In an IPO, the Registrar plays an important role as a key intermediary between the company going public and its investors.

Here are some of the key services provided by a Registrar during an IPO:

Investor Verification: The Registrar verifies the credentials of investors to ensure that they meet the eligibility criteria set by the company, such as a minimum investment amount or residency requirements.

Allotment of Shares: The Registrar is responsible for allotting shares to investors as per the allocation guidelines set by the company.

Refund Management: In case of oversubscription or undersubscription of shares, the Registrar is responsible for managing the refund process to investors.

Share Transfer: The Registrar facilitates the transfer of shares from the investors’ accounts to their demat accounts, and also handles the transfer of shares between investors.

Record Keeping: The Registrar maintains records of investors, shares allotted, and transfers made during the IPO.

Regulatory Compliance: The Registrar ensures that the company complies with all applicable securities regulations related to the allotment of shares, transfer of ownership, and investor records.

Overall, the Registrar plays a critical role in an IPO by ensuring that the allotment of shares is done accurately, the transfer of shares is done smoothly, and the company remains in compliance with applicable regulations.