A public issue in which the company in consultation with the lead manager decides on the price at which the shares will be issued.
Monthly Archives: January 2020
Allotment on a firm basis in public issues by an issuing company to financial institutions, mutual funds, overseas corporate bodies, foreign portfolio investors including non-resident Indians and employees
An agent of the Depository through which it interfaces with the investor. A Depository Participant (DP) can offer depository services only after it gets proper registration from SEBI.
A system of organisation, which keeps records of securities, deposited by its depositors. The records may be physical or simply electronic records
The process of transforming securities holdings in physical form to those in electronic form through a depository system
An organization, usually a bank or other approved institutions that hold the securities and other assets of mutual funds and other institutional investors
They are members of stock exchanges, appointed to facilitate the collection of application forms and bids, also referred to as Syndicate Members. They are paid a commission for their role depending upon their collection.
The objective of the book building process is to identify the price that the market is willing to pay for the securities being issued by the Company. The Company and its lead managers specify a price band within which investors can bid. When the issue opens, investors put in bid […]
Shares issued by companies to their shareholders free of cost by capitalization of accumulated reserves from the profits earned in the earlier years.