The prospectus of the issuer company may contain either the floor price for the securities or a price band within which the investors can bid for the shares. The spread between the floor (minimum) and the cap (maximum) of the price band shall not be more than 20 per cent. The price band can be revised and such a revision shall be informed to the investors by informing the stock exchanges, by issuing press etc. In case the price band is revised, the bidding period need to be extended for a further period of three days, subject to the total bidding period not exceeding thirteen days.
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