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 applications specifying the price and the number of securities bid at that price. The price should be within the price band. The issuer, in consultation with the book running lead manager decides cut-off price which is the price at which the issue gets subscribed
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An order that is placed for execution, if possible, during only one trading session. If the order cannot be executed that day […]
Existing promotors or financial institutions offering a part of their holding to the public investors. Since the Company is not issuing any […]
The total market value of a Company, calculated by multiplying the number of shares issued and outstanding by their current market price.
They are appointed by the lead managers to manage collection of funds in the issue. They are responsible for updates on the […]