The Registrar to an Issue and Share Transfer Agents constitute an important category of intermediaries in the securities market. List out the 'pre-issue' and 'post-issue' work undertaken by them.

The Registrar to an Issue and Share Transfer Agents undertake the following activities with respect to issue: Pre-Issue Work Sending instructions to Banks for reporting of collection figures and collection of applications. Providing Practical inputs to the Lead Manager and Printers regarding the design of the Bid cum-application form. Facilitate and establish information flow system between clients, Banks and Managers to the issue. Liaison with Regulatory Authorities such as SEBI & Stock Exchanges. Post-Issue Work Data capturing & validation Reconciliation Provide Allotment Alternatives in consultation with Client / Merchant Banker and Stock Exchanges Facilitating Listing Uploading of data to the Depositories for crediting of securities electronically Dispatch of Refund orders / Share Certificates / Credit Advise Periodic Report submission to Regulatory Authorities Reconciliation of Refund payments Attending to post issue Investor queries Web-based investor enquiry system for allotment / refund details