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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Regulation 127: Pricing Rules for Securities Offerings, Including Price Bands and Disclosure Requirements</h1> Regulation 127 of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, outlines the provisions for pricing in securities offerings. Issuers may specify a price or price band in the offer document for fixed price issues and a floor price or price band in the red herring prospectus for book-built issues. The cap on the price band must not exceed 120% of the floor price and must be at least 105% of it. The floor price or final price cannot be below the face value of the securities. Issuers must announce the floor price or price band at least two working days before the bid opens, including relevant financial ratios, and disclose this information on stock exchange websites.
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