IPO - Book Building & Price Discovery

[@VikasBharti02]

14:09 That’s called Cut-Off Price of the IPO, not IPO Price. Also, if the price band is $4-$5, then $4.4 and $4.5 will be valid bids only if the Price Tick is $0.1. If the Tick is $0.5, then only $4, $4.5 and $5 are valid bids. You didn’t talk about Tick at all. Price discovery is totally missing.