The Hindu Business Line : Pick the right issue

2) As part of post-issue obligations, the lead manager shall submit which of the following reports? a) three-day monitoring report; b) 30-day monitoring report; c) 50-day monitoring report; d) 60-day monitoring report.

I) (a) to (d); II) (a), (b), (c); III) (a), (c); IV) (c), (d)

3) In the case of public issue by an unlisted company, the promoters shall contribute not less than: a) 10 per cent of the post-issue capital; b) 15 per cent of the post-issue capital; c) 20 per cent of the post-issue capital; d) 25 per cent of the post-issue capital.

4) In the case of composite issues of a listed company, the promoters' contribution shall at the option of the promoters be:

a) either 10 per cent of the proposed public issue or 10 per cent of the post-issue capital; b) either 25 per cent of the proposed public issue or 25 per cent of the post-issue capital; c) either 15 per cent of the proposed public issue or 15 per cent of the post-issue capital; d) either 20 per cent of the proposed public issue or 20 per cent of the post-issue capital.

5) Draft prospectus shall be filed with SEBI through a merchant banker at least: a) 30 days prior to the filing of prospectus with the Registrar of Companies (RoC); b) 14 days prior to the filing of prospectus with the RoC; c) 21 days prior to the filing of prospectus with the RoC; d) 45 days prior to the filing of prospectus with the RoC.

6) An unlisted company can make a public issue of equity shares if it has a track record of distributable profits for at least: a) three out of the immediately preceding five years; b) two out of the immediately preceding five years; c) four out of immediately preceding five years; d) one out of immediately preceding five years.

7) In the case of book-building process: a) 20 per cent of the issue size should be allotted to qualified institutional buyers (QIBs); b) 25 per cent of the issue size should be allotted to QIBs; c) 60 per cent of the issue size should be allotted to QIBs; d) 50 per cent of the issue size should be allotted to QIBs.

8) SEBI (Disclosure and Investor Protection) Guidelines, 2000 is applicable in the case of rights issue amounting to: a) Rs 45 lakh; b) Rs 60 lakh; c) Rs 50 lakh; d) Rs 100 lakh.

I) (a), (c), (d); II) (b), (c), (d); III) (a), (c); IV) (b), (d)

9) Issuer company can mention in the offer document filed with SEBI a price band of: a) 15 per cent; b) 10 per cent; c) 25 per cent; d) 20 per cent.

10) The promoter's shareholding after offer for sale should not be less than: a) 20 per cent of the post-issue capital; b) 25 per cent of the post-issue capital; c) 15 per cent of the post-issue capital; d) 10 per cent of the post-issue capital.

11) The lead merchant banker shall furnish to SEBI a due diligence certificate as specified in: a) Schedule IV to the SEBI Guidelines, 2000; b)

Schedule III to the SEBI Guidelines, 2000; c) Schedule VI to the SEBI Guidelines, 2000; d) Schedule V to the SEBI Guidelines, 2000.

12) The draft offer document filed with SEBI shall be made public for a period of: a) 21 days from the date of filing the offer document with SEBI; b) 14 days from the date of filing the offer document with SEBI; c)

seven days from the date of filing the offer document with SEBI; d)

30 days from the date of filing the offer document with SEBI.

13) The reservation for the shareholders shall not exceed: a) 5 per cent of the total proposed issue size; b) 15 per cent of the total proposed issue size; c) 20 per cent of the total proposed issue size; d) 10 per cent of the total proposed issue size

14) Securities issued as firm allotment basis shall be locked in for a period of: a) two years; b) one year; c) three years; d) five years.

15) In the case of public issue of Rs 10 per share at par, the minimum number of shares for which an application should be made by the investor shall be: a) 100 shares; b) 200 shares; c) 300 shares; d) 500 shares.

16) The market makers should offer to buy and sell quotes for a minimum depth of: a) 10 marketable lots; b) three marketable lots; c) five marketable lots; d) two marketable lots.

17) The aggregate of reservations and firm allotments for employees in an issue shall not exceed: a) 10 per cent of the total issue size; b) 15 per cent of the total issue size; c) 20 of the total issue size; d) 5 per cent of the total issue size.

18) In the case of a public issue at premium, the minimum application money payable by an applicant shall not be less than: a) Rs 1,000; b) Rs 5,000; c) Rs 2,000; d) Rs 10,000.

19) The minimum tradable lot in the case of offer price of Rs 100 per share shall not exceed: a) 10 shares; b) 50 shares; c) 100 shares; d) 200 shares.

20) Where the promoter's contribution in the proposed public issue exceeds the required minimum contribution, such excess contribution shall also be locked in for a period of: a) five years; b) three years; c) two years; d) one year.

21) In the case of a rights issue of debt securities of Rs 150 crore: a) credit rating from one credit rating agency is required; b) two credit ratings from one credit rating agency are required; c) two credit ratings from two different credit rating agencies are required; d) no credit rating is required.

22) Promoter's contribution should be brought in at least: a) 21 days before the issue opening date; b) 14 days before the issue opening date; c) seven days before the issue opening date; d) one day before the issue opening date.

23) The lead merchant bankers are entitled to firm allotment up to a maximum ceiling of: a) 20 per cent of the proposed issue of securities; b)

15 per cent of the proposed issue of securities; c) 10 per cent of the proposed issue of securities; d) 5 per cent of the proposed issue of securities

Solution:1), (b); 2), III; 3), (c); 4), (d); 5), (c); 6), (a); 7), (c); 8), IV; 9), (d);

10), (a); 11), (b); 12), (a); 13), (d); 14), (b); 15), (b); 16), (b); 17), (a); 18), (c); 19), (c); 20), (d); 21), (c); 22), (d); 23), (d).

Article E-Mail :: Comment :: Syndication

Stories in this Section
An ordinary mail that didn't reach a director

Pick the right issue

Why `and' in P&L when profit and loss are mutually exclusive?

Don't carry home to office, but why not the reverse?

Discern opportunities around, when others don't

We're all pilots on the spaceship called earth