Eveready EA Initial Public Offer
The original shareholders in the private company were selling 30% of the shares to the public, converting it into a public company and further listing the entire shares capital of the company totaling to 210,000,000 shares. The project entailed receiving all payments from agents, design of allocation formula and working with the Transaction Advisor to conclude the allotment and refund of payments.
Image Registrars doubled up as both the IPO Shares Registrar, and the Receiving Agent. All applications and payments were received and processed centrally. We performed allocations, printed certificates, effected CDS credits, and disbursed refunds to all applicants. A shares register was later compiled, and Image Registrars continues to be the custodians of the register.