Other obligations of post-issue merchant banker

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..... payment of interest to applicants in case of delayed allotment or refund, shall be as per the disclosure in the scheme offer document. (2) The post-issue merchant banker(s) shall regularly monitor redressal of investor grievances relating to post-issue activities such as allotment, refund, etc. in such manner as may be specified by the Board. (3) The post-issue merchant banker(s) shall ensure tha .....

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..... rtisement stating that issue has been oversubscribed or indicating investors response to the issue, during the period when the public issue is still open for subscription by the public. (5) The post-issue merchant banker(s) shall continue to be responsible for post-issue activities till the subscribers have received credit to their demat account or refund of application moneys and the listing agre .....

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