NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Types of Issues: Public issues, rights issues, and private placements raise capital.
  • Public Issue Types: Include IPOs, FPOs, and offer for sale by existing shareholders.
  • IPO Definition: Initial Public Offering is the first public issuance of equity shares.
  • FPO Definition: Follow-on Public Offer involves additional share issuance by listed companies.
  • Offer for Sale: Existing shareholders sell securities to the public via an offer document.

NISM 12 Securities Markets Foundation

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