IPO- Consent from Financial Institution

Is it mandatory for companies to obtain the consent from Banks & Financial Institution for an IPO issue ?

If such is a cases, what should be the nature of such Consent from lenders side ?

Replies (5)

Upto my understanding;

 

There is two matter in your question:-

 

1.      Consent of Banker to the issue- definitely you will have to seek the consent of bankers who are going to be your Bankers to the issue and the disclosure of the same will be given in RHP.

 

2.      Consent of the lenders- Whether this is also the requirement of ICDR PART-A (XI)(N) {i.e. Consent of the Directors, auditors, solicitors or advocates, merchant bankers to the issue, registrar to the issue, bankers to the issuer, lenders and experts}.

 

But more specifically if your company is availing consortium finance then the agreement must have a clause that the company will obtain prior consent of Bankers before the issue.

 

Here, lenders consent will be like a No Objection from their side.

 

Others views solicited.

 

Agree with Vivek. For lender it must be in the form of no objection and in case of Banker to the issue it must be in the form of consent to act as Banker.

Agreed with Ankur sir and Vivek sir.

i am totaly agreeing with the Vivek as because the matter is resisting up to for which you you have enquired.

Dear Sir,

Can you please provide me a format for the same.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
14 October 2026
Asst. Manager/Dy Manager (Costing)

manufacturing

Pune

CMA

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
21 October 2026
CA INTER/ BCOM WITH EXPERIENCE

CA S KUMAR GUPTA & CO

Amritsar

CA Inter

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
19 October 2026
Accountant

Jari Saree Center

New Delhi

Others

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details