Sir underwriting minimum subscription tak hoti hai that is 90% but jo book building issue hai toh QIB ko jo 75% milta hai uski underwriting nhi hoti hai toh book building mai 90% ki underwriting kese complete hoti hai?

As per provisions, if the issuer makes a public issue through a book building process the issue shall be underwritten by lead managers and syndicate members. In book building process, at least 75% of the net offer to the public is proposed to be compulsorily allotted to the QIBs, and such portion cannot be underwritten. Hence, remaining portion available to public shall be underwritten.

Answer given by Shubhamm Sir at 30-Mar-2023 06:28 PM