Reverse Book Building-Glossary

Bid
A bid is the price at which securities are offered by the shareholder which is entered in the system by the trading member. The two main components of a bid are the price and the quantity.

Exchange
Exchange means any stock exchange, which has been granted recognition under section 4 of the Securities Contracts (Regulation) Act, 1956.

Floor Price
Floor Price is the minimum price at which the bids can be placed and is determined on the basis of regulation 15 of SEBI (delisting of equity shares) regulations, 2009.

Promoter
Promoter means a promoter as defined in clause (h) of sub-regulation (1) of Regulation 2 of the Securities and Exchange Board of India (Substantial Acquisition of shares and Takeovers) Regulation, 1997.

Voluntary Delisting
Voluntary delisting means delisting of equity shares of a company voluntarily on application of the company as per requirements prescribed in the SEBI (Delisting of Equity Shares) Regulations, 2009

Public Shareholders
means the holders of equity shares, other than the following:

1. promoters;
2. holders of depository receipts issued overseas against equity shares held with a custodian and such custodian;