Processing IPO Applications:
· The Registrar receives and processes IPO applications submitted by investors.
· They verify the accuracy and completeness of the application forms, including investor details and bid amounts.
Share Allocation:
· After the IPO subscription period closes, the Registrar allocates shares to investors based on SEBI rules and allotment criteria specified in the prospectus.
· They determine the number of shares to be allotted to each investor and generate allotment letters accordingly.
Refunds Management:
· In case of oversubscription or non-allotment, the Registrar manages the refund process.
· They ensure prompt refunds of excess funds to investors through designated payment modes.
Transfer of Shares:
· Once shares are allocated, the Registrar facilitates the transfer of allocated shares to investors' demat accounts.
· They coordinate with depositories and stock exchanges to ensure smooth share transfer processes.
Compliance and Registration:
· Registrars are registered entities with SEBI and stock exchanges authorised to perform IPO-related functions.
· They ensure compliance with SEBI regulations and guidelines throughout the IPO process.
Investor Communication:
· Registrars serve as a primary point of contact for investors regarding their IPO applications.
· They address investor inquiries, provide updates on application status, and assist with any concerns or issues raised by investors.