Role of Merchant Bankers in Issue Management & Challenges of Merchant Banking in India
Role of Merchant Bankers in Issue Management & Challenges of Merchant Banking in India
Role of Merchant Bankers in Issue Management & Challenges of Merchant Banking in India
DIBESH PADIA
Introduction
ISSUE MANAGEMENT
I. Pre-issue activities.
II. Post-issue activities.
Pre-Issue Activities
Pre-Issue Activities
1. Documents to be submitted
2. Appointment of intermediaries
3. Underwriting
4. Offer documents to be made public
5. Appointment of compliance officer
6. Mandatory collection centres
7. Final offer document
8. Application forms
9. Minimum application amount
10. Period of Subscription
Post-Issue Activities
Post-Issue Activities
1. Co-ordination with intermediaries
2. Redressal of investor grievances
3. Underwriters
4. Bankers to an issue
5. Post issue Advertisements
6. Basis of allotment
7. Compliance with guidelines on advertisement
Challenges of Merchant
Banking in India
Challenges of Merchant Banking in India
Restricts their scope of activities.
Creates trouble for bankers.
Need to develop adequate expertise.
High capital adequacy norms by SEBI.
Non-cooperation of issuing company.
High minimum authorization amount by SEBI.
Restriction of merchant banking activities.
CONCLUSION
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