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Underwritter

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(Querist)
19 October 2008 Who is called underwritter?What is his duty or job ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
20 October 2008 Sir
You may refer the following
1)SEBI(underwriters) regulations,1993.
2)SEBI(underwriters)rules,1993 and,
3)Underwriter's operational guidelines.
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CA Bosu babu

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CA Bosu babu (Expert)
23 October 2008 HE THE PERSON WHO GIVES THE GUARENTEE TO THE COMPANY DURING PUBLIC ISSUE FOR SUBSCRIBING THE BALANCE SHARES WHEN SUBSCRIPTION IS NOT FULFILLED AS PER COMPANIESA ACT(I.e.,90% of the issued shud be subscribed by the public). say an example....if a comapny went for IPO...for 100000 shares. 90% shd be subscribed.that is 90000 shares. if public has subscribed for 80000 shares then balance wil be subscribed by the underwriters who given gurantee for subscribing shares when IPO is under subscribed
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
30 October 2008 A person who is committing to take the unsubscribed portion of a public issue.
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