The offer price at which the shares are issued to investors is known as the cut-off price, and it might be any price within the price band.

For this particular IPO, the price range in issue price 72 - 76 may be found here.

An initial public offering (IPO) book-building problem begins with a price range. For the issue, there is a minimum and maximum price. Within the suitable range, an investor can bid for the desired quantity in multiples of the lot size.
Selecting the cut-off option when applying for the issue signals your readiness to subscribe to shares at any price within the price band discovered during the book-building process, hence boosting your chances of receiving an allocation.

An IPO, for example, has a price range of Rs.72 to Rs.76.

If you apply for shares at Rs. 74 and the discovered issue price is Rs. 73, you will be allotted shares at Rs. 73 because you were willing to subscribe up to Rs. 74. If the detected issue price is less than Rs. 75, you will not be given an allocation.

If you choose cut-off, you will be eligible for allotment at any problem price that is discovered.