The important intermediaries/players in the new issue market are: 1. Merchant Bankers (Managers to the Issue) 2. Underwriters 3. Registrars to the Issue 4. Brokers to the Issue 5. Banker to the Issue 6. Syndicate Members. 1. Merchant Bankers (Managers to the Issue): SEBI regulations 1992 prescribes that all public issues should be managed by at least one merchant banker [...]
Basically, issues made by an Indian company can be classified as follows: 1. Public Issue 2. Private Placement 3. Rights Issue 4. Bonus Issue 5. Employees Stock Option Plan (ESOP). Method # 1. Public Issue: A public issue is an issue where anybody and everybody can subscribe for the securities. When an issue or offer of securities is made to [...]
The following points highlight the various forms of credit rating services in India. The forms are: 1. Credit Rating and Information Services of India Limited (CRISIL Limited) 2. Credit Analysis & Research in Equity (CARE) (CARE Ltd.) 3. The Investment Information and Credit Rating Agency of India (ICRA) - (ICRA Ltd.) 4. Fitch Ratings India Pvt Ltd. 5. ONICRA (ONIDA [...]