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IPO Book-Runner |
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IPO Book-runner is also known as Merchant Banker, Book-Running Lead Managers, Lead managers, Lead/Main Underwriter. |
An underwriter is also known as Co-manager, manager, broker, agent. |
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A book-runner is responsible for assisting the issuer on the entire IPO process |
An underwriter comes into picture in case of under subscription. |
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IPO Book-Runner is mandatory for all IPOs |
An underwriter is mandatory only in case of SME IPOs. |
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Issuer pays fees to a merchant banker |
Underwriters charge a fee/underwriting commission for the services. |
Topic: IPO Intermediaries Feedback
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