The allocation of shares as per SEBI guidelines, processing applications, following patterns for equal distribution of shares, processing refunds, and transferring shares to the Demat account of investors are a few of the registrar’s many roles.
If you look at the overall processes involved, from the nascent stages of the IPO to the allocation of shares of the IPO, then the registrar plays a vital role. A registrar of the IPO is nothing but an independent financial institution registered with the stock exchange and SEBI. Its where the company going public chooses the registrar for finalizing all the processes involved in the IPO.
Moreover, the registrar’s primary role is to allocate shares, process IPO applications, divide the shares as per the SEBI guidelines, process refunds, and carry out the necessary transactions to roll out the IPO as smoothly as possible. Transferring the shares to the investors’ respective Demat accounts is also an important role of the registrar.