Glamour Issue

Glamour Issue A public issue of shares, accompanied by much fanfare, often at a high premium, which the investing public take a fancy to. Usually floated by a very successful, high – Profile Company. A recent example was the Tata Steel 1989 issue: face value Rs 100, premium Rs 500, fund locked away for 7 – 9 years in the non – convertible portion of the debenture of Rs 600; total price of debenture Rs 1,200, for one share. Yet the mega issue was easily oversubscribed.

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