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A Fixed Price issue is where the company sets a single price for its shares, and all investors apply at that same price. There are no real-time subscription numbers during the issue; actual demand becomes visible only after the IPO closes. Fixed price issues are easier to understand for retail investors because only one price is announced and there is no need to decide the bid price.
Most SME IPOs follow the fixed-price method because issue sizes are smaller, price discovery is simple,r and regulatory requirements are lighter.
