"The book building process is very transparent. All investors including small investors can see on an hourly basis where the book is being built before applying". Explain the offer to public through Book Building Process

Regulation 43 of the SEBI (ICDR) Regulations, 2009 provides that a person shall not make an application in the net offer to public category for that number of specified securities which exceeds the number of specified securities offered to public. In an issue made through the book building process under regulation 26(1), the allocation in the net offer to public shall be as follows: not less than thirty five per cent to retail individual investors; not less than fifteen per cent to non-institutional investors; and not more than fifty per cent to qualified institutional buyers, five per cent. of which shall be allocated to mutual funds. In an issue made through the book building process under regulation 26(2),: not more than ten per cent to retail individual investors; not more than fifteen per cent to non-institutional investors; and not less than seventy five per cent to qualified institutional buyers, five per cent. of which shall be allocated to mutual funds. Provided that in both the cases as mentioned above, in addition to five per cent allocation available in terms of sub-point 3 as mentioned above, mutual funds shall be eligible for allocation under the balance available for qualified institutional buyers. The issuer may allocate upto sixty percent of the portion available for allocation to QIBs to an anchor investor.