TMI BlogTHE BOOK BUILDING PROCESSX X X X Extracts X X X X X X X X Extracts X X X X ..... change centres and there shall be at least one electronically linked computer terminal at all bidding centres. 3. The promoter shall deposit in an escrow account, 100 per cent of the estimated amount of consideration calculated on the basis of the floor price indicated and the number of securities required to be acquired. The provisions of clause 10 of the Securities and Exchange Board of India ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e to the trading member. The trading members in turn may place these securities as margin with the exchanges/clearing corporations. 8. The offers placed in the system shall have an audit trail in the form of confirmations which gives broker ID details with time stamp and unique order number 9. The final offer price shall be determined as the price at which the maximum number of shares has be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... price is accepted the acquirer shall have to accept offers up to and including the final price i.e. 240 shares at the final price of ₹ 130/-. 11 At the end of the book build period the merchant banker to the book building exercise shall announce in the press and to the concerned exchanges the final price and the acceptance (or not) of the price by the acquirer. 12 The acquirer shall ma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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