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TMI BlogTHE BOOK BUILDING PROCESSX X X X Extracts X X X X X X X X Extracts X X X X ..... rpose. 2. The public announcement and letter of offer shall be filed without delay with the stock exchange mentioned in paragraph 1 and such stock exchange shall forthwith post the same in its website. 3. The minimum number of bidding centres shall be: (a) the four metropolitan centres situated at Mumbai, Delhi, Kolkata and Chennai; (b) such cities in the region in which the registered office of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ternately, may mark a pledge for the same to the merchant banker in favour of the said account. 8. The merchant banker shall ensure that the equity shares in the said special depositories account are not transferred to the account of the promoter unless the bids in respect thereof are accepted and payments made. 9. The holders of physical equity shares may send their bidding form together with the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion details, time stamp and unique order number. 1 [11A. Para 1 to 11 shall not be applicable in respect of the book building process where settlement is carried out through stock exchange mechanism as specified in sub-regulation (1A) of regulation 13 of these regulations.] 2 [12. The final offer price shall be determined as the price at which shares accepted through eligible bids, that takes the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,20,000 13,70,000 600 5 1,30,000 15,00,000 ---------Final Offer Price 605 3 2,10,000 17,10,000 610 3 1,40,000 18,50,000 615 3 1,50,000 20,00,000 620 1 5,00,000 25,00,000 48 25,00,000 Assuming floor price of ₹ 550/- per share, promoter/ acquirer shareholding at 75% and number of shares required for successful delisting as 15,00,000, the final price would be the price at which the promoter rea ..... X X X X Extracts X X X X X X X X Extracts X X X X
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