ISSUE TYPE |
OFFER PRICE |
DEMAND |
RESERVATIONS |
Fixed Price Issues | Price at which the securities are offered and would be allotted is made known in advance to the investors | Demand for the securities offered is known only after the closure of the issue | 50% of the shares offered are reserved for applications below  1 lakh and the balance for higher amount applications. |
Book Building Issues | A 20 % price band is offered by the issuer within which investors are allowed to bid and the final price is determined by the issuer only after closure of the bidding. | Demand for the securities offered, and at various prices, is available on a real time basis on the BSE/NSE website during the bidding period. | Generally, 50% of shares offered are reserved for QIBS, 35% for small investors and the balance 15% for HNI. |
What is fixed price and book building issue?
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