NISM-Series IX: Merchant Banking Certification Exam Notes
Page 46 Of 79
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Issue Closure: Issue closes after specified subscription period.
Allotment Timelines: Completed within SEBI-specified periods post-closure.
Refund Timelines: Refunds issued within 7 days of allotment approval.
Interest on Refunds: Paid if refunds delayed beyond specified period.
SEBI ICDR Regulations, 2018: Govern issue management processes.
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