The role of registrars and transfer agents in the IPO process

Sun, 21 Jun 2026 00:00:00 +0000

A registrar to an issue is a SEBI-registered intermediary that processes every application in an IPO , fixes the basis of allotment in consultation with the stock exchange, finalises who receives shares, and runs the refund or unblock cycle for the rest. The role is governed by the SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993, and the registrar, commonly called the RTA, is the entity whose portal you visit to check whether you got an allotment.

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The role of registrars and transfer agents in the IPO process