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The Book building process in an IPO is a method of price discovery. This process aims to establish a fair price based on investor demand for the issue.
As part of the book-building process, the issuer company and the lead manager determine the final cut-off price after the closing of the subscription period for the issue. The determined cut-off price is the price within the price range. If the share is in high demand, the maximum price becomes the cut-off price.
Topic: IPO Pricing Feedback
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