23-Apr-2023 04:28 PM
Sir in Book building method, for eg. a Company made an issue of 100000 shares at a price band of for eg. 300 - 330., the Company received applications for 99000 at bid price of 330 but for 1000 shares, the person bids at say 305. So now the Cut off price would be 305. So now this would be wrong for the Company right because the Company was getting 330 for almost 99% of the issue, now just because of that 1000 shares, Company is losing/ forgoing the rate of 330. What would be the solution in such case, Is it correct ?
Yes, but there is no solution for it, company will have to follow the procedure of book building.
Answer given by Shubhamm Sir at 27-Apr-2023 07:16 PM
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