NISM Series 12 Securities Markets Foundation Certification Exam Notes

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  • Oversubscription: Excess applications lead to proportional or lottery-based allotments.
  • Listing of Shares: Shares are listed on stock exchanges post-issue for trading.
  • Listing Benefits: Listing enhances liquidity and investor confidence.
  • Rights Issue Definition: New shares offered to existing shareholders at a fixed ratio.
  • Rights Issue Process: Streamlined process with shorter timelines than public issues.

NISM 12 Securities Markets Foundation

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