What are the Different Types of IPOs
IPOs are of two types.
1) Fixed Price Issue
2) Book Building Issue.
A Fixed Price Issue is a type of initial public offering in which the price at which the securities will be offered and allotted is known to investors in advance.
A Book Building Issue means that the issuer offers a price band of 20% within which investors can bid, and only after the bid is closed does the issuer determine the final price.