NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Prospectus Definition: A document detailing issue terms and company information.
  • Red Herring Prospectus: A preliminary prospectus filed before final pricing.
  • Application Process: Investors apply via ASBA, blocking funds in bank accounts.
  • ASBA Facility: Application Supported by Blocked Amount ensures funds are blocked, not debited.
  • Allotment Process: Shares are allotted based on demand and issue terms.

NISM 12 Securities Markets Foundation

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