Who is Merchant Banker?
In accordance to Securities and Exchange Board of India (Merchant Bankers) Regulations, 1992, a merchant banker is defined under section 2 clause (cb) as any person who is engaged in the business of issue management either by making arrangement regarding buying, selling or subscribing to securities or acting as consultant, manager or rendering corporate advisory services in relation to such issue management.

Merchant bankers advise entrepreneurs right from the stage of a conception of the project till the commencement of production and they are in charge of the issue process. Merchant Bankers act as intermediaries between the companies and the investors. They take responsibility for the preparation of the prospectus and marketing the issue.