Any person who is engaged in the business of issue management either by making arrangement regarding selling, buying or subscribing to securities or acting as manager, consultant, adviser or rendering corporate advisory service in relation to such issue management. The merchant banker earns a fee for such services. Also referred to as Investment Manager or Lead Manager.
You may also like
The objective of the book building process is to identify the price that the market is willing to pay for the securities […]
A security is financial instrument that represents some kind of financial value which can be traded.
ASBA (Application Supported by Blocked Amount) is an application by an investor containing an authorization to self-certified syndicate bank (SCSB) to block […]
Ask refers to the price one demands for a security