Merchant Bankers

The government budgets to earn approximately Rs 20,000 crore through QIP of five banks, namely Bank of Maharashtra, Indian Overseas Bank, UCO Bank, Central Bank of India, and Punjab and Sind Bank.

Relief for merchant bankers as SEBI allows non-regulated activities under same firm

This assumes significance as the board of the capital market regulator, in its meeting held in December 2024, had approved that non-regulated activities had to be hived off into a separate legal entity

MC Explains: Why Sebi introduced, then pulled back a merchant banking rule within one quarter

Sebi deferred its earlier decision to restrict merchant bankers' activities, after a board meeting on March 24. The restrictions pertained to merchant banks taking up activities like valuation.

Govt gets 20 queries each from merchant bankers, legal advisors for minority stake sales in PSU banks, financial firms

On February 24, the government had invited bids to appoint merchant bankers and legal advisers to sell part of the government's holdings in select public sector banks and public financial institutions through SEBI-approved methods, according to the Department of Investment and Public Asset Management's notification.

SEBI board meet: New laws, new approach; 9 key announcements and the one that didn't make it

On December 18, the Securities and Exchange Board of India (SEBI) presented proposals that covered SME IPOs, performance validation and a new regulation that mandates public consultation as part of the process of the capital markets’ regulator.

SEBI asks merchant bankers to upload pre-IPO, post-IPO documents onto platform maintained by exchanges

The platform will be maintained by the stock exchanges, according to the circular issued on December 5

Merchant bankers earn a minuscule Rs 7 crore to manage Rs 10,000-crore NTPC Green Energy IPO

'Managing the IPO of govt-owned companies is more about prestige rather than money,' said an investment banker who has worked on PSU IPOs

MC Exclusive: Fake investment bankers making a killing amid SME sector’s IPO boom

Unregistered and fraudulent entities earn from investment bankers, who are struggling in a competitive industry. Also, these entities prey on ignorant business people, who are seeking shortcuts for IPO listings, according to experts in capital market regulations.

Rs 275 crore: That's how much Swiggy paid merchant bankers for timely delivery of its IPO

After Paytm, this is the second-highest quantum of fee paid by a digital major making its entry in the public markets

MC Exclusive: Tighter rules for merchant bankers soon to ensure IPO fair play

SEBI has found instances of conflict of interest and is trying to plug it, say sources aware of the development

Sebi will now recognise foreign-university degrees for merchant bankers registration

Until now, under SEBI (Merchant Bankers) Regulations, 1992, only those with professional qualification from a government-recognised Indian institution could apply for the registration.

Sebi moots restricting corporates registered outside of India from working as merchant bankers

In a consultation paper released on August 28, the Securities and Exchange Board of India (Sebi) has issued proposals to overhaul the Sebi (Merchant Bankers) Regulations. One of the suggestions is to review the legal structures that can be permitted to register as merchant bankers (MBs).

Merchant bankers may soon need to earn a minimum amount from IPO-related activities; Sebi suggests overhaul of regulations

The market regulator has released a consultation paper on August 28 with various suggestions

SEBI panel suggests changes to merchant banking regulations

In August 2023, an Expert Committee under the chairmanship of S K Mohanty, former whole-time member of SEBI, was formed, which, among other things, also delved into the issue of reviewing the regulatory framework for merchant bankers.

Sebi moots direct reporting of change in AIFs' private-placement memorandum

Any change in the PPM is now done through merchant bankers; the regulator has proposed doing away with this intermediary

Kerala Financial Corp invites bids from merchant bankers for Rs 273.50-cr bond issue

The last date for submission of bids is on April 20 by 2 pm, release said.

Govt kickstarts IREDA IPO process, scouts for merchant bankers

The Department of Investment and Public Asset Management (DIPAM) on Monday invited bids from category-I Sebi registered merchant bankers; either singly or as a consortium, with experience and expertise in public offerings in capital market; to act as Book Running Lead Manager (BRLM) and to assist and advise the Government/IREDA in the process.

Merchant bankers can't undertake any business other than those related to securities market: Sebi

Providing an informal guidance in this regard to PNB Investment Services, an arm of Punjab National Bank (PNB), the Securities and Exchange Board of India (Sebi) indicated that its views might differ on a case-to-case basis.

Godrej Industries to issue 3-month CP: Traders

The company will offer a yield of 6.75% on the issue and has received commitments worth about 750 million rupees

Should LIC time its IPO based on market conditions? 

LIC stands on strong fundamentals and if it prices its issue right, investors will flock to it even if market sentiment is low 

Sebi asks RTAs, merchant bankers to disclose investor charter, complaint data on websites

The new guidelines will come into effect from January 1, 2022, the Securities and Exchange Board of India said in four separate circulars.

11 merchant bankers in fray for managing govt's 26.12% stake sale in Tata Communications

The government will sell its entire stake in Tata Communications Ltd (TCL), erstwhile VSNL, through an offer for sale and strategic sale route by March 20, 2021.

Merchant bankers, 10 others to get permanent registration:Sebi

The Securities and Exchange Board of India (Sebi) already gives permanent registration to stock brokers and sub-brokers subject to their compliance with certain requirements.

Security and Intelligence Services files IPO papers with Sebi

Security and Intelligence Services today filed their draft papers with market regulator Sebi to raise an estimated Rs 500 crore through an initial public offering.

SUUTI stake sale:Govt eases rules for bankers for ITC,L&T,Axis

Earlier, the merchant bankers were not permitted to enter into any competing transaction for entire three years for which they are being hired and hence, the bankers had approached DIPAM for a change in the clause.