What are the steps involved in Post-issue Management ?
CS Professional · Capital Commodity and Money Market · PYQS · June 2017
What are the steps involved in Post-issue Management ?
Answer & Explanation:
Answer 4 Steps involved in post-issue management are:- To verify and confirm that the issue is subscribed to the extent of 90% including devolvement from underwriters in case of under subscription. To supervise and co-ordinate the allotment procedure of registrar to the issue as per prescribed Stock Exchange guidelines. To ensure issue of refund order, allotment letters / certificates within the prescribed time limit after the closure of subscription list. To report periodically to SEBI about the progress in the matters related to allotment and refunds. To ensure the listing of securities at Stock Exchanges. To attend the investors grievances regarding the public issue.
Topics: Issue Management
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