Académique Documents
Professionnel Documents
Culture Documents
1. Follow on offer
2. Intial public offer
3. Right issue
Two types of Issue
• Fixed price issue:Where company and lead
merchant banker fix price .The basis of issue
.The basis of issue price is disclosed in the offer
document where the issuer disclosed the details
about the qualitative and quantitave factors
justifying the issue price.The issuer can mention
a price band of 20 % in the draft offer docs filed
with SEBI and actual price can be determined at
a later date before filing the finaloffer docs with
SEBI/ROCs.
Book Building Issue
• Used in IPOs for efficient price discovery.
• Bisd are collected from the investors at
various prices,which are above or equal to the
floor price.The offer price is determined after
the bid closing date.
• The demand can be known everyday as the
book is being built.
• It shd remain open for public at least 3 days.
Price Band
• The prospectus can contain either a floor
price or a price band within which the
investors can bid.
• The spread between the floor and cap of
the price band shd not be more than 20 %.
• Price band can be revised .
• Issue at face value or at
discount/premium.
Cut off price
• The actual discovered issue price can be
any price in the price band or any price
above the floor price.
• The issue price is called cut off price.
• This is decided by the issuer and the lead
manager after considering the book and
investors appetite for the stock.
• Only retail investors can apply for Cut-off-
price.
Face value of shares/debentures
Right Issue
FII DII
The following is combined FII trading data across NSE and BSE collated
on the basis of trades executed by FIIs on 19-Aug-2008.
FII trading activity on NSE and BSE in Capital Market Segment(In Rs. Crores)
DII trading activity on NSE and BSE in Capital Market Segment(In Rs.
Crores)
Category Date Buy Value Sell Value Net Value
DII 19-Aug-2008 500.74 486.18 14.56
Trade Statistics for 19-Aug-2008
Interest Futures 0 0 -
No. of Amt in No. of Amt in No. of Amt in No. of Amt in No. of Amt in
contracts Crores contracts Crores contracts Crores contracts Crores contracts Crores