NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Minimum Subscription: 90% of issue size required for issue to proceed.
  • Failure of Minimum Subscription: Entire application money refunded.
  • Pricing Methods: Fixed price or book building for issue pricing.
  • Book Building Process: Investors bid within price band, price finalized post-bidding.
  • Price Band Requirement: Minimum 105% of floor price in book-built issues.

NISM Merchant Banking

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