Write notes on the following: (v) Price and Price Band.

Price and Price Band Regulation 30 of SEBI (ICDR) Regulations, 2009 provides that: The issuer can mention a price or price band in the draft prospectus (in case of a fixed price issue) and floor price or price band in the red herring prospectus (in case of a book built issue) and determine the price at a later date before registering the prospectus with the Registrar of Companies. However, the prospectus registered with the Registrar of Companies should contain only one price or the specific coupon rate, as the case may be. The issuer should announce the floor price or price band at least 5 working days before the opening of the bid (in case of an initial public offer) and at least 1 working day before the opening of the bid (in case of a further public offer), in all the newspapers in which the pre issue advertisement was released. The announcement should contain relevant financial ratios computed for both upper and lower end of the price band and also a statement drawing attention of the investors to the section titled "basis of issue price" in the prospectus. The announcement and the relevant financial ratios shall be disclosed on the websites of those stock exchanges where the securities are proposed to be listed and shall also be pre-filled in the application forms available on the websites of the stock exchanges. The cap on the price band shall be less than or equal to one hundred and twenty per cent of the floor price. The floor price or the final price should not be less than the face value of the specified securities. "Cap on the price band" includes cap on the coupon rate in case of convertible debt instruments.