What is the role of registrar in IPO?

Following are the responsibilities of Registrar in an IPO:

1. Pre-IPO Stage (Before the IPO opens)

• IPO planning and resource alignment.
• Coordinates with Banks, Stock exchanges (BSE/NSE) and Depositories (NSDL/CDSL)

       2. During the IPO (Subscription period)

• Collects application data from Banks, Brokers, Online platforms
• Receive the final bid file from the exchanges.
• Checks for Duplicate PANs, Invalid demat details, Incorrect bids
• Coordinate with bankers to ensure that final collection certificates are received.
• Reconcile the banked bids with the Final Bid file.
• Compiles category-wise subscription data (Retail, QIB, NII)
• Prepare the basis of allotment with lead managers.
• Submit the basis for approval to the Stock Exchange.
• Process the allotment of shares.
• Send funds debit and funds unblocking files to SCSBs.

       3. Post IPO Stage

• Initiates refunds / fund unblocking
• Credits shares to demat accounts
• Publishes Basis of allotment
• Handles investor grievances