In an e-IPO, who coordinates all the activities amongst the intermediaries connected with the issue?
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → The lead manager
Option (1) The registrar to the issue — Incorrect. The registrar to the issue must have electronic connectivity with the exchange.
Option (2) The SEBI registered broker — Incorrect. SEBI registered brokers accept applications and place orders with the company.
Option (3) The lead manager — Correct. Many intermediaries work on one issue, such as brokers and the registrar. The lead manager coordinates all their activities.
Option (4) The depository participant — Incorrect. A depository participant is the link between the investor and the depository. It keeps the investor’s demat account.
NCERT (Pre-rationalised Edition): NCERT (Pre-rationalised Edition): “4. Rights Issue 5. e-IPOs: A company proposing to issue capital to the public through the on-line system of the stock exchange has to enter into an agreement with the”
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