Arrange the steps in the book building process for public issue of shares in India.
A. Determine issue price, market clearing price and price discovery
B. Book runner and syndicate members generate awareness, create demand and run the order book
C. Appointment of the merchant banker and syndicate members (SEBI registerd intermediaries) as underwriters
D. Preparation and filing of red herring propectus with the SEBI for approval
E. Allotment and listing of shares on stock exchange (s)
Chose the correct answer from the option given below:
1
C, D, B, A, E
2
D, C, A, B, E
3
A, B, C, D, E
4
B, C, D, E, A