Important Points for IC 99 - Asset Management Exam
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As per Regulation 13 (Underwriting) of SEBI (ICDR) Regulations 2009, if the syndicate members fail to fulfill their underwriting obligations, then the lead book runner will have to fulfill the underwriting obligations.
The issuer should have net tangible assets of at least Rs. 3 crores in each of the preceding three years, of which not more than 50% are held in monetary assets.
Fundamental analysis attempt to examine and analyse the fundamental aspects basically macroeconomic aspects affecting the value of securities.
The main objective of performing fundamantal analysis is to produce a value that an investor can compare with the securitys current price to take appropriate action in regard to managing the asset (security) - whether to buy or sell or hold. (Buy if underpriced, sell if overpriced).
The three phases of fundamental analysis are economic analysis, industry analysis and company analysis.
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