Book-building method” means the process by which an
issuer attempts to determine the price to offer its securities
based on demand from the eligible investors
Additional requirements for book-building method:
Ø In commercial operation at least for immediate last 3 years;
Ø It has Net profit after tax and positive net operating cash flow
at least for last 2 financial years;
Ø Appointed separate persons as issue manager and registrar to
the issue for managing the issue;
Ø Issuer/issue has been rated by a credit rating company
registered with BSEC.
Ø At least 35% of the issue has been underwritten on a firm
commitment basis by the underwriter(s).