IPO related

#1
Can somebody please explain why in India when an IPO is announced there are 2 things
Face Value and Price Range? or something called premium?
If the value of the share is Rs 10 then it must be soled at Rs 10! ( to IPO applicants)
In countries like US and Australia if an IPO is there is only one value for IPO applicants
When it list on the market it may list at any value that is easy to understand
 

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