Underwriting

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..... te at least fifteen per cent. of the issue size on their own account(s). (3) The issuer, in consultation with lead manager(s), 1 [ shall appoint merchant bankers or stock brokers, registered with the Board, to act as underwriters, ] and the lead manager(s) may enter into an agreement with the nominated investors indicating therein the number of specified securities which they agree to subscribe at .....

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..... o the issue made under this Chapter in any manner except for fulfilling their obligations under their respective agreements with the lead manager(s) in this regard. (7) All underwriting and subscription arrangements made by the lead manager(s) shall be disclosed in the offer document. ************ NOTES:- 1. Substituted vide Notification No. SEBI/LAD-NRO/GN/ 2022/ 63 dated 14-01-2022 before it was .....

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