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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Issuers Must Announce Price Band 2 Days Before Issue; Final Price Not Below Face Value per Regulation 29.</h1> Regulation 29 of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, outlines pricing requirements for issuers. An issuer may specify a price or price band in the offer document and determine the final price before filing the prospectus with the Registrar of Companies. The cap on the price band must be between 105% and 120% of the floor price, and the final price cannot be less than the securities' face value. The floor price or price band must be announced at least two working days before the issue opens, with financial ratios disclosed on stock exchange websites and pre-filled in application forms.
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