Merchant banks are different from commercial banks. Their activities are very wide. Public issue management has to do complex and multi-faceted tasks and many organizations work on public issues the one who operates and controls all these organizations is called a merchant banker. In this way, for the management of a large issue, specially qualified persons and institutions are required and its operation and control are executed under the direction of the merchant bankers. Although merchant bankers also provide other services but their identity and main function is issue management and in present times their services have become indispensable in the public issue and it is playing an important role in the transfer of capital from owners to users. Therefore, merchant bankers are individuals and organizations engaged in the securities market, who do the work of buying and selling securities, issuing capital, allotting, soliciting, etc.What is the definition and functions of a merchant bank? aMerchant bank refers to such persons or institutions, who provide their services to any big industrial unit for the establishment of new ventures, promotion of new projects of new companies, planning, execution, etc.
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