The entity appointed by an Issuer to carry on the activities of collecting applications from investors in respect of an issue; keeping a proper record of applications and monies received from investors or paid to the seller of the securities and assisting the Issuer in determining the basis of allotment of securities in consultation with the stock exchange; finalising of the list of persons entitled to allotment of securities; processing and despatching allotment letters, refund orders or certificates and other related documents in respect of the issue.
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Commission payable to the stock broker for arranging the sale or purchase of securities. Maximum chargeable commission is fixed by the Exchanges.
A public issue in which the company in consultation with the lead manager decides on the price at which the shares will […]
A security is financial instrument that represents some kind of financial value which can be traded.
The first public offer of shares by a Company. When a Company makes an IPO, the shares become widely held and there […]