IPO- Consent from Financial Institution

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.