https://www.taxtmi.com/acts?id=33661 Initial public offers must be fully underwritten; lead managers must underwrite a specified minimum portion, appoint registered merchant bankers or stock brokers as underwriters in consultation with the issuer, and may contract with nominated investors for subscription in case of under-subscription. Lead managers must file an undertaking one day before opening confirming full underwriting and listing each underwriter, nominated investor and sub-underwriter with their commitments. Lead managers must cover any shortfall if others fail, non-lead underwriters may only subscribe to fulfill agreements, and all underwriting arrangements must be disclosed in the offer document. en-us Fri, 21 Dec 2018 14:42:37 +0530 Mon, 12 Aug 2024 12:53:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=33661 Initial public offers must be fully underwritten; lead managers must underwrite a specified minimum portion, appoint registered merchant bankers or stock brokers as underwriters in consultation with the issuer, and may contract with nominated investors for subscription in case of under-subscription. Lead managers must file an undertaking one day before opening confirming full underwriting and listing each underwriter, nominated investor and sub-underwriter with their commitments. Lead managers must cover any shortfall if others fail, non-lead underwriters may only subscribe to fulfill agreements, and all underwriting arrangements must be disclosed in the offer document. Act-Rules SEBI Fri, 21 Dec 2018 14:42:37 +0530 https://www.taxtmi.com/acts?id=33661