agreed to sell, but option must be exercised within 30 days of ....
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