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      Question

      An issuer not satisfying the conditions may make an

      Initial Public Offer if the issue is made through the book-building process and the issuer undertakes to allot, at least of the net offer to public, to qualified institutional buyers
      A 50 Correct Answer Incorrect Answer
      B 75 Correct Answer Incorrect Answer
      C 80 Correct Answer Incorrect Answer
      D 60 Correct Answer Incorrect Answer

      Solution

      As per SEBI guidelines, an issuer company can issue securities to the public though prospectus in the following manner: 75% of the net offer  to the public through book building  process and 25% at the price determined through book building.

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