NISM Series II A : Registrars to an Issue and Share Transfer Agents - Corporate Exam Notes
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UPI integration: Facilitates IPO applications with faster payment processing.
Lead manager: Coordinates pre- and post-issue activities, ensuring compliance.
Share allotment: Pro-rata or lottery-based, depending on subscription levels.
Refund process: Returns unallotted or excess funds to investors post-allotment.
Listing timeline: Reduced to T+3 days per SEBI regulations for faster listing.
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