(1) Opening an Escrow Bank Account with a scheduled bank by passing a resolution in the meeting of Board of Directors.
(2) Drawing an agreement with a recognized stock exchange for the listing of shares.
(3) Drawing an agreement with various intermediaries like Lead Manager, Registrar, Bankers to the issue, Depository, Brokers etc. for the public issue.
(4) Fulfilling statutory provisions for withdrawal of share applications and closure of subscriptions.
(5) Preparing lists of applicants in different categories.
(6) Arranging meetings of the Board of Directors for allotment of shares and preparing minutes of such meetings.
(7)Informing Applicants regarding share allotment (such information is given through SMS and e-mail in present times.)
(8) Informing applicants regarding non-allotment of shares.
(9) Filing the Share Allotment statement with Registrar of Companies.
(10) Releasing payment of underwriting commissions, if underwriting agreement has been entered into.
(11) Releasing payment of as agreed upon remuneration to Lead Manager, Depository, Brokers, Registrar to the issue etc.
(12) Getting the shares listed on recognized stock exchanges after allotment.