In India, the bidding process ensures that small shareholders have a say as well. But reverse book building can create too much price uncertainty. Investors rarely quote whatever price tickles their fancy and it can be quite unrealistic in some cases. Bloomberg looked at deal listing deals worth over $100 million in India in the past seven years. They found that most deals happened at a premium of 45 to 67%. That's actually double the premium that buyers in other parts of the world had to pay.