Step Bid definition

Step Bid means a series of limit bids at increasing prices;
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Step Bid means a series of limit bids at increasing prices
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Step Bid. 6[in case of shares] means a series of Limit Bids at increasing prices provided that Bid Amount of any step is not less than 7[one] million rupees under the Book Building method;
Sample 1

Examples of Step Bid in a sentence

  • Therefore, in essence the Bidder has placed one Step Bid comprising of three Limit Bids at increasing prices.

  • Therefore in essence the Bidder has placed one Step Bid comprising of three Limit Bids at increasing prices.

  • If an investor is placing a Step Bid which is a series of Limit Bids at increasing prices, then he/she/it shall deposit the Margin Money / bid money based on the total number of shares he/she/it is bidding for at his/her/its stated bid prices.

  • All references in this Request For Multi Step Bid to Contractor, Proposer, Architect, and other person or persons are made relative to the singular person, male gender (e.g. "he", "him", "his", etc.) These are intended only as generic terms relative to number and gender, and are employed solely to simplify text and to conform to commonly used construction specifications language.

  • Please ensure that after rounding the number of shares multiplied by your bid 1,000,000/-.2) Eligible Investors who want to place a Step Bid, must ensure that each step amounts to PKR 1,000,000/- at least.3) Any bids received below the Floor Price will not be accepted by the Book Runner.4) An Investor shall not be allowed to withdraw or downward revise their bids.5) An Investor shall not make a bid with price variation of more than 10% of the prevailing indicative strike price.

  • All bid prices shall be firm for one hundred twenty (120) calendar days from the Multi Step Bid Price due date.

  • If an investor is placing a Step Bid which is a series of Limit Bids at increasing prices, then he/she/it shall deposit the Margin Money / bid money based on the total number of shares he/she/it is bidding for at his/her/its stated bid prices.Under this bidding strategy, Bidders place a number of Limit Bids at different increasing price levels.

  • In case of Individual Investor, the Margin Money will be 100% i.e. PKR 75,000,000/- whereas in case of Institutional Investor the Margin Money shall be 25% of the Bid Amount i.e. PKR 18,750,000/- ▪ Step Bid: A series of Limit Bids at increasing prices.

  • A bid by a bidder can be a "Limit Bid", or a "Step Bid", which are explained below:  Limit Bid: Limit bid is placed at the limit price, which is the maximum price a bidder is willing to pay for a specified number of shares.In such a case, a Bidder explicitly states a price at which he / she / it is willing to subscribe to a specific number of shares.

  • For instance, if the investor bids for 0.50 million shares at PKR 80.00 per share, 0.4 million shares at PKR 81.00 per share and 0.3 million shares at PKR 82.00 per share, then in essence the investor has placed one Step Bid comprising three limit bids at increasing prices.


More Definitions of Step Bid

Step Bid means a series of Limit Bids at increasing prices provided that Bid Amount of any step is not less than [two]4 million rupees under the Book Building method;
Sample 1

Related to Step Bid

  • Proposal / Bid means the technical proposal and the commercial/financial proposal.

  • Lowest Evaluated Bid means a bid for goods, works and services having the lowest evaluated cost among the substantially responsive bids

  • Permitted Bid means a Take-over Bid which is made by means of a take-over bid circular and which also complies with the following additional provisions: (i) the Take-over Bid is made to all holders of Voting Shares other than the Offeror; (ii) the Take-over Bid contains, and the take-up and payment for securities tendered or deposited thereunder is subject to, an irrevocable and unqualified condition that no Voting Shares will be taken-up or paid for pursuant to the Take-over Bid prior to the close of business on the date which is not less than 60 days after the date of the Take-over Bid and only if at such date more than 50% of the Voting Shares held by Independent Shareholders have been deposited or tendered pursuant to the Take-over Bid and not withdrawn; (iii) the Take-over Bid contains an irrevocable and unqualified provision that, unless the Take-over Bid is withdrawn, Voting Shares may be deposited pursuant to such Take-over Bid at any time during the period of time between the date of the Take-over Bid and the date on which the Voting Shares subject to the Take-over Bid may be taken-up and paid for and that any Voting Shares deposited pursuant to the Take-over Bid may be withdrawn until taken-up and paid for; and (iv) the Take-over Bid contains an irrevocable and unqualified provision that, if on the date on which Voting Shares may be taken up and paid for more than 50% of the Voting Shares held by Independent Shareholders have been deposited or tendered pursuant to the Take-over Bid and not withdrawn, the Offeror will make a public announcement of that fact and the Take-over Bid will remain open for deposits and tenders of Voting Shares for not less than 10 Business Days from the date of such public announcement;

  • Take-over Bid means an Offer to Acquire Voting Shares or Convertible Securities, if, assuming that the Voting Shares or Convertible Securities subject to the Offer to Acquire are acquired and are Beneficially Owned at the date of such Offer to Acquire by the Person making such Offer to Acquire, the Voting Shares Beneficially Owned by the Person making the Offer to Acquire would constitute in the aggregate 20% or more of the outstanding Voting Shares at the date of the Offer to Acquire;

  • Qualified Bidder(s means a Bidder who fulfills the eligibility criteria listed out in the E-Auction Process Information Document.

  • Price Bid means the Price Bid submitted by the Bidder, in accordance with Clause 8.15.2;