Employee discount in alternate book-building permitted, subject to floor-price cap, allotment rules and price-priority for institutional bids. Issuers opting for alternate book building may offer specified securities to employees at a price below the floor price within a capped difference; the issuer must announce the floor price before bidding, QIBs may bid only above the floor price and receive allotment on price priority, while retail, non-institutional investors and employees receive proportionate allotment at the floor price subject to the employee discount rule. Issuers may cap allotment to a single bidder and govern bid revision and multiplicity.