SEBI

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mrudula (Querist)
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20 March 2009
In SEBI , I have some qurry
Plase help me.
I can't understand meaning of following terms
Can you explan me that?
Plases
It will help me to understand SEBI guidelines

Issue Price
Price Band
Record Date
Red Hirring Prospectus
Merchant Banker
Composit Issue
Market Maker
Retail Individual Investor
Firm Allotment
Offer Price
sec 81(1A) Persons

Plases reply me as soon as u can .
It's helpfull to me.

Taranjit Singh

Taranjit Singh (Expert)
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31 March 2009 Issue Price It is the price at which new issues are offered to the public, at par, or at a premium, i.e., at a price above the face value. The issue price is fixed in consultation with the lead manager, which may be a bank or a financial institution. If there is a premium, the company is required to state in the prospectus for the public and in issue advertisement as well what premium the erstwhile CONTROLLER OF CAPITAL ISSUES would have permitted. The trend now is to fix a premium at as high a level as the investors can be made to accept, as if premium is a matter of company prestige.

Record Date For the purposes of dividend distribution and entitlements to BONUS or RIGHTS ISSUES, a company fixes a date on which a shareholder must officially own shares to qualify. If a share has changed hands after the declaration of dividend, bonus, or rights before this date but the transfer has not been entered in the register of the company, the transferee can get the benefit of the dividend etc., only through the stockbroker.

Taranjit Singh

Taranjit Singh (Expert)
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31 March 2009 Merchant Bank Although historically merchant banks, as distinguished from commercial banks which deal with the general public, have been concerned with import and export trade, they have recently expanded their activities by raising finance, at home and abroad, for industry including high – risk hire – purchase financing. These banks also float new debentures and shares on behalf of companies, or underwrite them. They are increasingly involved in takeover bids and mergers, often tendering specialized advice to the bidders.

offer price - (stock market) the price at which a broker is willing to sell a certain security

red herring prospectus is a document submitted by a company (issuer) who intends on having a public offering of securities (either stocks or bonds) in the United States. Most frequently associated with an Initial Public Offering (IPO), this registration statement must be filed with the Securities and Exchange Commission(SEC).
The red herring statement contains:
purpose of the issue;
proposed offering price range;
disclosure of any option agreement;
underwriter's commissions and discounts;
promotion expenses;
net proceeds to the issuing company (issuer);
balance sheet;
earnings statements for last 3 years, if available;
names and address of all officers, directors, underwriters and stockholders owning 10% or more of the current outstanding stock;
copy of the underwriting agreement;
legal opinion on the issue;
copies of the articles of incorporation of the issuer.

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Taranjit Singh

Taranjit Singh (Expert)
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27 September 2009 If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.

Taranjit Singh

Taranjit Singh (Expert)
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27 September 2009 If this query is still pending then please post it again by updating......Good wishes.....or you can also send me a PM.

mrudula

mrudula (Querist)
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14 March 2010 Sir,
Thanks lot
but I have some more questions
1) Book Runner
2) Syndicate Member
3) Appariseal
4) Market Maker
5) Pramoter Company

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