Merchant Bankers
Merchant Bankers are financial institutions that help companies raise money in the primary markets.
Raising funds can be a challenging task for any organization - be it through means of equity or debt. In such cases, merchant bankers provide consultancy to companies on matters pertaining to finances, marketing, management, and law.
When it comes to an IPO, the merchant banker is responsible for ensuring legal compliance and marketing the issue.
Karvy, Axis Bank, Edelweiss Capital, and Goldman Sachs are some of the merchant bankers present in the Indian financial markets.
#MarketsHumor