Underwritter
This query is : Resolved
Aranya Dey
(Querist)
19 October 2008
Who is called underwritter?What is his duty or job ?
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.
You may refer the following
1)SEBI(underwriters) regulations,1993.
2)SEBI(underwriters)rules,1993 and,
3)Underwriter's operational guidelines.
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
S.Srinivasaraghavan
(Expert)
30 October 2008
A person who is committing to take the unsubscribed portion of a public issue.
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