Makeover More-growth Financials Ltd. is in the process of making Further Public Offer (FPO). Can you advise the Board on the precautions to be taken in fixing the price and price-band for the proposed FPO ?

Board needs to be advised on the following precautions in fixing price or price band: In case of book building process, floor price or price band need to be stated in a red-herring prospectus and to determine later the price, before filing with ROC; Announce the price or price band at least five working days before opening the bid in case of IPO but in case of FPO at least one working day in all newspapers in which pre-issue advertisements got released as well as websites of stock exchanges in which listed; Announcements to specify financial ratios computed for upper and lower price band; The cap on price band shall be less than or equal to 120% of the floor price; The floor price or the final price shall not be less than the face value of specified securities involved in the Further Public Offer.