Can all banks participate in selling IPOs?


#1
  1. Can all banks participate in selling IPOs?
  2. Do these kind of banks have specific names?
  3. Are there any other entities also that can participate in IPO sale?

#2

No. The Bank should be Registered as a Self Certified Syndicate Bank.

https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognisedFpi=yes&intmId=35

YES. Self Certified Syndicate Banks.

YES. Entities like Stock Brokers, Investment Bankers etc having an agreement with the Undertakers to the Issue.


#3

Meant to write Underwriters, but with the past IPO’s turning out to be a trap for many Investors, even using UnderTakers, is not a bad choice afterall.