Question
An issuer not satisfying the conditions may make an
Initial Public Offer if the issue is made through the book-building process and the issuer undertakes to allot, at least of the net offer to public, to qualified institutional buyersSolution
As per SEBI guidelines, an issuer company can issue securities to the public though prospectus in the following manner: 75% of the net offer to the public through book building process and 25% at the price determined through book building.
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A can do a work in 10 days and B in 15 days. If they work on it together for 4 days then in how many days the remaining work will be completed by B?
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