Book Building is basically a process used in IPOs for efficient price discovery.
It is a mechanism where, during the period for which the IPO is open, bids
are collected from investors at various prices, which are above or equal to
the floor price. The offer price is determined after the bid closing date.
It is a mechanism where, during the period for which the IPO is open, bids
are collected from investors at various prices, which are above or equal to
the floor price. The offer price is determined after the bid closing date.
