Registrar to the Issue
Registrar to the Issue
Imperial Capital Limited (ICL) conducts registrar to issue services and conducts the following -
Processing Applications from Investors
Processing applications from investors involves receiving and reviewing applications submitted by investors who are interested in participating in the offering. This typically includes verifying the completeness and accuracy of the application forms, ensuring compliance with regulatory requirements, and conducting necessary background checks or due diligence on the investors.
Keeping Record of Applications and Money Received from Investors or Paid to the Sellers
This action involves maintaining accurate records of the applications received from investors. This includes keeping track of important details such as investor information, the number of securities applied for, the amount of money received from investors as payment for the securities, and any other relevant transaction details.
Assisting in Determining the Basis of Allotment of Securities
The basis of allotment refers to the criteria or rules used to allocate securities to investors who have applied for them. This action involves analyzing the total demand for securities, considering factors such as oversubscription, proportionate allocation, priority criteria, and any applicable regulations or guidelines. The goal is to ensure a fair and transparent allocation process that takes into account the interests of all investors.
Finalizing the List of Persons Entitled to Allotment of Securities
Once the basis of allotment has been determined, the list of investors who are eligible to receive the securities is finalized. This list includes the names of individuals or entities who will be allocated the securities, along with the number of securities allocated to each investor. This process involves careful review and cross-verification to ensure accuracy and compliance with the allocation rules.
Processing and Distributing Allotments, Refunds or Certificates and other Related Documents
After finalizing the list of persons entitled to allotment, the necessary procedures to complete the allotment process is carried out. This includes issuing allotment letters, share certificates, or other relevant documents to investors who have been allocated securities. Additionally, if there is oversubscription or if some investors’ applications are not fully allotted, then there is processing of refunds or alternative arrangements as per the terms of the offering. It is ensured that all necessary documentation and communication are appropriately handled and distributed to the investors involved in the securities offering.
