They are appointed by the lead managers to manage collection of funds in the issue. They are responsible for updates on the collection figures to the lead managers.
Monthly Archives: January 2020
ASBA (Application Supported by Blocked Amount) is an application by an investor containing an authorization to self-certified syndicate bank (SCSB) to block the application money in the bank account, for subscribing to an issue, if an investor is applying through ASBA. The application money is debited from the bank account […]
IPO or Initial Public Offering is the process by which a company raises capital by issuing shares to investors with the intention of getting listed on the stock exchange
A day count convention determines how interest is calculated over a period of time for fixed income instruments. The most widely used day count conventions are – 30/360 Actual / Actual Actual / 365 Actual / 360 Actual / 364
In the Indian context the terms debentures and bonds are used interchangeably. A debenture is also an financial instrument representing the loan taken by the company issuing such debentures. Debentures may be secured or unsecured. See Also – Bonds
A security is financial instrument that represents some kind of financial value which can be traded.
A coupon in the financial world is defined as the periodic interest rate paid on a fixed income instrument that is expressed as a percentage of its face value. A coupon payment on a fixed income instrument is the periodic interest payment that the instrument holder receives from the instrument’s issue date until it matures.
Alternative Investment Fund or AIF means any fund established or incorporated in India which is a privately pooled investment vehicle which collects funds from sophisticated investors, whether Indian or foreign, for investing it in accordance with a defined investment policy for the benefit of its investors.