What is the role of a merchant banker?

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In an IPO, a merchant banker is responsible for determining the eligibility of the issuer to file an IPO and appointing intermediaries such as bankers, legal counsel, auditors, registrars, compliance offices, etc. The Merchant Banker is also responsible for preparing the IPO prospectus and advertising the IPO.

Due diligence
IPO Application Submission.
Helps in structuring the issue/offering details.
Preparing the draft prospectus.
Advertisement of Issue.
RHP - Red herring prospectus drafting and submission.
Assists with the allotment process.

Topic: IPO Intermediaries Feedback

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