RHP( First) then Draft offer document, offer document.

RHP will not any any details regarding price band, no.of shares etc.
Offer document will issue open,close dates,pricew band.

Lead management & Book running are two different set of activities. When combined
it is known as BRLM.
Lead Managers role:
In the pre-issue process, the Lead Manager (LM) takes up the due
diligence of companys operations/ management/ business plans/ legal
etc. Other activities of the LM include drafting and design of Offer
documents, Prospectus, statutory advertisements and memorandum
containing salient features of the Prospectus. The BRLMs shall ensure
compliance with stipulated requirements and completion of prescribed
formalities with the Stock Exchanges, RoC and SEBI including finalisation
of Prospectus and RoC filing. Appointment of other intermediaries viz.,
Registrar(s), Printers, Advertising Agency and Bankers to the Offer is also
included in the pre-issue processes. The LM also draws up the various
marketing strategies for the issue.

Ex-dividend date is the day after which, if you purchase the stock you are no longer entitled
to receive the dividend. In order to receive the dividend, you must have to buy the stock
before the ex-dividend date. The stock price may reduce by the amount of dividend after the
ex-dividend date, as new investors are no longer entitled to receive the dividend.
Exdividend date is prior to the record date.
Rights issue: 3: 8 means, rights issue price of 99. An existing share holder buys 3 shares for
every 8 shares at a price of Rs. 99 per share.
If all the shareholders of a firm subscribe to their rights, the proportional ownership of the
shareholders in the firm remains unchanged. However, if as a shareholder, you do not
exercise your right and let it lapse, your proportional ownership in the firm goes down.
Why? Because your rights have a positive value and if you let it lapse, you lose value. What
is the value of a right?
It is the difference between the cum-rights and ex-rights price of the share. Cum-rights price
is the price of a share before the rights issue, while ex-rights price is price after the rights
issue. Typically a rights issue is made at a price that is less than the market price. This is
understandable, because if the rights issue is made above the market price, you would be
better off buying the same share in the market rather than subscribe to the rights issue. Thus
in general, following a rights issue which is made at a price less than the market price, so that
in general, you have a positive value for your rights.
Thus, if you do not wish to subscribe to a rights issue, you would be nave to just let it lapse.
Because when you do so, you lose value equivalent to the value of the right. Thus if you do
not wish to subscribe to the rights issue, you would do better to renounce your rights and
encash their value.
NASDAQ Broker Dealer is same as Market Maker.
A broker-dealer firm that accepts the risk of holding a certain number of shares of a particular
security in order to facilitate trading in that security. Each market maker competes for
customer order flow by displaying buy and sell quotations for a guaranteed number of shares.
Once an order is received, the market maker immediately sells from its own inventory or
seeks an offsetting order. This process takes place in mere seconds
Each stock market has its own traffic control police officer.. On the Nasdaq, the traffic
controller is known as the market maker, who, we already mentioned, transacts with
buyers and sellers to keep the flow of trading going. On the NYSE, the exchange traffic
controller is known as the specialist, who is in charge of matching up buyers and sellers.
The definitions of the role of the market maker and that of the specialist are technically
different; a market maker creates a market for a security, whereas a specialist merely
facilitates it. However, the duty of both the market maker and specialist is to ensure smooth
and orderly markets for clients. If too many orders get backed up, the traffic controllers of the
exchanges will work to match the bidders with the askers to ensure the completion of as
many orders as possible. If there is nobody willing to buy or sell, the market makers of

the Nasdaq and the specialists of the NYSE will try to see if they can find buyers and
sellers and even buy and sell from their own inventories.

NYSE is Order Driven while NASDAQ QUOTE driven market.

The order driven market displays all of the bids and asks, while the quote driven market
focuses only on the bids and asks of market makers and other designated parties.
Foreign exchange market is quote driven market.
What is a Stop Loss order ?
A Stop loss order allows the client to place an order which gets activated only when the
market price of the relevant security reaches or crosses a threshold price specified by the
investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price (SLTP) is
specified in a limit order, the order becomes one which is conditional on the market price of
the stock crossing the specified SLTP. The order remains passive (i.e. not eligible for
execution) till the condition is satisfied. Once the last traded price of the stock reaches or
surpasses the SLTP, the order becomes activated (i.e. eligible for execution by being taken up
in the matching process of the exchange) and then on behaves like a normal limit order. It is
used as a tool to limit the maximum loss on a position.
Examples :
Stop Loss Buy Order
'A' short sells Reliance shares at Rs 325 in expectation that the price will fall. However, in the
event the price rises above his buy price 'A' would like to limit his losses. 'A' may place a
limit buy order specifying a Stop loss trigger price of Rs 345 and a limit price of Rs 350. The
stop loss trigger price (SLTP) has to be between the last traded price and the buy limit price.
Once the market price of Reliance breaches the SLTP i.e. Rs 345, the order gets converted to
a limit buy order at Rs 350.
Stop Loss Sell Order
'A' buys Reliance at Rs 325 in expectation that the price will rise. However, in the event the
price falls, 'A' would like to limit his his losses. 'A' may place a limit sell order specifying a
Stop loss trigger price of Rs 305 and a limit price of Rs 300. The stop loss trigger price has to
be between the limit price and the last traded price at the time of placing the stop loss order.
Once the last traded price touches or crosses Rs. 305, the order gets converted into a limit sell
order at Rs. 300.
Important
Please note that in a buy order the SLTP cannot be less than the last traded price. This is
treated as a normal order because the condition that the last traded price should exceed the
stop loss trigger price for a buy order is already satisfied. Similary, in case of a stop loss sell
order the SLTP should not be greater than the last traded price for the same reason.