... the Issue The Registrars normally receive the share application from various collection centers. They recommend the basis of allotment in consultation with the Regional Stock Exchange for approval. They arrange for the dispatching of the share certificates. 2.3 Underwriters Underwriting is a contract by means of which a person gives an assurance to the issuer to the effect that the former would subscribe to the securities offered in the event of non subscription. Underwriters stand as back-up supporters and they charge commission for this assurance. Underwriters are divided into two categories: * Financial Institutions & Banks * Brokers and approved investment companies 2.4 Bankers Bankers collect the application money along with the application form. The bankers to the issue generally charge commission. Depending upon the size of the public issue more than one banker to the issue is appointed. 2.5 Advertising Agents The advertising agency takes the responsibility of giving publicity to the issue on various media including newspapers, magazines, ...

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