Define the Following terms : 

Cut off Price: In a Book building issue, the issuer is required to indicate either the price band or a floor price in the prospectus. The actual discovered issue price can be any price in the price band or any price above the floor price. This issue price is called “Cut-Off price”. 

Price Band: The prospectus may contain either the floor price for the securities or a price band within which the investors can bid. The spread between the floor and the cap of the price band shall not be more than 20%. 

Abridged Prospectus: Abridged Prospectus‟ is a shorter version of the Prospectus and contains all the salient features of a Prospectus. It accompanies the application form of public issues.

 American Depositary Share: An American Depositary Share (“ADS”) is a U.S. dollar denominated form of equity ownership in a non-U.S. company. It represents the foreign shares of the company held on deposit by a custodian bank in the company‟s home country and carries the corporate and economic rights of the foreign shares, subject to the terms specified on the ADR certificate. 

Global Depositary Receipts: Global Depository Receipts (GDRs) may be defined as a global finance vehicle that allows an issuer to raise capital simultaneously in two or markets through a global offering. GDRs may be used in public or private markets inside or outside US. GDR, a negotiable certificate usually represents company‟s traded equity/debt.