The term Merchant Banking has its origin in the trading methods of countries in the late eighteenth and early nineteenth century when trade-taking place was financed by bill of exchange drawn by merchanting houses


Finalisation of Basis of Allotment (BOA)



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18MB0408T - Unit II
Finalisation of Basis of Allotment (BOA): In case of a public offering, besides post-issue lead-manager, registrar to the issue and regional stock-exchange officials, association of public representative is required to participate in the finalisation of Basis of Allotment (Annexure 5). Data of accepted applications is finalised and Regional Stock Exchanges are approached for finalisation of BOA.

Despatch of Share Certificates, etc.: Then follows despatch of share certificates to the successful allottees, demat credit, cancelled stock-invest and refund orders to unsuccessful applicants.


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