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What are 'firm reservations' in an IPO?

Firm reservations refer to portions of the IPO that are specifically set aside (reserved) for certain eligible groups of investors such as Market Makers, Employees, Mutual Funds, Promoters etc.. These reserved portions are not available to the general public. They are allotted separately during the main IPO process according to predefined rules.

What are 'firm reservations' in an IPO?