1 point
What is the spread of price
band in the book building
process?
It should not be greater than 120%
of floor price
It should not be greater than 120%
of upper limit
It should not be less than 120% of
floor price
Answers
Answered by
0
Answer:
The offer document may have a floor price for the securities or a price band within which the investors can bid. The spread between the floor and the cap of the price band can not be more than 20%. In other words, it means that the cap should not be more than 120% of the floor price. The price band can have a revision.
Answered by
0
Answer:
The offer document may have a floor price for the securities or a price band within which the investors can bid. The spread between the floor and the cap of the price band can not be more than 20%. In other words, it means that the cap should not be more than 120% of the floor price. The price band can have a revision.
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