WRONG ANSWER
one or more
Regulation 13 of SEBI (ICDR) Regulations states - an issuer shall be eligible to issue warrants in an initial public offer subject to the following:
a) the tenure of such warrants shall not exceed eighteen months from the date of their allotment in the initial public offer;
b) a specified security may have one or more warrants attached to it.
15
15 days
Exchange Traded Fund
The issuer and the merchant banker have to ensure that specified securities are allotted and/or application money are refunded within 15 days from the date of closure of the issue.
No, the company cannot advertise
As per the SEBI ICDR Regulations - No advertisement shall be issued giving any impression that the issue has been fully subscribed or oversubscribed during the period the issue is open for subscription.
An announcement regarding the closure of issue should be made only after the lead merchant banker is satisfied that atleast 90% of the offer through the offer document have been subscribed and a certificate regarding that have been obtained from the registrar to the issue.
However, such announcement should not be made before the issue closure date.
All of the above
These documents need to be maintained for a minimum period of 5 accounting years by the Merchant Banker :
(a) a copy of balance sheet as at the end of the each accounting period;
(b) a copy of profit and loss account for that period;
(c) a copy of the auditor’s report on the accounts for that period;
(d) a statement of financial position.
(e) Records and documents pertaining to due diligence exercised in pre-issue and postissue activities of issue management and in case of takeover, buy-back and delisting of securities.
False
The terms Merger and Acquisition are used synonymously, however, they are slightly different in their meanings.
When one company takes over another and clearly establishes itself as the new owner, the purchase is called an acquisition.
A merger happens when two firms agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a "merger of equals".
90%
I & IV
A Merchant Banker is not involved in stock trading. Also regarding printing of forms - The issuer company in consultation with the merchant bankers appoint the printers who are engaged in bulk printing of the offer document and application forms.
A Merchant Banker is involved in issue and listing of debt and equity and also manages Mergers and Takeovers.