"Post issue disclosures are transparency building measures." Discuss the statement with reference to SEBI (LODR) Regulations.

The lead manager(s) shall ensure that an advertisement giving details relating to subscription, basis of allotment, number, value and percentage of all applications including ASBA, number, value and percentage of successful allottees for all applications including ASBA, date of completion of dispatch of refund orders, as applicable, or instructions to self-certified syndicate banks by the registrar, date of credit of specified securities and date of filing of listing application, etc. is released within ten days from the date of completion of the various activities in at least one English national daily newspaper with wide circulation, one Hindi national daily newspaper with wide circulation and one regional language daily newspaper with wide circulation at the place where registered office of the issuer is situated. The above details shall also be placed on the website of the stock exchanges. The lead manager(s) shall submit a final post-issue report along with a due diligence certificate as per specified formats within seven days of finalisation of the basis of allotment or within seven days of refund of money in case of failure of issue.