Disclosure of Track Record of the public issues managed by Merchant Bankers

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....closures so as to enable investors to take well informed investment decisions. Further, a merchant banker is required to exercise due diligence and satisfy himself about all the aspects of the issue including the veracity and adequacy of disclosures in the offer documents. 2. Therefore, it is necessary for investors to evaluate the post-issue performance of the issuer in terms of disclosures mad....

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.... a public issue, all merchant bankers who have signed the due diligence certificate, as disclosed in the offer document, shall disclose the track record. 5. The circular shall be applicable for the public issues listed from the date of this circular, with immediate effect. However, in case of past public issues managed during the last three years, the track record as specified in Clause 3 above s....