What are the pre issue activities of merchant banker?
Pre-issue role of Merchant Banker in IPO Management
- ♦ Due Diligence of the issuer–
- ♦ Appointment of intermediaries-
- ♦ Filling draft offer document with requisite document.
- ♦ Making public the offer document and advertisement of the issue.
- ♦ Setting up mandatory collection center and authorized collection agents.
What are the post issue activities of merchant banker?
7.3. 1 The Post -issue Lead Merchant Banker shall actively associate himself with post-issue activities namely, allotment, refund and despatch and shall regularly monitor redressal of investor grievances arising therefrom.
What is pre issue and post issue?
… year-end prior to the year of issue is considered as the pre-issue year and the year-end of the issue-year is considered as the post-issue year.
What is pre and post issue management?
The pre issue management refers to process of coordinating the activities on issuing of the shares and setting the price of the issue. The post issue management deals with activities of collecting, evaluating the forms and allotting the certificates.
What are the pre issue activities?
Pre issue management is time bound programme and concerned with following:
- 1) Issue of shares.
- 2) Marketing,Coordination and underwriting of the issue.
- 3) Pricing of issues.
- 1) Collection of application forms and amount received.
- 2) Scrutinising application.
- 3) Deciding allotment procedure.
What is the post issue management?
The post issue management consists of collection of application forms and statement of amount received from bankers, screening applications, deciding allotment procedure, mailing of allotment letters, share certificates and refund orders. Registrars to the issue play a major role in the post management.
What are the types of issues in merchant banks?
Functions of Merchant banks :
- (1) Underwriting of shares and debentures.
- (2) Management of Public issues.
- (3) Portfolio management.
- (4) Credit syndication which involves all the steps of applying for a loan.
- (5) Corporate Advisory services.
- (6) Management of off shore funds.
- (7) Leasing and financing.
What are post issue activities?
• Redressal of the investor grievances The post-issue lead merchant banker shall actively associate himself with post-issue activities namely allotment, refund and despatch and shall regularly monitor redressal of investor.
What is pre issue management activities?
Pre issue management is time bound programme and concerned with following: 1) Issue of shares. 2) Marketing,Coordination and underwriting of the issue. 3) Pricing of issues.
What is pre issue obligation?
5.0 The pre-issue obligations are detailed below : 5.1 The lead merchant banker shall exercise due diligence. 1 The standard of due diligence shall be such that the merchant banker shall satisfy himself about all the aspects of offering, veracity and adequacy of disclosure in the offer documents.
What is mean by post issue management?
What is pre issue capital?
The equity capital before IPO is pre-issue. Sometimes at the time of IPO company increases its equity capital and issues new shares. That is post issue capital.
What are the pre-issue activities of merchant banking?
The management of public issue of securities is core of merchant banking Pre-issue activities Post-issue activities Issue marketing PRE-ISSUE ACTIVITIES Documents to be submitted: MOU Due diligence certificate List of promoters Draft prospectus in computer floppy Ten copies of draft offer
What is the role of post issue lead merchant banker?
Bank to issue • The post-issue lead merchant banker shall ensure that moneys received pursuant to the issue are kept in a separate bank (i.e Bankers to issue )as per the provisions of section 73 (3) of the companies act, 1956.
What are post-issue activities?
POST-ISSUE activities • Post issue monitoring reports The post issue lead merchant banker shall ensure the submission of the post issue monitoring reports Due diligence certificate to be submitted with the final post issue monitoring report.
What is the core of merchant banking?
The management of public issue of securities is core of merchant banking Pre-issue activities Post-issue activities Issue marketing PRE-ISSUE ACTIVITIES Documents to be submitted: MOU