NISM-Series IX: Merchant Banking Certification Exam Notes

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  • Anchor Investor Allocation: Up to 60% of QIB portion, with lock-in period.
  • Retail Investor Allocation: Minimum 35% of issue size in public issues.
  • Non-Institutional Allocation: Minimum 15% of issue size in public issues.
  • QIB Allocation: Up to 50% of issue size in public issues.
  • ASBA Mechanism: Blocks funds in investor’s account during application.

NISM Merchant Banking

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