Allotment on a firm basis in public issues by an issuing company to financial institutions, mutual funds, overseas corporate bodies, foreign portfolio investors including non-resident Indians and employees
They are members of stock exchanges, appointed to facilitate the collection of application forms and bids, also referred to as Syndicate Members. They are paid a commission for their role depending upon their collection.
The objective of the book building process is to identify the price that the market is willing to pay for the securities being issued by the Company. The Company and its lead managers specify a price band within which investors can bid. When the issue opens, investors put in bid […]